Free Trading | Demo Trading | Learn Share Trading
What is a Demo Account/Demo Trading?
The person intending to open the demo account has to fill in a online form giving few important details about him.
It is an exact replica of live trading platform with charts, market watch, trading screen etc. and have all sets of live trading rules embedded in it.
Traders / Investors can learn and practice trade / invest in Indian stock market through this product with the help of the virtual money given to them by the brokers.
However, they cannot withdraw any profits if it is accrued in their account through successful trading activities nor do the brokers expect them to pay the debits in their account if they make some losses through the trading activity in the demo account.
These accounts are available for a limited period of time. They help a person to get used to the interface of the account, and test things, without losing actual money.
There are no fees (free Trading) or charges attached to the opening of demo account.
It is a product designed for new comers and amateurs to usher them to the world of capital markets and give them a live & simulated experience of trading in these markets. Moreover, this product will also help people who are primarily trading in cash market / delivery segment and is not too confident of trading in F&O segment, to understand, practice and trade in these segments.
The person intending to use the demo account have to accept the terms and conditions pertaining to demo trading before opening the account.
On submission of the form, the client receives an email containing his user id and password and the client can download the platform from the link provided in the email.
Once the request for the demo account is received, the account is activated immediately.
Demo account helps new clients to test the services of the broker before they decide to open a live account with the broker.
Once the client is completely sure about his trading aspects, he can then open a live / real account with the broker.
The prices displayed in the demo platform are 5 minutes delayed from the live market prices and are coming from a third party vendor who have redistribution rights for the price feeds.
These accounts are available for a limited period of time. They help a person to get used to the interface of the account, and test things, without losing actual money.
"Bonanza Portfolio Ltd” is happy to provide its customers and people interested in learning the nuances and trading in Indian stock market through a unique and a first and one of its kind products called Demo Trading. You may call it virtual trading, simulator, practice account or whatever name you may want to identify the product, but as long as you can get the exact experience, a exact replica of a real trading platform, with all the risk management (RMS) rules and a back office to track all your trading history you have the best Demo trading platform currently available in Indian markets.”
Site: http://www.bonanzaonline.com/demo-trading
Source: Bonanza Portfolio Pvt. Ltd
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