Forex Demo Accounts
Practice trading with virtual money before risking real capital. Here's what each broker offers and how to make the most of your demo period.
Demo Account Comparison
| Broker | Virtual Balance | Platforms | Duration | Overall Score | |
|---|---|---|---|---|---|
 XM | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 8.5 | Guide → |
 IG | $10,000–$100,000 | IG Platform, MT4 +2 | 30–90 days | 9.2 | Guide → |
 Plus500 | $10,000–$100,000 | Plus500 WebTrader, Plus500 App | 30–90 days | 7.8 | Guide → |
 Pepperstone | $10,000–$100,000 | MT4, MT5 +2 | 30–90 days | 8.5 | Guide → |
 FBS | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 7.2 | Guide → |
 OCTA | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 7.5 | Guide → |
 IC Markets | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 8.8 | Guide → |
 eToro | $10,000–$100,000 | eToro Platform, eToro App | 30–90 days | 7.8 | Guide → |
 Exness | $10,000–$100,000 | MT4, MT5 +2 | 30–90 days | 8 | Guide → |
 FP Markets | $10,000–$100,000 | MT4, MT5 +2 | 30–90 days | 8.2 | Guide → |
 Tickmill | $10,000–$100,000 | MT4, MT5 | 30–90 days | 8.2 | Guide → |
 Admirals | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 8.4 | Guide → |
 FXTM | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 8 | Guide → |
 RoboForex | $10,000–$100,000 | MT4, MT5 +2 | 30–90 days | 7.6 | Guide → |
 Vantage | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 7.8 | Guide → |
 Axi | $10,000–$100,000 | MT4, Axi Copy Trading App | 30–90 days | 8 | Guide → |
 ThinkMarkets | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 8.3 | Guide → |
 Eightcap | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 8 | Guide → |
 FxPro | $10,000–$100,000 | MT4, MT5 +2 | 30–90 days | 8.4 | Guide → |
 Capital.com | $10,000–$100,000 | Capital.com Platform, MT4 +1 | 30–90 days | 8.5 | Guide → |
 AvaTrade | $10,000–$100,000 | MT4, MT5 +3 | 30–90 days | 8.3 | Guide → |
 Oanda | $10,000–$100,000 | fxTrade, MT4 +1 | 30–90 days | 8.4 | Guide → |
 CMC Markets | $10,000–$100,000 | Next Generation, MT4 | 30–90 days | 8.8 | Guide → |
 Saxo Bank | $10,000–$100,000 | SaxoTraderGO, SaxoTraderPRO | 30–90 days | 9 | Guide → |
 Swissquote | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 8.6 | Guide → |
 Forex.com | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 8.5 | Guide → |
 City Index | $10,000–$100,000 | City Index Platform, MT4 | 30–90 days | 8.2 | Guide → |
 IronFX | $10,000–$100,000 | MT4 | 30–90 days | 7.4 | Guide → |
 HFM | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 8 | Guide → |
 Alpari | $10,000–$100,000 | MT4, MT5 | 30–90 days | 6.8 | Guide → |
 BDSwiss | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 7.6 | Guide → |
 Naga | $10,000–$100,000 | NAGA Platform, MT4 +1 | 30–90 days | 7.5 | Guide → |
 Skilling | $10,000–$100,000 | Skilling Trader, MT4 +1 | 30–90 days | 7.8 | Guide → |
 XTB | $10,000–$100,000 | xStation 5, xStation Mobile | 30–90 days | 8.6 | Guide → |
 Libertex | $10,000–$100,000 | Libertex Platform, MT4 +1 | 30–90 days | 7.4 | Guide → |
 JustMarkets | $10,000–$100,000 | MT4, MT5 | 30–90 days | 7.2 | Guide → |
 Deriv | $10,000–$100,000 | DTrader, DBot +2 | 30–90 days | 7 | Guide → |
 GO Markets | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 7.8 | Guide → |
 BlackBull Markets | $10,000–$100,000 | MT4, MT5 +2 | 30–90 days | 8 | Guide → |
 Fusion Markets | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 8.1 | Guide → |
 Global Prime | $10,000–$100,000 | MT4, cTrader | 30–90 days | 7.9 | Guide → |
 Scope Markets | $10,000–$100,000 | MT4, MT5 | 30–90 days | 7.2 | Guide → |
 Errante | $10,000–$100,000 | MT4, MT5 | 30–90 days | 7.3 | Guide → |
 LMAX | $10,000–$100,000 | LMAX Global | 30–90 days | 8.8 | Guide → |
 Dukascopy | $10,000–$100,000 | JForex, MT4 | 30–90 days | 8.5 | Guide → |
 Interactive Brokers | $10,000–$100,000 | TWS, IBKR Mobile +1 | 30–90 days | 9.2 | Guide → |
 Trading 212 | $10,000–$100,000 | Trading 212 App | 30–90 days | 8.3 | Guide → |
 Equiti | $10,000–$100,000 | MT4, MT5 | 30–90 days | 7.8 | Guide → |
 Multibank Group | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 8 | Guide → |
 Moneta Markets | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 7.5 | Guide → |
 ACY Securities | $10,000–$100,000 | MT4, MT5 | 30–90 days | 7.6 | Guide → |
 Blueberry Markets | $10,000–$100,000 | MT4, MT5 | 30–90 days | 7.3 | Guide → |
 FXOpen | $10,000–$100,000 | MT4, MT5 +1 | 30–90 days | 7.8 | Guide → |
 FXGT | $10,000–$100,000 | MT5 | 30–90 days | 7.2 | Guide → |
 Orbex | $10,000–$100,000 | MT4 | 30–90 days | 7 | Guide → |
 Squared Financial | $10,000–$100,000 | MT4, MT5 | 30–90 days | 7.1 | Guide → |
 Tio Markets | $10,000–$100,000 | MT4 | 30–90 days | 7.4 | Guide → |
 Weltrade | $10,000–$100,000 | MT4, MT5 | 30–90 days | 6.5 | Guide → |
 Exinity | $10,000–$100,000 | MT4, MT5 | 30–90 days | 7.7 | Guide → |
 IQ Option | $10,000–$100,000 | IQ Option Platform | 30–90 days | 7.3 | Guide → |
 Forex4you | $10,000–$100,000 | MT4, MT5 | 30–90 days | 6.4 | Guide → |
 Markets.com | $10,000–$100,000 | Markets.com Platform, MT4 +1 | 30–90 days | 7.8 | Guide → |
 Colmex Pro | $10,000–$100,000 | Colmex Pro Platform | 30–90 days | 7 | Guide → |
 TopFX | $10,000–$100,000 | MT4, cTrader | 30–90 days | 7.9 | Guide → |
 FreshForex | $10,000–$100,000 | MT4, MT5 | 30–90 days | 6.2 | Guide → |
 JFD Brokers | $10,000–$100,000 | MT4, MT5 | 30–90 days | 7.5 | Guide → |
 Darwinex | $10,000–$100,000 | MT4, MT5 | 30–90 days | 7.6 | Guide → |
 Moomoo | $10,000–$100,000 | Moomoo App | 30–90 days | 7.7 | Guide → |
 Webull | $10,000–$100,000 | Webull App | 30–90 days | 7.5 | Guide → |
 Lightspeed | $10,000–$100,000 | Lightspeed Trader, Sterling Trader Pro | 30–90 days | 7.4 | Guide → |
Individual Demo Guides
XM
XM is a well-regulated broker known for its excellent education, $5 minimum deposit, and reliable MetaTrader execution across 1,000+ instruments.
IG
IG is a premium broker with 50+ years of experience, 17,000+ markets, and an exceptional proprietary platform backed by top-tier global regulation.
Plus500
Plus500 is a publicly listed CFD broker offering a simple, commission-free platform with strong multi-regulator oversight and 2,800+ instruments.
Pepperstone
Pepperstone offers raw spreads from 0.0 pips, four platform choices, and strong ASIC/FCA regulation with no minimum deposit requirement.
FBS
FBS offers a $5 minimum deposit, up to 1:3000 leverage, and multiple account types including a Cent account for micro-lot trading.
OCTA
OCTA offers commission-free trading with a proprietary OctaTrader platform featuring built-in copy trading and CySEC regulation.
IC Markets
IC Markets delivers institutional-grade execution with raw spreads from 0.0 pips, $15B+ daily volume, and ASIC/CySEC regulation.
eToro
eToro pioneered social trading with CopyTrader, offering stocks, crypto, and forex in one platform with 30M+ users and strong regulation.
Exness
Exness combines instant withdrawals, $1 minimum deposit, and competitive raw spreads with strong FCA/CySEC regulation and massive monthly volume.
FP Markets
FP Markets offers raw spreads, four platform choices including DMA stock trading via IRESS, and 20 years of ASIC/CySEC-regulated operations.
Tickmill
Tickmill is an ECN broker known for ultra-low trading costs, raw spreads from 0.0 pips, and solid CySEC/FCA regulation across 500+ instruments.
Admirals
Admirals (formerly Admiral Markets) offers 4,000+ instruments with the enhanced MetaTrader Supreme Edition and triple CySEC/FCA/ASIC regulation.
FXTM
FXTM offers accessible trading with a $10 minimum deposit, copy trading, and strong CySEC/FCA regulation across forex and CFD markets.
RoboForex
RoboForex provides 12,000+ instruments across four platforms including cTrader and the proprietary R StocksTrader with CySEC/IFSC regulation.
Vantage
Vantage is an ASIC-regulated ECN broker offering raw spreads from 0.0 pips, fast execution, and competitive pricing across 1,000+ instruments.
Axi
Axi is a triple-regulated broker with no minimum deposit, raw ECN spreads, and built-in copy trading backed by ASIC, FCA, and DFSA oversight.
ThinkMarkets
ThinkMarkets combines its proprietary ThinkTrader platform with MT4/MT5, no minimum deposit, and ASIC/FCA/CySEC regulation across 4,000+ instruments.
Eightcap
Eightcap stands out with TradingView integration, raw spreads from 0.0 pips, and ASIC/CySEC regulation across 800+ instruments including crypto CFDs.
FxPro
FxPro offers four trading platforms including its proprietary FxPro Edge, NDD execution, and strong CySEC/FCA regulation across 2,100+ instruments.
Capital.com
Capital.com offers an AI-powered trading platform with 6,400+ commission-free instruments, strong quad-regulation, and a low $20 minimum deposit.
AvaTrade
AvaTrade is one of the most widely regulated brokers globally, offering MT4/MT5, proprietary apps, options trading, and copy trading since 2006.
Oanda
Oanda is a veteran forex broker with nearly 30 years of history, top-tier FCA/ASIC/MAS regulation, premium analytics, and no minimum deposit.
CMC Markets
CMC Markets is a 35-year veteran offering 10,000+ instruments through its award-winning Next Generation platform with FCA/ASIC/BaFin regulation.
Saxo Bank
Saxo Bank is a premium licensed bank offering 72,000+ instruments, award-winning proprietary platforms, and top-tier FCA/DFSA/MAS regulation.
Swissquote
Swissquote is a FINMA-regulated Swiss bank offering premium trading with the highest regulatory safety standards and 3,000+ instruments.
Forex.com
Forex.com, owned by StoneX Group, offers 5,000+ instruments with a proprietary platform, DMA trading, and strong FCA/ASIC/CySEC regulation.
City Index
City Index is a 40-year veteran broker under the StoneX umbrella, offering 4,500+ markets through its proprietary platform with FCA regulation.
IronFX
IronFX offers multiple account types including zero spread and STP/ECN options on MT4, with CySEC/FCA/FSCA regulation across 500+ instruments.
HFM
HFM (formerly HotForex) offers accessible trading from $5, quad-regulation, copy trading, and multiple account types across 1,200+ instruments.
Alpari
Alpari is one of the oldest forex brokers with 25+ years of history, offering accessible $5 accounts, but operates under offshore regulation only.
BDSwiss
BDSwiss is a CySEC-regulated broker offering MT4, MT5, and its proprietary mobile app with a $10 minimum deposit and multiple account types.
Naga
Naga is a CySEC-regulated social trading broker with a modern proprietary platform, copy trading features, and access to stocks, crypto, and CFDs.
Skilling
Skilling is a CySEC-regulated broker offering three trading platforms including cTrader, with competitive raw spreads starting from 0.1 pips.
XTB
XTB is a publicly traded, FCA-regulated broker with the award-winning xStation 5 platform, no minimum deposit, and one of the best trading education programs in the industry.
Libertex
Libertex is a CySEC-regulated broker known for its zero-spread, commission-based trading model with a simple proprietary platform and low $10 minimum deposit.
JustMarkets
JustMarkets offers one of the lowest entry barriers in the industry with a $1 minimum deposit, up to 1:3000 leverage, and raw spread accounts on MT4/MT5.
Deriv
Deriv (formerly Binary.com) is a pioneer in online trading with over 20 years of operation, offering binary options, synthetic indices, and CFDs across multiple proprietary platforms.
GO Markets
GO Markets is an ASIC-regulated Australian broker with raw spreads from 0.0 pips, cTrader support, and a solid 18-year track record in the industry.
BlackBull Markets
BlackBull Markets is an FMA-regulated New Zealand broker offering ECN pricing, TradingView integration, and over 26,000 instruments with no minimum deposit.
Fusion Markets
Fusion Markets is an ASIC-regulated broker famous for ultra-low commissions at just $2.25 per lot, making it one of the cheapest brokers globally.
Global Prime
Global Prime is an ASIC-regulated ECN broker offering transparent raw pricing, no minimum deposit, and reliable execution for cost-conscious traders.
Scope Markets
Scope Markets is a CySEC-regulated broker with a strong presence in African markets, offering MT4/MT5 trading with competitive spreads.
Errante
Errante is a CySEC-regulated broker offering raw spreads, multiple account types, and crypto deposits with a $50 minimum entry point.
LMAX
LMAX is an FCA-regulated exchange offering institutional-grade execution with no last look, ultra-tight spreads, and a transparent order book for serious traders.
Dukascopy
Dukascopy is a FINMA-regulated Swiss bank offering institutional-grade trading through its proprietary JForex platform with tight spreads and top-tier fund security.
Interactive Brokers
Interactive Brokers is one of the world's largest and most regulated brokers, offering access to 150+ markets, all asset classes, and professional-grade tools at industry-leading low costs.
Trading 212
Trading 212 is an FCA-regulated broker offering commission-free stock investing, fractional shares, and a beautifully designed app with just a $1 minimum deposit.
Equiti
Equiti is a DFSA and FCA-regulated broker with a strong focus on the MENA region, offering raw spreads, institutional accounts, and multilingual Arabic support.
Multibank Group
Multibank Group is a multi-regulated broker with ASIC and BaFin licenses, offering ECN execution, raw spreads, and a daily trading volume exceeding $1 billion.
Moneta Markets
Moneta Markets is an ASIC-regulated Australian broker offering ECN pricing with raw spreads, multiple account types, and a user-friendly mobile trading app.
ACY Securities
ACY Securities is an ASIC-regulated ECN broker based in Sydney offering raw spreads from 0.0 pips, MT4/MT5 platforms, and over 2,200 instruments with a $50 minimum deposit.
Blueberry Markets
Blueberry Markets is an ASIC-regulated Australian broker offering competitive ECN pricing through MT4/MT5 with a focus on forex and CFD trading.
FXOpen
FXOpen is a triple-regulated broker (FCA/ASIC/CySEC) with over 20 years of operation, offering ECN trading through MT4, MT5, and its proprietary TickTrader platform from just $1.
FXGT
FXGT is a CySEC/FSA-regulated broker with a strong crypto focus, offering MT5 trading with leverage up to 1:1000 and a $5 minimum deposit.
Orbex
Orbex is a CySEC-regulated broker based in Limassol offering MT4 trading with competitive spreads across forex, commodities, and indices.
Squared Financial
Squared Financial is a CySEC-regulated broker operating since 2005, offering MT4/MT5 trading with raw spreads and a range of forex and CFD instruments.
Tio Markets
Tio Markets is an FCA/CySEC-regulated broker headquartered in London, offering MT4 trading with competitive ECN spreads and a $50 minimum deposit.
Weltrade
Weltrade is an offshore broker offering high leverage and low minimum deposits through MT4/MT5, primarily targeting cost-sensitive traders.
Exinity
Exinity is a triple-regulated broker (FCA/CySEC/FSA) offering accessible trading through MT4/MT5 with a low $10 minimum deposit and 500+ instruments.
IQ Option
IQ Option is a CySEC-regulated broker known for its sleek proprietary platform, options trading focus, and accessible $10 minimum deposit.
Forex4you
Forex4you is an offshore broker offering ultra-low minimum deposits, cent accounts, and copy trading through its Share4you platform.
Markets.com
Markets.com is a triple-regulated broker offering 2,500+ instruments through its proprietary platform and MetaTrader, with strong research tools.
Colmex Pro
Colmex Pro is a CySEC-regulated DMA broker offering direct market access to 5,000+ instruments including real stocks through its proprietary platform.
TopFX
TopFX is a CySEC/FCA-regulated ECN broker offering raw spreads from 0.0 pips through MT4 and cTrader with no minimum deposit requirement.
FreshForex
FreshForex is an offshore broker with over 20 years of history, offering ultra-high leverage, ECN pricing, and a $1 minimum deposit.
JFD Brokers
JFD Brokers is a CySEC/BaFin-regulated DMA+ broker offering transparent pricing across 1,500+ instruments through MT4 and MT5.
Darwinex
Darwinex is an FCA-regulated broker and asset manager offering a unique platform where traders can attract investor capital through the DARWIN fund system.
Moomoo
Moomoo is an ASIC/MAS-regulated stock trading platform offering commission-free trades, powerful research tools, and access to global stock markets.
Webull
Webull is a commission-free stock trading platform with an excellent mobile app, advanced charting, and access to US stock markets with no minimum deposit.
Lightspeed
Lightspeed is an FCA-regulated broker built for active day traders, offering professional-grade DMA platforms with low per-share pricing and a $10,000 minimum deposit.
Why Use a Demo Account?
A demo account gives you a risk-free environment to learn the platform, test strategies, and build confidence before committing real money. Every serious trader should spend time in demo mode — even experienced ones use demos to test new approaches.
That said, demo trading has limits. You won't feel the psychological pressure of real money on the line, and execution conditions can differ slightly. Use demo to learn the mechanics, then transition to a small live account when you're ready to experience real market conditions.
What to Focus On During Your Demo
- Platform navigation — learn where everything is before real money is involved
- Order types — practice market orders, limit orders, stop losses, and take profits
- Position sizing — get comfortable calculating lot sizes and managing risk
- Strategy testing — run your trading plan through different market conditions
- Routine building — develop your pre-trade checklist and daily analysis habits