демо на форекс / 10 Best Forex Trading Demo Accounts for | FXEmpire

Демо На Форекс

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How to Use a Forex Demo Account

1. eToro

Pros

  • Regulated by FCA, ASIC
  • No withdrawal fee for US clients
  • 0% commission on stocks
  • Social and copy trading

Cons

  • Not available in every US State
  • More expensive than most of its competitors
  • No MetaTrader platforms

The eToro demo account is a great way to learn about forex trading without risking any real money.

With a virtual balance of $,, you can practice trading all of the instruments available on the eToro platform, including forex, stocks, commodities, and indices.

You can also use all of the same charting tools and technical indicators as you would on a real account.

The eToro demo account is a great way to:

  • Learn about the basics of forex trading
  • Practice trading different strategies
  • Test out the eToro platform
  • Get a feel for the market before you start trading with real money

To open an eToro demo account, you simply need to create a new eToro account and select the 'Demo' option. Once you have opened your demo account, you will be credited with a virtual balance of $, You can then start trading immediately.

The eToro demo account is a valuable tool for any trader, whether you are a beginner or an experienced professional. It is a great way to learn about the basics of forex trading and to practice different trading strategies without risking any real money.

Here are some additional benefits of using the eToro demo account:

  • It is completely risk-free. You cannot lose any real money with a demo account.
  • It is a great way to learn about the eToro platform. You can explore all of the features and functions of the platform without any risk.
  • It is a great way to get a feel for the market. You can see how different instruments trade and how the market reacts to different news events.

Visit eToro

76% of retail investor accounts lose money when trading CFDs with eToro. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take two mins to learn more.

2. AvaTrade

Pros

  • Worldwide regulated
  • Multiple platforms – MT4, MT5, etc.
  • Negative balance protection
  • 20% welcome bonus
  • Educational content
  • Wide rage of payments methods
  • Fixed spreads

Cons

  • You can’t buy stocks
  • Quarterly and annual inactivity fees
  • Custumer support is not available 24/7
  • No bonus for EU based clients
  • No US clients accepted
  • Imitated crypto assets

AvaTrade is a renowned forex and CFD trading broker that offers a comprehensive demo account designed to provide traders with a risk-free environment to practice trading and familiarize themselves with the platform.

The AvaTrade demo account is available to both new and existing clients and can be opened quickly and easily.

Key Features of the AvaTrade Demo Account:

  • Virtual Balance of $, Start with a substantial virtual balance to explore various trading strategies without financial risk.
  • Access to All Trading Instruments: Practice trading a wide range of instruments, including forex, stocks, commodities, indices, and cryptocurrencies.
  • Authentic Trading Experience: Experience the real-time market environment and execute trades as you would with a real account.
  • Advanced Charting Tools: Utilize a suite of advanced charting tools to analyze market trends and make informed trading decisions.
  • Technical Indicators: Employ a variety of technical indicators to identify potential trading opportunities and refine your trading strategies.

Benefits of Using the AvaTrade Demo Account:

  • Learn the Basics of Trading: Gain a thorough understanding of trading concepts and terminology without risking real capital.
  • Test Trading Strategies: Experiment with different trading strategies and evaluate their effectiveness in a simulated environment.
  • Familiarize Yourself with the Platform: Navigate the AvaTrade trading platform confidently and gain hands-on experience with its features and functionalities.
  • Develop Risk Management Skills: Practice risk management techniques to minimize potential losses and protect your capital.
  • Gain Confidence Before Trading Live: Enhance your trading skills and boost your confidence before venturing into real-money trading.

Opening an AvaTrade demo account is a straightforward process:

  • Create an AvaTrade Account: Visit the AvaTrade website and sign up for a new account.
  • Select the Demo Option: During the registration process, choose the 'Demo' option.
  • Complete Verification: Provide the necessary personal and verification details to activate your demo account.
  • Access Your Demo Account: Once verified, log in to your AvaTrade account and access your demo account.
  • Start Trading: Begin practicing your trading strategies and gaining valuable experience in the simulated market environment.

The AvaTrade demo account serves as an invaluable tool for novice traders to learn the fundamentals of trading, develop their skills, and refine their strategies without risking real funds.

It also allows experienced traders to experiment with new strategies and test their performance in a simulated environment before applying them to their live accounts.

Whether you're a beginner or a seasoned trader, the AvaTrade demo account provides a risk-free platform to enhance your trading knowledge and skills.

Visit AvaTrade

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

3. Pepperstone

Pros

  • Extensively regulated
  • No minimum deposit
  • Low fees and mostly free withdrawals
  • Good customer service

Cons

  • No investor protection for clients outside UK, EU and EEA
  • Withdrawal fee for clients outside EU and Australia
  • CFDs only

The Pepperstone demo account is a great way to practice trading without risking any real money.

With a virtual balance of $50,, you can trade all of the instruments available on the Pepperstone platform, including forex, stocks, commodities, and indices.

You can also use all of the same charting tools and technical indicators as you would on a real account.

The Pepperstone demo account includes:

  • A virtual balance of $50,
  • Access to all of the instruments available on the Pepperstone platform
  • All of the same charting tools and technical indicators as you would on a real account
  • The ability to open and close trades
  • The ability to track your profits and losses

Here are some of the benefits of using the Pepperstone demo account:

  • It is completely risk-free. You cannot lose any real money with a demo account.
  • It is a great way to learn about the Pepperstone platform. You can explore all of the features and functions of the platform without any risk.
  • It is a great way to get a feel for the market. You can see how different instruments trade and how the market reacts to different news events.
  • It is a great way to test out new trading strategies. You can try out different trading strategies without risking any real money.

To open a Pepperstone demo account, you simply need to create a new Pepperstone account and select the 'Demo' option. Once you have opened your demo account, you will be credited with a virtual balance of $50, You can then start trading immediately.

The Pepperstone demo account is a valuable tool for any trader, whether you are a beginner or an experienced professional. It is a great way to learn about the basics of trading and to practice different trading strategies without risking any real money.

Visit Pepperstone

% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

4. XTB

Pros

  • Regulated by the FCA
  • Low forex fees
  • Fast withdrawal and deposit with no fee
  • Live chat customer service

Cons

  • No US clients
  • Limited product portfolio
  • High fees for stock CFDs

XTB is a leading global forex and CFD trading broker that offers a comprehensive demo account designed to provide traders with a risk-free environment to practice trading and familiarize themselves with the platform.

The XTB demo account is available to both new and existing clients and can be opened quickly and easily.

Key Features of the XTB Demo Account:

  • Virtual Balance of $, Start with a substantial virtual balance to explore various trading strategies without financial risk.
  • Access to Over 1, Trading Instruments: Practice trading a wide range of instruments, including forex, stocks, indices, commodities, and ETFs.
  • Authentic Trading Experience: Experience the real-time market environment and execute trades as you would with a real account.
  • Advanced Charting Tools: Utilize a suite of advanced charting tools to analyze market trends and make informed trading decisions.
  • Technical Indicators: Employ a variety of technical indicators to identify potential trading opportunities and refine your trading strategies.
  • Educational Resources: Access a wealth of educational resources, including video tutorials, webinars, and articles, to enhance your trading knowledge and skills.

Benefits of Using the XTB Demo Account:

  • Learn the Basics of Trading: Gain a thorough understanding of trading concepts and terminology without risking real capital.
  • Test Trading Strategies: Experiment with different trading strategies and evaluate their effectiveness in a simulated environment.
  • Familiarize Yourself with the Platform: Navigate the XTB trading platform confidently and gain hands-on experience with its features and functionalities.
  • Develop Risk Management Skills: Practice risk management techniques to minimize potential losses and protect your capital.
  • Gain Confidence Before Trading Live: Enhance your trading skills and boost your confidence before venturing into real-money trading.

The XTB demo account serves as an invaluable tool for novice traders to learn the fundamentals of trading, develop their skills, and refine their strategies without risking real funds.

It also allows experienced traders to experiment with new strategies and test their performance in a simulated environment before applying them to their live accounts.

Whether you're a beginner or a seasoned trader, the XTB demo account provides a risk-free platform to enhance your trading knowledge and skills.

Visit XTB

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

5. Plus

Pros

  • No buy/sell commissions and tight spreads
  • Leverage of up to
  • FREE unlimited Demo
  • 2,+ trading instruments
  • Real-time quotes and advanced analytical tools
  • Fast and reliable order execution

Cons

  • No API integrations
  • No social copy trading

Plus is a CFD provider and offers only CFDs.

Plus is a leading global provider of CFDs (Contracts for Difference) that offers a comprehensive demo account designed to provide traders with a risk-free environment to practice trading and familiarize themselves with the platform.

The Plus demo account is available to both new and existing clients and can be opened quickly and easily.

Key Features of the Plus Demo Account:

  • Virtual Balance of $, Start with a substantial virtual balance to explore various trading strategies without financial risk.
  • Access to Over 2, Trading Instruments: Practice trading a wide range of instruments, including forex, stocks, indices, commodities, ETFs, and options.
  • Authentic Trading Experience: Experience the real-time market environment and execute trades as you would with a real account.
  • Advanced Charting Tools: Utilize a suite of advanced charting tools to analyze market trends and make informed trading decisions.
  • Technical Indicators: Employ a variety of technical indicators to identify potential trading opportunities and refine your trading strategies.
  • Educational Resources: Access a wealth of educational resources, including videos, tutorials, and articles, to enhance your trading knowledge and skills.

The Plus demo account serves as an invaluable tool for novice traders to learn the fundamentals of trading, develop their skills, and refine their strategies without risking real funds.

It also allows experienced traders to experiment with new strategies and test their performance in a simulated environment before applying them to their live accounts.

Whether you're a beginner or a seasoned trader, the Plus demo account provides a risk-free platform to enhance your trading knowledge and skills.

Visit Plus

81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

6. Tickmill

Pros

  • Low trading costs
  • No minimum deposit for some accounts
  • Variety of trading instruments
  • Advanced trading platforms

Cons

  • Limited product portfolio
  • Inactivity fees
  • Geographical restrictions
  • Limited social trading features

Tickmill is a leading trading platform recognized for its exceptional services and commitment to providing traders with a seamless and rewarding experience. With a user-friendly interface and a comprehensive suite of trading tools, Tickmill caters to traders of all levels, from beginners to seasoned professionals.

Key Features of the Tickmill Demo Account include:

  • Real-time Market Conditions: Traders can experience real market conditions without risking real money, allowing them to understand how the platform operates and practice trading strategies.
  • Virtual Funds: The demo account comes preloaded with virtual funds, allowing users to execute trades and test different strategies without any financial risk.
  • Access to Trading Instruments: Traders have access to a wide range of trading instruments, including Forex, commodities, indices, and cryptocurrencies, allowing them to explore various markets and asset classes.
  • Educational Resources: Tickmill offers educational resources within the demo account, including tutorials, articles, and webinars, to help traders enhance their knowledge and trading skills.
  • Risk-Free Environment: The demo account provides a risk-free environment for traders to experiment with different trading strategies and techniques, helping them gain confidence before transitioning to live trading.

Overall, Tickmill's demo account is a valuable tool for traders to familiarize themselves with the platform, refine their trading strategies, and ultimately increase their chances of success in the financial markets.

Visit Tickmill

Spread betting and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread betting and CFDs work and whether you can afford to take the high risk of losing your money.

7. ActivTrades

Pros

  • No minimum first-time deposit
  • Optimal trading execution
  • More than 1, CFDs
  • State-of-the-art trading infrastructure
  • Customer support on 14 languages via email, chat and telephone

Cons

  • No copy trading
  • Not available for US clients
  • No bonus for EU based clients

ActivTrades is a traditional CFD broker and has been trading for more than 20 years on markets. ActivTrades is authorized and regulated by the FCA, CSSF and SCB.

Its strong points include:

  • No minimum first-time deposit
  • No commissions
  • Several payment methods for deposits and withdrawals
  • Tight spreads from pips

The ActivTrades demo account is a valuable tool for both novice and experienced traders. It allows traders to practice trading strategies, test out new platforms, and familiarize themselves with market conditions without risking any real money.

The demo account comes with a virtual balance of $, and access to a wide range of trading instruments, including forex, stocks, commodities, indices, and ETFs.

The ActivTrades demo account is a great way to gain experience and confidence before starting to trade with real money.

Spread betting allows UK residents ONLY to trade the prices of financial instruments, including forex, indices, commodities and LSE shares.

Visit ActivTrades

Spread betting and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread betting and CFDs work and whether you can afford to take the high risk of losing your money.

8. Moneta Markets

Pros

  • Regulated by CIMA
  • Negative balance protection
  • No deposit fees
  • Low minimum deposit
  • MetaTrader 4 and PRO Trader platforms
  • No inactivity fee

Cons

  • No customer support during weekends
  • Educational and research content not as strong as others
  • No US clients

Moneta Markets was launched in to create a brokerage that allows fast and simple access to the markets.

Regulated by both ASIC and the FCA, this is considered to be a safe broker that you can trust, whether you are a beginner trader or a professional.

Moneta Markets provides a comprehensive demo account designed to empower traders of all levels to practice trading strategies, gain hands-on experience, and familiarize themselves with the Moneta Markets platform without risking real funds.

The demo account offers a realistic trading environment, allowing traders to explore various trading instruments, utilize advanced charting tools, and refine their trading skills.

Key Features of the Moneta Markets Demo Account:

  • Virtual Balance of $50, Start with a substantial virtual balance to experiment with different trading strategies and techniques without financial risk.
  • Access to Over 1, Trading Instruments: Practice trading a wide range of instruments, including forex, stocks, commodities, indices, and ETFs.
  • Authentic Trading Experience: Immerse yourself in a real-time market simulation, executing trades and experiencing the dynamics of the financial markets.
  • Advanced Charting Tools: Utilize a suite of sophisticated charting tools to analyze market trends, identify patterns, and make informed trading decisions.
  • Technical Indicators: Employ a variety of technical indicators to enhance your technical analysis and refine your trading strategies.

Visit Moneta Markets

What Is a Forex Demo Account?

A forex demo account is a virtual trading account where you can trade virtual funds. It is connected to a live trading platform, so it still receives live market data. Most forex brokers offer a demo account when you sign up for an account.

If you want to start trading forex, it is vital that you learn how to use the features of your chosen trading platform.

Using a demo account means you can test out the features without risking any real money. Once you are familiar with basic trading terminology and you feel able to use the demo account confidently, you will be ready to move on to trading real money.

Each trading platform is slightly different, so even the most experienced traders can benefit from using a demo account before trading real money on their chosen platform. For example, they may wish to use a demo account to test out a strategy or enter a new market.

What Is a Demo Account For?

Using a demo account does not allow you to trade real funds. However, it does simulate the forex trading experience, allowing you to learn how to use the features and functionality of the platform.

You will be allocated with a generous sum of virtual money to trade with.

Although every trading platform is different, they usually offer the same basic features, including:

  • Forex quotes/prices
  • Technical analysis resources
  • Charts
  • News feeds
  • Historical data
  • Drawing tools
  • Functionality for buying and selling currencies

As a novice trader, you should aim to place a minimum of 50 demo trades before trading with real money.

Repeating the process many times will ensure you know how to quickly open and close a trade, allowing you to become proficient in placing orders.

What Else Can You Learn?

In addition to learning your way around the platform and tools, you should also use the demo account to learn about the following:

How to Use a Stop-Loss Order

A stop-loss order will protect you against significant losses when making a trade.

A sell-stop order allows you to specify the amount of money you are willing to lose in a long position trade before you incur any loss. You can then take a step back from the trade until the amount of loss reaches a level you feel comfortable with.

For example, you might choose to set a 4% loss level. A buy-stop order is used to protect short positions. You can set it above the market price, and it will be triggered should the price increase above the specified level.

How to Use Limit Orders

Using a limit order means you can set a minimum or maximum price at which you would be willing to buy or sell.

A limit order is similar to a stop-loss order. Setting a stop price means the system will trigger a sell order when the price reaches that point. Setting a limit order means the trade will only be triggered if the price reaches the limit price or higher.

With a limit order, there is no certainty that the order will be filled, particularly if the price is increasing or decreasing quickly.

Understanding Spreads

‘Spread’ refers to the trade’s difference between the buying and selling prices in a currency pair.

In forex, the spread is determined at the point that a facilitator finds a buyer and seller for a currency pair.

The price is adjusted slightly on both sides, and the spread is paid to the facilitator in exchange for their services.

Understanding Lots

In forex, a lot is the size of a trade or the total amount that you trade at a particular time. The size of the lot has a direct impact on the level of risk.

The Best Times of the Day to Trade

The forex market is open 24 hours a day, five days a week. Between a.m. and p.m. EST is one of the best times to trade, as the USA/London markets overlap, leading to a high volume of trading.

Another good choice is between a.m. and a.m. EST, as this is when the Sydney/Tokyo markets overlap.

Practice with eToro Demo Account

76% of retail investor accounts lose money when trading CFDs with eToro. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take two mins to learn more.

Choosing a Strategy

There are many different forex trading strategies to choose from. Some are suitable for beginners, whereas others are more appropriate for experienced traders.

Your priority should be to choose a strategy that suits your individual trading style and enables you to fit trading activity around your lifestyle.

Pros and Cons of Using a Forex Trading Practice Account

Pros

  • Find out whether you enjoy forex trading
  • Risk-free opportunity to practice
  • Develop strategies for managing your emotions during trading
  • Encourages good money nanagement
  • Risk-free opportunity to try a new strategy
  • Sample a new trading platform

Cons

  • Account limitations
  • Requirement to share personal details
  • The trading environment may be unrealistic
  • Temptation to overtrade
  • Using leverage excessively
  • Lack of consequences
  • Account size

Pros of Using a Forex Practice Account

Find Out Whether You Enjoy Forex Trading

If you are new to trading or trading currencies, it is a good idea to find out if you enjoy forex trading before making any financial commitments.

Forex trading is intense and requires commitment and time. After learning more about trading forex and practicing with the demo account, you may decide that it does not suit your personality or fit in with your lifestyle.

Risk-Free Opportunity to Practice

Beginners to forex trading will feel more confident trading real money if they have had the opportunity to practice first.

A demo account simulates the forex trading experience and allows you to see how your trade choices are affected by changes within the live market. You will have the chance to make mistakes and learn from them without needing to worry about losing any real money.

Develop Strategies For Managing Your Emotions During Trading

Many traders find it difficult to keep their emotions in check when they win or lose trades.

Your goal should be to manage your emotional responses in ways that promote profitability.

Being able to cope with natural psychological responses – for example, hope, fear or greed – can set the successful trader apart from the unsuccessful trader.

Encourages Good Money Management

To become a successful forex trader, you will need to manage your money effectively.

Using a demo account will help you to practice money management techniques on real-life exchange rate changes, observing the impact of your actions and watching how they affect your virtual profits.

Risk-Free Opportunity to Try a New Strategy

Whether you are a new or experienced trader, you will need to test out new trading strategies before using them in a live trading environment.

Using a demo account for this purpose will help you to familiarize yourself with the system and identify any obstacles you might need to overcome.

How to Use a Forex Demo Account
How to Use a Forex Demo Account

Sample a New Trading Platform

Many forex brokers support the MetaTrader platform. If your broker does not, you may wish to use their demo account to establish whether their platform suits your needs.

When opening a trading account with a new broker, they may give you access to special features if you open a demo account. These might include educational resources, news services or enhanced customer support.

Cons of Using a Forex Practice Account

Account Limitations

Forex brokers may limit the virtual funds available in your demo account or set a time limit on how long you are able to use it for.

Your demo trading records may disappear at an inconvenient time, so it is important to find out about any limitations in place before you begin using the demo account.

Requirement to Share Personal Details

When opening a demo account, you will be asked to share certain personal information with the broker. If you do not wish to do so, consider using an alias and a designated email address for demo trading activities.

The Trading Environment May Be Unrealistic

Forex brokers may reduce or eliminate order slippage from the system to make the forex trading experience more appealing to prospective traders.

They may also reduce or remove re-quotes from the virtual trading environment. In a live forex trading environment, re-quotes are common, as the market often changes as an order is being entered.

Order execution times are much faster when using a demo account, and spreads may be set artificially tight by the broker.

Temptation to Overtrade

For many, the trading experience is fun and thrilling. The excitement of risk-taking and entering a deal means some people are prone to excessive trading.

Since a demo account does not involve any risk of financial loss, you may find yourself making a high volume of trades. Repeating this pattern in a live trading environment will be financially risky.

Using Leverage Excessively

Some online brokers offer high leverage in their demo accounts. Traders can use this to take very large positions in comparison to the size of their virtual account.

Although this can bring significant virtual profits if the trade is successful, it could also mean they lose all of their virtual money if the trade is unsuccessful. Again, repeating this pattern in a live trading environment will be financially risky.

Lack of Consequences

A demo account is often considered to be a helpful way to avoid making mistakes in a real-life trading environment.

However, some traders do not learn from their mistakes if they have not lost any real money. This can lead to negative trading habits that they will need to address to become a successful forex trader.

Similarly, some people may not take virtual losses seriously, so they do not learn how to manage their emotions during trading.

Account Size

When using a forex trading demo account, it is wise to trade with the same investment capital and level of risk as you will be using in the live trading environment.

If you do not, you may find that the trading experience falls short of your expectations when it comes to using a live account.

How to Open and Use a Forex Demo Account

Opening a demo account is a straightforward process. Most brokers will ask you to provide basic information, including your full name, date of birth and email address. It is free to open a demo account, and it should be ready to use very quickly.

Using a demo account allows you to virtually trade forex without having to make a deposit. Novice traders can use a demo account to experiment with trading markets, trade at different times of the day and find an effective trading strategy. Experienced traders can use a demo account to try out a different financial market or use a newly developed trading strategy.

To get started as a forex trader, you will need to build a trading routine. This will help you to focus on your chosen path when planning trades. It will increase the likelihood of positive results and minimize the risk of making mistakes.

Writing a trading routine is simple, but you must remain committed to it. The main priority is to create a plan that complements your trading style and fits around your lifestyle.

Frequently Asked Questions

A forex demo account is a trading account that allows traders to practice trading in a simulated environment with virtual funds.

It is designed to provide traders with an opportunity to test out their trading strategies, try out new trading platforms and features, and gain experience before investing real money in live trading.

To open a demo account in forex, traders can simply visit the website of their preferred broker and sign up for an account.

Usually, they will need to provide some personal information such as name, email address and phone number.

After submitting the information, traders will receive an email with instructions on how to log in to the demo account and start trading.

To use a forex demo account, traders need to log in to the trading platform provided by their broker and start practicing trading.

They can choose the assets they want to trade, analyze the charts and place trades using virtual funds.

It's important to treat the demo account as if it were a real account to get the most out of the experience.

There is no set time for how long traders should use a demo account before going live with forex. It depends on individual experience, skill level and confidence.

Some traders may feel comfortable going live after a few weeks, while others may need several months of practice.

The important thing is to have a solid understanding of the market and trading strategies before investing real money.

Yes, most forex demo accounts are free to use. Traders can use them for as long as they like without having to pay any fees.

A forex demo account works similarly to a live trading account, except that traders use virtual funds instead of real money.

The prices and market conditions on the demo account are based on real-time data from the forex market, which makes the trading experience as realistic as possible.

The benefits of using a forex demo account include the ability to practice trading without risking real money, test out new trading strategies and platforms, gain experience and confidence, and identify strengths and weaknesses in trading performance.

Yes, anyone can open a forex demo account. Traders only need to provide some basic personal information and agree to the broker's terms and conditions.

Trading on a Forex demo account is similar to trading on a live account, but there are some differences to keep in mind.

The main difference is that on a demo account, traders are using virtual funds, so there is no risk of losing real money.

Additionally, some brokers may provide different trading conditions on demo accounts compared to live accounts.

The length of time traders can use a forex demo account varies depending on the broker.

Some brokers may allow traders to use the demo account indefinitely, while others may have a time limit or require traders to open a live account after a certain period.

When using a forex demo account, traders should keep in mind that the trading experience may not be identical to trading with real money.

Additionally, it's important to use the demo account as a learning tool and not to become overly confident or complacent.

Finally, traders should always read the terms and conditions of the demo account before signing up.

There are many brokers that offer user-friendly forex demo accounts, and the best one for you will depend on your individual needs and preferences.

Some of the most popular brokers with user-friendly demo accounts include IG, eToro, XM and Plus

When choosing a broker, it's important to research and compare the features and fees of each to find the one that best suits your needs.

Final Thoughts

Using a demo trading account is a useful way to learn the basics of forex trading. It provides an opportunity to practice strategies and gain an understanding of forex terminology.

A demo account allows you to trade using virtual funds, so there is no financial risk. Experienced traders may choose to use a demo account when they want to practice a new strategy, enter a different market or sample a new trading platform.

After you have completed 50 or more trades using your demo account, you may feel ready to progress to live trading.

Before doing so, ensure that you can confidently use stop orders and limit orders and you feel comfortable using your chosen trading platform.

There are many different forex demo accounts available, so it is important to try a few before deciding on the best one for you.

WikiJob does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.

10 Best Forex Trading Demo Accounts for

Founded in , OCTA is a global CFD broker headquartered in St. Vincent and the Grenadines. Clients can trade CFDs on forex, commodities, indices, and cryptocurrencies via MetaTrader 4, MetaTrader 5, and the OctaTrader platform. Two main account types (Innovative Traders and Traditional Traders) are available, catering to different trader profiles.

OCTA Demo Account Features

  • Platforms: MetaTrader 4, MetaTrader 5, OctaTrader
  • Available Demo Account Types: Standard
  • Virtual Funds: Unlimited
  • Available Leverage: to
  • Base Currencies: USD
  • Demo Account Lifetime: Infinite but MT4 demo expires after 8 days of inactivity, MT5 demo expires after 60 days of inactivity

The demo account contest at OCTA uses the MetaTrader 4 platform and takes place over four weeks. The trader with the highest balance at the end of the round wins the main prize, $ Second place wins $, third place $, fourth place $60, and fifth place $ To date, there have been contents, and OCTA records detailed stats ranking all participants - including the total number of trades, pips, final equity balance, and percentage gain.

Demo traders can also draw from the educational resources at OCTA, which we rated above average in our review. Materials include regular live webinars and a forex basics video course.

In our tests, OCTA performed well in the category of fees. Live traders can benefit from tight spreads in CFDs on forex and commodities, no swap fees, no inactivity fees, and no deposit or withdrawal fees.

Forex Trading Demo Accounts

Huzefa Hamid

Huzefa Hamid

A Forex demo account is a capital-risk-free account but risks misplaced confidence for manual traders. Traders can test the trading environments of brokers or try different trading strategies. It is also necessary to evaluate automated trading systems.

It offers traders a simulated trading environment, and the broker does not send placed orders to the market. Traders get exposure to price movements and trading costs without trading. It is ideal for new traders to experience how trading costs can impact profitability.

Forex demo trading is a great way to road test a Forex broker before making a deposit, and a useful tool to help you learn how to trade Forex profitably – all at zero risk, without having to deposit any real money or risk any losses.

Read on to view my selected shortlist of the best Forex demo account brokers below, and tips on how to pick the best demo account and get the most out of it.

  • FXTM, Best all-around broker with high floating leverage and fast execution.
  • FP Markets, ECN trading with leverage up to
  • Eightcap, Competitive pricing + excellent daily videos.
  • BlackBull Markets, Best ECN trading environment, with scalping and hedging.
  • AvaTrade, Highly regulated, choice of fixed or floating spreads.

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CMA, CySEC, FCA, FSC Mauritius, FSCAASIC, CySEC, FSCAASIC, CySEC, FCA, SCBFMA, FSAASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID
ECN/STP, Market MakerECN/STPECN/STP, Market MakerECN/STP, No Dealing DeskMarket Maker
$ $ $ $0 $
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$ $ $ $ $
MetaTrader 4, MetaTrader 5, Proprietary platformMetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-basedMetaTrader 4, MetaTrader 5, Trading ViewMetaTrader 4, MetaTrader 5, Trading ViewOther, MetaTrader 4, MetaTrader 5, Web-based+
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FXTM

/5 in this category

In Summary

Best all-around broker with high floating leverage and fast execution

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Get Started

In Summary

Best all-around broker with high floating leverage and fast execution

FXTM is a global broker specialising in CFDs and FX and was established in The company is considered reliable and trustworthy since it features regulation through the UK Financial Conduct Authority (FCA), as well as through Cypress Securities and Exchange Commission (CySEC). FXTM offers potential users several account options including live and demo account options. The FXTM Demo account offers traders a % risk-free trading environment and mimics their live trader accounts perfectly. The FXTM Demo account gives you all of the exact same features and financial instruments (including live quotes) that you would get when opening (or migrating to) an FXTM Live trader account.

FXTM Pros & Cons

  • Excellent commission-based Forex pricing environment and transparency

  • Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app

  • Quality market research and educational content for beginner traders

  • Proprietary copy trading platform, and high leverage

  •  No cryptocurrencies and limited choice of commodities

FP Markets

/5 in this category

In Summary

ECN trading with leverage up to

Get Started

Get Started

In Summary

ECN trading with leverage up to

Founded in , FP Markets is a well-established and well-regulated CFD and forex broker based in Australia. The company is primarily regulated through the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), with additional regulation through the Financial Services Authority of St. Vincent and the Grenadines. FP Markets offers plenty in terms of education tools such as their free demo account and eBook resources. Users are able to enjoy all of the tools and features of a live account, with an easy sign up process. However, it’s important to note that your demo account will only be available for 30 days from the time that you set it up.

FP Markets Pros & Cons
  • Choice of trading platforms and auxiliary trading tools

  • Very competitive cost structure and excellent asset selection

  • Low minimum deposit requirement and leverage of up to

  • Well-regulated and trustworthy

  • Availability of Iress geographically restricted

Eightcap

/5 in this category

In Summary

Competitive pricing + excellent daily videos

Get Started

Get Started

In Summary

Competitive pricing + excellent daily videos

While the Eightcap demo account has a default restriction of 30 days, traders can contact customer support to request necessary extensions, which unlock the full potential of demo trading. Eightcap offers complete flexibility during the account registration process for its MT4 and MT5 demo accounts, allowing traders to select parameters like account type, leverage, and demo account balance similar to planned live portfolios. It ensures that demo trading results are as close as possible to live accounts.

Eightcap also maintains quality educational content, allowing beginners to incorporate lessons while using Eightcap demo accounts for educational purposes, shortening the learning curve.

  • Low minimum deposit and high leverage of up to

  • Competitive cost structure

  • Excellent technology infrastructure and seasoned management team

  • Daily research and quality educational content

  • Limited leverage in some areas

BlackBull Markets

/5 in this category

In Summary

Best ECN trading environment, with scalping and hedging

Get Started

Get Started

In Summary

Best ECN trading environment, with scalping and hedging

BlackBull Markets was founded in in New Zealand. Like many good demo account Forex brokers, BlackBull Markets is an ECN broker, offering raw spreads and commissions. It is regulated in New Zealand by the Financial Services Providers Register (FSPR). In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia. BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification.

  • ECN/NDD execution model with deep liquidity

  • Institution-grade pricing for retail traders via proprietary price aggregation

  • ZuluTrade and Myfxbook for social trading

  • Leverage of up to

  •  Limited deposit options

AvaTrade

/5 in this category

In Summary

Highly regulated, choice of fixed or floating spreads

Get Started

Get Started

In Summary

Highly regulated, choice of fixed or floating spreads

AvaTrade is one of the leading CFD and forex brokers in the world, and enjoys regulation in Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, and Israel. First time users have the option of signing up for a live account or a free demo account. The demo account is very easy to set up, and offers all of the same features and tools that you would get when creating your live AvaTrade account. This includes all technical indicators and prices in real time. The AvaTrade Demo account equips users with $, in virtual funds, allowing users to trade in real time and in a real world environment, and all trades are % risk-free.

AvaTrade Pros & Cons

  • High-quality educational offering via SharpTrader

  • Excellent choice of trading platforms catering to various trading needs

  • Broad asset selection and cross-asset diversification opportunities

  • Well-regulated and trusted broker with oversight from a central bank

  • Trading costs competitive but nothing special

The best Forex demo account is unlimited and without restrictions. It offers the same trading environment as a live account without the broker pressuring new traders to open a live trading account.

How to Open a Risk-Free Forex Demo Account

Almost all Forex and CFD brokers offer free demo accounts through their websites lasting at least 30 days. Usually, you must provide limited information to open the demo account, such as your email address, name, and telephone number.

All commonly used trading platforms offer a demo account. Some proprietary alternatives may lack it, which depends on the broker.

The most significant differences are the absence of trading psychology and false optimism. It can lead to counterproductive trading habits and losses in a live trading account.

They offer an opportunity to get to know a trading platform and a new trading environment. Traders can also test trading strategies, manual and automated ones.

Trading a free demo Forex account can give you a partial exposure to the broker’s trading environment, such as the asset selection, policies and procedures, and the trading platform. It is likely that the quoted spreads, swap rates, and execution speeds will be less favorable in the broker’s real account.

Traders may use pen and paper and conduct their testing that way. For learning purposes, a micro trading account with a $ deposit remains the best choice.

To almost every trader, trading a Forex demo account and a live Forex real money account are two very different psychological experiences. As there is no real gain or risk possible in a demo account, the emotions of hope and fear that traders go through in the real market, cannot be fully replicated in a demo account. However, a Forex demo account still works as a learning tool, despite its psychological inauthenticity for most.

Traders must select a demo account size that corresponds with their desired initial deposit to make the simulation realistic.

After deciding on a broker, demo traders should take small steps. Using a micro or mini account with a small initial deposit is the smart next step to take. Patience holds the key to becoming a successful trader.

Understanding the advantages of a Forex demo account, also known as a practice trading account or paper trading, will allow traders to benefit from them. I recommend that new traders consider the below aspects:

  • A Forex demo account allows traders to test the trading environment of brokers.

  • It also offers an opportunity to experience the trading platform and learn its functionalities.

  • Another benefit is that traders can experience how trading costs impact profitability.

  • Traders can also test new strategies or tweak existing ones to see the difference.

  • A demo account is ideal for testing automated trading solutions before taking them live.

  • Developers use a Forex trading demo account to test their solutions and fix bugs.

Before blindly following the commonly accepted advice that one can learn how to trade in a demo account, I urge new traders to consider the below disadvantages.

  • It is impossible to simulate trading psychology, the most defining attribute that separates profitable traders from those who face losses.

  • The trading results of manual trading in a demo account will differ from those achieved in live trading.

  • A demo account creates a misleading sense of accomplishment and false confidence.

  • Most traders use a demo account and believe they learned how to trade, then make a deposit and lose money using the same approach, as trading psychology now takes control.

  • Many brokers do not offer traders to select a preferred account balance that reflects their desired deposit size. It adds to misleading trading results.

Testing in the best demo trading account offers numerous benefits to all types of traders but learning how to trade is not one of them. The lack of exposure to trading psychology negates the learning process, as it remains the most defining part to master. A smarter choice to learn how to trade is a micro account with a small deposit and a lot size.

What is the best Forex demo account?

The best Forex demo account is unlimited and offers traders to select their account balance.

What is a demo account in Forex?

A demo account in Forex allows traders to test various aspects of the trading environment, trading strategies and automated trading solutions.

How do I open a Forex demo account?

Most brokers offer it on their website free of charge.

Which broker has the highest leverage in Australia?

There are several Forex and CFD brokers in Australia offering the highest leverage allowable under Australian law. The leverage is currently capped at a maximum of for Forex currency pairs and on other CFDs.

Can I use MT4 in Australia?

Yes, you can easily use MT4 as this trading platform is offered by almost every Forex and CFD broker in Australia, just as it is in the rest of the world.

Are Forex demo accounts safe?

Forex demo accounts are very safe because they hold no real money, but only virtual funds.

Can you withdraw money from a Forex demo account?

No, you cannot withdraw money from a Forex demo account, as demo accounts do not hold any real funds.

Are Forex demo accounts free?

Yes, Forex demo accounts are free, but registration is usually required to open one which means providing a telephone number and email address.

How do I start a demo trade?

Opening a demo trade is done through the trading platform which you are using to access the demo account. You open a trade by placing an order to go long or short at the market price, or at another price away from the current market price.

How long should I trade demo?

A good rule of thumb about how long you should trade demo is until you have been profitable over six consecutive months. At that point, you should move to a small real money account.

Is a demo account same as a real account?

Demo accounts and real accounts do not behave the same way. When you trade a real account, you and your broker are undertaking some risk, so wide spreads, slippage, or even requotes are possible. You will not see any of those three things happening in a demo account. A realistic trading simulator would include them.

Is demo trading accurate?

As trading conditions in real money accounts are always worse than in demo accounts, demo trading is not accurate as it tends to overestimate profits and underestimate losses. For scalping or other retail high-frequency trading, demo accounts are especially inaccurate, but longer-term traders who are profitable in demo.

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Benzinga reader's top picks for the best forex demo accounts are eunic-brussels.eu & IG Group.

Trading forex in a demo account offers a great way to get started operating in the world’s largest financial market. You only need to open forex demo accounts with an online broker of your choice to get your feet wet. That involves selecting among the various forex brokers available, which requires some initial research on your part to determine the most suitable one for your experience level and trading requirements.

Quick Look: Best Forex Demo Trading Accounts

Best Forex Demo Accounts

These days you have a lot of options to choose from among the various online forex brokers to trade currencies through, although traders based in the U.S. have fewer choices as a result of strict U.S. regulatory restrictions that often discourage online brokers from participating in that market. 

Below you will find the top forex, contract for difference (CFD) and/or spread betting brokers that offer a trading demo account in 8 key categories. You will also find details about each broker along with a screenshot of the trading platform you can check out via demo account trading. After deciding on a reputable broker, you can get in touch with them directly to open and start trading in a demo account.

1. Best Overall: eunic-brussels.eu

  • securely through eunic-brussels.eu's website

    securely through eunic-brussels.eu's website

    Best For:

    Forex Trading in and Outside the U.S.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

eunic-brussels.eu offers a demo trading account to prospective clients and ranks as the best forex broker overall. You can practice trading up to 80 currency pairs on eunic-brussels.eu’s advanced trading platforms, even if you live in the U.S.

Non-U.S. residents can also use the popular MetaTrader platform that allows you to automate your trading plans and backtest new strategies. You can check out Benzinga’s eunic-brussels.eu Review for more information about this excellent broker.

fx7
  • Available for forex trader in the U.S.
  • You can use this platform to make the most of your portfolio and improve it quickly
  • You can also study how the forex market works before you ever invest
  • You may feel as though there’s too much going on on this platform, especially if you’re a newer investor

2. Best for Multiple Trading Platforms: IG Markets

  • securely through IG Markets's website

    securely through IG Markets's website

    Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

IG Group is a comprehensive online forex and CFD broker that offers full access to the currency market via multiple trading platforms and supports trading in almost 90 currency pairs. The broker does take U.S. customers and requires a $ minimum deposit to open a live account. For those learning how to trade currencies, IG offers free online courses, webinars and seminars as part of its IG Academy.

Novice traders will like IG’s intuitive mobile, web and desktop platforms that are available to demo account users and include the popular MetaTrader 4 suite. More experienced traders will appreciate the platform’s wide choice of technical indicators and charting tools, including its ProRealTime online charting software aimed at advanced technical traders. 

While IG could improve its customer service, the broker offers tight dealing spreads and can suit traders who prefer a streamlined interface and/or like to trade on a tablet device.

fx2
  • Available for forex trader in the U.S.
  • You can easily start on this platform and invest in a range of unique assets
  • You can learn how to trade before getting started
  • There are several trading platforms available
  • This platform may not work well for the type of trading you prefer to do

3. Best for Trading Experience: Pepperstone

  • securely through Pepperstone FX's website

    securely through Pepperstone FX's website

    Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. % of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Well-regulated and offering the best trading experience, Pepperstone is a place where you can learn to trade in a unique demo account setup. You can try algo trading, Autochartist, API trading and more strategies if you like. This means that you can test your trading plans in a demo account and decide what’s best for you when you plan to invest your money fully.

Once you get started, you can go in with no minimum deposit, try over 60 currency pairs and invest on the platform that’s right for you, like MT4, MT5, cTrader, web trading, the mobile app and more.

  • You can trade on a platform that makes sense to you
  • Algo trading, API trading, etc are all available to you so that you can choose the right strategy
  • Demo accounts on this platform help you practice
  • You may prefer to practice trading somewhere else

4. Best for Copy Trading: eToro

  • securely through eToro Forex's website

    securely through eToro Forex's website

    CFD trading is not available to U.S. users. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

eToro specializes in social or copy trading that allows you to follow and duplicate in your own account the trades of expert traders who have an established track record with proven profitability. 

eToro also lets you trade more than 2, different assets in a demo account, and virtually any trader should find its intuitive forex platforms and apps easy to use, although it does not support the popular MetaTrader platforms. 

eToro also has excellent educational resources and it accepts U.S. residents of most states as clients.

fx6
  • eToro makes it easier to learn before you invest
  • You can get started with little money and without a long setup process
  • Yes, eToro allows you to start simply and with low minimums, but the platform may not align with your personal strategy

Disclaimer: 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

5. Best for Virtual Funding Amount: AvaTrade

  • securely through AvaTrade's website

    securely through AvaTrade's website

If you want a substantial amount of virtual money to practice trading with, then AvaTrade offers an impressive sum of $, to initially fund your demo account. 

That makes this broker our top pick from a virtual funding standpoint. 

AvaTrade also excels when it comes to the number and variety of trading platforms supported, which include MetaTrader, ZuluTrade and an impressive forex and options trading platform called AvaOptions.

fx5
  • You can mix options and forex as you learn
  • You can learn as you go so that you’re not investing until you’re ready to start
  • You may not prefer to use this mobile app given its design

6. Best for Unlimited Demo Time: Plus

  • securely through Plus's website

    securely through Plus's website

Plus(86% of retail CFD accounts lose money) is a specialist CFD broker and offers CFD trading for stocks, forex, commodities, exchange-traded funds (ETFs), options, indices and cryptocurrencies. It provides a portfolio of over 2, instruments.

Plus has over 1, assets available for trading in a demo account that includes 70 forex currency pairs, as well as stocks, cryptocurrencies, exchange-traded funds (ETFs), indices and options. The broker does not accept U.S. clients. 

Plus desktop and mobile trading platforms have an intuitive interface that both novices and experienced traders will find very accessible to use for demo account trading. The broker also offers unlimited time on its demo accounts, which makes them ideal for building a long-term performance track record. 

fx3
  • Uniquely, Plus allows you to invest in futures, forex and more
  • You can use the platform to grow a portfolio that includes all the assets most investors would prefer
  • Not all trading tools may be available in your jurisdiction

7. Best for Beginners: eunic-brussels.eu

  • Disclaimer: 84% of retail CFD accounts lose money.

    Disclaimer: 84% of retail CFD accounts lose money.

    79% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. 

eunic-brussels.eu is an award-winning CFD broker offering over 6, tradable assets including almost currency pairs and numerous cryptocurrencies. You can also enter into spread bets if you’re a U.K. client, and those from the U.K and some EU countries can buy shares in major companies. 

eunic-brussels.eu offers mobile apps, and commission-free trading on decent dealing spreads. If you’re just starting out as a forex trader, then you will really appreciate the broker’s 24/7 customer service and its extensive offering of trading guides and other educational materials, so this broker is our top choice for beginners to open a demo account with. 

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  • There’s a massive number of currency pairs which can easily help diversify your portfolio
  • You can use this platform to build watchlists that help you keep track of your future investing plans
  • Remember that CFDs are not legal in the U.S. and may not be available where you live

8. Best for High Volume Traders: Tickmill

  • securely through Tickmill Investing's website

    securely through Tickmill Investing's website

Tickmill's forex demo account is a valuable tool for traders looking to practice their skills in the world of currency trading. Tickmill's demo account provides a realistic trading environment with live market data, allowing traders to practice their strategies without risking real money. One of the significant advantages is that traders can gain experience and test their trading strategies without any financial risk. It's an excellent platform for beginners to get started.

Tickmill offers a wide range of trading instruments, including forex currency pairs, commodities, and indices, which allows traders to explore various markets and assets. The platform is user-friendly and intuitive, making it suitable for traders of all levels. It's easy to navigate and offers various trading tools and indicators.

  • Realistic trading environment
  • No financial risk
  • Multiple trading instruments are available
  • User-friendly platform
  • Great educational resources
  • Limited customer support
  • Limited tradable assets compared to other brokers

Why Choose a Demo Account?

Trading in a demo account can really help forex beginners who might otherwise have to learn how to trade forex using real money and the financial risks with it. While demo trading lacks the emotional rush involved in risking real funds, it does train you to watch the market. It can also give you a good feel for how exchange rates move without risking any real money. A demo trading account can also be useful to practice in and improve your trading skills in different market conditions.

Virtual trading removes the key psychological element involved in risk-taking that can make or break a trader. Even though it does not accurately assess your trading abilities, it can help you practice. You can also use demo account trading to assess the historical performance of your trade plan and train yourself to use a trading platform.

Basically, a forex demo account offers an educational tool for novices to begin trading forex and test their strategies in a real-time trading environment without taking the associated financial risks involved in trading a real money account.

Risk and Reward in Currency Trading

Forex traders make money just like stock traders do by taking positions that rise in value. They can also lose money by taking positions that depreciate in value. When trading positions remain open, any profits or losses stay unrealized, but they become realized when the position is closed out. 

Almost all online forex brokers let traders increase the risk they can take and potentially magnify their profits by leveraging. Leverage is generally expressed as a ratio of the size of the position you can control when you place 1 base currency unit on a deposit to use as margin. A leverage ratio, therefore, means you can control a $ position by placing just $1 on deposit as margin. 

To trade successfully, typically only consider making transactions that meet a certain minimum risk/reward ratio that you find acceptable. For instance, you could risk pips on 1 trade to potentially gain pips if your market view turns out to be correct. This results in an estimated risk/reward ratio of or on that trade. 

No matter what you decide to do, you must be prepared to lose all the money you put up as margin when trading forex, so do not trade with funds you cannot afford to lose. If you are mentally prepared for a loss, you will not be shocked if a trade doesn’t work out. Keeping mentally prepared lets you think through all your options instead of viewing the forex market as a get-rich-quick scheme, which it most definitely is not since most retail traders lose money.

A demo account gives you a real-time accounting of the profits and losses on your simulated trading positions without you incurring any actual financial risk or rewards. Ultimately, it is the best way to learn how to trade forex by practicing in a risk-free environment.

Opening a Demo Account Helps You Choose a Forex Broker

Selecting the right forex broker is one of the most important decisions you will make as a forex trader, so choose wisely. In addition to finding one that fits your trading requirements, you’ll also want a reliable and reputable broker that submits to a strong regulatory agency for oversight. 

Opening a forex trading demo account with any online broker that you would consider using makes total sense. You can use a demo trading account to learn how to use the broker’s trading platform to practice trading and test out new trading strategies in a real-time trading environment without the risk of actual financial loss.

Claim Exclusive Offers

  • securely through Plus's website

    securely through Plus's website

  • securely through eunic-brussels.eu's website

    securely through eunic-brussels.eu's website

    Best For:

    Forex Trading in and Outside the U.S.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • securely through AvaTrade's website

    securely through AvaTrade's website

  • securely through FxGlory's website

    securely through FxGlory's website

  • securely through IG Markets's website

    securely through IG Markets's website

IC Markets Global is the trading name of Raw Trading Ltd, which is regulated by the Seychelles Financial Services Authority (FSA) with Securities Dealer’s license number SD

Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure.


Restricted Countries: Raw Trading Ltd does not provide services for residents of certain countries such as the United States of America, Canada, Israel, New Zealand, Iran and North Korea (Democratic People's Republic of Korea) or a country where such distribution or use would be contrary to local law or regulation.

You must be 18 years old, or of legal age as determined in your country. Upon registering an account with Raw Trading Ltd, you acknowledge that you are registering at your own free will, without solicitation on behalf of Raw Trading Ltd.


Raw Trading Ltd does not direct its website and services to any individual in any country in which the use of its website and services are prohibited by local laws or regulations. When accessing this website from a country in which its use may or may not be prohibited, it is the user's responsibility to ensure that any use of the website or services adheres to local laws or regulations. Raw Trading Ltd does not affirm that the information on its website is suitable for all jurisdictions.


Raw Trading Ltd registered in Seychelles with registration number: , is regulated by the Financial Services Authority of Seychelles with License number: SD
Risk Warning: Trading Derivatives carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.


Information displayed through the IC Social application shall not be construed as containing investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. Any analysis displayed through the IC Social application does not constitute a personal recommendation and does not consider your personal investment objectives, investment strategies, financial situation or needs. Raw Trading Ltd makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information displayed through the IC Social application.


The information displayed through the IC Social application is not intended for any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Raw Trading Ltd does not endorse any of the material contained in Chats or Chat groups. Such material should not be regarded by you as investment advice, a personal recommendation, an incentive, or an inducement to trade. You should undertake your own independent research and investment decision as to whether a trading strategy, style, portfolio is appropriate for you. Information posted on the IC Social portal can only act as input to the process.


KEY BENEFITS

Open a forex demo account for free

Get £10, of virtual funds

Experienced customer service

Spread bet or trade CFDs on the go with our award-winning app*

Test your forex trading strategy risk-free through paper trading

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FCA regulated

FSCS logo

Segregated funds

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FTSE-listed group

Fast execution, precise charting and accurate insights are vital to your success as a forex trader. Our trading platform was built with forex trading in mind, and you can get a feel for the platform, risk-free, with your forex demo account.

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Forex trading is the simultaneous buying and selling of the world’s currencies on a decentralised global market.

One of the largest and most liquid financial markets in the world, its total average turnover per day is reported to exceed $5trn.

The forex market is not based in a central location or exchange so is open to trade 24 hours a day, from Sunday night through to Friday night.

What is forex?

Is forex trading right for you?

Trade CFDs and spread bet on over forex pairs, including major, minor and emerging pairs

Competitive spreads from pips and margin rates from %

No stamp duty to pay**

Analyse price performance with advanced charts, technical indicators and drawing tools

Use features like guaranteed stop-loss orders to manage risk

Learn about the forex market

FAQS

You get access to nearly all the same features as you would in our live account, except you won’t be trading with real money. A forex trading demo account is an excellent way to practise forex trading risk-free, with £10, of virtual funds. Alternatively, open a live forex account to get started straight away.

You can trade on over forex pairs, including major crosses like EUR/USD, GBP/USD and AUD/USD, as well as minor and emerging currencies. Learn more about forex currency pairs.

You can spread bet from £/point on EUR/USD, GBP/USD, USD/JPY and AUD/USD, and £/point on EUR/GBP. You can see the minimum trade size for all instruments on our Next Generation platform, in the ‘Product Overview’ under ‘Betting and Position Limits’.

Our spreads start from pts on major FX pairs like EUR/USD, USD/JPY and AUD/USD. Spreads on GBP/USD start from pts, and from pts on EUR/GBP. Margin rates for our most popular forex pairs start from %, which is the percentage of the total trade value that you need to put forward to open a position. Learn more about margin trading.

Trading on the foreign exchange market can expose a trader to risks. For example, spreads between the buy and sell prices of popular forex pairs are among the tightest, so even small price fluctuations can incur larger-than-expected profits or losses. Learn how to manage risks in trading.

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