Forex Demo Account
Starting to operate on the financial market with a Forex Demo Account is always a good idea: the Demo mode allows you to experience online trading on Forex (or on any other financial market) without any type of risk.
However, not all demos are the same: some of them are free and some are not, some are available only for those who made a deposit and others are not. Finally, not all Forex Brokers are the same. Many beginners who start Forex Trading with a demo then start trading with real money when they have accumulated enough experience.
It is therefore useful to use the demos only of valid brokers with whom we would like to use in the future also with real money.
For this reason, we have prepared this free guide that explains in detail, which are the best Forex Demos available today on the web.
Index
Best Forex Demo brokers
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Platform: etoro Min. Deposit: 50€ License: Cysec |
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Platform: xtb Min. Deposit: 100€ License: Cysec |
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Platform: iqoption Min. Deposit: 50€ License: Cysec |
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Platform: ubrokers Min. Deposit: 250€ License: Cysec |
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Platform: trade Min. Deposit: 100€ License: Cysec |
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72.30% of retail CFD accounts lose money
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Platform: forextb Min. Deposit: 250€ License: Cysec |
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The ranking above contains the best Forex Demos without deposit. We selected only brokers that allow you to start operating in demo mode with these conditions:
- No costs or commissions fees
- No obligations or constraint
- No deposit required to access to Demo mode
Furthermore, precisely because we know that, very often, the broker used in demo mode is also used for real trading, we have selected exclusively Forex Brokers:
- Reliable and Safe
- Easy to use, even for beginners
- Without commissions
- With advantageous spreads
- With valuable support tools for traders
Let’s see in detail the reviews of these brokers.
eToro
eToro is a truly reliable, safe and easy to use forex broker. In fact, we can say that eToro is much more than a simple forex broker: it is the first social trading platform in the world.
Thanks to eToro not only is it possible to trade on forex and on all the main financial markets (stocks, commodities, cryptocurrencies) but it is even possible to copy, in a completely automatic way, what the best traders in the world do.
With the patented Copytrading system it is possible to identify the traders who in the past have earned the maximum profits with the minimum risk. These traders can be selected and it will be the software that will take care of replicating all their operations in real time.
Those who copy do absolutely nothing, only initially select the traders to copy and monitor the results obtained day after day.
Many beginner traders use eToro for the advantages of automated trading: they can immediately get the same results as the best traders in the world and can learn by observing what they do.
The eToro forex demo is available for everyone, free of charge and without any kind of constraint. Many subscribers simply use it to verify that Copytrading really works and when they are sure of it, they switch to real money account.
You can sign up for free on eToro by clicking here!You can read more about eToro in our full eToro review.
ForexTB
ForexTB is a very easy to use, reliable and safe broker. Many beginners use ForexTB because they appreciate the phone support that is really out of the ordinary: all members are assisted by a real forex expert who provides directions and advice!
In addition, all members can download one of the best forex courses available for Free: it is a completely free course, very practice-oriented and easy to read. These features quickly made it one of the most popular forex courses in Europe, with hundreds of thousands of downloads.
You can download the ForexTB course for free by clicking hereForexTB offers a Free forex demo account which all members can access. Using the demo to put the advice received, on the phone by the expert or the concepts studied in the free course, into practice is an excellent idea to quickly achieve spectacular results.
You can sign up for free on ForexTB by clicking hereYou can read more about ForexTB in our full review here.
Iq Option
Iq Option is a forex broker highly appreciated by beginners for two fundamental reasons: it is very simple to use and you can even start with just 10 euros.
The other high quality brokers usually ask for 250 euros to start: Iq Option much less. This is why so many beginners are using their Iq Option to begin with.
The Iq Option educational tools are also very good: members can access the teaching area of the official website with hundreds of valuable video courses that explain online trading from the basics to the most profitable trading strategies.
The demo of Iq Option is completely free, without restrictions or obligations and is available immediately after free registration.
You can sign up for free on Iq Option by clicking here.If you want to know more about this broker, you can read our full review.
Trade.com
Trade.com is a free, commission-free forex broker and particularly popular with beginners.
It offers a free and unconstrained demo. Of course, registration and use of the real money trading platform is also free of charge.
Trade.com stands out for a personalized training service that offers free educational tools to all its members. The service is provided through forex experts who call beginner traders on the phone and patiently explain to them the best strategies and techniques for forex trading.
You can sign up for free on Trade.com by clicking hereIf you want you can read our full review of Trade.com here.
How to best use the Forex Demo mode
Up to now we have presented some of the best forex demos available today on the web.
But what is the most profitable use of these demos? We can say that there are two great objectives that can be achieved with a demo:
- Test a Forex broker
- Learn Forex trading and accumulate experience
As for the first point, becoming familiar with the broker before starting to trade with real money is a very important activity, but usually it does not take much time. In any case, even experts do some demo operations when trying out a new forex broker, not just beginners.
The aspect that most interests those who start forex trading for the first time is the ability to learn by trading.
There are many beginners who can experiment with forex trading techniques and strategies thanks to the demos.
The most intelligent choice is to accompany the demo trading with the study of a good trading book.
Forex, Demo and psychology
Be careful though: a forex demo does not teach everything you need to know to be successful with trading.
Surely, when trading in demo mode, you understand much better all the technical details, but you don’t learn to dominate the emotions.
The psychological aspect of trading is really very important but it is often completely overlooked by beginners.
When trading forex, greed and fear of losing money can play bad jokes and it is essential to learn how to master these emotions. Unfortunately it is not possible to learn to dominate emotions by trading in demo mode.
That’s why, sooner or later, those who want to learn must make a deposit and start trading in real money mode.
In any case, the best forex brokers that we recommended in this article allow you to start with really small amounts (from 10 to 250 euros).
Unlimited Forex Demo Account
All the demos we selected and reviewed here are unlimited. This means that they can be used for as long as necessary, without any kind of limits or constraints.
It is a very important factor that has influenced a lot in our choice: some forex platforms use the technique of the limitation of the demo to induce users to make a deposit.
Being able to do all the necessary experiments, however, is a good advantage. Obviously, demo accounts are loaded with a certain amount of virtual money, often 10,000 euros.
What happens if the virtual account reaches zero? From a practical point of view, nothing to worry about. Just contact the support service to get another 10,000 virtual euros added.
The forex demo is truly unlimited but there is a consideration: if you have burned an account of 10,000 euros in the demo, bringing it to 0, there are two options.
- The user is considering the forex demo as a kind of game, with zero commitment and zero study. Everyone can play as they see fit (forex can be fun) but here, on OnlineTradingCourse.net, we take care of those who want to make money by trading, not those who want to play.
- The user is not suitable for trading and it is better for him to stop. If he committed himself, studied and managed to lose € 10,000 in demo, it means that trading is not for him. After all, not everyone can get rich or live thanks to trading.
It is clear that even if the demo account is unlimited, it does not make sense to operate in demo too long, we have already explained it. Unless you’re playing forex trading …
As we have already explained, those who want to get serious, must switch to real money as soon as possible: it is the only way to learn the psychology of forex!
Forex Demo without registration
Some beginners try forex demos without registration. Do they really exist? All the best brokers we have reviewed in this guide require registration that can be done very quickly.
Forex simulations that work well and are available without registration do not exist.
Those who want to use a Forex demo, therefore, should have a bit of patience and take a few seconds to register for Free.
Among other things, registration is also valuable for those who then decide to start trading with real money: better to trade with the broker that you learned about in demo, the statistics say that the results are much better.
Conclusions
Starting forex trading using a demo is a great idea because it allows you to accumulate valuable experience before doing real trading with real investments.
In this guide we have presented some of the best forex brokers with free demo and no deposit.
Below, the complete summary with the best demos available for forex beginners (free and without deposit):
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Platform: etoro Min. Deposit: 50€ License: Cysec |
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Platform: xtb Min. Deposit: 100€ License: Cysec |
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Platform: iqoption Min. Deposit: 50€ License: Cysec |
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Platform: ubrokers Min. Deposit: 250€ License: Cysec |
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Platform: trade Min. Deposit: 100€ License: Cysec |
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72.30% of retail CFD accounts lose money
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Platform: forextb Min. Deposit: 250€ License: Cysec |
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Yes, it allows you to experiment, with risk-free, trading techniques and strategies.
In our experience, probably the one offered for free by theeToro forex broker.
Unfortunately not. In any case, the best forex brokers require a very fast registration.
With the best brokers, there are no commissions or costs. In addition, the best brokers, that we have selected, do not impose any kind of obligation on registered traders who use the demo mode.
