Explaining the difference between "Live" and "Demo" accounts.
Once you register at FlowBank you can choose between opening a “LIVE” or “DEMO” account. In essence, the DEMO account offers virtual €1,000,000 so you can practice your trading skills and try your strategies. The LIVE trading account allows you to perform real-time trades.
Here’s how the two accounts are different:
List of documents required for an Individual Trader (LIVE)
List of documents required for a Corporate Trader (LIVE)
No documents needed to open a DEMO account. Simply sign up and set a password
Delayed by at least 30 minutes (DEMO)
Zero funding required. DEMO account offers virtual €1,000,000 to practice your trading skills
Monetary Profit / Loss
Borne by the trader (LIVE)
No profit/loss (DEMO)
If you run out of virtual funds on your Demo account, visit the Settings page in the client's area of my.flowbank.com and click on the Reset Demo Button.