Published on: 2026-08-19
Updated on: 2026-08-19
A demo account costs nothing and needs no deposit. You place orders on live prices with virtual money, so a mistake costs you time instead of tugriks.
An EBC demo has no expiry date and no inactivity cutoff, so it stays open whether you trade daily or come back after a month.
You choose your own starting virtual balance, and you can open as many demo accounts as you want on one email address.
Forex runs from Monday 05:03 to Saturday 04:55 in Ulaanbaatar, which puts the busiest hours in your evening.
A forex demo account is a trading account funded with virtual money, so you can place orders on live prices and risk nothing. EBC Financial Group runs demo accounts on MT4 and MT5, open to traders in Mongolia, with more than 200 instruments across five asset classes. You set the starting balance yourself, the account has no expiry date, and it costs nothing.
A forex demo account is a simulated trading account that uses virtual funds on a real price feed. Orders, charts, spreads and margin all behave the way they do on a funded account. Only the money is fake.
Reading about a losing trade is nothing like clicking buy, watching the position move against you, and deciding whether to close it or leave it alone.
Most people open one for a simple reason. They want to see whether the platform makes sense before sending money anywhere.
Yes. Traders in Mongolia can register for an EBC demo account online, and the process is the same one used everywhere else the firm operates.
Yes. Registration is online, asks for an email address and a phone number, and takes a few minutes. No deposit is required and no money leaves your bank. The only thing at stake is the time you spend learning the platform.
Here is the whole specification in one place.
| Item | Detail |
|---|---|
| Platforms | MetaTrader 4 and MetaTrader 5, on Windows, Mac, web, iOS and Android |
| Cost | None. No deposit, no card, no subscription |
| Starting virtual balance | You set it yourself when you create the account |
| Expiry | None. No time limit and no inactivity cutoff |
| Number of demo accounts | No limit. Open as many as you want on one email address |
| To register | An email address and a phone number |
| Instruments | More than 200 across five asset classes: 37 currency pairs, 5 commodities, 12 global indices, 150 US share CFDs, 100 ETF CFDs |
| Minimum trade size | 0.01 lots on forex and gold, up to a 40 lot maximum |
| Forex session, Ulaanbaatar time | Monday 05:03 to Saturday 04:55, with a four-minute daily break at 04:59 |
| Gold session, Ulaanbaatar time | Monday 06:03 to Saturday 04:58 |
| US share CFD session, Ulaanbaatar time | 21:31 to 03:59 the next morning |
Instrument counts and contract specifications come from the EBC product guide, 2026 edition. Session times are converted from the platform’s UTC+3 server clock to Mongolia’s UTC+8, which does not shift for daylight saving.
Two of those rows change how you can use the account. No expiry means the demo is not a trial: leave it for two months, come back, and your trade history is still there. There's also no cap on how many you open, so you can run two at once: one where you follow your rules and one where you break things deliberately, keeping the useful history clean.
One rule worth knowing before it surprises you on a Friday night: EBC restricts accounts to closing positions only during the final two hours before the weekly close. EBC does not accept new positions during that window.
Five steps, and none of them involve money.
Register at client.ebc.com with your name, email address and phone number.
Choose the demo option, select MT4 or MT5, and set your starting virtual balance.
Check your email for the account number, password and server name. You need all three.
Download the platform, or open the web version, and log in using the server name from that email.
Open the Market Watch panel, find EURUSD or XAUUSD, and place one small order.
Identity documents come later, at the live account stage, not at demo registration.
If the login fails on the first attempt, the usual cause is the server name rather than the password. Demo and live sit on different servers, and MT4 will not tell you which one you picked by mistake.
Open MT5 unless you have a specific reason not to. It carries more timeframes, more order types, a faster strategy tester and a built-in economic calendar, and it handles shares and indices better than MT4 was designed to.
The reason to choose MT4 is narrow and real: an expert advisor written for MT4 will not run on MT5. If someone has given you an EA file, or you have bought one, check which platform it targets before you pick.
Both are free and offer the same instrument access at EBC. Since there is no cap on demo accounts, you can open one of each and compare them in the same week.
Practice costs nothing here, and the live minimum at EBC is $50 if you later decide the platform suits you. Open a demo account with EBC and place your first order on the same day.
Registration is the easy part. Most demo accounts are opened, logged into twice and then forgotten, which teaches nobody anything.
| Session | Do This | Write Down |
|---|---|---|
| 1 | Place one market order on EURUSD at 0.01 lots and close it within the hour | Entry, exit, and the spread you paid |
| 2 | Repeat with a stop-loss and a take-profit attached before you click buy | Where you placed the stop and why |
| 3 | Size a position deliberately: decide what you are willing to lose, then work backwards to the lot size | The amount you were willing to lose |
| 4 | Trade gold instead of a currency pair and notice how differently it moves | The largest move against you |
| 5 | Hold one position overnight | The swap charge that appeared |
| 6 | Trade a US share CFD after 21:31 Ulaanbaatar time | Whether the evening session suits your schedule |
| 7 | Read back your six notes | Which decision you would change |
A stop-loss, if the term is new, is an instruction that closes your trade automatically once the loss reaches a level you set. The swap is the financing charge for holding a leveraged position overnight.
Your starting balance is the single biggest source of bad habits, and at EBC you control it.
Set it close to what you actually intend to deposit. Someone planning to fund with $200 who practices on $50,000 learns position sizes they will never use, and that habit doesn't survive contact with a real balance.
Leverage deserves the same treatment. EBC offers up to 1:500 on major pairs, so a small deposit can control a large position, and the ratio that multiplies a good trade multiplies a bad one just as fast. Pick what you would realistically use and stick with it.
Gold is a useful teacher on this point. One XAUUSD contract covers 100 troy ounces, so a $1 move in the gold price is $100 per lot in profit or loss. At 0.01 lots, that is $1, which is the right size to learn on.
Four things worth knowing before you trust a demo result.
Real fills. Demo orders execute in an idealized environment. Live orders meet actual liquidity, and during news releases the price you get can differ from the price you clicked.
Your own behavior. Nobody has ever felt sick about a virtual loss. A trader who cuts losses calmly on a demo is not always the same person once the money is real.
Any indication of future results. A profitable demo month is not evidence. Past performance is not indicative of future results, and simulated performance sits even further from it.
Costs you never triggered. If you never held a position overnight, you never saw a swap charge, and it will surprise you later.
Demo practice is still worth doing. It teaches the platform, the order types and your own process before any of that costs you money.
There is no set number of weeks or trades that makes someone ready, and any page that gives you one is guessing. What you can check is process. Can you place a stop-loss without looking up how? Do you know what holding a position costs overnight, and can you say in advance what would tell you the trade was wrong?
With no expiry, no clock forces the decision. You can keep practicing alongside a small live account and compare the two. When you do fund an account, the checks worth making are the ones you can verify yourself.
EBC Financial Group entities hold licenses with the Financial Conduct Authority in the UK (reference 927552), the Cayman Islands Monetary Authority (reference 2038223), the Australian Securities and Investments Commission (reference 500991), and the Financial Sector Conduct Authority in South Africa (reference 51541).
Each number is searchable for free on that regulator’s public register. Client funds are held in a segregated account at Barclays, kept apart from the firm’s own operating capital.
Yes. An EBC demo account requires no deposit, no payment details and no subscription. The virtual funds have no cash value and cannot be withdrawn. Live trading carries real costs, in spreads and in commission on Professional accounts, which is one of the things a demo lets you inspect first.
For as long as you like. An EBC demo account has no expiry date and no inactivity rule, so it does not close after a set number of days or because you stopped logging in. That is worth checking with any broker, since many demo accounts do expire.
Yes, with no limit on the number tied to a single email address. Traders commonly run one account for disciplined practice and a second for testing ideas, which keeps the useful trade history separate from the experiments.
Prices and platform behavior are accurate, and that is the point of using one. Execution is the gap. Live fills involve real liquidity and can slip during volatile moments, while demo fills usually do not, so treat demo results as a test of your process rather than a forecast of profit.
They describe the same activity. Paper trading is the older term, from when traders recorded hypothetical positions on paper, and a demo account is the software version of it with live prices and a real order ticket.
Open the demo, set the virtual balance to something close to what you would actually deposit, and place one order at 0.01 lots with a stop-loss attached. That single sequence teaches more about how trading works than a week of reading, and it will tell you within an evening whether MT5 suits the way you think.
If it does, the EBC demo account is open to traders in Mongolia, costs nothing, never expires, and runs on the same prices and the same 200-plus instruments as a funded account.
