Rakuten Securities to start offering demo trading on MARKETSPEED FX platform in June
The Japanese retail FX broker will start accepting applications for demo accounts for MARKETSPEED FX on June 4, 2018.
Japanese retail Forex broker Rakuten Securities, a subsidiary of Rakuten Inc (TYO:4755), is making the next step towards enlarging its client base by offering trading in demo environment on its proprietary Rakuten FX platform, in particular – its desktop version MARKETSPEED FX.
Earlier today, the broker announced that demo trading on Rakuten FX will soon be available, as the company will start accepting applications for Rakuten FX demo accounts from June 4, 2018.
To apply for a demo account, traders have to enter their user name and email address from a form on Rakuten’s website. After that, they will receive an e-mail containing the login ID and password of the demo account. After the download of MARKETSPEED FX, they will be ready for FX Demo trading. The use of the platform will be free of charge and traders can use virtual funds of JPY 5 million.
Opening a Rakuten FX demo trading account is possible also for those that do not have an account with Rakuten Securities. Rakuten FX’s demo trading account is set to allow traders to make use of trading conditions similar to those in live environment.
Another of the online trading companies that is a part of the “Rakuten family” – Rakuten Securities Hong Kong Limited, also offers demo trading on Rakuten FX (and MARKETSPEED FX, in particular). The platform offers trading in a variety of currency pairs. The supported order types include: AS Streaming, Streaming, Stop, Limit, OCO, IFD, and IFO. There are also 40 indicators and fast one-click order execution.
The latest platform upgrade saw the addition of Reuters RSS news on MARKETSPEED FX, iSPEED FX and Rakuten FX Web. There is also greater margin flexibility. After the changes, only 1 side requires margin (an entry order does not require margin), whereas margin counts on the side that requires larger amount.
Japan’s Rakuten Securities plans more initiatives for owners of demo accounts for Rakuten FX, as trading contests are poised to launch in July.
