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Forex Brokers Offering Demo Account

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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.


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Score Broker Account Information Max Leverage Payment
64
Exness
Exness
Demo Account
1 : 2000
WebMoney
52
FBS
FBS
Demo Account
1 : 3000
Credit/debit cards
145
IC Markets
IC Markets
Demo Account
1 : 1000
Crypto
703
Octa
Octa
Demo Account
1 : 500
Crypto
144
RoboForex
RoboForex
Demo Account
1 : 400
Skrill
162
XM
XM
Demo Account
1 : 1000
WebMoney
70
HF Markets
HF Markets
Demo Account
1 : 2000
Crypto
7
Pepperstone
Pepperstone
Demo Account
1 : 400
Credit/debit cards
723
Admirals
Admirals
Demo Account
1 : 500
AstroPay
684
AvaTrade
AvaTrade
Demo Account
1 : 400
WebMoney
120
ThinkMarkets
ThinkMarkets
Demo Account
1 : 500
Crypto
744
LiteFinance
LiteFinance
Demo Account
1 : 500
WebMoney
11
eToro
eToro
Demo Account
1 : 400
WebMoney
249
FXOpen
FXOpen
Demo Account
1 : 500
Wire transfer
254
InstaForex
InstaForex
Demo Account
1 : 1000
Skrill
396
FP Markets
FP Markets
Demo Account
1 : 500
Apple Pay
1
FXTM
FXTM
Demo Account
1 : 2000
WebMoney
112
Markets4you
Markets4you
Demo Account
1 : 1000
Skrill
537
FirewoodFX
FirewoodFX
Demo Account
1 : 1000
Wire transfer
705
Vantage Markets
Vantage Markets
Demo Account
1 : 500
Bank Wire
489
FIBOGroup
FIBOGroup
Demo Account
1 : 1000
WebMoney
461
BDSwiss
BDSwiss
Demo Account
1 : 2000
Skrill
773
JustMarkets
JustMarkets
Demo Account
1 : 3000
Skrill
10
Tickmill
Tickmill
Demo Account
1 : 500
WebMoney
706
FxPro
FxPro
Demo Account
1 : 10000
PayPal
264
MTrading
MTrading
Demo Account
1 : 1000
Skrill
514
Grand Capital
Grand Capital
Demo Account
1 : 500
WebMoney
638
Blueberry Markets
Blueberry Markets
Demo Account
1 : 500
PayPal
715
Blaze Markets
Blaze Markets
Demo Account
1 : 200
Wire transfer
21
easyMarkets
easyMarkets
Demo Account
1 : 400
WebMoney
53
OANDA
OANDA
Demo Account
1 : 20
Visa
660
Fxview
Fxview
Demo Account
1 : 500
Bank Transfer
613
GOMarkets
GOMarkets
Demo Account
1 : 500
PayPal
232
Interactive Brokers
Interactive Brokers
Demo Account
1 : 100
Wire transfer
717
FXGT
FXGT
Demo Account
1 : 500
Wire transfer
87
Dukascopy
Dukascopy
Demo Account
1 : 200
Skrill
98
DeltaStock
DeltaStock
Demo Account
1 : 200
Wire transfer
693
Axi
Axi
Demo Account
1 : 500
Skrill
55
Orbex
Orbex
Demo Account
1 : 500
WebMoney
770
ADSS
ADSS
Demo Account
1 : 500
Skrill
733
TMGM
TMGM
Demo Account
1 : 500
Skrill
486
IG
IG
Demo Account
1 : 50
Wire transfer
482
XTB
XTB
Demo Account
1 : 30
PayPal
5
FXCM
FXCM
Demo Account
1 : 400
Skrill
40
Windsor Brokers
Windsor Brokers
Demo Account
1 : 500
WebMoney
190
AAAFx
AAAFx
Demo Account
1 : 500
Crypto
2
Alpari
Alpari
Demo Account
1 : 1000
WebMoney
615
IronFX
IronFX
Demo Account
1 : 30
Skrill
709
ROinvesting
ROinvesting
Demo Account
1 : 400
Credit/debit cards
559
VARIANSE
VARIANSE
Demo Account
1 : 30
Skrill
678
BlackBull Markets
BlackBull Markets
Demo Account
1 : 500
PayPal
729
Fusion Markets
Fusion Markets
Demo Account
1 : 500
PayPal
307
CFI Group
CFI Group
Demo Account
1 : 500
Credit/Debit Cards
670
Anzo Capital
Anzo Capital
Demo Account
1 : 1000
Credit/debit cards
12
IFC Markets
IFC Markets
Demo Account
1 : 400
WebMoney
768
Markets.com
Markets.com
Demo Account
1 : 300
Credit/debit cards
523
Weltrade
Weltrade
Demo Account
1 : 500
Skrill
292
HYCM
HYCM
Demo Account
1 : 325
WebMoney
316
Key to Markets
Key to Markets
Demo Account
1 : 500
Skrill
59
Hantec Markets
Hantec Markets
Demo Account
1 : 30
Skrill
668
NAGA
NAGA
Demo Account
1 : 500
Crypto
293
Swissquote
Swissquote
Demo Account
1 : 100
Wire transfer
564
AAATrade
AAATrade
Demo Account
1 : 200
Skrill
588
Swiss Markets
Swiss Markets
Demo Account
1 : 500
Skrill
738
Eurotrader
Eurotrader
Demo Account
1 : 500
Skrill
570
JFD Bank
JFD Bank
Demo Account
1 : 400
Credit/debit cards
571
Land-FX
Land-FX
Demo Account
1 : 500
Skrill
203
Advanced Markets
Advanced Markets
Demo Account
1 : 50
Wire transfer
741
Capital.com
Capital.com
Demo Account
1 : 30
Apple Pay
707
MultiBank
MultiBank
Demo Account
1 : 500
Credit/debit cards
43
Forex.com
Forex.com
Demo Account
1 : 200
Wire transfer
757
Absolute Markets
Absolute Markets
Demo Account
1 : 1000
Crypto
694
USGFX
USGFX
Demo Account
1 : 500
Credit/debit cards
772
Lirunex
Lirunex
Demo Account
1 : 1000
PayPal
655
VPFX
VPFX
Demo Account
1 : 500
Skrill
16
Trade360
Trade360
Demo Account
1 : 200
Credit/debit cards
547
Valutrades
Valutrades
Demo Account
1 : 400
Skrill
576
Turnkey Forex
Turnkey Forex
Demo Account
1 : 400
Crypto
116
FXPRIMUS
FXPRIMUS
Demo Account
1 : 1000
Skrill
727
AdroFx
AdroFx
Demo Account
1 : 500
Skrill
743
Colmex Pro
Colmex Pro
Demo Account
1 : 30
Wire transfer
69
ActivTrades
ActivTrades
Demo Account
1 : 400
Credit/debit cards
519
Blackwell Global
Blackwell Global
Demo Account
1 : 200
Skrill
661
M4Markets
M4Markets
Demo Account
1 : 1000
Skrill
739
Axiance
Axiance
Demo Account
1 : 500
Skrill
527
Traders Trust
Traders Trust
Demo Account
1 : 3000
WebMoney
13
Plus500
Plus500
Demo Account
1 : 300
PayPal
493
Ingot Brokers
Ingot Brokers
Demo Account
1 : 400
PayPal
616
Libertex
Libertex
Demo Account
1 : 600
Credit/debit cards
525
Forex Optimum
Forex Optimum
Demo Account
1 : 500
Credit/debit cards
72
FxNet
FxNet
Demo Account
1 : 500
Credit/debit cards
273
Eightcap
Eightcap
Demo Account
1 : 500
PayPal
761
Equiti
Equiti
Demo Account
1 : 500
Skrill
501
Royal
Royal
Demo Account
1 : 30
Skrill
510
AccentForex
AccentForex
Demo Account
1 : 500
Skrill
558
ForexChief
ForexChief
Demo Account
1 : 1000
WebMoney
529
XGLOBAL Markets
XGLOBAL Markets
Demo Account
1 : 30
Skrill
568
FX Giants
FX Giants
Demo Account
1 : 30
Skrill
692
UFX
UFX
Demo Account
1 : 200
WebMoney
468
AAFX Trading
AAFX Trading
Demo Account
1 : 2000
WebMoney
51
FxGrow
FxGrow
Demo Account
1 : 100
Skrill
643
LegacyFx
LegacyFx
Demo Account
1 : 200
Skrill
763
JFD Brokers
JFD Brokers
Demo Account
1 : 400
Skrill
774
Baxia Markets
Baxia Markets
Demo Account
1 : 500
Credit/debit cards
592
Global Market Index
Global Market Index
Demo Account
1 : 1000
Skrill
219
FXGM
FXGM
Demo Account
1 : 30
Credit/debit cards
667
Yadix
Yadix
Demo Account
1 : 500
PayPal
731
LMAX Global
LMAX Global
Demo Account
1 : 30
Wire transfer
158
Axiory
Axiory
Demo Account
1 : 777
Credit/debit cards
736
VT Markets
VT Markets
Demo Account
1 : 500
Crypto
662
Skilling
Skilling
Demo Account
1 : 500
Skrill
315
Darwinex
Darwinex
Demo Account
1 : 200
Skrill
492
One Financial Markets
One Financial Markets
Demo Account
1 : 30
Skrill
556
OneTrade
OneTrade
Demo Account
1 : 100
Credit/debit cards
587
Tifia
Tifia
Demo Account
1 : 1000
Crypto
467
FXGlory
FXGlory
Demo Account
1 : 3000
WebMoney
651
CMS Prime
CMS Prime
Demo Account
1 : 500
Skrill
631
One Global Market
One Global Market
Demo Account
1 : 30
Skrill
637
ACY Securities
ACY Securities
Demo Account
1 : 500
Wire transfer
726
ForexVox
ForexVox
Demo Account
1 : 500
PayPal
600
Capital Street FX
Capital Street FX
Demo Account
1 : 3500
PayPal
722
Trading 212
Trading 212
Demo Account
1 : 30
PayPal
406
EverFX
EverFX
Demo Account
1 : 500
Credit/debit cards
229
AGEA
AGEA
Demo Account
1 : 500
Credit/debit cards
676
CLMarkets
CLMarkets
Demo Account
1 : 500
Skrill
784
Trade Nation
Trade Nation
Demo Account
1 : 240
Wire transfer
19
Fondex
Fondex
Demo Account
1 : 30
Wire transfer
685
AMarkets
AMarkets
Demo Account
1 : 1000
WebMoney
787
FPG
FPG
Demo Account
1 : 500
Credit/debit cards
569
Milton Markets
Milton Markets
Demo Account
1 : 1000
Credit/debit cards
669
Axes
Axes
Demo Account
1 : 500
Crypto
654
Dizicx
Dizicx
Demo Account
1 : 400
WebMoney
585
Global Prime
Global Prime
Demo Account
1 : 200
PayPal
586
TriumphFX
TriumphFX
Demo Account
1 : 500
Wire transfer
646
Just2Trade
Just2Trade
Demo Account
1 : 500
CashU
630
INFINOX
INFINOX
Demo Account
1 : 30
Skrill
602
Equiti Global Markets
Equiti Global Markets
Demo Account
1 : 500
Credit/debit cards
622
Fort Financial Services
Fort Financial Services
Demo Account
1 : 1000
Credit/debit cards
163
FXPIG
FXPIG
Demo Account
1 : 500
Skrill
700
ATFX
ATFX
Demo Account
1 : 30
Skrill
62
NSFX
NSFX
Demo Account
1 : 50
Skrill
708
SquaredFinancial
SquaredFinancial
Demo Account
1 : 30
Skrill
565
Xtrade
Xtrade
Demo Account
1 : 400
CashU
584
TradeCMX
TradeCMX
Demo Account
1 : 500
Skrill
90
Juno Markets
Juno Markets
Demo Account
1 : 500
Skrill
513
Synergy Markets
Synergy Markets
Demo Account
1 : 500
Skrill
528
Price Markets
Price Markets
Demo Account
1 : 50
Credit/debit cards
454
NordFX
NordFX
Demo Account
1 : 1000
WebMoney
268
FreshForex
FreshForex
Demo Account
1 : 2000
Visa/Mastercard
198
ATC Brokers
ATC Brokers
Demo Account
1 : 200
Wire transfer
281
LMFX
LMFX
Demo Account
1 : 1000
Skrill
305
Fullerton Markets
Fullerton Markets
Demo Account
1 : 500
Skrill
109
Alvexo
Alvexo
Demo Account
1 : 400
PayPal
175
Bulbrokers
Bulbrokers
Demo Account
1 : 200
Cash
541
FX Choice
FX Choice
Demo Account
1 : 200
Skrill
734
AETOS
AETOS
Demo Account
1 : 200
Skrill
535
Invast Financial Services
Invast Financial Services
Demo Account
1 : 400
Wire transfer
546
PhillipCapital
PhillipCapital
Demo Account
1 : 200
Wire transfer
524
GBE brokers
GBE brokers
Demo Account
1 : 30
PayPal
766
Crystal Ball Markets
Crystal Ball Markets
Demo Account
1 : 1000
Crypto
672
LonghornFX
LonghornFX
Demo Account
1 : 500
Wire transfer
697
TrioMarkets
TrioMarkets
Demo Account
1 : 30
Wire transfer
575
Fortrade
Fortrade
Demo Account
1 : 100
PayPal
521
NatureForex
NatureForex
Demo Account
1 : 1000
Credit/debit cards
641
Olymp Trade
Olymp Trade
Demo Account
1 : 500
WebMoney
740
Milton Prime
Milton Prime
Demo Account
1 : 500
Skrill
532
Hirose Financial UK
Hirose Financial UK
Demo Account
1 : 30
Skrill
732
CapitalCore
CapitalCore
Demo Account
1 : 2000
PayPal
533
TenkoFX
TenkoFX
Demo Account
1 : 500
Wire transfer
704
PaxForex
PaxForex
Demo Account
1 : 500
WebMoney
470
Binary.com
Binary.com
Demo Account
1 : 1000
WebMoney
599
Big Boss
Big Boss
Demo Account
1 : 1111
Credit/debit cards
711
Forex24
Forex24
Demo Account
1 : 400
Credit/debit cards
234
CMC Markets
CMC Markets
Demo Account
1 : 500
Wire transfer
677
TradeATF
TradeATF
Demo Account
1 : 500
Credit/debit cards
288
Capital Index
Capital Index
Demo Account
1 : 200
Wire transfer
756
Rockfort Markets
Rockfort Markets
Demo Account
1 : 500
Local bank transfer
321
TFI Markets
TFI Markets
Demo Account
1 : 500
Credit/debit cards
520
GAINSY
GAINSY
Demo Account
1 : 500
CashU
63
Tradeo
Tradeo
Demo Account
1 : 30
Credit/debit cards
642
TIOmarkets
TIOmarkets
Demo Account
1 : 200
Wire transfer
275
Abshire-Smith
Abshire-Smith
Demo Account
1 : 200
CashU
712
ForexTB
ForexTB
Demo Account
1 : 30
PayPal
649
AMP Global
AMP Global
Demo Account
1 : 50
WebMoney
30
City Index
City Index
Demo Account
1 : 30
Wire transfer
580
Circle Markets
Circle Markets
Demo Account
1 : 500
Crypto
752
Esperio
Esperio
Demo Account
1 : 1000
Wire transfer
666
streamsfx
streamsfx
Demo Account
1 : 30
Credit/debit cards
780
Hankotrade
Hankotrade
Demo Account
1 : 500
Litecoin
557
Titan FX
Titan FX
Demo Account
1 : 500
Skrill
562
SuperForex
SuperForex
Demo Account
1 : 1000
Skrill
647
XBTFX
XBTFX
Demo Account
1 : 500
Crypto
719
XtreamForex
XtreamForex
Demo Account
1 : 1000
WebMoney
299
FXCL
FXCL
Demo Account
1 : 1000
Wire transfer
682
IQ Option
IQ Option
Demo Account
1 : 500
WebMoney
399
TradeView Forex
TradeView Forex
Demo Account
1 : 400
WebMoney
699
Financial Spreads
Financial Spreads
Demo Account
1 : 200
Credit/debit cards
502
CPT Markets
CPT Markets
Demo Account
1 : 500
Wire transfer
543
Forex.ee
Forex.ee
Demo Account
1 : 500
Wire transfer
714
Investous
Investous
Demo Account
1 : 500
Skrill
285
ForexMart
ForexMart
Demo Account
1 : 500
Skrill
101
LCG
LCG
Demo Account
1 : 200
Skrill
515
DF Markets
DF Markets
Demo Account
1 : 200
Credit/debit cards
517
ICM Capital
ICM Capital
Demo Account
1 : 30
PayPal
561
FCI Markets
FCI Markets
Demo Account
1 : 100
Credit/debit cards
574
CFDTimes
CFDTimes
Demo Account
1 : 500
Crypto
511
Profiforex
Profiforex
Demo Account
1 : 500
WebMoney
567
JCMFX
JCMFX
Demo Account
1 : 1000
Credit/debit cards
589
FXB Trading
FXB Trading
Demo Account
1 : 500
AdvCash
601
ETO Markets
ETO Markets
Demo Account
1 : 30
Skrill
573
TegasFX
TegasFX
Demo Account
1 : 200
Wire transfer
619
TurboForex
TurboForex
Demo Account
1 : 500
Credit/debit cards
79
Saxo Bank
Saxo Bank
Demo Account
1 : 200
Wire transfer
626
TradeFW
TradeFW
Demo Account
1 : 30
Credit/debit cards
755
Solid ECN
Solid ECN
Demo Account
1 : 1000
WebMoney
102
GKFX
GKFX
Demo Account
1 : 30
CONTACT
775
NPBFX
NPBFX
Demo Account
1 : 1000
WebMoney
730
TOP1Markets
TOP1Markets
Demo Account
1 : 100
PayPal
725
AZAforex
AZAforex
Demo Account
1 : 1000
Skrill
499
PFD
PFD
Demo Account
1 : 300
PayPal
542
WesternFX
WesternFX
Demo Account
1 : 500
Wire transfer
728
BMFN
BMFN
Demo Account
1 : 400
Skrill
597
AMEGA
AMEGA
Demo Account
1 : 1000
Wire transfer
393
eXcentral
eXcentral
Demo Account
1 : 30
Skrill
538
Vinson Financials
Vinson Financials
Demo Account
1 : 500
Credit/debit cards
720
CedarFX
CedarFX
Demo Account
1 : 500
Wire transfer
42
Core Spreads
Core Spreads
Demo Account
1 : 240
Credit/debit cards
750
GANNMarkets
GANNMarkets
Demo Account
1 : 400
Skrill
628
FXLinked
FXLinked
Demo Account
1 : 400
Crypto
748
Sage FX
Sage FX
Demo Account
1 : 500
Wire transfer
749
Number One Capital Markets
Number One Capital Markets
Demo Account
1 : 1000
WebMoney
572
CIBFX
CIBFX
Demo Account
1 : 200
WebMoney
754
FX Sign
FX Sign
Demo Account
1 : 1000
PayPal
674
EuropeFX
EuropeFX
Demo Account
1 : 30
Credit/debit cards
189
FXFlat
FXFlat
Demo Account
1 : 400
PayPal
799
XB Prime
XB Prime
Demo Account
1 : 500
Skrill
494
Velocity Trade
Velocity Trade
Demo Account
1 : 200
PayPal
753
Trading.com
Trading.com
Demo Account
1 : 30
Skrill
512
FXOptimax
FXOptimax
Demo Account
1 : 1000
Wire transfer
759
Investizo
Investizo
Demo Account
1 : 1000
Credit/debit cards
526
Euro Pacific Bank
Euro Pacific Bank
Demo Account
1 : 100
Wire transfer
603
Coinexx
Coinexx
Demo Account
1 : 500
Crypto
590
World Forex
World Forex
Demo Account
1 : 500
WebMoney
555
Trade12
Trade12
Demo Account
1 : 400
AliPay
671
Streams
Streams
Demo Account
1 : 500
Credit/debit cards
18
Finq
Finq
Demo Account
1 : 300
Skrill
544
Trust Capital
Trust Capital
Demo Account
1 : 400
Wire transfer
653
Scandinavian Capital Markets
Scandinavian Capital Markets
Demo Account
1 : 100
Skrill
742
CryptoAltum
CryptoAltum
Demo Account
1 : 0
Crypto Cash
298
LQDFX
LQDFX
Demo Account
1 : 500
Skrill
648
Purple Trading
Purple Trading
Demo Account
1 : 30
Skrill
769
FinPros
FinPros
Demo Account
1 : 500
Wire transfer
627
UBFX
UBFX
Demo Account
1 : 400
AliPay
751
Alfa Capital Markets
Alfa Capital Markets
Demo Account
1 : 100
Wire transfer
795
PU Prime
PU Prime
Demo Account
1 : 1000
Skrill
302
CM Trading
CM Trading
Demo Account
1 : 200
Skrill
604
JAFX
JAFX
Demo Account
1 : 500
Crypto
758
OffersFX
OffersFX
Demo Account
1 : 400
Skrill
610
EagleFX
EagleFX
Demo Account
1 : 500
Wire transfer
488
iFOREX
iFOREX
Demo Account
1 : 30
PayPal
594
EBH Forex
EBH Forex
Demo Account
1 : 30
Skrill
782
BelleoFX
BelleoFX
Demo Account
1 : 500
Credit/debit cards
96
Finotec
Finotec
Demo Account
1 : 200
Credit/debit cards
762
OpoFinance
OpoFinance
Demo Account
1 : 500
Wire transfer
608
CryptoRocket
CryptoRocket
Demo Account
1 : 500
Wire transfer
767
Geratsu
Geratsu
Demo Account
1 : 1000
Litecoin
88
FXDD
FXDD
Demo Account
1 : 30
Wire transfer
789
Wonderinterest
Wonderinterest
Demo Account
1 : 30
Credit/debit cards
456
SimpleFX
SimpleFX
Demo Account
1 : 500
Skrill
27
24option
24option
Demo Account
1 : 400
CashU
31
TryMarkets
TryMarkets
Demo Account
1 : 500
CashU
490
GCI
GCI
Demo Account
1 : 400
Wire transfer
566
Trade Fintech
Trade Fintech
Demo Account
1 : 200
CashU
793
RockGlobal
RockGlobal
Demo Account
1 : 500
Local bank transfer
718
HFTrading
HFTrading
Demo Account
1 : 400
Skrill
724
Moneta Markets
Moneta Markets
Demo Account
1 : 500
Credit/debit cards
658
Your FX Broker
Your FX Broker
Demo Account
1 : 100
AdvCash
504
FXPCM
FXPCM
Demo Account
1 : 500
FasaPay
781
Mitrade
Mitrade
Demo Account
1 : 200
Skrill
477
Deriv
Deriv
Demo Account
1 : 1000
WebMoney
791
Headway
Headway
Demo Account
1 : 2000
Credit/debit cards
29
ITRADER
ITRADER
Demo Account
1 : 200
Credit/debit cards
563
Gerchik & Co
Gerchik & Co
Demo Account
1 : 100
Skrill
209
Spread Co
Spread Co
Demo Account
1 : 10
Wire transfer
735
Opoforex
Opoforex
Demo Account
1 : 500
Crypto
797
Gulf Brokers
Gulf Brokers
Demo Account
1 : 500
Wire transfer
716
CryptoGT
CryptoGT
Demo Account
1 : 0
Crypto
516
Larson & Holz IT
Larson & Holz IT
Demo Account
1 : 500
Wire transfer
593
CrescoFX
CrescoFX
Demo Account
1 : 500
Wire transfer
579
CMS Trader
CMS Trader
Demo Account
1 : 400
Boleto Bancário
792
CapitalBear
CapitalBear
Demo Account
1 : 500
Wire transfer
644
Trendex
Trendex
Demo Account
1 : 400
Credit/debit cards
765
Emd Forex
Emd Forex
Demo Account
1 : 300
Skrill
582
Ally Invest
Ally Invest
Demo Account
1 : 50
Wire transfer
746
LiquidityX
LiquidityX
Demo Account
1 : 30
PayPal
634
CapitalXP
CapitalXP
Demo Account
1 : 100
Crypto
507
ICM Brokers
ICM Brokers
Demo Account
1 : 400
PayPal
552
FXGlobe
FXGlobe
Demo Account
1 : 0
SEPA
778
YCM-Invest
YCM-Invest
Demo Account
1 : 200
Wire transfer
554
WSSolution
WSSolution
Demo Account
1 : 400
CashU
777
zForex
zForex
Demo Account
1 : 1000
WebMoney
710
FinmaxFX
FinmaxFX
Demo Account
1 : 200
Credit/debit cards
633
FX Trading Pro
FX Trading Pro
Demo Account
1 : 50
Credit/debit cards
595
Markets Invest
Markets Invest
Demo Account
1 : 1000
Crypto
679
SmartFX
SmartFX
Demo Account
1 : 400
Skrill
657
FXGate
FXGate
Demo Account
1 : 100
AliPay
629
RCPro
RCPro
Demo Account
1 : 200
Skrill
688
MaxiMarkets
MaxiMarkets
Demo Account
1 : 200
WebMoney
796
Jetvix
Jetvix
Demo Account
1 : 500
Pinpay Express
645
PrimeXBT
PrimeXBT
Demo Account
1 : 0
Credit/debit cards
581
ayondo
ayondo
Demo Account
1 : 200
Credit/debit cards
747
Evest
Evest
Demo Account
1 : 400
Skrill
265
ForexCT
ForexCT
Demo Account
1 : 400
Credit/debit cards
737
Evotrade
Evotrade
Demo Account
1 : 200
Credit/debit cards
503
Renesource Capital
Renesource Capital
Demo Account
1 : 100
Wire transfer
663
SFEX
SFEX
Demo Account
1 : 100
Skrill
540
Forexite
Forexite
Demo Account
1 : 100
WebMoney
819
HFX Internasional Berjangka
HFX Internasional Berjangka
Demo Account
1 : 500
Wire transfer
820
Maxco
Maxco
Demo Account
1 : 400
Bank Transfer
650
Invest100
Invest100
Demo Account
1 : 400
AstroPay
816
Finex
Finex
Demo Account
1 : 500
Bank Transfer (Indonesian local banks - BCA
713
Ubrokers
Ubrokers
Demo Account
1 : 30
Credit/debit cards
776
Finteria
Finteria
Demo Account
1 : 500
Wire transfer
476
Videforex
Videforex
Demo Account
1 : 100
Crypto
475
Evolve Markets
Evolve Markets
Demo Account
1 : 1000
Crypto
591
Markets Cube
Markets Cube
Demo Account
1 : 100
Credit/debit cards
553
Bolmax Management
Bolmax Management
Demo Account
1 : 100
Credit/debit cards
640
TradeLTD
TradeLTD
Demo Account
1 : 200
Credit/debit cards
790
Strifor
Strifor
Demo Account
1 : 500
Ethereum
625
Trade8
Trade8
Demo Account
1 : 0
Crypto
779
Trive
Trive
Demo Account
1 : 30
Wire transfer
485
Questrade FX
Questrade FX
Demo Account
1 : 200
Wire transfer
539
Corner Trader
Corner Trader
Demo Account
1 : 200
Wire transfer
241
TMS Brokers
TMS Brokers
Demo Account
1 : 30
Wire transfer
794
Golden Brokers
Golden Brokers
Demo Account
1 : 100
Credit/debit cards
498
HMS Markets
HMS Markets
Demo Account
1 : 50
Wire transfer

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.

  • 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 Train 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.

  • 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.

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.


Additional FAQ

  • The speed of execution: If the trades are executed quickly and without any, this is a good sign of the quality of the brokerage services.
  • The spreads: Lower spreads are generally better, meaning traders will pay less in trade fees.
  • The commissions: Lower commissions are generally better as traders will keep more profits
  • The platform: The platform should be easy to use and navigate and offer all the features traders need to trade effectively.
  • Customer support: If traders have any questions or problems during their demo trading, they should be able to get help from the broker's customer support team quickly and easily.

Continue Reading at How Long Should You Trade on Demo Account?

Traders should transition from demo to live trading only after they have developed a dependable trading strategy, mastered effective money management, and built emotional resilience in a demo account. It's crucial to have these skills and confidence before risking real money.

Continue Reading at Lost Before Trading: Three Reasons Why Novice Accounts Collapsed

Installing a demo account is easy. That's because you can get it free from your Forex broker.

  1. Look for the "open demo account" button somewhere on your broker registration page. From there, brokers may offer more than one type of demo account, like; MetaTrader4 or 5 (MT4 or MT5), cTrader, etc. If you're pretty clueless, just pick MetaTrader4 because it's one of the most popular trading terminals.
  2. Alternatively, you can download MT4 from the MetaQuote website. Once you start pressing the download button, the client file should stay on your computer folder. Step two, locate that mt4setup.exe file on your download folder.
  3. Fill the checkbox to confirm your installation agreements. After then, click next. Additionally, you can change the MT4 installation directory by clicking the Setting button.
  4. Wait until the installer finished downloading all the required files. When it's done, click the Finish button.

demo account

Voila, now you're done with the basic installation!

Continue Reading at Demo Account For Foreign Exchange Beginner: Simple How To's

Since demo accounts do not require real money, traders can test their strategies without any financial consequence before applying them to the live market.

For rookie traders, they can experience first-hand how contract sizes affect their trading or how forex spreads work in real-time when an order is placed. This experience enables them to develop a strategy accordingly.

For experienced traders, demo accounts can be a 'shelter' from the capital risk of implementing new strategies in real accounts. It also provides them with the chance to enhance their existing strategy or identify its fault, especially after a streak of losses.

Continue Reading at Forex Demo Account: The Good, the Bad, and the Brokers