Demo Account
Also known as: Practice Account, Paper Trading
A demo account replicates the live trading environment using simulated money. Quotes, charts, and order execution mimic the real market, letting traders practice strategies, test EAs, and learn the platform interface risk-free.
Demo execution is usually idealized — fills are instant, requotes rare, slippage minimal. Real trading on a funded account behaves differently under stress, so transitioning from demo to live should start with very small positions before scaling up.