If you're interested in online trading, you've probably already heard of demo accounts. They allow users to learn Forex trading without the risk of losing their own money. Many popular brokers offer such training before moving on to real trading. These five are the best when it comes to demo accounts.
XTB offers free demo account trading using the xStation 5 platform and the xStation Mobile trading app. The broker offers a wide range of instruments in various markets, including 50 forex currencies and over 1,500 spot stocks.
For beginner traders, the XTB demo account has good trading tools. A market analysis service is available. With the XTB Trading Academy, regular webinars, free training courses and much more, you will have access to all the tools you need to complete your demo training.
The XTB demo will be available for 4 weeks. When you open the demo you will be asked to choose between a risk account, a standard account (which allows you to use MetaTrader 4) and a professional account.
eToro is a Cypriot broker that has been in existence since 2006 and is regulated by CySEC. It is considered as one of the best brokers for trading. It is also a world leader in social trading, which allows you to copy the investments of the best traders on the site.
The eToro trading platform is very easy to use, both for demo trading and live trading, and for all levels.
The eToro demo account is ideal for beginner traders. It allows you to trade both on your computer and on your cell phone. It only takes a few seconds to open a demo account. You will also get the right to use the entire eToro platform and a $100,000 virtual account.
If you also open a live account, it only takes three clicks to switch from demo to live account.
Avatrade is a world-renowned online broker based and regulated in Ireland. AvaTrade has a client base of over 200,000 traders, making it one of the largest players in the market.
This online broker offers MetaTrader 4 and MetaTrader 5 trading platforms, as well as the AvaTradeGo mobile app. In addition, the broker offers advanced trading tools that experienced traders will appreciate.
Avatrade Demo account allows novice traders to experiment with the trading platform and its various features.
AvaTrade Demo provides you with a virtual €100,000 before you decide to create a real account. The Avatrade Demo account can be used on a wide variety of trading platforms, including equity, Forex and CFD trading platforms, as well as a mobile app for demo accounts.
Libertex is an international stockbroker regulated by CySEC in Cyprus, in existence since 1997 and with over 20 years of experience in the financial market and online trading industry. Libertex claims to serve 2.2 million clients worldwide, covering 27 countries.
By opening a demo account with Libertex, you can learn to trade with professionals and take your first steps in the global financial markets without fear of making mistakes.
Traders on a free Libertex demo account can use the Libertex mobile app or the MetaTrader 4 platform and trade on a virtual €50,000 account. The demo account has no expiration date and you can use it at any time.
5. Admiral Markets
Admiral Markets is an online broker that has been in existence since 2001 and is regulated by the FCA in the UK. It is a popular broker for both beginners and experienced traders, offering low commissions and high quality services.
Admiral Markets is a MetaTrader broker and also offers a mobile app available with a free demo account. The broker offers a wide range of markets including a demo account for trading Forex, indices, stocks, commodities and cryptocurrencies such as Bitcoin.
When you sign up, you will be able to choose your own virtual account amount so that you can practice in conditions close to the real world.
By opening a demo account with Admiral Markets, you are also entitled to free trading training and support from a manager.