Forex Brokers with the Best Demo Account

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Trading in a demo account happens to be an excellent way to start your Forex adventure. All you need to do is to open a demo account with one of the online brokers to take action. Trading in a forex demo account can really be useful for beginners who want to explore the website before starting a real ”game.” In other words, new traders can get a good feel for how exchange rates move without putting any money at stake.

List of Best Forex Demo Accounts

With lots of options that are available on the market, you need to choose the online broker with the best conditions. Below you will find our picks for the top forex brokers providing demo accounts.

Forex.com

FOREX.com offers a forex demo account to all newcomers for one-month practice. You can try your luck with trading up to 80 currency pairs on FOREX.com’s advanced trading platforms. Non-U.S. residents are allowed to use the popular MetaTrader platform in order to automate your trading experience and backtest new strategies.

Account Minimum Balance: 100 of the base currency
Pair offered: over 80
Minimum trade size: $1,000
Spread: 0.2 pips – 1.0 pips

eToro

eToro is a Forex broker focusing on social trading operations that allows you to follow and copy the trades of professional traders who have a successful track record with stable profitability in the stock market. With over 2,000 various assets in a forex demo account, a new trader won’t find it difficult to master the internal routine. Thanks to available Forex platforms and apps, the user experience has become a full-of-fun adventure. By the way, eToro is about to provide you with great educational resources to encourage your growth on the platform.

Account minimum: &50
Pair offered: 47
Minimum trade size: 0.01
Spread: 1.0 pips and more

AvaTrade

AvaTrade is one of the most generous online brokers due to all the support it provides beginners with. Just imagine that you can get an impressive sum of $100,000 to initially fund your demo account. This is the financial support that will let you explore the broker’s website and master the concept of online trading. Moreover, AvaTrade takes a leading position when it comes to the number and variety of trading platforms. These include MetaTrader, ZuluTrade and AvaOptions.

Account minimum: 100EURO
Pair offered: over 50
Minimum trade size: 0.01
Spread: not less than 0.06 pips

easyMarkets

Etsymarket is an experienced representative of a Forex universe. Having the easiest-to-use trading platform, this broker is a good choice to open a forex demo account with. What’s good is that the versions for phone, tablet and desktop devices can be used. easyMarket offers traders numerous platforms through its managed brands, delivering a wide range of options for applying trading instruments across a limited range of markets. Compared to the best forex brokers, easyMarket will leave you impressed.

Account minimum: $100
Pair offered: 62
Minimum trade size: 0.5 pips
Spread: 1.0 pips and more

Related Article: Best Trading Platforms in India

Plus500

Plus500 is one of the leading CFD providers offering more than 1,000 assets available for trading purposes in a forex demo account. These include 70 forex currency pairs, stocks, cryptocurrencies, exchange-traded funds (ETFs), as well as indices and options. As for the trading platforms, Plus500 has desktop and mobile trading options featuring an intuitive interface and easy navigation. Thus, Plus500 can be an excellent trading solution not only for the newcomers but also for experienced traders. Even if you have some doubts, you can open an account for trading. Compared to many other Forex brokers, Plus500 does not limit your time spent in the demo account. You can take as much time as you need for practice and adaptation.

Account minimum: $100
Pair offered: over 2000
Minimum trade size: varies by asset
Spread: 1.0 pips and more

The Bottom Line

Choosing the right Forex broker is one of the most complicated things you might face in online trading. With all the variety of brokers, you have to choose between available assets, commissions, spreads, and many other factors. Conditions for using a forex demo account tune out to a serious thing to focus on. Apart from picking up one that fits your trading preferences and expectations, you’ll also need a reliable and reputable broker that appeals to a strong regulatory agency for oversight.

Creating a demo account with any online broker makes total sense. You can use a forex demo account to gain a better understanding of how to use the broker’s trading resource, to practice trading, and to explore new trading approaches in a real-time trading environment. At the same time, you save yourself from the risk of actual financial loss. As you can see, the benefits of the forex trading demo account can hardly be denied. Just be attentive while you are using it for practice purposes. After all, every detail can affect your final desire to stick to this or that online broker.

You may also like to read: Importance of Trading Goals

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