Demo Account Guide — May 2026
How to Open a JustMarkets Demo Account — Free Practice on MT4 & MT5, No Deposit, No Expiry — Full Guide 2026
JustMarkets demo accounts are completely free, require no deposit, and never expire. You can practice with up to $5,000,000 in virtual funds on MT4 or MT5, testing strategies under real market conditions before committing real capital. This guide covers how to open a demo account, the difference between MT4 and MT5 demo, how to reset your virtual balance, and what demo cannot replicate.
What Is a JustMarkets Demo Account — and Why Use One?
A JustMarkets demo account is a practice trading account that uses virtual funds to simulate real market conditions. Spreads, execution speed, and instrument prices are identical to live accounts — the only difference is that profits and losses are simulated, not real. You can trade the same 260+ instruments, use the same MT4 and MT5 platforms, and test the same account types (Standard, Pro, Raw Spread) on demo before committing real capital.
Why experienced traders also use demo accounts
Demo accounts are not only for beginners. Experienced traders use demo accounts to:
- ✓Test a new strategy or Expert Advisor before deploying on a live account
- ✓Practice trading a new instrument they haven't traded before
- ✓Test JustMarkets' execution quality and spread behaviour before opening a live account
- ✓Rebuild discipline after a losing period — returning to demo to reset habits
- ✓Test a new leverage setting or position sizing approach without live account risk
How to Open a JustMarkets Demo Account — Step by Step
Go to justmarkets.com and register with your email address and a password. No documents, no deposit, and no phone number are required to access the demo. The registration form takes under 3 minutes.
JustMarkets sends a verification email. Click the link inside to activate your Personal Area. Demo access is available immediately after email verification.
Go to justmarkets.com and log in with your email and password.
In your Personal Area, click Accounts in the left navigation menu. Select Open Demo Account from the options.
Choose: Platform (MT4 or MT5), Account type (Standard, Standard Cent, Pro, or Raw Spread), Account currency (USD, EUR, GBP, or others), Leverage (up to 1:3,000), Virtual balance ($1,000 to $5,000,000).
JustMarkets sends your demo account number and trading password by email. The account is immediately active.
Download your chosen platform from the JustMarkets website, App Store, or Google Play. Log in using your demo account number, demo trading password, and the JustMarkets server shown in your Personal Area.
MT4 Demo vs MT5 Demo — Which Platform Should You Practice On?
The platform choice for your demo account should reflect the platform you intend to use for live trading. Switching platforms later means relearning the interface — start on the platform you plan to stay with.
| Feature | MT4 Demo | MT5 Demo | Recommendation |
|---|---|---|---|
| Timeframes | 9 (M1–MN1) | 21 (M1–MN1 + extras) | MT5 — more granular |
| Built-in indicators | 30+ | 38 | MT5 — more tools |
| Economic calendar | No | Yes (built-in) | MT5 — convenient |
| Depth of Market (DOM) | No | Yes | MT5 — useful for ECN-style analysis |
| EA language | MQL4 | MQL5 | Depends on your EA library |
| Community size | Massive | Growing | MT4 — more indicators/EAs available |
| Backtesting | Single-threaded | Multi-threaded (faster) | MT5 — significantly faster |
| Stock CFD support | Limited | Yes | MT5 — if you want stocks |
Important note about demo-to-live platform migration
Each JustMarkets trading account is created on either MT4 or MT5 — you cannot switch platforms on the same account. When you are ready to go live, open a live account on the same platform as your demo account to avoid relearning the interface. You can open both an MT4 live account and an MT5 live account under one JustMarkets profile if you want to use both platforms.
Choosing Your JustMarkets Demo Virtual Balance
JustMarkets allows you to set your demo virtual balance from $1,000 to $5,000,000. Choosing the right virtual balance depends on what you intend to practice.
| Practice goal | Recommended virtual balance | Why |
|---|---|---|
| Learning platform interface | $10,000 | Enough to explore without feeling limited |
| Testing position sizing for a $500 live account | $500 | Practice with identical proportions to your planned live deposit |
| Testing scalping strategies | $50,000–$100,000 | Larger balance to open multiple positions and test margin requirements |
| EA stress testing | $100,000 | Enough margin for complex multi-position EA strategies |
| Risk-free maximum exploration | $5,000,000 | Open very large positions to understand margin mechanics visually |
What JustMarkets Demo Cannot Replicate — Critical Limitations
Execution: no slippage, no requotes on demo
Demo accounts execute all orders at the requested price with no slippage. In live markets, particularly during news events or high volatility, orders may execute at a different price than requested. Strategies that appear profitable on demo may be less profitable live due to slippage costs — especially for scalping strategies targeting small pip movements.
Psychology: no real emotional impact
The most significant limitation of demo trading is psychological. When you see a losing position on demo, the emotional response is minimal — there is no real money at stake. Live trading introduces loss aversion, greed, fear, and discipline challenges that demo cannot replicate. Many traders are profitable on demo but not on live accounts precisely because of this psychological gap.
Market impact: no real order book interaction
Demo accounts do not interact with the real order book. In live markets, large orders can cause price impact and may not fill entirely at a single price. Demo accounts fill all orders at the quoted price regardless of size — which does not reflect reality for large position sizes.
The solution: bridge demo and live responsibly
- ✓After consistent demo profitability, open a live account with the minimum deposit first — not the full amount you plan to deposit
- ✓Use the Standard Cent account for the initial transition — it provides real execution at near-zero financial risk
- ✓Increase your live account size only after demonstrating the same discipline as on demo
How to Reset Your JustMarkets Demo Balance
JustMarkets allows you to reset your demo balance from your Personal Area if your account runs low or you want to start fresh. The reset restores your balance to your original starting amount and resets all open positions.
Go to justmarkets.com and log in.
Find the demo account you want to reset in the Accounts list.
Select the option to reset or adjust the demo balance.
All open positions are closed at current market prices and the balance is restored to your chosen starting amount.
Frequently Asked Questions — JustMarkets Demo Account
Open a JustMarkets Account — Demo and Live Both Free
Register with email only · $10 minimum for live · No expiry on demo · 260+ instruments