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.
||FCA, SFC, Central Bank of UAE
||CySEC, FCA, FSB, DFSA, SCB
|| ||FIBO Group
||FSC, CySEC, FCA
||CySEC, FCA, IFSC
|| ||Trading Point of Financial Instruments
||ASIC, CySEC, IFSC
||BaFin, CNMV, CySEC, FCA, IFSC
|| ||Admiral Markets
||ASIC, CySEC, FCA, MiFID
||ASIC, CySEC, FCA, FSCA
|| ||City Index
||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.