A free forex demo account allows you to practice forex in a live trading environment. You can test your FX skills, try out new trading strategies, systems and trading platforms without any financial risk involved. The table below provides you with a list of reputable forex brokers with totally free practice accounts.
Broker
Features
Demo Trading
More
XM provides non-expiring practice accounts with $100,000 virtual funds. Get access to real-time charts and rates. Choose from 7 trading platforms, including Metatrader 4.
Yes
Hotforex offers two types of demo accounts: DemoHotForex and DemoCurrenex. Demo accounts are valid for 30 days.
Yes
Why apply for a forex demo account?
Forex demo trading is great to get started in currency trading with no money at risk. It is the only way to test a forex broker's trading platform under real market conditions before you decide to open a live trading account. You can open a free demo in less than a minute and be up and running with the broker's platform in less than 10 minutes.
A practice account allows you to:
Test and learn the broker's trading platform with no obligation.
Learn to trade forex without any risk.
Test your trading strategies with real-time data and charts.
