InstaForex is an experienced global broker that has been operating since 2007. This broker has two licenses, namely FSC (BVI) and FSA (SVG).

InstaForex offers more than 100 forex pairs for trading, along with other financial assets such as stocks, commodities, CFDs and cryptocurrencies.

This broker also offers many types of accounts, one of which is a demo account. A demo account allows you to trade like on a real market, but not using real money.

You do not need to make a deposit on a demo account. You will be given a certain amount of virtual capital by InstaForex to use for trading. All tools and facilities are also similar to real accounts. However, if you make a profit, you cannot withdraw. Likewise, when you lose, you don't lose anything.

Demo accounts are often used by novice traders to learn trading before moving to a real account where they play with real money. Not only that, professional traders also often use demo accounts to test new strategies before actually executing them on the market.

Follow the steps below to open a demo account at InstaForex:

1. Go to InstaForex official site. Click "Open Demo Account".
   
   
   
   
2. Fill in your name, email address, telephone number where you can be contacted, country of origin, account currency, and the amount of virtual money you want.
   
   
   There are several virtual money options for InstaForex demo accounts, ranging from 100, 500, 1000, up to 50,000. You can use this virtual money for trading on a demo account, but cannot be withdrawn.
   
   
   
3. If so, click "Open an Account".
   
   
   
   
4. Done. You will receive information account number, trader password, investor password, and server address of your InstaForex demo account.
   

This multi-regulated, world-awarded broker allows you to open more than one demo account. So, you are free to open as many demo accounts as you like without limitations to optimize your learning process or test your strategy.

If you want to open another demo account, all you have to do is click "Open another demo account" as in the image above. Then, you just have to do the same steps as before.