Research note

Demo vs live: what a demo account cannot tell you

August 19, 2026 · Peak Pips desk

A demo shows the ticket. It does not show your withdrawal, your slippage, or how you behave with real money.

  • Education, not a signal
  • Check the register yourself
  • Leverage can wipe a deposit

Demos are useful. They are also incomplete. You should still open one — preferably two — before you fund. Just do not treat a green demo equity curve as evidence.

What a demo is good for

  • Platform fit: MT4, MT5, cTrader, or web.
  • Order types: stop, limit, guaranteed stop if offered.
  • Whether you can actually find margin, swap, and history.

What it hides

Live books gap. Spreads widen at news. Fills slip. A demo server can be generous. Your own behaviour also changes when the loss is real — that is not a software bug.

Withdrawals never happen on a demo. If the live process is slow or the method you used to deposit is blocked on the way out, the demo did not warn you.

A practical sequence

Demo two firms. Compare tickets. Read the entity on the live application. Send a small test, then try a small withdrawal before you scale. Our FAQs and risk disclaimer are blunt on purpose: leveraged products can result in the loss of your capital.

This is editorial. It is not advice, a broker pitch, or a call to deposit. Confirm licences and costs on the firm’s own site.