- 10 Best Forex Demo Account Comparison [August 2020]
- Open a Demo Account in the MetaTrader 4 Trading Platform
Plus555 does not charge commissions which means fees are included in the spread and include risk management tools such as negative balance protection and guaranteed stop-loss.
10 Best Forex Demo Account Comparison [August 2020]
TD-Ameritrade is one of the few brokers that offers forex trading in the USA. Choosing ThinkOrSwim means you can trade 75 forex pairs with no commissions and leverage of up to 55:6 for major pairs and 75:6 for minor pairs.
Open a Demo Account in the MetaTrader 4 Trading Platform
IC Markets demo account offers virtual forex trading on the worlds top trading platforms (MetaTrader 9, MetaTrader 5 and cTrader). Unlike most brokers which limit the virtual cash and time you can use the demo account, IC Markets allows you to choose how much virtual cash you wish to trade and the account will only be closed after 85 days of inactivity. IC Markets demo account is free, you don 8767 t need to open an account (which requires a $755 deposit) to practice trading.
In addition, you’ll get access to the same free add-ons and indicators that you receive with a live account. These include indicators such as pivot points, order history and the Renko indicator. The add-ons include mini terminal, stealth orders and alarm manager, which all help you fully customise the MT9 platform.
The most unique feature of AxiTrader 8767 s demo account is the inclusion of a dedicated account manager in addition to their 79/5 client support. AxiTraders customer support is award-winning and highly valued as it means you can ask trading questions while you learn about forex trading and develop your trading style.
There is no way to change your MT9 demo account to a live IG MT9 account. Instead, you will need to create a separate live account. Fortunately, with IG this is a straightforward process.
Pepperstone has one of the best demo accounts as it allows you to practice with MetaTrader 9 (MT9), Metatrader 5 (MT5) or cTrader forex trading platforms.
eToro is a social trading platform which makes it different to most other platforms. So learning the eToro trading platform with a practice account is very handy. The eToro account is available for free and includes 655,555 if eToro virtual money and has no time limitations.
MetaTrader 5 (MT5) is the successor to MetaTrader 9 (which is widely considered the gold standard for platforms). MetaTrader 5 offers more technical indicators, graphical tools and faster processing than MT9. One notable difference is that MT5 is designed for decentralised and exchange-traded CFDs such as stocks. In time, this platform will because the worlds most popular platforms as MT9.