Brokers don't like clients staying on demo accounts for too long?

To Bonar Pardamean Sinaga,

Actually, there are no rules prohibiting/limiting beginner traders from practicing on demo accounts. It's just that brokers do limit the number of active demo accounts for each identity. In addition, brokers sometimes apply an expiration time to active demo accounts. That way, if the demo account has passed its expiration time, the demo account will be automatically closed.

Regarding this, you only need to open one demo account. If the funds in the demo account have run out due to a margin call, you can simply use the deposit/top up feature of the demo account to add funds to the demo account. So you don't have to bother opening a new demo account.

If the demo account you have is automatically closed because it has passed the expiration time, then you can open a new demo account. That way, the broker's system will still consider only one active demo account even if you have opened demo accounts repeatedly. However, it will be different if you open many new demo accounts before the expiration period expires, then the system will reject new demo account opening requests when your active demo account reaches a certain maximum limit.

So actually there are no rules prohibiting/limiting beginner traders from practicing on demo accounts. You can still practice on demo accounts as long as you want until you find a suitable trading strategy and can achieve consistent profits. And brokers essentially facilitate beginner traders with demo accounts and various features.

Hopefully this can help.

How could that be, sir? As far as I know, if a demo account gets MC, you just need to fill it with demo account funds, which is free. There's also no time limit. So, when it's already MC, you don't need to create a new demo account, it's just a demo account, it shouldn't be like that.

To Chikita,

Yes, that's correct. If a demo account is subject to a margin call, it is best to use the top up/deposit feature of the demo account to add funds to the demo account rather than having to open a new demo account.

@ Bonar Pardamean Sinaga:

As far as I know, there is no limit to how many times you can open a demo account after a margin call. However, only one demo account can be opened per identity. Nevertheless, it is possible that some brokers limit the frequency of opening demo accounts. In this case, you might try opening a demo account with a different identity.

 

Answer to Bonar Pardamean Sinaga: Basically, brokers don't dislike newbies trading on demo accounts for too long. 25 demo accounts is actually a lot.

Perhaps the broker's consideration is in terms of server capacity, so as not to be excessive, the demo accounts are limited.

For next time, I suggest creating a demo (paper trading) account on Tradingview. The way to open an account is simple and if the balance runs out, just enter the deposit you want and it will immediately go into the account.

This way, even if you go bankrupt 100 times, you can still trade on that account.