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What is MT5 & a demo account?

MT5 is anall-in-one trading platform, catering to a wide range of markets, including Forex (think currency pairs such as the EUR/USD and GBP/USD) and several other CFD products. A demo account allows traders to familiarise themselves with a trading platform’s functionalities, a high-risk activity to engage in on a live trading account.

What is a MetaTrader 5 demo account?

Offered for free by a trading provider, a MetaTrader 5 (MT5) demo account provides asimulated trading environment, tasked with the mission of emulating a live trading setting as closely as possible. It is a practice account funded with virtual money, representing a stepping stone into trading. What is a Live Account?

How to start trading on MT5 demo account?

To get started with an MT5 demo account, you should choose a trading server and select registration data. After opening the account, the MT5 platform will automatically connect to the server. You are now set to start trading on the platform. As noted earlier, you can execute trades on your MetaTrader demo account without risking real bucks.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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