How to use demo trading
Welcome to our demo trading feature! Demo trading is a virtual trading method that helps you experience market operations in a risk-free environment. Below are detailed instructions and precautions for using demo trading：
1. What is Demo Trading?
Demo trading is a virtual trading tool that allows you to trade in the market using virtual funds. Its main differences from real trading are:
- Virtual Funds: Use virtual currency to trade in the market.
- No risk: It does not affect your actual financial situation.
- Learning and Testing: Used to familiarize yourself with the platform and test strategies.
2. Demo Account Setup
We offer two separate demo accounts:
-Saudi Securities Account
- Funds: 1,000,000 Saudi Riyals (SAR)
- Trading Scope: Stocks, ETFs, REITs, CEFs
- Restrictions: No deposits/withdrawals or currency exchange.
-US Securities Account
- Funds: 1,000,000 US Dollars (USD)
- Trading Scope: Stocks/Warrants, ETFs, OTC
- Restrictions: No deposits/withdrawals or currency exchange.
3.Differences between Demo Trading and Real Trading
| Comparison Items | Demo Trading | Real Trading |
|---|---|---|
| Fund Type | Virtual Funds | Actual Funds |
| Impact of Profit/Loss | No impact on financial situation | Directly affects account balance |
| Market Liquidity | May have delays or restrictions | Real-time market liquidity |
| Psychological Factors | No financial risk | Involves actual profit/loss |
4. Utilize Demo Trading Effectively
- Familiarize yourself with platform functions: Understand the trading platform's interface.
- Test investment strategies: Evaluate the feasibility and risks of your strategies.
- Learn market rules: Understand the trading rules of different markets.
5. Important Notes
- Virtual Funds Cannot Be Withdrawn: Funds in demo trading are for use only and cannot be withdrawn.
- Account Independence: Funds in Saudi Arabia and US accounts are independent of each other.
- Trading Scope Restrictions: Only trading in specific instruments is supported.
- Avoid Confusion: Confirm your account type (demo or real) to avoid losses or missed opportunities.
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