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Forex Brokers With Free Demo Accounts

Written by Aboutcurrency    

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

FXCM provides free practice accounts. Live buy & sell prices. Place trades directly for the charts. $50,000 of virtual money. Demo accounts are valid for 30 days.
Yes

Forex.com offers $50,000 forex practice accounts for 30 days. Metatrader 4 practice account availble.
Yes

Hotforex offers two types of demo accounts: DemoHotForex and DemoCurrenex. Demo accounts are valid for 30 days.
Yes

FXGM offers $100,000 free forex demo account with free real-time charts.
Yes

XEMarkets 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

SunbirdFX offers free a practice account on a variety of trading platforms, including Metatrader 4. Try out the new Metatrader 5 platform.
Yes

Markets offers a free $100,000 demo account with real-time quotes and charts.
Yes

Finexo offers a $100,000 practice account with the ability to trade forex & CFDs.
Yes

eToro provides a risk-free demo account. Easy sign up using Facebook, Twitter, Linkedln, Google, Yahoo and Live.
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.
  • Trade under real market conditions.

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FXCM - Online Currency Trading  Free $50,000 Practice Account
Free 30 Day Forex Practice Account With Forex Capital Markets

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Risk Disclosure: Trading forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.