Opening a Demo Forex Account

Frequently Asked Questions

Here are some commonly asked questions about opening a live account. To see the entire FAQ, please visit here

• 1) How do I open a demo account?
  Demo accounts allow you to test several different strategies and get a feel for the markets. Just fill out the form above to get started!
• 2) How long is the demo active?
  Demo accounts go inactive after 90 days, if your demo goes inactive please create a demo account. Below are instructions no how to open a demo account:
  1. Open MetaTrader 4
  2. Click on File
  3. Then click on Open an Account
  4. Fill out the information (if its not already filled out)
  5. Click the button that says “I agree to subscribe to newsletters”
  6. It will unlock the “Next” button keep clicking “Next” until you reach the finish screen.
• 3) How does a demo account compare with a live account?
  The demo accounts for both platforms mirror exactly what you will see if you sign-up for a live account. The demo account uses play money and in a demo account you can choose whatever amount you would like to trade with. The pricing and spreads are the same in demo and in live account.
• 4) What is an expert advisor?
  Expert Advisor is a scripting tool offered in the MetaTrader platform. The tool allows a user to program and implement their own trading algorithm.
• 5) Can I trade any type of Expert Advisors or Forex Robots ?
  Yes, you can tradeany type of Expert Advisor or Forex Robot , we welcome all EA's. Since we are a ECN/No Dealing Desk broker we have no limitations on EA's or Forex Robots. Many of our customers compliment us that their EA's function better with our low spreads and fast execution speeds.
• 6) Can I withdraw money from a demo account?
  No. The demo account is only good for practicing trading using virtual funding. As this is only virtual play money, no real profts or losses are incurred
  

Demo Account Links
What do I need to open an account?
Why should I open an account with BeamFX?
Frequently Asked Questions

BeamFX has 100% compatibility with almost all the EA's on the market so so that the robots you purchase will work in both our demo and live accounts!