ForexDana Trading Account – Demo Access and Live Account Details

Account Options: Demo and Live Access

ForexDana offers a streamlined account structure designed to serve new and intermediate traders. While the platform does not advertise tiered account types (e.g., ECN, VIP), it provides:

• Live Trading Account

  A standard trading account that supports real-money operations, micro-lot trading (from 0.01 lots), and access to over 300 CFD instruments. The account is beginner-friendly with simple onboarding via mobile or web app.

• Demo Trading Account

  ForexDana provides a 30-day free demo account that mirrors real market conditions. This environment allows users to test trading strategies without financial risk, making it an ideal starting point for new users.

There is no information on Islamic or professional accounts, nor on leverage settings per asset class.

Spreads, Fees & Transparency

ForexDana promotes “tight spreads” and low-cost trading, but provides no concrete figures for spreads or commissions. Based on available data:

• Spreads: Likely floating, starting from low pips, but exact figures are not disclosed.
• Commissions: Unspecified. No claims of ECN-style fee structure are made.
• Swap Fees: The site references swap charges but lacks a fee table or APR breakdown.
• Minimum Deposit: Not published, but 0.01 lot support implies low entry threshold.

Lack of transparency is a major concern, especially for experienced traders seeking clarity on cost structure and execution model.

Account Features & Trading Environment

Heres what ForexDana offers within the trading account:

• Trading Platform: Proprietary (mobile & desktop)
• Order Size: Starts from 0.01 lots (micro lots)
• Available Assets: Forex, Crypto, Indices, Metals, Futures, Shares (CFDs)

The simplified model reduces barriers to entry but may not meet the needs of advanced users who require tiered spreads, account-level customization, or deep liquidity access.

FAQs about ForexDana Trading Accounts

What types of trading accounts does ForexDana offer?

ForexDana currently offers a basic live trading account and a 30-day demo account. No other account tiers are advertised.

Is the demo account really free?

Yes. ForexDana provides a 30-day free demo trading environment, which is ideal for practicing strategies risk-free.

What is the minimum trade size in the live account?

The platform supports micro-lot trading starting from 0.01 lots, making it suitable for beginners and risk-conscious traders.

Are the spreads fixed or floating?

The broker advertises “tight spreads,” but does not clarify whether they are fixed or floating. Most likely, they are floating based on market liquidity.

Are there any commissions or hidden fees?

There is no clear disclosure of commissions or transaction fees. Traders should inquire directly through support before funding their account.

Does ForexDana support Islamic or swap-free accounts?

There is no mention of Islamic or swap-free account options on the official site.