If you are new to stock trading, it is critical that you understand how to trade using the various stock trading platforms that are available to investors. To avoid the risk of losing money, new investors must, of course, undergo extensive training before trading. As a result, it is recommended for new traders to become acquainted with the stock market demo account trading platform, which can assist you in learning how to trade online without the risk of large losses.
A demo account is a trading platform that allows traders to practise using the platform without making a deposit. Its primary goal is to train your trading skills, particularly for newcomers who want to venture into the trading world. Funds are simulated in a demo account so you can test your trading strategy or check the execution, trading tools, and other available features risk-free.
You can trade not only stocks, but also other financial instruments and assets such as gold, commodities, Forex, CFDs, oil futures, and so on, with a demo account. The only difference is that it does not necessitate a one-time deposit. At the same time, you will have the opportunity to put your skills to the test in real-world situations. This is an excellent opportunity to fine-tune strategy.
A demo account functions similarly to a game simulator. In the form of games, simulation games attempt to imitate various real-life events.
Stock market demo trading accounts, like simulation games, allow you to do this on a computer simulator. The virtual trading environment enables you to become acquainted with the platform while also practising and honing trading strategies. In other words, you will be trading with ‘fake money,' which carries no risk in real-world market conditions.
Traders can register for and open a demo account with eToro by doing the following:
This account serves two purposes: it is a live account, but the trader can convert it to a ‘virtual' account, which serves as a demo or training account, by pressing the ‘live' dropdown and selecting ‘virtual' from the two options provided.
|User-friendly platform||No technical analysis available, thus not suitable for experienced traders|
|Copy Trading feature available|
|Regulated by the FCA, CySEC, ASIC|
Source : Facebook
To open a demo account with Capital.com, traders must go to the broker's website and complete a few simple steps.
|Zero commission and low spread||Allows CFD trading only|
|Suitable for new investors||Not suitable for experienced investors|
Source : Facebook
Signing up for a demo account with Libertex consists of the following simple steps:
|Competitive commission fees with tight spread||Allows CFD trading only|
|Compatible with MetaTrader 4|
|Excellent educational tools|
Source : Facebook
Traders can register for and open a demo account with AvATrade by following the steps below:
|Zero commission||Allows CFD trading only|
|Compatible with MetaTrader 4/5|
|Islamic trading account available|
|Regulated by ASIC|
Source : Facebook
The first step in getting started with paper trading at TD Ameritrade is to download a software known as thinkorswim.
Underneath this section, you’ll also see balance information. You should have $200,000 worth of buying power. That’s another sign you’re on a simulator.
|Zero commission for stocks and ETF trading||Interface is complex, not user-friendly|
|Available for iOS and Android devices|
According to our research, the overall best stock demo account trading platform is eToro. The platform is known to be super user-friendly, which makes it easier for new traders to get used to, also equipped with its top-rated feature, Copy Trading.
Copy Trading allows other investors to copy your favourite, successful investors in trading.
Beginners benefit from the ability of demo accounts to simulate real trading because they have access to comprehensive training tools at no cost. The only difference between this and a Live account is that you are not using real money, so there is no real profit.
The following are the primary reasons to begin with a demo account:
Traders will gain an understanding of the market and have the opportunity to practise trading in real-world conditions.
Traders will be able to put their trading strategies to the test using all available financial instruments. It not only covers stocks, but also commodities, metals, CFDs, oil futures, currency pairs, and so on.
Demo accounts are a risk-free way to determine your unique trading style and tactics. Even if you lose, you are not putting your money at risk. Simultaneously, you will comprehend the advantages of various trading conditions such as leverage, pip, margin conditions, and others.
Traders have an excellent opportunity to learn technical analysis skills. You will learn how to read trading charts and apply key technical indicators.
Above all, demo accounts provide access to the best trading platforms for desktop and mobile, as well as integrated advisory services, daily analysis, and technical analysis.
As a new investor, you should be aware of your investment risks and risk tolerance. If you are the type who is impatient, rushes into the market without conducting research, and likes to make large transactions, these are the main reasons why you will lose money in the stock market.
As a result, it is best to begin your trading journey by familiarising yourself with the best demo account available for Malaysian investors.
Once you understand how online trading works, you can progress to a real trading account where you can trade with real money.
If you're new to the financial markets, opening a demo account for stock trading is the best way to learn the ropes. It offers a risk-free and exceptional trading experience in which beginners can develop winning strategies without risking real money.
Furthermore, with the ability of demo accounts to simulate real trading, beginners have access to comprehensive training tools at no cost. The only difference between this and a live account is that you are not using real money, so there is no real profit.
As a result, it is critical to select the best stock trading demo account in Malaysia that is appropriate for your trading journey, and we hope that this article has assisted you in making a decision that will benefit you in the long run.
Yes, it is possible to demo trade stocks by registering on some online trading platforms where you will be funded with ‘fake money’ but trade in a real market conditions
Demo trading is useful as it can provide some benefit to new traders because they allow the trader to become familiar with trading software and get a sense of how the market works.
Some of the best example of demo trading app include Etoro, Capital.com & Libertex.
You can start by registering in any online stocks platform (eg. Etoro) and by selecting demo account as your preference to start trading.
All demo trading accounts are free as it’s main goal is to train you to trade with ZERO risk.
Etoro, XTB , IC Markets
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .