Russian forex broker Alpari said on Friday it is transferring all demo.ecn.mt5 accounts to a new server, Alpari-MT5-Demo. The change will take place on 12 September, 2016. The move is necessary due to the increased number of such accounts.
Alpari clients who use demo.ecn.mt5 accounts need to perform a one-time change to connect to the new server and use their accounts. They can either reinstall their MT5 platforms and let the new server reset automatically, or launch the platform, select to connect to the trading account from the File menu, and then put in their login details and one of five IP addresses:
Once they enter the data and log in, they will not be required to make any additional changes.
The server change only applies for demo accounts and live.ecn.nt5 trading accounts will continue to be located on the Alprai-MT5 server.
Demo accounts are used for practicing trading. Unlike live accounts, demo accounts do not operate with real money and investors can learn to trade without risking their funds. Alpari offers four types of such accounts – demo.standard.mt4, demo.ecn.mt4, and demo.ecn.pro.mt5 for the MetaTrader 4 (MT4) platform, as well as demo.ecn.mt5 for the MetaTrader 5 (MT5) platform. The broker used to offer demo.nano.mt4 accounts, too, but it discontinued them in March this year.
Alpari is headquartered in Russia and has units regulated in Belize, Saint Vincent and the Grenadines, and Belarus. In Russia, its main market of operations, the broker was denied license without explanation. The company used to operate a UK-regulated branch, which went insolvent in January 2015 after it faced exceptional volatility and extreme lack of liquidity as a result of the EUR/CHF collapse.
The broker is focused on Russia and the Commonwealth of Independent States (CIS), or the former Soviet countries. It was ranked as the largest forex broker by average monthly retail deposits and clients in 2015 by Interfax-Center for Economic Analysis (Interfax-CEA).