Best Forex Demo Accounts

Compare Forex demo accounts up to $5,000,000 with no time limit. Practice before you pay.

Best brokers

  1. FP MarketsAward Best FX Broker Australia 2021
  2. FxProAward Best MetaTrader Broker 2020
  3. AvaTradeAward Best Mobile Trading Platform 2021
  4. eToroAward Best Trading Platform, 2013 - Star Awards
  5. PepperstoneAward Best Forex Broker Overall - Compareforexbrokers, 2022

Broker reviews

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: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulators: Australia, Cyprus (EU), Saint Vincent and the Grenadines

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

FxPro (FxPro.com) is a global broker, winner of 95+ awards including "Best MetaTrader Broker" in 2020. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles without restrictions.

  • Risk warning: 84.72% 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: MetaTrader 4, MetaTrader 5, cTrader, Copy trading
  • Regulators: Bahamas, Cyprus (EU), South Africa, UK

$500
deposit

1:200
leverage

Instant
execution

$500
deposit

1:200
leverage

Market
execution

$500
deposit

1:200
leverage

Market
execution

$500
deposit

1:200
leverage

Market
execution

$50000
deposit

1:200
leverage

Market
execution

AvaTrade (AvaTrade.com) is an award-winning online broker. Trade CFDs on Forex, crypto-currencies, shares, metals and more on MetaTrader 4 or 5. AvaTrade accepts all Expert Advisors except those with a focus on arbitrage.

  • Risk warning: 79% 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), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulators: Australia, BVI, Cyprus (EU), Gibraltar, Israel, Japan, South Africa, UAE

$100
deposit

1:400
leverage

Instant
execution

$100
deposit

1:30
leverage

Instant
execution

$100
deposit

1:400
leverage

Instant
execution

$100
deposit

1:30
leverage

Instant
execution

$100
deposit

1:400
leverage

Instant
execution

eToro is the world's largest social trading platform, trusted by over 20 million users. Access a wide range of markets from a single platform, on the Web or your phone. Easily follow and copy other investors if you want to.

  • Risk warning: 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
  • Markets: NA
    * Availability subject to regulation.
  • Platforms: Copy trading
  • Regulators: Australia, Cyprus (EU), Seychelles, UK

$Variable
deposit

1:30
leverage

Instant
execution

$10000
deposit

1:30
leverage

Instant
execution

$50000
deposit

1:30
leverage

Instant
execution

$1000
deposit

1:30
leverage

Instant
execution

$10000
deposit

1:30
leverage

Instant
execution

$Variable
deposit

1:400
leverage

Instant
execution

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

  • Risk warning: Between 74% and 89% 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), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, cTrader, Copy trading, Mirror trading
  • Regulators: Australia, Bahamas, Cyprus (EU), Germany, Kenya, UAE, UK

$200
deposit

1:30
leverage

Market
execution

$200
deposit

1:30
leverage

Market
execution

$200
deposit

1:30
leverage

Market
execution

$200
deposit

1:30
leverage

Market
execution

$200
deposit

1:30
leverage

Market
execution

FXPRIMUS prides itself in creating a safe and secure trading environment. Trade CFDs on Forex, crypto-currencies, indices, metals and energies, on MetaTrader 4 or 5.

  • Risk warning: 68.18% 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. Please be advised that certain products may not be available for traders from EEA countries due to legal restrictions.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, cTrader, Copy trading, Mirror trading
  • Regulators: Cyprus (EU), Vanuatu

$15
deposit

1:30
leverage

Market
execution

$500
deposit

1:30
leverage

Market
execution

$15
deposit

1:1000
leverage

Market
execution

$500
deposit

1:1000
leverage

Market
execution

Trade CFDs without commission on Forex, shares, indices, commodities and ETFs with Plus500.com. Plus500 is listed on the London Stock Exchange and is regulated across several jurisdictions.

  • Risk warning: 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider 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.
  • Regulators: Australia, Cyprus (EU), Estonia, New Zealand, Seychelles, Singapore, South Africa, UK

$100
deposit

1:30 (CySEC & ASIC), 1:300 (FSA)
leverage ?

Instant
execution

Trade without restrictions with OctaFX (OctaFX.com), an international broker headquartered in St. Vincent & The Grenadines. Access CFDs on currency pairs, indices, precious metals and commodities on MetaTrader 4, MetaTrader 5 or cTrader.

  • Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulators: Cyprus (EU), Saint Vincent and the Grenadines

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

HYCM (HYCM.com), formerly HY Markets, is an award-winning regulated online broker. Trade over 300 instruments on fixed or variable spreads over MetaTrader 4 or 5.

  • Risk warning: 85% 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), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5
  • Regulators: Cayman Islands, Cyprus (EU), Saint Vincent and the Grenadines, UAE, UK

$100
deposit

1:500
leverage

Instant
execution

Trade Forex as well as CFDs on cryptocurrencies, stocks, indices and commodities with an STP/ECN broker. EagleFX (EagleFX.com) allows all trading styles and Expert Advisors on MetaTrader 4.

  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4
  • Regulators: Dominica

$10
deposit

1:500
leverage

Instant
execution

A Forex demo account allows you to trade Forex in real market conditions without putting your capital at risk.

Is a practice account right for you?

A demo account can work for beginners and more experienced traders alike, albeit for different reasons:

  • If you're new to currency trading, a demo account is an opportunity to learn Forex trading at your pace without committing yourself financially or emotionally.
  • Practice a new trading strategy until you've got the confidence to go live. Some trading strategies such as scalping require speed, stamina and self discipline. You'll want to choose a demo with 5 decimal pricing, depth of market information and fine tune your strategy until you're ready to go.
  • Last but not least, a practice account is a chance to test-drive a trading platform's charting features before opening a live account.

How to choose a Forex demo account

If you're thinking about opening a demo account, ask your broker the following questions:

  • How big is the account? The larger the account, the longer you can trade and the greater the positions you can open all else being equal. If possible, choose a large demo account to avoid being interrupted in the middle of a trade.
  • How long does the account last? It's a good idea to choose a practice account with no time limit to avoid being rushed into trading if don't feel ready.
  • Are all platform features available? It's important to remember that some demo trading platforms have some features disabled. Prices could be delayed or order types limited. If in doubt, ask your account manager for confirmation.

FxPro.com allows you to preview its platform online with a demo account identical in all ways to the live account. Get access to real time quotes, advanced charting and analysis tools in a risk-free environment. It also comes with $1,000 of virtual money.


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