A demo account is connected to a live trading platform so that traders can gain access to accurate, live market conditions and make trades as they would on live accounts. However, demo accounts come with simulated funds which traders can use instead of making deposits of real money, making demo trading entirely risk-free.

If you’re interested in trying out our trading conditions, a demo trading account is perfect for you.

1. Sign up for an Alchemy Markets account for free.
2. Log in to your dashboard.
3. Click on “New Demo” to generate a new demo trading account.
3. Check your email for your login details.

Demo accounts and live accounts are not the same. Though they both accommodate trading in live markets with complete access to platform tools and features, the key difference is that traders on demo accounts use simulated funds while traders on live accounts have to deposit real money before they can make trades.

Therefore, demo accounts are considered risk-free while live accounts are not. At the same time, profits accumulated in demo accounts cannot be converted into real money, while profits made in live trading are real and can be kept by the trader after commissions.

Our demo accounts have access to all the same markets and price feeds a Standard, Classic, and Premier account does. The only difference is that trading results from a Demo Account will not have any impact on your real finances. A demo account also does not have access to raw spreads, which is only available to VIP account holders on Alchemy Markets.

Demo accounts are real in the sense that they grant traders access to live trading platforms so they can follow live market conditions. They are also designed to offer real-time price feeds and they provide the same functionalities and features traders would find with live accounts.

However, traders on our demo trading accounts should understand that simulated trades may not be subject to slippage, interest and dividend adjustments, margin calls due to insufficient funds, and other features. Therefore, traders should be aware of the full terms of our live accounts before opening one. You can find more information on our Customer Service Agreement at the footer of our website under Documents.

No. Trades are executed with simulated funds on a demo account instead of real money. Therefore, any profits accumulated in a demo account are virtual and cannot be converted into real money.

Absolutely. You can use Expert Advisors (EA) alongside technical analysis tools and trading signals on the MT4 or MT5 demo platform when you trade on a demo account with us. You can also run automated strategies through our own Alchemy Markets Virtual Private Server (VPS) 24/7.

No, you cannot change a Demo Account into a live trading account.

First, log in and create a ‘New Demo’ account in your Alchemy Markets dashboard. Next, download the MT5 App from the dashboard and log in with your MT5 credentials.

You can open a demo account and a live account without any KYC verification. To make your first deposit or withdrawal, our KYC process will request the following documents:

• Scan of Personal ID and Selfie
• Proof of Address (Bank Statement, Credit Card Statement, Utility Bills, Tax Documents)