Working on a demo account, you do not risk your money, but at the same time you can:
- gain practical experience of trading on the FOREX market;
- study the process of analyzing the foreign exchange market;
- test on real quotes and in real time and improve your trading tactics without the risk of losing money;
- develop your own risk management system (Money Management);
- get practical skills in working with InstaTrader.
Stages of opening an account
1. Opening an account is possible only through the trader's terminal, which you can.
2. After downloading the distribution package, run the terminal installer:
3. After installing the terminal, launch it. Now you can proceed directly to the account opening procedure. Select from the top menu File->Open account:
4. In the registration form that appears, fill in all the fields with the required information. Select the type of account you would like to open. Also select the value of the initial deposit for the opened demo account. This amount will be automatically credited to your training account in the form of virtual money, with which you can learn to trade. The amount of the deposit is taken into account in USD.
5. After filling in all the fields and selecting the described parameters and checking the box “Receive news by email”, the “Next >” button will become active, click on it, then continue. As a result, in the window that opens, you will receive a number and passwords for your new account. Remember or save this information.
The number of opened demo accounts is not limited, so you can always open a new demo account to practice new methods of working with the terminal and practice account.
Let's consider the conditions offered by a well-known intermediary on the Forex market - broker InstaForex.
This review has been prepared to help traders get an objective impression of the company and then decide whether to choose it as an intermediary or continue looking for a broker. The information and assessment of the broker's activities are absolutely objective, the reviews are real and found on the Internet.
The main specialization of InstaForex is brokerage services and providing access to international trading platforms.
InstaForex was registered in 2007, at the same time the company concludes agreements with the main players in the information technology market, providing software for online trading and current news. MetaQuotesSoftware, eSignal, Reuters and many others became partners of InstaForex.
InstaForex is an ECN broker that provides clients with optimal conditions for trading not only currencies, but also derivatives, including binary options, as well as commodity assets.
Demo account
If you want to test your knowledge in the field of trading in practice and at the same time minimize the risks of losing capital, opening a demo account is the best solution. To do this, do the following:
- fill out the registration form to open a practice account;
- get a login (account number) and password;
- download MT4 and go through authorization;
- start learning trading.
PAMM accounts
Any client of the broker has every right to both invest in the projects of other market participants and accept investments from other traders. Depending on whether you will invest or accept money, there are 2 types of work in the PAMM system:
- open an account as an Investor;
- open an account as a Manager.
The PAMM system from InstaForex automatically controls the correctness of all transactions, the honesty of the distribution of shares and income between its participants. This system does not provide absolutely any restrictions on the amount of investment, that is, the contribution can be from 1 to hundreds of thousands of USD.
The system also guarantees the safety of the investor's deposits and their protection from the Manager, who can withdraw only his own money that is not used in trading operations.
Binary Options
With InstaForex, you can trade intraday and term binary options; options for 72 trading instruments are available to clients, including currencies, precious metals and almost fifty contracts for difference in stock prices.
You can buy options on accounts in any currency and on cent accounts.
The expiration time of intraday binary options is 1 day with an option duration of at least 1 minute, and the expiration time of urgent binary options is almost 1 month. For the convenience of clients, on the page where options are concluded, there are quote charts with options for the required timeframes; you can also use the archive of quotes.
InstaForex offers a unique option trading service on practice accounts. You can try the service on the broker's website.
ForexCopy System
InstaForex offers a completely new service that allows you to copy trades of successful Forex players . Simultaneously with copying, you can set its scale.
This system does not provide for investing in share schemes, which distinguishes ForexCopy from analogues, and the system instantly executes copied orders and allows you to subscribe only to selected instruments.
A trader whose trades are copied from receives a commission for this in the event that the subscriber's income covers the costs of the commission. There is an option to subscribe daily.
You can register in the Forex Copy system only on a dollar account.
bonus program
The broker offers many bonus programs. Their difference lies in the maximum value, conditions of accrual and application. The withdrawal of money received with the use of any bonuses is not limited.
The table below compares all bonuses available to date.
InstaForex Contests
Perhaps, no other world broker has such a number of promotions and contests. Not only professional traders, but also beginners can become their participants.
The prizes are small gadgets, luxury cars and trips to expensive resorts. The prize fund is allocated half a million dollars annually.
Trading terminals
For all clients, InstaForex broker offers only the most convenient and multifunctional trading platforms Metatrader versions 4 and 5, which help to carry out various calculations, buy and sell assets online and always be aware of the status of your account.
On the broker's website, you can download the MetaTrader terminal for PC and for mobile devices of the Android and iOs systems, a multi-terminal is also available for download, which allows you to work with several accounts at the same time.
Customer support
Customer support service is available around the clock. You can contact her by phone, via Skype, ICQ, Viber and other services.
Analytics
The official website of the broker has a fairly extensive analytical section, where daily news about important economic events, information on the movement of exchange rates and stocks, and expert forecasts are presented.
It also provides fresh reviews and analytics on the Forex market from its own experts. If necessary, you can use the convenient economic calendar and trading schedule.
Education
InstaForex strongly encourages those who decide to start trading for the first time. To do this, the broker offers a simple way of learning, consisting of a course of lectures with a teacher online.
There is also an extensive electronic library and many online webinars.
Deposit/withdrawal of funds
The condition that every client must remember when withdrawing funds is that you can withdraw money only in the method and in the currency in which the deposit was made. You can fund your account in several ways.
Applications for replenishment and withdrawal of money are processed according to the schedule: Mon-Fri from 8.00-17.00, this is the working time of the financial department.
Withdrawals are made in the same way.
Starting directly to study, it should be noted that the best study is study in practice with the simultaneous study of theoretical knowledge. Therefore, before starting the training, let's download and install the Metatrader trading platform, as well as learn how to open a Forex Demo account.
Installing Metatrader at INSTAFOREX broker
The first thing to do is download Metatrader:
- connect to the Internet
For Beginners —> Open Demo Account —> Click on the “Download MT4” button.
We choose the 5th version of the Metatrader 5 trading terminal and download it to our computer:
In general, I would like to immediately note that there are practically no fundamental differences in trade between them. But we will study on the 5th version of the terminal. And the difference in installation between versions 4 and 5 is that version 4 is installed directly on our computer from the installation file that we downloaded, and version 5 is installed via the Internet.
After the download, press 2 times with the mouse on our file (or once with the Enter keyboard). A window appears:
Read and tick the box to confirm our consent. Click the "Next" button and the following window appears:
Here we need to specify the Folder for installing the Terminal, the name of the folder and some conditions for its installation. We do not touch anything and press the "Next" button: 
After the installation of Metatrader is completed, click the "Finish" button. And since in the process of our installation we ticked the “Run the program after installation” checkbox, then automatically, after installation, the MetaTrader5 Terminal of Instaforex broker itself appears with a request to select a trading server:
Enter your data (you can come up with any, since the account is educational). Just be sure to specify for our practice account, as in the figure:
Shoulder 1:100
Deposit: 10 000USD
This is necessary for our visual study. Check the box "I agree to receive news by mail" and click the "Next" button:
The output shows information about our DEMO account:
Login: 9094437- this is our login to enter the MT 5 Terminal
Password:guacy0n- this is our password to enter the MT 5 Terminal
Investor:gikrfm4- this is the investor password (password for viewing) to enter the Metatrader 5 Terminal, using it you can enter the MT 5 Terminal, but you cannot make purchase or sale operations. It is usually given to Investors who have entrusted you with their money for trading and who would like to view the results of your work.
We press the "Finish" button. And we finally see our MT 5 Trading Terminal in all its splendor:
Instaforex Broker
Study it, “pick it up” and finally get used to it. I think you have no problems with how to open a demo account on Forex.
Additional notes:
Remark 1 : Installation of the Metatrader 4 terminal is similar to the one presented above.
Remark 2 : If you decide to additionally open a Demo account on Forex, you can also open it according to the scheme below:
In the top menu of MT 5, select File->Open Account:
In the registration form that appears, fill in all the fields with the necessary information:
Enter your personal information. Just be sure to specify "Leverage" and "Deposit" for our practice account, as in the figure:
Shoulder 1:100
Deposit: 10 000USD
A $10,000 deposit will be automatically credited to your practice account in the form of virtual money, with which you can learn to trade.
After filling in all the fields and selecting the described parameters and checking the box “Receive news by email”, the “Next >” button will become active, click on it, then continue. As a result, in the window that opens, you will receive a number and passwords for your new account. Remember or save this information.
Remark 3 : The number of opened demo accounts is not limited, so you can always open a new demo account to practice new methods of working with the terminal and practice account.
Additional material
For more clarity, we suggest you download the following video materials:
1. Installation of the trading terminal MT 5
The tutorial will allow you to easily install the MetaTrader 5 trading platform on your personal computer.
File Format: MP4
2. Setting up the MT 5 trading terminal
With the help of this lesson, you will be able to learn more about setting up the parameters of the MetaTrader 5 trading platform.
File Format: MP4
3. Opening a real trading account.
In this video you can visually study the process of opening a real account with InstaForex.
File Format: FLV
Also, if you want to learn more about Trading Terminals and their capabilities, we suggest you download:
Directory MT 4
File Format: CHM
Conclusion
Installing the Instaforex Metatrader broker does not take much time and is very simple, and knowing how to open a Forex Demo account is a piece of cake. I hope that in this lesson you have no problems.
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Now our company's clients can use almost the entire set of tools that were previously available only to owners of real Forex trading accounts. Try all the possibilities of the new Personal Cabinet of DEMO accounts!
Forex demo account opening steps
2. After the download is complete, run the terminal installer.
3. After finishing the installation process, launch Instatrader.
4. To open a demo account, select the "File" tab in the upper left corner of the terminal, and in this tab select the " open demo forex account».
5. After selecting the menu " Open forex account» an account opening form will appear in which you need to fill in the appropriate fields of the registration form. Also in this form, it is proposed to select the leverage, account type and the amount of the initial deposit in USD.
6. If all the fields are filled in, you need to check the box "I agree to receive news by mail" and click the "Next" button.
7. In the window that opens, you will be asked to select the "Demo" or "Contest" server, any of these servers is suitable for working on a demo account with InstaForex, after selecting a trading server, you must also click the "Next" button.
8. Now in the window that appears, you will have access to such data as - login and password. Remember this data or save it for further work on a demo account and click the "Finish" button.
The number of opened demo accounts is not limited. Thus, you always have the opportunity to open a new forex demo account at InstaForex to test a new trading strategy, or to learn how to work with Instatrader in more detail.
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A new additional service for a novice forex trader who decides to test his own knowledge and trading skills in the forex market without risking anything. Master the basic principles of working with the updated interface of the Demo Account Cabinet and the functionality of the MT4 trading platform.
Everyone who wants to master the skills of trading in the forex market can open forex account or, for beginners, we recommend opening an InstaForex training demo account, whose functionality is completely identical to a real trader's account, except that trading on a demo account you risk absolutely nothing. Demo account losses and profits are virtual.
A demo account allows you to start the path of a forex trader without the risk of losing capital, and at the same time gaining professional skills in the financial markets, such as:
- gaining practical experience in trading on the international market;
- development of the ability to analyze the foreign exchange market and forecast the movement of prices of foreign exchange instruments;
- creation of own trading systems, their testing in the real mode of operation of the financial market with the possibility of making changes to improve the systems without exposing a real trader's account to the risk of losing a deposit;
- acquisition of skills and creation of their own rules or risk management system, compliance with Money Management while trading;
- and finally, you get a practical opportunity to learn how to work with the InstaTrader trading terminal.
Open a forex demo account very simple. The five steps of opening a forex account are described below:
1. Open demo account instaforex You can use the trading terminal. You can download the terminal by clicking on the link provided.
2. Then, after downloading the distribution kit, you need to run the trading terminal installation program:
3. After installing the trading terminal on your computer, launch it and then proceed to opening a trading demo account. In the upper left corner of the terminal menu, select the "File" item and then the "Open account" item:
4. A registration window will appear in front of you, all fields of which must be filled in with the requested information. Below is an example of filling in the fields for opening a demo account. You choose the desired type of account and the amount of the deposit in US dollars, which will be credited to the practice account as a virtual one. On it you will learn to trade.
5. After filling in all the required fields in the account registration window, selecting the desired parameters and checking the box next to "Receive news by email", click on the active button "Next >", then continue. At the end of registration, in a pop-up window, you will have all the data of your demo account (account number and necessary passwords). Remember or save this information.
You have the right to open an unlimited number of demo accounts. This is done so that you can work out new methods of working with the trading terminal and test new strategies for successful earnings together with InstaForex!
