Forex trading deals can seem very difficult for understanding for the beginners, because a trader has to analyze a lot of financial information to make right decisions. All this requires qualification and knowledge, and that’s why it is better to start your Forex career with creating a test account, which is not risky at all. It’s very helpful for receiving a bit of experience at first and starting to trade on the real market later. This is exactly what FIBO Group can offer you.

As you will understand, such test account is very close to a real Forex market, because it puts you in the same conditions. The account is called test because it operates with test (unreal) assets. The rest is similar to real account – a beginner can make deals, purchase and sell currency, receiving all vital skills and practical experience. Although some experts point out that test account is not able to entirely reflect real market, and is therefore less dynamic, demo account is still the best for the novices, who never tried trading. If you want to build a successful career on Forex, you should understand that practice and education are very important. FIBO Group broker will offer you a great opportunity to gain practical experience via test account and won’t charge you for using it. Moreover, you will be able to use the company’s support to extend your knowledge about financial market.

As opposed to many of Forex broker firms, FIBO Group never conceals the drawbacks of using test accounts. In fact, trading in virtual conditions is both useful and risky, because while you have an obvious advantage of watching the market and participating in its operating without running any financial risks, you can still get a habit of feeling no risk. This can later affect your real trading on the market. In addition, the market is constantly changing, and it happens much faster than on demo version, and this requires you to react better. This is the main reason for FIBO Group to not recommend the beginners to stick on the test account and not make it a habit.

Generally, test accounts are also very helpful for those experienced traders who are looking for another broker. In this way, before leaving their former broker and switching to FIBO Group, they have an opportunity to try its test Forex account in order to understand all the pros and cons they would get here.