How to top up a demo account with virtual money when trading in metatrader

A demo account in a trading platform is one of the most necessary tools for both a novice trader and a professional.

On it, technical aspects of opening transactions are worked out, various strategies and scripts for automatic trading are tested.

When opening a new demo account, you can specify almost any balance amount; by default, the trading platform offers $5,000.

But what to do if, as a result of an unsuccessful transaction, you lost your deposit, because this is a fairly typical situation when trading on demo accounts?

There are two options for how to top up a demo account with any amount and start trading on the stock exchange again - open a new one or top up an existing one.

Open a new demo account

This can be done in almost a couple of minutes directly in the metatrader trading platform using its functionality:

To do this, in the navigator on the right side, select the “Accounts” tab, right-click on “Open an account” and proceed to the process itself.

We select the broker server where we want to open a new demo account, then on the new tab we indicate the account type “Demo”:

Afterwards, we fill in all the registration data, enter the deposit amount that we want to have on our balance sheet, select the leverage amount and check the box next to “I agree to receive news by mail”:

As a result, you have a new replenished demo account with the required deposit amount.

How to top up an existing demo account without opening a new one?

It turns out that such an opportunity also exists, but unfortunately, not all brokers offer it.

For example, with the RoboForex broker you can top up an existing demo account in just a couple of minutes, the main condition is that it be opened in the trader’s account and not through the trading platform.

In the trader’s office, in the top menu, select the “Funds” and “Deposit” tab:

Then we select the account to top up and enter the amount by which we want to increase the balance and click top up.

Afterwards, we update the data and see how the balance has increased; at the same time, it will increase in the trading platform itself.

As you can see, replenishing an existing demo account is quite possible and does not pose any difficulties, the main thing is that your broker allows you to do this and the account itself is opened through the trader’s account.

Decide for yourself what is more convenient for you, open a new one or replenish an existing one. In my opinion, the latter option is more practical, since you see the entire trading history and can objectively assess its effectiveness.

Read also - what to choose for training, demo or cent account