
Forex Demo Account
-A Start of Your Trading Journey-
1. What Is a Forex Demo Account?
Before committing your time and money to forex trading, you should be familiar with the ins and outs of the business. That's why forex brokers provide a demo account. A forex demo account is a practice account on a real trading platform funded by virtual money. This feature allows you to experience the real market without actually being exposed to the risk.

2. How to Start a Demo Account?
You can create a demo account in less than 10 minutes. Basically, you only need to register in a forex broker that provides a free demo account, which is practically everywhere if you look for it.
Here is one example of setting up a forex demo account that you can follow:
- Go to the broker's official website.
- Look for the button for account registration.
- Follow the instruction and make sure to fill the registration form with the correct data (email address, phone number, etc.) because the broker would like to send verification codes to your email or phone.
- After successfully opening an account with the broker, log in to the Member Area and create a demo account. The broker will give you the access to their platform so you can start demo trading.

3. Why is It a Must?
For beginners, forex trading is a vast world to explore; often seems so vast that some can be intimidated to embark on the journey.
In other words...
FOREX TRADING IS NOT AS SIMPLE AS IT MAY SEEM
Before fully committing your time and money to forex trading, you should be familiar with the ins and outs of the business. Forex demo account is very important as you don't want to risk losing your investments due to lack of knowledge and practice.
In demo account, you can:
- Learn about the characteristics of market as well as the frequent changes in the market.
- Pratice how to make orders in the trading platform.
- Get the hang of the platform's tools and how to navigate them.
- Figure out your trading goals.
- Try out various kinds of trading plans to determine the the ideal setup.
The key is to approach things at your own pace until you fully comprehend the fast-changing world of forex trading. And that is something that only forex demo account can provide without any real cost.

Want More Options to Start Demo Trading?
Nowadays, almost all broker provide their clients with free demo accounts so there is practically unlimited choices for you to create a demo account. Here are some of the most recommended brokers that you can choose:

4.23/5
Year Established : 2007
Regulation : ASIC ACN 123 289 109, CySEC 362/18, Securities Commission of The Bahamas SIA-F214 and The Financial Commission 25.11.2021
Account types : Raw Spread and Standard
Spread : Variable
Maximum Leverage : 1:500
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4.16/5
Year Established : 2008
Regulation : CySEC 178/12, FCA (UK) 730729, FSA (Seychelles) SD025, FSC (BVI) SIBA/L/20/1133, FSC (Mauritius) 176967, FSCA (South Africa) 51024 and The Financial Commission 22.07.2021
Account types : Standard Cent, Zero, Pro, Standard and Raw Spread
Spread : Variable and Fixed
Maximum Leverage : 1:2000
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3.67/5
Year Established : 2012
Regulation : BaFin HRB 160749B, CFTC/NFA 0486419, CySEC 199/13, FSA (Seychelles) SD047 and FSC (Mauritius) C116016172
Account types : Basic (EU BDSwiss), Black (EU BDSwiss), Black (Global Bdswiss) and Basic (Global Bdswiss)
Spread : Fixed and Variable
Maximum Leverage : 1:400
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3.42/5
Year Established : 2009
Regulation : ASIC 443670, BaFin 124161, CNMV (Spain) 2010157773, CONSOB (Italy) 3046, CySEC 120/10, FCA (UK) 538324, FSP (New Zealand) FSP235905 and ESMA
Account types : XM Ultra Low, Islamic, Micro and Standard
Spread : Variable
Maximum Leverage : 1:888
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4.33/5
Year Established : 2001
Regulation : ASIC 246566, CySEC 079/07, FSA (Seychelles) 19.09.2020 and FSC (BVI) 15.20.2020
Account types : Premium, Standard and VIP
Spread : Fixed
Maximum Leverage : 1:400
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3.59/5
Year Established : 2011
Regulation : CySEC 372/18, FCA (UK) 679306 and IFSA (St. Vincent and Grenadines) 19776 IBC 2011
Account types : OctaFX MT5 and OctaFX MT4
Spread : Variable
Maximum Leverage : 1:500
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3.41/5
Year Established : 2011
Regulation : CySEC 185/12, FCA (UK) 777911, FSC (Mauritius) C113012295 and FSCA (South Africa) 46614
Account types : FXTM ECN, ECN, FXTM Pro, ECN Zero, Cent and Standard
Spread : Variable and Fixed
Maximum Leverage : 1:2000
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3.81/5
Year Established : 2010
Regulation : Capital Markets Authority of Kenya 26/01/2022, CySEC 183/12, DFSA (Dubai) F004885, FCA (UK) 801701, FSA (Seychelles) 8419176-1, FSA (St. Vincent & Grenadines) 22747, FSC (Mauritius) 094286 and FSCA (South Africa) 466
Account types : Zero spread, Islamic Account, VIP, Micro, HFCOPY and Premium
Spread : Variable
Maximum Leverage : 1:1000
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3.28/5
Year Established : 2009
Regulation : ASIC 426359, CySEC 331/17, FSCA (South Africa) 50885, IFSC (Belize) IFSC/000102/310 and FCA temporary permit 808276
Account types : Crypto, Standard, Cent, Zero Spread, Micro and ECN
Spread : Fixed and Variable
Maximum Leverage : 1:3000
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3.54/5
Year Established : 2007
Regulation : FSA (St. Vincent & Grenadines) IBC22945 and FSC (BVI) SIBA/L/14/1082
Account types : Cent.Eurica, Cent.Standard, Insta.Eurica and Insta.Standard
Spread : Fixed
Maximum Leverage : 1:1000
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