The Forex market is an exciting, but challenging place. If you’re a new trader, it can be a bit hard to get to know all the ins and outs of the market and your broker at the same time. Dukascopy is a Swiss bank, founded in 2004 in Geneva, and they specialize in trading on the Forex market alongside several other markets. Well known and trusted among Forex traders, Dukascopy caters to newer users with its Dukascopy demo account option. This option will be the focus of this article, so read on to see how it can help you.
Dukascopy Demo Account | The basics
Demo accounts are virtual accounts which allow you to trade in previous versions of the Forex market without investing any real money. They’re fed data from the actual history of the real Forex market, ensuring that this virtual market is a living thing. It grows, it changes, trends shift, just like on the real market. Using Dukascopy demo account, you can try out various ideas and investments and gain valuable knowledge and insight into the Forex market without risking losing any of your actual money. Everything is virtual and perfectly safe!
Dukascopy Demo Account | Dukascopy itself
The Dukascopy demo account is Dukascopy’s edition of the various Forex demo accounts available. Dukascopy demo account bases their Forex market history on the Swiss Forex marketplace, known as the SWFX, and you can learn more about Dukascopy itself in our detailed Dukascopy Review 2016. For now, we will simply say that a demo account can be opened with Dukascopy without a fee, for a trial period of 14 days. Let us explain how.
Dukascopy Demo Account | Getting your own Dukascopy demo account
Opening your Dukascopy demo account is easy. All you need to do is complete the Dukascopy Login. You simply fill out a form, which is located on the official Dukascopy website, with your information and enter your e-mail. You’ll receive an e-mail with your account information and then all you have to do is enter your desired account balance and leverages and start trading. You’ll get to know the SWFX like the palm of your hand. The SWFX ensures that all traders have equal rights in liquidity and trade prices. The trades of your demo account will happen instantly, as this account type features instant execution, due to the already known SWFX information for that period. You can even chose how secure your funds will be and change the amount of your spreads, starting from 0.1!
Dukascopy Demo Account | Conclusion
Dukascopy demo account is great for newcomers to the Forex market. Testing your ideas in a safe, controlled environment is crucial if you want to get to know the market thoroughly. You’ll gain valuable experience which can be used for your real trades in the future. Logging into the actual market after you’re done with the demo account is done effortlessly, so you can easily switch between the two. Demo accounts will help maximize your profits and minimize the risks of trading. They’re also a great test opportunity for more experienced traders. So fill out the Dukascopy form and get a Dukascopy demo account for yourself now!