We found 11 online brokers that are appropriate for Trading Trading Simulator.
For the beginners who are seeking to make money trading stocks, commodities or currency pairs, you are suggested to start the entry to the market with a demo account instead of initially risking your hard-earned money straight away.
Day traders are strongly recommended to obtain a demo account and gain experience for a certain period of weeks to months with the zero risks that a trading simulator offers.
While discussing trading simulators we will discuss demo accounts and what are the benefits and drawbacks.
A demo account is a practice account and can be considered a kind of trading simulator. It is called as practice or demo because of its nature to help traders learn and experience trading without risking real money. Demo accounts are free with no funding requirements. It allows demo trading across commodities, stocks, futures, CFDs and more.
It is funded with simulated money and helps a trader to gain real experience without risking capital.
This helps to understand the trade, build confidence, and craft strategies besides getting familiar with the current condition of the market. In laymans terms, such trading simulators is like practicing and having a test drive in the financial market.
The best trading simulator or demo account allows a trader to simulate real trading with virtual money and hence there is no pressure of risking actual funds while trading or gaining experience.
Trading stimulator helps in testing several markets and also many products to know which is best suited.
It helps to gain experience without risking the real capital. Traders can track profit and loss through it while practicing the trades.
Charting - The demo account helps in interpreting the charts and know how to utilize those in trading.
The demo accounts facilitate analyzing past performance and the know-how of correcting mistakes.
Traders learn how to interpret news breaks and how to utilize information about the market.
With a demo account traders learn to identify markets and how these are monitored.
There are several benefits attached to demo accounts and below and let us categorize it into two: Familiarity and Strategy.
As a demo account is not funded by a trader, there is no risk of real money. Any trading mistake will not cost a thing.
It is best to understand price actions and fluctuations and to also learn about capitalizing. Finally, this is one of the best tools to test a broker or a trading platform.
A demo account is perfect to fine-tune ones strategy. It is perfect to learn from mistakes without risking real money.
A trading stimulator is always a great tool to either forward test or back test one's trading plan. Moreover, it helps to adjust positions when the market is against any trading strategy.
Before a trader looks for a demo account, here are some suggestions to follow:
It is often seen that demo accounts provide better execution. The same is not reflected in live trading as a demo account completes an order at the price which is shown.
While practicing one can choose at what level of capital they should end the trade and usually it is high. The same attitude may risk higher capital in live trading.
Some brokers may ask for a minimum deposit in a demo account too. This is a drawback. Other than this many enjoy increased leverage and may end up with substantial virtual profits, but this may result with significant losses in live trading.
There is no need to worry about a demo account and this may increase desire. In live trading, beware as you could land up with huge losses.
Traders usually overlook risk management in a demo account and hence may not know the art of doing it while live trading.
Demo account risk nothing while live trading can risk a lot of capital, sometimes even beyond capacity. Below are some of the ways of how to move from demo trading to live trading:
We discussed trading simulator in this article and finally it is suggested that a demo account cannot guarantee you to earn money from live trading.
Traders need to understand investing before jumping into the industry. Furthermore, do not risk beyond capacity and do not borrow huge capital for leverage.
The focus should be to make money and not to get into a debt trap.
We've collected thousands of datapoints and written a guide to help you find the best Trading Simulator Brokers 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 trading simulator below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Trading Simulator 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 Trading Simulator.
Compare Trading Simulator min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are trading simulator. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more trading simulator that accept trading simulator clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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Roboforex
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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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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) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | 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) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 1 | 100 | 1 | 100 | 200 | 100 | 5 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ |
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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 | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, 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 |
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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 avatrade |
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Up with roboforex |
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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 |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 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 |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM 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 | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | 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 |
You can compare Trading Simulator 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 Trading Simulator for 2021 article further below. You can see it now by clicking here
We have listed top Trading simulator below.