Select Language

Open demo account on MT4/MT5

On MetaTrader4 (MT4) / MetaTrader5 (MT5), you can open a demo account if allowed by your broker. Not many brokers are allowing this because, due to their marketing strategies, it is common to restrict the opening of demo accounts only through their own websites.

Here we will look at how to open a demo account on MT4/MT5.

Switch between MT4/MT5 tabs to check the steps for each.

mt4
mt5

Step 1

Click "File" in the menu and select "Open an Account".

Select Open an Account from the file menu on MT4 Select Open an Account from the file menu on MT4

Step 2

On the "Open an Account" window, select the server for the new demo account, and click "Next".

Select a server on the Open an Account window Select a server on the Open an Account window
point Search by broker name

On the MT4/MT5 provided by a forex broker, the broker's servers will be shown by default. If you can't find them, type your broker name in the "add new broker" field and click "Scan".

Step 3

Select "New demo account" and click "Next".

Select New demo account on the Open an Account window Select New demo account on the Open an Account window

Step 4

Fill in the required fields, check the "I agree to subscribe to your newsletters" box, and click "Next".

Fill in your info on the Open an Account window Fill in your info on the Open an Account window

Number

Item name

Descriptions

1

Name

Your name.

2

E-Mail

Email address.

3

Phone

Country code and phone number.

4

Account type

Choose an account type.

5

Deposit

The amount of the initial deposit in the demo account.

6

Leverage

Choose leverage.

Step 5

Click "Finish" after checking your login ID, password, and other information about the new demo account. It is recommended to make a note of your login ID and password here as the account information will not be sent to your email address.

Registering Registering
point Check your password in the Terminal

If you need to check your login ID or password again, double-click the message named "New Account Registration" in the "Mailbox" tab of the Terminal. Be sure to check it before logging out, as you can't see the messages without being logged in.

New account registration message in the Mailbox New account registration message in the Mailbox

Step 6

You will be automatically logged in with your new login ID and password.

New account registration message in the Mailbox New account registration message in the Mailbox

Step 1

Click "File" in the menu and select "Open an Account".

Open a demo account from the file menu on MT5 Open a demo account from the file menu on MT5

Step 2

Select the server for the new demo account, and click "Next".

Select a server on the Open an Account window Select a server on the Open an Account window
point Search by broker name

On the MT4/MT5 provided by a forex broker, the broker's servers will be shown by default. If you can't find them, type your broker name in the "add new broker" field and click "Scan".

Step 3

Select "Open a demo account to trade virtual money without risk" and click "Next".

Select New demo account on the Open an Account window Select New demo account on the Open an Account window

Step 4

Fill in the required fields, check the "I agree with the terms and conditions for opening an account and the data protection policy" box, and click "Next".

Fill in your info on the Open an Account window Fill in your info on the Open an Account window

Number

Item name

Descriptions

1

First name

Your first name.

2

Second name

Your family name.

3

Email

Email address.

4

Mobile Phone

Country code and mobile phone number.

5

Use hedge in trading

Uncheck this box if you don't use hedging.

6

Server

Server to open the demo account.

7

Account type

Choose an account type.

8

Deposit

The amount of the initial deposit in the demo account.

9

Leverage

Choose leverage.

Step 5

Click "Finish" after checking your login ID, password, and other information about the new demo account. It is recommended to make a note of your login ID and password here as the account information will not be sent to your email address.

Opening a demo account Opening a demo account
point Check your password in the Toolbox

If you need to check your login ID or password again, double-click the message named "New Account Registration" in the "Mailbox" tab of the Toolbox. Be sure to check it before logging out, as you can't see the messages without being logged in.

New account registration message in the Mailbox New account registration message in the Mailbox

Step 6

You will be automatically logged in with your new login ID and password.

Demo account Demo account

Date

Created

 : 2023.03.21

Update

Last updated

 : 2024.02.19

Writer

Takayoshi Nakamaru

Manual production consultant, MBA

arrow
Takayoshi Nakamaru

Nakamaru is a manual production consultant at FINTECS, a company that specializes in creating manuals for their clients.
With a wide range of experience from fintech to entertainment, he presents what user-friendly manuals should be like.
He works with numerous large corporations as an external manual production project manager.

【Business information】
http://www.fintecs.co.jp/profile/

Supervisor

Akira Takagi

Systems engineer, MetaTrader administrator

arrow
Akira Takagi

After graduating from Computer Science at the Uninove, Brazil, in 2014, he has worked on various systems development projects.
He participated as a developer in the launch of forex services in 2019. Since then, he has also been involved in the development of MetaTrader plugins and APIs. He is certified by MetaQuotes as a MetaTrader5 Administrator and active in consulting and advisory as well.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel