Global Broker Regulation Inquiry App
WikiFX
Broker
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ryad22
Within 1 year

Is a free demo account available with BOT, and if so, are there any restrictions such as an expiry period?

Broker Issues
BOT
Account
Leverage
Instruments
Platform
04-03
United States
WikiFX
Reply

Based on my careful review of the information, I was unable to find any mention of a free demo account being offered by BOT. As an experienced trader, I always begin my evaluation of any broker by looking for access to risk-free practice environments, as they are essential for testing strategies and building confidence—particularly when real capital is not at risk. In the case of BOT, not only is there no evidence of a demo account, but there are also significant concerns regarding the absence of proper regulatory oversight and multiple user reports detailing potential scams and withdrawal difficulties. For me, the lack of clear demo account availability is itself a red flag. In the forex trading industry, reputable firms almost always provide such tools without restrictive conditions, as it demonstrates a commitment to transparency and trader development. The absence of this basic feature, especially when combined with negative user feedback and high-risk indicators, makes it impossible for me to recommend testing or trading with BOT in any capacity—practice or real accounts—at this time. My strict approach is always to avoid platforms that do not make their offerings fully transparent or that have unresolved user complaints at this scale. Ultimately, I would not consider BOT a safe or suitable brokerage for practice or live trading.

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