Demo accounts in trading are essential assets that every trader has to create while stepping into this field. The reason why they are being used is to learn trading techniques, understand market patterns, and check the validation of your created signals.
However, these accounts become useless when you are done with the understanding and stepping into the real world to make $100 per day or more. This is when you should learn how to delete an Exness demo account to get rid of the double screen or multiple charts opened.
Don’t worry if you don’t know the steps to follow in this regard. This guide has been written for you to guide you home by sharing the steps you have to follow.
Understanding Exness Demo Accounts
Before you learn how to delete Exness demo account, let us give you a brief overview of what these accounts are. A demo account is a simulated trading account using which you can use virtual funds to place your trades.
In simple words, you don’t have to invest the real money that you do while opening a forex trading account. This account will mirror market conditions and allow traders like you to practice their strategies to check whether they are ready for real-world trading or not.
While using demo accounts, you don’t need to worry about financial risk. It is because you are not dealing with real money. Being a trader, you can create multiple demo accounts with different settings, leverage levels, and trading parameters.
Can You Delete an Exness Demo Account?
Yes, you can delete your Exness demo account or archive the unused accounts, too. Many traders think that they can’t delete a demo account and are stuck with multiple trading screens. However, you only have to understand the exact method to get rid of these accounts.
In the upcoming section, we will be sharing the steps to follow for removing these accounts. You can delete them when you have practiced your trading strategies or understood rules like 3 5 7 golden rule of trading.
How to Delete an Exness Demo Account Through the Personal Area
As many traders love to use Exness or any other platform on their desktop devices, we have written the method to delete an Exness demo account through their Personal Area dashboard. You have to follow these steps to remove any of your accounts from the list using your desktop.
Step 1. Log in to your Exness Personal Area using specific credentials.
Step 2. Navigate to “All Accounts,” which will display demo as well as real accounts.
Step 3. Look for the demo accounts by finding the label given in the right bar.
Step 4. Tap on the “Settings” icon given beside that account to open the options.
Step 5. Go to the “Account Management” section.
Step 6. Look for the “Delete” option and click on that.
After clicking on that, you will be asked to confirm the action that you have to take. For this purpose, you may be asked to re-enter your password or confirm via email.
Keep in mind that you should take enough time to go through this process, as minor mistakes can lead to deleting live accounts.
How to Remove a Demo Account Using the Exness App
Are you using your Exness demo account on your mobile app? No need to worry, as the process will remain the same, but the interface will be changed. You have to follow the same steps mentioned earlier by finding them.
Keep in mind that the mobile interface is a little smaller than the desktop, so some options may be hidden. Therefore, you have to find them by clicking on every dropdown option given there. The best solution is to log in to your account on the desktop and go ahead with the deletion process.
What Happens After Deleting a Demo Account?
Once you have deleted a demo account using the above method, you will not have access to trading history and virtual positions for that account. It means if you have copied and tried crypto trade signals, you won’t be able to see them ever again.
However, it will not impact the trades, investments, and positions you have in your live accounts. It is highly recommended to delete a demo account only when you don’t need the data it has for future usage.
Alternative to Deleting: Archiving a Demo Account
When opening an Exness account, you may have created multiple demo accounts randomly. Exness knows that many traders do the same thing and offers them an option to archive their demo accounts.
It allows traders like you to keep their demo accounts in the archive list instead of completely deleting them. With this option, you can easily access those accounts whenever you want to check their history, positions, and progress.
Conclusion
From this blog, you have read the steps to understand how to delete the Exness demo account. We have shared the steps that are really helpful for the current interface of the platform. However, you may find a slight change in the options after the updates to the platform’s algorithm or app.
Therefore, you must be proactive while dealing with this process and deleting the demo accounts you don’t need. For effective and reliable learning of this market, it is highly recommended to join Forex Bab G, where we will guide you practically about proven strategies and techniques of the field.