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

Practice Forex Trading Risk Free with a Demo Account

Practice Forex Trading Risk Free with a Demo Account

Not many industries are more misunderstood than the online Forex industry. My relationship to online Forex has changed so many times. At the very beginning it seemed impossible to understand and extremely difficult to get into. Then it seemed like a game where the odds were stacked against me, th...…

Published: Tuesday 27 October, 2015