Brokers Providing Demo Account
A demo account is a type of account funded with virtual money. By using this demo, traders are experienced with the trading platform and its various features. A demo account also helps traders to understand how forex market works, before deciding to set up a real account funded with the customer's actual money. Demo accounts are offered by lots of online trading platforms, including stock trading platforms, foreign exchange trading venues, and commodities exchanges.
Below you will find a list of Forex Brokers that offer demo account for trading.
| Broker | Regulation | Max Leverage | Min Deposit | General Rating | |
|---|---|---|---|---|---|
| Dukascopy Hong Kong 1998 |
DFSA (Dubai), F004307 FCMC (Latvia) May FINMA, June 15, 2010 FSA (Japan), 2408 ESMA | 1:200 | $100 | Review | |
| ActivTrades Bahamas 2001 | DFSA (Dubai) F003511 FCA (UK), 434413 Securities Commission of The Bahamas, 199667 | 1:400 | $100 | Review | |
| XTB Austria 2002 |
CNMV (Spain), 40 Czech National Bank, 56720 DFSA (Dubai), 4365 FCA (UK), 522157 FSA (Poland), 0000217580 FSCA (South Africa), 49970 IFSC (Belize), IFSC/60/413/TS/19 ESMA | 1:30 | $1 | Review | |
| Axi Australia 2007 |
ASIC, 318232 DFSA (Dubai), 2758 FCA (UK), 509746 FSCL (New Zealand), FSP518226 | 1:400 | $1 | Review | |
| Interactive Brokers Australia 1977 |
ASIC, 453554 Central Bank of Ireland 23.12.2020 CFTC/NFA, 0258600 FCA (UK), 208159 Hungarian National Bank, H-EN-III-623/2020 Monetary Authority of Singapore, CMS100917 SEC (US), 8-47257 | 1:100 | $10000 | Review | |
| Windsor Brokers China 1998 | AFM (Netherlands) 72346 BaFin, 120311 CySEC, 030/04 FCA (UK), 463727 ESMA | 1:500 | $100 | Review | |
| FP Markets Australia 2005 |
ASIC, 286354 CySEC, 371/18 | 1:500 | $100 | Review | |
| Vantage FX Australia 2006 |
ASIC, #ACN 140 903 886 Cayman Islands Monetary Authority, 1383491 FCA (UK), 501057 Vanuatu Financial Services Commission, 700271 | 1:500 | $200 | Review | |
| HYCM Hong Kong 1977 |
Cayman Islands Monetary Authority, 1442313 CySEC, 259/14 DFSA (Dubai), 000048 FCA (UK), 186171 FSA (St. Vincent & the Grenadines), 25228 | 1:325 | $100 | Review | |
| Pepperstone Australia 2010 |
ASIC, 414530 BaFin 151148 Capital Markets Authority of Kenya, 128 CySEC, 388/20 DFSA (Dubai), F004356 | 1:500 | $200 | Review | |
| IG Australia 1974 |
CFTC/NFA, 0509630 FCA (UK), 195355 | 1:50 | $1 | Review | |
| easyMarkets Australia 2001 |
ASIC, 246566 CySEC, 079/07 FSA (Seychelles), 19.09.2020 FSC (BVI), 15.20.2020 | 1:400 | $100 | Review | |
| Hantec Markets Australia 2009 |
FCA (UK), 502635 FSC (Mauritius), C114013940 Jordan Securities Commission 51905 | 1:30 | $1000 | Review | |
| IC Markets Australia 2007 |
ASIC, ACN 123 289 109 CySEC, 362/18 Securities Commission of The Bahamas SIA-F214 The Financial Commission, 25.11.2021 | 1:500 | $200 | Review | |
| AGEA Montenegro 2005 | None | 1:500 | $1 | Review | |
| Admirals Argentina 2001 |
ASIC, 28381 CySEC, 201/13 FCA (UK), 595450 FSA (Estonia), 10932555 FSA (Seychelles), 8426894-1 Jordan Securities Commission, 57026 | 1:500 | $100 | Review | |
| AvaTrade Australia 2006 |
ASIC, 406668 Central Bank of Ireland, C53877 Financial Futures Association (Japan) 1574 Financial Services Regulatory Authority (Abu Dhabi), 190018 FSA (Japan), 1662 FSC (BVI), 2013-07-30 FSCA (South Africa), 45984 IS | 1:400 | $100 | Review | |
| Exness Cyprus 2008 |
CySEC, 178/12 FCA (UK), 730729 FSA (Seychelles), SD025 FSC (BVI), SIBA/L/20/1133 FSC (Mauritius), 176967 FSCA (South Africa), 51024 The Financial Commission 22.07.2021 | 1:2000 | $1 | Review | |
| GOMarkets Australia 2008 |
ASIC, ACN081864039 CySEC, 322/17 DMCC (Dubai), 18.07.2020 | 1:500 | $200 | Review | |
| ThinkMarkets Australia 2010 |
ASIC, 424700 FCA (UK), 629628 FSCA (South Africa), FSP No 49835 | 1:500 | $1 | Review | |
| Forex.com Australia 1999 | CFTC/NFA 0339826 FCA (UK), 190864 FSA (Japan), 1539 IIROC, May 10, 2012 | 1:200 | $250 | Review | |
| Plus500 Australia 2008 |
ASIC, 417727 CySEC, 250/14 FCA (UK), 509909 FSCA (South Africa) 47546 ISA (Israel), 5 Monetary Authority of Singapore, 2017-12-11 | 1:300 | $100 | Review | |
| Tickmill Seychelles 2014 |
BaFin, 146511 CySEC, 278/15 FCA (UK) 717270 FSA (Seychelles), SD008 FSCA (South Africa), 49464 | 1:500 | $100 | Review | |
| Libertex Armenia 1997 |
CySEC, 164/12 FSCA (South Africa), 47381 NBRB (Belarus) 2 | 1:600 | $1 | Review | |
| eToro China 2007 |
ASIC, 491139 CySEC, 109/10 FCA (UK), FRN 583263 FINRA 298361/SEC#: 8-70212 | 1:400 | $200 | Review | |
| Saxo Bank China 1992 |
ASIC, 109605610 Banque de France, 483632501 CySEC, 163/12 FCA (UK), FC026688 FSA (Denmark), 1149 SFC (Hong Kong) 1395901 ESMA | 1:200 | $2000 | Review | |
| FXOpen Australia 2003 |
ASIC, 412871 FCA (UK), 579202 | 1:500 | $1 | Review | |
| HotForex Cyprus 2010 |
CySEC, 183/12 DFSA (Dubai), F004885 FCA (UK), 801701 FSA (Seychelles), 8419176-1 FSA (St. Vincent & the Grenadines), 22747 FSC (Mauritius), 094286 FSCA (South Africa), 46632 | 1:1000 | $5 | Review | |
| OANDA British Virgin Islands 1995 |
CFTC/NFA, 0325821 FCA (UK), 54257 FSA (Japan), 1571 FSC (BVI), SIBA/L/20/1130 Kanto Local Finance Bureau (Japan) 2137 MFSA, 18.12.2020 | 1:50 | $1 | Review | |
| ETX Capital Cyprus 1965 |
CySEC, 096/08 FCA (UK), 124721 FSCA (South Africa), 50246 | 1:400 | $100 | Review | |
| FXPRIMUS Cyprus 2009 |
CySEC, 261/14 FSCA (South Africa), 46675 Vanuatu Financial Services Commission, 14595 | 1:500 | $2500 | Review | |
| FXTM Belize 2011 | CySEC 185/12 FCA (UK), 777911 FSC (Mauritius), C113012295 FSCA (South Africa), 46614 | 1:2000 | $10 | Review | |
| FxPro Bahamas 2006 |
CySEC, 078/07 DFSA (Dubai), F003333 FCA (UK), 509956 FSCA (South Africa), 45052 | 1:50 | $100 | Review | |
| BDSwiss Cyprus 2012 |
BaFin, HRB 160749B CFTC/NFA, 0486419 CySEC, 199/13 FSA (Seychelles), SD047 FSC (Mauritius), C116016172 | 1:400 | $100 | Review | |
| RoboForex Belize 2009 |
IFSC (Belize), 000138/210 | 1:2000 | $10 | Review | |
| Juno Markets Vanuatu 2014 | Vanuatu Financial Services Commission 40099 | 1:500 | $100 | Review | |
| FIBOGroup Austria 1998 |
CySEC, 118/10 FSC (BVI), SIBA/L/14/1063 | 1:1000 | $1 | Review | |
| Orbex Cyprus 2009 |
Banque de France, 73762 CNMV (Spain) 2894 CONSOB (Italy), 3148 CySEC, 124/10 FCA (UK), 553071 ESMA | 1:500 | $200 | Review | |
| OctaFX Saint Vincent and the Grenadines 2011 |
CySEC, 372/18 FCA (UK), 679306 IFSA (St. Vincent and Grenadines), 19776 IBC 2011 | 1:500 | $100 | Review | |
| CPT Markets Belize 2008 |
FCA (UK), 606110 IFSC (Belize), IFSC/60/430/18(33)h | 1:500 | $500 | Review | |
| Fullerton Markets Saint Vincent and the Grenadines 2015 | None | 1:500 | $200 | Review | |
| InstaForex Russian Federation 2007 |
FSA (St. Vincent & the Grenadines), IBC22945 FSC (BVI), SIBA/L/14/1082 | 1:1000 | $1 | Review | |
| JustForex Cyprus 2012 | None | 1:3000 | $1 | Review | |
| IronFX Australia 2010 |
ASIC, 417482 CySEC, 125/10 FCA (UK), 585561 FSCA (South Africa), 45276 | 1:30 | $100 | Review | |
| Swissquote Hong Kong 1996 |
DFSA (Dubai), 4 FCA (UK), 562170 FINMA 4 SFC (Hong Kong), 3 | 1:100 | $1000 | Review | |
| ForexMart Cyprus 2014 |
CySEC, 266/15 | 1:500 | $1 | Review | |
| XM Australia 2009 |
ASIC, 443670 BaFin, 124161 CNMV (Spain), 2010157773 CONSOB (Italy), 3046 CySEC, 120/10 FCA (UK), 538324 FSP (New Zealand) FSP235905 ESMA | 1:888 | $5 | Review | |
| FXCM Australia 1999 | ASIC 309763 CONSOB (Italy), 76 CySEC, 392/20 DMCC (Dubai), 31171 FCA (UK), 217689 ISA (Israel), 2 SFC (Hong Kong), AIM232 ESMA | 1:400 | $1 | Review | |
| LMFX Macedonia 2015 | None | 1:1000 | $50 | Review | |
| Grand Capital Armenia 2006 | FFMS 1204 The Financial Commission, 15.01.2016 | 1:500 | $10 | Review | |
| Weltrade Belarus 2006 |
IFSC (Belize), IFSC/60/350/TS/15-16 | 1:500 | $25 | Review | |
| FirewoodFX Saint Vincent and the Grenadines 2014 | None | 1:1000 | $10 | Review | |
| LiteForex Bulgaria 2005 |
CySEC, 093/08 (only LiteForex (Europe) Limited www.liteforex.eu) | 1:500 | $50 | Review | |
| FXOptimax Saint Vincent and the Grenadines 2009 |
FSA (St. Vincent & the Grenadines), 21417 | 1:1000 | $10 | Review | |
| FBS China 2009 |
ASIC, 426359 CySEC, 331/17 IFSC (Belize), IFSC/60/230/TS/12 | 1:3000 | $1 | Review | |
| NordFX Cyprus 2008 |
Vanuatu Financial Services Commission, 15008 | 1:1000 | $10 | Review | |
| Olymp Trade Cyprus 2014 |
The Financial Commission, 22.02.2016 | 1:500 | $2 | Review | |
| FXDD Malta 2002 |
FSC (Mauritius), C117017252 MFSA IS/48817 | 1:30 | $250 | Review | |
| iFOREX Cyprus 1996 |
CySEC, 143/11 | 1:30 | $100 | Review | |
| GKFX Chile 2009 |
ASIC, 424122 BaFin, 130602 CONSOB (Italy), 2915 Czech National Bank 256/2004 DMCC (Dubai), 32142 FCA (UK), 501320 Finansinspektionen (Sweden), 556873-1326 FINRA, 16.06.2021 SFC (Hong Kong), AZJ874 ESMA | 1:30 | $200 | Review | |
| Xtrade Cyprus 2010 |
ASIC, 342628 CySEC, 108/10 IFSC (Belize), IFSC/60/383/TS/15 NAFD (Russia) A | 1:400 | $100 | Review | |
| PaxForex Saint Vincent and the Grenadines 2010 | None | 1:500 | $10 | Review | |
| LQDFX Malta 2015 | None | 1:500 | $20 | Review | |
| TriumphFX Australia 2009 |
Ministry of Finance and Economic Management (Vanuatu), 17901 | 1:500 | $100 | Review | |
| Forex4You British Virgin Islands 2007 |
FSC (BVI), SIBA/L/12/1027 The Financial Commission, 22.10.2019 | 1:1000 | $1 | Review | |
| M4Markets Seychelles 2019 |
FSA (Seychelles), SD035 | 1:1000 | $5 | Review | |
| 24option Albania 2009 | IFSC (Belize) 000319/38 | 1:400 | $100 | Review | |
| AAAFx Greece 2010 |
FSP (New Zealand), FSP207987 | 1:30 | $300 | Review | |
| MARKETSX Cyprus 2006 |
AFM (Netherlands), 0900-5400 540 ASIC, 424008 BaFin, 122798 CySEC, 092/08 FCA (UK), 607305 FSA (Denmark), 6729 FSCA (South Africa), 46860 ESMA | 1:300 | $100 | Review | |
| Profiforex Belize 2010 | None | 1:500 | $1 | Review | |
| ICM Brokers Saint Vincent and the Grenadines 2007 | None | 1:400 | $300 | Review | |
| AccentForex Vanuatu 2010 |
Ministry of Finance and Economic Management (Vanuatu), 17931 | 1:500 | $10 | Review | |
| FXPCM Canada 2007 | Dubai Gold and Commodities Exchange 114 SCA (UAE), 204 | 1:500 | $100 | Review | |
| Forex.ee Estonia 2004 | None | 1:500 | $10 | Review | |
| Royal Australia 2008 |
ASIC, 420268 CySEC, 312/16 | 1:30 | $50 | Review | |
| PFD New Zealand 1999 | FMA (New Zealand) FSP28944 | 1:300 | $1 | Review | |
| Trust Capital Lebanon 2011 |
Banque du Liban, 20 Capital Markets Authority (Lebanon) 520 | 1:400 | $10000 | Review | |
| HMS Markets Luxembourg 1972 | CSSF (Luxembourg) B-10.559 ESMA | 1:50 | $5000 | Review | |
| Velocity Trade New Zealand 1999 |
AFM (Netherlands), 29.05.2020 ASIC, 329813 FCA (UK), 497263 Financial Dispute Resolution (NZ) FM0279 FMA (New Zealand), FSP20003 FSCA (South Africa), 43295 ESMA | 1:200 | $1000 | Review | |
| Ingot Brokers Australia 2004 |
ASIC, 428015 FSA (St. Vincent & the Grenadines), 24172 FSP (New Zealand), FSP157304 | 1:400 | $100 | Review | |
| One Financial Markets United Arab Emirates 2007 |
FCA (UK), 466201 SFC (Hong Kong), BFZ621 The Financial Commission, 14.05.2020 | 1:30 | $250 | Review | |
| GCI Anguilla 2002 | None | 1:400 | $500 | Review | |
| PhillipCapital Australia 1975 |
ASIC, AFSL 246827 FCA (UK), 169760 | 1:200 | $200 | Review | |
| Renesource Capital Latvia 1998 | FKTK (Latvia) 06.06.04.114/118.2 | 1:100 | $10 | Review | |
| WesternFX Bangladesh 2013 |
FSA (St. Vincent & the Grenadines), 21937 | 1:500 | $25 | Review | |
| TenkoFX Belize 2011 |
IFSC (Belize), IFSC/60/349/TS/15 | 1:500 | $10 | Review | |
| FX Choice Belize 2010 |
IFSC (Belize), IFSC/60/191/TS/15 | 1:200 | $100 | Review | |
| Hirose Financial UK Malaysia 2010 |
FCA (UK), 540244 | 1:30 | $1 | Review | |
| Core Liquidity Markets Australia 2013 |
ASIC, 164994049 | 1:500 | $100 | Review | |
| XGLOBAL Markets Cyprus 2012 |
BaFin, 132843 CNMV (Spain), 2013092102 CySEC, 171/12 FCA (UK), 602404 ESMA | 1:30 | $100 | Review | |
| Price Markets United Kingdom 2003 |
FCA (UK), 3218125 | 1:50 | $5000 | Review | |
| Traders Trust Bermuda 2009 |
CySEC, 107/09 | 1:500 | $50 | Review | |
| Euro Pacific Bank Saint Vincent and the Grenadines 2011 | None | 1:100 | $2500 | Review | |
| Forex Optimum Indonesia 2009 |
FSA (St. Vincent & the Grenadines), 20603 | 1:500 | $10 | Review | |
| GBE brokers Cyprus 2013 |
CySEC, 240/14 | 1:30 | $500 | Review | |
| Synergy Markets Australia 2011 |
ASIC, AFSL 403863 | 1:500 | $100 | Review | |
| Invast Financial Services Australia 1960 |
ASIC, 438283 | 1:400 | $100 | Review | |
| IFC Markets British Virgin Islands 2006 |
CySEC, 147/11 FSA (Labuan), MB / 20/004 FSC (BVI) SIBA/L/14/1073 | 1:400 | $1 | Review | |
| GAINSY Saint Vincent and the Grenadines 2012 |
FSA (St. Vincent & the Grenadines), 21559 | 1:500 | $10 | Review | |
| Blackwell Global Bahamas 2010 |
CySEC, 159/11 FCA (UK), 590313 Securities Commission of The Bahamas, SIA-F215. TIN. 109226376 | 1:200 | $1 | Review | |
| ICM Capital China 2009 |
FCA (UK), 520965 Jordan Securities Commission, 02.04.2020 | 1:30 | $200 | Review | |
| Larson & Holz IT Austria 2004 | FMRRC (Russia) RU 0394 AA Vv0018 | 1:500 | $250 | Review | |
| Corner Trader Switzerland 1952 | None | 1:200 | $1 | Review | |
| Forexite British Virgin Islands 1999 |
IFSC (Belize), 142/168 | 1:100 | $1 | Review | |
| DF Markets United Kingdom 2010 |
FCA (UK), 534027 | 1:200 | $10 | Review | |
| Vinson Financials Cyprus 2004 | None | 1:500 | $200 | Review | |
| NatureForex Belize 2011 |
IFSC (Belize), IFSC/60/214/TS/12 | 1:1000 | $20 | Review | |
| Tradeo Cyprus 2012 |
CySEC, 282/15 FSCA (South Africa), 46452 | 1:30 | $250 | Review | |
| Questrade FX Canada 1999 | None | 1:200 | $1000 | Review | |
| ForexCT Australia 2006 | None | 1:400 | $500 | Review | |
| MTrading China 2001 |
FSA (St. Vincent & the Grenadines), 24275 | 1:1000 | $100 | Review | |
| TMS Brokers Poland 1997 | None | 1:30 | $1000 | Review | |
| CMC Markets Australia 1989 |
BaFin, 154814 FCA (UK), 173730 | 1:500 | $1 | Review | |
| ITRADER Cyprus 2016 | None | 1:200 | $100 | Review | |
| City Index United Arab Emirates 2001 |
ASIC, ACN 141 774 727, AFSL 345646 FCA (UK), 113942 Monetary Authority of Singapore 200400922K | 1:30 | $250 | Review | |
| FXGM Cyprus 2011 |
BaFin, 130520 Banque de France, 74353 CNMV (Spain), 3321 CONSOB (Italy), 3567 CySEC, 161/11 FCA (UK), 593528 FSCA (South Africa), 47709 ESMA | 1:30 | $200 | Review | |
| Spread Co United Kingdom 2006 |
FCA (UK), 446677 | 1:10 | $160 | Review | |
| Advanced Markets United States 2006 |
ASIC, 444649 | 1:50 | $2500 | Review | |
| ATC Brokers Cayman Islands 2005 | Cayman Islands Monetary Authority 1448274 FCA (UK), 591361 | 1:200 | $5000 | Review | |
| Tallinex Estonia 2012 | None | 1:1000 | $100 | Review | |
| TryMarkets United Arab Emirates 2012 |
IFSC (Belize), FSC/60/337/TS/17 | 1:500 | $500 | Review | |
| Bulbrokers Bulgaria 1998 | Bulgarian National Bank GR00173 CNVM (Romania), 51389 FCA (UK), 544872 FSC (Bulgaria), РГ-03-0009/14.07.2008 ESMA | 1:200 | $100 | Review | |
| FXPIG Vanuatu 2010 | Ministry of Finance and Economic Management (Vanuatu) 165 Vanuatu Financial Services Commission, 014578 | 1:400 | $200 | Review | |
| Core Spreads United Kingdom 2014 |
FCA (UK), 525164 | 1:240 | $1 | Review | |
| Axiory Belize 2011 |
CySEC, 271/15 IFSC (Belize), 000122/15 | 1:777 | $10 | Review | |
| FxGrow Cyprus 2008 |
BaFin, WA37-K 5000-138982-2014/0001 Banque de France 74965 CNMV (Spain), 3755 CySEC, 214/13 FCA (UK), 628755 Finansinspektionen (Sweden), 14-10518 HCMC (Greece), 2703 ESMA | 1:100 | $100 | Review | |
| NSFX Malta 2011 |
BaFin, 131055 CNMV (Spain), 3354 CONSOB (Italy) 3597 FSA (Denmark), 9221 MFSA, IS/56519 ESMA | 1:50 | $300 | Review | |
| Alvexo Cyprus 2014 |
AFM (Netherlands), 02-04-2015 BaFin, 142529 CNMV (Spain), 3917 CONSOB (Italy), 4789 CySEC, 236/14 FCA (UK), 683301 FSA (Seychelles), SD030 ESMA | 1:400 | $500 | Review | |
| LCG United Kingdom 1996 |
FCA (UK), 182110 | 1:200 | $10000 | Review | |
| DeltaStock Bulgaria 1998 |
BaFin, 122477 CNVM (Romania) PJM01SFIM/400004 Czech National Bank, 215130 FCA (UK), 481581 FSA (Denmark), 6455 FSC (Bulgaria), RG-03-0146 ESMA | 1:200 | $100 | Review | |
| Finotec United Kingdom 1998 |
FCA (UK), 470392 | 1:200 | $200 | Review | |
| FXFlat Germany 1997 |
BaFin, 148415 | 1:400 | $200 | Review | |
| Trade360 Cyprus 2013 |
ASIC, 439907 CySEC, 202/13 | 1:200 | $500 | Review | |
| FreshForex Russian Federation 2004 |
FSA (St. Vincent & the Grenadines), 20623 IBC 2012 | 1:2000 | $200 | Review | |
| Abshire-Smith United Kingdom 2011 |
FCA (UK), 551970 | 1:200 | $500 | Review | |
| Finq Seychelles 2005 |
FSA (Seychelles), SD007 | 1:300 | $100 | Review | |
| Deriv Malaysia 1999 |
FSA (Labuan), MB/18/0024 FSC (BVI), SIBA/L/18/1114 MFSA, C70156 The Financial Commission, 08.06.2020 Vanuatu Financial Services Commission, 14556 | 1:1000 | $5 | Review | |
| Videforex United Kingdom 2016 | None | 1:100 | $250 | Review | |
| Evolve Markets Saint Vincent and the Grenadines 2016 | None | 1:1000 | $1 | Review | |
| Binary.com Japan 1999 |
FSA (Japan), 2949 MFSA, IS/70156 The Financial Commission, 08.06.2020 | 1:1000 | $1 | Review | |
| AAFX Trading Australia 2004 |
FSA (St. Vincent & the Grenadines), 22916 IBC | 1:2000 | $100 | Review | |
| FXGlory Cyprus 2011 | None | 1:3000 | $1 | Review | |
| SimpleFX Saint Vincent and the Grenadines 2014 | None | 1:500 | $1 | Review | |
| FxNet United Arab Emirates 2012 |
CySEC, 182/12 IFSC (Belize), 130266 | 1:500 | $50 | Review | |
| EverFX Cyprus 2015 |
Cayman Islands Monetary Authority, 1444866 CNMV (Spain), 4256 CySEC, 301/16 ESMA | 1:500 | $250 | Review | |
| Eightcap Australia 2009 |
ASIC, 391441 Vanuatu Financial Services Commission, 40377 | 1:500 | $100 | Review | |
| TradeView Forex Cayman Islands 2006 |
Cayman Islands Monetary Authority, 585163 | 1:400 | $100 | Review | |
| eXcentral Cyprus 2019 |
CySEC, 226/14 | 1:30 | $250 | Review | |
| TFI Markets Cyprus 1999 |
CySEC, 117/10 | 1:500 | $50 | Review | |
| Key to Markets United Kingdom 2010 |
FCA (UK), 527809 FSC (Mauritius), GB19024503 FSP (New Zealand), FSP296226 | 1:500 | $100 | Review | |
| Darwinex United Kingdom 2012 |
FCA (UK), 586466 | 1:200 | $500 | Review | |
| Credit Financier Invest Cyprus 1998 |
BaFin, 1338881 Banque du Liban 40 CySEC, 179/12 DFSA (Dubai), F003933 FCA (UK), 602588 Jordan Securities Commission, 200164731 | 1:30 | $1 | Review | |
| CM Trading Cyprus 2011 |
FSA (Seychelles), SD070 FSCA (South Africa), 38782 | 1:200 | $250 | Review | |
| FXCL Ireland 2006 |
FSA (St. Vincent & the Grenadines), 1637 | 1:1000 | $1 | Review | |
| Valutrades Seychelles 2013 |
FCA (UK), 586541 FSA (Seychelles), SD028 | 1:400 | $100 | Review | |
| Capital Index Australia 2014 |
FCA (UK), 709693 Securities Commission of The Bahamas, SIA-F199 | 1:200 | $100 | Review | |
| Fondex Cyprus 2010 |
CySEC, 138/11 FSA (Seychelles), 8424819-1 | 1:30 | $250 | Review | |
| ADS Prime United Kingdom 2010 |
FCA (UK), 577453 SFC (Hong Kong), AXC847 | 1:500 | $200 | Review | |
| ForexChief Vanuatu 2014 |
Ministry of Finance and Economic Management (Vanuatu), 14777 | 1:1000 | $10 | Review | |
| Bolmax Management Estonia 2009 | None | 1:100 | $100 | Review | |
| SmartFX United Arab Emirates 2018 |
Vanuatu Financial Services Commission, 40491 | 1:400 | $200 | Review | |
| IQ Option Cyprus 2013 |
CySEC, 247/14 | 1:300 | $1 | Review | |
| AMarkets Saint Vincent and the Grenadines 2007 |
FSA (St. Vincent & the Grenadines), 22567 IBC 2015 The Financial Commission, 01.09.2013 | 1:1000 | $100 | Review | |
| MaxiMarkets Russian Federation 2008 | None | 1:200 | $500 | Review | |
| UFX United Kingdom 2009 |
CySEC, 127/10 Vanuatu Financial Services Commission, 14581 | 1:200 | $100 | Review | |
| USGFX Australia 2006 |
FCA (UK), 798776 FSCA (South Africa), 49854 | 1:500 | $100 | Review | |
| TrioMarkets Cyprus 2014 |
CySEC, 268/15 FSC (Mauritius), C118023678 | 1:30 | $500 | Review | |
| BlackBull Markets New Zealand 2014 |
FCA (UK), 9556804 FMA (New Zealand), FSP403326 FSA (Seychelles), BBG Limited | 1:500 | $200 | Review | |
| Financial Spreads United Kingdom 2007 |
FCA (UK), 525164 | 1:200 | $1 | Review | |
| Alfa Capital Cyprus 2003 | Bank of Russia 1167746614947 CySEC, 387/20 | 1:100 | $1 | Review | |
| MultiBank Australia 2005 |
ASIC, 416279 BaFin, 73406 DFSA (Dubai), CL3989 FCA (UK), 481068 FSC (BVI), SIBA/L/14/1068 Ras Al Khaimah Free Trade Zone IC/2993/10 | 1:500 | $50 | Review | |
| SquaredFinancial Cyprus 2017 |
CySEC, 329/17 FSA (Seychelles), SD024 | 1:30 | $1 | Review | |
| ROinvesting Cyprus 2015 |
BaFin, 10146452 CNMV (Spain), 4075 CySEC, 269/15 FCA (UK), 731592 ESMA | 1:400 | $100 | Review | |
| FinmaxFX Seychelles 2017 |
FMRRC (Russia), TSRF RU 0395 AA V0150 Vanuatu Financial Services Commission, 41072 | 1:200 | $250 | Review | |
| Forex24 Cyprus |
BaFin, 2017/1349943 CNMV (Spain), 4373 CONSOB (Italy), 4624 CySEC, 300/16 FCA (UK), 782501 ESMA | 1:400 | $2000 | Review | |
| ATFX Cyprus 2015 |
Banque de France, 75626 CNMV (Spain), 4185 CNVM (Romania), 110536 CySEC, 285/15 FCA (UK), 760555 Finansinspektionen (Sweden), FT00096123 FSA (Sweden), NOR-149113 ESMA | 1:30 | $200 | Review | |
| ForexTB Cyprus 2020 |
CySEC, 272/15 | 1:30 | $250 | Review | |
| TradeATF Belize 2013 |
IFSC (Belize), 60/322/TS/19 | 1:500 | $100 | Review | |
| EuropeFX Cyprus 2014 |
CNMV (Spain), 4065 CONSOB (Italy), 4071 Finansinspektionen (Sweden), 38431 ESMA | 1:30 | $1000 | Review | |
| VPFX Malaysia 2020 |
FSA (Labuan), LL16224 | 1:500 | $100 | Review | |
| FXGate Malaysia 2019 |
FSA (Labuan), MB/19/0031 | 1:100 | $100 | Review | |
| Your FX Broker Cayman Islands 2020 |
Cayman Islands Monetary Authority, 585163 | 1:100 | $100 | Review | |
| FxView Cyprus 2018 |
BaFin, 157125 CNMV (Spain), 4892 CONSOB (Italy), 5151 CySEC, 367/18 FCA (UK), 850138 The Financial Commission, 06.07.2021 ESMA | 1:500 | $1 | Review | |
| Skilling Cyprus 2016 |
CySEC, 357/18 FCA (UK), 810951 FSA (Seychelles), SD042 | 1:500 | $100 | Review | |
| SFEX Hong Kong 2019 |
IFSA (St. Vincent and Grenadines), 443 LLC 2020 | 1:100 | $1000 | Review | |
| CLMarkets Australia 2013 |
ASIC, 164994049 | 1:500 | $100 | Review | |
| StreamsFxGlobal Saint Vincent and the Grenadines 2019 | None | 1:100 | $200 | Review | |
| Yadix Seychelles 2010 |
FSA (Seychelles), SD021 | 1:500 | $100 | Review | |
| NAGA Cyprus 2015 |
CySEC, 204/13 | 1:500 | $250 | Review | |
| Axes Ukraine 2018 |
IFSA (St. Vincent and Grenadines), 338 llc 2020 | 1:500 | $500 | Review | |
| Anzo Capital Australia 2015 |
ASIC, AFSL 514425 FSA (St. Vincent & the Grenadines), 308 LLC 2020 IFSC (Belize), 000331/48 | 1:1000 | $100 | Review | |
| Streams Saint Vincent and the Grenadines 2019 | None | 1:500 | $100 | Review | |
| LonghornFX Saint Vincent and the Grenadines 2020 | None | 1:500 | $10 | Review | |
| streamsfx Cyprus 2019 |
CySEC, 376/19 | 1:30 | $500 | Review | |
| Dizicx Congo 2016 |
FSA (St. Vincent & the Grenadines), 26026 | 1:400 | $100 | Review | |
| Ubrokers Greece 2020 | HCMC (Greece) license number 2/11/24.5.1994 ESMA | 1:30 | $250 | Review | |
| Blaze Markets Australia 2020 |
FSA (St. Vincent & the Grenadines), 26027 BC 2020 | 1:200 | $100 | Review | |
| VT Markets Austria 2016 |
ASIC, 428901 Cayman Islands Monetary Authority, 1383491 FCA (UK), 590299 | 1:500 | $200 | Review | |
| Evotrade Seychelles 2010 | None | 1:200 | $250 | Review | |
| Eurotrader Marshall Islands 2015 |
CySEC, 279/15 FINMA, CHE-100.635.032 FSCA (South Africa), 44351 | 1:500 | $50 | Review | |
| Axiance Cyprus 2015 |
Cayman Islands Monetary Authority, 1444866 CNMV (Spain), 4256 CySEC, 301/16 FSA (Seychelles), SD036 FSC (Mauritius), GB20025770 ESMA | 1:500 | $250 | Review | |
| Milton Prime Cyprus 2014 |
CySEC, 248/14 FSA (Seychelles), SD040 | 1:500 | $300 | Review | |
| Capital.com Australia 2017 |
ASIC, 513393 CySEC, 319/17 FCA (UK), 793714 NBRB (Belarus), 193225654 | 1:30 | $100 | Review | |
| Opoforex Saint Vincent and the Grenadines 2021 | None | 1:500 | $100 | Review | |
| CryptoAltum Marshall Islands 2019 | None | 1:500 | $10 | Review | |
| LiteFinance Bulgaria 2005 |
CySEC, 093/08 (only LiteForex (Europe) Limited www.liteforex.eu) | 1:500 | $50 | Review | |
| Vantage Australia 2006 |
ASIC, #ACN 140 903 886 Cayman Islands Monetary Authority, 1383491 FCA (UK), 501057 Vanuatu Financial Services Commission, 700271 | 1:500 | $200 | Review | |
| LiquidityX Greece 1994 |
HCMC (Greece), 2/11/24.5.1994 ESMA | 1:30 | $250 | Review | |
| Evest Vanuatu 2021 |
Vanuatu Financial Services Commission, 17910 | 1:400 | $250 | Review | |
| Sage FX Saint Vincent and the Grenadines 2020 | None | 1:500 | $10 | Review | |
| Number One Capital Markets Turkey 2017 |
Vanuatu Financial Services Commission, 15035 | 1:1000 | $5 | Review | |
| Colmex Pro Cyprus 2009 |
CySEC, 123/10 FSCA (South Africa), 46990 | 1:30 | $2000 | Review | |
| Investous Belize 2018 |
IFSC (Belize), 000349/122 | 1:500 | $250 | Review | |
| AETOS Australia 2007 |
ASIC, 313016 FCA (UK), 592778 Vanuatu Financial Services Commission, 700450 | 1:200 | $250 | Review | |
| CapitalCore Saint Vincent and the Grenadines 2019 | None | 1:1000 | $1 | Review | |
| CryptoGT Marshall Islands 2017 | None | 1:500 | $BTC 0.0001 | Review | |
| FXGT Seychelles 2019 |
FSA (Seychelles), SD019 | 1:500 | $10 | Review | |
| HFTrading New Zealand 2019 |
ASIC, 414198 FSP (New Zealand), FSP197465 | 1:400 | $300 | Review | |
| XtreamForex Marshall Islands 2015 | None | 1:1000 | $5 | Review | |
| CedarFX Saint Vincent and the Grenadines 2020 | None | 1:500 | $10 | Review | |
| Trading 212 United Kingdom 2006 |
CySEC, 398/21 FCA (UK), 609146 FSC (Bulgaria), RG-03-0237 ESMA | 1:30 | $10 | Review | |
| TMGM Australia 2013 |
ASIC, 436416 FSP (New Zealand), 569807 Vanuatu Financial Services Commission, 40356 | 1:500 | $100 | Review | |
| Moneta Markets Australia 2020 |
Cayman Islands Monetary Authority, 1383491 Vanuatu Financial Services Commission, 700271 | 1:500 | $50 | Review | |
| ForexVox United Kingdom 2019 |
FCA (UK), 586541 FSA (Seychelles), Securities Dealer License No SD028 | 1:500 | $1 | Review | |
| AdroFx Saint Lucia 2018 |
FSA (St. Vincent & the Grenadines), 1061 | 1:500 | $25 | Review | |
| BMFN Australia 1988 |
Vanuatu Financial Services Commission, 40202 | 1:400 | $50 | Review | |
| Fusion Markets Australia 2018 |
ASIC, 226199 Vanuatu Financial Services Commission, 40256 | 1:500 | $1 | Review | |
| TOP1Markets Australia 2018 |
ASIC, 488340/001276870 Vanuatu Financial Services Commission, 40436 | 1:100 | $100 | Review | |
| LMAX Global United Kingdom 2008 |
CySEC, 310/16 FCA (UK), 509778 | 1:30 | $10000 | Review | |
| AZAforex Saint Vincent and the Grenadines 2016 | None | 1:1000 | $1 | Review | |
| FXGlobe Cyprus 2008 |
BaFin, 136044 CNMV (Spain), 3628 CONSOB (Italy), 4071 CySEC, 205/13 MFSA, FLTD7 ESMA | 1:500 | $250 | Review | |
| Scandinavian Capital Markets Sweden 2011 | Finansinspektionen (Sweden) 556863-5972 | 1:100 | $10000 | Review | |
| Invest100 Saint Vincent and the Grenadines 2018 |
FSCA (South Africa), 49976 | 1:400 | $250 | Review | |
| CFDTimes Cyprus 2012 | IFSA (St. Vincent and Grenadines) 25694 IBC | 1:500 | $5 | Review | |
| Fortrade United Kingdom 2013 |
ASIC, 493520 CySEC, 385/20. FCA (UK), 609970 IIROC 20-0021 NBRB (Belarus), 193075810 | 1:100 | $500 | Review | |
| Turnkey Forex United Kingdom 2009 | None | 1:400 | $200 | Review | |
| CMS Trader Australia 2013 | None | 1:400 | $500 | Review | |
| Circle Markets New Zealand 2016 | FSCL (New Zealand) 6584 FSP (New Zealand), FSP460986 Ministry of Finance and Economic Management (Vanuatu), 40389 | 1:500 | $50 | Review | |
| ayondo Germany 2008 | None | 1:200 | $100 | Review | |
| TegasFX Singapore 2016 |
Ministry of Finance and Economic Management (Vanuatu), 14697 | 1:200 | $200 | Review | |
| Ally Invest United States 2009 |
CFTC/NFA, 0408077 | 1:50 | $1 | Review | |
| Global Prime Australia 2010 |
ASIC, 385620 FSA (Seychelles), SD057 Vanuatu Financial Services Commission, 40256 | 1:200 | $200 | Review | |
| Tifia Indonesia 2011 |
FSC (Mauritius), GB19024824 Ministry of Finance and Economic Management (Vanuatu), 40209 | 1:1000 | $10 | Review | |
| Swiss Markets Cyprus 2016 |
CySEC, 199/13 FSC (Mauritius), C116016172 | 1:500 | $200 | Review | |
| FXB Trading Saint Vincent and the Grenadines 2015 |
FSA (St. Vincent & the Grenadines), 22500 | 1:500 | $250 | Review | |
| World Forex Vanuatu 2007 |
FSC (BVI), 1420912 Vanuatu Financial Services Commission, 300236 | 1:500 | $1 | Review | |
| Markets Cube Cyprus 2017 | None | 1:100 | $5000 | Review | |
| TradeCMX Saint Vincent and the Grenadines 2012 |
FSA (St. Vincent & the Grenadines), 23586 IBC | 1:500 | $1000 | Review | |
| Global Market Index China 2009 |
FCA (UK), 677530 Vanuatu Financial Services Commission, 14646 | 1:200 | $25 | Review | |
| CIBFX Vanuatu 2005 |
Ministry of Finance and Economic Management (Vanuatu), 14637 | 1:200 | $500 | Review | |
| JFD Bank Bulgaria 2011 |
BaFin, 120056 CySEC, 150/11 | 1:400 | $500 | Review | |
| WSSolution Saint Vincent and the Grenadines 2015 | None | 1:400 | $250 | Review | |
| Trade12 Marshall Islands 2015 | None | 1:400 | $250 | Review | |
| OneTrade United Kingdom 2011 |
BaFin, 126361 CNMV (Spain), 3058 FCA (UK), 537787 ESMA | 1:100 | $500 | Review | |
| Titan FX Vanuatu 2013 |
Vanuatu Financial Services Commission, 40313 | 1:500 | $200 | Review | |
| Alpari Saint Vincent and the Grenadines 1998 | FSA (Seychelles) SD026 FSA (St. Vincent & the Grenadines), 20389 IBC 2012 The Financial Commission, 01.09.2013 | 1:1000 | $1 | Review | |
| VARIANSE United Kingdom 2015 |
FCA (UK), 802012 | 1:30 | $500 | Review | |
| Land-FX China 2013 |
FCA (UK), 709866 FSP (New Zealand), FSP264385 | 1:500 | $300 | Review | |
| FCI Markets United Kingdom 2016 |
FCA (UK), 616985 | 1:100 | $500 | Review | |
| Gerchik & Co Vanuatu 2015 |
The Financial Commission, 31.01.2017 Vanuatu Financial Services Commission, 40512 | 1:100 | $500 | Review | |
| AAATrade Cyprus 2013 |
BaFin, 45052 CySEC, 244/14 FCA (UK), 659844 | 1:200 | $1 | Review | |
| Trade Fintech United Kingdom 2016 | None | 1:200 | $250 | Review | |
| JCMFX Belize 2014 |
FSA (St. Vincent & the Grenadines), 23313 | 1:1000 | $10 | Review | |
| FX Giants Cyprus 2015 |
FCA (UK), 585561 | 1:30 | $100 | Review | |
| Milton Markets New Zealand 2014 |
Vanuatu Financial Services Commission, 40370 | 1:1000 | $300 | Review | |
| SuperForex Belize 2013 |
IFSC (Belize), IFSC/60/292/TS/14 | 1:1000 | $1 | Review | |
| CMS Prime United Arab Emirates 2004 |
FSA (St. Vincent & the Grenadines), 24495 IBC 2018 FSC (Mauritius), GB19024331 Vanuatu Financial Services Commission, 40437 | 1:500 | $1000 | Review | |
| CrescoFX United Kingdom 2012 |
FCA (UK), 764353 | 1:500 | $10000 | Review | |
| Markets Invest Hungary 2017 | None | 1:1000 | $250 | Review | |
| One Global Market United Kingdom 2016 |
FCA (UK), 769481 | 1:30 | $10000 | Review | |
| FX Trading Pro United States 2018 |
CFTC/NFA, 0509828 | 1:50 | $20 | Review | |
| CapitalXP Saint Vincent and the Grenadines 2015 | None | 1:100 | $250 | Review | |
| ACY Securities Australia 2013 |
ASIC, 403863 | 1:500 | $100 | Review | |
| Blueberry Markets Australia 2016 |
ASIC, 391441 | 1:500 | $100 | Review | |
| TradeLTD Estonia 2017 | None | 1:200 | $200 | Review | |
| INFINOX United Kingdom 2009 |
FCA (UK), 501057 FSC (Mauritius), GB20025832 | 1:30 | $100 | Review | |
| TIOmarkets Cyprus 2019 |
FCA (UK), 488900 FSA (St. Vincent & the Grenadines), 24986 | 1:200 | $1 | Review | |
| Trendex Hong Kong 2019 | None | 1:400 | $500 | Review | |
| PrimeXBT Saint Vincent and the Grenadines 2018 | None | 1:1000 | $BTC1 | Review | |
| Just2Trade Cyprus 2015 |
CySEC, 281/15 | 1:500 | $100 | Review | |
| XBTFX Saint Vincent and the Grenadines 2019 |
FSA (St. Vincent & the Grenadines), 152 | 1:500 | $1 | Review | |
| Purple Trading Cyprus 2015 |
CySEC, 271/15 | 1:30 | $100 | Review | |
| AMP Global Cyprus 2018 |
BaFin, 154811 CFTC/NFA, 0412490 CNMV (Spain), 4624 CONSOB (Italy), 4869 CySEC, 360/180 FCA (UK), 819311 ESMA | 1:50 | $100 | Review | |
| LegacyFx Cyprus 2017 |
BaFin, 348194 CySEC, 344/17 FCA (UK), 797343 NBRB (Belarus), 193180778 Vanuatu Financial Services Commission, 14579 | 1:200 | $500 | Review | |
| EBH Forex Bulgaria 2012 |
FSC (Bulgaria), RG-03-197/20.12.2017 ESMA | 1:30 | $100 | Review | |
| RCPro Estonia 2018 | None | 1:200 | $500 | Review | |
| UBFX China 2016 |
Ministry of Finance and Economic Management (Vanuatu), 14745 | 1:400 | $1 | Review | |
| AMEGA Cyprus 2018 | None | 1:1000 | $1 | Review | |
| Big Boss Hong Kong 2014 |
IFSA (St. Vincent and Grenadines), SV&G IBC No:23356 IBC 2016 | 1:999 | $1 | Review | |
| Capital Street FX Bulgaria 2012 |
FSC (Mauritius), C112010690 | 1:3500 | $100 | Review | |
| ETO Markets Australia 2013 |
ASIC, 420224 | 1:30 | $200 | Review | |
| Equiti Global Markets Armenia 2007 | DMCC (Dubai) 31573 Dubai Gold and Commodities Exchange, 31573 FCA (UK), 528328 SCA (UAE), 607136 | 1:500 | $500 | Review | |
| Coinexx United Kingdom 2017 | None | 1:500 | $7 | Review | |
| FXLinked Seychelles 2018 |
FSA (Seychelles), SD011 | 1:400 | $10 | Review | |
| JAFX Saint Vincent and the Grenadines 2013 | None | 1:500 | $10 | Review | |
| CryptoRocket Saint Vincent and the Grenadines 2019 | None | 1:500 | $10 | Review | |
| EagleFX Dominica 2018 | None | 1:500 | $10 | Review | |
| TurboForex Argentina 2010 |
FSP (New Zealand), 332266 | 1:500 | $250 | Review | |
| Fort Financial Services China 2010 |
IFSC (Belize), IFSC/60/256/TS/14 | 1:1000 | $5 | Review | |
| Trade8 Switzerland 2017 | None | 1:300 | $BTC0 | Review | |
| TradeFW Cyprus 2018 |
CySEC, 298/16 | 1:30 | $250 | Review | |
| Boston Merchant Financial Australia 1988 |
ASIC, 379035 FCA (UK), 563348 FFMS, 1220 FSC (Bulgaria), RG-03-220 FSP (New Zealand), FSP328066 ESMA | 1:400 | $50 | Review | |
| GANNMarkets Montenegro 2018 |
The Financial Commission, 21.05.2020 | 1:400 | $10 | Review |
As a training ground for new traders to hone their skill and discipline before jumping into the live market, the demo account allows new traders to see what the market looks like and how it works without losing any real money. New traders may use it to make them feel confident enough to place some real money in the market. More experienced traders are also welcome here if they want to test a new trading strategy.
Here we have a list of how a demo account may benefit you and what downsides you need to avoid.
Demo Account: The Pros
Absolutely Free of Charge
Not a single penny is required in order to set up this account. Just create one and the broker of your choice will provide you with some virtual funds, some forex broker can provide up to $100,000 virtual fund and some leverage.
No Financial Risk
If there is one thing about forex trading that bears no risk, that thing will be a demo account. Use that virtual money all you want. You may continue to do real trading if you think you like it and can profit out of it or quit if this does not suit you.
An Early Way of Knowing Your Broker's Quality
A demo account is something that a forex broker may provide for a new trader in order to show them the ropes. You can see for yourself how a particular forex broker works in providing services for clients by registering for its demo account. See how it communicates with you, try the demo trading platform, figure out the spread and/or commission applied, and many others in relation to how a good forex broker should be .
Free Simulation of Trading Tools
Forex trading is carried out with the help of several tools like any other trade. Like a mechanic that does not fasten a bolt with a bare hand, a forex trader does not use the platform by itself. There are many tools that you can use to predict what is coming up next, and they can be tried out without risking your money in a demo account.
A Practical Way to Hone Your Skills
This is the main goal of a demo account; practice without risk. If you can take this training ground seriously, you might be able to jump into the market and actually place real money there. You might not be 100% immune to losses but at least most of that risk should be mitigated by now.
Demo Account: The Cons
Ignorance of Risks
What seems to be a beneficial convenience may turn out to be a major downfall if you do not aware of it. The absence of consequences to your real money can get you carried away in trading carelessly. If this habit continues to live after you progress to the live account, you will find yourself penniless in no time.
Tendency to Gamble
While it is not wrong to treat a demo account like a game of gamble, it is advised that whoever wants to get into forex trading must use the demo account as intended and that is to train, practice, and learn. Such caution is taken to prevent said behavior from transferring over to a live account.
The Comfort Zone
Although your profit from a demo account is a sum of virtual money that can't be withdrawn or liquidated into real money, it still brings about some sort of excitement. This is where things get dangerous. Being too comfortable in the demo account can hinder you from the real success of trading with a live account.
Doesn't Fully Reflect the Real Trading Condition
There is literally nothing to lose in a demo account, and its platform basically enables traders to trade in the real-time forex market, not the simulated one. Yet, it is important to note that because the orders are all virtual in the demo account, everything tends to go smoothly without any major disturbance like slippage, market freeze, requote, or other execution problems. Any trader who likes to trade in a volatile market would be surprised by the risks of running into such problems when they experience live trading for the first time. If not anticipated carefully, these kinds of problems can lead to damaging losses that destroy your account.
So, Is Demo Account Really Useful?
Every successful trader has lost some amount of cash during their career, so do not feel bad when you do. A demo account exists to give you the training field so that you can learn everything without paying a high price. Still, that small pleasure can trick your brain into thinking that risk is simply non-existent. When that effect sets in, your account could bleed out too soon. Thus, it is important to know how to use the demo account wisely.
The second you enter live trading, always remember that your hard-earned money is literally on the line. Tread carefully as to not losing it. When you do lose some of it, remember the pain and take it to the heart so you can execute your next move with greater caution.
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