If you open a virtual trading account via ayondo, you can use the associated demo account for an unlimited period of time, provided it is linked to a real money account. The focus here is on verifying the user's identity and a clear allocation. Capitalization of the real money account is not required for this - the only prerequisite is a successfully completed KYC process.

There are also two aspects to consider: If a lack of trading experience or insufficient theoretical knowledge (as part of the appropriateness test) prevents activation for real money trading, the test period can be extended in order to acquire the required knowledge.

If there is no trading activity over a period of four weeks and there is no notification from the user or corresponding change in the user account, the demo account is automatically deactivated. In this case, the system assumes that the account is no longer being used.

In principle, a new demo account can be created at any time - even without prior registration (link).

Once all documentation required for the onboarding and related know-your-customer process has been submitted, the review is done on a same-day basis.

Contracts for difference are financial instruments that are mostly used in the context of speculative trading strategies. Their popularity is related, among other things, to the fact that it is possible to invest in rising and falling quotations. It is a product category that requires a high level of experience in order to assess the risks involved. We do not recommend considering it without knowledge of the subject matter, trading platforms, product specifications and behavior in real-time environments. There is a risk that inexperience or lack of background knowledge will lead to decisions that result in financial loss. Psyche also plays a significant role. Users of CFDs should have a minimum level of mental resilience to keep a cool head in situations that involve losses. Do not be impressed by profit opportunities resulting from the use of margin products or the exploitation of leverage effects. Higher opportunities are countered by higher risks. When using CFDs, the highest risk can mean losing the capital invested.

If real-time trading appeals to you, prepare yourself in the best possible way. Use all the possibilities available to you for this purpose. The Internet offers a variety of excellent sources through which you can acquire initial theoretical knowledge in self-study. Use reference books to fill in gaps in your knowledge. Exchange ideas with like-minded people. Use e-learning content such as webinars. Virtual trading environments ("demo"/"paper trading") help you to learn first practical skills. Trust your gut feeling and use your common sense when a coach, (F)Influencer or supposed guru's try to convince you of something you don't understand. Don't put in your own money until you have built up enough experience. Use only the money that you can spare. Never put all your eggs in one basket. Diversify your investments.  

Tip: Feel free to use the information provided by us and our partners. This can be used free of charge. Visit the sections 'Education' or 'Tools' - we are sure that one or the other exciting topic is there for you.

A very good introduction to the subject is the Incerto series by Nassim Nicholas Taleb, an essayist and researcher in statistics, chance, and epistemology.