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BEST FOREX DEMO ACCOUNTS



Trading forex in a demo account is a great way to start operating in the world’s largest financial market. You only need a demo account with the online broker of your choice to get your feet wet. That involves selecting among the various forex brokers available, which requires some initial research on your part to determine the most suitable brokerage for your experience level and trading requirements.To get more news about Forex Demo Accounts, you can visit wikifx.com official website.
Best Forex Demo Accounts
These days you have a lot of options to choose from among the various online forex brokers to trade currencies through, although traders based in the U.S. have fewer choices as a result of regulatory restrictions.

Below you will find Benzinga’s picks for the top forex and/or contract for difference (CFD) brokers that offer demo accounts in 5 key categories. You will also find details about each broker along with a screenshot of the trading platform you can check out via demo account trading. After deciding on a reputable broker, you can get in touch with them directly to open and start trading in a demo account.

1. FOREX
FOREX offers a demo account to prospective clients and ranks as the best forex broker overall. You can practice trading up to 80 currency pairs on FOREX’s advanced trading platforms, even if you live in the U.S.

Non-U.S. residents can also use the popular MetaTrader platform that allows you to automate your trading plans and backtest new strategies.
2. eToro
eToro specializes in social trading that allows you to follow and copy the trades of expert traders who have an established track record with proven profitability.

eToro also lets you trade more than 2,000 different assets in a demo account, and virtually any trader should find its intuitive forex platforms and apps easy to use, although it does not support the popular MetaTrader platforms.
3. AvaTrade
If you want a substantial amount of virtual money to practice trading with, then AvaTrade offers an impressive sum of $100,000 to initially fund your demo account.

That makes this broker our top pick from a virtual funding standpoint.

AvaTrade also excels when it comes to the number and variety of trading platforms supported, which include MetaTrader, ZuluTrade and an impressive forex and options trading platform called AvaOptions.
4. easyMarkets
Beginner forex traders looking for a broker with the easiest-to-use trading platform will find easyMarkets a good choice to open a demo account with. Versions for phone, tablet and desktop devices are all available.
5. Plus500
Plus500 is a top CFD provider with over 1,000 assets available for trading in a demo account that includes 70 forex currency pairs, as well as stocks, cryptocurrencies, exchange-traded funds (ETFs), indices and options. The broker does not accept U.S. clients.

Plus500 desktop and mobile trading platforms have an intuitive interface that both novices and experienced traders will find very accessible to use for demo account trading. The broker also offers unlimited time on its demo accounts, which makes them ideal for building a long-term performance track record.