Demo trading account FAQs
Looking for something specific?
Use our advanced search to explore support pages- Does City Index provide demo trading accounts?
- Can I renew my demo trading account?
- What is the difference between a demo and a live trading account?
Does City Index provide demo trading accounts?
City Index provides demo trading accounts for those who want to build their skills without risking real money. You can apply for a demo account via our online form by clicking on the button below. Or if you are ready for a real money account, you can apply for that too by clicking ‘Create account’.
It's possible to open a demo account for both Web Trader and MT4. Features of a City Index MT4 demo account include:
- 12 weeks usage
- £10,000 virtual funds
- Same list of currency pairs as the live account
- Default leverage of 30:1
- Real-time live prices
Once your trial period of 30 days has expired or your virtual capital has been used up, you can reapply for a new demo account. Please note, all your previous account settings and history will be reset to default.
Can I renew my demo trading account?
Yes. If your 30 days have expired or the virtual capital in your demo account has been used up, you're welcome to re-apply for another demo account. All previous account history will be reset. Apply for a demo account.
What is the difference between a demo and a live trading account?
The primary difference is that no capital is at risk when you trade on a demo account. A City Index demo account features real-time quotes and trading charts, along with all the basic trading tools and much of the information you'll have access to as a City Index forex customer - including all order types.
We strongly encourage new traders to educate themselves on how to minimise risk using the education tools available whilst trading on your demo account.
Results achieved in a demo account are hypothetical and no representation is made that any account will (or is likely to) achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment.