{"version":"1.0","provider_name":"For overseas forex cashback services, try Money Charger","provider_url":"https://money-charger.com/en/","author_name":"admin","author_url":"https://money-charger.com/en/author/admin/","title":"How to Open an HFM Demo Account | Deadline, Benefits, Precautions, and Balance Reset Explained - Money Charger (Overseas Forex Cashback Service)","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"crpIKuHpus\"><a href=\"https://money-charger.com/en/information/hfm-demo/\">How to Open an HFM Demo Account | Deadline, Benefits, Points to Note, and Balance Reset Explained</a></blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https://money-charger.com/en/information/hfm-demo/embed/#?secret=crpIKuHpus\" width=\"600\" height=\"338\" title=\"&amp;quot;How to Open an HFM Demo Account | Deadline, Benefits, Precautions, and Balance Reset Explained&amp;quot; &#x2014; Money Charger (Overseas Forex Cashback Service)\" data-secret=\"crpIKuHpus\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"></iframe><script type=\"text/javascript\">\n/* <![CDATA[ */\n/*! 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We'll explain the features, opening process, benefits, and points to note about HFM demo accounts in an easy-to-understand way for beginners. Please use this as a reference. Differences between HFM Demo Accounts and Real Accounts: An HFM demo account is an account that allows anyone to try virtual FX trading for free. You can trade FX using fictitious funds (virtual funds) on real-time charts, just like with a real account. Overseas FX demo accounts are completely free and can be easily opened on the official website simply by registering your email address. [HFM Demo Account vs. Real Account Comparison Table] Scrollable Comparison Item HFM Demo Account HFM Real Account Funds Virtual Funds Your Own Funds Leverage Up to 2000x, selectable Up to 2000x, selectable Trading Tools MT4, MT5 MT4, MT5 Profit/Loss Risk None Yes Account Type, Number of Accounts 3 account types Multiple accounts can be opened Indicators A wide variety to choose from A wide variety to choose from EA, Copy Trading Free version only No restrictions Validity Period Automatically terminated after 30 days of non-use Automatically terminated after 90 days of non-use Identity Verification None Yes Campaigns, Events Earn prizes in demo trading contests Deposit Bonuses Loyalty Program Cashback, etc. First, let's look at the features of the HFM demo account in comparison with the real account. Features of the HFM Demo Account ① Does not use real money (cash) The HFM demo account has the exact same conditions as the real account in terms of leverage and trading tools. What is different is that it is a no-risk FX trade that does not use any of your own funds. Since you can trade with fictitious virtual money, there is no risk of losing your own funds. HFM's maximum leverage is 2,000 times. High leverage is said to be high risk, and it takes courage to actually trade with your own money. However, with a demo account, you can practice with zero upfront investment, so it's safe. In a real account, you use your own funds. In a real account, you use actual money. The maximum leverage can be set arbitrarily in both real and demo accounts. However, in the case of a real account, while profits can be expected from high-leverage trading, there is also the risk of losing a large portion of your funds. HFM Demo Account Feature ② Choose from 3 Account Types HFM's demo account allows you to choose from three real account types. All three accounts allow you to choose between \"MT4\" and \"MT5,\" just like real accounts. The Cent account is an account for small-amount trading where 1 lot is 1,000 currency units. The Premium account is an average account for overseas FX and corresponds to the Standard account. Beginners are recommended to try the Cent account. You can also use the Demo Contest account, where you can compete in rankings through demo trading. Although trading uses virtual funds, top performers can win prize money. Real accounts offer a choice of 6 account types. HFM's account types are explained in detail in this article. Please refer to it. HFM Demo Account Feature ③ Multiple Accounts Can Be Opened Some overseas FX brokers limit the number of demo accounts that can be opened. HFM's demo accounts allow you to open up to 6 accounts. For example, you can use a cent account with both MT4 and MT5. You can also open and compare three account types simultaneously. Multiple demo accounts can be used for verification and method development, allowing you to compare results for each trading strategy. Real Accounts Allow Up to 10 Accounts Can Be Opened Multiple real accounts can also be used simultaneously. You can open up to 10 accounts. Even if you reach the maximum number of accounts, you can add more by requesting the closure of unnecessary accounts. HFM Demo Account Feature ④ Expiry Date for Unused Accounts HFM's demo accounts are basically unlimited, but they will be closed if they remain unused for more than 30 days. If left unused for more than 30 days, the demo account will be automatically closed. However, by making at least one trade every 29 days, it can be used indefinitely. Other brokers often restrict the usage period regardless of whether the account is used or not. With HFM, demo accounts can be used for medium- to long-term trading. Real account unused period is 90 days. On the other hand, the validity period of a real account is 90 days based on the unused period. If there are no trades for 90 days, it will be automatically frozen and closed. You need to make at least one trade every 89 days. HFM Demo Account Feature 5: No Identity Verification Required. Opening an HFM demo account does not require identity verification. You can easily open a demo account by simply registering your email address. Since opening a demo account takes only a few minutes, anyone can easily try it out. Even those who are hesitant to immediately provide personal information to an overseas FX broker can try it out with peace of mind using a demo account. Identity Verification is Required for Real Accounts. This is because you will be trading using your own funds. When making deposits or withdrawals, only bank accounts and accounts in your own name can be used. To prevent money laundering, fraud, and financial crimes, overseas FX companies thoroughly verify the identity of their users. A thorough explanation of the benefits of HFM demo accounts Next, we will explain the benefits you can get from using an HFM demo account. Benefits of HFM demo accounts ① Easy to open a real account One of the benefits of using an HFM demo account is that you can easily open a real account from the member page. Once you open a demo account, you can access the HFM member page. Not only will you be able to get a feel for how to use the member page, but you can also apply for a real account at any time, which is very convenient. You can open a real account from the member page menu \"Trading Account\" → \"Real Account\". Once you have entered your personal information and completed identity verification, you can start real trading with real money in a real account. Benefits of HFM demo accounts ② Practice FX trading with no risk Another benefit of using an HFM demo account is that you can practice trading with absolutely no risk. For beginners, it may be difficult to imagine how to enter a trade (take a position), how to close it, and how to make a profit in FX trading. Using funds without understanding the tricks to making money is dangerous due to the high risk of loss. With a demo account, even if you incur a large loss, your actual funds will be zero. You can grasp the tricks of trading and the tricks to making money before moving on to real trading. HFM Demo Account Advantage ③: Earn Funds in Demo Contests. Another great advantage of the HFM demo account is the ability to participate in demo trading contests. These contests are conducted using demo accounts, requiring absolutely no funds. The appeal lies in being able to compete with virtually no risk. By opening a dedicated account for the demo trading contest, anyone from beginners to advanced traders can aim for top prizes. You are given $10,000 in virtual money, and you compete based on your profits from the 1st to the last day of each month. […]","thumbnail_width":770,"thumbnail_height":705}