11 Best Forex Demo Accounts
We tested 80 brokers to find the demo accounts giving you the best simulated trading experience. We looked at which platforms are available to test and if you have access to Standard and Raw demo accounts. We also took into account how long the demo account stays active, virtual funds, and leverage options.
- Rankings are not for sale — the order comes from our test scores; no broker can pay for a higher spot.
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- 80+ brokers tested every year — we test the whole market, so we know the benchmark — and which brokers actually beat it.
- Every broker takes the same test — one published scoring system: 9 weighted categories, 250+ variables, measured hands-on by our analysts.
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Best brokers for US traders
Best brokers for international traders
*Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.
**AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
tastyfx | 4.4 | 4.6 | $0 | 1:50 (CFTC) 1:50 (NFA) | MT4, ProRealTime, tastyfx Web Platform, tastyfx Mobile App, TradingView, MT5 | Forex trading involves risk. Losses can exceed deposits. |
Plus500 US | 4.5 | 4.6 | $10 | 1:50 (CFTC) 1:50 (NFA) | Plus500 Web Platform, Plus500 Mobile App | Trading with leverage comes with a high risk and may not be suitable for everyone. |
Vantage | 4.6 | 4.4 | $50 | 1:1000 (FSCA) 1:1000 (CIMA) · 1:30 (ASIC) · 1:30 (FCA) · 1:2000 (VFSC) · 1:1000 (FSCM) | MT4, MT5, TradingView, Vantage App, Vantage Web Trading | Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. |
Capital.com | 4.5 | 4.1 | $20 | 1:30 (FCA) 1:30 (ASIC) · 1:30 (CySEC) · 1:200 (SCB) · 1:300 (CMA UAE) | MT4, TradingView, Capital.com Web Trader, Capital.com App | Depending on the company, 70% of retail investor accounts lose money when trading CFDs with Capital.com Group. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
Elev8 | 4.2 | 4.1 | $25 | 1:1000 (MISA) 1:1000 (FSCM) | MT5, MT4, Elev8Trader | Elev8's services relate to complex derivative products that are traded over the counter. Trading with leverage involves a high level of risk and may not be suitable for all investors. Investing carries risks, and individuals should carefully consider their investment objectives, level of experience, and risk tolerance before making any investment decisions. |
FxPro | 4.3 | 3.0 | $0 | 1:30 (FCA) 1:10000 (FSA) · 1:200 (SCB) · 1:30 (CySEC) | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. (EU, UK) |
Tickmill | 4.4 | 4.0 | $100 | 1:1000 (FSCA) 1:30 (CySEC) · 1:30 (FCA) · 1:30 (DFSA) · 1:1000 (FSA) | MT5, MT4, Tickmill Trader | Trading Contracts for Difference (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade Contracts for Difference (CFDs), you should carefully consider your trading objectives, level of experience and risk appetite. It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage your risk. |
FP Markets | 4.6 | 4.1 | $100 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:400 (FSCA) · 1:30 (ASIC) · 1:500 (CMA) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. |
IG | 4.7 | 3.8 | $50 | 1:30 (FCA) 1:30 (JFSA) · 1:200 (BMA) · 1:30 (BaFin) · 1:50 (NFA) · 1:30 (ASIC) · 1:30 (FINMA) · 1:20 (MAS) · 1:30 (DFSA) · 1:30 (FSCA) | MT4, ProRealTime, L2 Dealer, TradingView, IG Online Platform | 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money |
IronFX | 4.4 | 4.0 | $50 | 1:30 (FCA) 1:500 (FSCA) · 1:2000 (BVI FSC) | MT4 | Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. |
AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:30 (CBI) · 1:200 (BVI FSC) · 1:30 (ASIC) · 1:400 (ADGM) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. |
How Did FXEmpire Choose the Best Forex Demo Accounts?
- We carefully considered the needs of demo traders and focused on the points that benefit this group the most.
- We conducted a test drive for each trading platform, digging into available order types, charting, watchlists, and UX. We checked which platforms are available via a demo account.
- We looked at the different account types available for testing via demo (STP and ECN).
- We ensured that each broker had a strong range of tradable forex and CFD instruments.
- We noted the time remaining before the demo account expires.
- For each broker, we tested customer service across phone, chat, and email with many questions, paying attention to responsiveness and the overall quality of the support.
- We explored the educational resources available to demo traders, from articles to webinars and courses.
- We also analyzed other significant areas, such as trustworthiness, fees, and platforms, to gauge the quality of the offering should a trader decide to open a live account.
Best Overall
- $50Min Deposit
- 1056Tradable Instruments
- LowFees
Why We Picked It
Vantage was founded in 2009 and is based in Sydney, Australia. The broker has a global presence, and I verified that it is licensed and authorized by top-tier regulators including FCA and ASIC. You can trade over 1,000 CFD instruments via the Vantage Web Trading platform, MetaTrader 4, MetaTrader 5, and TradingView.
Key Features
- Demo Account Platforms: MetaTrader 4, MetaTrader 5
- Demo Account Types: Standard, ECN, Perpetual
- Virtual Funds: Up to $100K
- Leverage: 1:100 to 1:500
- Base Currencies: USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY, PLN, USDT, AED
- Demo Account Lifetime: 30 days by default, but unlimited demos can be requested
You can access all instruments via the demo account, including CFDs on currency pairs, commodities, indices, shares, ETFs, bonds, and crypto. Vantage offers a better than average range of 62 crypto pairs, including crosses like BTC/XAU and ETH/XAU. During my review I noted that shares and ETFs are another area of strength.
Vantage offers demos for Standard, Raw, and Perpetual accounts. The Standard account offers commission free trading with direct market access. The Raw account provides access to institutional liquidity with spreads from 0.0 pips. And the Perpetual account is dedicated to crypto CFDs for traders who are focused on digital assets.
Pros and Cons
- Multi-regulated broker
- Copy trading
- Free VPS hosting
- In-depth research materials
- Slow chat support
Best for Automated Trading
- $20Min Deposit
- 6313Tradable Instruments
- MediumFees
Why We Picked It
Capital.com was founded in 2016 and is based in Limassol, Cyprus. I was impressed by the range of over 5,000 CFDs and 2,700 knock out options. For automated trading you can choose between the classic MetaTrader 4 and MetaTrader 5 platforms. API access is also available, enabling you to connect your own software to place automated trades.
Key Features
- Demo Account Platforms: Capital.com Web Trader, MT4, MT5, TradingView
- Demo Account Types: Standard
- Virtual Funds: Unlimited
- Leverage: 1:1 to 1:200
- Base Currencies: EUR, USD, GBP, AED, AUD, CHF
- Demo Account Lifetime: Unlimited
I noted that the broker is strong in forex with 147 pairs and even more so in crypto with 543 pairs. During my tests I experienced highly competitive spreads of 0.6 pips in EUR/USD. There is only one account type, where costs are reflected in the spread. The minimum deposit is just $20.
Capital.com also supports clients with a broad range of educational materials. You can find articles, guides, courses, and videos. And the broker has also developed a unique app for learning on the go, called Investmate.
Pros and Cons
- Multi-regulated
- Diverse platforms
- Weekend forex trading
- Solid education resources
- Lacks swap free account
Best for High Leverage
- $25Min Deposit
- 256Tradable Instruments
- MediumFees
Why We Picked It
Elev8 was founded in 2022 and is based in Comoros. It offers 260 CFDs including currency pairs, commodities, indices, stocks, and cryptocurrencies. All instruments are available via the demo account and you can use leverage of up to 1:1000.
Key Features
- Demo Account Platforms: Elev8Trader, MetaTrader 4, MetaTrader 5
- Demo Account Types: Standard
- Virtual Funds: Unlimited
- Leverage: 1:1 to 1:1000
- Base Currencies: USD
- Demo Account Lifetime: Unrestricted
The Elev8Trader platform features TradingView charts, AI trading signals, and market research within a single interface. Alternatively, you can use MetaTrader 4 and MetaTrader 5 platforms which offer automated trading with Expert Advisors (EAs), custom indicators and strategy testing. Account set up is fast and easy, it only took me 5 minutes.
I noted that Elev8 does not charge swap fees across all assets, making it attractive to swing traders who hold their positions for days at a time. Spreads in Bitcoin were competitive, coming in at $30 in my tests, versus the industry average of $51. The barrier to entry is low, with a minimum deposit of $25.
Pros and Cons
- Innovative Elev8Trader platform
- No swap fees
- High leverage of 1:1000
- Copy trading
- Lacks raw spreads account
Best Trading Platform
- $0Min Deposit
- 2090Tradable Instruments
- HighFees
Why We Picked It
FxPro traces its roots all the way back to 1999 and is based in the City of London. I was especially impressed by the extensive platform lineup. You can choose between FxPro WebTrader, MT4, MT5, cTrader, and TradingView. I found FxPro WebTrader intuitive and beginner-friendly. MetaTrader and cTrader offer the advanced tools and algo trading support to cater to experienced traders.
Key Features
- Demo Account Platforms: FxPro WebTrader, MT4, MT5, cTrader, TradingView
- Demo Account Types: Standard, Raw+
- Virtual Funds: From 500 to 10,000,000
- Leverage: 1:Unlimited
- Base Currencies: USD, HUF, GBP, IDR, ZAR, JPY, PLN, CHF, AUD, MYR, EUR
- Demo Account Lifetime: 6 months
The FxPro Standard account offers simple spread based pricing. In my tests the broker came in with a better than average spread of 1.8 pips in the Dow 30, compared to our industry benchmark of 3.3 pips. And for more competitive trading costs, you can choose the Raw+ account, which has spreads from 0.0 pips plus commissions.
Tradable instruments are another strong point. I counted 2,100+ assets, including forex, metals, energies, soft commodities, indices, shares, ETFs, and crypto. FxPro offers CFDs on both spot and futures markets. The range of 40 commodities is much higher than the industry average of 5-10. I also noted that FxPro beats most competitors in the areas of crypto and forex.
Pros and Cons
- Five platforms
- Ultra-fast order execution
- Reliable customer support
- Fast deposits and withdrawals
- Inactivity fee
Best Education
- $100Min Deposit
- 649Tradable Instruments
- MediumFees
Why We Picked It
Tickmill was founded in 2014 and is based in Cyprus. I verified that the broker is licensed and authorized by top-tier regulators like FCA and CySEC. Tickmill gives you access to over 630 CFDs along with exchange traded futures and options. And among platforms you can choose between the Tickmill Trader, MetaTrader 4, MetaTrader 5, and TradingView.
Key Features
- Demo Account Platforms: Tickmill Trader, MT4, MT5, TradingView
- Demo Account Types: Classic, Raw
- Virtual Funds: Unlimited
- Leverage: Up to 1:500
- Base Currencies: USD, GBP, EUR, PLN, CHF
- Demo Account Lifetime: Infinite, but expires after 7 days of inactivity
I was especially impressed by Tickmill’s educational resources. You can benefit from a diverse range of videos, webinars, articles and ebooks. There is even a podcast called Bright Minds. I found that the materials can cater to both beginners and advanced traders. It’s also worth browsing the Tickmill YouTube channel, where previous webinars are archived.
Tickmill offers a commission-free Standard account and a Raw account with spreads from 0.0 pips plus commissions. I recorded fast execution speeds of 15 milliseconds, helping scalpers find an edge. And you can also benefit from extras like VPS hosting, copy trading, and custom MetaTrader add-ons.
Pros and Cons
- Multi-regulated
- 4 Platforms
- Low trading costs
- Live webinars
- Support is not 24/7
Best Low Spreads
- $100Min Deposit
- 10180Tradable Instruments
- MediumFees
Why We Picked It
FP Markets launched in 2005 and is based in Sydney, Australia. The broker is licensed and authorized by multiple regulators including Tier-1 ASIC and CySEC. My review showed that the FP Markets Standard account has better than average spreads in every asset class. I recorded a Bitcoin spread of $16 which is far better than our industry benchmark of $35. You can also find lower trading costs via the raw spreads account.
Key Features
- Demo Account Platforms: MetaTrader 4, MetaTrader 5
- Demo Account Types: Standard, Raw
- Virtual Funds: 100K by default but can be increased by contacting support
- Leverage: 1:500
- Base Currencies: AUD, SGD, EUR, GBP, USD, CAD, PLN
- Demo Account Lifetime: Expires after 30 days of inactivity
Research is a highlight at FP Markets. You’ll find plenty of ideas in the Traders Hub, which includes coverage of central bank meetings and major economic releases by the team of seasoned in-house analysts. Trading Central and Autochartist provide trade ideas, with pattern recognition and breakout alerts.
You have plenty of platforms to work with. Reliable favorites like MT4 and MT5 are on-hand, along with the better designed cTrader. An intuitive interface and strong social features come with the TradingView platform. And the professional-grade Iress platform unlocks access to thousands of CFDs on shares.
Pros and Cons
- Competitive spreads
- Diverse assets
- Personal account managers
- Reliable chat support
- No proprietary web platform
Best Order Execution
- $50Min Deposit
- 19234Tradable Instruments
- MediumFees
Why We Picked It
Note: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
IG was founded in 1974 and is based in London, England. I verified that the broker is licensed and authorized by 5 top-tier regulators, helping to earn an exceptional trust rating in my review. During my test period, I experienced fast and reliable order execution, with most trades executed within milliseconds.
Key Features
- Demo Account Platforms: IG Web Trader, MetaTrader 4, MetaTrader 5, L2 Dealer, ProRealTime, TradingView
- Demo Account Types: CFD trading, Spread betting
- Virtual Funds: Up to 10,000 EUR
- Leverage: 1:30
- Base Currencies: USD, EUR, GBP, AUD, SGD, HKD, ZAR
- Demo Account Lifetime: Unlimited
The IG Web Platform strikes a perfect balance between being clean and uncluttered while also offering advanced features. I noted the exceptional range of tools, including Autochartist, client sentiment analysis, a Thomson Reuters news feed, and built-in trade analytics. The platform is highly customizable, and you can create and save multiple workspaces.
The scope of tradable instruments is also outstanding. With over 17,000 tradable assets only a handful of brokers come close. In the area of CFDs on shares it is especially strong, with a range of over 13,000 shares from global exchanges. And you can access CFDs on spot, futures, and options markets.
Pros and Cons
- Tight forex spreads
- 14ms average execution
- Client sentiment data
- IG Academy
- High commissions on CFDs on shares
Best MT4
- $50Min Deposit
- 311Tradable Instruments
- MediumFees
Why We Picked It
IronFX was founded in 2010 and is based in Cyprus. It offers access to 300+ popular CFD instruments via the MT4 platform. My review showed that education and research materials are better than average. And in the area of account types, IronFX provides flexibility with 4 choices designed for different trader profiles.
Key Features
- Demo Account Platforms: MT4
- Demo Account Types: Floating spread, STP/ECN
- Virtual Funds: 500 to 5,000,000
- Leverage: 1:1 to 1:1000
- Base Currencies: USD, EUR, JPY, BTC
- Demo Account Lifetime: Unlimited
IronFX offers 2 Standard accounts (Floating and Fixed) with spreads starting at 1.2 pips. Pro account types offer lower trading costs. The raw spreads account (Raw ECN) features spreads starting from 0.0 pips plus commissions. The commission free ECN VIP account has spreads from just 0.3 pips. And if you are interested in managing funds for others, Personal Multi-Account Manager (PMAM) accounts are available.
Education is another highlight at IronFX. The IronFX academy includes structured video courses with quizzes at the end of each module. I liked the trading strategies course, with modules dedicated to news trading and momentum trading. Beyond courses, IronFX offers regular webinars, ebooks, and platform tutorial videos. You can find archived webinars on the IronFX YouTube channel.
Pros and Cons
- Global presence
- Flexible account types
- Educational webinars
- High leverage
- Limited platforms
Best for Spread Betting
- $100Min Deposit
- 1472Tradable Instruments
- MediumFees
Best for US Traders
- $0Min Deposit
- 86Tradable Instruments
- LowFees
Why We Picked It
tastyfx is a US based forex broker and part of the brokerage industry giant IG Group. The broker offers the tastyfx Web Platform, MetaTrader 4, MetaTrader 5, TradingView, and ProRealTime. You can access 86 currency pairs and the minimum deposit is $1. The Zero+ account offers raw spreads from 0.0 pips plus commissions.
Key Features
- Demo Account Platforms: tastyfx Web Platform, MetaTrader 4, MetaTrader 5
- Demo Account Types: Standard
- Virtual Funds: Up to $1,000,000
- Leverage: 1:50
- Base Currencies: USD
- Demo Account Lifetime: Unlimited
I verified that the broker is regulated by Tier-1 CFTC and NFA. Its parent company, IG Group, trades on the London Stock Exchange (LSE:IGG) and is a member of the FTSE 250. My tests showed that spreads on major pairs are competitive and swap fees are better than average. And high volume traders can reduce costs more with rebates.
Research materials are another bonus. You can access a steady stream of insightful in-house analysis, a Thomson Reuters news feed, Autochartist signals, and sentiment data. The education section has a collection of articles clearly explaining the forex market. And this is complimented by beginner-friendly videos on the tastyfx YouTube channel.
Pros and Cons
- Tier-1 regulation
- 17ms average execution time
- Cash rebates
- Custom MetaTrader indicators
- Spot forex only
Best Futures Trading Platform in the US
- $10Min Deposit
- 64Tradable Instruments
- LowFees
Why We Picked It
Plus500 launched in 2008 and has grown to be a global leader in the CFD industry. In the United States, Plus500 offers access to Chicago Mercantile Exchange (CME) futures contracts and Kalshi exchange listed prediction markets. The minimum deposit is $100 and my review showed that trading costs are competitive.
Key Features
- Demo Account Platforms: Plus500 WebTrader platform and mobile app
- Demo Account Types: Futures
- Virtual Funds: Up to $1,000,000
- Day Margin: From $15 per contract
- Base Currencies: USD
- Demo Account Lifetime: Unlimited
I rate the WebTrader platform as among the best I have tested. The layout is clean, the search tool is quick, and the order ticket is easy to understand. You can set stop-loss and take profit orders at the same time as you enter a trade. Charting is superb, with 100 indicators and flexible layouts. The mobile app closely mirrors the web platform.
I felt that the Futures Trading Academy adds valuable educational support for beginners. Short videos and clear articles explain essentials like margin, leverage, and short selling. It’s thorough and does a good job of helping new traders get comfortable with the futures market. You can also find more advanced topics like trading strategies and risk management.
Pros and Cons
- Wide range of futures markets
- Standard, mini, micro, contracts
- Competitive commissions
- Unlimited demo account
- Lacks 1-click trading
All the Brokers We Tested
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About the Authors
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.