Best forex demo account brokers

I believe that it is absolutely correct to start trading with a demo account, this is a well-considered decision.

I have demo accounts everywhere. I will often perform the same trades on different brokers to see how they compare. Currently testing at ICM, Oanda and EagleFX

Most of the brokers offer a demo account but we should choose a broker after research. The broker should be reliable and trusted.

Thanks to all for suggetions

Make sure to choose a Broker that offers consistent support and educational materials; one suggestion would be FP Markets because they have an informative Education centre and a separate blog that will help beginners vent into forex.

there are lots of brokers with unlimited demo

Even so, with a decent win rate and risk/reward ratio, a dedicated forex day trader with a decent strategy can make between 5% and 15% per month, thanks to leverage. Remember, you don't need much capital to get started; $500 to $1,000 is usually enough.

Treeny posted:
I have demo accounts everywhere. I will often perform the same trades on different brokers to see how they compare. Currently testing at ICM, Oanda and EagleFX

I think demo is the best place to learn.

I agree with Kenkatzia. Any broker can give you as many demo accounts you want with 0 spreads and wouldn't care because it won't cost them a cent. Where it really counts is how it performs in the real world and you'll see how generous spread wise they are with real money. I have my EA with several brokers using real money on a VPS and the results differ from each other.

A good forex demo account will allow you to get experiences of trading without any risks.

Most brokers offer demo accounts so the main think I would look at is which trading platform you wanted to use, like MT4 or MT5, etc.

@skihav Yes the purpose of demo is to make new people familiar with trading system. At the same time, demo account can be used to test our strategy.

ridarida posted:
try ICMarket great

Agree with you

AliaDare posted:
A demo account is a right platform for trading practice. Where skills can be developed. So every trader needs to practice demo.

Deffiently need to practise on demo first

I find micro accounts better than demo accounts for practice because this is how to properly learn to execute orders, manage money as well as emotions in the real market conditions. So my advice is using a minimum deposit broker like Turnkeyforex or Cedarfx.

From my personal experience I will say that the demo account from Amarkets was enough for me and the analytics helps a lot

If you are a complete beginner in Forex, you should use something that is user-friendly and easy to use.

reece22 posted:

AliaDare posted:
A demo account is a right platform for trading practice. Where skills can be developed. So every trader needs to practice demo.

Deffiently need to practise on demo first

Of course, the demo helps to develop trading skills. And beginner traders should not trade live without demo practice.

78678676 posted:
All the brokers offer a demo account. Try out fxview and IC markets. You won’t be disappointed with their demo accounts. They are exacts replicas of their live accounts.

Fx view is fantastic