Trading account types
Doto users get access to two types of accounts — real and demo. The main difference between them is that you use virtual money on the demo account, but real funds on the real account.
Demo account trading
The demo account offers a safe environment for Doto users to get first-hand experience trading on the real market. With the demo account, traders can get a feel for the market and try out new strategies, which gives them an understanding of what trading really looks like. Available immediately after registration, the demo account is free to use and mimics the mechanics of a real account while providing real-time market statistics and movements.
The demo account can be used for:
- Understanding the platform
- Practicing your trading skills
- Testing a strategy
- Trading in a risk-free environment
- Seeing what the spread will look like
You can create multiple demo accounts in the My accounts section of the menu. Click the Demo tab and press Open a new account. There, you need to choose the type of account (Demo or Real), trading platform (Doto, MT4 or MT5), the size of the leverage and the account password.
If you want to reset the virtual funds on any of them, you can do so via My accounts → Demo. After that, click on the three dots and press Add balance. You can also change leverage and the account name there.
Note that profits or losses from trading on the demo account are in a virtual currency with no real value. Consider utilizing a real account if you wish to engage in trading with actual funds, so you can retain any profit or losses incurred during the process.
Real account trading
A real account is similar to a demo account. It looks the same and has all the same features for trading financial instruments, but the funds used to make each trade are real money deposited to the account before trading. On the demo account, you can’t replicate the full range of emotions and decision-making a trader faces when trading with real money.
The real account is a live trading environment where you control the trades and the funds deposited in your account. Any profit and losses generated by trades on this account are permanent and cannot be undone. You can create multiple real accounts to suit different trading strategies.
Archived accounts If you want to stop using one of your trading accounts, you can archive it.
Archived accounts are excluded from the Real and Demo tabs in My accounts. Archived accounts are not listed on the Deposit, Trade, Withdraw or Transfer screens.
You can always restore any archived account by going to your Archived accounts tab and pressing Restore next to the account you want to unarchive.
