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 ItemsDemo TradingReal Trading
Fund TypeVirtual FundsActual Funds
Impact of Profit/LossNo impact on financial situationDirectly affects account balance
Market LiquidityMay have delays or restrictionsReal-time market liquidity
Psychological FactorsNo financial riskInvolves 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  • Virtual Funds Cannot Be Withdrawn: Funds in demo trading are for use only and cannot be withdrawn.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.

 

Was this article helpful?
You can also contact Customer Services for help.
Yes
No