MetaTrader 5 iPhone/iPad Help

Opening a Demo Account

Opening a Demo Account

In the MetaTrader 5 for iPhone you can work with two types of accounts: demonstration (demo) and real. Demo accounts provide the opportunity to work in a training mode without real money, allowing to test a trading strategy. They feature all the same functionality as the live ones. The difference is that demo accounts can be opened without any investment and, therefore, one cannot expect to profit from them.

To start opening a demo account, tap New Account on the account management page. Next, select "Open Demo Account".

Click on "Start without registration" in order to quickly open a demo account without entering personal details. The new account will be instantly opened and connected. Your login and password will be sent to the internal mailbox.

New Account

Select a Server

Select a Server

At this stage, you select a server (a brokerage firm), on which the demo account will be opened. By default, the list does not display all available servers.

In order to find the server of your broker, start typing its name into the search bar.

  • Search results are displayed after you type three characters.
  • Contact your broker to know the server name.

To select a found server, tap on its line.

Account Parameters

Specify the following account parameters on this stage:

  • Name – the full name of the user, no less than eight characters long.
  • Phone – contact phone number in an international format. For example, +74951234567.
  • E-mail – e-mail address, for example: "john@smith.com".
  • Use hedging – enable the option to open an account with the hedging option enabled, which implies having multiple open positions of the same financial instrument, including positions in the opposite or dame direction. Otherwise, an account with the netting position accounting system will be opened for you. Type of account that are available to you depend on the option.
  • Account type – select the type of account.
  • Leverage – ratio between borrowed and owned funds for trading.
  • Deposit – the initial deposit in the basic currency.

To open an account, tap the "Register" button at the top of the window.

Account Parameters

Completion of Account Registration

Completion of Account Registration

After some time a new demo account will be allocated to you. Its parameters will be displayed as shown above.

  • Login – the number of the opened account.
  • Password – a password to access the account. This is a master password, which allows trading from this account.
  • Investor – investor password. The password allows connecting to the account to view its state and analyze price dynamics, but it does not allow trading.
  • If you have any problems with registration, please contact your broker's technical support team.
  • If extended authorization mode is used for demo accounts, a special security certificate will automatically be generated and installed when opening an account. More information can be found in "Extended authorization".

Using the "Copy to clipboard" button, you can copy the parameters of the opened account to clipboard in order to save them in any other application.

To complete the account opening process and connect to it, tap "Done" at the top of the window.