How to Close a Forex Demo Account?
Forex company offers demo accounts for users to gain experience and knowledge in the market. How to close a Forex account by users? How to close the forex demo account besides the question? The questions also come. The first way to close my Forex demo account is to contact the brokerage firm. After receiving the necessary information about the membership termination, you can close the transaction by following the necessary rules stated by the brokerage house. In order to close your forex demo account, you must first enter the membership termination section from the profile tab of your brokerage page, where you have opened a forex demo account. You can close your account by following the membership cancellation procedures correctly. However, due to the fact that some brokerage houses receive monthly fees, membership cancellations can be more difficult to prevent users from whom they earn income from canceling their membership. In such cases, we have stated below the steps to close the forex demo account;
- First, click on the unsubscribe link on the profile page.
- Fill in the necessary information about your membership.
- Then click the send button.
If you have not yet deposited money into your account and your account has not been activated due to this, you can easily close your forex demo account by clicking on the membership cancellation area. However, if you have deposited money in your account and activated your forex account and performed forex transactions with this account, you need to contact the company after the membership cancellation. Enter the contact or support tab. Then write a warning message mentioning that you canceled your membership and informed the institution about the cancellation. In this e-mail you will send, do not neglect to state that you will exercise your legal rights regarding the membership that has not been canceled within the relevant time period. In this way, when a certain period of time has passed, you can use your legal rights and take the intermediary institution to court in cases where the cancellation is not made.
VIOP Account Cancellation
If you have decided to close your Forex membership completely and have finished your futures transactions, you do not need to do any extra transaction regarding VIOP account cancellation. The important thing here is to stop trading the futures first. After stopping the futures transaction and transferring your money to your bank accounts, you will not face any risk since you will close your profile completely. Since the membership will be removed completely, it will be automatically deleted from your VIOP account. For this cancellation, it is sufficient to learn and apply some of the terms and procedures of the forex company you use.