Forex at SprintFX is an Online Forex Trading Service Provider offering online forex currency trading to FOREX brokers and traders, instant order execution, lowest FOREX spreads, flexible starting capital, fast deposits and withdrawal, local support, and most of all, solid funds security. Most demo accounts are free and allow beginner traders to explore, try out and practice trading in FX without the risk of losing real money. The only difference is that virtual money, not real money is used, and hence a beginner trader does not run the risk of losing money during trading.
While this is a major plus for beginners, the drawback is that beginners cannot as yet appreciate trading on a real account. They can also get to explore the different software and the features available on each platform, before embarking on real trading.
Also the fact that in demo accounts, traders trade with virtual money, they may not take trading seriously, as there are no real risks involved.
While FX trading demo accounts are most helpful and help beginners to get acquainted with the markets, the fact remains that they are exactly that-demo accounts. Our competitive trading conditions include 2 pip spreads on six pairs, leverage of up to 200:1, no commission on all trades, and streamline dealing for up to 20 million and no maintenance margin!
What happens there is not a true reflection of what happens in real trading which may confuse and exasperate traders.
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