Demo account

The demo account: a rehearsal, with nothing at stake.

A demo account is a practice account on a trading platform, funded with virtual money. It teaches the platform and the mechanics of a trade. It does not show what trading with your own money is like, and this page says where the two part.

Open a demo account The same order, twice

What happens next

Say where you live. On this website. No name and no e-mail address is asked for here, and nothing is stored.
Register in the client portal. Your name, e-mail address, a password and your country; acceptance of the Terms and the Risk Disclosure. Then you confirm your e-mail address.
Choose your virtual funds and open the terminal. 10,000, 50,000 or 100,000 in virtual US dollars. Demo prices are simulated, not market prices.

What it is

The real platform, with pretend money.

A demo account works like a trading account: orders are placed on the same ticket, positions appear in the same window, and margin, profit and loss are worked out by the same arithmetic. Two things in it are not real. The balance is virtual, and on 777 Raptor the prices are simulated: they are not market prices.

That makes it the place to learn what cannot be learned by reading: where things are on the platform, what an order type does when the price reaches it, how a stop loss is moved, and how margin is set aside and released. It is also where a set of rules can be followed for a few weeks to see whether it can be followed at all.

What it is not for is finding out whether trading will go well. A demo result is produced without the two things that decide most live results: a market that has to be dealt with, and money that can be lost.

Try it first

An order ticket, with nothing to sign.

The simulated prices a demo account runs on, and a ticket to place an order against them. It is a demonstration on this page: it opens no account and keeps nothing.

Your first week on 777 Raptor

Demonstration. Simulated prices, not market prices. Nothing here is saved and no account is opened.

Orders are kept in this page’s memory for this visit only and vanish when you leave. The balance is 10,000.00 in virtual US dollars; margin is worked at 1:100. Open a demo account

Symbol

Bid · you sell at: –
Ask · you buy at: –

Reading

Reading the candles…

One-minute candles, last hour. Simulated, not market prices.Low – · high –

Lot size

1.00 lot = 100,000 EUR. Margin for this order: –.

Stop-loss

Take-profit

Prices, not distances. For a buy the stop-loss goes below the bid and the take-profit above it; for a sell, the other way round.

Reading the simulated prices…

Balance: 10,000.00 USD
Equity: 10,000.00 USD
Margin: 0.00 USD
Free margin: 10,000.00 USD
Margin level: no open position

Open positions

None. A position appears here when you buy or sell, and is valued at the simulated price as it moves.

A buy is filled at the ask and closed at the bid; a sell, the other way round. Profit is counted in the quote currency and turned into US dollars at the simulated rate of the same moment. At a margin level of 20% the position losing most is closed, as on a demo account. No spread beyond the one shown, no commission and no swap is applied here.

An explainer

The same order, twice.

One order is sent on a demo and on a live account. Make the market thinner and watch what the live fill does while the demo does not change.

SimulationInvented figures on an example market. Educational information, not investment advice or a recommendation to trade.

How thin the market is: thin (5.3 lots on offer at each price)

On the demo, all 10 lots fill at once at the price asked. On the live example the order fills in 2 parts at 2 prices: 5.3 lots at the price asked and the rest at up to 0.9 pips worse, which is 0.4 pips worse on average.

Demo: parts: 1
Demo: slippage: 0.0 pips
Live example: parts: 2
Live example: average slippage: 0.4 pips

Average slippage = the sum of (lots filled at a price × its distance in pips from the price asked) ÷ lots ordered.

Invented figures: an order of 10 lots, and an example market whose depth and spacing the slider sets. It is not market data and not a description of how any broker, GIO4X included, fills an order. The gold rule is the price asked; each outline is what is on offer at a price.

Demo and live

Four things a demo leaves out.

None of this is a fault in a demo: it is what a practice account is. The same four differences apply, more strongly, to a simulation, and the Practice desk sets them out for itself under Real markets behave differently.

The glossary has the terms: slippage and liquidity.

Fills.
A demo order is usually filled whole, at once, at the price on the screen. A live order is filled at the price available when it reaches the market, which may have moved in the moment between the click and the fill. The difference is slippage, and it can go either way.
Liquidity.
Nobody has to be found to take the other side of a demo order, so its size makes no difference. In a live market only so much is on offer at each price. A large order, or an ordinary one in a quiet hour or around a news release, can be filled in parts at several prices.
Emotions.
Virtual funds cannot be lost, so a loss on a demo is not felt. The decision to hold, cut or add is a different decision when the money is your own, and a steady hand on a demo says little about a steady hand afterwards.
Costs.
A demo may show a spread that holds still where a live one widens, and it may not apply swap or commission as a live account does. A balance far larger than the sum a person would deposit also hides what costs and position sizes mean on a real one.

Not the same thing

A demo account and the Practice desk.

This website has a Practice desk. It is a simulation on a web page, on an invented price, and it is not a demo account. Each is useful for something different.

Open the Practice desk

A demo account compared with the Practice desk on this website
Point of comparison	Demo account	Practice desk
What it is	An account on a trading platform, funded with virtual money.	A simulation that runs on a page of this website.
The prices	On 777 Raptor, simulated by GIO4X’s own engine for the symbols the terminal lists, and labelled as simulated. Not market prices.	An invented price, generated in your browser. No real instrument.
Getting one	Opened in the client portal, with a registration.	Nothing to open: no account and no registration.
What it teaches	The platform itself: its order ticket, its charts and its order types.	The mechanics of a trade, with every calculation shown.
What it is not	A live account. Fills, costs and pressure differ.	A demo account, a platform or a market.

What to practise

In this order.

The order runs from what a demo teaches well to what it teaches least. Each step links to the lesson or the tool that explains it.

01
The platform, before any strategy.
Where the order ticket is, what each field means, how an order is changed and how a position is closed. A mistake with a button is cheapest when nothing is at stake.
Order anatomy Your first trade
02
Size.
Working out how large a position is from the distance to the stop and the amount put at risk, instead of typing a round number of lots.
Position size calculator Lesson: position sizing
03
Margin and leverage.
How much of the balance a position sets aside, and how quickly the margin level falls when the price moves against it.
Margin calculator Lesson: leverage and margin
04
Stops and targets.
Placing a stop loss and a take profit with every order, and reading the trade as a ratio of what is risked to what is sought.
Risk / reward Lesson: the risk-reward ratio
05
What a trade costs.
The spread paid on entry, any commission, and the swap on a position held overnight, counted before the trade and checked after it.
Cost Lab
06
A record.
Writing down why each trade was taken and what happened. A demo with no record teaches the buttons and little else.
Journal
07
Yourself, as far as a demo allows.
Following the plan when a trade goes wrong is the one thing a demo cannot fully rehearse. It is still worth noticing where the plan was dropped.
Lesson: trading psychology

GIO4X demo terms

What a GIO4X demo is.

These are what the client portal and the terminal do today. What has not been decided is listed beneath as not yet published.

Your first week on 777 Raptor

What it is funded with: A demo account is opened with 10,000, 50,000 or 100,000 in virtual US dollars: you choose. They are not money: they cannot be withdrawn, and nothing gained or lost with them is real.
How many: You may hold five demo accounts at most.
Reset: A demo account can be reset from the client portal: its open positions are closed, its pending orders cancelled, and its balance set to the amount you choose. A reset cannot be undone.
The prices: Demo prices are simulated by GIO4X’s own engine: a random walk around a drifting level, moving about every two seconds. They are not market prices, and the terminal labels them as simulated.
How orders are filled: A demo order is filled at the engine’s price: the ask to buy, the bid to sell. Stop-loss, take-profit, pending orders (limit and stop) and the stop-out, by default at a margin level of 20%, are carried out by the server.
What carries over: Nothing. No balance, position or history in a demo account carries over to a live account.

Not yet published

How long a demo account lastsNot yet published
Whether demo conditions match those of each live accountNot yet published

Opening one

Where a demo is opened.

A demo account is opened in the GIO4X client portal, after registering there. It is not opened on this website. GIO4X will never ask for your password or a one-time security code by email or message.

Open a demo account

The first step is on this website: you say where you live. Registration then continues in the client portal, and the demo account is opened there after your email address is confirmed.

Open a demo account

What happens next

Say where you live. On this website. No name and no e-mail address is asked for here, and nothing is stored.
Register in the client portal. Your name, e-mail address, a password and your country; acceptance of the Terms and the Risk Disclosure. Then you confirm your e-mail address.
Choose your virtual funds and open the terminal. 10,000, 50,000 or 100,000 in virtual US dollars. Demo prices are simulated, not market prices.

Questions people ask

About demo accounts

What is a demo trading account?: A demo account is a practice account on a trading platform. It is funded with virtual money, so orders can be placed, managed and closed without any real money being gained or lost. It is for learning how a platform and the mechanics of a trade work.
Is a demo account the same as live trading?: No. A demo order is usually filled whole at the price shown, while a live order can slip or fill in parts when the market is thin. A demo may not reflect live costs, and decisions made with virtual funds are not the decisions made with your own money. A result on a demo says nothing about a result on a live account.
What is a GIO4X demo account funded with, and how long does it last?: A GIO4X demo account is opened in the client portal with 10,000, 50,000 or 100,000 in virtual US dollars, and it can be reset. Five demo accounts may be held at most. How long a demo account lasts has not yet been published.
Are the prices on a GIO4X demo account market prices?: No. Demo prices on 777 Raptor are simulated by GIO4X’s own engine, a random walk around a drifting level, and the terminal labels them as simulated. They are not market prices, and nothing in a demo account carries over to a live account.

Risk warning

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

Risk disclosure

Continue

Fetching the page

The demo account: a rehearsal, with nothing at stake.

Open a demo account The same order, twice

What happens next

Say where you live. On this website. No name and no e-mail address is asked for here, and nothing is stored.
Register in the client portal. Your name, e-mail address, a password and your country; acceptance of the Terms and the Risk Disclosure. Then you confirm your e-mail address.
Choose your virtual funds and open the terminal. 10,000, 50,000 or 100,000 in virtual US dollars. Demo prices are simulated, not market prices.

Demo account

Practice desk

What it is

An account on a trading platform, funded with virtual money.

A simulation that runs on a page of this website.

The prices

On 777 Raptor, simulated by GIO4X’s own engine for the symbols the terminal lists, and labelled as simulated. Not market prices.

An invented price, generated in your browser. No real instrument.

Getting one

Opened in the client portal, with a registration.

Nothing to open: no account and no registration.

What it teaches

The platform itself: its order ticket, its charts and its order types.

The mechanics of a trade, with every calculation shown.

What it is not

A live account. Fills, costs and pressure differ.

A demo account, a platform or a market.

About demo accounts

What is a demo trading account?

A demo account is a practice account on a trading platform. It is funded with virtual money, so orders can be placed, managed and closed without any real money being gained or lost. It is for learning how a platform and the mechanics of a trade work.

Is a demo account the same as live trading?

No. A demo order is usually filled whole at the price shown, while a live order can slip or fill in parts when the market is thin. A demo may not reflect live costs, and decisions made with virtual funds are not the decisions made with your own money. A result on a demo says nothing about a result on a live account.

What is a GIO4X demo account funded with, and how long does it last?

A GIO4X demo account is opened in the client portal with 10,000, 50,000 or 100,000 in virtual US dollars, and it can be reset. Five demo accounts may be held at most. How long a demo account lasts has not yet been published.

Are the prices on a GIO4X demo account market prices?

No. Demo prices on 777 Raptor are simulated by GIO4X’s own engine, a random walk around a drifting level, and the terminal labels them as simulated. They are not market prices, and nothing in a demo account carries over to a live account.

Risk warning

Risk disclosure

The real platform, with pretend money.