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Standard or Raw, demo or live. The terminal, the instrument list and all five asset classes are the same in every combination. What changes is how the cost of a trade is charged and whether the money behind the balance is real.
A demo account runs on simulated funds. The instrument list, price chart and order ticket are the same as any funded account’s.
A demo account is the way to try the terminal and the mechanics of an order before any money is involved.
A live account trades your own money. Nothing is charged and nothing is at risk until you fund it.
Margin, cost and profit and loss work the same way as on a demo account, with real money behind the balance.
Both account types carry the full instrument list and the same terminal. They differ in how the cost of a trade is charged, the leverage limit and the funding threshold.
A demo account runs on simulated funds and carries no financial exposure. A live account trades your own money at the price shown on the order ticket.
Each account type carries its own leverage limit and funding threshold. The account types page sets out both.
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Account opening
Standard puts the cost of a trade inside the quoted price. Raw quotes a narrower price and charges a commission on every trade.
A demo account runs on simulated funds. A live account trades your own money, through the same terminal and the same instrument list.
US dollars, euros or pounds sterling. The currency sets the denomination the balance is shown in, and changing it does not convert the balance.
We mark positions to market while they are open, and the account record keeps the order and profit and loss history.