A practice account that simulates live trading conditions using virtual funds, with no real money at risk.
Demo accounts replicate the broker's live platform, pricing, and execution model, allowing traders to test strategies and learn the software before committing capital. Most brokers offer unlimited or time-limited demo access.
While useful for platform familiarisation, demo trading does not replicate the psychological pressure of live trading, and execution quality may differ because demo orders are not routed to real liquidity.
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