cTrader supports Demo and Live trading accounts. This section deals with the types of trading accounts, opening new trading accounts, switching between the trading accounts, etc.
Demo
A Demo account is a risk-free trading environment where you can practice trading and learn the cTrader Web main functionality and options. A Demo trading account (hedged) is automatically created for you when you sign up for the cTID profile, and the virtual funds (1000 EUR) for trading on the virtual market are automatically awarded to you.
Note that you can not withdraw any funds from the Demo account.
If you need an account of different type/currency, you can easily create another Demo account.
To create a Demo account:
Alternatively, click on the current trading Account from the QuickLinks bar and select Create New Trading Account from the Accounts selector dropdown.
When done, click Create Account.
When the account is created you will be automatically logged into it and notified with the respective message to the upper right (if notifications are enabled).
Live
Live accounts allow trading on the real market with real money. To open a Live account you should contact your broker. Some brokers allow creating Live trading accounts with zero balance directly from the app.
Note that not all brokers allow for creating Live trading accounts directly in the app, and even if they do, you may still need to contact them to top up your balance.
All trading accounts regardless of their type (Demo or Live) are automatically synchronized with your current cTrader ID profile.
To create a Live account (optionally):
Alternatively, click on the current trading Account from the QuickLinks bar and select Trading Accounts from the Accounts selector dropdown.
You will proceed to the official broker to complete with all the required account details.
When the account is created you will be automatically logged into it and notified with the respective message to the upper right (if notifications are enabled).
You can easily switch between your trading accounts synchronized with your cTrader ID. To switch accounts, hover over the Spotware cTrader link to the upper left of the QuickLinks bar and select Switch Account.
In the Switch Account menu select the desired account from the drop-down.
Alternatively, click on your current trading account in the Account bar to the upper right and select the desired account from the drop-down.
You can hide the trading accounts that you don't use at the moment from your main accounts list. The accounts will remain active but won’t be visible in the accounts list, with the option to unhide them any time you wish. To do so, hover over the desired account and click the Hide icon next to it. It will be moved to the Hidden Accounts section to the bottom of the list.
To unhide accounts, proceed to the Hidden Accounts list, hover over the desired account, and click the Unhide icon.
cTrader supports the two industry-standard types of accounts (for both Demo and Live) - Hedged and Netted.
Hedged Account
A hedged account allows traders to:
Example:
With this account type, when trading successively:
Eventually, you will have 3 open positions, which you can manage individually.
Netted Account
A netted account allows traders:
Example:
With this account type, when trading successively:
Eventually, you will have only one long (Buy) position for 0.5 lot, because another half of the lot was canceled out by selling two 0.25 lots.
Note that not all brokers support different types of accounts.
To change the type of a Live trading account, contact your broker.
A Demo account type cannot be changed. You can only open a new Demo account of the desired type.
Shariah-Compliant (Swap Free) Account
A Shariah-Compliant account meets all the requirements of Shariah law and the principles of Islamic finance. For such accounts, your broker charges only an administrative fee instead of swap fees.
To make your Demo account compliant with the financial traditions of Islam, when creating a new Demo account, check the Shariah-Compliant (Swap-free) box in the Demo Account menu.
Contact your broker, and request a Shariah-Compliant Live account if your cTrader Web does not allow for creating new Live accounts.
AMF Compliant (French Risk) Account
An AMF Compliant (French Risk) account has the following unique behavior:
To create an AMF Compliant trading account, please contact your broker.
Note that the AMF option is available only for the hedged trading accounts.