FXGlobe offers a demo account for first time traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
FXGlobe at a glance
| 🔍 Broker’s Name | FXGlobe |
| 📍 Headquartered | Limassol, Cyprus |
| 📅 Year Founded | 2009 |
| ⚖️ Regulating Authorities | Cyprus Securities and Exchange Commission (CySEC), CONSOB, BaFin, Markets in Financial Instruments Directive (MiFID) and MFSA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 🚀 Sign up bonus | No |
| 📈 Maximum Leverage | 1:300 |
| 💰 Minimum Deposit | $250/R6000 |
| 💳 Deposit Options | Bank Wire, VISA, MasterCard, Bitcoin, DotPay, FasaPay, Neteller, Skrill |
| 💳 Withdrawal Options | Bank Wire, VISA, MasterCard, Neteller, Skrill |
| 💻 Platform Types | MT4, WebTrader |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad |
| 📈 Tradable assets offered | Currencies: (50+) Cryptocurrencies: (3) Bitcoin, Litecoin, Ethereum CFD: (40+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
| 👨💼 Languages supported on Website | English, Français, Italiano, Polski, Deutsch, Čeština, Español, Indonesia, Thai, Arabic, Malay, Português |
| 👥 Customer Support Languages | English, Français, Italiano, Polski, Deutsch, Čeština, Español, Indonesia, Thai, Arabic, Malay, Português |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | Click Here |
Choose your quick section of our FXGlobe Demo Account below.
FXGlobe Demo account – 6 key points quick overview:
How to set up a FXGlobe Demo Account – Step by Step- FXGlobe Demo Account Features
- FXGlobe Pros and Cons
- FXGlobe Customer Reviews
- Conclusion
- Frequently Asked Questions
Here is an overview of the FXGlobe Demo Account as well as the features that are offered.
How to set up a FXGlobe Demo Account – Step by Step
To register for, and set up a demo account with FXGlobe, traders must visit the website and follow the simple steps indicated. New accounts are applied for online and processed according to established industry standards.
You can open live account or demo account (also called practice account) from start to finish on the FXGlobe website and choose to open a demo account first. Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency.
FXGlobe accounts can be opened in USD and other currencies, although these are not listed clearly on the website. An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step.
Note that this ‘Know Your Client (KYC) process, may only be necessary once you decide to move forward and work with real money.
Follow these steps to open an account:
Step 1 : Go to the FAQ’s
Navigate to the FXGlobe website and go to the FAQ section and scroll down to the Account questions.
Step 2 : Select the demo account option.
Select the “open your demo account now”.
Step 3 : Fill out the form
Fill in the online registration form providing your full name, email address, telephone number, and country of origin.
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Beginner traders can use a demo account to get acquainted with the live trading environment, where they can actively participate in trades and develop their own strategies. Demo accounts are not intended for beginners only but provide more advanced traders an opportunity to explore what FXGlobe has to offer.
FXGlobe Demo Account Features
FXGlobe’ demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading.
Due to this, traders cannot withdraw any profits which are made on the demo account.
FXGlobe Pros and Cons
| ✔️ Pros | ❌ Cons |
| Bonuses and promotions available | Demo account expires if not used for 30 days |
| Demo Account can be opened | Does not offer VPS |
| Holding company established in 2009 already | Limited range of instruments to trade |
| MetaTrader4 platform provided | No Swap-free or Islamic account available |
| Regulated by CySEC | |
| Segregate’s client funds in top tier accounts |
FXGlobe Customer Reviews
Good
Great company, good market.
Excellent brokerage firm
Excellent brokerage firm. Tons of support and the best training I’ve ever received when it comes to trading the NASDAQ. Really personable brokers, they make you feel a part of the team.
Everything about fxglobe quick and reliable
Everything about fxglobe quick
Conclusion
FXGlobe offers a demo account for first time traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
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Frequently Asked Questions
Can I open a demo account with FXGlobe?
Yes, FXGlobe offers a free demo account for traders who want to practice their trading skills and test out the FXGlobe trading platforms without risking any real money. The demo account is designed to simulate real market conditions and allows traders to explore the features and tools available on the trading platform.
How long can I use the FXGlobe demo account?
The duration of the FXGlobe demo account may vary depending on the trader’s location and the account type. In some cases, traders may be able to use the demo account for an unlimited period of time, while in other cases, there may be time limits or other restrictions.
Can I switch from a demo account to a live account with FXGlobe?
Yes, traders can switch from a demo account to a live account with FXGlobe at any time. Once traders feel comfortable with their trading skills and are ready to start trading with real money, they can open a live account with FXGlobe and begin trading in the real markets.
Are there any limitations to using a demo account with FXGlobe?
Traders should be aware that there may be certain limitations or differences between the demo account and the live trading account. For example, the demo account may not simulate all market conditions, and the pricing and execution of trades may differ from that of the live account.
Featured SA Shares Writer and Forex Analyst.
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