1. Different risks: Foreign exchange simulation accounts do not need to bear any risks, while real accounts do.
2. Different simulated funds: Simulated accounts will have different amounts of simulated funds for simulated order operations and can be opened on the dealer platform. Real accounts are operated with real funds.
3. Different trading systems: Simulation accounts cannot use the telephone trading system, but real accounts can use the telephone trading system.
4. The operation process is different: everything in the operation process using the demo account is free and does not require any funds. The real account requires payment and any capital investment.
Extended information:
Notes on opening a foreign exchange account:
1. When opening a foreign exchange account, users must understand that foreign exchange is traded in the form of currency pairs. Each currency has an internationally unified symbol.
2. When investors open a foreign exchange account, investors must pay attention to the qualifications and strength of the selected platform and choose a formal and regulated platform. This is the fundamental guarantee of capital security.
3. The information required for opening a foreign exchange account must be complete. The information required for online account opening includes investor ID card information, bank card information, investor signature documents, email account number, etc.
4. Foreign exchange account opening funds are remitted to a third-party custodian bank. Regular traders will require investors to remit funds to the third-party custodian bank where the trader is located. Any platform that transfers funds in an individual’s name will It is informal and investors should pay special attention to it.
5. To open a foreign exchange account, you also need to provide some signed documents, which is one of the important guarantees. In other words, signing an agreement is usually used as a guarantee to prevent subsequent disputes. You can set a maximum limit for the account. protection.
Baidu Encyclopedia-Simulated Foreign Exchange
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