Demo accounts are usually used in three cases:
- If you are a beginner and want to learn basics of trading on financial markets without risking to lose your own money.
- When you want to test the conditions provided by the brokerage company before opening a real account.
- In case of testing your new trading strategy or EA.
After performing all necessary operations on a Demo account, you can start trading on a real account.
Trading conditions on RoboForex demo and real trading accounts correspond in the following way:
- Demo ECN (MT4) - Prime
- Demo (MT5) - ECN
- Demo Pro - Pro