JustForex Demo Account
In this article
If you are not sure whether you can be a successful trader on the JustForex platform or not, then choosing the JustForex demo account is the best option to pick right now. Almost every single broker offers access to a demo account for the convenience of a new trader.
JustForex is a well-known retail FX & CFD broker where it offers two different types of trading platforms, i.e., MT4 and MT5. In addition, this online brokerage also caters to different trading styles such as scalping and hedging.
Demo Account Reviews
JustForex is available with a service of demo account in which it offers more than $5 million in credit. As a result, users can quickly test with great trading strategies within a real market condition without losing or fearing risk.
Once you have opened your demo account and received the credentials, you can test the MT4 and MT5 platforms on different account types. For example, a trader can open their live trading account once they are ready to do real market trading.
Main reasons to open JustForex demo account
A trader should create a demo account for:
Reason no 1: Developing a new trading style
A beginner can learn new strategies and look for the best trading tools with more than $5,000,000 credit.
Reason no 2: Move into trading without any hurdle
Another reason to choose a demo account is to move into trading without any complexity and hurdles. Using a demo account allows you to test trading strategies and powers before you enter a real market.
Reason no 3: Get in touch with expert advisors
You can take guidance from expert advisors in keeping yourself in a dedicated risk-free environment.
Reason no 4: Trade with various Forex instruments
In addition, a demo account allows you to trade with different instruments without any restrictions. Never limit yourself to USD/EUR. You can often trade with a maximum of 80 trading instruments.
How to open a JustForex demo account? A Beginner Tutorial Guide
To open a JustForex demo account, you have to follow the below-mentioned steps very carefully:
- You can only open your demo accounts from the Back Office, for which you have to log into the Back Office. If you do not have an account, simply sign-up.
- Click the option of “my accounts” located at the left sidebar.
- Pick any one of the trading platforms, i.e., “New MT4 Demo Account or the New MT5 Demo Account”.
- Select with the account type.
- Pick the account currency in which you want to start trading.
- Choose the leverage ratio. You have to choose the same leverage which you are about to use for your real-money account.
- Now enter the preferred virtual balance.
- Create a strong password.
- At last, click the option “open account
JustForex MT5 demo account types
|Account currency: USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR||Account currency: USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR||Account currency: USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR|
|Leverage: 1:2000||Leverage: 1:2000||Leverage: 1:2000|
|Spread: 0.3||Spread: 0.1||Spread: 0|
JustForex MT4 demo account types
|Standard Cent||Standard||Pro||Raw Speed|
|Account currency: USC||Account currency: USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR||Account currency: USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR||Account currency: USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR|
|Leverage: 1:1000||Leverage: 1:2000||Leverage: 1:2000||Leverage: 1:2000|
|Spread: 0.3||Spread: 0.3||Spread: 0.1||Spread: 0|
What are MT4 & MT5 trading platforms?
1. MetaTrader 4
Both beginners and professional clients can start trading with the most popular MT4 platform, famous for trading in a forex market. MT4 dashboard is available with 30 technical indicators with advanced charting functionality and has nine timeframes.
You can also receive automated trading with some other tools for real-time market analysis. This user-friendly best trading platform is excellent for beginner traders.
JustForex has just recently launched the new MT4 server known as JustForex-Live2 for expanding the technical capacity.
2. MetaTrader 5
Next, we have an MT5 trading platform with an improved trading experience. Again, for professional traders, this platform is highly recommended.
The main dashboard of the MT5 platform is available with 39 technical indicators with 44 graphical objects, one-click trading, 21 timeframes, an economic calendar, and the built-in depth of market widgets.
Based on your individual needs, a user can also customize or upgrade the MT5 dashboard. Availability of MQL5 Signal Trading is supporting social investing on both trading platforms.
Which trading instruments are available for the JustForex demo account?
JustForex is available with more than 170 trading instruments and multiple assets. As a new trader, you can use:
- Forex – Based on 65 major, exotic currency or minor currency pairs such as EURUSD, USDZAR or GBPUSD
- Cryptocurrencies – Having 7 cryptocurrencies such as Ripple, Bitcoin or Ethereum
- Futures – Included with 25 futures such as NAS100 Future or the Crude Oil Brent Futures
- Index – Trade with 11 indices such as NASDAQ 100, or S&P 500 and FTSE 100
- Energies – Has 2 energies such as Brent Crude Oil and the WTI Light Crude Oil
- Stocks – With 65 shares of Facebook, Apple, or Hilton Worldwide
- Metals – 8 different metals of gold and silver
Is trading with a demo account free & safe?
Trading with the JustForex demo account is entirely free. You don’t need to pay a single penny to start your trading journey.
Trading with a demo account is safe in the sense that it does not involve any real money. All you will be trading on is virtual money. Therefore, the chances of facing risk will reduce to a certain extent.
Different assumptions have been made regarding the JustForex demo account, but let us clear your mind that opening a demo account is entirely free of cost. No single penny is involved. It does not include any spread, commission, or withdrawal/deposit charges.
If you want to be a professional trader in the forex market and learn some new trading skills, then without a single delay, create a JustForex demo account.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst