Day Trading Demo

Author - Tobias Robinson
Author
Tobias Robinson
Tobias is a UK director and partner at Investing.co.uk. He provides commentary on the financial markets in the UK and supports the testing team with first-hand observations from over two decades of active trading.
Fact Checker - William Berg
Fact Checker
William Berg
William is an experienced investment writer with a history in forex trading software localization and IPO consultancy. He contributes as an author and fact-checker for established financial websites.

Day trading demo accounts act as a practice simulator for live trading. Full demo accounts are available without a deposit, meaning day traders can explore platform features and test intraday strategies without handing over any money. The top demo day trading software also comes with extra perks, from free trading competitions to app compatibility and no time limit.

This review ranks the best demo accounts for online day trading in 2026. Our expert team also explain how demo brokerage accounts work, including any limitations and tips on getting the most out of day trading simulator software.

Best Day Trading Demo Accounts UK

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    In our assessments, XTB’s demo accurately replicated its live xStation 5 platform, featuring over 5,000 assets like forex, indices, commodities, stocks, and crypto. Execution was rapid through CEC liquidity, with EUR/USD spreads starting at approximately 0.6 pips and minimal slippage. Setup required only an email, provided a $100,000 virtual balance, and the demo had no expiration.

    Instruments Regulator Platforms
    CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs FCA, CySEC, KNF, DFSA, FSC xStation
    Min. Deposit Min. Trade Leverage
    $0 0.01 Lots 1:30
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    In our tests, Vantage's demo provided real-market ECN conditions through MT4/MT5/cTrader. EUR/USD spreads were between 0.0 and 0.2 pips, with a $3 round-trip commission. Execution was fast with minimal slippage. Setup required just an email, offered up to $500K in virtual funds, and never expired—ideal for realistic strategy development.

    Instruments Regulator Platforms
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Spread betting FCA, ASIC, FSCA, VFSC ProTrader, MT4, MT5, TradingView, DupliTrade
    Min. Deposit Min. Trade Leverage
    $50 0.01 Lots 1:30
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    In our recent tests, Pepperstone’s demo reflected live spreads—EUR/USD averaged 0.1–0.3 pips with Razor accounts. Execution proved swift, with little slippage and over 1,000 assets available. The interface precisely mimicked the real trading environment. No personal information was needed, offering a 30-day trial with up to $50,000 virtual funds.

    Instruments Regulator Platforms
    CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower
    Min. Deposit Min. Trade Leverage
    $0 0.01 Lots 1:30 (Retail), 1:500 (Pro)
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    Using Interactive Brokers' demo mirrored the live TWS platform, featuring global market access and advanced order types. Execution speed felt genuine, although fast-moving assets experienced slight slippage. Basic details were needed for setup. With a virtual balance of $1M, paper trading started post-account approval.

    Instruments Regulator Platforms
    Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower
    Min. Deposit Min. Trade Leverage
    $0 $100 1:50
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    Trade Nation is a leading FX and CFD broker regulated in the UK and Australia, among other places. The company provides competitively priced fixed and variable spreads on over 1,000 assets. Traders benefit from advanced platforms and comprehensive training materials. Additionally, the Signal Centre offers valuable trade ideas.

    Instruments Regulator Platforms
    Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, Cryptos (Bahamas Entity Only) FCA, ASIC, FSCA, SCB, FSA MT4
    Min. Deposit Min. Trade Leverage
    $0 0.1 Lots 1:500 (entity dependent)
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    In our tests, Eightcap's demo account matched actual trading conditions with live pricing and execution. Accessible via MT4, MT5, and TradingView, it offers over 1,000 instruments like forex, indices, commodities, stocks, and crypto. Setup merely required an email, offering a $5,000,000 virtual balance for 30 days, extendable on request. Perfect for both novice and experienced traders seeking realistic practice.

    Instruments Regulator Platforms
    CFDs, Forex, Stocks, Indices, Commodities ASIC, FCA, CySEC, SCB MT4, MT5, TradingView
    Min. Deposit Min. Trade Leverage
    £100 0.01 Lots 1:30
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    In our assessment, IG's demo account provided a $10,000 virtual fund. Execution was dependable with minimal slippage, and real-time market data was accessible. There is no time restriction. Setup required just an email, and users can replenish their virtual funds anytime. The platform is available via MT4, ProRealTime, L2 Dealer, and WebTrader. IG Academy also offered superb educational resources.

    Instruments Regulator Platforms
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM, JFSA Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
    Min. Deposit Min. Trade Leverage
    $0 0.01 Lots 1:30 (Retail), 1:222 (Pro)

Safety Comparison

Compare how safe the Day Trading Demo are and what features they offer to protect traders.

Safety Comparison
Broker Trust Rating FCA Regulated Negative Balance Protection Guaranteed Stop Loss Segregated Accounts
XTB 4.6
Vantage FX 4.6
Pepperstone 4.6
Interactive Brokers 4.5
Trade Nation 4.3
Eightcap 4.3
IG 4.9

Payments Comparison

Compare which popular payment methods the Day Trading Demo support and whether they have trading accounts denominated in British Pounds (GBP).

Payments Comparison
Broker GBP Account Debit Card Credit Card Neteller Skrill Apple Pay
XTB
Vantage FX
Pepperstone
Interactive Brokers
Trade Nation
Eightcap
IG

Mobile Trading Comparison

How good are the Day Trading Demo at mobile trading using apps or other mobile interfaces.

Mobile Trading Comparison
Broker Mobile Apps iOS Rating Android Rating Smart Watch App
XTB iOS & Android 4.7 4.1
Vantage FX iOS & Android 3.6 3.9
Pepperstone iOS & Android 4.4 4.1
Interactive Brokers iOS & Android 4.3 4.5
Trade Nation iOS & Android 4.5 4.5
Eightcap iOS & Android 4.8 4.4
IG iOS & Android 4.6 4

Beginners Comparison

Are the Day Trading Demo good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?

Beginners Comparison
Broker Demo Account Minimum Deposit Minimum Trade Support Rating Education Rating
XTB $0 0.01 Lots 4.3 3.8
Vantage FX $50 0.01 Lots 4.4 4
Pepperstone $0 0.01 Lots 4.6 4
Interactive Brokers $0 $100 3 4.3
Trade Nation $0 0.1 Lots 4.9 4.6
Eightcap £100 0.01 Lots 4 3.5
IG $0 0.01 Lots 4.5 5

Advanced Trading Comparison

Do the Day Trading Demo offer features that allow for more advanced trading strategies?

Advanced Trading Comparison
Broker Automated Trading Pro Account Leverage VPS AI Low Latency Extended Hours
XTB - 1:30
Vantage FX Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader 1:30
Pepperstone Expert Advisors (EAs) on MetaTrader 1:30 (Retail), 1:500 (Pro)
Interactive Brokers Capitalise.ai, TWS API 1:50
Trade Nation Expert Advisors (EAs) on MetaTrader 1:500 (entity dependent)
Eightcap TradingView Bots 1:30
IG Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime 1:30 (Retail), 1:222 (Pro)

Detailed Rating Comparison

Use this heatmap to compare our detailed ratings for all of the Day Trading Demo.

Detailed Rating Comparison
Broker Trust Platforms Mobile Assets Fees Accounts Support Research Education
XTB 4.6 4 4.4 4 4.3 4 4.3 4.1 3.8
Vantage FX 4.6 4.3 3.8 4.5 4.4 4.5 4.4 4 4
Pepperstone 4.6 4.4 4.3 3.8 4.5 4 4.6 4.3 4
Interactive Brokers 4.5 3.3 4.4 4.7 4.3 3.5 3 4.4 4.3
Trade Nation 4.3 4.6 4.5 3.7 4.5 4.5 4.9 4.2 4.6
Eightcap 4.3 4.3 4.6 3.6 3.8 4 4 3.5 3.5
IG 4.9 4.9 4.3 4.5 3.5 4 4.5 4.9 5

Our Take On XTB

"XTB excels for novice traders with its superb xStation platform, minimal trading costs, no required deposit, and outstanding educational resources, many of which are fully integrated into the platform."
William Berg
William Berg
Reviewer

Pros

  • XTB has raised interest rates on uninvested funds and introduced zero-fee ISAs (for ETFs and real shares, or 0.2% on trades over €100k) for UK clients, offering access to a wide array of markets.
  • The xStation platform stands out with its user-friendly design and intuitive tools, such as adaptable news feeds, sentiment heatmaps, and a trader calculator. These features streamline the learning process for new traders.
  • XTB offers a superb array of educational resources, such as training videos and articles, embedded within the platform to assist traders of all experience levels.

Cons

  • Trading fees are competitive, with average EUR/USD spreads of about 1 pip. However, they are not as low as the most affordable brokers, such as IC Markets. Additionally, an inactivity fee applies after a year.
  • The demo account lasts only four weeks, posing a challenge for traders wanting to fully explore the xStation platform and refine short-term strategies before investing actual money.
  • The research tools at XTB are commendable but have the potential to excel further. Enhancing them with access to top-tier third-party services like Autochartist, Trading Central, and TipRanks would significantly elevate their offering.

Our Take On Vantage FX

"Vantage is an ideal choice for CFD traders looking for a well-regulated broker with access to the dependable MetaTrader platforms. With a swift sign-up process and a minimum deposit of $50, starting trading is simple and fast."
Tobias Robinson
Tobias Robinson
Reviewer

Pros

  • Vantage has enhanced its trading tools for experienced traders, introducing AutoFibo EA to pinpoint potential market reversals.
  • Vantage addresses the needs of passive investors through user-friendly social trading on ZuluTrade and Myfxbook.
  • Vantage upholds a high trust score through its solid reputation, backed by premier regulation from the FCA and ASIC.

Cons

  • To access optimal trading conditions, a substantial deposit of $10,000 is required. This includes a commission of $1.50 per transaction per side.
  • Regrettably, cryptocurrencies are accessible solely to clients in Australia.
  • Based on tests, average execution speeds of 100ms to 250ms are slower compared to other options.

Our Take On Pepperstone

"Pepperstone is a premier trading platform, providing tight spreads, swift execution, and sophisticated charting tools for seasoned traders. Beginners benefit from no minimum deposit, comprehensive learning materials, and outstanding 24/7 support."
Tobias Robinson
Tobias Robinson
Reviewer

Pros

  • The award-winning customer support can be accessed through phone, email, or live chat. During tests, response times have consistently been under 5 minutes.
  • In recent years, Pepperstone has significantly enhanced the deposit and withdrawal process. By 2025, clients can use Apple Pay and Google Pay, while 2024 saw the introduction of PIX and SPEI for customers in Brazil and Mexico.
  • Over the years, Pepperstone has consistently garnered recognition from DayTrading.com’s annual awards. Recently, it was honoured as the 'Best Overall Broker' in 2025 and was the 'Best Forex Broker' runner-up the same year.

Cons

  • Pepperstone's demo accounts expire after 30 days, which may not provide sufficient time to explore various platforms and evaluate trading strategies.
  • Although its market range has improved, its crypto offerings remain limited compared to brokers specialising in this sector, lacking real coin investment options.
  • Pepperstone doesn't offer cTrader Copy, a favoured feature for copying trades found in the cTrader platform, which is available on other platforms such as IC Markets. However, Pepperstone has launched its own user-friendly copy trading app.

Our Take On Interactive Brokers

"Interactive Brokers ranks highly for seasoned traders due to its robust charting platforms, live data, and bespoke layouts via the new IBKR Desktop app. Its competitive pricing and sophisticated order choices appeal to traders, and its wide equity options are industry-leading."
Tobias Robinson
Tobias Robinson
Reviewer

Pros

  • IBKR is a highly respected brokerage, regulated by top-tier authorities, ensuring the integrity and security of your trading account.
  • IBKR offers an economical environment for traders, featuring low commissions, narrow spreads, and a clear fee structure.
  • The TWS platform is tailored for intermediate and advanced traders, featuring over 100 order types and a dependable real-time market data feed with exceptional uptime.

Cons

  • The learning curve for TWS is quite steep, making it tough for novice traders to navigate and grasp all its features. In contrast, Plus500's web platform is far more accessible for those new to trading.
  • IBKR offers a variety of research tools, but their inconsistent placement across trading platforms and the 'Account Management' webpage creates a confusing experience for users.
  • You are limited to a single active session per account, meaning you cannot use both your desktop programme and mobile app at the same time. This restriction can occasionally lead to a frustrating experience for traders.

Our Take On Trade Nation

"Trade Nation is ideal for novice traders seeking diverse markets on an easy-to-use platform. It offers no minimum deposit, complimentary funding options, and robust educational resources."
Tobias Robinson
Tobias Robinson
Reviewer

Pros

  • Beginners benefit from a modest initial deposit.
  • Global traders can use accounts in various currencies.
  • Trade Nation, a highly regarded and well-regulated broker, was formerly known as Core Spreads.

Cons

  • Reduced legal safeguards with an offshore entity.

Our Take On Eightcap

"Eightcap excels for traders, offering diverse charting platforms, educational Labs, and AI tools. With over 120 crypto CFDs, it stands out in crypto trading and has won our 'Best Crypto Broker' award twice consecutively."
William Berg
William Berg
Reviewer

Pros

  • Eightcap has excelled in all essential trading areas, surpassing all rivals to clinch our 'Best Overall Broker' award for 2024. It also earned the titles of 'Best Crypto Broker' and 'Best TradingView Broker' for 2025.
  • Eightcap excels with a suite of advanced trading tools, such as MT4 and MT5, and has recently joined the 100-million-user social trading network, TradingView.
  • With spreads starting at 0 pips, minimal commission charges, and leverage up to 1:500 for select clients, Eightcap delivers affordable and flexible trading opportunities. These conditions suit various strategies, such as trading and scalping.

Cons

  • Despite a helpful array of educational guides and e-books in Labs, Eightcap lags behind IG's extensive resources for aspiring traders. IG boasts a dedicated Academy app and features 18 diverse course categories.
  • Despite the growing range of tools available, Eightcap lacks popular industry resources such as Autochartist and Trading Central. These provide advanced charting analytics, live news, and essential market insights for traders focused on short-term strategies.
  • The demo account is available for 30 days, after which it requires a request for extension. This is less convenient than XM's offering, which provides an unlimited demo mode.

Our Take On IG

"IG offers a complete package: an easy-to-use web platform, top-tier beginner education, enhanced charting via TradingView, up-to-date data, and strong trade execution for seasoned traders."
Tobias Robinson
Tobias Robinson
Reviewer

Pros

  • IG provides a wide range of professional and engaging educational materials, such as webinars, articles, and analyses, tailored for traders.
  • The IG app provides an excellent mobile trading experience with an intuitive design, earning it the Runner Up position in our 'Best Trading App' award.
  • IG secured a crypto asset license from the FCA, enabling its return to the UK market. It now offers buying, selling, and storage services for over 55 digital tokens with fees starting at 1.49%, all under FCA regulation.

Cons

  • IG has ended its swap-free account, diminishing its attractiveness to Islamic traders.
  • In the UK and EU, negative balance protection is available. However, US clients lack account protection and guaranteed stop losses.
  • Based on tests, stock and CFD spreads remain less competitive than the lowest-cost brokers, such as CMC Markets.

What Is A Day Trading Demo Account?

Day trading demo accounts are offered by online brokers and allow users to practise investing risk-free with virtual funds. They simulate live market conditions, normally giving traders access to a brokerage’s full suite of assets, such as stocks, forex, commodities, and cryptos.

Traders can download the broker’s desktop investing software or iOS and Android mobile app, login and start exploring the various day trading tools available. Demo accounts for online day trading are also useful for testing different strategies and trade setups.

Leading demo day trading software, such as XTB, come with a virtual bankroll of around £100,000. After this has expired, traders can usually request more funds.

The best demo accounts for online day trading are available for an unlimited time. With that said, some brokerages only provide access to paper trading profiles for a fixed period, usually around 30 days.

Importantly, profits and losses made in a day trading demo account are not real. However, users can upgrade to a live day trading account when they feel ready and start investing real money.

Demo Trading Vs Live Trading

Day trading demo accounts often provide access to the same platforms, trading apps and financial instruments. For this reason, they closely mirror the live day trading experience.

With that said, there are a couple of key differences:

  • Slippage – Trading spreads, commissions and swaps are usually the same on both demo day trading accounts and live investing software. However, live trades are executed in the market via liquidity providers while demo day trades are not – they take place on the server side. As a result, simulator accounts do not experience the slippage that can take place on live profiles (the difference between the price you request and the actual price the trade is executed at).
  • Psychology – Demo day trading accounts do not factor in the trading psychology that comes with investing actual money. You won’t feel the same level of risk and pressure when trading with fake money. As a result, profits generated in demo day trading accounts often do not translate when investors upgrade to real-money profiles.

Pros Of Day Trading Practise Simulators

  • Trial a new day trading broker, platform or app
  • Practise online day trading in a risk-free environment
  • Develop intraday trading strategies without risking funds
  • Some brokerages run demo trading competitions with cash prizes
  • Explore new financial markets and portfolio diversification opportunities

Cons Of Day Trading Practise Simulators

  • Any profits generated cannot be withdrawn
  • Day trading demo accounts do not account for slippage
  • Brokers sometimes limit demo account access to a finite period and bankroll
  • Software for online day trading cannot emulate the pressure of investing with real money
  • Some demo accounts offer more competitive spreads and fees than those available in live accounts

How To Compare Day Trading Demo Accounts

Time Limit

Some brokers, such as eToro, offer an unlimited day trading demo account where you can invest in forex, stocks, commodities and other markets with no need to reset the account.

However, other brokers impose an expiry time on the demo account, typically around four weeks. For example, the IG UK demo accounts expire after 30 days. Alternatively, if you sign up with CityIndex, your day trading demo account will expire after 120 days.

Tip: you can often extend the time limit or reset the demo profile by contacting the broker.

Platform & App

Day trading demo accounts are ideal for practising with a new platform you have not used before. This is relevant whether you are using proprietary platforms such as with CMC Markets or popular third-party platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Day traders can test technical indicators, drawing tools, instant and pending order types, plus risk management parameters. Users can also customise graphs, charts and widgets so they are familiar with the interface and navigation when they start day trading with real money.

CMC Markets demo trading software

CMC Markets Demo Platform

Virtual Funds

Typically, you can expect paper trading accounts with several thousands of simulated currency. For example, CMC Markets demo accounts have £10,000, Pepperstone accounts have £50,000, and eToro accounts have £80,000.

Often, brokers will permit clients to either reset their funds or create another demo day trading account when funding drops below a certain threshold. For instance, Plus500 automatically resets demo accounts once the virtual funds drop to less than £200. For this reason, the amount of virtual funds provided is not the most important factor when evaluating day trading demo accounts.

Assets & Instruments

If you already have an idea of what you want to day trade and how, for example, forex CFDs, then check the broker offers these instruments before signing up for a demo day trading profile. CFDs, spread betting and binary options are all popular among day traders in the UK.

If you do not yet know what you want to trade, opt for a well-rounded brokerage that offers demo day trading on a range of markets, from stocks and shares to metals, energies, and forex. XTB is a good pick here with more than 2000 assets available.

Restrictions

It is worth checking that the day trading strategies you want to use are permitted. For example, some firms do not allow scalping and arbitrage.

Equally, if you are planning to day trade with leverage, check the rules and availability around trading on margin. For example, most FCA-regulated brokers can only offer leverage up to 1:30 to retail traders in the UK.

Sign Up Requirements

To register for a day trading demo account, brokers require clients to complete a few steps. Usually, this involves providing a name, email address and password, however, some online brokers ask for more detailed information which can delay the sign-up process. For instance, Pepperstone requires clients to sign up for a live account before they can access the demo day trading mode.

Note, the brokers with the best demo day trading accounts do not ask for payment details until you register for a live account.

How To Sign Up For A Demo Account

How To Register For A Demo Day Trading Account - FXCC

FXCC Demo Registration

The best brokers with day trading demo accounts make it easy to register for a practice profile:

  1. Go to the broker’s website or investing app
  2. Click on the ‘Sign Up’ or similar button
  3. Enter your name, email, contact number, password and any other information requested
  4. Choose the platform you want to use, for example, MT4 or MT5
  5. Select the type of day trading demo account (if applicable), for example, CFD, forex, stock
  6. Complete any verification steps, such as email confirmation or one-time mobile passcode
  7. Download the desktop software or mobile app. Alternatively, open the web terminal
  8. Sign in with your demo credentials and start day trading

Note, the top demo day trading accounts allow you to get set up and started in less than five minutes.

How To Upgrade To A Live Account

To switch to a real-money day trading account, you may need to provide additional information such as documents showing proof of identification and address. You will also need to make a deposit, taking note of any minimum transfer requirements.

The process of switching to a live day trading account may also vary between brokers. At eToro, for example, you only need to click the ‘Switch to Real’ button on the homepage, deposit funds and start trading. At CMC Markets, you need to submit an online form to customer support to request a live account. At Pepperstone, day traders must complete an appropriateness test to determine if they can trade derivatives.

Bottom Line On Day Trading Demo Software

Day trading with a demo account is one of the best ways to build up experience while testing a prospective broker’s instruments, platforms and tools. The top-rated day trading simulator profiles offer mobile app compatibility, trading contests and no time limit.

To get started, use our ranking of the best demo day trading accounts in the UK.

FAQ

Where Can I Practice Day Trading?

You can practise day trading using an online demo account, also known as simulator software. Often free, a demo account comes with virtual funds so you can test out day trading strategies without making a deposit. Importantly, profits generated in the demo account cannot be withdrawn. There may also be a time limit and cap on the virtual bankroll, often around 30 days and £10,000, respectively.

Should I Open A Day Trading Demo Account?

Day trading simulators can be an effective way to trial a potential broker before investing real funds. Paper trading profiles can also be used to test the features of a new platform or app, such as technical indicators, risk management tools, and order types. For day traders new to a volatile market, such as crypto, demo accounts for day trading can also be a helpful way to try a new strategy before risking real money.

Which Is The Best Demo Day Trading Account?

The best demo day trading account will depend on your requirements. With that said, look for simulator accounts with a long expiry (30 days+), a large bankroll (£10,000+), and full access to the broker’s suite of instruments and trading tools, such as MT4 and MT5. Alternatively, choose from our list of the top day trading accounts for UK investors.

Do Day Trading Demo Accounts Expire?

Some brokers, such as FXPrimus, impose an expiration or time limit on demo day trading accounts, often around the one-month mark. Other platforms, including Forex.com and City Index, offer a longer demo period of three months and four months, respectively.

Note, the best demo brokerage accounts can also be reset when the expiry period is over.

What Can I Trade Using A Day Trading Demo Account?

A range of markets is usually available on day trading demo accounts, including forex, commodities such as gold, stocks, indices and ETFs. The selection of trading vehicles will also depend on the brokerage but often includes CFDs. Some UK firms also offer demo spread betting and binary options trading.

How Do I Open A Day Trading Demo Account?

To open a day trading demo account you will need to go to your chosen broker’s website and navigate to the demo account sign-up page. You will typically need to input some basic contact information, including your name, email address and chosen password. Then, download the desktop software or mobile app from the broker – you should see download links on the brand’s website for the Android and iOS applications.

Note, if you already have a live day trading account, no additional registration is required. Instead, just log into your account and request a paper trading profile.