Accounts
Every NOVEDOX registration comes with a demo account funded with $10,000 in simulated balance and a live account you can fund when you are ready. Same instruments, same prices, same 200:1 default leverage.
The short version
Plenty of brokers publish a wall of account types, Standard, Gold, Platinum, VIP, where the meaningful differences are buried in footnotes and the good conditions arrive only with a large deposit. We do not run that model. There is one set of trading conditions, and the only distinction that matters is whether the money is simulated or real.
When you register, both accounts are created behind a single login. The demo arrives with $10,000 in simulated balance already credited, ready before you have deposited anything. The live account sits alongside it, waiting for identity verification and a deposit whenever you decide to make one.
You switch between them inside the web terminal. Balances, positions and trade history are kept entirely separate, so nothing you do on the demo touches real capital and nothing on the live account is muddled with practice trades.
Demo vs live
The trading conditions are deliberately identical. What changes is funding, verification and what happens to the profit and loss.
| Feature | Demo account | Live account |
|---|---|---|
| Starting balance | $10,000 in simulated funds, credited automatically at registration | Zero until you deposit |
| Funding method | None required. The balance is simulated | USDT deposits over TRC-20, BEP-20 or ERC-20 |
| Base currency | USD | USD |
| Default leverage | 200:1 | 200:1 |
| Instruments | All 31 — 7 forex majors, 12 crosses, 4 exotics, 8 crypto pairs | All 31, identical catalogue |
| Price feed | Live streaming quotes over WebSocket | Live streaming quotes over WebSocket |
| Charting | Candlesticks on 1m, 5m, 15m, 1h, 1d with paged history | Identical |
| Order types | Market and pending, with stop-loss and take-profit | Identical |
| Position management | Modify SL and TP, partial close, close-all, close-by | Identical |
| Profit and loss | Simulated. It cannot be withdrawn or converted | Real. Your capital is genuinely at risk |
| Identity verification | Not required | Required, Didit identity verification |
| Email verification | Required at registration (one-time passcode) | Required at registration (one-time passcode) |
| Withdrawals | Not applicable, funds are simulated | In development; will require a fully verified account |
| Resets | Contact support to have the simulated balance reset | Not applicable, a live balance reflects real deposits and results |
| Time limit | None. The demo does not expire after a trial period | None |
| Cost model | Spread-based, mirroring live conditions | Spread-based, see commission & incentives |
Mechanics
Identity
Each trading account is issued its own account number when it is created. That number is how the account is identified in the terminal, in your records and in any conversation with our support team. Your demo and live accounts carry different numbers, which is what keeps their balances, positions and history cleanly apart.
Quote your account number when you contact support, and always say whether you mean the demo or the live one.
Denomination
Every NOVEDOX account is denominated in US dollars. Balance, equity, margin and both floating and realised profit and loss are all expressed in USD, whichever instrument you traded to produce them.
Because deposits arrive as USDT, a dollar-referenced stablecoin. There is no currency conversion step between funding your account and trading it.
Switching
Switching happens inside the terminal, not by logging out and back in. Select the account you want and the whole workspace follows: balance, open positions, order tickets and history all change to that account.
The active account is always labelled on screen. Before you place an order, it is worth a two-second glance. The discipline is cheap and misreading which account you are on is not.
Leverage
At 200:1, a position is backed by margin equal to a fraction of its notional size, so a relatively small balance can control a much larger exposure. That cuts both ways with perfect symmetry: gains and losses are both magnified against your capital.
This is exactly why the demo exists. Practise position sizing at 200:1 with simulated funds until the numbers feel intuitive. Read the risk disclosure before trading a live account.
Verification
Two layers. Email verification via a one-time passcode confirms the address is yours and is required at registration. It is what gives you the demo account. Identity verification through our KYC partner Didit is what enables a live account.
Verification is a regulatory obligation for handling real client funds, not an optional extra, and it is also the safeguard that stops someone else operating an account in your name. Withdrawals, when they roll out, will require a fully verified account.
Funding
Live accounts are funded with USDT over three networks: TRC-20, BEP-20 and ERC-20. You generate a deposit address in the client area, send from your wallet or exchange, and the balance is credited once the transaction has the required network confirmations.
Always match the network to the address you were given, sending on the wrong chain can make funds unrecoverable. Costs and minimums are covered on commission & incentives, and the flow itself is at deposit.
Getting set up
Sign up with your email address and enter the one-time passcode we send you. That is the whole registration, no documents at this stage.
$10,000 in simulated balance is already there. Learn the terminal, test your approach and get comfortable with 200:1 sizing before any real money is involved.
Complete identity verification through Didit when you want to go live. You will need a valid government-issued photo ID and a device with a camera.
Fund with USDT on TRC-20, BEP-20 or ERC-20. Once credited, switch to the live account in the terminal and trade the same instruments you already know.
Account FAQ
No. Registration is free and your demo account is credited with $10,000 in simulated balance automatically. You can trade all 31 instruments on live streaming prices at 200:1 default leverage without ever funding anything. A deposit is only needed for a live account.
No. There is no trial window and no expiry date. The demo sits alongside your live account permanently, which makes it a useful place to test an unfamiliar instrument or a new approach even after you have started trading real capital.
Yes, contact support and we will reset the simulated balance for you. It happens to almost everyone at least once, and learning what a 200:1 position does to an account is precisely what the demo is for. Live account balances cannot be reset, because they reflect real deposits and real results.
Any firm handling real client funds is required to verify who its clients are. We use Didit for that check. It also protects you: verification is what prevents someone who obtains your email from operating a funded account in your name. Demo trading needs none of it.
With USDT over the TRC-20, BEP-20 or ERC-20 networks. Generate a deposit address in the client area, send from your wallet or exchange, and the funds are credited after the required confirmations. NOVEDOX does not add a deposit fee. The only cost is the blockchain network fee, which is set by the network and not by us. Details are on the commission & incentives page and at deposit.
Withdrawal functionality is still being built and is not available yet. When it rolls out it will require a fully verified account. We would rather state that plainly here than let you discover it after depositing, please factor it into your decision about when and how much to fund.
The standard setup is one demo and one live account per registration, each with its own account number. If you have a specific reason to need a different arrangement, talk to support and we will tell you honestly what is possible today.
Not yet 2FA is in development. Today, account access is protected by your password and by email one-time-passcode verification. In the meantime, use a strong unique password, keep your email account itself secured, and never share a passcode with anyone, including people claiming to be from NOVEDOX. We will never ask you for one.
Registration takes an email address and a passcode. Your demo account is funded with $10,000 in simulated balance automatically, no deposit, no verification, no waiting.
Trading involves risk. 74.3% of retail accounts lose money.
