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Q1) Does City Index provide forex demo trading accounts?
Yes. You can apply for a demo account via our online form. It's possible to open a demo account for both Advantage Web and MT4. Features of a City Index MT4 demo account include:
- 12 weeks usage
- SGD 20,000 virtual funds
- Same list of currency pairs as the live account
- Default leverage of 50:1
- Real-time live prices.
Once your trial period of 12 weeks has expired or your virtual capital has been used up, you can reapply for a new demo account. Please note, all your previous account settings and history will be reset to default.
Q2) Can I renew my demo trading account?
Yes. If your 12 weeks have expired or the virtual capital in your demo account has been used up, you're welcome to re-apply for another demo account. All previous account history will be reset. Apply for a demo account.
Q3) What is the difference between a demo and a live trading account?
The primary difference is that no capital is at risk when you trade on a demo account. A City Index forex demo account features real-time quotes and charts, along with all the basic trading tools and much of the information you'll have access to as an City Index forex customer - including all order types. Results achieved in a demo account are hypothetical and no representation is made that any account will (or is likely to) achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. For the MT4 demo you are able to view a small selection of live prices. If you do try to place a trade on the MT4 demo, you will be directed to the account opening page.
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