Master, I have a question about demo accounts. In demo accounts, we can trade with virtual money. If it runs out, can it be replenished? I know there are brokers who can provide additional virtual money in demo accounts, like Instaforex. Is this available in all brokers or only in specific brokers? If it's not available in all brokers, can you mention other than Instaforex, which brokers offer this feature?
For Ochmi...
Not only Instaforex, almost all brokers provide demo account services. If the virtual funds in the demo account run out, you can open a new demo account again. You can fill the funds as you like. You can open as many demo accounts as possible on MT4, at any broker.
To open a demo account based on MT4, you can first install MT4, then click File, then open demo account to fill in the data. For those based on a web browser it's the same. For example, the webtrader from FXOpen can be opened here.
Thanks
@ Ochmi:
For top-up (adding virtual funds to a demo account) which is of course free, besides InstaForex are:
- FBS
- XM
- Tickmill
- FXTM
- Exness
- IC Markets
- FXPro
- RoboForex
- Admiral Markets
- Grand Capital
@ Iwan:
It's not borrowed money, but virtual or pretend money. It's only for practice or demo purposes, so of course it cannot be withdrawn as cash..
@Dila
You don't need to replace it, sis, it's just play money. That was already explained by master @Martin that the money is just virtual, meaning it's just for fun. It can't be cashed out, and there's no need for compensation if it runs out.
@Indra: It's okay, the account will be deactivated by the system after a period of inactivity (usually 1 - 3 months).
Sir, how much money do you need to top up your ATM card to create an Olymp Trade account, for a beginner?
@Ajeng: The minimum deposit limit for olymptrade is $10 or Rp142,300,- with an exchange rate of Rp14,230/USD today (3/3/2020).
Therefore, you can top up your ATM card with Rp150,000 to deposit $10 into your olymptrade account.