Demo accounts have no major disadvantages for a trader who decides to open a new one, except the fact that they will not help him earning real money if the trading strategy proves to be successful. This type of trading accounts simulates the real situation but without the risks and commitments.
Nowadays, all the main brokers are able to offer free demo accounts to both potential and actual customers.
The experience of the past has taught brokers that focus on training and practice is much cheaper than just throwing on the market. Furthermore, there is the need to meet the needs of customers who want to test quality and services offered by the platform before paying their money to a broker. (more…)