Demo Account Guide
Demo Account Guide
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Something Wrong On Axitrader Demo Account


Moosha Bin Kaamil

Jan 7 2020 04:03

I have tried an open demo account on Aussie AxiTrader, but I got a phone called by Malaysian Customer Service. What's going on here? Is Axitrader wants to fool the customer?


Daniel Robson

Jan 9 2020 02:20

No, that's normal. Forex broker used to have branches in several countries. They will call the client based on the language you used. 


Chan Vichet

Jan 12 2020 09:41

How do I start investing? I'm still unfamiliar with this. what benefits can I get from a demo account?


Daniel Robson

Jan 14 2020 10:04

@Chan Vichet, In the world of trading and investment, knowledge, skills, and experience are the main capital, not money. Thus, traders and investors must have sufficient knowledge, skills, and experience to really survive and profit in the market consistently. Generating consistent profit and profit are 2 different things.

However, you need to know, if trading is done by instinct, even a newbie trader can have the opportunity to profit up to $ 100 to $ 500 or $ 200 to $ 2,000. But unfortunately, this doesn't last long, why? The risk of bankruptcy is also large. "Profit (reward) is directly proportional to the risk (risk)".

Therefore, a demo account is very necessary. The demo account is for traders who are not ready to jump into a real account. The goal is that when they enter their real accounts they are not "battered" by the market. It's better to be battered on a demo account than battered with real money. But there are also those who think that the demo account is not good because it does not provide real trading experience, all back to each individual how to treat his trading. There are 2 advantages that you can get from a demo account:

  • Know the characteristics of the currency being traded without the risk of losing money
  • Test the trading system you use without risking losing money

If you do the 2 things above on a real account, chances are that you will lose because you are not ready.


Chan Vichet

Jan 18 2020 10:37

@Daniel Robson, What brokers provide demo accounts in the conditions most similar to market conditions?


Daniel Robson

Jan 19 2020 10:39

@Chan Vichet, All brokers provide demo accounts that are very similar to market conditions or real market spot forex prices. I took this conclusion after trying out demo and real accounts of more than 20 brokers, both local and foreign brokers, to see the different platforms used. You could say, almost all of them are the same in terms of price. What distinguishes the most is the broker's spread and commission, because these two points are the rights of each broker.