Best Demo Live Forex Trading Account

Best Forex Demo Account Review (2022)

Forex demo accounts are great for beginners to practise trading and test platforms such as MetaTrader 4 and 5. Demos’ are also good for experienced traders to do backtesting. Below we look at the top brokers with the demo accounts for 2022.

Written by

Justin Grossbard

With over 20 years investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. He has an Honours in Commerce and Masters degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

Edited by

Justin Hertzberg

Justin has over 13 years of experience in the forex industry and for over a decade has been the President & CEO of Forest Park FX, a CFTC registered, NFA member full-service foreign exchange and futures brokerage firm. He is also the CEO of FPFX Technologies to bridge the gap between what FX & CFD traders. He has an MBA in finance from the University of Miami Herbert Business School.

Reviewed by

Riley Adams

As a Senior Financial Analyst for Alphabet with an active CPA, Riley has a vast amount of financial knowledge. He has a Master’s Degree in economics at Penn State University and a B.A. & B.S., Economics at the Centenary College of Louisiana. He also owns the website Young and the Invested providing investing advice for young individuals.

Updated:

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Each month we update average spreads data published by the brokers the retail brokers lose %



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Demo Account

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Top Forex Demo Accounts

The 2022 forex demo account review focused on test trading platform features, easy of use and customer service.


74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider

77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd

77% of retail CFD accounts lose money

68% of retail investor accounts lose money when trading CFDs with this provider.

66% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Brokerage

EUR/USD Avg. Raw Spread

0.17

0.02

0.22

GBP/USD Avg. Raw Spread

0.59

0.23

0.80

AUD/USD Avg. Raw Spread

0.24

0.17

0.40

EUR/USD Standard Spread

0.75

0.62

0.80

3.00

1.3

EUR/USD Fixed Spreads

Commissions (USD Base)

$3.50

$3.50

$3.00

Minimum Deposit

$0

$0

$100

$200

$300

Funding Methods

16+

15+

3+

11+

8+

Markets and Instruments

Currency Pairs

62+

61+

71+

49+

42+

Cryptocurrency CFDs*

12+

18+

15+

46+

7+

Index CFDs

14+

16+

67+

13+

13+

Share CFDs

300+

100+

1816+

2000+

15+

Commodities CFD

9+

26+

22+

33+

12+

Stockbroking

2000+

Retail Max Leverage (Australia)

Major Pairs 30:1

Minor Pairs 20:1

Major Pairs 30:1

Minor Pairs 20:1

Major Pairs 30:1

Minor Pairs 20:1

Major Pairs 30:1

Minor Pairs 20:1

Major Pairs 30:1

Minor Pairs 20:1

Pro. Max Leverage (Australia)

500:1

500:1

300:1

400:1

500:1

Retail Max. Leverage (The United Kingdom)

Major Pairs 30:1

Minor Pairs 20:1

Major Pairs 30:1

Minor Pairs 20:1

Major Pairs 30:1

Minor Pairs 20:1

Major Pairs 30:1

Minor Pairs 20:1

Pro. Max. Leverage (The United Kingdom)

500:1

300:1

400:1

500:1

Retail Max. Leverage (Europe)

Major Pairs 30:1

Minor Pairs 20:1

Major Pairs 30:1

Minor Pairs 20:1

Major Pairs 30:1

Minor Pairs 20:1

Major Pairs 30:1

Minor Pairs 20:1

Major Pairs 30:1

Minor Pairs 20:1

Pro. Max. Leverage (Europe)

500:1

500:1

300:1

400:1

500:1

Retail Max. Leverage (UAE)

Major Pairs 30:1

Minor Pairs 20:1

Pro. Max. Leverage (UAE)

500:1

Retail Max. Leverage (Canada)

Major Pairs: 50:1

Minor Pairs: 33:1

Retail Max. Leverage (Singapore)

Major Pairs 20:1

Pro. Max. Leverage (Kenya)

Retail Max. Leverage (South Africa)

Balance:

0-50k 400:1

50k+ 200:1

Retail Max. Leverage (With offshore regulators)

200:1

500:1

300:1

400:1

Balance:

0-50k 400:1

50k+ 200:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Unique Feature

Smart Trader Tools

ECN pricing

Trade cannabis index

CopyTrader functionality

for automated trading

Large range of trading platforms

Overall

Our Rating

9.33

8.50

5.83

7.17

7.93


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Best Demo Live Forex Trading Account

Source: https://www.compareforexbrokers.com/best-forex-trading-platform/demo-account/

Posted by: derivbinary.com