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  • Virtual Funds Cannot Be Withdrawn: Funds in demo trading are for use only and cannot be withdrawn.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
Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via