We found 11 online brokers that are appropriate for Trading Forex Demo.
Forex trading practice increases your chance of success. The market is highly volatile and not in the control of one country or jurisdiction. International events and news impact heavily on the price movements of currencies and hence only an expert would be able to master it.
Opening a demo account is the best way to practice Forex trading. Most of the Forex brokers offer one such account for beginners and young traders to get real exposure to the market without investing real money into it. A demo account always comes with a virtual fund and this is used while buying and selling the currencies.
A demo account is also known as a practice account and it has almost all the capabilities of a real account. It comes for free. But a question arises like why the practice account is free.
The primary reason why a demo account costs nothing is that the broker wants the novice traders to know all the features of the platform provided and get exposure to the market as well.
It has been seen most of the amateur traders love trading without risk and hence fall in love with the Forex market and thereafter deposit real money to continue with investment.
A demo account helps in learning the Forex trading mechanics and gradually a trader learns skills without risking any real money. This means it is the learning process with zero risks.
Hence, Forex trading practice is important. One should demo trade to develop the skills in trading currencies. It is again repeated that beginners should explore the demo account to enhance the quality of profitable trading while risking real money.
Beginners should not to open a live Forex trading account unless making a profitable trade in demo Forex practice accounts.
Patience is the key here. If a continuous profitable demo account is not made, there would be little chance of making profits in live trading. It is thereafter suggested to practice with a demo account for at least about a month.
It may be a bit complicated to trade with multiple currencies. Hence, new traders should practice trading with just one major currency. It will be easy to keep a tab and learn the ins and outs faster of Forex trading.
Major currency is highly liquid and also come with tighter spreads as well as gets less chance of slippage. Hence, learning becomes more fruitful with a major currency.
Moreover, one should basically focus on improving the trading process in the beginning and simultaneously creating good habits. Experiencing different market environments is also necessary as it teaches how to adjust one's own strategy and method with the change in market behavior.
Practicing will help in becoming a success in Forex trading. However, it is a hard job and cannot be learned easily. It requires good dedication and of course a little bit of luck apart from good judgment and patience.
It is important to understand what you are doing when trading. At the end of the day, profit is the main factor of any trade and the same is with Forex trading. No one wants to lose money trading Forex. Education and practice will increase your chances.
In this guide we have given an overview of what a practice Forex demo account is and how to practice with a Forex demo account.
We explained a demo account is free with all reputable trading platforms and requires no deposit. Trading with it also requires no real money. It comes with virtual money to enable the opening and closing of positions. No real money is involved and hence there is no risk of one's own money. But it is the best way to learn what is Forex, what is Forex trading and what is a trading platform. It is also the best tool to help learn ins and outs of the market. It is the best companion or guide for beginners to earn a profit while trading Forex.
We've collected thousands of datapoints and written a guide to help you find the best Forex Trading Practice for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Forex Demo below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Forex Demo trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Forex Demo.
Compare Forex Demo min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Forex Demo. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex Demo that accept Forex Demo clients
Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with spreadex |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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. | Losses can exceed deposits | 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. | 76.4% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare Forex Demo ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Forex Demo for 2021 article further below. You can see it now by clicking here
We have listed top Forex Demo below.