Demo Account Opening In the MetaTrader 5 mobile platform for Android you can work with 2 types of accounts: demonstration (demo) and real. Demo accounts provide the opportunity to work in a grooming mode without real money, assuasive to test a trading strategy. They have the same functionality as the real ones. The difference is that demo accounts can be opened without whatsoever investment and, therefore, one cannot await to profit from them. To open a demo account, tap on the business relationship direction folio. Next, select the server (brokerage visitor) on which you wish to open a demo account. By default, the listing does not display all available servers. To find the desired broker server, start typing its name into the search bar. - Search results are displayed subsequently you type three characters.
- Contact your broker to know the server proper name.
Tap on the desired server line and and then tap "Demo account". |
Account Parameters Specify the following business relationship parameters hither: - Beginning Name, Last Name – the total name of the user, consisting of at least 8 characters.
- Phone – contact phone number in an international format. For instance, +496912345678. Please be sure to indicate your mobile phone number. Landline phone numbers are non accustomed.
- E-mail – due east-mail address, for case: "john@smith.com".
- Use hedge in trading – use this choice to open up an account with the hedging position direction system, which allows having multiple positions of a financial instrument at a time, both in the same and opposite direction. Otherwise, an account with the netting position accounting system volition be opened for you. Types of account that are available to you depend on the option.
- Account blazon – select the type of business relationship.
- Leverage – the ratio betwixt borrowed and owned majuscule for trading.
- Deposit – initial eolith in the basic currency.
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| To open up an account, tap the "Annals" button at the bottom of the window. |
| | Completion of Account Registration Subsequently some time a new demo account will exist allocated to you. Its parameters volition exist displayed as shown in a higher place. - First Name, Final Proper name – the name of the account possessor.
- Account blazon – the type of the business relationship and the leverage value.
- Deposit – the initial deposit.
- Login – the number of the opened account.
- Password – a password to access the account. This is a master countersign, which allows to perform merchandise operations on this account.
- Investor – investor password. It allows you lot to connect using this account, view its land and analyze price dynamics, but information technology does not allow trading.
To complete the business relationship opening process and connect to it, tap "Set up" at the bottom of the window. |
| Tap to copy the parameters of the opened account to clipboard in guild to save them in any other application. - If you take any bug with registration, delight contact the broker's technical support team.
- If extended authorization fashion is used for demo accounts, a special security certificate will exist automatically generated and installed when opening an account. More information can be found in "Extended authentication".
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Source: https://www.metatrader5.com/en/mobile-trading/android/help/settings_accounts/account_open
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