XM Group provides traders with a large selection of assets to choose from and is regulated by some of the most respected financial bodies in the sector. FXPro is a global broker and has a head office located in the UK. With FXPro , the minimum and maximum trade requirements vary depending on the trader and the instrument and the broker offers support in a very wide range of languages including Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese.

The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators.

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XTB is a trusted multi-asset broker regulated in several major financial centres and provides a well-rounded, competitive offering including excellent customer service and the xStation 5 trading platform. XTB was founded in and is publicly-traded and regulated in one tier-1 jurisdiction, making it a low-risk broker for forex and CFDs trading. XTB offers traders a Standard for UK and Ireland residents only and a commission-based Pro account and each account will come with its own execution method and spread model, in terms of commissions and fees.

The xStation 5 is the primary platform offering alongside the full MetaTrader 4 suite. Since xStation 5 does not support automated trading, MT4 must be used. A Mobile trading option is also on offer. Regardless of the platform a trader chooses to use, the trading cost at Vantage FX depends on the account opened and seeing that Vantage FX is a MetaTrader broker, iOS and Android versions of the MT4 app come standard and are both available for download from the Apple iTunes store and Google Playstore, respectively.

Plus is a top CFD provider which offers traders over 2, instruments available for trading in a demo account. CFDs on 70 forex currency pairs, as well as on stocks, cryptocurrencies, exchange-traded funds ETFs , indices and options. Plus was founded in with over , active customers to date and is a leader in the CFD trading industry with a simple to use trading platform, and appealing trading conditions. There are two account types on offer — a demo account with play money, and a live account where clients will need to deposit real funds once the account is verified.

IC Markets is based in Australia and offers traders the lowest brokerage fees including:. Commissions Offered by IC Markets. Forex traders in Nigeria can receive some of the lowest commissions from IC Markets including:.

There is no commission for the standard account commission-free account. Spread Bets are only available to UK customers trading and Markets. Traders can trade in a wide variety of instruments and currency pairs. CMC Markets offer:. CMC Markets specialise in trading forex with over forex pairs but this is not the only CFDs financial markets traders can trade.

However a Forex trader who uses advanced strategies such as algorithmic trading may want to use platforms provided by ECN Forex brokers.

One point about these demo accounts is that to get both real and demo means that the trader has to sign up for a real account, which requires a full application, rather than the much shorter application normally required by a demo account. They do not however necessitate depositing money to use the demo account and may have a simplified application just for this initial functionality , but the trader must deposit at least the minimum deposit to use the real account. The demo account can be a way firstly for the trader to familiarise themselves with the trading platform provided by the broker and secondly to practice trading before, and after using the real account.

This kind of iterative approach to Forex trading can be useful - moving from demo to real and back to demo again, perhaps allied with continuing trader education. Having a demo and real account on the trading platform may help facilitate this process and encourage the use of a demo account.

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A demo account is not simply for beginners and can be used by traders who are experienced as it allows them to test out approaches to trading. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use is contrary to the local laws and regulations. Products and Services offered on this website is not intended for residents of the United States.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. By using this website and or its services, you agree that neither MultiBank Group nor any of its affiliates and service providers will be held responsible for the accuracy of any information available on this site.

Although information on this site is provided in good faith and is believed by MultiBank Group or its affiliates to be accurate, there are no explicit or implicit warranties of accuracy or timeliness made by MultiBank Group or its affiliates and service providers regarding this information.

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Furthermore, in visiting this site and in opening an MultiBank Group or its affiliates Forex trading account you agree not to hold MultiBank Group or any of its affiliates and service providers liable for any decisions you may make based on the information you obtain on this website or websites we link to. It is recommended that you make your decisions only after you have reviewed information and collected opinions from several credible sources and have verified ALL facts you need to know about Forex trading from other independent sources.

MultiBank Group and its web hosting providers and its affiliates shall in no event be liable for any damages and or loss resulting from interruption of website service or the inability to use our website. Unless stated otherwise, material on this site is copyright of MultiBank Group. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary.

ActivTrades Corp is an international business company registered in the Commonwealth of the Bahamas, registration number B. Foundation Year : With over a decade of experience, GO Markets has grown to become a leading broker with a huge client base from over countries. It also holds an Australian Financial Services Licence and segregates client funds from its own, holding them with tier 1 Australian banks Westpac and National Australia Bank.

This can be done from 2 types of trading accounts.

Benefits of Using a Forex Trading Demo Account -

Vincent and the Grenadines. Novice traders are best starting off at OctaFX using MetaTrader 4, which supports micro accounts and demo trading accounts. OctaFX supports 28 currency pairs with leverage up to for currencies. Different leverage is available for metals, indices, and crypto trading. Headquarters : Warsaw, Poland. For Forex, XTB supports 48 currency pairs with low-cost spreads.

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For leverage accounts, this brokerage offers leverage of up to XTB was founded in with headquarters in Warsaw. XTB has a free demo account and a Trading Academy set of courses for beginner and intermediate traders. They also offer a demo trading account and Islamic swap-free account. ActivTrades was founded in and was recognised by the Sunday Times Fast Track as the 90th fastest growing company in the UK for This brokerage offers a massive range of tradable assets through Forex, CFD, and share trading accounts. You can trade 45 currency pairs with competitive spread or commission pricing.

FP Markets was founded in and is headquartered in Sydney, Australia. Demo accounts are available. While it is suitable for beginners, education resources are limited. Spreads are competitive across all platforms with hour trading open 5 days per week. However, the brokerage firm also maintains offices in several jurisdictions such as Australia and South Africa. FXCM focuses on catering to the trading needs of both beginner traders and experienced traders by offering the ability to trade on a wide variety of markets such as Forex, Indices, Cryptocurrencies and Commodities.

They have a selection of trading platforms, including demo trading accounts, as well as in-depth education and market research. Regardless of whether you are a beginner trader with no real world experience of using trading platforms or an experienced trader looking for a new broker, it is always best to start out by opening a Forex demo account where possible. But more importantly, a Forex demo account lets you test out your trading knowledge in a totally risk free trading environment. In addition, it lets you try out all other services which the broker is offering.

However to find the best forex demo account alone may require some patience as it entails you opening several demo forex accounts with a few different forex brokers. Otherwise you can take a look at our definitive list of best Forex Demo Account Brokers which we have evaluated based on a variety of factors including usability of the demo account, and broker integrity, plus additional broker offering.

A forex demo account is a trading account which allows the account holder to experience trading the forex market using virtual cash instead of real money. It is offered by most forex brokers to give potential clients a simulated experience of what it will be like trading the forex market. Due to the fact that the forex market is a decentralized market, most forex brokers have their own price feeds disseminated through their own trading platforms.

Some of these trading platforms are proprietary and have their own specific strengths and weaknesses. Because forex demo accounts are supposed to simulate how trading live will be feel like with a real money trading account, they are basically the same in every aspect as with a real account trading platform with the only exception being the fact that virtual cash is used to make a trade.

The price quotes and charts used are as what the traders will be getting when they start to trade the forex market with real money. A forex demo account basically is designed to serve 2 primary purposes.

Best 10 Forex Demo Accounts for Beginners And Experienced Traders

Secondly, it serves as a testing ground for experienced traders to test out their trading strategies before implementing the strategies in a live trading scenario. Hence, the layout and various functionalities of the demo platform will be same as what traders will find when they switch to live trading. To properly evaluate a demo trading platform, you should check the demo platform for the following:. Different trading platforms have different ways of presenting the various functionalities of the trading platforms.

For example, some trading platforms have a basic layout that focuses on mainly order entries, price quotes and transactions reporting. Other trading platforms on the other hand may take a more integrated approach where the trading charts, price quotes and trade history are all displayed on a single trading screen.

The trading platform represents your gateway to the forex market.