Overall Rating
4.9/5
Rated #194 of
Recommended FX Brokers
Minimum Deposit USD 0
Regulators FCA, CFTC, ASIC, FSC, BVI and IIROC
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Yes
📈 Total Pairs
45
Islamic Account No
Trading Fees Low
24 Hours
Our OANDA Demo Account Revealed:
How to set up a Demo Account – Step by Step
To register a demo account with OANDA, traders can follow these steps.
- Traders can navigate to the official OANDA website where they can select the “Try Demo” option that can be found on the homepage at the top of the page next to the blue “Start Trading” banner.
- Clicking on this link will load a new page that requires traders to select their country or region from a list of global options.
- To start trading faster, traders are provided with the option of using Facebook Messenger or Telegram to sign-up. Alternatively, traders can proceed manually by selecting the green “Continue with a sign-up form.”
- Additional fields will appear, and traders must complete these to continue. Traders can provide a valid email address, their name and surname, and their mobile number.
- Once traders have completed the required fields, their information will be processed, and an email will be sent to the address that traders provided.
- In this email, traders will find the login credentials that they can use to log into their new practice account to start trading using virtual funds.
OANDA Demo Account Features
The demo account that OANDA provides traders is not something that is only dedicated to beginners. It is a vital tool that can be used by experienced and professional traders who need to test their trading strategies in live market settings using virtual funds.
This allows them to see how their trading strategy will perform and it allows them to tweak their strategy to fit certain metrics better, providing them with an increased chance for profits while effectively managing their risks.
Pros and Cons
You might also like: OANDA Account Types
You might also like: OANDA Fees and Spreads
You might also like: OANDA Islamic Account
You might also like: OANDA Minimum Deposit
Overall Rating
4.9/5
Rated #194 of
Recommended FX Brokers
Minimum Deposit USD 0
Regulators FCA, CFTC, ASIC, FSC, BVI and IIROC
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Yes
📈 Total Pairs
45
Islamic Account No
Trading Fees Low
24 Hours
FAQ
What is the difference between a demo and a live trading account?
A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.
Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.
Does OANDA offer a demo account?
Yes, OANDA offers a demo account.
How long is the demo account valid?
The demo account can be used for an unlimited period but will expire if left dormant for 30 days.
Which live trading accounts does OANDA offer?
OANDA offers a Standard and Core Account, with the ability to convert the Standard Account into a Swap-Free Account.
Does OANDA offer an Islamic Account?
OANDA offers a swap-free account that can be used by Muslim traders.
What are the available deposit currencies for a live trading account?
- USD
- EUR
- HKD
- SGD
