Opening a Demo Account

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 users 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 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 you want to open a demo account. Tap on a server line in order to select it.

Account Parameters

Specify the following account parameters:

• 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 – the ratio between borrowed and owned capital for trading.
• Deposit – the 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 login 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.

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

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