Demo Trading In Forex

 

What about Demo Trading?

Many forex trading sites offer demo trading to get you started.

There is nothing wrong with this. The intention is to give you a chance to get to know how the site works. Every trading site has some symbols and indicators that are special to the site itself, and each site has a few idiosyncrasies, so working on the demo site for a bit helps you to get the basics down.

The Best Forex Brokers + Trading Platforms

Rating Bonus Description Minimum Deposit Regulation Visit
5
  • Choice of two professional trading platforms – TraderPro and MT4
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€100

FCA

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ETX Capital Review
5
No deposit
£20
+ Up to £6000 on deposits
  • No commissions and low spreads
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€100

FCA,

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Plus500 Review
5
No Deposit
£25
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  • Free forex signals + market research
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$5

CySEC

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XM Review
5
  • The leading Social Trading platform with 4.5m traders
  • Follow other traders or be a leader
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$200

FCA,

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eToro Review
Risk Warning: Your capital is at risk
4.5
  • Stylish & Powerful Platform
  • Trade Bitcoin + 12 Other Top Cryptocurrencies
  • Plus Forex, Options, Stocks & ETF Trading

$10

IQ

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IQOption Review
Risk Warning: Your capital is at risk
4.5
Deposit Bonus
10%
+ Cash rebates on trades
  • World class trading platform
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  • FCA Regulated and traded on the LSE

0

FSA

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LCG (London Capital Group) Review
4.5
Up to
50%
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  • Trusted, regulated broker with 10 yrs experience
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$100

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AVATrade Review
4.5
Sign Up Bonus
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+50% Deposit Bonus (ex-EU only)
  • Free Guaranteed Stop Loss
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$100

ASIC

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Easy Markets Review
4
No deposit
$123
+100% on every deposit
  • Split second execution
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  • Range of accounts

$5

IFSC

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FBS Markets. Review
3.5
No Deposit Up To
$100
+55% Deposit Bonus
  • 'Asia's top broker'
  • Wide choice of leverage options

$1

RAFMM

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InstaForex Review
3.5
Up to
50%
Deposit Bonus
  • Instant fund withdrawals - no commissions
  • Tight spreads from 0.1 points
  • Unlimited leverage

-

FDR (

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EXNESS (NZ) Ltd. Review
3.5
Super Charged
100%
Deposit Bonus
  • 8 Trading Platforms
  • Spreads from 0.1 Pips
  • $0 fees on deposits

$5

FSC

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HF Markets Ltd. (HotForex) Review
3
Up to
100%
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  • Trusted by 100,000s of traders
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  • Tight spreads and fast withdrawals

$100

FSC

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FXPrimus Review
3
  • Tight spreads without commissions
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$100

CySec

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Markets.com Review

You should, however, be careful to not assume that trading on the demo site is in any way practice for trading with your own money. Why not? It is simply too easy to make dangerous decisions with symbolic money on a demo site that you would not (or, at least, should not) dare to make when trading with your own funds.

On a demo site, you just let a trade hang in there until it goes bad. You wouldn’t take such a risk if you knew it might cost you a great deal of cash. 

Doing symbolic trading induces bad habits, and takes the emotional edge off trading. Don’t make the mistake of using it instead of the real thing. Real forex trading is very tough, and it’s just not the same when there is no risk.

 

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Risk Warning

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

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