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demo account


Definition
Demonstration account. An account funded by fake money to place fictitious trades. These give potential investors or traders the opportunity to try out a broker's or dealer's trading platform prior to using their own money to trade. Many online brokers offer this while some even offer contests with rewards for the most profitable traders.

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Discount Brokers vs. Full-Service BrokersWhen choosing investment brokers, be sure to consider the costs and benefits of full-service brokers vs. discount brokers. Full-service brokers do offer more services but do so for a higher cost. Disc ... Read more


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