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Most Shorted. Largest Increase. Largest Decrease. Margin Calculator. Best Forex Demo Accounts Read our Advertiser Disclosure. Jay and Julie Hawk. Quick look: Best Forex Demo Accounts Best Overall: FOREX. com Best for Copy Trading : eToro Best for Virtual Funding Amount: AvaTrade Best for Ease of Use: EasyMarkets Best for Unlimited Demo Time: Plus Best for Multiple Trading Platforms: IG Markets Best for Beginners: Capital. com Best for Forex Spread Betting: FXCM Get Started.

Open an account in as little as 5 minutes. Spot opportunities, trade and manage your positions from a full suite of mobile and tablet apps. Best Forex Demo Account Opening a demo account with a forex broker is recommended for new traders or those looking to test trading strategies with automation. Written by Justin Grossbard Written by Justin Grossbard Co Founder.

Edited by Justin Hertzberg Edited by Justin Hertzberg Forest Park FX President. Reviewed by Riley Adams Reviewed by Riley Adams Senior Trading Editor. Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising.

Learn more this here. Best Demo Accounts For Forex Trading Our list of the top demo account based on the trading platform experience are. Pepperstone - Best Forex Demo Account With MetaTrader 4 IC Markets - Top CFD Demo Account With MetaTrader 5 Plus - Top Demo Account For Novice Forex Traders eToro - Top Demo Account For Social And Copy Trading FXCM - Good Demo Account Charting NinjaTrader Package Oanda - Top Demo Account For Unlimited Forex Trading IG - Great Forex Demo Account For UK Traders ThinkMarkets - Good Demo Account For Mobile Trading TD Ameritrade - Best Forex Demo Account For US Traders.

Visit Site. Our Rating. Review Of Pepperstone. Review Of IC Markets. Review Of Plus Review Of eToro. Review Of FXCM. ASIC Australia. FCA UK. MAS Singapore. FSCA South Africa. CYSEC Cyprus. IIROC Canada. FMA New Zealand. DFSA Dubai. BaFin Germany. FSA Seychelles. SCB Bahamas. Raw Spread. Commissions USD Base. Minimum Deposit.

Swap Free Account. No Inactivity Fees. Funding Methods. No Funding Fees. Currency Pairs. Index CFDs. Share CFDs. Commodities CFD. Retail Max Leverage Australia. Max Leverage Australia. Retail Max.

Leverage The United Kingdom. Leverage Europe. Leverage UAE. Leverage Canada. Leverage Singapore. Leverage Kenya. Leverage South Africa. Leverage With offshore regulators. MetaTrader 4 MT4. MetaTrader 5 MT5. Proprietary Platform. Automated Trading. Standard Stop Loss. Guaranteed Stop Loss.

Demo Account. Although you are best advised to trade via a desktop device to get the most out of a demo account, some of you might also like the option of doing this through a mobile app. If so, it's well worth checking out AvaTrade. This popular forex and CFD trading platform has been active in this space for over 12 years and it is regulated in 6 jurisdictions. You will have access to an abundance of forex trading pairs on this platform - all of which can be traded commission-free.

Once you download the mobile app - which the provider calls AvaTradeGo, you will first need to open an account. Then, you can start trading with demo funds directly from the palm of your hands. You can also access your demo account online. If you decide to upgrade to a real money account, AvaTrade requires a minimum deposit of just £ AvaTrade is a MetaTrader 5 broker and is compatible with MT4 and Zulutrade.

So far in this guide, we stressed that forex demo accounts are ideal for newbies that wish to learn the ropes of currency trading before risking any capital. However, we should make it clear that demo accounts are also suitable for experienced traders that wish to test or perfect a new strategy. If this sounds like you, then Forex.

com is well worth considering. As the name implies, this popular online platform is a specialist forex broker. It gives you access to more than 80 currency pairs - many of which come from the emerging markets. You will never struggle for liquidity on this platform and the number of trading tools on offer is highly extensive.

In terms of the demo account itself, most traders will opt for MT4. All you need to do is quickly open an account with Forex. com and then enter your login credentials into the MT4 platform - which you can access online or via desktop software. Once you do, you'll then have access to £10, in demo account funds.

In particular, Forex. com is an advocate of the best trading robots and EAs, so this is a good platform to try out a new automated system. In fact, it even offers dedicated forex VPNs, which are highly conducive for running advanced trading bots around the clock.

If and when you decide to upgrade to a real money account, Forex. com offers some very competitive trading fees. There are several account plans to choose from, one of which allows you to trade commission-free.

If you're a seasoned pro trading larger volumes, an alternative account type offers spreads from just 0. There is also an STP Pro account, which gets the spread down to an industry-leading 0. Visit Forex. com Now There is no guarantee you will make money with this provider. Plus is one of the most popular CFD trading platforms. The provider is authorized and regulated by the FCA and its parent company is listed on the London Stock Exchange. On top of commodities, stocks, indices, and ETFs - Plus offers a huge forex trading facility.

Like most brokers in this space, the provider covers all major and minor pairs. However, Plus takes things to the next level by offering dozens of emerging currencies, too.

For example, you can trade pairs that contain the Thai baht, South African rand, Mexican peso, and more. Each and every forex pair hosted by Plus can be traded commission-free and with competitive spreads.

In terms of the demo account facility, you can use this as soon as you go through the account opening process. This should take you no more than a few minutes. The demo account amount is Once the balance of the demo account drops to EUR or the equivalent currency amount or below, the initial demo amount will be automatically reinstated by the system. This allows you to take as long as you need before you start trading with your own capital.

When you do, the minimum deposit is just £ Finally, Plus can be accessed online or via the provider's mobile app. We have presented a selection of the best forex demo accounts right now.

While some are suitable for newbies attempting to learn how to trade currencies for the first time, others are more conducive to advanced trading strategies. Crucially, no two forex demo accounts are the same, so it's worth doing a bit of research before you get started. With this in mind, below we explain what you need to look out for in your search for the best forex demo account.

The best forex demo accounts that we reviewed come pre-loaded with a set amount of paper funds. com offers £10, You'll want to ensure that the amount being offered is sufficient enough for you to learn the ropes of forex trading. After all, if you're a newbie, there is every chance that you will encounter more losing trade than wining ones - especially at the start of your trading journey.

On the other hand, some of the best forex demo accounts allow you to top-up your paper trading balance. For example, Plus will increase your paper balance back to £20, when it drops below £ You also need to explore whether or not the demo account comes with a time limit. We came across plenty of providers that only give you days of usage. This might not be enough time for you to learn how the forex trading market works if you are just starting out. This is why the best forex demo accounts come with no time limit at all.

In particular, this is really useful if and when you come up with a new trading strategy later down the line. In the case of eToro, there is no limit on how long you can use the demo account. On the contrary, you can switch between demo and real money mode at the click of a button. This metric is perhaps the most important. In a nutshell, the best forex demo accounts will mirror live trading conditions like-for-like. This is crucial, as the whole point of using a demo account is to learn and build effective trading strategies that eventually - you can use in the real forex scene.

As noted above, most forex trading platforms require you to open an account before you can gain access to its demo account facility. This is fair, as the provider is allowing you to trade in live market conditions risk-free. However, we came across several platforms that also ask you to make a deposit before you can use the demo account. These providers should be avoided, as the best forex demo account will never stipulate a requirement to deposit funds.

Once again, forex demo accounts are offered by regulated trading sites. While some sites offer dozens of currency pairs, others are somewhat thin on the ground. As such, it's important to check what forex trading pairs the platform offers, before going through the motions of using the demo account facility.

Best brokers list FXTM FP Markets AvaTrade BlackBull Markets Eightcap Top Forex Demo Accounts How to Find the Best Forex Trading Demo Account for You How to Open a Risk-Free Forex Demo Account Which Platforms Offer a Demo Account? Real Trading Account vs. Forex Demo Account Why Are Forex Practice Accounts So Important for Beginners? What is a Forex Trading Demo Account and How Does It Work? The Advantages of a Free Demo Account For Forex Trading The Disadvantages of a Trading Demo Account What You Should Look for in a Forex Demo Account Tips for Successful Forex Practice Account Use Opening a Demo Account Helps You Choose a Broker Demo Account Alternatives Demo Accounts and Trading Psychology Demo Accounts and Account Size Management Moving from Demo to Real Money Final Thoughts FAQs.

Home Forex Brokers Types Best Forex Broker 5 Best Forex Demo Account Brokers for [month,year] 5 Best Forex Trading Demo Accounts in [year]. Affiliate Disclosure. Affiliate Disclosure DailyForex. com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Huzefa Hamid. Updated on October 06, Get Started. The ratings shown on DailyForex. Read more on FXTM. Read more on FP Markets. Read more on AvaTrade. Read more on BlackBull Markets. Read more on Eightcap.

How we rank our brokers. Best all-around broker with high floating leverage and fast execution. FXTM is a global broker specialising in CFDs and FX and was established in The company is considered reliable and trustworthy since it features regulation through the UK Financial Conduct Authority FCA , as well as through Cypress Securities and Exchange Commission CySEC.

FXTM offers potential users several account options including live and demo account options. The FXTM Demo account gives you all of the exact same features and financial instruments including live quotes that you would get when opening or migrating to an FXTM Live trader account. Cons Limited choice of cryptocurrencies and commodities.

FP Markets. ECN trading with leverage up to Founded in , FP Markets is a well-established and well-regulated CFD and forex broker based in Australia. The company is primarily regulated through the Australian Securities and Investments Commission ASIC and the Cyprus Securities and Exchange Commission CySEC , with additional regulation through the Financial Services Authority of St.

Vincent and the Grenadines. FP Markets offers plenty in terms of education tools such as their free demo account and eBook resources. Users are able to enjoy all of the tools and features of a live account, with an easy sign up process.

Cons Availability of Iress geographically restricted. Highly regulated, choice of fixed or floating spreads. AvaTrade is one of the leading CFD and forex brokers in the world, and enjoys regulation in Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, and Israel. First time users have the option of signing up for a live account or a free demo account. The demo account is very easy to set up, and offers all of the same features and tools that you would get when creating your live AvaTrade account.

This includes all technical indicators and prices in real time. Cons Trading costs competitive but nothing special. BlackBull Markets. Best ECN trading environment, with scalping and hedging. BlackBull Markets was founded in in New Zealand. Like many antipodean Forex brokers, BlackBull Markets is an ECN broker, offering raw spreads and commissions.

They are regulated in New Zealand by the Financial Services Providers Register FSPR and offer a maximum leverage on some Forex currency pairs as high as to 1. In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia.

BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification. Cons Limited deposit options.

Pros Low minimum deposit and high leverage of up to Competitive cost structure Excellent technology infrastructure and seasoned management team Daily research and quality educational content. Cons Limited leverage in some areas.

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Crypto Trading Platforms Automated Trading Platforms Best Day Trading Platforms Best Trading App Commodity Trading Platforms Forex Brokers NFT Platform Stock Brokers. Perhaps the most attractive aspect of choosing this provider is that Libertex is a tight spread broker. For those learning how to trade currencies, IG offers free online courses, webinars and seminars as part of its IG Academy. Go to Official Site. Each and every forex pair hosted by Plus can be traded commission-free and with competitive spreads. After deciding on a reputable broker, you can get in touch with them directly to open and start trading in a demo account.

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