As the name implies, this popular online platform is a specialist forex broker. It gives you access to more than 80 currency pairs - many of which come from the emerging markets. You will never struggle for liquidity on this platform and the number of trading tools on offer is highly extensive. In terms of the demo account itself, most traders will opt for MT4. All you need to do is quickly open an account with Forex. com and then enter your login credentials into the MT4 platform - which you can access online or via desktop software.

Once you do, you'll then have access to £10, in demo account funds. In particular, Forex. com is an advocate of the best trading robots and EAs, so this is a good platform to try out a new automated system. In fact, it even offers dedicated forex VPNs, which are highly conducive for running advanced trading bots around the clock.

If and when you decide to upgrade to a real money account, Forex. com offers some very competitive trading fees. There are several account plans to choose from, one of which allows you to trade commission-free.

If you're a seasoned pro trading larger volumes, an alternative account type offers spreads from just 0. There is also an STP Pro account, which gets the spread down to an industry-leading 0. Visit Forex. com Now There is no guarantee you will make money with this provider.

Plus is one of the most popular CFD trading platforms. The provider is authorized and regulated by the FCA and its parent company is listed on the London Stock Exchange. On top of commodities, stocks, indices, and ETFs - Plus offers a huge forex trading facility. Like most brokers in this space, the provider covers all major and minor pairs. However, Plus takes things to the next level by offering dozens of emerging currencies, too.

For example, you can trade pairs that contain the Thai baht, South African rand, Mexican peso, and more. Each and every forex pair hosted by Plus can be traded commission-free and with competitive spreads. In terms of the demo account facility, you can use this as soon as you go through the account opening process.

This should take you no more than a few minutes. The demo account amount is Once the balance of the demo account drops to EUR or the equivalent currency amount or below, the initial demo amount will be automatically reinstated by the system. This allows you to take as long as you need before you start trading with your own capital. When you do, the minimum deposit is just £ Finally, Plus can be accessed online or via the provider's mobile app. We have presented a selection of the best forex demo accounts right now.

While some are suitable for newbies attempting to learn how to trade currencies for the first time, others are more conducive to advanced trading strategies. Crucially, no two forex demo accounts are the same, so it's worth doing a bit of research before you get started. With this in mind, below we explain what you need to look out for in your search for the best forex demo account.

The best forex demo accounts that we reviewed come pre-loaded with a set amount of paper funds. com offers £10, You'll want to ensure that the amount being offered is sufficient enough for you to learn the ropes of forex trading.

After all, if you're a newbie, there is every chance that you will encounter more losing trade than wining ones - especially at the start of your trading journey. On the other hand, some of the best forex demo accounts allow you to top-up your paper trading balance. For example, Plus will increase your paper balance back to £20, when it drops below £ You also need to explore whether or not the demo account comes with a time limit.

We came across plenty of providers that only give you days of usage. This might not be enough time for you to learn how the forex trading market works if you are just starting out. This is why the best forex demo accounts come with no time limit at all. In particular, this is really useful if and when you come up with a new trading strategy later down the line.

In the case of eToro, there is no limit on how long you can use the demo account. On the contrary, you can switch between demo and real money mode at the click of a button. This metric is perhaps the most important. In a nutshell, the best forex demo accounts will mirror live trading conditions like-for-like.

This is crucial, as the whole point of using a demo account is to learn and build effective trading strategies that eventually - you can use in the real forex scene. As noted above, most forex trading platforms require you to open an account before you can gain access to its demo account facility. This is fair, as the provider is allowing you to trade in live market conditions risk-free.

However, we came across several platforms that also ask you to make a deposit before you can use the demo account. These providers should be avoided, as the best forex demo account will never stipulate a requirement to deposit funds. Once again, forex demo accounts are offered by regulated trading sites. While some sites offer dozens of currency pairs, others are somewhat thin on the ground. As such, it's important to check what forex trading pairs the platform offers, before going through the motions of using the demo account facility.

But, if you're looking to trade an exotic currency like the Thai baht, make sure this is supported. Put simply, you should only consider a forex demo account if it comes packed with trading tools. If it doesn't, then you won't be able to perform analysis in-house and thus - make rational, sensible trading decisions. You may also want to explore the best forex signals providers, these work on your chosen broker account and aim to provide tips and insights in to future market trends.

If you want to trade forex with real money but don't know where to start - it's worth considering an automated trading tool.

There are several variations available in the market. For example, eToro offers a Copy Trading feature, which allows you to mirror the trades of an experienced forex pro. This will trade around the clock on your behalf. You should, however, run the robot in demo mode for at least a few weeks to see how it performs in live market conditions. In order to find trends when trading forex, you need access to technical indicators. For example, the RSI Relative Strength Index looks to assess whether a forex pair is potentially over or undervalued.

With this in mind, you'll want to choose a forex demo account that comes packed with technical indicators, chart drawing tools, and other important analysis features. So now that we have discussed what you need to do to find the best forex demo account for your needs, it's now time to get started!

There is no time like the present in this respect, as the best providers require no deposit to use the demo facility. Instead, you simply need to open an account. To show you how easy this is with top-rated FCA broker eToro, we are now going to walk you through the process step-by-step. As noted above, the first is to open an account. Simple head over to the eToro website, click on 'Join Now', and follow the on-screen instructions.

The platform will collect some personal information from you - as well as your contact details. You will also need to choose a username and password and verify your mobile number. Once you have opened an account, eToro will ask you to make a deposit. You can skip this step and instead switch 'demo mode' on. Now you can search for a forex market that takes your interest. If you know which pair you wish to trade, search for it.

Alternatively, click on the 'Trade Markets' button to view what forex pairs the platform supports. When you find a pair you like, click on the 'Trade' button. You will now see an order box on-screen.

Put simply, eToro needs to know what trade you wish to place. As such, you first need to choose from a 'buy' or 'sell' order - depending on which way you think the price of the forex pair will go. Then, you need to select your stake.

Don't worry, this is paper money, so you can stake as much or little as you like without needing to worry about monetary loss! Perhaps a few days, weeks, or even months later - you might decide that you have the required skills to start trading forex with real money. Then, it's just a case of repeating the steps you took when trading via the demo account facility. In summary, there are hundreds of online brokers that offer forex demo accounts However, it's important to remember that at some point - you will likely want to start trading currencies with real money.

As such, you should choose a forex demo account that meets your long-term trading goals. As per our findings, we found that eToro offers the best forex demo account. The best forex demo accounts are offered by regulated brokers. Then, eventually, you might consider upgrading to a real money account. If you're looking for the best Forex demo account Metatrader 4, you might want to consider Forex.

com, Libertex, or FXCM. If you want a forex trading free demo account that mirrors live market conditions, you will first need to register with a suitable broker. In most cases, the best free forex demo account for beginners will not ask you to make a deposit to gain access. We found that the best free forex demo account for beginners is eToro. Not only is the platform easy to use, but it takes minutes to register. If you want to trade forex for free, you can do so via a top-rated demo account facility.

You will, of course, be trading with paper funds, so you won't be able to make real money. If you want to trade forex without lifting a finger, you can do so via FCA broker eToro. The platform allows you to select a seasoned forex trader and then copy all buy and sell positions like-for-like.

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What is Ripple? What is Litecoin? What is Bitcoin Cash? Is Luno Safe? Best Brokers. Forex No Deposit Bonus. FSCA Regulated Forex Brokers. According to research in South Africa , what are the best Forex Trading Demo Accounts, and why are they such an important offering? The demo account allows you to learn about the mechanics of Forex trading and test your trading skills and processes with ZERO risk. It is recommended that you use a demo account until you have the skills and confidence to then trade with real money in a real account.

Usually, these accounts are offered on a trial basis with an amount of virtual money that you can risk. This may be offered for a limited time or they may be unlimited depending on the Forex broker.

Read Review. This is a list of some great Forex Brokers that offer demo trading accounts. Please note that they are not listed in any order. This is not a ranking system but rather a comprehensive list of good brokers that have demo trading accounts to help beginner traders learn how the world of Forex trading works and build knowledge and confidence. Rated 1 of Recommended FX Brokers. Minimum Deposit. Islamic Account.

Trading Fees. AvaTrade is a respected online broker; not only is it the oldest and biggest in the world, but its dedication to customer service and support has won it many awards throughout the years. Avatrade is regulated in 6 jurisdictions overall, and within the EU they must remain compliant with ESMA regulations and therefore your demo account will depend on your region.

Your demo account will have the same features as your live account. There is no expiration time for inactivity, but the account does however run out after days. This period can be extended by contacting AvaTrade customer support or you can simply open another demo account.

Rated 71 of Recommended FX Brokers. FBS has launched a new type of account specifically for trading cryptocurrencies. BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments. FBS offers 5 different accounts to choose.

These are all available with demo trading accounts if you are a new user interested in signing up with the broker. The FBS demo trading account trial period lasts for a total of 90 days. If you do want to keep using the account after this it is possible though by contacting the support team.

Rated 70 of Recommended FX Broker. One great thing is that their demo account allows traders to execute trades using real-time data from both the industry and the broker. You can, therefore, be confident that you are learning in real-time environments with the safety that your trades are risk-free.

Axil demo accounts expire within thirty days but the broker is open for negotiations and encourages individuals who wish to see their demo accounts expiry time extended to contact their customer support team. Rated 23 of Recommended FX Brokers. FP Markets is a solid broker with a long track record in the Forex market. Their customer support is a real stand out with traders rating them highly for fast response as well as a very reliable trading experience.

Demo accounts do not expire unless you do not use it for more than 30 days. You will not be able to reactivate it in this case. Rated 6 of Recommended FX Brokers. HotForex offers a whole lot in terms of demo accounts as they offer a total of 6 account types to its traders and each one of these account types can be linked with a demo trading account. HotForex offers more than 45 top currency pairs from all around the world with an excellently competitive HotForex spread starting at 0 pips.

You can also enjoy risk-free trading in over 70 CFD trading options available across the board in stocks, indices, commodities, cryptos, futures, and bonds, when you join with a HotForex demo trading account. Rated 34 of Recommended FX Brokers. Go Markets. GO Markets is a solid broker with lots of features. Go Markets probably fits all kinds of traders whether you are a beginner or experienced trader. The broker provides analytics and offers great educational tools.

GO Markets offers very low Forex fees. You can be up and running very quickly as both account opening and depositing is super easy and fast. Additionally, you'll get many high-quality educational tools ranging from a demo account to e-book. Overall, GO Markets is an incredibly strong Forex and CFD broker for traders. Great customer service and good spreads make it an attractive option. They offer real-time spreads and fast execution so you build your confidence as a trader.

Rated 69 of Recommended FX Brokers. XTB offers both Standard and Pro accounts for you to choose from as a trader. Both account types come with an available demo trading account. Unlike some brokers, their demo trading accounts do not expire. However, if you do not trade for more than 30 days the demo account may be closed. XTB provides a well-rounded, competitive offering overall with outstanding customer service and the xStation 5 trading platform, which delivers a great experience.

XTB also offers a great host of educational tools with videos, tutorials, webinars, and more to help you grow as a top Forex trader. Rated 32 of Recommended FX Brokers. FXTM is a reputable broker and has a strong focus on educating and providing training resources for new traders.

You will find plenty of educational resources for beginners and new traders get demo accounts on four different accounts. FXTM is very user-friendly and is one of the few brokers to offer 24 hour support 7 days a week, allowing traders to use their weekends or holidays to get set up. Rated 55 of Recommended CFD Provider.

Yes Availability subject to regulations. General Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. You should consider whether you can afford to take the high risk of losing your money.

IG Markets 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. You will now see an order box on-screen. You should consider whether you can afford to take the high risk of losing your money. There are several account plans to choose from, one of which allows you to trade commission-free. Cookie Duration Description cookielawinfo-checkbox-analytics 11 months This cookie is set by GDPR Cookie Consent plugin. Best Stocks to Day Trade. BEE Shares.

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