A demo account lets you trade with virtual funds on live (or simulated) market prices, using the broker's real platform, without risking any actual money. It's the standard way to learn a platform's order types and test a strategy before committing capital.
Demo trading can't fully replicate live conditions — real slippage, real emotional pressure, and sometimes even real execution speed all differ — so consistent demo profits don't guarantee the same results on a live account.
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Guide
Account Types, and What Actually Changes Between Them
Standard, raw, cent, swap-free, professional. What genuinely differs between the tiers, and the one reclassification that costs you protections.