The day will come when you want to switch to a real trading account and try to make a profit in real market conditions. However, it is up to you to decide when that day will come. So the question we must ask ourselves is what should happen before making this transition?
➣ Some traders like to set goals. For example, reach a profit of 10% of the balance of your demo account, carry out 20 operations or even be profitable during three consecutive months of trading.
One of the advantages of starting with a demo trading account is that getting started can be relatively easy, as the platform, the charts and the trading plan you will use remain the same.
If you are already familiar with the trading platform, have practiced strategies and techniques with the demo account and feel ready to invest your money, you just have to follow these steps to open a real account:
The request to open a real account is also made through the Trader’s Office, in the same way as the demo account.
Complete the form to open your trading account. You have several boxes to fill in:
- Open a trading account in the name of a natural person or company.
- Verify the phone number.
- Choose the country of residence.
- Choose the type of trading account.
- Select the currency of the trading account.
- Choose the leverage.
The next step is to send the necessary documentation to open the real trading account. These documents can be attached in the “Documents” tab of the Trader’s Office.
Deposit funds. In the Transactions tab you can fund the Forex account. Until the funds reach the account, it will not be activated and it will not be accessible.