Demo Account Opening

The MetaTrader 5 app for iPhone supports 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 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.

Tap on the desired server line and then tap "Demo 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.
• Mobile – mobile phone number in 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 – enable this option to open an account with the hedging position accounting system, which allows having multiple open positions of the same symbol simultaneously, including positions in opposite directions. 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 broker.
• Account Type – select the type of accounts supported by the broker.
• Leverage – ratio between borrowed and owned funds for trading.
• Deposit – initial deposit in the basic currency.

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

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 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.

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 procedure and to connect to the newly created account, tap "Start" at the bottom of the screen.