In this ETX Capital demo account review we uncover everything you need to know about the ETX platform from the sign up process to placing your first trade.
Our initial thoughts on the ETX Capital demo account is.
- Quick and simple sign up
- Easy to use modern platform
- Simple to customise to suit your own preferences
- Instantly access relevant charting information
To start practicing and trading with the ETX Capital demo account simply click here: ETX Capital demo account. Alternatively if you want to know more about ETX Capital, take a look at our full review of ETX Capital which also includes a video overview of the broker.
Overview of the ETX Capital Demo Account
It is popular option for traders to utilise a demonstration account before committing to a specific platform. ETX Capital offers this opportunity; a great choice for those who may be unfamiliar with how their platform functions.
The registration process is simple and some basic information is first required. These fields must be addressed:
- First and last name.
- Valid phone number (for future contact).
- Functional email address.
Once these details are provided, the applicant will be taken to the main demonstration account page. Please note that Adobe Flash Player needs to be installed in order to display all information correctly. Important to note that the demo account works on both Mac and PC.
One of the advantages of the platform offered by ETX Capital is that it is extremely intuitive and clean. From the default layout here are several features worth mentioning here. First, a drop-down menu of the most popular assets are listed on the left-hand side of the main page. These include:
Bonds and interest rates
There is also a watch list which enables the trader to follow specific instruments the trader is currently involved in or potentially would like to trade. Cash balances, open/closed positions, reserved margins and available trading funds are all displayed along the top of this screen as well.
The bottom portion of the main screen displays all currently open positions in a top-down fashion. Alerts, balances, transactions, trade history and open positions are clearly illustrated here and with the click of a button, each can be examined in more detail. These can be opened up in a separate window for streamlined interfacing.
We should note here that with a demonstration account, the client only has access to the TraderPro software offered by ETX Capital. This is a proprietary framework which is preferred by many individuals. However, there is also the possibility of upgrading to the popular Meta Trader 4 system or a binary options alternative. Both of these will require the deposit of funds. Although the amount of money deposited will vary, the trader still has the advantage of enjoying a first-time bonus as well as a registration bonus (explained within the website).
Assets and Allotted Demonstration Funds
When a demonstration account is first opened with ETX Capital, the trader will be provided with €10,000 euros (or the monetary equivalent) of funds. These can then be used to immediately open positions within the aforementioned sectors. There are numerous unique assets to choose from. While these can be broken down into areas such as commodities, indices and equities, a drop-down menu within each category provides further options. Examples here can include major or minor European indices, country-specific equities, commodities such as metals or energy, short-term bond interest rates and CFD positions. With any of these options, the bid and the ask prices are displayed in real time. There is also a search bar which enables the user to quickly pull up a specific asset or trading position.
Funds can always be added to this demonstration account and once the initially allotted funds have been exhausted, it is necessary for the client to upgrade to a live position in order to continue trading.
Open a demo account with ETX Capital today.