How to open a free MT5 demo account for crypto

Step 1: Choose a trusted MT5 broker that offers crypto

Some top MT5 brokers that support crypto trading include:

• XM
• Exness
• IC Markets
• RoboForex
• Eightcap

Ensure the broker:

• Offers crypto trading on MT5.
• Provides a demo account with real-time market data.
• Has a good reputation, proper licensing, and low latency.

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Step 2: Go to the broker’s demo account registration page

Example for XM:
Open demo account

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Step 3: Fill in the registration form

You’ll typically need to provide:

• Full name
• Country of residence
• Email address
• Preferred platform (select MT5)
• Account type (e.g., Standard, Micro)
• Base currency (e.g., USD, EUR)
• Leverage (e.g., 1:500)
• Virtual deposit amount (e.g., $10,000)

No payment or credit card is required.

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Step 4: Download the MT5 platform

After registering, download MT5 for:

• Desktop (Windows/macOS)
• Mobile (iOS/Android)
• Web Trader (no installation required)

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Step 5: Log in to your demo account

Use the login credentials sent to your email to access the demo account on the MT5 platform.

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Step 6: Start trading crypto

Search crypto instruments in the “Market Watch” window such as:

• BTCUSD (Bitcoin)
• ETHUSD (Ethereum)
• XRPUSD (Ripple)
• LTCUSD (Litecoin)

Drag the asset into a chart window and place demo trades to begin practicing.

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Tips for getting the most out of your MT5 crypto demo account

• Track performance: Use MT5’s reporting tools to analyze trading strategies.
• Stay informed: Follow crypto news to simulate real-time decisions.
• Practice risk management: Use stop-loss and take-profit tools. More information about trading strategies.
• Set goals: Treat your demo trading like real trading for best learning outcomes.

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MT5 Demo Account – FAQ