Forex Demo Account

What is the forex demo account?

The forex trading demo account is a training account, a perfect tool to study and be ready to trade with real money. Users can use the Forex demo account for free to develop ideas, improve strategies or test metatrader expert advisors with real market conditions. You can open a free demo account with one of our broker listed here.

What can be done with a forex demo account?

The forex demo account allows you to make known the functioning of the broker’s platform and real trading. After all the tests, the trader can opt to go to a real Forex account. The best technique is to try another broker and a new trading platform. In this way it is possible to make a comparison and to choose the right broker.

Trading online: what is and how to start

Trading online is an expression that has become increasingly used by savers and private investors. The passion for the financial markets is being rediscovered, also driven by the need of savers to find a way to make their capital return, given that the interest rates offered by traditional banking channels are equal to ZERO.

There are successful traders who have started trading for the sheer pleasure of discovering something new. While there are people who are wrong that it could be easily earned.

The sense of online trading is certainly a profession and, specifically, it refers to the financial markets. This term refers to the activity of buying and selling financial instruments made in order to make a high profit. In essence, trading corresponds to speculation on the financial markets.

How does online trading work?

To discover the meaning of online trading, it is necessary to study the most suitable tools for investing. This is not about the bank, but not about the financial council either.

Trading is based on online investment with three important characteristics:

• easy access to real-time prices with trading platforms
• management of monetary, physical and psychological costs
• and the manageability in a few clicks to open and close positions
• The most common financial tool for traders that allows all this is the CFD contract with online brokers [list of best cfd brokers for trading HERE].

All operations are managed thanks to a click and extremely intuitive platforms such as Metatrader. With CFDs you can invest in:

• forex currencies
• American stocks such as Apple, Netflix, Amazon or Tesla
• Stock indices like the DAX or the Nasdaq
• GOLD, SILVER and Platinum
• Petroleum
• Soy, orange juice, wheat, CORN and more

and you can invest to speculate both upwards and downwards by taking advantage of the market movements that are studied with the various online trading strategies

Unlimited Forex demo account

The platforms that offer an unlimited forex demo account have many advantages: there are no limits as you can do trial trading even for many months. All this using virtual capital but with real market prices. In the event of losses, these will be fictitious and not real. In fact it is possible to open another demo account again without deposit obligations. Finally, there are no fees, the demo account is free and can be used without paying anything.

The best Forex demo accounts are on XM and Avatrade.

Definition of real and virtual money

The virtual money present in the demo trading platform allows you to do everything you would do with the real account but without risk. The trader will receive quotes equal to the real account, for example the quote of EURUSD. However, both if he earns and if he loses these will only be virtual and therefore not withdrawable.

The trader opening the demo account can choose between:

• MT4 or MT5 account
• virtual account from 1000 euros or up to 100,000 euros
• ESMA leverage (up to 1:30) or non-ESMA (up to 1: 888 with XM or 1: 400 with AvaTrade)

VIX demo stocks volatiltiy trading account

If you want to train with trading strategies on the volatility of the stock indices and on the VIX (index of fear – read here more) you can use the free demo account of

• Avatrade
• or the Pepperstone broker