How To Open A Forex Demo Account? Forex Demo Trading In 3 Steps

It takes only 3 easy steps to learn how to trade in the largest and most liquid marketplace in the world with the free Forex demo account at CAPEX.

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55+ Forex currency pairs and more

With 9 majors, several minors, and even unique exotic pairings, there are more than 55 different currency pairs to trade as Contracts for Difference on two CAPEX trading platforms. As each currency pair has its own particularities and responds to different economic events, you’ll have many opportunities to diversify your portfolio. Also, if you are new to Forex, we are the perfect partner to learn everything about this market. You can learn how to trade Forex in our CAPEX Academy, as well as how to trade every other instrument we offer at CAPEX, such as shares, bonds, commodities, cryptocurrencies, among others.

Knowledge is Power!

When it comes to your money - it's priceless.

An investment in learning how to trade always pays the best dividends. Get access to the right resources, tools and information so you can trade with all the information available!

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INTRODUCTION TO FOREX

Available in platform

13:20

FOREX INDICATORS

Available in platform

13:20

FOREX CANDLESTICK GUIDE

Available in platform

14:38

UNDERSTANDING AND USING FIBONACCI

Available in platform

04:20

FOREX CHART FORMATIONS PATTERNS

Available in platform

14:27

TIMING IN FOREX

Available in platform

06:20

CRYPTOCURRENCIES

Available in platform

82:25

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Trade with leverage

We at CAPEX offer up to 1:30 leverage on Forex CFD trades for retail clients, and even higher for professional traders, depending on the regulation you choose. Trading with leverage allows you to multiply the results of your investments.

However, please note that both the winnings and the losses would be incremented, so take some time to learn more about Forex and leverage at the CAPEX Academy, our online trading school. Don’t wait another day to start learning and trading with CAPEX!

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What is Forex?

We’ve all most likely encountered foreign exchange at some point in our lives. Be it holidaying in a different country or buying products online. Forex is the exchange of one currency for that of another, like exchanging US currency for EURO during a European holiday. In commerce, currencies hold different values and hence can be traded against each other for profit.

Why is the Forex market important?

The Forex market is the most liquid of any and is the largest at approximately USD 6.6 trillion . The marketplace is truly global and can be accessed 24 hours a day, Monday through to Friday. At CAPEX.com, the Forex marketplace is accessed through CFD trading with the added benefit of leverage too.

CFDs (Contract for Difference) is a way to trade currencies without actually buying any foreign currency. At CAPEX.com, traders can actually invest in the value of a currency pair and speculate whether it will go down or up. Traders can use leverage as a means to increase their position with more capital than they currently have.

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Experience a new level of trading with the right support when you need it. Sign up for a free account and trade smart with CAPEX.com.

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Demo account vs. real trading account

At CAPEX, we offer several account types for investors from around the world. The demo account replicates the CAPEX WebTrader perfectly. You can trade in real-time with the same real market valuations and trade using the same processes. Ultimately, the only difference between the CAPEX WebTrader and the Forex demo account is the lack of real money trading and faster transaction speeds owing to the virtual nature of the demo account.

The other major difference between the demo account and the real trading account is the additional MetaTrader 5 trading platform. This is a third-party trading platform and is world renowned for a wide range of technical indicators and operates on PC and mobile devices.

How do I practice Forex trading?

You’ll have full access to the free demo Forex account and the best way to practice is by experimenting with taking a Forex position – be it long or short. It takes only 3 steps to Forex demo trading at CAPEX; Register an account, practice Forex trading, and learn all you can! Now, you already know how to register your account, it’s time to learn how to practice Forex trading on the free demo account at CAPEX.

  • Choose a Forex market currency pairing from the 55+ Forex choices available on the CAPEX trading Forex demo account or CAPEX Forex demo app. You can choose a pairing by selecting a particular currency from the market trading window or by using the built-in search function to search for your specific currency choice. Remember that the first currency in a pairing listing, such as USD/GBP, will be the base currency.
  •  You’ll have to choose whether to buy or sell a particular pairing. This is called going long or short and is essentially a bet that the value of a currency will rise or fall. For example, if you think the British Pound (GBP) will get stronger over the next month against the US dollar (USD), you would go short on the USD/GBP pairing.

How to practice buying or selling a position

  • Choose how much you wish to buy or sell. This is referred to as the position size of the CFD you wish to trade. Literally imagine it as how much do you wish to stake on your assessment of the pairings future price movements. You can choose your leverage within this trade window and gain an understanding of how leverage affects your position. There are the same features available here as in the live trading platform, such as stop loss orders and limits.
  • Confirm your order and monitor your performance. Watch how your position rises and/or falls. See how charts and indicators move within the market you have taken a position in. Don’t forget to experiment with more trades – there is no risk, so you can learn however you like!

At CAPEX, we're fully licensed and secure

Our operations as CAPEX.com are managed by Key Way Investments Limited, which, unlike some CFD trading platforms online, is licenced by the Cyprus Securities and Exchange Commission (CySEC).  The group companies that operate under the CAPEX brand are also regulated by the Seychelles Financial Services Authority (FSA), the Financial Sector Conduct Authority (FSCA) and the ADGM Financial Services Regulatory Authority (FSRA).

Forex strategies to practice

The best part of having a risk-free trading platform to practice Forex trades on is that you can experiment and learn. Try common, tried and tested strategies or attempt unique and trending strategies instead. Either way you will learn and can take those experiences with you when starting out in the CAPEX live Forex trading account.

We have identified a few of the best Forex strategies to practice on the CAPEX Forex demo trading platform.

Bladerunner strategy

A super trendy strategy, the bladerunner strategy involves using a 20-day moving average indicator to determine the best time to enter and exit a trade. The strategy gets its name from how a currency pair price cuts above resistance or below support.

Scalping

Attempt scalping. Scalping is a technique that involves holding positions for as little as a few minutes in an attempt to beat bid and offer spreads. You’ll get to experience low time-frame charts with this strategy and learn a rather advanced strategy.

Day trading

You’ll find sometimes a trade can go south overnight. That’s why day trading is so common. This strategy means you’ll enter and exit a position before the day’s end. This strategy is perfect for beginners as you’ll get to watch the life of a trade in real-time, from start to close.

Weekly trading

Market volatility certainly provides traders with significant opportunities for day trading but that doesn’t mean you shouldn’t practice longer trades too. OK, so taking a 5-year position isn’t a great way to practice but a week-long trade certainly is. Use weekly candlestick charts to attempt this highly flexible and stable strategy.

 

Factors influencing Forex Trading

Graph Shape

Important political developments

Tax changes

Consumer & producer preferences – CPI or PPI reports

Interest Rate Decisions - Bank of England MPC Announcements, Fed Interest rate Decisions, etc.

Other market-related FX news

Visit our Special Articles page for the latest market news on cryptos, stocks, indices, and more!

How to open your free Forex demo account

There are few things in this world easier than opening a free Forex demo account at CAPEX. Opening an account takes a few moments and you’ll be able to practice Forex trading straight away. Now for those who like to come prepared, we have prepared a simple guide to opening a free demo account for Forex trading at CAPEX.

  1. To get started, head to capex.com and simply click register. This will take you to the registration window that’ll request some basic information from you.
  2. Fill in your email, phone number, and a promotional code if you have managed to locate one. Don’t forget to choose your base currency – there are more than 10 on offer including major currencies like USD, GBP, EURO and AUD. Create a strong password and confirm that you are over the age of 18. Click Create Account to complete this simple process.
  3. Done! Your account has been created and you will immediately be brought to the CAPEX web trading platform.

The very first message you’ll ever receive in the web trader will be a request to switch to the free Forex demo account. Agree to switch and you will instantly access the free demo account. You’ll be free to use up to $50,000 of virtual credit to make Forex practice trades.

 

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Trading with CAPEX.com

The great thing about CFD trading online is that you can do it anywhere there is a secure internet connection. Inevitably, this means that mobile trading has proven particularly popular as traders can conveniently open and close positions from their mobile or tablet as and when it suits them.
Discover the functionality to ...
Trade more than 2,100 CFDs
Trade more than 2,100 CFDs
Manage your investment horizon
Manage your investment horizon
Set take-profit or stop-loss limits
Set take-profit or stop-loss limits
Open short and long positions
Open short and long positions
No fees for opening and closing positions
No fees for opening and closing positions
Trade with and without leverage (StoX)
Trade with and without leverage (StoX)
Start Trading Now

Account verification at CAPEX

To use the full services offered by CAPEX and to access the live trading platform at a later day for real Forex trades, you’ll need to verify both your account and your identity. Don’t worry – this is a relatively easy process and shouldn’t take too much of your time. Verifying your account will take a few seconds – simply click the link provided in an email sent by CAPEX when you created your account. That’s it. But to verify your account you’ll need to complete a full Know Your Customer (KYC) procedure.

  1. Log in to your CAPEX account and you’ll be prompted to verify your identity in order to access the full features. Select proceed to begin.
  2. You’ll begin by providing some of your basic personal information details. It’s just basic stuff including your full name, residential address, citizenship, country of residence & birth, and date of birth. Next, you will be asked to answer a couple of questions that relate to taxation in the United States. Naturally, if you are not a U.S citizen or resident for tax purposes you’ll be answering no for both.
  3. Know Your Customer (KYC) procedures are designed to protect users from potentially dangerous gambling practices and to root out money-laundering crimes.  This is completed by knowing a client’s source of income and how they are able to afford to invest in Forex trading. So the next stage of the verification will see you in putting some basic information relating to banking and your income source.
  4. The last stage requires users to upload some proof of identity. Again, this is standard for KYC policies and it just means taking a photo of documents, such as your passport and a bank statement, and uploading it to CAPEX.

 

Register

Register

Register an account on CAPEX.com and start trading.
Verify

Verify

Send over your documents and verify your account.
Deposit

Deposit

Login into your CAPEX.com account and deposit money.
Trade

Trade

Start trading with CFD’s and over 2100 other instruments.
Register Account

Benefits of Forex trading practice – CAPEX demo account

There is nothing but benefits by using the CAPEX Forex demo trading account. Seriously, there are no downsides to a risk-free learning experience in trading the most liquid market in the world. To show you what we mean, here are some of the biggest benefits of using the CAPEX demo account for Forex trading practice.

Risk-free

Not just risk free but also free to use. There is zero real-money risk when using the CAPEX trading Forex demo account. You can take as big or as little a position as you like and you won’t lose any money if it all goes a bit wrong. You’ll be free to attempt wild experiments and learn Forex trading strategies that you expect to make mistakes on.

Full features

The CAPEX demo account has all the same features as the live trading account. That means you can experience the same full range of chart and indicator tools. Be they candlestick or bar chart, the CAPEX demo account provides the very same experience as live trading. You can use stop-loss and limit orders too.

Understanding leverage

Leverage can be a bit of a head scratcher and a double-edged sword to new traders. The concept of trading with funds you don’t actually have but using the demo account can show new traders how it works. Take positions with 1:30 leverage and see how it affects your balance. That goes for wins and loses – watch how using leverage can amplify both your gains and your losses.

Build confidence

Using the CAPEX demo account allows new traders to fully explore and become intimate with the trading platform before investing for real in the best Forex app. You won’t be taking your first live positions with any sort of hesitance after using the Forex demo account because you’ll have developed total confidence. You’ll know where all the charts are, how the trading and buying windows work, and how to conduct rapid trades.

Conclusion – Learn how to trade Forex with CAPEX demo account

New traders can learn how to trade on the CAPEX demo trading platform in 3 easy steps. Register an account in minutes, practice Forex trading strategies and techniques on the demo account, and learn as much as possible through experience and the CAPEX educational tools including featured articles!

That only adds to the fantastic security and safety features at CAPEX, which you can enjoy every time you trade on our secure platforms and apps. Your information and transactions are also safe thanks to security systems that protect you at all times, even when you’re using our demo account. Online trading hasn’t been as reliable and safe as with CAPEX.

Forex Demo Account – FAQ

🤷 Is there a limit to trading strategies at CAPEX?
🤔 Does it cost anything to trade at CAPEX.com?
📈What products does we offer at CAPEX?
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HIGH RISK INVESTMENT WARNING: CAPEX.com is a website operated by Key Way Investments Limited, which is authorised and regulated by the Cyprus Securities and Exchange Commission, licence number 292/16. Administrative Address: 18 Spyrou Kyprianou Avenue, Suite 101, Nicosia 1075, Cyprus.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money. Trading through an online platform carries additional risks. Refer to our Regulation section here.

Restricted Jurisdictions: We do not establish accounts to residents of certain jurisdictions including Japan, Canada and the USA. For further details please see Terms & Conditions.

Key Way Group Ltd is the holding company of Key Way Investments Ltd, JME Financial Services (Pty) Ltd and Key Way Markets Ltd. Key Way Investments Ltd operates CAPEX.com and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) (license no. 292/16) with branches in Romania and Spain, and registered with the Romanian Financial Supervisory Authority (ASF) (registration no. PJM01SFIM/400013), and with the Spanish National Securities Market Commission (CNMV) (registration no. 129), respectively. JME Financial Services (Pty) Ltd operates za.capex.com and is authorized and regulated by the South African Financial Sector Conduct Authority (FSCA) (license no.37166). Key Way Markets Ltd operates ae.capex.com and is authorized and regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (license no. 190005). KW Investments Ltd operates sc.capex.com and is authorized and regulated by the Seychelles Financial Services Authority (FSA) (SD020).