ECN Demo Accounts
Compare ECN demo accounts with balances up to US$ 5 million. Test drive platforms and strategies before trading real money.
Brokers we recommend
- Min. deposit: $100
- Platforms: MT4, MT5, TradingView, cTrader, Copy trading
- Regulators: Australia, Cyprus (EU), Kenya, South Africa, St. Vincent & the Grenadines
Trade over 1,000 instruments on flexible leverage up to 1:500 with FPMarkets.com, an ECN broker with a 20-year track record. FP Markets accepts all trading styles on MT4/5, TradingView and cTrader.
- Min. deposit: $0
- Platforms: MT4
- Regulators: Cyprus (EU), Union of Comoros
FXCC.com is a regulated offshore broker with low spreads and high leverage, up to 1:500. It supports all trading styles on the MetaTrader 4 platform.
- Min. deposit: $50
- Platforms: MT4, MT5, cTrader, Copy trading
- Regulators: Cyprus (EU), St. Vincent & the Grenadines
Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through LiteFinance.com. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your account's balance.
- Min. deposit: $10
- Platforms: MT4
- Regulators: Mauritius, South Africa
LHFX, also known as Longhorn Forex, is a crypto-first offshore broker. Trade Forex as well as CFDs on cryptocurrencies, stocks, indices, precious metals and more. LHFX allows all trading styles and EAs on the MetaTrader 4 platform.
Comparison table
We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:
| FP Markets | FXCC | LiteFinance | LHFX | |
|---|---|---|---|---|
| Overall | 4.8 | 4.0 | 3.9 | 3.8 |
| Markets | 5.0 | 4.0 | 4.0 | 4.0 |
| Trading environment | 4.9 | 4.2 | 4.4 | 4.6 |
| Deposits and withdrawals | 5.0 | 4.4 | 4.2 | 3.4 |
| Investor protection | 4.0 | 3.8 | 2.0 | 2.5 |
| Customer service | 5.0 | 3.8 | 4.7 | 4.7 |
| FP Markets | FXCC | LiteFinance | LHFX | |
|---|---|---|---|---|
| Forex (CFD) | ||||
| Cryptos (CFD)* | ||||
| Stocks (CFD) | ||||
| Indices (CFD) | ||||
| Metals (CFD) | ||||
| Energy (CFD) | ||||
| Commodities (CFD) | ||||
| ETFs (CFD) | ||||
| Bonds (CFD) |
* Availability is subject to local laws and regulations.
| FP Markets | FXCC | LiteFinance | LHFX | |
|---|---|---|---|---|
| MT4 | ||||
| MT5 | ||||
| cTrader | ||||
| Copy trading | ||||
| TradingView |
| FP Markets | FXCC | LiteFinance | LHFX | |
|---|---|---|---|---|
| Bank transfer | ||||
| Credit card | ||||
| Debit card | ||||
| BTC (Bitcoin) | ||||
| NETELLER * | ||||
| Skrill * | ||||
| USDT (Tether) | ||||
| Broker to broker transfer |
* Availability is subject to local laws and regulations.
| FP Markets | FXCC | LiteFinance | LHFX | |
|---|---|---|---|---|
| Australia | ||||
| Cyprus (EU) | ||||
| Kenya | ||||
| Mauritius | ||||
| South Africa | ||||
| St. Vincent & the Grenadines | ||||
| Union of Comoros |
How to use your demo account
A demo account is smart way to test a new broker. You'll get a feel for the broker's professionalism and turnaround times within days of opening your account.
We suggest opening demo accounts with several brokers and executing identical trades over a number of days to get a read on spreads and/or commissions. Compare them against your current broker and between one another to see who you the best value for money.
Likewise, a demo account is a good way to test a new trading platform. Look out for charting capabilities, ways to customise your experience and manage your risks. Our reviews call out which platform(s) each broker supports. You'll find that most support MetaTrader 4 and 5, and an increasing number support cTrader and TradingView.
What a demo cannot do for you
However, there is one thing that ECN demo accounts cannot emulate: liquidity. Slippage is part and parcel of ECN trading because you rely on other market participants to hit your orders. The greater the number of participants, the deeper the liquidity and the easier it becomes to trade in and out.
To get a view on liquidity, ask your broker about his liquidity providers. The more liquidity providers he works with and the stronger their balance sheet, the stronger the execution. However, that information rarely is publicly available because it's of a commercial nature.
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About the author
I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers mentioned in this article. I started my career in investment banking in London as an FCA-approved person.