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 Max Leverage Min Deposit
Dukascopy
Hong Kong 1998

1:200 $100 Review
ActivTrades
Bahamas 2001

  • DFSA (Dubai) F003511
  • FCA (UK)
  • Securities Commission of The Bahamas
1:400 $100 Review
Axi
Australia 2007

  • ASIC
  • DFSA (Dubai)
  • FCA (UK)
  • FSCL (New Zealand)
1:500 $1 Review
XTB
Austria 2002

  • CNMV (Spain)
  • Czech National Bank
  • DFSA (Dubai)
  • FCA (UK)
  • FSA (Poland)
  • FSCA (South Africa)
  • IFSC (Belize)
  • ESMA
1:30 $1 Review
Interactive Brokers
Australia 1977

  • ASIC
  • Central Bank of Ireland 23.12.2020
  • CFTC/NFA
  • FCA (UK)
  • Hungarian National Bank
  • Monetary Authority of Singapore
  • SEC (US)
1:100 $10000 Review
Windsor Brokers
China 1998

  • AFM (Netherlands) 72346
  • BaFin
  • Capital Markets Authority of Kenya
  • CySEC
  • FCA (UK)
  • ESMA
1:500 $100 Review
FP Markets
Australia 2005

  • ASIC
  • CySEC
1:500 $100 Review
Vantage
Australia 2006

  • ASIC
  • Cayman Islands Monetary Authority
  • FCA (UK)
  • Vanuatu Financial Services Commission
1:500 $200 Review
HYCM
Hong Kong 1977

  • Cayman Islands Monetary Authority
  • CySEC
  • DFSA (Dubai)
  • FCA (UK)
  • FSA (St. Vincent & the Grenadines)
1:325 $100 Review
Pepperstone
Australia 2010

  • ASIC
  • BaFin 151148
  • Capital Markets Authority of Kenya
  • CySEC
  • DFSA (Dubai)
  • FCA 684312
  • SCB SIA-F217
1:30 $200 Review
IG
Australia 1974

  • CFTC/NFA
  • FCA (UK)
1:50 $1 Review
easyMarkets
Australia 2001

  • ASIC
  • CySEC
  • FSA (Seychelles)
  • FSC (BVI)
1:400 $25 Review
Hantec Markets
Australia 2009

1:30 $1000 Review
IC Markets
Australia 2007

  • ASIC
  • CySEC
  • Securities Commission of The Bahamas
  • The Financial Commission
1:500 $200 Review
AGEA
Montenegro 2005

1:500 $1 Review
Admirals
Argentina 2001

  • ASIC
  • CySEC
  • FCA (UK)
  • FSA (Estonia)
  • FSA (Seychelles)
  • FSCA (South Africa)
  • IIROC
  • Jordan Securities Commission
1:500 $100 Review
AvaTrade
Australia 2006

1:400 $100 Review
Exness
Cyprus 2008

  • Capital Markets Authority of Kenya
  • CySEC
  • FCA (UK)
  • FSA (Seychelles)
  • FSC (BVI)
  • FSC (Mauritius)
  • FSCA (South Africa)
  • The Financial Commission 22.07.2021
1:2000 $1 Review
GOMarkets
Australia 2008

  • ASIC
  • CySEC
  • DMCC (Dubai)
1:500 $200 Review
ThinkMarkets
Australia 2010

  • ASIC
  • FCA (UK)
  • FSA (Japan)
  • FSCA (South Africa)
1:500 $1 Review
Fxview
Cyprus 2018

  • CySEC
1:30 EU 1 $5 Review
Forex.com
Australia 1999

  • CFTC/NFA 0339826
  • FCA (UK)
  • FSA (Japan)
  • IIROC
1:200 $250 Review
Plus500
Australia 2008

  • ASIC
  • CySEC
  • FCA (UK)
  • FSA (Estonia)
  • FSCA (South Africa) 47546
  • ISA (Israel)
  • Monetary Authority of Singapore
1:300 $100 Review
Tickmill
Seychelles 2014

  • BaFin
  • CySEC 278/15
  • FCA (UK)
  • FSA (Seychelles)
  • FSCA (South Africa)
1:500 $100 Review
Libertex
Armenia 1997

1:600 $1 Review
eToro
China 2007

  • ASIC
  • CySEC
  • FCA (UK) FRN 583263
  • Financial Services Regulatory Authority (Abu Dhabi)
  • FINRA
1:400 $200 Review
TMGM
Australia 2013

  • ASIC
  • FSP (New Zealand)
  • The Financial Commission
  • Vanuatu Financial Services Commission
1:500 $100 Review
Saxo Bank
China 1992

  • ASIC
  • Banque de France
  • CySEC
  • FCA (UK)
  • FSA (Denmark)
  • SFC (Hong Kong) 1395901
  • ESMA
1:200 $2000 Review
Blueberry Markets
Australia 2016

  • ASIC
  • Securities Commission of The Bahamas
1:500 $100 Review
FXOpen
Australia 2003

  • ASIC
  • FCA (UK)
  • The Financial Commission
1:500 $1 Review
HF Markets
Cyprus 2010

  • Capital Markets Authority of Kenya
  • CySEC
  • DFSA (Dubai)
  • FCA (UK)
  • FSA (Seychelles)
  • FSA (St. Vincent & the Grenadines)
  • FSC (Mauritius)
  • FSCA (South Africa)
1:1000 $5 Review
OANDA
British Virgin Islands 1996

1:20 $1 Review
OvalX
Cyprus 1965

  • CySEC
  • FCA (UK)
  • FSCA (South Africa)
1:400 $100 Review
FXPRIMUS
Cyprus 2009

  • CySEC
  • FSCA (South Africa)
  • Vanuatu Financial Services Commission
1:500 $2500 Review
FXTM
Belize 2011

1:2000 $10 Review
FxPro
Bahamas 2006

  • CySEC
  • DFSA (Dubai)
  • FCA (UK)
  • FSCA (South Africa)
1:50 $100 Review
BDSwiss
Cyprus 2012

  • BaFin
  • CFTC/NFA
  • CySEC
  • FSA (Seychelles)
  • FSC (Mauritius)
1:400 $100 Review
RoboForex
Belize 2009

  • IFSC (Belize)
  • The Financial Commission
1:2000 $10 Review
Juno Markets
Vanuatu 2014

1:500 $100 Review
FIBOGroup
Austria 1998

  • CySEC
  • FSC (BVI)
1:1000 $1 Review
Axiory
Belize 2011

  • FSC (Mauritius)
  • IFSC (Belize)
1:777 $10 Review
Orbex
Cyprus 2009

1:500 $200 Review
OctaFX
Saint Vincent and the Grenadines 2011

  • CySEC
  • FCA (UK)
  • IFSA (St. Vincent and Grenadines)
1:500 $100 Review
CPT Markets
Belize 2008

  • FCA (UK)
  • IFSC (Belize)
1:500 $500 Review
Fullerton Markets
Saint Vincent and the Grenadines 2015

  • The Financial Commission
1:500 $200 Review
InstaForex
Russian Federation 2007

  • FSA (St. Vincent & the Grenadines)
  • FSC (BVI)
1:1000 $1 Review
JustForex
Cyprus 2012

  • FSA (Seychelles)
  • FSA (St. Vincent & the Grenadines)
1:3000 $1 Review
IronFX
Australia 2010

  • ASIC
  • CySEC
  • FCA (UK)
  • FSCA (South Africa)
1:30 $100 Review
Swissquote
Hong Kong 1996

  • DFSA (Dubai)
  • FCA (UK)
  • FINMA 4
  • SFC (Hong Kong)
1:100 $1000 Review
ForexMart
Cyprus 2014

  • CySEC
1:500 $1 Review
XM
Australia 2009

  • ASIC
  • BaFin
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • FSP (New Zealand) FSP235905
  • IFSC (Belize)
  • ESMA
1:888 $5 Review
FXCM
Australia 1999

  • ASIC 309763
  • CONSOB (Italy)
  • CySEC
  • DMCC (Dubai)
  • FCA (UK)
  • ISA (Israel)
  • SFC (Hong Kong)
  • ESMA
1:400 $1 Review
Grand Capital
Armenia 2006

  • FFMS 1204
  • The Financial Commission
1:500 $10 Review
Weltrade
Belarus 2006

  • FSCA (South Africa)
  • IFSC (Belize)
1:500 $25 Review
FirewoodFX
Saint Vincent and the Grenadines 2014

1:1000 $10 Review
FXOptimax
Saint Vincent and the Grenadines 2009

  • FSA (St. Vincent & the Grenadines)
1:1000 $10 Review
LiteFinance
Bulgaria 2005

  • CySEC
1:500 $50 Review
LiteForex
Bulgaria 2005

  • CySEC
1:500 $50 Review
FBS
China 2009

1:3000 $1 Review
NordFX
Cyprus 2008

  • Vanuatu Financial Services Commission
1:1000 $10 Review
Olymp Trade
Cyprus 2014

  • The Financial Commission
1:500 $2 Review
FXDD
Malta 2002

  • FSC (Mauritius)
  • MFSA
1:30 $250 Review
iFOREX
Cyprus 1996

  • CySEC
1:30 $100 Review
FreshForex
Russian Federation 2004

  • FSA (St. Vincent & the Grenadines)
1:2000 $1 Review
GKFX
Chile 2009

  • ASIC
  • BaFin
  • CONSOB (Italy)
  • Czech National Bank 256/2004
  • DMCC (Dubai)
  • FCA (UK)
  • Finansinspektionen (Sweden)
  • FINRA
  • SFC (Hong Kong)
  • ESMA
1:30 $200 Review
Xtrade
Cyprus 2010

1:400 $100 Review
PaxForex
Saint Vincent and the Grenadines 2010

1:500 $10 Review
TenkoFX
Belize 2011

  • IFSC (Belize)
1:500 $10 Review
LQDFX
Malta 2015

1:500 $20 Review
TriumphFX
Australia 2009

  • FSA (Seychelles)
  • Vanuatu Financial Services Commission
1:500 $100 Review
Forex4You
British Virgin Islands 2007

  • FSC (BVI)
  • The Financial Commission
1:1000 $1 Review
SimpleFX
Saint Vincent and the Grenadines 2014

1:500 $1 Review
M4Markets
Seychelles 2019

  • FSA (Seychelles)
1:1000 $5 Review
Royal
Australia 2008
  • ASIC
  • CySEC
1:30 $50 Review
MARKETSX
Cyprus 2006
  • AFM (Netherlands)
  • ASIC
  • BaFin
  • CySEC
  • FCA (UK)
  • FSA (Denmark)
  • FSCA (South Africa)
  • ESMA
1:300 $100 Review
GAINSY
Saint Vincent and the Grenadines 2012
  • FSA (St. Vincent & the Grenadines)
1:500 $10 Review
Blackwell Global
Bahamas 2010
  • CySEC
  • FCA (UK)
  • Securities Commission of The Bahamas
1:200 $1 Review
ICM Capital
China 2009
  • FCA (UK)
  • Jordan Securities Commission
1:30 $200 Review
IFC Markets
British Virgin Islands 2006
1:400 $1 Review
Larson & Holz IT
Austria 2004
1:500 $250 Review
DF Markets
United Kingdom 2010
  • FCA (UK)
1:200 $10 Review
ICM Brokers
Saint Vincent and the Grenadines 2007
1:400 $300 Review
AccentForex
Vanuatu 2010
  • Vanuatu Financial Services Commission
1:500 $10 Review
Profiforex
Belize 2010
1:500 $1 Review
FXPCM
Canada 2007
1:500 $100 Review
Renesource Capital
Latvia 1998
1:100 $10 Review
Synergy Markets
Australia 2011
  • ASIC
1:500 $100 Review
Trade360
Cyprus 2013
1:200 $500 Review
NatureForex
Belize 2011
  • IFSC (Belize)
1:1000 $20 Review
Alvexo
Cyprus 2014
  • AFM (Netherlands)
  • BaFin
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • FSA (Seychelles)
  • ESMA
1:400 $500 Review
Forex Optimum
Indonesia 2009
  • FSA (St. Vincent & the Grenadines)
1:500 $10 Review
Titan FX
Vanuatu 2013
  • Vanuatu Financial Services Commission
1:500 $200 Review
OneTrade
United Kingdom 2011
  • BaFin
  • CNMV (Spain)
  • FCA (UK)
  • ESMA
1:100 $500 Review
Trade12
Marshall Islands 2015
1:400 $250 Review
WSSolution
Saint Vincent and the Grenadines 2015
1:400 $250 Review
Bolmax Management
Estonia 2009
1:100 $100 Review
FXGlobe
Cyprus 2008
  • BaFin
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • MFSA
  • ESMA
1:500 $250 Review
ADS Prime
United Kingdom 2010
1:500 $200 Review
Valutrades
Seychelles 2013
  • FCA (UK)
  • FSA (Seychelles)
1:400 $100 Review
PhillipCapital
Australia 1975
  • ASIC
  • FCA (UK)
1:200 $200 Review
Trust Capital
Lebanon 2011
1:400 $10000 Review
Forex.ee
Estonia 2004
1:500 $10 Review
GBE brokers
Cyprus 2013
  • CySEC
1:30 $500 Review
WesternFX
Bangladesh 2013
  • FSA (St. Vincent & the Grenadines)
1:500 $25 Review
Forexite
British Virgin Islands 1999
  • IFSC (Belize)
1:100 $1 Review
Corner Trader
Switzerland 1952
1:200 $1 Review
Vinson Financials
Cyprus 2004
1:500 $200 Review
Invast Financial Services
Australia 1960
  • ASIC
1:400 $100 Review
Hirose Financial UK
Malaysia 2010
  • FCA (UK)
1:30 $1 Review
Core Liquidity Markets
Australia 2013
  • ASIC
1:500 $100 Review
XGLOBAL Markets
Cyprus 2012
  • BaFin
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • Vanuatu Financial Services Commission
  • ESMA
1:30 $100 Review
PFD
New Zealand 1999
1:300 $1 Review
Price Markets
United Kingdom 2003
  • FCA (UK)
1:50 $5000 Review
Traders Trust
Bermuda 2009
  • CySEC
1:500 $50 Review
Euro Pacific Bank
Saint Vincent and the Grenadines 2011
1:100 $2500 Review
FX Choice
Belize 2010
  • IFSC (Belize)
1:200 $100 Review
HMS Markets
Luxembourg 1972
1:50 $5000 Review
24option
Albania 2009
1:400 $100 Review
Ingot Brokers
Australia 2004
  • ASIC
  • FSA (St. Vincent & the Grenadines)
  • FSP (New Zealand)
1:400 $100 Review
Capital Index
Australia 2014
  • FCA (UK)
  • Securities Commission of The Bahamas
1:200 $100 Review
LMFX
Macedonia 2015
1:1000 $50 Review
Abshire-Smith
United Kingdom 2011
  • FCA (UK)
1:200 $500 Review
Eightcap
Australia 2009
  • ASIC
  • Vanuatu Financial Services Commission
1:500 $100 Review
NSFX
Malta 2011
  • BaFin
  • CNMV (Spain)
  • CONSOB (Italy)
  • FSA (Denmark)
  • MFSA IS/56519
  • ESMA
1:50 $300 Review
Tallinex
Estonia 2012
1:1000 $100 Review
ForexCT
Australia 2006
1:400 $500 Review
MTrading
China 2001
  • FSA (St. Vincent & the Grenadines)
  • The Financial Commission
1:1000 $100 Review
Tradeo
Cyprus 2012
  • CySEC
  • FSCA (South Africa)
1:30 $250 Review
FxNet
United Arab Emirates 2012
  • CySEC
  • IFSC (Belize)
1:500 $50 Review
TMS Brokers
Poland 1997
1:30 $1000 Review
FxGrow
Cyprus 2008
  • BaFin
  • Banque de France 74965
  • CNMV (Spain)
  • CySEC
  • FCA (UK)
  • Finansinspektionen (Sweden)
  • HCMC (Greece)
  • ESMA
1:100 $100 Review
CMC Markets
Australia 1989
  • BaFin
  • FCA (UK)
1:500 $1 Review
DeltaStock
Bulgaria 1998
  • BaFin
  • CNVM (Romania) PJM01SFIM/400004
  • Czech National Bank
  • FCA (UK)
  • FSA (Denmark)
  • FSC (Bulgaria)
  • ESMA
1:200 $100 Review
FXGM
Cyprus 2011
  • BaFin
  • Banque de France
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • FSCA (South Africa)
  • ESMA
1:30 $200 Review
Spread Co
United Kingdom 2006
  • FCA (UK)
1:10 $160 Review
Advanced Markets
Bermuda 2006
  • ASIC
  • FCA (UK)
1:50 $1000 Review
ATC Brokers
Cayman Islands 2005
1:200 $5000 Review
AAAFx
Greece 2010
1:30 $300 Review
FXFlat
France 1997
  • BaFin
1:400 $200 Review
Bulbrokers
Bulgaria 1998
1:200 $100 Review
FXPIG
Vanuatu 2010
  • Vanuatu Financial Services Commission
1:400 $200 Review
LCG
United Kingdom 1996
1:200 $10000 Review
Finotec
United Kingdom 1998
  • FCA (UK)
1:200 $200 Review
Velocity Trade
New Zealand 1999
1:200 $1000 Review
FXCL
Ireland 2006
  • FSA (St. Vincent & the Grenadines)
1:1000 $1 Review
ForexChief
Vanuatu 2014
1:1000 $10 Review
One Financial Markets
United Arab Emirates 2007
  • FCA (UK)
  • SFC (Hong Kong)
  • The Financial Commission
1:30 $250 Review
GCI
Anguilla 2002
1:400 $500 Review
Finq
Seychelles 2005
  • FSA (Seychelles)
1:300 $100 Review
Fondex
Cyprus 2010
  • CySEC
  • FSA (Seychelles)
1:30 $250 Review
Questrade FX
Canada 1999
1:200 $1000 Review
ITRADER
Cyprus 2016
1:200 $100 Review
Deriv
Malaysia 1999
  • FSA (Labuan)
  • FSC (BVI)
  • MFSA
  • The Financial Commission
  • Vanuatu Financial Services Commission
1:1000 $5 Review
Videforex
United Kingdom 2016
1:100 $250 Review
Evolve Markets
Saint Vincent and the Grenadines 2016
1:1000 $1 Review
Binary.com
Japan 1999
  • FSA (Japan)
  • MFSA
  • The Financial Commission
1:1000 $1 Review
CM Trading
Cyprus 2011
  • FSA (Seychelles)
  • FSCA (South Africa)
1:200 $100 Review
AAFX Trading
Australia 2004
  • FSA (St. Vincent & the Grenadines)
1:2000 $100 Review
City Index
Australia 2001
1:30 $250 Review
EverFX
Cyprus 2015
  • Cayman Islands Monetary Authority
  • CNMV (Spain)
  • CySEC
  • ESMA
1:500 $250 Review
TradeView Forex
Cayman Islands 2006
  • Cayman Islands Monetary Authority
1:400 $100 Review
TryMarkets
United Arab Emirates 2012
  • IFSC (Belize)
1:500 $500 Review
Core Spreads
United Kingdom 2014
  • FCA (UK)
1:240 $1 Review
eXcentral
Cyprus 2019
  • CySEC
1:30 $250 Review
TFI Markets
Cyprus 1999
  • CySEC
1:500 $50 Review
Key to Markets
United Kingdom 2010
  • FCA (UK)
  • FSC (Mauritius)
  • FSP (New Zealand)
1:500 $100 Review
Darwinex
United Kingdom 2012
  • CNMV (Spain)
  • FCA (UK)
  • ESMA
1:200 $10000 Review
Credit Financier Invest
Cyprus 1998
  • BaFin
  • Banque du Liban 40
  • CySEC
  • DFSA (Dubai)
  • FCA (UK)
  • Jordan Securities Commission
1:30 $1 Review
FXGlory
Cyprus 2011
1:3000 $1 Review
VARIANSE
United Kingdom 2015
  • FCA (UK)
  • FSA (Labuan)
  • FSC (Mauritius)
1:30 $500 Review
Milton Markets
New Zealand 2014
  • Vanuatu Financial Services Commission
1:1000 $100 Review
SuperForex
Belize 2013
  • IFSC (Belize)
1:1000 $1 Review
ForexTB
Cyprus 2020
  • CySEC
1:30 $250 Review
Ubrokers
Greece 2020
  • HCMC (Greece)
  • ESMA
1:30 $250 Review
Investous
Belize 2018
  • CySEC
  • IFSC (Belize)
1:500 $250 Review
Blaze Markets
Australia 2020
  • FSA (St. Vincent & the Grenadines)
1:200 $100 Review
CryptoGT
Marshall Islands 2017
1:500 $BTC 0.0001 Review
FXGT
Cyprus 2019
  • CySEC
  • FSA (Seychelles)
1:500 $10 Review
HFTrading
New Zealand 2019
  • ASIC
  • FSP (New Zealand)
1:400 $300 Review
Forex24
Cyprus
  • BaFin
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • ESMA
1:400 $2000 Review
XtreamForex
Marshall Islands 2015
1:1000 $5 Review
Trading 212
United Kingdom 2006
  • CySEC
  • FCA (UK)
  • FSC (Bulgaria)
  • ESMA
1:30 $10 Review
Moneta Markets
Australia 2020
  • Cayman Islands Monetary Authority
  • FSCA (South Africa)
  • Vanuatu Financial Services Commission
1:500 $50 Review
AZAforex
Saint Vincent and the Grenadines 2016
1:1000 $1 Review
ForexVox
United Kingdom 2019
  • FCA (UK)
  • FSA (Seychelles)
1:500 $1 Review
AdroFx
Saint Lucia 2018
  • FSA (St. Vincent & the Grenadines)
  • Vanuatu Financial Services Commission
1:500 $25 Review
BMFN
Australia 1988
  • Vanuatu Financial Services Commission
1:400 $50 Review
CedarFX
Saint Vincent and the Grenadines 2020
1:500 $10 Review
Fusion Markets
Australia 2018
  • ASIC
  • FSA (Seychelles)
  • Vanuatu Financial Services Commission
1:500 $1 Review
FinmaxFX
Seychelles 2017
  • FMRRC (Russia)
  • Vanuatu Financial Services Commission
1:200 $250 Review
SquaredFinancial
Cyprus 2017
  • CySEC
  • FSA (Seychelles)
1:30 $250 Review
EuropeFX
Cyprus 2014
  • CNMV (Spain)
  • CONSOB (Italy)
  • Finansinspektionen (Sweden)
  • ESMA
1:30 $1000 Review
CLMarkets
Australia 2013
  • ASIC
1:500 $100 Review
TradeATF
Belize 2013
  • IFSC (Belize)
1:500 $100 Review
BlackBull Markets
New Zealand 2014
  • FCA (UK)
  • FMA (New Zealand)
  • FSA (Seychelles)
1:500 $50 Review
SmartFX
United Arab Emirates 2018
  • Vanuatu Financial Services Commission
1:400 $200 Review
IQ Option
Cyprus 2013
  • CySEC
1:300 $1 Review
AMarkets
Saint Vincent and the Grenadines 2007
  • FSA (St. Vincent & the Grenadines)
  • The Financial Commission
1:1000 $100 Review
ROinvesting
Cyprus 2015
  • BaFin
  • CNMV (Spain)
  • CySEC
  • FCA (UK)
  • ESMA
1:400 $100 Review
MaxiMarkets
Russian Federation 2008
1:200 $500 Review
USGFX
Australia 2006
  • FCA (UK)
  • FSCA (South Africa)
1:500 $100 Review
TrioMarkets
Cyprus 2014
  • CySEC
  • FSC (Mauritius)
1:30 $250 Review
Financial Spreads
United Kingdom 2007
  • FCA (UK)
1:200 $1 Review
ATFX
Cyprus 2015
  • Banque de France
  • CNMV (Spain)
  • CNVM (Romania)
  • CySEC
  • FCA (UK)
  • Finansinspektionen (Sweden)
  • FSA (Sweden)
  • ESMA
1:30 $200 Review
Alfa Capital
Cyprus 2003
1:100 $1 Review
MultiBank
United States 2005
  • SIC
  • BaFin
  • CIMA
  • CNMV
  • FMA
  • TFG
  • HKCE
  • AUSTRAC
  • VFSC
1:500 $50 Review
UFX
United Kingdom 2009
  • BaFin
  • CNMV (Spain)
  • CySEC
  • Finansinspektionen (Sweden)
  • Vanuatu Financial Services Commission
  • ESMA
1:200 $100 Review
LonghornFX
Saint Vincent and the Grenadines 2020
1:500 $10 Review
TOP1Markets
Australia 2018
  • ASIC
  • Vanuatu Financial Services Commission
1:100 $100 Review
CapitalCore
Saint Vincent and the Grenadines 2019
1:2000 $10 Review
Solid ECN
Saint Vincent and the Grenadines 2017
  • FSA (St. Vincent & the Grenadines)
1:1000 $1 Review
Rockfort Markets
New Zealand 2015
  • FMA (New Zealand)
1:500 $200 Review
Absolute Markets
Saint Vincent and the Grenadines 2021
1:1000 $50 Review
OffersFX
Cyprus 2010
  • ASIC
  • CySEC
  • IFSC (Belize)
1:400 $200 Review
Investizo
Saint Vincent and the Grenadines 2019
  • FSA (St. Vincent & the Grenadines)
1:1000 $10 Review
Equiti
Armenia 2007
  • DMCC (Dubai)
  • Dubai Gold and Commodities Exchange
  • FCA (UK)
  • SCA (UAE) 607136
1:500 $500 Review
OpoFinance
Saint Vincent and the Grenadines 2021
  • FSA (Seychelles)
  • The Financial Commission
1:500 $100 Review
FX Sign
Georgia 2015
  • IFSA (St. Vincent and Grenadines)
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JFD Brokers
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Crystal Ball Markets
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1:1000 $50 Review
Geratsu
Saint Vincent and the Grenadines 2020
1:1000 $10 Review
Markets.com
Cyprus 2006
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  • BaFin
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1:300 $100 Review
FinPros
Seychelles 2020
  • FSA (Seychelles)
1:400 $800 Review
ADSS
United Kingdom 2010
  • Department of Economic Development (Dubai)
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1:500 $200 Review
HotForex
Cyprus 2010
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  • CySEC
  • DFSA (Dubai)
  • FCA (UK)
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  • FSA (St. Vincent & the Grenadines)
  • FSC (Mauritius)
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1:1000 $5 Review
Emd Broker
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1:300 $100 Review
LMAX Global
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1:30 $10000 Review
Trading.com
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1:30 $5 Review
Alfa Capital Markets
Cyprus 2003
  • Bank of Russia
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1:100 $1 Review
AETOS
Australia 2007
  • ASIC
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1:200 $250 Review
Opoforex
Saint Vincent and the Grenadines 2021
  • The Financial Commission
1:500 $100 Review
VT Markets
Austria 2016
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1:500 $200 Review
Evotrade
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1:200 $250 Review
Eurotrader
Marshall Islands 2015
  • CySEC
  • FINMA
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1:500 $50 Review
Axiance
Cyprus 2015
  • Cayman Islands Monetary Authority
  • CNMV (Spain)
  • CySEC
  • FSA (Seychelles)
  • FSC (Mauritius)
  • ESMA
1:500 $100 Review
Milton Prime
Cyprus 2014
  • CySEC
  • FSA (Seychelles)
1:500 $300 Review
Esperio
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1:1000 $1 Review
Capital.com
Australia 2017
  • ASIC
  • CySEC
  • FCA (UK)
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1:30 $20 Review
Colmex Pro
Cyprus 2009
  • CySEC
  • FSCA (South Africa)
1:30 $2000 Review
LiquidityX
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  • HCMC (Greece)
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Evest
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  • FSCA (South Africa)
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1:400 $250 Review
Sage FX
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1:500 $10 Review
Number One Capital Markets
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1:1000 $5 Review
GANNMarkets
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CryptoAltum
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1:500 $0.002 BTC Review
FCI Markets
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  • FCA (UK)
1:100 $500 Review
Streams
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1:500 $100 Review
Axes
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1:500 $500 Review
Tifia
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  • FSC (Mauritius)
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1:1000 $10 Review
Swiss Markets
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  • CySEC
  • FSA (Seychelles)
  • FSC (Mauritius)
1:500 $200 Review
FXB Trading
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  • FSA (St. Vincent & the Grenadines)
1:500 $250 Review
World Forex
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  • The Financial Commission
  • Vanuatu Financial Services Commission
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Markets Cube
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1:100 $5000 Review
Global Market Index
China 2009
  • FCA (UK)
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1:200 $25 Review
CrescoFX
United Kingdom 2012
  • FCA (UK)
1:500 $10000 Review
Global Prime
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1:200 $200 Review
EBH Forex
Bulgaria 2012
  • FSC (Bulgaria)
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1:30 $100 Review
AMEGA
Cyprus 2018
1:1000 $1 Review
Big Boss
Hong Kong 2014
  • IFSA (St. Vincent and Grenadines)
1:999 $1 Review
Capital Street FX
Bulgaria 2012
  • FSC (Mauritius)
1:3500 $100 Review
ETO Markets
Australia 2013
  • ASIC
1:30 $200 Review
Equiti Global Markets
Armenia 2007
  • DMCC (Dubai) 31573
  • Dubai Gold and Commodities Exchange
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1:500 $500 Review
Coinexx
United Kingdom 2017
1:500 $7 Review
Markets Invest
Hungary 2017
1:1000 $250 Review
JAFX
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1:500 $10 Review
TradeCMX
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  • FSA (St. Vincent & the Grenadines)
1:500 $1000 Review
ayondo
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1:200 $100 Review
Gerchik & Co
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  • The Financial Commission
  • Vanuatu Financial Services Commission
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AAATrade
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  • BaFin
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1:200 $1 Review
Trade Fintech
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1:200 $250 Review
JCMFX
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1:1000 $10 Review
FX Giants
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1:30 $100 Review
Alpari
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  • FSA (St. Vincent & the Grenadines)
  • The Financial Commission
1:1000 $1 Review
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Bulgaria 2011
  • BaFin
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1:400 $500 Review
Ally Invest
United States 2009
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1:50 $1 Review
Land-FX
China 2013
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1:500 $300 Review
TegasFX
Singapore 2016
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1:200 $200 Review
CFDTimes
Cyprus 2012
1:500 $5 Review
Fortrade
United Kingdom 2013
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1:100 $500 Review
Turnkey Forex
United Kingdom 2009
1:400 $200 Review
CMS Trader
Australia 2013
1:400 $500 Review
Circle Markets
New Zealand 2016
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1:500 $50 Review
CIBFX
Vanuatu 2005
  • Vanuatu Financial Services Commission
1:200 $500 Review
Anzo Capital
Australia 2015
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1:1000 $100 Review
Boston Merchant Financial
Australia 1988
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  • FFMS
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1:400 $50 Review
EagleFX
Dominica 2018
1:500 $10 Review
Purple Trading
Cyprus 2015
  • CySEC
1:30 $100 Review
AMP Global
Cyprus 2018
  • BaFin
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  • FCA (UK)
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1:50 $100 Review
Invest100
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1:400 $250 Review
CMS Prime
United Arab Emirates 2004
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1:500 $500 Review
Scandinavian Capital Markets
Sweden 2011
1:100 $10000 Review
Dizicx
Mauritius 2016
  • FSA (St. Vincent & the Grenadines)
1:400 $100 Review
VPFX
Malaysia 2020
  • ASIC
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1:500 $100 Review
XBTFX
Saint Vincent and the Grenadines 2019
  • FSA (St. Vincent & the Grenadines)
1:500 $1 Review
FXGate
Malaysia 2019
  • FSA (Labuan)
1:100 $100 Review
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Cyprus 2016
  • CySEC
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  • FSA (Seychelles)
1:500 $100 Review
SFEX
Hong Kong 2019
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1:100 $1000 Review
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Saint Vincent and the Grenadines 2019
1:100 $200 Review
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Cyprus 2019
  • CySEC
1:30 $500 Review
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1:500 $100 Review
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Cyprus 2015
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1:500 $250 Review
Your FX Broker
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  • Cayman Islands Monetary Authority
1:100 $100 Review
CryptoRocket
Saint Vincent and the Grenadines 2019
1:500 $10 Review
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Cyprus 2015
  • CySEC
1:500 $100 Review
Trendex
Hong Kong 2019
1:400 $500 Review
TurboForex
Argentina 2010
  • FSP (New Zealand)
1:500 $250 Review
Fort Financial Services
China 2010
  • IFSC (Belize)
1:1000 $5 Review
Trade8
Switzerland 2017
1:300 $BTC1 Review
TradeFW
Cyprus 2018
  • CySEC
1:30 $250 Review
UBFX
China 2016
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1:400 $1 Review
FXLinked
Seychelles 2018
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1:400 $10 Review
RCPro
Estonia 2018
1:200 $500 Review
PrimeXBT
Saint Vincent and the Grenadines 2018
1:1000 $BTC1 Review
INFINOX
United Kingdom 2009
  • FCA (UK)
  • FSC (Mauritius)
1:30 $100 Review
FX Trading Pro
United States 2018
  • CFTC/NFA
1:50 $20 Review
CapitalXP
Saint Vincent and the Grenadines 2015
1:100 $250 Review
ACY Securities
Australia 2013
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1:500 $50 Review
TradeLTD
Estonia 2017
1:200 $200 Review
TIOmarkets
United Kingdom 2019
  • FCA (UK)
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1:200 $1 Review
LegacyFx
Cyprus 2017
  • BaFin
  • CySEC
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  • Vanuatu Financial Services Commission
1:200 $500 Review
One Global Market
United Kingdom 2016
  • FCA (UK)
1:30 $10000 Review
Lirunex
Indonesia 2016
  • CySEC
  • FSA (Labuan)
1:1000 $25 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.



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.



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.



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.



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.



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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