Trade for Free with an MT4 Demo Account
A MetaTrader 4 demo account is the best way to build your skills, test brokers, and trade with confidence whatever of your experience. Here are a few reputable brokers with unlimited demo accounts we recommend.
Brokers we recommend
- Min. deposit: $100
- Platforms: MT4, MT5, TradingView, cTrader, Copy trading
- Regulators: Australia, Cyprus (EU), Kenya, Mauritius, South Africa, St. Vincent & the Grenadines
With over 1,000 tradeable instruments and leverage up to 1:500, FP Markets is an ECN broker ideal for both beginners and pros. Its free MT4 demo account comes with a $10,000 balance and the same price feed as its live account.
- Min. deposit: $50
- Platforms: MT4, MT5, Copy trading
- Regulators: Cook Islands
4XC offers high leverage, accepts all EAs, and gives you access to Forex, metals, oil, and stocks via MT4 or MT5. A solid choice for those seeking flexibility in their trading style. It was founded by traders, for traders.
- Min. deposit: $100
- Platforms: MT4, MT5, Copy trading
- Regulators: Australia, BVI, Cyprus (EU), Ireland, Israel, Japan, South Africa, UAE
In business since 2006, AvaTrade is a regulated broker with a strong track record. Get $100,000 in virtual funds when you open an MT4 demo account with AvaTrade. Its demo account mirrors real market prices and trading conditions. However, you can only create one such account.
- Min. deposit: $100
- Platforms: MT4, MT5, cTrader, Copy trading
- Regulators: Bahamas, Cyprus (EU), South Africa, UK
With over 120 awards, FxPro is a broker you can trust. You can open as many demo accounts as you want with FxPro, for example to test each of its trading platforms separately. FxPro's MT4 demo account simulates actual trading conditions, but is limited to 70 open positions.
- Min. deposit: $0
- Platforms: MT4
- Regulators: Cyprus (EU), Union of Comoros
If you're looking for simplicity and speed, open an account with FXCC. Its MT4 demo account is clean, intuitive, and easy to navigate. Ideal for those just starting out.
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 | 4XC | AvaTrade | FxPro | FXCC | |
|---|---|---|---|---|---|
| Overall | 4.8 | 4.1 | 4.7 | 4.6 | 4.0 |
| Markets | 5.0 | 3.8 | 5.0 | 4.1 | 4.0 |
| Trading environment | 4.9 | 4.4 | 4.2 | 4.9 | 4.2 |
| Deposits and withdrawals | 5.0 | 4.5 | 4.7 | 4.6 | 4.4 |
| Investor protection | 4.0 | 3.0 | 4.8 | 4.8 | 3.8 |
| Customer service | 5.0 | 4.7 | 5.0 | 4.7 | 3.8 |
| FP Markets | 4XC | AvaTrade | FxPro | FXCC | |
|---|---|---|---|---|---|
| Forex (CFD) | |||||
| Cryptos (CFD)* | |||||
| Stocks (CFD) | |||||
| Indices (CFD) | |||||
| ETFs (CFD) | |||||
| Metals (CFD) | |||||
| Energy (CFD) | |||||
| Commodities (CFD) | |||||
| Bonds (CFD) |
* Availability is subject to local laws and regulations.
| FP Markets | 4XC | AvaTrade | FxPro | FXCC | |
|---|---|---|---|---|---|
| MT4 | |||||
| MT5 | |||||
| Copy trading | |||||
| TradingView | |||||
| cTrader |
| FP Markets | 4XC | AvaTrade | FxPro | FXCC | |
|---|---|---|---|---|---|
| Bank transfer | |||||
| Credit card | |||||
| Debit card | |||||
| NETELLER * | |||||
| Skrill * | |||||
| BTC (Bitcoin) | |||||
| USDT (Tether) | |||||
| Broker to broker transfer |
* Availability is subject to local laws and regulations.
| FP Markets | 4XC | AvaTrade | FxPro | FXCC | |
|---|---|---|---|---|---|
| Australia | |||||
| BVI | |||||
| Bahamas | |||||
| Cook Islands | |||||
| Cyprus (EU) | |||||
| Ireland | |||||
| Israel | |||||
| Japan | |||||
| Kenya | |||||
| Mauritius | |||||
| South Africa | |||||
| St. Vincent & the Grenadines | |||||
| UAE | |||||
| UK | |||||
| Union of Comoros |
Why use an MT4 demo account?
MetaTrader 4 (MT4) remains one of the most popular trading platforms in the world, thanks to its powerful charting tools, lightning-fast execution, and support for automated strategies (Expert Advisors). But the ability to practise for free is one of its most underrated features.
An MT4 demo account allows you to:
- Trade with virtual funds in real-time and with market conditions.
- Test strategies safely without putting your capital at risk.
- Learn how to use MT4 and get comfortable with its tools and layout.
- Evaluate brokers and their execution speeds before committing real money.
How to get started
Getting set up with a free MT4 demo account takes just minutes:
- Choose a broker (we recommend starting with FPMarkets.com or AvaTrade.com).
- Visit their website and register for free. You'll be able to create a demo account after that.
- Download the MT4 platform to your device, and log in with your demo account credentials.
- Start trading with virtual money in real-time market conditions.
Tip: Use your demo account as seriously as you would a live account. This will help build discipline and prepare you for real-money trading.
Conclusion
An MT4 demo account gives you the tools and confidence to succeed, whether you're testing a new broker, experimenting with strategies, or just learning how to trade. Are you ready to get started? If so, visit the top MT4 brokers featured on this page, and open your free demo account today.
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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.