MetaTrader 5 Android Help

MetaTrader 5 Android HelpAccountsDemo Account Opening

Demo Account Opening

In the MetaTrader 5 mobile platform for Android 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 have the same functionality as the real ones. The difference is that demo accounts can be opened without any investment and, therefore, one cannot expect to profit from them.

To open a demo account, tap Open an account on the account management page. Next, select the server (brokerage company) on which you wish to open a demo account.

By default, the list does not display all available servers. To find the desired broker server, 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.

Tap on the desired server line and then tap "Demo account".

Select a server New Account

Account Parameters

Specify the following account parameters here:

  • First Name, Last Name – the full name of the user, consisting of at least eight characters.
  • Phone – contact phone number in an international format. For example, +496912345678. Please be sure to indicate your mobile phone number. Landline phone numbers are not accepted.
  • E-mail – e-mail address, for example: "john@smith.com".
  • Use hedge in trading – use this option to open an account with the hedging position management system, which allows having multiple positions of a financial instrument at a time, both in the same and opposite direction. Otherwise, an account with the netting position accounting system will be opened for you. Types of account that are available to you depend on the option.
  • Account type – select the type of account.
  • Leverage – the ratio between borrowed and owned capital for trading.
  • Deposit – initial deposit in the basic currency.

Account Parameters

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

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.

  • First Name, Last Name – the name of the account owner.
  • Account type – the type of the account and the leverage value.
  • Deposit – the initial deposit.
  • Login – the number of the opened account.
  • Password – a password to access the account. This is a master password, which allows to perform trade operations on this account.
  • Investor – investor password. It allows you to connect using this account, view its state and analyze price dynamics, but it does not allow trading.

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

Tap Copy to Clipboard to copy the parameters of the opened account to clipboard in order to save them in any other application.

  • If you have any problems with registration, please contact the broker's technical support team.
  • If extended authorization mode is used for demo accounts, a special security certificate will be automatically generated and installed when opening an account. More information can be found in "Extended authentication".