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 on the account management page. Next, select "Open a personal demo account".

Select a server

At this stage, you select a server (a brokerage firm), on which the demo account will be opened. To select a server, tap on its line.

Account Parameters

Specify the following account parameters here:

• 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 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.

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.

• 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 "Done" at the bottom of the window.

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