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
FXTM
Belize
2011
CySEC 185/12
FCA (UK), 777911
FSC (Mauritius), C113012295
FSCA (South Africa), 46614
1:2000 $10 Review
Alpari
Saint Vincent and the Grenadines
1998
FSA (St. Vincent & the Grenadines) 20389 IBC 2012
1:1000 $1 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
1:400 $1 Review
Pepperstone
Australia
2010
ASIC, 223682
BaFin 151148
Capital Markets Authority of Kenya, 128
CySEC, 388/20
DFSA (Dubai), F004356
1:500 $200 Review
Tickmill
Seychelles
2014
BaFin, 146511
CySEC, 278/15
FCA (UK) 717270
FSA (Seychelles), SD008
FSCA (South Africa), 49464
1:500 $100 Review
eToro
China
2007
ASIC, 491139
CySEC, 109/10
FCA (UK), FRN 583263
FINRA 298361/SEC#: 8-70212
1:400 $200 Review
IFC Markets
British Virgin Islands
2006
CySEC, 147/11
FSC (BVI) SIBA/L/14/1073
1:400 $1 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
Trade360
Cyprus
2013
ASIC, 439907
CySEC, 202/13
1:200 $500 Review
Finq
Seychelles
2005
FSA (Seychelles), SD007
1:300 $100 Review
Fondex
Cyprus
2010
CySEC, 138/11
FSA (Seychelles), 8424819-1
1:30 $250 Review
easyMarkets
Australia
2001
ASIC, 246566
CySEC, 079/07
FSA (Seychelles), 19.09.2020
1:400 $100 Review
ETX Capital
United Kingdom
1965
FCA (UK), 124721
1:400 $100 Review
24option
Albania
2009
IFSC (Belize) 000319/38
1:400 $100 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
TryMarkets
United Arab Emirates
2012
IFSC (Belize), FSC/60/337/TS/17
1:500 $500 Review
Windsor Brokers
China
1998
AFM (Netherlands) 72346
BaFin, 120311
CySEC, 030/04
FCA (UK), 463727
1:500 $100 Review
Core Spreads
United Kingdom
2014
FCA (UK), 525164
1:240 $1 Review
Forex.com
Australia
1999
CFTC/NFA 0339826
FCA (UK), 190864
FSA (Japan), 1539
IIROC, May 10, 2012
1:200 $250 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
1:100 $100 Review
FBS
China
2009
ASIC, 426359
CySEC, 331/17
IFSC (Belize), IFSC/60/230/TS/12
1:3000 $1 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
Orbex
Cyprus
2009
Banque de France, 73762
CNMV (Spain) 2894
CONSOB (Italy), 3148
CySEC, 124/10
FCA (UK), 553071
1:500 $200 Review
Hantec Markets
Australia
2009
FCA (UK), 502635
FSC (Mauritius), C114013940
Jordan Securities Commission 51905
1:30 $1000 Review
NSFX
Malta
2011
BaFin, 131055
CNMV (Spain), 3354
CONSOB (Italy) 3597
FSA (Denmark), 9221
MFSA, IS/56519
1:50 $300 Review
Tradeo
Cyprus
2012
CySEC, 282/15
FSCA (South Africa), 46452
1:30 $250 Review
Exness
Cyprus
2008
CySEC, 178/12
FCA (UK), 730729
FSA (Seychelles), SD025
FSCA (South Africa), 51024
1:2000 $1 Review
ActivTrades
Bahamas
2001
DFSA (Dubai) F003511
FCA (UK), 434413
1:400 $100 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
FxNet
United Arab Emirates
2012
CySEC, 182/12
IFSC (Belize), 130266
1:500 $50 Review
Saxo Bank
China
1992
ASIC, 109605610
Banque de France, 483632501
CySEC, 163/12
FCA (UK), FC026688
FSA (Denmark), 1149
SFC (Hong Kong) 1395901
1:200 $10000 Review
Dukascopy
Hong Kong
1998
DFSA (Dubai), F004307
FCMC (Latvia) May
FINMA, June 15, 2010
FSA (Japan), 2408
1:200 $100 Review
FXDD
Malta
2002
FSC (Mauritius), C117017252
MFSA IS/48817
1:30 $250 Review
Juno Markets
Vanuatu
2014
Vanuatu Financial Services Commission 40099
1:500 $100 Review
Finotec
United Kingdom
1998
FCA (UK), 470392
1:200 $200 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
1:200 $100 Review
LCG
United Kingdom
1996
CySEC, 341/17
FCA (UK), 182110
1:200 $10000 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
SFC (Hong Kong), AZJ874
1:30 $200 Review
LiteForex
Bulgaria
2005
CySEC, 093/08 (only LiteForex (Europe) Limited www.liteforex.eu)
1:500 $50 Review
Alvexo
Cyprus
2014
AFM (Netherlands), 02-04-2015
BaFin, 142529
CNMV (Spain), 3917
CONSOB (Italy), 4789
CySEC, 236/14
FCA (UK), 683301
1:400 $500 Review
Forex4You
British Virgin Islands
2007
FSC (BVI), SIBA/L/12/1027
The Financial Commission 22.10.2019
1:1000 $1 Review
FXPRIMUS
Cyprus
2009
CySEC, 261/14
FSCA (South Africa), 46675
Vanuatu Financial Services Commission, 14595
1:500 $2500 Review
ThinkMarkets
Australia
2010
ASIC, 424700
FCA (UK), 629628
FSA (Japan), 19/02/2021
FSCA (South Africa), FSP No 49835
1:30 $1 Review
RoboForex
Belize
2009
IFSC (Belize), 000138/107
1:2000 $10 Review
IC Markets
Australia
2007
ASIC, ACN 123 289 109
1:500 $200 Review
Axiory
Belize
2011
IFSC (Belize), 000122/15
1:777 $50 Review
XM
Australia
2009
ASIC, 443670
BaFin, 124161
CNMV (Spain), 2010157773
CONSOB (Italy), 3046
CySEC, 120/10
FCA (UK), 538324
FSP (New Zealand) FSP235905
1:888 $5 Review
FXPIG
Vanuatu
2010
Ministry of Finance and Economic Management (Vanuatu) 165
Vanuatu Financial Services Commission, 014578
1:400 $500 Review
Bulbrokers
Bulgaria
1998
Bulgarian National Bank GR00173
CNVM (Romania), 51389
FCA (UK), 544872
FSC (Bulgaria), РГ-03-0009/14.07.2008
1:200 $100 Review
FXFlat
Germany
1997
BaFin, 148415
1:400 $200 Review
AAAFx
Greece
2010
HCMC (Greece) 998281207
1:30 $300 Review
ATC Brokers
Cayman Islands
2005
Cayman Islands Monetary Authority 1448274
FCA (UK), 591361
1:200 $5000 Review
Advanced Markets
United States
2006
ASIC, 444649
1:50 $2500 Review
Spread Co
United Kingdom
2006
FCA (UK), 446677
1:10 $160 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
1:30 $200 Review
AGEA
Montenegro
2005
None 1:500 $1 Review
Interactive Brokers
Australia
1977
ASIC, 453554
Central Bank of Ireland 23.12.2020
CFTC/NFA, 0258600
FCA (UK), 208159
Monetary Authority of Singapore, CMS100917
SEC (US), 8-47257
1:100 $10000 Review
CMC Markets
Australia
1989
BaFin, 154814
FCA (UK), 173730
1:500 $1 Review
TMS Brokers
Poland
1997
None 1:30 $1000 Review
FXOpen
Australia
2003
ASIC, 412871
FCA (UK), 579202
1:500 $1 Review
InstaForex
Russian Federation
2007
FSA (St. Vincent & the Grenadines), IBC22945
FSC (BVI), SIBA/L/14/1082
1:1000 $1 Review
MTrading
China
2001
FSA (St. Vincent & the Grenadines), 24275
1:1000 $100 Review
ForexCT
Australia
2006
None 1:400 $500 Review
Tallinex
Estonia
2012
None 1:1000 $100 Review
FreshForex
Russian Federation
2004
FSA (St. Vincent & the Grenadines), 20623 IBC 2012
1:2000 $200 Review
Eightcap
Australia
2009
ASIC, 391441
Vanuatu Financial Services Commission, 40377
1:500 $100 Review
Abshire-Smith
United Kingdom
2011
FCA (UK), 551970
1:200 $500 Review
LMFX
Macedonia
2015
None 1:1000 $50 Review
ForexMart
Cyprus
2014
CySEC, 266/15
1:500 $1 Review
Capital Index
Australia
2014
FCA (UK), 709693
Securities Commission of The Bahamas SIA-F199
1:200 $100 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
Swissquote
Hong Kong
1996
DFSA (Dubai), 4
FCA (UK), 562170
FINMA 4
SFC (Hong Kong), 3
1:100 $1000 Review
LQDFX
Malta
2015
None 1:500 $20 Review
FXCL
Ireland
2006
None 1:500 $1 Review
CM Trading
Cyprus
2011
FSCA (South Africa), 38782
1:200 $250 Review
Fullerton Markets
Saint Vincent and the Grenadines
2015
None 1:500 $200 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
Darwinex
United Kingdom
2012
FCA (UK), 586466
1:200 $500 Review
Key to Markets
United Kingdom
2010
FSP (New Zealand), FSP296226
1:500 $100 Review
TFI Markets
Cyprus
1999
CySEC, 117/10
1:500 $50 Review
JustForex
China
2012
IFSC (Belize), IFSC/60/241/TS/17
1:3000 $1 Review
eXcentral
Cyprus
2019
CySEC, 226/14
1:30 $250 Review
FP Markets
Australia
2005
ASIC, 286354
CySEC, 371/18
1:500 $100 Review
TradeView Forex
Cayman Islands
2006
Cayman Islands Monetary Authority, 585163
1:400 $100 Review
EverFX
Cyprus
2015
Cayman Islands Monetary Authority, 1444866
CNMV (Spain), 4256
CySEC, 301/16
FCA (UK), 763771
1:500 $250 Review
NordFX
Cyprus
2008
CySEC, 209/13
1:1000 $10 Review
SimpleFX
Saint Vincent and the Grenadines
2014
None 1:500 $1 Review
BDSwiss
Cyprus
2012
CySEC, 199/13
FSA (Seychelles), SD047
FSC (Mauritius), C116016172
1:400 $100 Review
FXGlory
Cyprus
2011
None 1:3000 $1 Review
AAFX Trading
Australia
2004
FSA (St. Vincent & the Grenadines), 22916 IBC
1:2000 $100 Review
Binary.com
Japan
1999
FSA (Japan), 2949
MFSA, IS/70156
The Financial Commission, 08.06.2020
1:1000 $1 Review
Evolve Markets
Saint Vincent and the Grenadines
2016
None 1:1000 $1 Review
Videforex
United Kingdom
2016
None 1:100 $250 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
XTB
Austria
2002
CNMV (Spain), 40
Czech National Bank, 56720
FCA (UK), 522157
FSA (Poland), 0000217580
IFSC (Belize), IFSC/60/413/TS/19
1:30 $1 Review
Questrade FX
Canada
1999
None 1:200 $1000 Review
IG
Australia
1974
CFTC/NFA, 0509630
FCA (UK), 195355
1:50 $1 Review
iFOREX
Cyprus
1996
CySEC, 143/11
1:30 $100 Review
FIBOGroup
Austria
1998
CySEC, 118/10
FSC (BVI), SIBA/L/14/1063
1:1000 $1 Review
GCI
Anguilla
2002
None 1:400 $500 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
Ingot Brokers
Australia
2004
ASIC, 428015
FSP (New Zealand), FSP157304
1:400 $100 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
1:200 $1000 Review
HMS Markets
Luxembourg
1972
CSSF (Luxembourg) B-10.559
1:50 $5000 Review
PFD
New Zealand
1999
FMA (New Zealand) FSP28944
1:300 $1 Review
Royal
Australia
2008
ASIC, 420268
CySEC, 312/16
1:30 $50 Review
CPT Markets
Belize
2008
FCA (UK), 606110
IFSC (Belize), IFSC/60/430/18(33)h
1:500 $500 Review
Renesource Capital
Latvia
1998
FKTK (Latvia) 06.06.04.114/118.2
1:100 $10 Review
FXPCM
Canada
2007
Dubai Gold and Commodities Exchange 114
SCA (UAE), 204
1:500 $100 Review
ICM Brokers
Vanuatu
2007
None 1:400 $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
1:300 $100 Review
AccentForex
Vanuatu
2010
Ministry of Finance and Economic Management (Vanuatu), 17931
1:500 $10 Review
Profiforex
Belize
2010
None 1:500 $1 Review
FXOptimax
Saint Vincent and the Grenadines
2009
FSA (St. Vincent & the Grenadines), 21417
1:1000 $10 Review
Synergy Markets
Australia
2011
ASIC, AFSL 403863
1:500 $100 Review
Grand Capital
Armenia
2006
FFMS 1204
The Financial Commission, 15.01.2016
1:500 $10 Review
DF Markets
United Kingdom
2010
FCA (UK), 534027
1:200 $10 Review
Larson & Holz IT
Austria
2004
FMRRC (Russia) RU 0394 AA Vv0018
1:500 $250 Review
ICM Capital
China
2009
FCA (UK), 520965
Jordan Securities Commission, 02.04.2020
1:30 $200 Review
Blackwell Global
Bahamas
2010
CySEC, 159/11
FCA (UK), 590313
Securities Commission of The Bahamas, SIA-F215. TIN. 109226376
1:200 $1 Review
GAINSY
Saint Vincent and the Grenadines
2012
FSA (St. Vincent & the Grenadines), 21559
1:500 $10 Review
NatureForex
Belize
2011
IFSC (Belize), IFSC/60/214/TS/12
1:1000 $20 Review
Weltrade
Belarus
2006
IFSC (Belize), IFSC/60/350/TS/15-16
1:500 $25 Review
GBE brokers
Cyprus
2013
CySEC, 240/14
1:30 $500 Review
Forex Optimum
Indonesia
2009
FSA (St. Vincent & the Grenadines), 20603
1:500 $10 Review
Euro Pacific Bank
Saint Vincent and the Grenadines
2011
None 1:100 $2500 Review
Traders Trust
Bermuda
2009
CySEC, 107/09
1:500 $50 Review
Price Markets
United Kingdom
2003
FCA (UK), 3218125
1:50 $5000 Review
XGLOBAL Markets
Cyprus
2012
BaFin, 132843
CNMV (Spain), 2013092102
CySEC, 171/12
FCA (UK), 602404
1:30 $100 Review
Core Liquidity Markets
Australia
2013
ASIC, 164994049
1:500 $100 Review
Hirose Financial UK
Malaysia
2010
FCA (UK), 540244
1:30 $1 Review
TenkoFX
Belize
2011
IFSC (Belize), IFSC/60/349/TS/15
1:500 $10 Review
Invast Financial Services
Australia
1960
ASIC, 438283
1:400 $100 Review
FirewoodFX
Saint Vincent and the Grenadines
2014
None 1:1000 $10 Review
Vinson Financials
Cyprus
2004
None 1:500 $200 Review
Corner Trader
Switzerland
1952
None 1:200 $1 Review
Forexite
British Virgin Islands
1999
IFSC (Belize), 142/168
1:100 $1 Review
FX Choice
Belize
2010
IFSC (Belize), IFSC/60/191/TS/15
1:200 $100 Review
WesternFX
Bangladesh
2013
FSA (St. Vincent & the Grenadines), 21937
1:500 $25 Review
Forex.ee
Estonia
2004
None 1:500 $10 Review
Trust Capital
Lebanon
2011
Banque du Liban, 20
Capital Markets Authority (Lebanon) 520
1:400 $10000 Review
PhillipCapital
Australia
1975
ASIC, AFSL 246827
FCA (UK), 169760
1:200 $200 Review
Valutrades
Seychelles
2013
FCA (UK), 586541
FSA (Seychelles), SD028
1:400 $100 Review
ADS Prime
United Kingdom
2010
FCA (UK), 577453
SFC (Hong Kong), AXC847
1:500 $200 Review
FXGlobe
Cyprus
2008
CySEC, 205/13
1:500 $250 Review
Bolmax Management
Estonia
2009
None 1:100 $100 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
1:100 $500 Review
Titan FX
Vanuatu
2013
Vanuatu Financial Services Commission, 40313
1:500 $200 Review
ForexChief
Nigeria
2014
Ministry of Finance and Economic Management (Vanuatu), 14777
1:1000 $50 Review
VARIANSE
United Kingdom
2015
FCA (UK), 802012
1:30 $500 Review
FCI Markets
United Kingdom
2016
FCA (UK), 616985
1:100 $500 Review
SuperForex
Belize
2013
IFSC (Belize), IFSC/60/292/TS/14
1:1000 $1 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 $500 Review
Xtrade
Cyprus
2010
ASIC, 342628
CySEC, 108/10
IFSC (Belize), IFSC/60/383/TS/15
NAFD (Russia) A
1:400 $100 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), FCA No. 585561
1:30 $100 Review
Milton Markets
New Zealand
2014
Vanuatu Financial Services Commission, 40370
1:1000 $300 Review
JFD Bank
Bulgaria
2011
BaFin, 120056
CySEC, 150/11
1:400 $500 Review
Land-FX
China
2013
FCA (UK), 709866
FSP (New Zealand), FSP264385
1:500 $300 Review
CIBFX
Vanuatu
2005
Ministry of Finance and Economic Management (Vanuatu), 14637
1:200 $500 Review
TegasFX
Singapore
2016
Ministry of Finance and Economic Management (Vanuatu), 14697
1:200 $200 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 $5 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
Ally Invest
United States
2009
CFTC/NFA, 0408077
1:50 $1 Review
TradeCMX
Saint Vincent and the Grenadines
2012
FSA (St. Vincent & the Grenadines), 23586 IBC
1:500 $1000 Review
Global Prime
Australia
2010
ASIC, 385620
FSA (Seychelles), SD057
Vanuatu Financial Services Commission, 40256
1:200 $200 Review
TriumphFX
Australia
2009
Ministry of Finance and Economic Management (Vanuatu), 17901
1:500 $100 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
Global Market Index
China
2009
FCA (UK), 677530
Ministry of Finance and Economic Management (Vanuatu), 14646
1:200 $50 Review
CrescoFX
United Kingdom
2012
FCA (UK), 764353
1:500 $10000 Review
EBH Forex
Bulgaria
2012
FSC (Bulgaria), RG-03-197/20.12.2017
1:30 $100 Review
Markets Invest
Hungary
2017
None 1:1000 $250 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
1:555 $1 Review
Capital Street FX
Bulgaria
2012
FSC (Mauritius), C112010690
1:3500 $100 Review
ETO Markets
Australia
2013
ASIC, 420224
1:400 $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
JAFX
Saint Vincent and the Grenadines
2013
None 1:500 $10 Review
Boston Merchant Financial
Australia
1988
ASIC, 379035
FCA (UK), 563348
FFMS, 1220
FSC (Bulgaria), RG-03-220
FSP (New Zealand), FSP328066
1:400 $50 Review
CryptoRocket
Saint Vincent and the Grenadines
2019
None 1:500 $10 Review
EagleFX
Dominica
2018
None 1:500 $10 Review
GOMarkets
Australia
2008
ASIC, ACN081864039
CySEC, 322/17
DMCC (Dubai), 18.07.2020
1:500 $200 Review
IronFX
Australia
2010
ASIC, 417482
CySEC, 125/10
FCA (UK), 585561
FSCA (South Africa), 45276
1:30 $100 Review
Libertex
Armenia
1997
CySEC, 164/12
FSCA (South Africa), 47381
NBRB (Belarus) 2
1:600 $1 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
UBFX
China
2016
Ministry of Finance and Economic Management (Vanuatu), 14745
1:400 $1 Review
FXLinked
Seychelles
2018
FSA (Seychelles), SD011
1:400 $10 Review
RCPro
Estonia
2018
None 1:200 $500 Review
INFINOX
United Kingdom
2009
FCA (UK), 501057
1:30 $100 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
Olymp Trade
Cyprus
2014
The Financial Commission, 22.02.2016
1:500 $2 Review
TIOmarkets
Cyprus
2019
FCA (UK), 488900
FSA (St. Vincent & the Grenadines), 24986
1:200 $1 Review
LegacyFx
Cyprus
2017
BaFin, 348194
CySEC, 344/17
FCA (UK), 797343
NBRB (Belarus), 193180778
Vanuatu Financial Services Commission, 14579
1:200 $500 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), 155
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
1:50 $100 Review
Invest100
Saint Vincent and the Grenadines
2018
FSCA (South Africa), 49976
1:400 $250 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
Scandinavian Capital Markets
Sweden
2011
Finansinspektionen (Sweden) 556863-5972
1:100 $10000 Review
Dizicx
Congo
2016
None 1:400 $25 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
1:500 $1 Review
M4Markets
Seychelles
2019
FSA (Seychelles), SD035
1:1000 $5 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
1:200 $1000 Review
StreamsFxGlobal
Saint Vincent and the Grenadines
2019
None 1:100 $200 Review
streamsfx
Cyprus
2019
CySEC, 376/19
1:30 $500 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
EuropeFX
Cyprus
2014
CNMV (Spain), 4065
CySEC, 258/14
1:30 $1000 Review
CLMarkets
Australia
2013
ASIC, 164994049
1:500 $100 Review
TradeATF
Belize
2013
IFSC (Belize), 60/322/TS/19
1:500 $100 Review
BlackBull Markets
New Zealand
2014
FMA (New Zealand), FSP403326
FSA (Seychelles), BBG Limited
1:500 $200 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
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
AMarkets
Montenegro
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
Axi
Australia
2007
ASIC, 318232
DFSA (Dubai), 2758
FCA (UK), 509746
FSCL (New Zealand), FSP518226
1:400 $1 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
Financial Spreads
United Kingdom
2007
FCA (UK), 525164
1:200 $1 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
1:30 $200 Review
Alfa Capital
Cyprus
2003
Bank of Russia 1167746614947
1:100 $1 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
PaxForex
Saint Vincent and the Grenadines
2010
None 1:500 $10 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
FxPro
Bahamas
2006
CySEC, 078/07
DFSA (Dubai), F003333
FCA (UK), 509956
FSCA (South Africa), 45052
1:50 $100 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
CySEC, 269/15
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
CySEC, 300/16
FCA (UK), 782501
1:400 $2000 Review
ForexTB
Cyprus
2020
CySEC, 272/15
1:30 $250 Review
Ubrokers
Greece
2020
HCMC (Greece), license number 2/11/24.5.1994
1:30 $250 Review
Investous
Belize
2018
IFSC (Belize), 000349/122
1:500 $250 Review
Blaze Markets
Australia
2020
FSA (St. Vincent & the Grenadines), 26027 BC 2020
1:200 $100 Review
CryptoGT
Marshall Islands
2018
None 1:500 $5 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
FCA (UK), 609146
FSC (Bulgaria), RG-03-0237
1:30 $10 Review
Admirals
Argentina
2001
ASIC, 28381
CySEC, 201/13
FCA (UK), 595450
FSA (Estonia), 10932555
FSA (Seychelles), 8426894-1
1:500 $100 Review
Moneta Markets
Australia
2020
Vanuatu Financial Services Commission, 700271
1:500 $50 Review
AZAforex
Saint Vincent and the Grenadines
2016
None 1:1000 $1 Review
ForexVox
United Kingdom
2019
FCA (UK), 586541
FSA (Seychelles), Securities Dealer License No SD028
1:500 $1 Review
AdroFx
Saint Lucia
2018
None 1:500 $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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