Some of you may think of ECN account as the perfect account for trading and to be honest, that statement might be true to some extent, but the majority of traders aren’t expert and therefore should go for the safer route that is standard account. Nowadays, standard account is more recommended for regular traders due to its stability, unlike the ECN account which is known for its volatility, unstable quotes, slippages and gaps. Standard account is the more popular account type which include Market Maker and STP accounts, and as the account name suggests, standard accounts have all the necessary trading conditions such as: What is the standards of the best demo account? FXTM Standard demo account CLICK HERE TO OPEN AN ACCOUNT.
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XM Standard demo account CLICK HERE TO OPEN AN ACCOUNT.HotForex Standard demo account CLICK HERE TO OPEN AN ACCOUNT.Exness Mini demo account CLICK HERE TO OPEN AN ACCOUNT.Since there is no risk involved, there is no reason for beginners to be careful and to calculate their every trade, which is why it’s more recommended for beginners to switch to Cent/Micro account of the best forex brokers once you’re familiar enough with the forex market. However, the best demo account still has its downside which is its own risk-free environment. People trade using demo account because it’s easier and there is essentially no risk of losing any money. To sum it up, every trader’s learning stages are listed as follow:Īs we all know, the best demo account’s best advantage is its risk-free environment. And when beginners are familiar and have sufficient knowledge of forex trading, real account should be their next step to gain furthermore experience in handling trading conditions. The reason for this is mainly because demo account is specifically created with beginner’s needs in mind, thus the easier trading conditions and other benefits. BRKV - Why the best demo account? When you’re first getting started with the trading market, forex demo account is often recommended as the more suitable account type for your needs.