Best MT4 Demo Accounts

Compare MT4 demo accounts with up to $100,000 in virtual funds. Open an account online in minutes to get started.

Best brokers

1. FP Markets Best Trade Execution - APAC...
2. FXCC Best Forex Trading Account...
3. OctaFX Best Global Broker Asia, 2022
4. NordFX Best Crypto Trading Platform...
5. Pepperstone Best Forex Broker Overall -...

Broker reviews

#1

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FP Markets is a true ECN broker with razor-thin spreads and deep liquidity. Trade CFDs on over 1,000 stocks, indices, commodities and currency pairs through MetaTrader 4 or 5. FP Markets supports all trading styles and EAs.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, cTrader, Copy trading
• Regulators: Australia, Cyprus (EU) , Saint Vincent and the Grenadines, South Africa

• Accounts

Standard Account  ▷ Standard Account: Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and commodities over MT4/5 or cTrader. Get ultra-fast execution speeds under 40 milliseconds with this ECN account.
$100 deposit	1:500 leverage	Market execution	▷

Raw Account  ▷ Raw Account: Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and commodities from 0 pips plus commission, over MT4/5 or cTrader. Get ultra-fast execution speeds under 40 milliseconds with...more ▷ Raw Account: Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and commodities from 0 pips plus commission, over MT4/5 or cTrader. Get ultra-fast execution speeds under 40 milliseconds with this ECN account.
$100 deposit	1:500 leverage	Market execution	▷

#2

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Trade CFDs across Forex, crypto, oil and indices with leverage up to 1:500. FXCC accepts all trading styles and Expert Advisors on MT4. There are no conflicts of interest, as FXCC.com doesn't trade against you.

• Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MT4
• Regulators: Cyprus (EU) , Nevis

• Accounts

ECN XL Account  ▷ ECN XL Account: Trade CFDs on 70+ currency pairs, crypto-currencies, commodities and indices with leverage up to 1:500. Get a 100% bonus on your first deposit, up to $2,000.
$0 deposit	1:500 leverage ?	Market execution	▷

#3

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Trade without restrictions with OctaFX (OctaFX.com), an international broker headquartered in St. Vincent & The Grenadines. OctaFX supports all trading styles and EAs.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, Copy trading
• Regulators: Cyprus (EU) , Saint Vincent and the Grenadines

• Accounts

MT4 Account  ▷ MT4 Account: Trade Forex, crypto-currencies, indices and precious metals on fixed or floating spreads. This account, designed for novice traders, supports MetaTrader 4.
$100 deposit	1:500 leverage	Market execution	▷

#4

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NordFX (NordFX.com) is a fully offshore Forex broker serving traders worldwide since 2008. Trade with flexible leverage up to 1:1000 on MetaTrader 4.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MT4, Copy trading
• Regulators: Vanuatu

• Accounts

Pro Account  ▷ Pro Account: Trade 33 currency pairs as well as CFDs on crypto-currencies, metals, indices and stocks on floating spreads from 0.9 pips. Get market execution and 5-decimal pricing. Automatic trading is allowed.
$100 deposit	1:1000 leverage	Market execution	▷

Fix Account  ▷ Fix Account: Trade 28 currency pairs and CFDs on crytpo-currencies, metals, indices and stocks on fixed spreads from 2 pips. Get instant execution. Automated trading is allowed.
$10 deposit	1:1000 leverage	Instant execution	▷

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Zero Account  ▷ Zero Account: Trade 33 currency pairs as well as CFDs on crypto-currencies, metals, indices and stocks on floating spreads from 0.0 pips plus commission. Market execution. Automatic trading is allowed.
$500 deposit	1:1000 leverage	Market execution	▷

#5

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Pepperstone (Pepperstone.com) is an award-winning broker regulated in 7 jurisdictions. Trade over 1,200 instruments on MetaTrader 4, 5, TradingView or cTrader. Pepperstone allows all trading styles, with no restrictions.

• Risk warning: Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, cTrader
• Regulators: Australia, Bahamas, Cyprus (EU) , Germany, Kenya, UAE , UK

• Accounts

Standard Account [MT4, MT5 or cTrader]  ▷ Standard Account [MT4, MT5 or cTrader]: Trade Forex and as well as CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads, with no commission. Choose between MT4, MT5, cTrader or TradingView. All trading strategies are allowed.
$200 deposit	1:500 leverage	Market execution	▷

Premium Account [MT4, MT5 or cTrader]  ▷ Premium Account [MT4, MT5 or cTrader]: Get priority customer support and exclusive market insights when you trade over 150 lots per month, for over 6 months.
$200 deposit	1:500 leverage	Market execution	▷

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Razor Account [MT4, MT5]  ▷ Razor Account [MT4, MT5]: Trade Forex on raw spreads, sourced directly from Pepperstone's liquidity providers, plus a commission. Trade CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads. Pepperstone allows...more ▷ Razor Account [MT4, MT5]: Trade Forex on raw spreads, sourced directly from Pepperstone's liquidity providers, plus a commission. Trade CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads. Pepperstone allows all trading strategies on MT4 and MT5. This account is popular with scalpers.
$200 deposit	1:500 leverage	Market execution	▷

Swap Free Account [MT4, MT5]  ▷ Swap Free Account [MT4, MT5]: Trade Forex and as well as CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads, with no interest charges. Choose between MT4 and MT5. All trading strategies are allowed. This account...more ▷ Swap Free Account [MT4, MT5]: Trade Forex and as well as CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads, with no interest charges. Choose between MT4 and MT5. All trading strategies are allowed. This account is only available in certain countries.
$200 deposit	1:500 leverage	Market execution	▷

#6

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JustMarkets (formerly JustForex) is an offshore broker that allows you to trade over 170 instruments on low spreads, and high leverage up to 500 times your initial deposit. It accepts all trading styles on MetaTrader 4 and 5.

• Risk warning: Margin trading in the financial markets is speculative and implies a high level of risk, including full loss of deposit.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, Copy trading
• Regulators: Cyprus (EU) , Seychelles

• Accounts

Standard Account  ▷ Standard Account: Trade CFDs from 1 pip with flexible leverage up to 1:500. Choose between MetaTrader 4 and 5. All EAs and trading strategies are allowed.
$1 deposit	1:500 leverage	Market execution	▷

Pro Account  ▷ Pro Account: Trade CFDs from 0.6 pips with flexible leverage up to 1:500. Choose between MetaTrader 4 and 5. All EAs and trading strategies are allowed.
$100 deposit	1:500 leverage	Market execution	▷

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Raw Spread Account  ▷ Raw Spread Account: Trade CFDs from 0 pips and $3 commission per lot/side. Flexible leverage up to 1:500. Choose between MetaTrader 4 and 5. All EAs and trading strategies are allowed.
$100 deposit	1:500 leverage	Market execution	▷

Cent Account  ▷ Cent Account: This account designed for beginners allows you to trade in cents, rather than dollars, on the MetaTrader 4 platform. Trading conditions are comparable to JustMarkets' Standard account.
$1 deposit	1:500 leverage	Market execution	▷

#7

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LiteFinance (LiteFinance.com), formerly LiteForex, is a global ECN broker. Trade CFDs on a wide range of markets on Metatrader 4 or 5, with flexible leverage up to 1:1,000. LiteFinance accepts all EAs and trading styles, including scalping and news trading.

• Risk warning: 83% 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.
• Markets: Forex (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, Copy trading, Mirror trading
• Regulators: Cyprus (EU) , Saint Vincent and the Grenadines

• Accounts

Classic Account  ▷ Classic Account: Trade Forex on floating spreads from 2 pips on MT4 or MT5. Get started from a low $50 deposit. Market execution with no requotes.
$50 deposit	1:1000 leverage	Market execution	▷

ECN Account  ▷ ECN Account: Trade Forex on floating spreads from 0 pips plus commission on MT4 or MT5. Get started from a low $50 deposit. Get market execution with no requotes. LiteForex pays 2.5% interest per annum on the balance of your account.
$50 deposit	1:1000 leverage	Market execution	▷

#8

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FxPro (FxPro.com) is a global broker, winner of 95+ awards including "Best FX Service Provider" in 2023. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles without restrictions.

• Risk warning: 79.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, cTrader, Copy trading
• Regulators: Bahamas, Cyprus (EU) , South Africa, UK

• Accounts

Standard Account [MT4, MT5 or cTrader]  ▷ Standard Account [MT4, MT5 or cTrader]: Trade CFDs on currency pairs, crypto, indices, stocks, precious metals and energy products with leverage up to 1:200. Get spreads from 1.2 pips across the EURUSD, GBPUSD and USDJPY pairs. All Expert Advisors and cBots...more ▷ Standard Account [MT4, MT5 or cTrader]: Trade CFDs on currency pairs, crypto, indices, stocks, precious metals and energy products with leverage up to 1:200. Get spreads from 1.2 pips across the EURUSD, GBPUSD and USDJPY pairs. All Expert Advisors and cBots are allowed on the MT4, MT5 and cTrader platforms.
$100 deposit	1:200 leverage	Market execution	▷

Pro Account [MT4]  ▷ Pro Account [MT4]: Trade CFDs on currency pairs, crypto, indices, stocks, precious metals and energy products with leverage up to 1:200. Spreads from 0.6 pips across the EURUSD, GBPUSD and USDJPY pairs. All Expert Advisors are allowed...more ▷ Pro Account [MT4]: Trade CFDs on currency pairs, crypto, indices, stocks, precious metals and energy products with leverage up to 1:200. Spreads from 0.6 pips across the EURUSD, GBPUSD and USDJPY pairs. All Expert Advisors are allowed on the MT4 platform.
$1000 deposit	1:200 leverage	Market execution	▷

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Raw Account [MT4]  ▷ Raw Account [MT4]: Trade CFDs on currency pairs, crypto, indices, stocks, precious metals and energy products with leverage up to 1:200. Get spreads from 0 pips + $3.5/side across the EURUSD, GBPUSD and USDJPY pairs. All Expert Advisors...more ▷ Raw Account [MT4]: Trade CFDs on currency pairs, crypto, indices, stocks, precious metals and energy products with leverage up to 1:200. Get spreads from 0 pips + $3.5/side across the EURUSD, GBPUSD and USDJPY pairs. All Expert Advisors are allowed on the MT4 platform.
$1000 deposit	1:200 leverage	Market execution	▷

#9

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4xc.com is an offshore broker founded by Forex industry veterans. Trade Forex, metals, oil and stocks with leverage up to 1:500. 4XC accepts all trading styles and Expert Advisors on MT4 and 5.

• Risk warning: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of your deposits. You should carefully consider your financial situation and experience level before trading.
• Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5
• Regulators: Cook Islands

• Accounts

Standard Account  ▷ Standard Account: Trade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC allows all trading styles and all Expert Advisors on MetaTrader 4 and 5.
$50 deposit	1:500 leverage	Market execution	▷

#10

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Exness is a global offshore broker trusted by over 500,000 active clients. Trade Forex, crypto, commodities, stocks and indices on MetaTrader 4 or 5 with unlimited leverage.

• Risk warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5
• Regulators: BVI, Curaçao, Cyprus (EU) , Kenya, Mauritius, Seychelles, South Africa, UK

• Accounts

Standard Account  ▷ Standard Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, metals and energies with dynamic leverage on MT4 or MT5. Spreads from 0.3 pips with no commission. All EAs are allowed.
$100 deposit	1:500 leverage	Market execution	▷

Advantages of a demo account

If you're new to Forex, a demo account will help you learn to trade, without putting your capital at risk. Hone your skills and gain confidence in your abilities in your own time. If you're looking for learning material, check our trading books section for free PDFs that touch on technical analysis, fundamental analysis and trading psychology.

And if you're an experienced trader, a demo account could help you test a new trading strategy with virtual money. However, we'd like to call out that you could use MetaTrader 4's built-in Strategy Tester to assess and optimise Expert Advisors against historical data, without having to open a demo account.

Last but not least, you could use a demo account to test-drive your future broker's platform before making your first deposit. All the brokers featured in this article provide the same features in their demo account, as they do in their real-money account.

Disadvantages of a demo account

Demo accounts are simulations, no matter how closely they aim to replicate live trading conditions. You're unlikely to ever experience price quirks such as gapping or slippage in a demo environment. Yet these often make trading significantly more challenging.

Importantly, a demo account will remove emotions of fear and greed that you'll experience when trading with real money. Yet, these emotions can often get in the way of successful trades, by prompting you to exit loss-making positions early, or chase assets whose price has risen too far, too fast. That's why some traders recommend learning to trade with a real-money account, even if this means trading small sizes initially.