FXTM Demo Account: MT4, MT5, Virtual Funds and Expiry Rules

FXTM offers a free demo account with virtual trading funds, but the published time limit is not a blanket 30-day expiry. Its current demo trading overview requires at least one trade within the first 14 days and describes continued access after that. A separate practice-account setup guide says accounts close after 14 consecutive days without use. Treat the ongoing inactivity rule as a material condition until FXTM confirms which wording applies to the particular account.

The demo is useful for learning order entry, reading charts and rehearsing position sizing without depositing money. It is less useful as a prediction of live fill quality or trading costs. For readers in Great Britain, there is an additional eligibility concern: FXTM announced that Exinity UK Ltd ceased trading services in 2026, so an internationally advertised demo must not be presented as an available UK offering.

FXTM demo account at a glance

These are details from FXTM's published product and help materials checked on 5 November 2026, not results of opening an account ourselves. Actual onboarding screens and the legal entity serving the applicant determine what can be used.

How long does an FXTM demo account last?

There is no verified universal 30-day FXTM demo expiry. The current general demo FAQ says an account can be used without a stated overall time limit if its holder trades within 14 days of opening. It specifies automatic closure if no first trade is made during those 14 days. The Nigeria-region demo page carries that same first-trade wording; it should not be treated as proof that every country and entity has identical terms.

There is an important unresolved qualification. FXTM's practice-account guide says a trading account will be automatically closed if it is unused for 14 consecutive days. That is more restrictive than the impression created by the product page's open-ended duration statement. Both conditions can matter: trade promptly after setup, and do not assume one initial trade protects an inactive practice account indefinitely.

If you need a demo to remain available throughout a longer strategy review, ask FXTM support which inactivity rule, platform, demo account type and entity apply. Request confirmation before relying on an existing practice account or a saved trading history. The old title's 30-day deadline and the old FAQ's possibility of an extension on request are not verified as current general terms.

Who can open the demo? Country and legal-entity checks

The public FXTM licensing information identifies Exinity Limited in Mauritius, alongside other group entities and arrangements. The demo pages are not evidence that one regulator or one set of account conditions covers every visitor. Check the contracting company shown during registration, your country of residence and the available account type rather than treating the brand name as a universal licence.

For UK readers this distinction is decisive. The official FXTM UK decommissioning notice says Exinity UK Ltd decided to cease trading services from 7 April 2026, with accounts restricted and subsequently closed through June 2026. FXTM's general trading terms page also lists the United Kingdom among jurisdictions where Exinity Limited does not provide services. A UK resident should not follow global demo signup instructions on the assumption that a UK-regulated FXTM demo remains open.

Applicants elsewhere should check the restrictions for their own jurisdiction. Demo access does not establish eligibility to open a live account, receive a particular leverage level, or use a particular regulator's investor protections.

FXTM MT4 versus MT5 demo: which platform can you practise on?

FXTM's practice setup guide provides separate paths for MetaTrader 4 and MetaTrader 5. The steps describe an MT4 option labelled “Looking for MT4 instead?” and different trading-password setup flows for MT4 and MT5. That supports saying both platforms appear in official guidance, not promising both on every new application.

There is a second documentation difference worth noting. The setup guide names Advantage and Advantage Plus demo accounts, whereas FXTM's current account explainer describes a Rewards Plus demo on MT5. Product names and default onboarding may have changed. Choose the platform and account type shown in your own eligible client portal and confirm with support if you specifically need an MT4 demo or an account that mimics an intended live account.

• MT4: Useful for practising familiar MetaTrader chart tools and testing MT4-compatible automated strategies. The published help route indicates that MT4 selection is not necessarily the default.
• MT5: FXTM's newer account explainer describes a Rewards Plus demo on this platform. Do not infer that an MT5 demo includes all securities available in a funded MT5 account.
• Matching a planned live account: Check symbols, contract sizes, margin settings and costs individually. A platform label alone does not make the demo an exact reproduction of a live account.

The practice guide describes a USD demo with default 1:500 leverage, says its demo leverage cannot be changed and refers to a maximum of ten simultaneous practice accounts. Those are documented settings in that guide, not a guarantee that the same configuration appears for every country, account variation or updated interface.

Virtual balance and tradable products

The FXTM account funding FAQ gives a starting balance of $1,000 in virtual funds, with the option to add practice funds up to $20,000 from the account area. The demo product page describes $1,000 funding increments. These amounts are simulated purchasing power, not cash, a withdrawable bonus, investment capital or a promise about the minimum live deposit.

FXTM advertises demo access to forex, metals, indices, commodities and cryptocurrency markets, with the exact selection constrained by the platform and demo account. Its demo FAQ specifically says stock CFDs are not available. That restriction matters to anyone hoping to practise stock CFD strategies before switching to live trading. Check the actual symbol list rather than assuming the full live product catalogue, including share CFDs or cash equities, is reproduced.

There is no broker charge to open or use the virtual account under the published demo description. That does not mean a comparable live account has zero spreads, commissions or overnight financing charges. A demo may display simulated trading costs, but actual live charges depend on the account, symbol and trading conditions.

How to create and use an FXTM practice account

1. Check eligibility first. Read FXTM's official demo offer and the regional restrictions. UK residents should review the service-closure notice rather than assume current signup access.
2. Register or sign in to your FXTM client profile. The public demo offer starts with an email address. Additional verification and profile questions depend on the onboarding flow.
3. Switch to practice trading. The FXTM help instructions describe Profile > Switch to Demo Trading, followed by “Set up demo account”. Interfaces can change.
4. Choose an offered platform and account type. Confirm whether the portal provides MT4, MT5, or both. Follow any trading-password instructions, and use the server credentials assigned to the created account.
5. Place a practice trade within 14 days. This is essential under FXTM's published first-trade rule. Keep the additional 14-consecutive-day inactivity wording in mind; seek confirmation rather than rely on unlimited access.
6. Rehearse with realistic assumptions. Track position size, spreads, stop levels and trade rationale. Compare the intended live account's contract specifications before funding anything.

You do not need to deposit live funds to practise. If you have lost access, check the demo account status and login server in your FXTM client portal, then consult support about creating a replacement. The currently reviewed primary sources do not establish a universal self-service reset or deletion process, so this article does not promise one.

How the demo differs from live trading

Simulated funds let you test order types, chart setups and the mechanics of opening or closing positions without putting deposited capital at risk. They do not measure how you react to genuine financial losses. A profitable demo record is not proof of an effective strategy after trading costs, liquidity changes and operational risk are included.

Execution is another gap. In a live account an order can fill at a different price from the price requested. FXTM's guide to slippage and market gaps explains that changing quotes can create favourable or unfavourable price differences. A demo showing familiar market prices is not evidence of identical fills, order rejection rates or latency when real liquidity is involved.

For a practical check, write down your intended live trading costs and margin rules, then compare them with each demo trade. Test how a strategy behaves when spreads widen and when a stop fills away from the requested level. Check whether the demo symbol, contract size and leverage match the live product. These exercises expose assumptions, but they cannot prove future live execution.

Our assessment: who benefits from FXTM's demo?

For an eligible non-UK applicant, FXTM's practice environment is a reasonable starting point for learning the MetaTrader workflow, exploring the advertised non-stock asset classes and testing position-sizing rules with virtual funds. It is free to use and does not require a deposit. The main drawback is not the small initial practice balance, since the published top-up limit allows more virtual capacity; it is the uncertainty around post-opening inactivity and the difference between current product names and older setup instructions.

We would not choose it based on a promised 30-day term, unconditional long-term availability or an assumption that every advertised market works on both MT4 and MT5. Before depending on the demo for an extended test, verify the current first-trade and inactivity terms and save results outside the account. If UK eligibility matters, the decommissioning notice takes priority over the general international demo marketing.

Risk warning: FXTM demo trading uses virtual funds, so simulated losses do not remove real deposited money. Live forex and CFD trading is different: leveraged positions can lose capital rapidly, and spreads, overnight charges, slippage, market gaps, rejected or delayed orders and platform interruptions can materially change results. Stop-loss orders and a successful demo strategy do not guarantee execution prices or prevent losses. Availability and legal protections depend on your country, contracting entity and live account terms. Read FXTM's risk disclosure before considering a funded account.