practice forex demo accountsBelow is the list of forex brokers with free demo accounts. Forex demo accounts are free of charge and usually have the same features as the real forex accounts. You can practice your forex trading skills with demo accounts before you start trading for real. Most forex demo accounts include a fully functional trading software with real time forex rates, professional forex charts, forex news, indicators and other necessary forex trading tools.

The benefits to opening a Forex demo account are clear. First of all you can learn how to use the trading platform of a selected forex broker and get to know forex market. It's much better then opening a real trading account without even knowing how the platform works, how to use the tools and where those tools can actually be found! We strongly suggest practicing everything on the demo platform before you decide switching to live forex trading. The second benefit of forex demo accounts is that forex market is an exciting and therefore extremely volatile market. With demo accounts you can develop a feel for forex market and learn how to use the charts and therefore increase your chances of profiting from forex trading once you start trading for real money. There is no cheaper way of gaining market experience than with free forex demo accounts!

So here are you top choices for best Forex Brokers with demo account: 

Brokers ReviewsRatingDemoLeverageBonusPlatformsMin DepositPayments
Freshforex9yes1:1000$101 Welcome BonusMetatrader 41Debit/credit cards, Neteller, OKPAY, W1, QIWI, Webmoney, Skrill, FasaPay, Contact, Wire transfer
eToro 8yes1:500-eToro Platform50Credit Cards, Debit Cards, Paypal, Neteller, Skrill, Webmoney, Wire Transfer
AvaTrade 8yes1:400100% AvaTrader, MetaTrader 4, MetaTrader Floating Spread, Mac Trading, Web Trading, Mobile Trading, Automatic Trading, AvaOptions100Credit Cards, Debit Cards, Skrill, Wire Transfer, PayPal, Neteller, WebMoney
InstaForex 8yes1:1,000$100 No Deposit BonusMetaTrader 4, Metatrader 5, Webtrader1Bitcoin, CashU, credit cards, EgoPay, Neteller, Skrill, Ukash, UnionPay, WebMoney, wire transfer
XM8yes1:888$30 no depositMetaTrader 4, Metatrader 5, XM Webtrader5Credit Card (Visa, Visa Electron, MasterCard, Switch, and Solo), Neteller, Skrill, Wire Transfer, Western Union, MoneyGram, WebMoney, China UnionPay, Local Bank Transfer, SOFORT, iDEAL, paysafe card, QIWI, CASHU, ABAOOS, MONETA, giro pay,Przelewy24,l Astro Pay Card, FasaPay
ForexMart8yes1:1,000$150 no deposit neededMetatrader 41credit cards, neteller, skrill, paypal, paxum
LiteForex 7yes1:50030% + 15%Metatrader 4, Metatrader 5, WebTerminal10credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one
FXCM7yes1:200-Trading Station II, MetaTrader 4, Active Trader, Forex System Selector 250Credit/Debit card, Online Check, Bank Wire, Paper Check
TFIFX6yes1:50050% on every depositMetaTrader4, WebTrader, Mobile500Credit/debit Cards, Wire Transfer
CMTrading6yes1:40015% matchMetaTrader 4, Sirix200credit/debit cards, Wire transfer, CashU ,Skrill
FxPro5yes1:500up to $1,000FxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium 100Credit/Debit Card, Bank Wire, PayPal, Neteller, Skrill
Plus5005yes1:20030%Plus500500Skrill, Credit Cards, Wire Transfer
Forex.com4yes1:200-ForexTrader platform (in-house), MetaTrader 450wire transfer, Credit/Debit Card, Check
HYCM4yes1:40025% up to $5,000Metatrader 4100credit cards, wire transfer, Skrill, webmoney
AdvancedMarkets4yes1:50-Advanced Trader/Pro/Prime, Fortex FX 500Wire, Check
Blueberry Markets4yes1:500MetaTrader 4100credit cards, wire transfer, POLi, Skrill
Priorfx4yes1:200Metatrader 4, Webtrader, Autotrade250wire transfer, credit cards, Skrill, Neteller, PriorFX prepaid card, Yandex, Webmoney, Qiwi, UnionPay
FXDD3yes1:200-MetaTrader4, FXDD Trader, Power Trader, FXDD Auto, MTXtreme100Wire, PayPal, Check, BPS
Tallinex3yes1:1,000Metatrader 4100credit cards, wire transfer, Skrill, Neteller
Oanda3yes1:50Metatrader 4, FXtrade1check, Credit cards, PayPal, Wire transfer
iFOREX3yes1:400-FXnet Trader100credit cards, wire transfer
FastBrokers3yes1:200-MetaTrader4, Fastfx Trader, Fastfx Integral ECN2500Wire, Credit Card, Paypal
FBS3yesup to 1:1,00030% deposit Bonus, $5 no-deposit bonus, FBS Deposit InsuranceMetaTrader 4 (PC, Mobile Devices)1Credit/debit cards, Wire Transfer, Skrill, FBS Deposit Card, Neteller, OK Pay, EGO Pay, CashU, RBKMoney, Perfect Money, DixiPay, Western Union, MoneyGram, Anelik, Contact, MedanGold, PmahPoin, BorneoExchanger, Jofi Changer, Multi Changer, KliksTukar, FasaPay, Universal exchanger
Tickmill3yes1:500-MetaTrader 4, Webtrader25wire transfer (commission are charged), credit/debit cards, Skrill, Neteller, FasaPay, UnionPay and WebMoney
TenkoFX3yes1:500MetaTrader 4, Webtrader10Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi
Z.com Trade3yes1:200 Z.com trader web, Z.com trader pro (demo account only)1credit cards, wire transfer, china unionpay, skrill
Saxo Bank2yes1:100n/aSaxoTrader5000Wire
AAAfx2yes1:200up to 30%ZTP, MetaTrader 4, Binary options webtrader, Zulutrade300Wire, Credit Card, Skrill, Neteller, giropay, EPS, directpay24, teleingreso, ideal, qiwi
XTB2yes1:200Metatrader 4, xStation, xMobile250Credit cards, Neteller, Paypal, Skrill, Wire transfer
CityIndex2yes1:400-MT4 (MetaTrader 4), Advantage Web, Advantage Trader, iPhone, Android, Windows Phone App, iPad and Tablet App100Credit/Debit Cards
Tifia1yes1:1,000Metatrader 4, webtrader10wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay
MBAtrade1yes1:500Metatrader 4 10wire transfer, credit cards, Paypal, Skrill, Payeer, OKPAY, Perfect Money, Fasapay
RealTrade1yes1:50030% welcome bonusMetaTrader 420Credit Cards, WebMoney, and Wire Transfer
FXOpen1yes1:500$100MetaTrader 41Wire, WebMoney, AlertPay, CashU, c-gold, PerfectMoney
House of Borse1yes1:100MetaTrader 450000credit cards, wire transfer
Igofx1yes1:1,000Metatrader 41wire transfer, credit cards, perfect money
ViproMarkets1yes1:500MetaTrader 4 25credit cards, Neteller, Skrill, Wire transfer
MXtrade1yes1:400Apple watchMetatrader 4, Webtrader250Skrill, credit cards, Neteller, Western Union, WebMoney, MoneyGram, YandexMoney CashU, Alipay
Neferma1yes1:500Neferma Trader10Credit cards, Skrill, Neteller, Qiwi, Webmoney, Lavapay, Bank Transfer
Fort Financial Services1yes1:1,000MetaTrader 4, CQG, Ninja trader, binary options5Credit cards, webmoney, Skrill, Neteller, perfect money, fasapay, wire transfer
Formax Prime Capital1yes1:200MetaTrader 41000Skrill, Credit cards, Wire transfer, Neteller
TraderTrust1yes1:200100% upto $5,000SmartForex100Skrill, Credit Cards
MEX Exchange1yes1:500Metatrader 425Neteller, Skrill, Fasapay, UnionPay, Credit Cards, Wire Transfer
DFMarkets1yes1:200ask!DFTrader, DF WebTrader, DF Mobile100Bank wire, Credit/Debit cards
IronFX1yes1:50040%Metatrader 4100credit cards, Fasapay, neteller, qiwi, skrill, webmoney, wire transfer
Tegasfx1yes1:200Metatrader 4200wire transfer, Neteller, Credit Cards
Forexer1yes1:500Forexer platform (Metatrader 5 version)200wire transfer
CMS Forex1yes1:50VT Trader, MetaTrader 4250Credit/Debit Cards, Wire Transfer
StoxMarket1yes1:500MetaTrader 4, Webtader1000Credit Card, Wire, CashU, Paypal
Simplefx1yes1:100MetaTrader 4 and in-house web-based platform1Wire transfer, Credit/debit cards, Skrill, Neteller, Astropay, Webmoney, FasaPay, Qiwi, Moneta, ru, Yandex, China UnionPay, Bitcoin and litecoin
Synergyfx1yes1:500MetaTrader 4500credit cards, skrill, wire transfer
Financika1yes200:1Profit, WebProfit, MetaTrader 4250 credit cards, wire transfer
FCI Markets1yes1:100Currenex, FCI NetStation, MetaTrader 4250credit cards, neteller, skrill, wire transfer
Fortrade1yes1:200Fortrader500wire transfer, credit cards, skrill, neteller
FXBM1yes1:500Metatrader 450Wire Transfer, Credit Cards, Skrill, Neteller, Trasuz, FasaPay, MegaTransfer
FXGiants1yes1:500MetaTrader 4500credit cards, neteller, paypal, skrill, unionpay, Webmoney, Wire Transfer
FXGlobe1yes1:500MetaTrader 4250Credit cards, Neteller, Skrill, Wire transfer
FXlider1yes1:200MetaTrader 4, Sirix, ZuluTrade, FXlider mobile, FXlider Copy Trader, FXlider Trader100wire transfer, credit cards, neteller, skrill
FXonus1yes1:500MetaTrader 4500Credit Cards, Skrill, Neteller, Wire Transfer, China Union Pay
FXoro1yes1:400Metatrader 4200credit cards, wire transfer, skrill, neteller, ecoPayz, CashU
FXprimus1yes1:500Metatrader 4100Bitcoin, China UnionPay, FasaPay, Neteller, Skrill, Wire Transfer
Infinox1yes1:300Metatrader 4100credit cards, wire transfer, skrill, neteller, china unionpay
Itrader1yes1:500MetaTrader 4, Webtrader (in-house), Mobile250wire transfer, credit cards
JCMFX1yes1:1,000MetaTrader 410credit cards, FasaPay, Wire Transfer, Neteller, Skrill
Larson&Holz1yes1:500Metatrader 4, Web Trader100credit cards, wire transfer, neteller, paypal, Yandex, liqpay, alfa click, beeline, mtc, perfect money
LCG1yes1:500MetaTrader 4, LCG Trader (web-based, ECN accounts only)1wire transfer, debit/credit cards, Skrill
LMFX1yes1:1,000100% match bonus, 15% recoveryMetatrader 4, Webtrader50credit cards, Fasapay, neteller, okpay, skrill, wire transfer
LQDFX1yes1:500MetaTrader 4, xStation20Wire transfer, Credit cards, Skrill, Neteller, Unipay, FasaPay, SoFort, iDeal
Mahi FX1yes1:100Metatrader 4, MahiFX1wire transfer, credit cards
Paxforex1yes1:500No deposit $7 bonus – cannot withdrawMetaTrader 410Credit cards, FasaPay, Neteller, OKPAY, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire Transfer
Pricemarkets1yes1:400MetaTrader 4 ECN, Currenex ECN, Integral FX, Liquid-x, Hotspot FX500wire transfer, credit cards
Rallytade1yes1;1,000Metatrader 4, xStation (web-based), xSocial, xOptions100credit cards, neteller, skrill, Interswitch, Pocketmoni, etraszact, perfectMoney, WebMoney, VoguePay
Range Markets 1yes1:500Metatrader 4100Neteller, Credit Cards, wire transfer
Rekuten Securities1yes1:50MarketSpeed FX, Trading Station (inherited from FXCM)1wire transfer, checks, ATM (only for local residents)
Roboforex1yes1:500MetaTrader 4, cTrader1credit cards, QIWI wallet, webmoney, Yandex.money, RBK money, Skrill, FasaPay, CashU, Payoneer, China UnionPay, Neteller, Perfect Money
Templefx1yes1:400MetaTrader 4, TempleFX Trader (web-based)50Wire transfer, credit cards, Skrill, Sofort, Neteller, UnionPay
Tixfx1yes1:300$100 first depositMetatrader 4500wire transfer, credit cards, Webmoney, CashU, UKPAY, QIWIwallet, perfect money, Fasapay, Neteller
Tradeo1yescredit cards, wire transfer, Skrill and Neteller20%Tradeo webtrader, Metatrader 4250
Tradersway1yes1:1,000Metatrader 4, ctrader0Skrill, Neteller, Perfect Money, Webmoney, QIWI, MonetaRu, EasyPay, Boletto, CashU
TradeV1yes1:200https://www.forexexplore.com/forex-brokers/tradev-reviews500Credit cards, wire transfer, CashU, Skrill, Qiwi, UnionPay, Neteller, Webmoney, Paypal
Trading2121yes1:200Trading212100wire transfers, credit and debit cards, PayPal, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay
Tradize1yes1:1000https://www.forexexplore.com/forex-brokers/tradize-review100Skrill, Neteller, credit cards
TurnkeyForex1yes1:20000% deposit bonus; 30 days of commission-free trading; 30% rescue bonus MetaTrader 4, Trade Station5credit cards, wire transfer, neteller
Whaleclub1yes1:100in-house whaleclub web platform1bitcoin
XCFD1yes1:10050% welcome bonus in-house XCFD10credit cards, skrill, webmoney, giropay, unionpay, sofort, neteller, bitcoin, wire transfer
AGEA0yes1:500-Streamster, MetaTrader 41Credit Cards, Wire, Skrill, Webmoney, e-Dinar, Neteller, FasaPay, Perfect Money
CMCMarkets0yes500:1-Next Generation web-based1Credit cards, Wire Transfer
Dukascopy0yes1:500-Dukascopy250Wire, Bank Guarantee, Standby letter of Credit Segregated Accounts
AAAECN0yes1:200MetaTrader 4100credit cards, wire transfe
ActivTrades0yes1:400Metatrader 4, Activtrader100Credit Card, Wire transfer, neteller, skrill, sofort
Hotforex0yes1:1,000100% bonusMetatrader 4, mobile platform, rapid trader fix/api5credit cards, skrill, Unionpay, neteller, wire transfer, webmoney, fasapay
AdmiralMarkets0yes1:200n/aMetaTrader 410Wire
Alpari0yes1:50050% WelcomeMetaTrader 41Debit or Credit Card, Wire Transfer
FinPro Trading0yes1:200100%Metatrader 4, zulutrade, Finopro station5credit cards, paypal, skrill, wire transfer
Blackwell Global0yes1:200-MetaTrader 4, Blackwell Pro, Mobile2000redit/debit cards, Neteller, Skrill, Wire transfer
EasyMarkets0yes1:100Metatrader 4, EasyMarkets web-based platform100credit cards, neteller, Skrill, Webmney, wire transfer
OctaFX0yes1:500up to 30%MetaTrader 45Credit Card, Wire Transfer, MoneyBookers, LibertyReserve, CashU, PerfectMoney Trading Options
FxGlory0yes1:3,00050% up to $1,000MetaTrader4, Mobile1Credit/debit cards, Paypal
TrioMarkets0yes1:300-MetaTrader 4, Sirix Webtrader100Credit Card, Wire, Skrill, Neteller, Paypal and CashU
GTOptions0yes-150% up to $5,000SpotOptions250Skrill, Wire Transfer , Credit Cards, uKash, POLi, Sofort, Webmoney, Yandex, TrustPay, Swiff, Click2Pay, Bankdraft and others
Markets.com0yes1:200up to $2,000Meta Trader 4,MarketTrader, Market WebTrader, Market Java Trader, Market Mobile Trader, Market WAP Trader, Market iTrader, Market AutoTrader100Credit/Debit Cards, Wire Transfer, Webmoney, Local Payments
YouTradeFX0yes1:500up to $2,000Metatrader 4, Webtrader100Credit Cards, Skrill, Neteller, Paypal, Wire Transfer
24FX0yes1:400MetaTrader4, Sirix WebTrader, Mobile250Wire Transfer, Credit Card, Neteller, Skrill
Orbex0yes1:500MetaTrader 4500Skrill, Neteller, Wire Transfer, Credit Cards, CashU, Webmoney
AccentForex0yes1:50050%MetaTrader 410WebMoney, OkPay, Skrill, Wire Transfer, Credit Cards
GrandCapital0yes500:1$500 no depositMetaTrader 4, WebTrader10Credit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney
10Markets0yes1:200n/aMetaTrader 4, 10Markets WebTrader200Debit/Credit Cards, Wire Transfer
AlfaTrade0yes200:1-MetaTrader4, Webtrader500Wire Transfer, Credit Cards, Skrill, Neteller
Squared Financial0yes300:1-MetaTrader 4, mobile500wire Transfer, CashU, Credit Card, PayPal
Alvexo0yes400:1-MetaTrader 4, WebTrader, Mobile5000Cash-U, Credit Card, Webmoney, Wire Transfer
RubixFX0yes400:1-MetaTrader 4500Wire Transfer, Credit Cards
NSFX0yes200:1Metatrader 4, Webtrader, NSFX Jforex platform300credit cards, Skrill, CashU and wire transfer
FXGrow0yes200:1-MetaTrader 4, NetStation100Credit/Debit cards, Skrill, Neteller, OkPay, CashU, WireTransfer
Juno Markets0yes1:400-MetaTrader 4500neteller, skrill, credit cards, wire transfer
TeleTrade0yes1:20024%MetaTrader 4, Mobile2000credit cards, Wire transfer, Neteller, Skrill
KGIeworld0yes1:50-MetaTrader 41000Wire Transfer, Check
4xnetworks 0yes1:1000100% bonus MetaTrader 41Bank Wire, Webmoney, Credit Cards, RBKMoney, DIXIPAY, OKPay, IntellectMoney, YandexMoney, Qiwi, EgoPay, FasaPay, UnionPay, PerfectMoney, Neteller
Abshire-Smith0yes1:200Vertex fx, Metatrader 4, straticator500CashU, Neteller, Skrill, Wire Transfer
Adamant Finance0yes1:500Metatrader 41Bitcoin, CashU, credit cards, FasaPay, MegaTransfer, Neteller, OKPAY, QIWI, Webmoney, Yandex.Money
Alfa Financial0yes1:100MetaTrader 4, AX1Trader10000yes
AsiaFXI0yes1:40030%in-house platform100wire transfer, credit cards, Neteller, Skrill, PayPal
BlitzBrokers (IB for AxiTrader)0yes1:500MetaTrader 41Credit cards, Neteller, Skrill
CIBfx0yes1:200MetaTrader 4 100Paypal, Skill, Credit Cards, Neteller
Citypoint Trading0yes1:100MetaTrader 4, Vertex20credit cards, wire transfer
CMS Trader0yes1:200Sirix 500credit cards
Currency House0yes1:200xSocial1000credit cards
Darwinex0yes1:200MetaTrader 4, cTrader500Bank Wire, Credit Cards, UnionPay
Eightcup0yes1:500Metatrader 4100
Elxi Markets0yes1:200MetaTrader 4100Wire Transfer, Skrill
ETX Capital0yes1:200 ETX Trader Pro, Metatrader 4, ETX binary100credit cards, wire transfer, firopay, neteller, skrill, sofort, china unionpay
Hydra Markets0yes1:1,000Metatrader 4100Skrill, Neteller, credit cards
Swissmarkets0yes1:500Metatrader 4, Webtrader200credit cards, wire transfer, neteller, skrill, iDEAL, giropay
Topprofx0yes1:100035%Metatrader 410not listed!
Trade3600yes1:1,00035%, $60 no deposit for real accountTrade360100credit cards, skrill, neteller, wire transfer

 

Almost all forex brokers provide demo trading account, however the features of each need to be reviewed. The top Forex Brokers would give the clients the ultimate access to unlimited in time trading account with sufficient amount of virtual money to practice with. When you run out of the demo cash, the account can be replenished upon request without any trouble. 

The advantage of unlimited demo account is obvious. You can go on and practice all kind of different trading styles and scenarios, even if you already have a real account running along. Backtesting ideas, going over unique trading opportunities and perfecting your trading plan is one of the crucial points in becoming a full-time online currency trader.

Think about it. When you can easily open a demo trading account with one of the top rated Forex Brokers, you can not only practice the trading itself but also review the features of the platform, learn the navigation, figure out whether the platform is user-friendly and offers the necessary innovative features you seek in a broker. After you master the technique and the flow of the platform, you can easily navigate your way through the platform during live trading, where the real money is involved.

Most Forex Brokers today offer welcome bonus for new customers who are interested in switching from their demo forex account to the real money trading. Every broker is different when it comes to promotional offers. Some go all the way to 100% match bonus while more strict brokers might not have any type of bonus system at all, mostly due to its regulation requirements.

In this section, we have grouped the comprehensive and very detailed list of our top rated Forex Broker reviews based on various rating factors, such as license an regulation, trading platform performance, overall trading conditions and features, educational material available for the customers, and practice account availability.

 

What is Forex Demo Trading Account?

In simple words, demo account is a simulation of the live account, with virtual money used for practice instead of real money deposits. You can use demo account to learn forex trading and whether you lose a trade or win a trade, you do not risk your own capital because you play with demo money given to you by the broker. The virtual funds can only be used for demo trading and of course not available for withdrawal or transfer to live account.

 

Forex Demo Accounts : List of 10 top demo accounts for forex trading

We are all familiar with the famous phrase "Practice Makes Perfect". Without trying out the virtual simulation of the currency market, it is impossible to learn trading Forexonline, how the currency pairs react to news release and how to use the platform available to you without getting lost. Risk free environment helps you to concentrate of the basics of trading without worrying about losing your own money.

 

We are pleased to offer you our wide selection of Forex Brokers carefully reviewed and checked. These hand-picked brokers offer their clients demo trading account absolutely free of charge and no risk involved to your own money. Demo accounts can be opened in a blink of an eye without the need to provide credit card information or any types of deposit. If you fall into such fraud where a broker requires you to make a deposit before using the demo account, definitely ditch that company and move on to another, decent Forex Broker that doesn't use clients for its own benefits.

 

As mentioned previously, the losses or profits made during your demo trading cannot be used in real account trading, but rather stay within the virtual balance which you can use to back test and practice more in order to master your skills or try out new strategies you find useful for your trading portfolio.

How to Find Best Demo Trading Accounts ?

Not every Forex Broker wants you to practice demo for unlimited amount of time. You will see that there are many Forex Brokers are are actually against such feature and give you a maximum of a month to work the demo account. There are, however, the decent brokers who give the clients the unlimited time and cash to demo trade.

Forex Brokers with unlimited practice account is beneficial not only to beginner trader, but also to experienced pro who wishes to explore new opportunities and skills without putting his real money at any kind of risk. It is useful to open a demo trading account with the best Forex Brokers online to be able to explore all the capabilities of the trading platforms and experience the quality of the available features with demo cash.

 

The Truth About Forex Demo Account

Demo account is a perfect way to practice online currency trading with full features of the platform and access to the real market data. Using Forex demo account you can easily understand how online trading actually works for specific currency pair. You can also work on real data and live feeds and experiment with the market moves due to latest economic releases. Demo account is just what it sounds like - it is a practice account. You do not make or lose your funds but rather use the virtual cash to do the trading. Without risking your own money you can concentrate on understanding forex strategies.

Selection of Forex Brokers

It is important to do your homework and compare the features of each Forex Broker you are interested to. Demo account might be a breeze, but you must be satisfied with the trading conditions available to you in live account too. Otherwise the whole purpose of demo trading is not completely fulfilled. We are all different in what we seek when it comes to online currency exchange, and it is useful to go over the reviews and the benefits of Brokers in order to make a smart decision.

Our comprehensive guide provides you with detailed read on Demo Forex trading accounts and updated Forex Broker reviews, making it easier for you to do the comparison, find the features you are interested in and focus on the selection of the broker you want to trade with.

 

Features of a Demo Trading Account

In demo accounts you must check whether the prices shown to you on the platform are real live values and not manipulated by the broker itself to make you feel superior trader before you even got your feet wet. Another important aspect is to get decent amount of virtual money into your demo account. You might want to review whether the broker offers web-based platform or download and based on your preferences, choose the broker that provides you with the platform that you feel most comfortable with. 

Keep in mind that even the best demo account with all the live-like features, real market conditions and live feeds do not completely mimic the real trading. It is unlikely that as a new trader you will fund your trading account with $100,000 right away. With that being said, always remind yourself that demo account gives you a virtual tour of forex market and doesn't prepare you to the emotional ups and downs involved in trading from the psychological point of view.

 

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