Best forex demo account brokers

@Davidfx89 In demo account, you can test your strategy to find out the winning percentage and risk reward ratio. We can not test any strategy directly to live account without knowing properly.

I believe that here it is better for a trader to try his hand with any company, and then draw conclusions.

Most brokers offer demo accounts. The only differences would be that certain aspects like the spread may differ based on the broker.
I started trading on a demo with CedarFX on MT4 and switched to a live account later on. Never had any issues with the demo account, and support is online 24/7 so I suppose that could be helpful if you needed any assistance.

I suppose traders shouldn't choose brokers according to thia criteria. You know that demo account matters only in case if you need to elaborate a special strategy for your trading activity or edit it. Moreover, it's a good wy to practice if you're a rookie in trading and you're still learning fundamental things in it. Brokers always offer similar conditions on trading on demo account becaise it doesn't matter, everything you should have on demo is a good sum of virtual money in order to train your skills and no more. It's enough for you to trade on demo actually. Brokers should be chosen by other more vital criterias.

Akasuki posted:
@Davidfx89 In demo account, you can test your strategy to find out the winning percentage and risk reward ratio. We can not test any strategy directly to live account without knowing properly.

Of course, demo platforms are very important in trading. It helps me develop strategies and create ideas about the market.

Most brokers provide demo accounts. I traded using FP markets demo account. Their education centre offers in-depth daily and technical analysis with video tutorials, and the account expires only when inactive for a certain period of weeks.

So far, of all the options for work, I prefer to use a demo account from the Amarkets broker. I now consider this option to be the most profitable.

For example, I work with Amarkets, and I use their demo constantly in my work, all the same, the functionality is very cool

Try coinexx. Its demo trading environment helped me practically recognize my trading strengths and weaknesses. Spreads and all are the same in its live and demo accounts.

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.

in terms of the functionality of the demo, I can mention amarkets, here the demo is at a good level

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

AmauryPM posted:
there are lots of brokers with unlimited demo

Demo is the best place for learning.

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.

I mostly recommend trading with the FP Markets demo account because they have an Education centre that offers in-depth daily technical and fundamental analysis, which will definitely help beginners vent into FX.