Can I Use MD Desktop Without a Brokerage Account? For instance, I want to use MD Desktop but not interested in opening a real account with a broker at this time. Can I utilize the software and the built in demo account indefinitely until I am ready to open a live, funded trading account with a broker?
Yes you can and there are 2 methods you can accomplish this.
- If you do not have a live, funded trading account you can still us MD Desktop but will pay "Profressional" rates for exchange fees.
- If you qualify as a non-professional trader, just open a minimal trading account at one of our supported brokers and request the broker provide you with a CQG trading ID that is enabled as follows: "CQG Trading ID enabled for connection mode CQG Integrated Client, private label MarketDelta". Enter the trading ID they assign you into MD Desktop. This will allow you to receive the non-professional exchange fee rates. There is no minimum trading requirement.
Does the demo account act just like a real account in the way the software works?
Yes, the built in lifetime demo account is very realistic and provide real time data, level 2 (DOM), and trading interaction just as if it were a live account.
Can I keep a history of my trades and profit/losses etc.?
Yes, the software keeps a history of all your trades and P/L.