Open demo account on MT4/MT5
MetaTrader basics (PC)
MetaTrader basics (PC)
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On MetaTrader4 (MT4) / MetaTrader5 (MT5), you can open a demo account if allowed by your broker. Not many brokers are allowing this because, due to their marketing strategies, it is common to restrict the opening of demo accounts only through their own websites.
Here we will look at how to open a demo account on MT4/MT5.
Switch between MT4/MT5 tabs to check the steps for each.
Step 1
Click "File" in the menu and select "Open an Account".
Step 2
On the "Open an Account" window, select the server for the new demo account, and click "Next".
Search by broker name
On the MT4/MT5 provided by a forex broker, the broker's servers will be shown by default. If you can't find them, type your broker name in the "add new broker" field and click "Scan".
Step 3
Select "New demo account" and click "Next".
Step 4
Fill in the required fields, check the "I agree to subscribe to your newsletters" box, and click "Next".
|
Number |
Item name |
Descriptions |
|---|---|---|
|
1 |
Name |
Your name. |
|
2 |
|
Email address. |
|
3 |
Phone |
Country code and phone number. |
|
4 |
Account type |
Choose an account type. |
|
5 |
Deposit |
The amount of the initial deposit in the demo account. |
|
6 |
Leverage |
Choose leverage. |
Step 5
Click "Finish" after checking your login ID, password, and other information about the new demo account. It is recommended to make a note of your login ID and password here as the account information will not be sent to your email address.
Check your password in the Terminal
If you need to check your login ID or password again, double-click the message named "New Account Registration" in the "Mailbox" tab of the Terminal. Be sure to check it before logging out, as you can't see the messages without being logged in.
Step 6
You will be automatically logged in with your new login ID and password.
Step 1
Click "File" in the menu and select "Open an Account".
Step 2
Select the server for the new demo account, and click "Next".
Search by broker name
On the MT4/MT5 provided by a forex broker, the broker's servers will be shown by default. If you can't find them, type your broker name in the "add new broker" field and click "Scan".
Step 3
Select "Open a demo account to trade virtual money without risk" and click "Next".
Step 4
Fill in the required fields, check the "I agree with the terms and conditions for opening an account and the data protection policy" box, and click "Next".
|
Number |
Item name |
Descriptions |
|---|---|---|
|
1 |
First name |
Your first name. |
|
2 |
Second name |
Your family name. |
|
3 |
|
Email address. |
|
4 |
Mobile Phone |
Country code and mobile phone number. |
|
5 |
Use hedge in trading |
Uncheck this box if you don't use hedging. |
|
6 |
Server |
Server to open the demo account. |
|
7 |
Account type |
Choose an account type. |
|
8 |
Deposit |
The amount of the initial deposit in the demo account. |
|
9 |
Leverage |
Choose leverage. |
Step 5
Click "Finish" after checking your login ID, password, and other information about the new demo account. It is recommended to make a note of your login ID and password here as the account information will not be sent to your email address.
Check your password in the Toolbox
If you need to check your login ID or password again, double-click the message named "New Account Registration" in the "Mailbox" tab of the Toolbox. Be sure to check it before logging out, as you can't see the messages without being logged in.
Step 6
You will be automatically logged in with your new login ID and password.
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