TradeLocker reported that gold and Bitcoin account for approximately 70% of all demo trades placed by new users on its platform, while the two most traded forex pairs, EUR/USD and GBP/USD, represent less than 7% combined. The figures are based on activity from more than 100,000 users who signed up for TradeLocker Demo since the service launched in early May. The platform gives users access to $100,000 in virtual funds, allowing them to test strategies before opening live accounts. The data suggests newer retail traders are gravitating toward gold and cryptocurrencies rather than traditional currency pairs, continuing a trend visible across the retail trading industry in recent years.
Gold, Bitcoin And S&P 500 Represent 77% Of Demo Trading Activity
According to TradeLocker, gold and Bitcoin together account for approximately seven in every ten demo trades placed on the platform. When the S&P 500 is included, the three instruments represent around 77% of all trading activity.
By comparison, traditional forex markets account for a much smaller share of trading. The combined activity in EUR/USD and GBP/USD, historically the two most popular retail currency pairs, represents less than 7% of all demo trades recorded by the platform.
Half Of Users Place First Trade Within Three And A Half Minutes
TradeLocker said half of active demo users who go on to trade open their first position within three and a half minutes of creating an account, suggesting that many users are comfortable navigating the platform almost immediately.
Around 10% of users wait approximately ten hours before placing their first trade, spending additional time exploring charts, platform features and available markets before executing an order.
Demo Traders Open 57% Long Positions Versus 43% Short
The analysis found that demo users generally favour buying over selling. Approximately 57% of all positions opened on the platform are long, compared with 43% that are short.
Trading activity remains strongest during the working week, with the average demo user closing between five and six positions each weekday. Weekend activity falls to between 30% and 40% of weekday levels as fewer underlying markets remain open.
TradeLocker said the platform follows live market data, allowing users to practise trading under market conditions that closely resemble those experienced in live accounts while avoiding financial risk.
TradeLocker CPO Highlights Demand For Risk-Free Trading Practice
Alex Skolar, Chief Product Officer at TradeLocker, said: "The data proves there is a demand for a place where traders can explore, experiment and build confidence before risking their real capital. It also shows that new traders do not follow a single path, highlighting the industry's need for accessible trading tools that support both immediate participation and more considered learning."
FAQ
What percentage of TradeLocker demo trades involve gold and Bitcoin?
Gold and Bitcoin account for approximately 70% of all demo trades placed by new users on TradeLocker since the platform launched in early May.
How quickly do new TradeLocker demo users place their first trade?
Half of active demo users open their first position within three and a half minutes of creating an account, while around 10% wait approximately ten hours before placing their first trade.
