Demo trading account
Try our award-winning platform for free and develop your spread betting and CFD trading skills.
- Practise trading with £10,000 virtual funds
- Access to exclusive educational content on Gotel Academy
- Test strategies on the go with our free mobile apps
- Practise trading with £10,000 virtual funds
- Access to exclusive educational content on Gotel Academy
- Test strategies on the go with our free mobile apps
What is a demo trading account?
A demo account is a simulated market environment offered by a trading provider that aims to recreate the experience of ‘real’ trading as closely as possible. This is so that you can get a feel for how different products and financial markets work. The main difference is you won’t be at risk of losing any money, so you can explore and experiment with confidence.
When you open a demo account with Gotel, you’ll be given immediate access to a version of our online platform , along with a pre-set balance of £10,000 in virtual funds to practise with.
Discover the differences between a live account and a demo account
Why use a trading simulator?
Traders will choose to use a trading simulator, such as a demo account, because it enables them to get to grips with a platform, build their strategy and grow in confidence, without having to risk any real money.
Trading simulators aren’t just for newcomers. Experienced traders often like to use demo accounts to try out new strategies, tools or ideas, safe in the knowledge that they won’t result in any real-world losses.
You’ll often see demo accounts described as ‘paper trading’, which is the term to describe simulated securities trading. However, with an Gotel demo trading account, you’ll gain access to over 16,000 markets, including:
- Indices
- Forex
- Shares
- Commodities
- Cryptocurrencies
As well as a range of other markets including bonds, rates and options.
Have a question?
Frequently Asked Questions
A demo account will enable you to view the range of financial markets available to you with Gotel and get used to how they behave. You’ll be able to select the markets you want to keep an eye on and set alerts so you can react instantly to any price volatility. The demo account will also help you navigate the Gotel platform, ensuring that you can read and analyse price charts, fill in the deal ticket and monitor open positions.
Alternatively, if you’re interested in using more advanced software, we also offer an MT4 demo account. This enables you to build your understanding of the MetaTrader4 online trading platform in a risk-free environment.
Yes, you can practise stock trading and forex trading for free with an Gotel demo account. There is no need to create a separate forex demo account or stock demo account, as you can trade both markets via a single login.
With an Gotel demo account, you can practise CFD trading and spread betting in a risk-free way. These two products both use leverage, which enables you to gain full market exposure for just a small initial deposit. While this can magnify your returns, it can also magnify your risk – making it important to get to grips with how they work before you start to trade on live markets.
There is no difference between a demo trading account, trading simulator or paper trading account. All of these terms are just synonyms for the same type of simulated trading platform.
* Based on revenue excluding FX (published half yearly financial statements, June 2019). While leverage magnifies profits, it will also magnify losses. Guaranteed stops incur a small premium if triggered.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved.
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