FOREX Demo Account | List Of The Best Forex Demo Accounts

In fact, most FOREX brokerage firms offer demo accounts in one way or another, so you can rest assured that you can only enter the market when you feel wholly prepared. Listed above we have the Best Forex Demo accounts.

#	Forex Broker		Year	Regulator
1		ADSS	2011	FCA, SFC, Central Bank of UAE
2		FxPro	2006	CySEC, FCA, FSB, DFSA, SCB
3		FIBO Group	1998	FSC, CySEC, FCA
4		FXTM	2011	CySEC, FCA, IFSC
5		Trading Point of Financial Instruments	2018	FCA
6		XM	2009	ASIC, CySEC, IFSC
7		XTB	2002	BaFin, CNMV, CySEC, FCA, IFSC
8		Admiral Markets	2001	ASIC, CySEC, FCA, MiFID
9		Marketscom	2008	ASIC, CySEC, FCA, FSCA
10		City Index	1983	ASIC, FCA, FSA, IIROC, MAS, NFA

Practice Practice Practice Lets You Get Familiarized With The Market. Beginner traders are still the main target audience of a FOREX demo account. Therefore, you are able to know the ups and downs of the market. The theory you learn is a huge part of starting a FOREX career, but it cannot really compete against facing the real behaviour and volatility of the FOREX industry, thus this is the next step to starting your career. The Hidden Drawback of a FOREX Demo Account. Despite all the praise these accounts deserve, there is one notoriously big drawback to it: It provides an approach that is so safe that it may distort how the market actually works. The end result, if you are not careful, is that you can end up thinking that the market is as easy or relaxed as your experience with a demo account, but the first real margin call will shut it down. Be mindful that a FOREX demo account is oriented towards a safe approach, and that means that is not 100% accurate.

Still not sure which broker? For a tailored recommendation, you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.