What is the main difference between a live account and a demo account?

The main difference lies in the type of funds used and the nature of trading:

Live Account: Trading is done using real money, which means profits and losses are actual. This account requires a deposit and is subject to all trading conditions, such as fees, withdrawals, and risk management.

Demo Account: Trading is done using virtual funds, allowing you to explore the platform and test trading strategies without any real financial risk.