Creating an MT5 demo account

Before risking real money — practise and test with a free demo account.

Whether you're just starting out or want to test a new EA — a demo account is a must. It's free, created in 2 minutes and doesn't cost you a cent.

1

Open MT5 & choose "Open an Account"

In MT5: File → Open an Account. A wizard opens.

2

Choose broker

Pick a broker from the list. If your broker isn't in the list: type the name at the top and MT5 will search online. For testing we recommend MetaQuotes-Demo (the official MetaQuotes offering, always available) or a reputable broker with an ECN demo.

3

Select "New demo account"

In the next step: tick "New demo account". Click "Next".

4

Fill in details

Name, email, phone, country — all required fields. Choose the account type (e.g. Forex Hedge USD), leverage (e.g. 1:100) and starting capital (e.g. 10,000 USD — for a demo the amount doesn't matter).

5

Remember login details

In the last step MT5 shows you the login number, password and investor password. Save this data! Take a screenshot, copy it into a password manager — otherwise you won't get back in.

Realistic testing: Demo accounts often have better spreads, slippage and execution than live accounts. When testing an EA, plan for somewhat worse live conditions — what runs nicely on demo can look different live.
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