Online forex broker Tadawul FX has launched its new demo trading accounts, which it said enjoy exactly the same trading conditions as live accounts.
Demo accounts are an aspect of online forex trading, as they allow traders to familiarize themselves with the financial instruments available with a particular broker and also the trading platform provided before investing actual funds and taking any risks with their own money. A demo account also allows testing of new trading strategies, robots or advisers, allows traders to practice and learn to read market news and signals and how to best capitalize on market opportunities, without taking on any costs. Building up experience on a demo platform can also give traders valuable insight into how trading with their chosen broker will be once they start trading with a live account.
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TDFX MT4 demo trading accounts are available for free to all traders and provide them with a risk free testing and learning environment, in a multilingual trading platform.
Further to the exciting new changes introduced, any traders signing up to the Tadawul FX demo MT4 account now have the option to select all their account parameters on the online application form provided, in very much the same way as the Live Account application allows them to choose their trading conditions and account type requirements.
Traders are able to select their base currency, leverage and account type and once trading in the demo platform, also enjoy the same fixed spreads for their practice trading as they would for a live account with Tadawul FX. TDFX demo accounts provide a real- life learning environment, which traders can utilize to develop, test and perfect their trading techniques and risk management strategies.
TDFX is known for placing great emphasis on customer service and this has also been central to the design of the new demo account application process. All traders who complete the registration process are automatically assigned a dedicated personal account manager, who is available to contact at any time for assistance with their demo account. Upon activation of the demo account, the trader immediately receives notification of their account manager's name and direct contact details. The system is also set up to cater for the global client base of Tadawul FX so that the client's location will also be used to determine the most suitable account manager available at the time for their needs and responsible for their region, and in many cases speaking their language.
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