- A fully regulated and trustworthy trading platform
- Offers commission-free CFD, forex and crypto trading
- High-quality customer service in 14 different languages
- An array of excellent research tools
- Inactivity fees will be charged
What is an AvaTrade practice account?
An AvaTrade demo account gives you the opportunity to learn how to trade online without incurring any risk. You can enjoy all the same features that regular traders use, but it takes place entirely in a virtual demonstration mode.
You only need to provide a few basic details in order to sign up for an AvaTrade practice account. The site then provides users with a thorough grounding in trading a wide range of assets.
The demo account is designed with beginners in mind. The practice trading platform is easy to use, and it allows you to dabble in the options markets.
You will be given a virtual balance to trade with, and your account will then provide you with a simulated market environment. It seeks to recreate the actual experience of trading as closely as possible, but you will not be at risk of losing any real money.
A practice account gives you a great opportunity to test drive AvaTrade’s user experience, hone your skills and gain hands-on experience. Demo accounts became popular in the 2000s, when online trading took off, and they are now widespread. You will benefit from helpful video tutorials and then you can practice trading for free.
Where do you download the AvaTrade practice trading account software?
There is no need to download any software to use an AvaTrade practice account. You can simply visit avatrade.co.uk, and click “Demo Account” on the homepage. Provide your name, phone number and email address, and then you can start practice trading immediately.
AvaTrade will automatically generate a password for you, and you can use it to log into your demo account at any time, from any device, without having to download any software.
Why use an AvaTrade practice account?
There are several key benefits to signing up for an AvaTrade test account. It is a great option for beginners that want to explore the wonderful world of online trading. This is an exhilarating and potentially lucrative pursuit, but it also carries considerable risk, so you should gain a thorough grounding on how it works before taking the plunge and trading for real money.
It also allows you to see whether you enjoy using the AvaTrade platform. You can spend time getting to grips with the user experience, and decide whether you want to sign up for a full account or not.
You can learn to read and analyse the available price charts, fill in the deal ticket and monitor your open positions. That ensures you are unlikely to make a costly mistake if and when you start trading for real money.
An AvaTrade practice account can also be really useful for experienced traders. You might know one particular asset class very well, but you may want to experiment with a different asset class. The demo account allows you to learn the sort of margin requirements featured within that asset class and the market influences.
You can use an AvaTrade demo trading account to try out new strategies too. If you have devised a new method and want to see the sort of returns it could yield, you can put it to the test with virtual funds in a practice account rather than risking your money immediately.
What can you trade on the AvaTrade free broker account?
An AvaTrade demo account allows you to practice trading a broad range of assets:
This allows you to sell or buy a wide range of ETFs, covering emerging markets, India, Germany, Singapore, Taiwan, South Korea, Brazil, gold miners, US home construction, S&P 500 short-term futures, and the energy select sector.
This category includes Alibaba, Amazon, American Express, AT&T, Berkshire Hathaway, Bank of America, Boeing, Caterpillar, Chevron, Cisco, Citigroup, Coca-Cola, Disney, Exxon Mobil, Facebook, General Electric, Alphabet (Google), Groupon, Goldman Sachs, Intel, Johnson & Johnson, JP Morgan, LinkedIn, Manchester United, Mastercard, McDonalds, Medtronic, Microsoft, Netflix, Nike, Pfizer, Procter & Gamble, Snapchat, Tesla, Teva, Twitter, Uber, Under Armour and Walmart.
European and Japanese bonds.
You can trade Brent oil, cocoa, coffee, copper, corn, cotton, crude oil, gasoline, gold, heating oil, natural gas, palladium, platinum, silver, soybean, sugar and wheat, which could be interesting if rumours of an impending commodities super-cycle prove to be correct.
AvaTrade allows you to practice trading various pairs. The cryptocurrencies covered are Bitcoin, Bitcoin Gold, Dash, EOS, Ethereum, Litecoin, IOTA, NEO, Stellar and XRP, and fiat currencies for pairing include US dollars, euros and Japanese yen. You can also go long or short on Ethereum and XRP. If you’re in need of a bitcoin wallet to store your funds, be sure to check out our in-depth guide.
BMW, Danone, Daimler, Fiat, General Investment, HSBC, Intresa Sanpaolo, Rio Tinto, SAP, Siemens, Saipem, UniCredit and Vallourec are all featured in this category.
Currency trading pairs featuring prominent currencies such as AUD, CAD, CHF, EUR, GBP, NZD and USD.
This section allows you to practice trading major currencies like CHF, EUR, GBP and USD against smaller currencies like HUF, DKK and ILS.
Practice going long or short on all of the world’s leading indices, including AEX, CAC 40, Cannabis, China A50, Crypto 10, DAX 30, DJ 30, the Dollar Index, FTSE 100, FTSE MIB40, FTSE Taiwan, HIS, India 50, Nasdaq, Nikkei 225, OMX 30, Russell 2000, S&P 500, SNI, IBEX 35, Nifty 50 and so on.
Our Experience with the AvaTrade Demo Account
I was impressed by the overall user experience when I tried out the AvaTrade practice account. The registration process was very simple and painless. I simply entered my name, email address and phone number, and I could instantly start trading a wide range of assets with virtual credit. There was no software to download, and I could sign into my account from my mobile or desktop browser at any time.
I was given £100,000 to play around with, which allowed me to conduct a number of practice trades while getting to grips with the platform. The trading platform looks great. The text is large and clear, the platform is a lot less cluttered than rival sites, and the overall design is pretty attractive. This feels like an excellent option for beginners to trading.
I found that the search function worked well, and I liked the trending categories that AvaTrade provides – Hot, Most Rising, Most Falling, Most Buying and Most Selling. That gave me a valuable insight into the behaviour of my fellow traders, which helped me make informed decisions about whether to buy or sell certain assets and pairs.
I clicked on the “Tutorials” icon at the bottom of the dashboard and watched the videos that explain how to use the platform. The videos are clearly narrated. They offer strong visual aids and walk you through the trading process in simple steps.
You can click on any instrument to see the chart, and I liked the ability to click the star in order to add an instrument to my list of favourites.
It was easy to open positions and orders. You can click on any instrument to see the sell and buy prices, and it is easy to switch between both options. As soon as I set my position, I could see the marginal impact and notional value.
The advanced settings for the position are easy to use. You can click to execute when the price hits a certain level, or cancel on a particular day. You can click to lock in a particular profit, or create a stop loss order.
I received clear notifications in the “Orders” section after executing trades, and it was easy to monitor my open positions by using the “Positions” section. The bar, candle and line charts were clear and easy to customise. There are also some fantastic studies that you can add, from an Aroon oscillator to a Williams alligator.
Closing a trade was very simple. I went into the “Positions” section, found the trade I wanted to close and clicked on the “X” next to it. The trading ticket provided me with the rate, which was updated in real time, and when I was happy with the amount, I simply clicked “Close Position”.
The whole process was simple and effective, but I was impressed by the broad range of analytical tools available for advanced traders. I also found the customer service representatives to be very polite, friendly and helpful when I tried out the live chat function. Overall, I enjoyed using the AvaTrade demo account, and it made me want to upgrade to a full account.
Beyond Demo Accounts: Useful Information About AvaTrade
You can click on the orange “Upgrade to Real” button at the top of the dashboard at any time to trade for real money. The demo account mirrors real-time market prices and conditions, so it provides a great opportunity to test trading styles and instruments out, but the live account is where the real action happens.
The demo account is similar to AvaTrade’s WebTrader account, which features an easy-to-use interface, a sleek design and entry-level functionality. This is perfect for beginners, who might enjoy the sentiment indicators such as Most Rising and Most Falling.
There is an AvaTrade GO app, which provides you with step-by-step guidance on opening trades and offers ongoing support. The app has a stylish dashboard, with plenty of intuitive tools and clear charting features. You can watch markets develop in real time and trade more than 250 instruments in the palm of your hand.
AvaTrade offers more advanced platforms called MetaTrader 4 and MetaTrader 5. The latter is an upgrade, featuring more markets and instruments, but a similar layout. Users can benefit from customisable indicators, expert advisors, scripts and libraries. You can access real-time quotes in MarketWatch, financial market news and a community chat function.
Other platforms include AvaOptions, AvaSocial, mobile trading and automated trading, so it should suit most traders. You can learn more about it in our review of AvaTrade.
AvaTrade does not charge any deposit fees. You simply have to make a minimum deposit of at least £100. There are no commission fees either. AvaTrade makes its money from spreads – the difference between the sell price and the buy price. Its spreads are very competitive, and that has helped AvaTrade become one of the most popular online trading platforms in the business.
It is a regulated broker in the UK, Europe, Australia, Japan, British Virgin Islands and South Africa. AvaTrade holds client funds in segregated accounts for increased security. It prides itself on providing high-quality educational tools, strong customer support via multiple channels, and a broad choice of trading instruments.
Get Started with AvaTrade
If you have a demo account with AvaTrade, click the orange button at the top of the trading page to upgrade to a real money account. If you decide to skip the demo phase and dive straight in, simply visit avatrade.co.uk and click “Register Now”.
You will need to provide your first and last name as it appears on your photo ID, plus your email address and phone number. You can enter a partner code if relevant. Then choose whether or not you want to receive updates from the company, confirm you agree with the terms and conditions and click “Create Account”.
You must complete a KYC (know your customer) process for a full trading account. You will be required to upload a scan of a valid government-issued ID, such as a passport or driver’s licence, plus proof of address, such as a utility bill.
There is a section called “Upload Documents” on the dashboard. Click on that, upload your scans and then click on the green “UPLOAD” button. It will immediately read “Status: Waiting for review”, and it should be approved within one business day if everything is in order.
When your account is registered, you can make your first deposit. You can use a debit or credit card, a bank wire transfer or an e-wallet such as Skrill or Neteller. The minimum deposit is £100. You can then head over to the trading dashboard and open your first position. The whole process is quick and smooth, so head over to AvaTrade and sign up today.
Conclusion – Summary of our AvaTrade demo account review
An AvaTrade demo account is a great option for beginners that want to learn how to trade without risking their hard-earned cash. It allows you to try out different strategies, familiarise yourself with new instruments and benefit from clear video tutorials, so it is suitable for traders of all experience levels.
AvaTrade offers very competitive spreads, a high-quality user experience, strong customer support and a broad range of tradable instruments, so it is a popular trading site with a large and loyal customer base. The practice account is an excellent way to test out whether it suits you, and you can then sign up for a full account with ease.
If you think AvaTrade might not be the perfect fit for you, we recommend checking out the Oanda demo account, FXPro practice account, Core Spreads demo trading account or a Saxo Bank test account to see if you would prefer a rival platform. That being said, we can certainly recommend AvaTrade, as it excels across a number of important criteria.
AvaTrade Demo Account FAQ
❓ How do I sign up for an AvaTrade demo account?
An AvaTrade demo account allows you to test out this platform without risking any of your hard-earned cash. To find out how you can get started on the AvaTrade platform with a free demo account, be sure to read our latest broker review at Betting.co.uk.
💰 Can you make money on an AvaTrade demo account?
An AvaTrade demo account is a great way to try out new trading strategies and get to grips with new instruments. You will be given a virtual balance of £100,000 to trade with when using your AvaTrade demo account. Read our AvaTrade demo account review and learn how to upgrade to a full trading account in order to make some money.
📈 Is demo trading really useful?
Demo trading provides you with a fantastic opportunity to test out a platform, assess its strengths and weaknesses, and decide whether you want to register for a full account. However, it is also really useful for trying out new strategies and learning new instruments, so there are many benefits to a demo account. Read our AvaTrade demo account review to learn how to make the most of a practice account..