The abundance of available software makes human life more convenient than decades ago. Not only can we access the latest news or do our shopping. Even foreign currency trading has become accessible to anyone. Thanks to Alpari, the service is now provided in South Africa. Discover how to open an Alpari demo trading account for Nigeria and profit from currency value changes.
The purpose of a demo account provided by the broker is training. Before you venture out into the world of real Forex trading, it is vital to explore the features of the platform and gain experience opening and closing deals. Hence, every retail trader starts with a risk-free demo account. Not only does it guarantee complete safety, but it is also incredibly easy to obtain.
Step 1. Choose Your Provider
Although the MetaTrader platform may be easily downloaded from free sources, it is useless without registration. A broker will not only open an account for you. The company provides the whole package of related services, from money transfers to around-the-clock customer support. Since Forex trading is a serious endeavor, you will need efficient guidance and smooth finance procedures.
Many brokers advertise their services in Nigeria, but few can be trusted. Alpari International, a part of a well-established brand with two decades of history, stands out for a number of reasons. Aside from the lengthy experiences and 2+ million clients gained over the years, it offers favorable conditions and enhanced convenience for traders. There are countless instruments to trade, attractive spreads, easy deposits and withdrawals, regular rewards, and much more.
Whether it is currency trading, stocks or commodities that interest you, the broker makes it possible. The company is officially licensed, and it is subject to supervision by the Financial Services Commission (FSC) in Mauritius, where it is registered and headquartered.
Setting Up a Demo Account
As the demo mode involves no real money, the registration process is very straightforward and quick. All you need to do is head to the broker’s website and fill in a simple form. After submitting your name and contact details, you will receive login information by email.
These credentials (Account ID as login and main password) are then entered in the corresponding form on the MetaTrader platform (4 or 5). Just open the File tab and locate the ‘Log in to Trade Account’ option. This completes the procedure, unlocking all the useful features of the software. Subsequently, you will see details of your active account in the Navigator window, which is on the left-hand side of the screen.
Getting the Software
There are two versions of the platform available today (MT4 and MT5). Either can be downloaded from the broker’s official website. Smartphone users may find mobile versions in the Google Play market and App Store. This advanced finance software works on any kind of device, whether desktop or portable.
Take time to explore the market and understand how profit is gained. Once you feel your knowledge is sufficient, you can switch to a live account easily. The broker will require you to submit a few documents and answer a set of questions. Once your identity has been verified, new login details will be sent to you. Now, you are able to work with real money on the exchange.