FP Markets Demo Account
Overall, FP Markets offers a demo account option on all its retail investor accounts. FP Markets is considered a trustworthy broker with FP Markets has over 70 000 active Botswana traders and has a verified trust score of 81% out of 100.
Demo Account Overview
Demo Account Features
Pros and Cons
100 USD/1 229 BWP
ASIC, CySEC, FSCA
MetaTrader 4, MetaTrader 5
Account Activation Time
How to set up a Demo Account – Step by Step
👉 Step 1 – Select the try demo option.
➡️ Navigate to the demo account registration portal by selecting “Try a Demo” from the dropdown sheet on the homepage of the broker’s website.
👉 Step 2 – Fill out the form.
➡️ Provide your personal details on the registration page. These will include your full name, contact number, country of residence, and email address.
👉 Step 3 – Select a trading platform
➡️ Select your preferred trading platform. Users can choose between MetaTrader 4 or Press.
👉 Step 4 – Create a password
➡️ Create and confirm your password.
👉 Step 5 – Choose your account type and currency.
➡️ Select the account type for which you would like to create the demo version and your preferred account currency.
👉 Step 6 – Click “Save and Next”
➡️ Click “Save and Next” to process to the second step, which is to download and install the trading platform.
👉 Step 7 – Complete the form
➡️ After this step has been completed, you will be sent the full login details for your demo account.
FP Markets Demo Account Features
👉 FP Markets provides a sample account with 100,000 virtual money in the base currency of your choice. Demo accounts with FP Markets will not expire until they are idle for more than 30 days.
👉 FP Markets provides Botswanans with access to the education section and market analysis, both of which are accessible in both article and video format. Customer assistance is accessible 24 hours a day, seven days a week, and FP Markets is renowned for its technical and trading support.
FP Markets Botswana Pros and Cons
|✔️ Pros||❌ Cons|
|Botswanans can register a practice account with FP Markets in under a minute and start trading||If Botswanans do not actively use the demo account, it will expire, and they must register another to continue practicing trading|
|Botswanans can choose MT4 through which to use the demo account|
|The solutions offered by FP Markets are ideal for beginners|
|The practice account is available for an unlimited time|
|FP Markets offers several tools and resources for beginners who are learning to trade|
Verdict on FP Markets
👉 Overall, FP Markets is very competitive in terms of its trading fees and spreads.
Which FP Market retail accounts could I demo?
Any of the live trading accounts that FP Markets offers are available to you.
How long am I permitted to use the FP Markets demo account?
If you use the demo account regularly, it is available indefinitely. However, the account will be terminated if you let it become inactive.
Is FP Markets suitable for inexperienced traders?
Beginner traders in Botswana are safe to use FP Markets as their broker. In addition, FP Markets provides various helpful instructional resources, including trading course videos, podcasts, platform-specific video lessons, eBooks, webinars, and events.
Can I use my phone to access the FP Markets demo?
FP Markets provides MT4, MT5, and an iOS and Android-compatible FP Markets mobile app.
How much virtual money am I given when I sign up for the FP Markets demo?
You are granted a virtual bankroll of 100,000 USD, which is reloadable at any moment.
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.