Best Demo Forex Account Brokers

Top 5 Demo Account Brokers - Last update: 18th October, 2017

Rank Broker Name Trust Score Reviews
1 London Capital Group 99 / 100 London Capital Group Reviews
2 XM 99 / 100 XM Reviews
3 Xtrade 94 / 100 Xtrade Reviews
4 Plus500 99 / 100 Plus500 Reviews
5 InstaForex 80 / 100 InstaForex Reviews

The above table contains the top ranked forex brokers in our database for opening a demo account.

What is a demo forex account?

Demo accounts allow you to trade under real life market conditions but using virtual currency. Typically, brokers will allow you a demo account with $50,000 to $100,000 of virtual money.

If you are looking to try your hand at forex trading but without committing real money, the demo account is for you. Almost all forex brokers offer demo accounts but they all vary in sizes and restrictions. We have assessed the brokers in our database to score them in the following categories:

  • Virtual currency flexibility - Whether you get to choose how much virtual currency to start with
  • Competitions - If there are competitions with prizes on offer using demo accounts
  • Restrictions - Whether there are any time restrictions for use of the demo account
  • Realness - Whether the demo trading account mirrors real market conditions