Forex Demo Accounts
Forex demo accounts are a safe and convenient way to practise online trading. The best paper trading accounts will replicate the conditions of a real-money account with access to platform features and live pricing. In this guide, we cover how FX demo accounts work and how to get the most out of simulated profiles. We have also compiled a list of the top forex demo accounts in 2025.
Best Forex Demo Accounts UK
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Pepperstone provides forex spreads on the EUR/USD averaging just 0.12 pips with their Razor account. This is highly competitive. Their extensive portfolio includes over 100 currency pairs, which exceeds what most rivals offer. Furthermore, Pepperstone stands out by offering three unique currency indices: USDX, EURX, and JPYX, which are rare on other platforms. They have been recognised with our 'Best Forex Broker' award twice.
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.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.4 0.1 0.4 Total Assets FCA Regulated Platforms 100+ Yes MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower -
XTB offers access to over 70 currency pairs, with competitive spreads averaging about 1 pip for major pairs. Its xStation platform is user-friendly, providing traders with top-tier charting tools, over 30 indicators, and diverse order types to support different strategies and risk management needs.
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.
GBPUSD Spread EURUSD Spread GBPEUR Spread 1.4 1.0 1.4 Total Assets FCA Regulated Platforms 70+ Yes xStation -
FXCC champions its competitive forex trading environment. ECN spreads can drop to an impressive 0.0 pips during busy trading periods. Offering more variety than many competitors, it supports over 70 currency pairs. Furthermore, traders benefit from MT4, renowned for its exceptional charting capabilities, specifically designed for forex trading.
In FXCC's demo mode, trading mirrored live ECN conditions with rapid order execution, minimal slippage, and accurate MT4 data. Standard spreads began at 1.2 pips for EUR/USD, with no hidden fees. Setup needed just an email and came with $50,000 virtual funds, and the demo was unlimited—perfect for thorough strategy testing.
GBPUSD Spread EURUSD Spread GBPEUR Spread 1.0 0.2 0.5 Total Assets FCA Regulated Platforms 70+ No MT4, MT5 -
IBKR offers a vast range of over 100 forex pairs, including major, minor, and exotic currencies, outstripping most competitors except CMC Markets. Trading is available across multiple platforms with institutional-grade spreads beginning at 0.1 pips. There are also 20 sophisticated order types, such as brackets, scale, and one-cancels-all (OCA) orders, enhancing trading strategies.
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.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.08-0.20 bps x trade value 0.08-0.20 bps x trade value 0.08-0.20 bps x trade value Total Assets FCA Regulated Platforms 100+ Yes Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower -
Vantage provides over 55 currency pairs, exceeding the industry norm, giving traders ample opportunities. With a robust liquidity pool, forex spreads start at 0.0 pips on the ECN account, often beating other options. Additionally, there are no commissions, deposit fees, or hidden charges.
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.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.5 0.0 0.5 Total Assets FCA Regulated Platforms 55+ Yes ProTrader, MT4, MT5, TradingView, DupliTrade -
IC Markets remains dedicated to offering tight 0.0-pip spreads on major currency pairs like EUR/USD, ensuring outstanding execution with an average speed of 35 milliseconds. Ideal for traders seeking high performance, those dealing in large volumes can also enjoy rebates of up to $2.50 per forex lot.
In our thorough analysis, IC Markets' demo replicated live Raw and Standard account conditions with extremely narrow spreads—EUR/USD from 0.0–0.1 pips and a $3.50 fee per lot on Razor. Execution was exceptionally swift with minimal slippage. Through MT4/MT5/cTrader, more than 1,300 instruments were accessible. Setup needed just an email; $50K virtual balance, no expiration.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.23 0.02 0.27 Total Assets FCA Regulated Platforms 75 No MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower -
FOREX.com remains a leading FX broker, providing 80 currency pairs with highly competitive fees. EUR/USD spreads can reach as low as 0.0, with a $7 commission per $100k, making it a standout choice.
While testing FOREX.com's demo account, we accessed over 80 currency pairs alongside crypto, commodities, and indices. Execution speed during trades was reliable, with EUR/USD spreads averaging 1.2 pips on standard accounts, closely mirroring live conditions. No personal information was required, and the $50,000 demo lasted for 30 days.
GBPUSD Spread EURUSD Spread GBPEUR Spread 1.3 1.2 1.4 Total Assets FCA Regulated Platforms 84 Yes WebTrader, Mobile, MT4, MT5, TradingView
Pepperstone
XTB
FXCC
Interactive Brokers
Vantage FX
IC Markets
Forex.comSafety Comparison
Compare how safe the Forex Demo Accounts are and what features they offer to protect traders.
| Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✘ | ✔ | |
| XTB | ✔ | ✔ | ✔ | ✔ | |
| FXCC | ✘ | ✔ | ✘ | ✔ | |
| Interactive Brokers | ✔ | ✔ | ✘ | ✔ | |
| Vantage FX | ✔ | ✔ | ✘ | ✔ | |
| IC Markets | ✘ | ✔ | ✘ | ✔ | |
| Forex.com | ✔ | ✔ | ✘ | ✘ |
Payments Comparison
Compare which popular payment methods the Forex Demo Accounts support and whether they have trading accounts denominated in British Pounds (GBP).
| Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
|---|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| XTB | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| FXCC | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Interactive Brokers | ✔ | ✔ | ✘ | ✘ | ✘ | ✘ |
| Vantage FX | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| IC Markets | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
| Forex.com | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
Mobile Trading Comparison
How good are the Forex Demo Accounts at mobile trading using apps or other mobile interfaces.
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| Pepperstone | iOS & Android | ✘ | ||
| XTB | iOS & Android | ✔ | ||
| FXCC | iOS & Android | ✘ | ||
| Interactive Brokers | iOS & Android | ✔ | ||
| Vantage FX | iOS & Android | ✘ | ||
| IC Markets | iOS & Android | ✘ | ||
| Forex.com | iOS & Android | ✘ |
Beginners Comparison
Are the Forex Demo Accounts good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Support Rating | Education Rating |
|---|---|---|---|---|---|
| Pepperstone | ✔ | $0 | 0.01 Lots | ||
| XTB | ✔ | $0 | 0.01 Lots | ||
| FXCC | ✔ | $0 | 0.01 Lots | ||
| Interactive Brokers | ✔ | $0 | $100 | ||
| Vantage FX | ✔ | $50 | 0.01 Lots | ||
| IC Markets | ✔ | $200 | 0.01 Lots | ||
| Forex.com | ✔ | $100 | 0.01 Lots |
Advanced Trading Comparison
Do the Forex Demo Accounts offer features that allow for more advanced trading strategies?
| Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| Pepperstone | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✘ | ✔ | ✘ |
| XTB | - | ✔ | 1:30 | ✘ | ✘ | ✔ | ✘ |
| FXCC | Expert Advisors (EAs) on MetaTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
| Interactive Brokers | Capitalise.ai, TWS API | ✘ | 1:50 | ✘ | ✔ | ✔ | ✔ |
| Vantage FX | Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader | ✘ | 1:30 | ✔ | ✘ | ✘ | ✘ |
| IC Markets | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✘ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✔ | ✘ | ✔ | ✘ |
| Forex.com | Expert Advisors (EAs) on MetaTrader | ✘ | 1:30 | ✔ | ✔ | ✔ | ✘ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the Forex Demo Accounts.
| Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
|---|---|---|---|---|---|---|---|---|---|
| Pepperstone | |||||||||
| XTB | |||||||||
| FXCC | |||||||||
| Interactive Brokers | |||||||||
| Vantage FX | |||||||||
| IC Markets | |||||||||
| Forex.com |
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
Reviewer
Pros
- 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.
- Support for top-tier charting platforms such as MT4, MT5, TradingView, and cTrader. These tools accommodate different short-term trading methods, including algorithmic trading.
- 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
- Although its market range has improved, its crypto offerings remain limited compared to brokers specialising in this sector, lacking real coin investment options.
- Pepperstone's demo accounts expire after 30 days, which may not provide sufficient time to explore various platforms and evaluate trading strategies.
- 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 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."
Pros
- XTB offers over 10,000 instruments, including CFDs on shares, indices, ETFs, raw materials, forex, crypto, real shares, real ETFs, share dealing, and investment plans. This range serves both short-term traders and long-term investors.
- 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 processes withdrawals swiftly, paying within 3 business days, subject to the method and amount.
Cons
- It is frustrating that XTB products do not allow traders to modify the default leverage level. Manually adjusting leverage can greatly reduce risk in forex and CFD trading.
- XTB lacks a raw spread account, a feature increasingly offered by competitors such as Pepperstone. This omission might not satisfy traders seeking the most competitive spreads.
- 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 FXCC
"FXCC remains a top choice for forex traders, offering over 70 currency pairs, very tight spreads from 0.0 pips in tests, and high leverage up to 1:500 with the ECN XL account."
Pros
- FXCC offers competitive and transparent ECN spreads starting from 0.0 pips, with no commissions. This makes it one of the most cost-effective forex brokers available.
- FXCC has introduced MT5, which in our evaluations, mirrored the trading conditions of MT4 by offering swift execution, improved charting, and market depth tools.
- There are no limitations on short-term trading techniques such as trading and scalping.
Cons
- The variety of currency pairs surpasses most options, but the choice of other assets is limited. Notably, stocks are absent.
- While the MetaTrader suite excels in technical analysis, its outdated design detracts from the overall trading experience, particularly when contrasted with contemporary platforms such as TradingView.
- FXCC's exclusive MetaTrader platform is a limitation, especially when compared to more versatile options like AvaTrade, which offers five different platforms to cater to various trader needs.
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."
Pros
- IBKR consistently offers unparalleled access to global equities, with thousands of shares available across over 100 market centres in 24 countries, including the recently added Saudi Stock Exchange.
- 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.
- IBKR offers an economical environment for traders, featuring low commissions, narrow spreads, and a clear fee structure.
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 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."
Pros
- Hedging and scalping strategies are fully permitted without any short-term restrictions.
- Vantage addresses the needs of passive investors through user-friendly social trading on ZuluTrade and Myfxbook.
- Opening a live account is both straightforward and swift, requiring under 5 minutes to complete.
Cons
- Based on tests, average execution speeds of 100ms to 250ms are slower compared to other options.
- Regrettably, cryptocurrencies are accessible solely to clients in Australia.
- To access optimal trading conditions, a substantial deposit of $10,000 is required. This includes a commission of $1.50 per transaction per side.
Our Take On IC Markets
"IC Markets provides excellent pricing, swift execution, and easy deposits. With cutting-edge charting tools like TradingView and the Raw Trader Plus account, it continues to be a preferred option for intermediate and advanced traders."
Pros
- Access over 2,250 CFDs across diverse markets like forex, commodities, indices, shares, bonds, and cryptocurrencies. This variety enables traders to employ diversified strategies.
- IC Markets provides reliable 24/5 support, especially for account and funding queries, drawing from direct experience.
- As a well-regulated and reputable broker, IC Markets focuses on client safety and transparency to provide a dependable global trading experience.
Cons
- The tutorials, webinars, and educational resources require enhancement, lagging behind competitors such as CMC Markets, which diminishes their appeal to novice traders.
- Certain withdrawal methods incur fees, including a $20 charge for wire transfers. These costs can reduce profits, particularly with frequent withdrawals.
- IC Markets provides metals and cryptocurrencies for trading through CFDs, though the selection is narrower compared to brokers such as eToro. This limits opportunities for traders focused on these asset classes.
Our Take On Forex.com
"FOREX.com excels in serving traders of all levels, offering more than 80 currency pairs, spreads starting at 0.0 pips, and competitive commissions. Its robust charting platforms provide over 100 technical indicators and comprehensive research tools."
Pros
- An abundance of educational resources is available, such as tutorials, webinars, and an extensive YouTube channel, designed to enhance your understanding of financial markets.
- The in-house Web Trader remains a standout platform, excellently crafted for budding traders. It features a sleek design and offers more than 80 technical indicators for thorough market analysis.
- FOREX.com provides top-tier forex rates beginning at 0.0 pips, along with attractive cashback rebates up to 15% for dedicated traders.
Cons
- Demo accounts are typically limited to 90 days, hindering effective strategy testing.
- US clients are not protected against negative balances, which means you could end up owing more than your initial deposit.
- FOREX.com's MT4 platform provides around 600 instruments, a notable reduction compared to the more than 5,500 options on its other platforms.
How Does A Forex Demo Account Work?
Forex demo trading accounts came to light in the early 2000s, following an explosion in the online investment landscape facilitated by high-speed internet services.
Paper trading profiles essentially simulate real market conditions. They are offered by online brokers to give prospective users insights into how their trading platforms, tools and products work. The aim is to recreate the experience of live forex trading.
Pre-determined or flexible virtual balances are provided so clients don’t have to practise with personal capital. The top apps and platforms offer an unlimited virtual balance with no expiry. With that said, some paper trading profiles are only available for a set period, for example, 30 days.
Ultimately, paper trading accounts offer a safe space to practise investing, learn platform features or test a new forex strategy without risking real cash. Popular with beginners, in particular, many of the best brokers in the UK offer a free forex demo trading account.
Pepperstone forex demo account
Differences Between Demo Accounts & Live Accounts
There are some key differences between forex demo trading accounts and real-money profiles:
- Execution – In a demo account environment, investors do not have to contend with broker liquidity and volume differentials. In a live forex account, trades must be ‘filled’, which can lead to delays in fast-moving, highly volatile markets. However, trades made in a simulated environment are normally executed instantly.
- Fees – Forex demo accounts are free. There is no minimum deposit requirement or charge to use platform features, including advanced charting, technical indicators or news feeds.
- Pricing – A demo feed may be based on a live feed, however there may be delays in the reflection of prevailing market prices. These can range from a few seconds to several minutes.
Pros Of Forex Demo Account
- Risk-Free – Forex trading demo accounts are a great way to practise a new strategy or make risky decisions without the possibility of losing real money.
- Learn – Opening a forex practice account essentially provides access to free training. Alongside a demo account, the top brokers also provide educational content and resources such as tutorials, webinars and online glossaries,
- Practise – Learn how to open and close forex trades, plus use risk management tools like stop-loss and take-profit orders. Demo accounts also offer a good opportunity to test strategies on more volatile, exotic forex pairs.
- Manage Emotions – Being rewarded with a hypothetical profit can build confidence. Experiencing failure can also finesse tighter risk management strategies when it comes to live forex trading.
Cons Of Forex Demo Accounts
- Access To Features – Some forex exchanges do not provide retail traders with access to all trading platforms, tools or apps in the demo account setting. This can include access to historical pricing, advanced charting tools or third-party strategy bots.
- Unrealistic Expectations – The experience and results when trading on a demo account don’t always accurately reflect the real-money trading environment. An unlimited bankroll and no slippage can give a false sense of confidence.
- Emotional Disconnect – The comfort of trading forex currency pairs in a virtual environment does not allow you to experience the psychological emotions of trading with your own money. It is easy to become overconfident and take greater risks when your personal funds aren’t on the line.
How To Compare Forex Demo Accounts
Free Services
Most UK brokers offer completely free forex demo accounts. Nevertheless, look out for brokerages that require funding to a live account before being able to access paper trading services.
IG and FXCM are examples of brokers with demo profiles available at no cost.
Educational Content
Some platforms provide access to free educational resources alongside their demo account. This is particularly useful for forex beginners.
Admiral Markets, for example, offers a forex 101 online trading course that can be used alongside its demo account. The free course is separated into nine modules, with access to professional guidance, glossaries and integrated tutorial support.
Time Limit
The best forex demo trading accounts will have no time limit or expiry. This means you can always return to the paper trading environment to test or refine a new strategy or investing system.
City Index provides a free demo account service. Retail traders can trial advanced features including TradingView charts, Trading Central analysis and more. However, a 12-week time limit applies which may deter some beginners.
Competitions
Some brokers also offer forex demo contests and competitions. Online tournaments usually require participants to generate the most profit with virtual funds.
As well as a great way to test your skills against other traders, some platforms and apps offer real cash prizes with capital that can be used in the real-money environment.
Note, rules, terms and conditions, plus eligibility vary by broker and contest.
Platforms & Apps
The best forex demo accounts provide access to leading trading platforms and apps. Whether it’s a proprietary terminal or the industry-established MetaTrader 4 (MT4) and MetaTrader 5 (MT5), check user-friendly and reliable trading applications are available.
Design, functionality and ease of use will differ between terminals. The MT4 forex demo account, for example, facilitates copy trading via signals and automated strategies through Expert Advisors (EAs).
It is also worth looking for mobile-compatible forex trading apps. This means you can extend your practice sessions while on the go.
Forex trading demo accounts are becoming increasingly popular on mobile devices thanks to the integration of intuitive designs, consolidated charting and slick navigation features. Simply check for iPhone (iOS) and Android (APK) compatibility.
The Best Forex Demo Accounts For UK Investors
We have compared some of the top forex demo trading accounts for UK investors based on our detailed reviews:
- EasyMarkets – The EasyMarkets forex demo account is free to download and is available on MT4 and the broker’s proprietary terminal. Investors can test out intuitive features such as Deal Cancellation and Freeze Rate across all 103 currency pairs. The broker also has a comprehensive education platform – Learn Centre. Here, traders can access articles, videos and ebooks with topics including risk management, forex trading strategies and investing psychology.
- IG – Develop your trading skills on one of the top forex demo accounts for beginners. Practise trading with £10,000 in virtual funds, gain exclusive access to educational content with the IG academy and test strategies risk-free via the mobile app. Practise accounts are available on MT4 or the proprietary IG platform. The broker is also authorised and regulated by the Financial Conduct Authority (FCA).
- Pepperstone – A free forex demo account profile with trading opportunities on 80+ currency pairs. Practise profiles can be opened on the MT4, MT5 or cTrader platforms. UK investors can access up to £500,000 in virtual funds. The only downside is the time limit of 30 days. Complete the online application form on the broker’s site with your name, email address and phone number to get started.
IG forex demo account
Getting The Most Out Of Your Forex Demo Account
Below are some top tips to get the most out of your forex demo account from the first login:
Create A Plan
The first step is to develop a trading strategy that you can replicate in a live forex trading account. While you may be trialling a demo account as a complete beginner, it is still worth having the basics planned out from the first sign-in.
Your plan could include the currency pairs you are interested in trading, the time of day that you will be dealing and the strategy you intend to use to inform entries and exits.
Create Goals
Create a checklist of objectives you will meet before switching to a real-money account.
Examples of goals could include executing 25 trades, achieving three months of profitable trading, or making 20% of your initial virtual balance back.
Log Results
A log or journal can be used to document successes and failures. This can help you pinpoint errors and improve trading strategies and systems. It is also good practice to get into before you start trading forex with real money.
Bottom Line On Forex Demo Accounts
The best forex demo accounts for beginners and novice investors will provide access to live trading conditions. Look out for the terms and sign-up requirements, including the size of the virtual bankroll and any expiry period. Also check for free registration and compatibility with a downloadable mobile app.
Use our list of the best forex demo accounts in 2025 to get started.
FAQs
What Is A Forex Demo Account?
A forex demo trading account is a virtual investing profile offered by online brokers. The aim is to recreate the experience of ‘live’ trading but with virtual funds. This means users can place trades, practise strategies or learn platform features in a risk-free environment.
Are Forex Demo Accounts Accurate?
The majority of forex demo accounts offered by the top UK brokers fairly accurately mimic ‘live’ conditions. This means providing real-time pricing that reflects current market conditions, including volume and volatility.
Which Brokers Offer A Free Forex Demo Account On MT4?
Some of the best brokers that offer unlimited access to a forex demo account on the MT4 platform include IG and EasyMarkets. Pepperstone does provide a free demo profile, however, access is restricted after 30 days.
What Should I Consider When Comparing Demo FX Accounts Online?
Before you open a forex demo trading account, decide what you want to achieve from your practice profile. Do you want to test a new strategy, learn how to trade on charts, or trial risk management alerts and tools? Also look at the size of the virtual balance provided and any time limits.
Are Forex Demo Accounts Rigged?
No – forex demo accounts are not rigged and the majority of profiles mirror real trading conditions. With that said, paper trading profiles do not always take into account slippage, requotes and the psychological pressures that come with live forex trading.