Weltrade Demo Account: Trade Risk-Free with Virtual Funds
The Weltrade demo account is beneficial for both beginners
and experienced traders. Learn about the financial sphere, refine your strategies, and gain confidence in a risk-free environment without financial investments.
and experienced traders. Learn about the financial sphere, refine your strategies, and gain confidence in a risk-free environment without financial investments.
Updated 05.03.2024
What is Weltrade demo account?
The Weltrade demo account is a virtual account for practicing financial market trading.
It allows users to learn without risking real funds, making it ideal for beginners to get acquainted with trading.
It allows users to learn without risking real funds, making it ideal for beginners to get acquainted with trading.
Email
- Navigate to Weltrade's homepage then select "Open Demo Account."
- Type email here, create a password, and choose the country you live in.
- Check inbox for Weltrade's activation link and click it.
- You'll be redirected to start using the demo platform.
Facebook
- Go to Weltrade's Facebook page and click
- Send a message requesting a demo account.
- Weltrade will reply with an enrollment link.
- Follow steps to enter email, password, and country.
Google
- Google "Weltrade open demo account" and click the "Sign Up" link.
- Put email in, create a password, pick country, and press "Create An Account".
- Check your message inbox. for activation link from Weltrade and click it.
- You'll be taken to the demo platform to start using it.
LINE
- Add Weltrade's official LINE account.
- Message the bot you want a demo account.
- The bot will send a The URL for signup.
- Pay attention guidelines to create a password.
- Now you are able to to the Weltrade demo on LINE.
How to log in to the demo account?
- Go to the website.
- Log in to your account using the usual method
- Navigate to the account profile.
- Click on the "Open Account" button.
- Choose "Demo."
- Click on the "Open Account" button.
How do I log out of the demo account?
To exit the demo account, log in to the trading platform, go to account settings, find the logout
or switch accounts option, and confirm the logout.
or switch accounts option, and confirm the logout.
How does the Weltrade demo account work?
The demo account is created for risk-free trading and better adaptation in the financial sphere. Thanks to the demo account, you can fully explore the platform and its features, as well as enhance your trading skills.
Interface
Weltrade provides a user-friendly interface for forex trading. In your personal account, manage accounts, monitor transactions, and trade various assets. The main menu includes sections such as "Account," "Trading," "Promotions," "Partners," and "Platforms."
- Account: Manage accounts and view transactions.
- Trading: Access various financial instruments.
- Promotions: Information about current promotions and bonuses.
- Partners: Opportunities for collaboration.
Assets
- Currency Pairs (Forex): Trading major and minor currency pairs like EUR/USD, GBP/JPY, etc.
- Commodities: Trading on price changes of commodities such as gold, silver, oil, and others.
- Indices: Trading financial indices reflecting changes in various markets, e.g., S&P 500, Dow Jones, NASDAQ.
- Stocks: Investing in stocks of companies listed on different stock markets.
- Cryptocurrencies: Trading various cryptocurrencies like Bitcoin, Ethereum, Ripple, and others.
- Bonds and Other Instruments: In some cases, brokers may offer access to bonds and other financial instruments.
Charts
Indicators
Trading Terminals
Mobile App
Order Types
Market Order:
Buying/selling at the current market price.
Pending Order:
Buy Stop: Buying above the current market price.
Sell Stop: Selling below the current market price.
Buy Limit: Buying below the current market price.
Sell Limit: Selling above the current market price.
Stop-Loss:
Automatic sell order to limit losses.
Take Profit:
Automatic sell order to lock in profits.
Trailing Stop:
Dynamic stop-loss that follows changes in price.
Buying/selling at the current market price.
Pending Order:
Buy Stop: Buying above the current market price.
Sell Stop: Selling below the current market price.
Buy Limit: Buying below the current market price.
Sell Limit: Selling above the current market price.
Stop-Loss:
Automatic sell order to limit losses.
Take Profit:
Automatic sell order to lock in profits.
Trailing Stop:
Dynamic stop-loss that follows changes in price.
Features and limitations:
Features:
- Free of Charge
- Virtual Funds
- Trading on Real Markets
- Learning and Practice
- Access to Various Assets
- Limited Validity Period
- Non-transferable to Real Accoun
- Lack of Risk and Emotions
- Limited Fund Volume
- Unrepresentative Market Conditions
How to trade on the demo account?
Use the real-time demo account to practice and familiarize yourself with the platform without risking your finances. Before starting actual trades, decide on the instruments and strategies you want to use. Choose the types of commodities or stocks you want to explore. Once you've made these decisions, you can proceed to demo trading, relying on the educational materials provided by our platform.
How to delete a demo account?
Deleting a demo account on Weltrade may depend on the specific features and interface of the broker. Usually, this option is not provided since demo accounts are intended for practice. If deletion is necessary, it is recommended to contact Weltrade support for precise instructions.
Weltrade demo contests
Brokers periodically offer various promotions and events, including demo contests. To obtain up-to-date information about demo contests on Weltrade, it is recommended to visit the official website.
How to take part in the contest
- 1Visit the official website and log in to your account.
- 2Navigate to the promotions/contests page.
- 3Familiarize yourself with the rules.
- 4Highlight it with a mouse click.
- 5Monitor the results after the contest concludes.
The Pros and Cons of the Weltrade Demo Account:
Pros:
Cons:
Training and Education
Lack of Emotional Element
Familiarization with the Platform
Incomplete Real Experience
Testing Strategies
Limited Access to Markets
Understanding the Market
Unaccounted Liquidity Factors
FAQ
Does Weltrade have a demo account?
Yes, the broker has a demo account for your convenience to familiarize yourself with the platform and hone your skills.
Is demo trading safe?
The demo account is completely secure as it is based on a virtual environment with virtual funds,
so you don't incur any financial costs.
so you don't incur any financial costs.
Why use a Weltrade practice account?
Using the Weltrade Practice demo account allows traders to practice on the platform, test strategies,
and develop skills without the risk of losing real funds.
and develop skills without the risk of losing real funds.
Can the Weltrade Demo Account be used for testing strategies?
Yes, the Weltrade demo account is specifically designed for testing strategies. It provides traders with the opportunity
to conduct educational trades, try out different strategies, and refine their skills without financial risks.
to conduct educational trades, try out different strategies, and refine their skills without financial risks.
Is Weltrade demo account free?
Yes, the Weltrade demo account is free of charge.
How long does a Weltrades demo account last?
The Weltrade demo account has no time limitations.
What's the difference between a Real and a Demo account?
The key difference between live and demo accounts is that the former involves real financial transactions,
while the latter operates in a simulated environment.
while the latter operates in a simulated environment.
How to switch from a Demo to a Real account?
- Register a real account and provide the necessary information.
- Fund your real account using the available payment methods.
- Switch your account to real in your personal cabinet.
- To undergo the verification stage, that is, to confirm your identity, you need to attach documents, either a driver's license or an ID card.
- Trade on the real market using real funds.
Is demo account same as real account Forex?
Both accounts allow you to trade on the Forex market, but on the demo account, you trade with virtual funds,
while on the real account, you use real funds.
while on the real account, you use real funds.