Forex glossary
Demo account
A practice account using virtual funds. It lets you test platform operation and simulation conditions; its results do not establish identical live execution.
Illustrative example
How does it work in practice?
In a demo exercise with no other transactions, a booked loss of 300 PLN reduces a virtual balance of 10,000 PLN to 9,700 PLN. This simulated result does not establish identical fill prices on a live account.
A case to work through
A repeatable demo procedure
Model: practice an invalid-volume rejection, reading a fill confirmation and canceling a pending order.
- Record each instruction’s status and any confirmed deals.
- Assess whether you can identify rejection, execution and cancellation.
What follows? Treat the outcome as a platform-operation test.
Example boundary: Simulation does not prove identical liquidity or behavior with real funds.
A useful distinction
Demo account / Cent account
A cent account uses real money; demo is a simulation.
Check your understanding
Separate a procedural test from a live-result test.
Show the answer and explanation
I can read statuses in this simulation
That is the skill directly tested.
Accounts, copying and programs
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Read the fuller explanation
Related terms
Sources and documentation
- MetaTrader 5: executing trades
Execution modes, requotes, position handling and local trailing on this platform.
Document read: - MetaTrader 5: basic trading principles
Orders, deals and positions; FOK, IOC and partial-filling policies.
Document read:
The example illustrates the mechanism. Check current account conditions and instrument specifications with the provider.