How to fund a demo account with virtual money when trading in MetaTrader

A demo account on a trading platform is one of the most essential tools for both beginner and professional traders.

It is used to practice the technical aspects of opening trades, and to test various strategies and scripts for automated trading.

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

But what if you lose your deposit as a result of an unsuccessful trade? This is a fairly typical situation when trading on demo accounts

There are two options for replenishing your demo account with any amount and starting trading on the exchange again: open a new one or top up an existing one.

Open a new demo account

This can be done in just a couple of minutes directly on the MetaTrader trading platform using its functionality:

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

Select the broker server with which you want to open a new demo account, then on the new tab, select the account type "Demo":

Afterwards, fill in all the registration information, enter the deposit amount you want to have on your balance, select the leverage amount , and check the box next to "I agree to receive news by email":

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

How can I 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 RoboForex, you can top up an existing demo account in just a couple of minutes, as long as it's opened in the trader's account, not through the trading platform.

In the trader's account, select the "Funds" and "Top Up" tabs from the top menu:

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, and at the same time, it will also increase in the trading platform itself.

As you can see, topping up an existing demo account is entirely possible and straightforward, as long as your broker allows it and the account is opened through the trader's account.

Decide for yourself what's more convenient for you: opening a new account or adding to an existing one. In my opinion, the latter option is more practical, since you can see the entire trading history and objectively evaluate its effectiveness.

Read also: What to choose for training: a demo or a cent account