ECN Demo Accounts

By St├ęphane on 30/09/2023

Compare ECN demo accounts with balances up to US$ 5 million. Test drive platforms and strategies before trading real money.

Brokers we recommend


4.0 / 5 FXCC

FXCC is a regulated offshore broker with an ECN trading environment. Trade CFDs on over 100 instruments with leverage up to 1:500, only on MT4. FXCC allows all trading styles and EAs.

FXCC is available in Kenya

4.7 / 5 Pepperstone

Pepperstone 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.

Pepperstone is available in Kenya
74-89% of retail CFD accounts lose money

4.1 / 5 LiteFinance

Trade CFDs on a wide range of markets on M4/5, with leverage up to 1:1,000 through LiteFinance.com. LiteFinance accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your balance.

LiteFinance is available in Kenya
83% of retail CFD accounts lose money

Other brokers:

Comparison table

Here's how and why rated these brokers, or learn more about our impartial 18-point methodology.

OverallMarketsTrading environmentDeposits and withdrawalsInvestor protectionCustomer service
FXCC 4.0 4.0 4.2 4.4 3.8 3.8
Pepperstone 4.7 5.0 4.8 4.4 4.8 4.7
LiteFinance 4.1 4.0 4.4 4.2 3.2 4.7
RoboForex 4.1 5.0 4.5 3.9 3.2 3.8
Forex (CFD)Cryptos (CFD)*Stocks (CFD)Indices (CFD)Metals (CFD)Energy (CFD)Commodities (CFD)ETFs (CFD)
FXCC 7181262
Pepperstone 96209572312416112
LiteFinance 576613115535
RoboForex 40338400102041001000
MT4MT5Copy tradingcTraderTradingView
FXCC
Pepperstone
LiteFinance
RoboForex
Bank transferDebit cardCredit cardNETELLER *Skrill *BTC (Bitcoin)USDT (Tether)
FXCC
Pepperstone
LiteFinance
RoboForex
AustraliaBahamasBelizeCyprus (EU)NevisSt. Vincent & the GrenadinesUAEUK
FXCC
Pepperstone
LiteFinance
RoboForex

* Availability is subject to local laws and regulations.

Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.



4.0 / 5 FXCC

FXCC is a regulated offshore broker with an ECN trading environment. Trade CFDs on over 100 instruments with leverage up to 1:500, only on MT4. FXCC allows all trading styles and EAs.

  • Likes
  • 100% bonus on your 1st deposit (up to US$2,000).
  • Flexible leverage up to 1:500.
  • All MT4 Expert Advisors are allowed.
  • No fees on deposits.
  • No minimum deposit.
  • Dislikes
  • FXCC only supports MetaTrader 4.
  • Withdrawal fees apply across some, but not all, funding methods.
Our take on FXCC

We particularly like FXCC's high leverage (up to 1:500) available across all currency pairs, gold, silver, stock indices and energy products. It offers negative balance protection, for added peace of mind.

Its MetaTrader 4 integration provides a smooth trading experience, with no lags and only minimal slippage. It accepts all trading styles and Expert Advisors, including scalping robots, without restrictions. We look forward to the day when FXCC will support MT5.

As FXCC offers consistently low spreads, it is possible to enter and exit trades several times a day, to take advantage of even small price swings. Its ECN XL account has no commission. However, FXCC will apply a $5 mark-up per lot, per side, if you open an account through us.


4.7 / 5 Pepperstone

Pepperstone 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.

74-89% of retail CFD accounts lose money
  • Likes
  • Trade over 1,200 instruments across many asset classes.
  • Trade on MT4/5, cTrader or even TradingView.
  • All trading styles and EAs are allowed.
  • Wide range of currencies for your trading account.
  • Excellent customer service.
  • Dislikes
  • You cannot choose which Pepperstone entity to open an account with. For example, you will need to open an account with Pepperstone's FCA-regulated entity if you live in the UK.
Our take on Pepperstone

We particularly enjoy Pepperstone's integration with TradingView, which makes it possible to open and close positions directly from the charts. This in addition to its support for the popular MetaTrader 4, 5 and cTrader platforms.

Fees are a big factor for any trader. And Pepperstone's competitive spreads and commissions are a significant plus point for us. Its Standard account with low and variable spreads will appeal to all traders. And its Raw account is designed for Forex day traders and scalpers.

Deposits and withdrawals are easy and hassle-free, which is exactly what we look for in a broker. Whenever we've reached out to customer service, we've found their agents to be responsive and attentive.


4.1 / 5 LiteFinance

Trade CFDs on a wide range of markets on M4/5, with leverage up to 1:1,000 through LiteFinance.com. LiteFinance accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your balance.

83% of retail CFD accounts lose money
  • Likes
  • All trading strategies are allowed.
  • Get free daily technical and fundamental analysis.
  • Receive up to 2.5% interest on used funds.
  • Copy trading accounts are also available.
  • Dislikes
  • Withdrawals fees are somewhat high, especially card withdrawals.
Our take on LiteFinance

We have been trading through LiteFinance's ECN account for over 3 years on raw spreads plus a commission of $5 per lot, per side, and we enjoy its unrestricted trading environment.

Their customer service team is responsive, even on weekends. Our withdrawals have always been processed as quickly as possible. However, their withdrawal fees are a bit high, especially card withdrawals.

LiteFinance publishes a lot of educational content in the form of webinars and articles on its blog, often focused on technical analysis. However, you might find yourself lost if you are new to trading.


4.1 / 5 RoboForex

RoboForex.com is an offshore broker based in and regulated in Belize. Access over 12,000 instruments, including real equities and CFDs on Forex, crypto and oil, from a single platform. We were able to start trading in minutes, without ID verification.

58.42% of retail CFD accounts lose money
  • Likes
  • Access 12,000 instruments, including real stocks.
  • Start trading in minutes without ID verification.
  • Enjoy negative balance protection.
  • Dislikes
  • RoboForex is only regulated in Belize.
  • Withdrawal fees across most funding methods.
Our take on RoboForex

RoboForex is an offshore broker you should consider, if you're looking for high leverage (up to 1:2000) across a wide range of asset classes.

We were able to open an account and start trading in under 5 minutes, as RoboForex postpones account verification until you raise a withdrawal request. It's free to fund your account, but pay attention to withdrawal fees across most withdrawal methods.

RoboForex accepts all trading styles and EAs on the MetaTrader 4 and 5 platforms. Its trading fees are on par with its competition, and swap fees generally lower. You may also qualify for a complimentary VPS if you trade at least 3 lots per month.

We particularly like its R StocksTrader platform, which allows you to invest in over 12,000 "real" stocks, in addition to CFDs across all other asset classes. If you're a buy-and-hold investor with an interest in stocks, this platform is one you should consider.

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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Author

About the author

I'm St├ęphane, 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 on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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