Simple explanation of the different forex account types:

🧪 1. Demo Account (Practice Mode)

  • Think of it as a video game tutorial.
  • You trade with virtual money, so there’s no risk of losing real cash.
  • Perfect for beginners to practice strategies and learn the platform.

💸 2. Live Account (Real Money Trading)

  • This is the real deal — you trade with your own money.
  • Profits (and losses) are real.
  • Ideal once you’ve gained confidence with a demo account.

☪️ 3. Islamic Account (Swap-Free Account)

  • Designed for traders following Islamic principles.
  • No interest charges (swap fees) for holding trades overnight, in line with Sharia law.
  • Everything else works the same as a regular live account.

👨‍💼 4. Managed Account (Let Experts Trade for You)

  • You invest your money, but a professional trader makes the decisions.
  • Like hiring a chef to cook for you — you enjoy the results without doing the work.
  • Best for people who want to trade forex but don’t have the time or knowledge

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