Opening a demo account will give you many opportunities to get to know forex market conditions, learn about existing opportunities, and test new trading strategies.

So, the advantage of this demo account is that it allows you to explore the market without needing to prepare real capital first. However, it should be noted carefully that all profits and losses that you make by trading on a demo account will only be virtual, i.e. not real.

If you want to try demo trading, LiteFinance provides this facility with an easy registration guide with only 3 steps as follows:

1. Go to LiteFinance website and click "Registration" in the top right corner.
   
   
   
   

2. When a new window opens, enter your e-mail address or telephone number and password. The good news is that demo mode in LiteFinance is available without further registration.
   
   However, if you close page, your trading history will not be saved after the page is closed. So, it's better to register.
   
   

3. After completing registration on LiteFinance, you will have a personal retail CFD account. All tools will be available in the left panel. Activate "Demo Trading" mode in the top right corner. Then, move to the "Trading" menu in the right menu, open the forex chart you want, and start practicing!

How to Open Multiple LiteForex Demo Accounts

LiteFinance really understands traders' needs for a demo account. To facilitate these needs, this CySEC regulated broker allows you to open more than one demo account at a time.

By opening multiple demo accounts, you can test several transactions at once. For example, you trade EUR/USD on one account, and trade USD/JPY on another account.

Here's how to add a new demo account on LiteForex:

1. Go to the MetaTrader menu on LiteFinance's client area, then click the "Open Account" button.
   
   
   
2. Choose leverage, initial deposit, and platform if you plan to trade forex on one of the versions of MetaTrader. If so, click "Open Demo Account".
   

LiteFinance Broker provides Cent, Classic and ECN live accounts. However, for demo accounts only Classic/Cent type accounts will be available. Now after studying the above guide, you can open a LiteForex demo account and explore the market without any real risk.