Open Forex Trading Account or Forex Demo Account

Before opening a forex account you should decide what account type you need. It can be a demo account, a mini forex account or a standard account. Demo and real accounts are exactly the same in every respect except one - there is no capital at risk when trading on the demo forex account. Currency rates available in the demo forex system are exactly the same as those in the trading forex platform.

Forex brokers do every effort to make sure that demo users get the full and complete picture of what will be available to them when they open a live forex account. A standard account will suit those who already have some skills and experience in trading real money and feel confident on the forex market. Mini forex accounts are a great opportunity to take a crack at this business as the contracts sizes are smaller. We usually recommend starting with forexdemo accounts to understand all advantages and disadvantages any given forex broker has. After you receive some forex trading practice and experience with a forex demo account, you can choose between mini and standard forex accounts.

One more option to choose is to open a forex managed account. The major difference between the above listed types of accounts and the managed one is that an experienced manager trades your money on your behalf and is paid for this. This might be really helpful for the beginners who may be lost or confused by the vast choice of forex trading accounts, brokers, or simply do not have enough time to trade themselves. There still may be risk to bump into a scammer. That is why we strongly recommend checking forex managed accounts reviews before making a decision. Your first steps will be choosing a forex broker, trading conditions, and account size. Opening a forex trading account is like opening a bank account. You need to provide your forex broker with personal information in order to identify yourself. Very often this information is required by regulators. You'll also have to sign the risk disclosure. It reminds you that forex trading is risky and requires a thoughtful approach.


  • Trading 24 hours a day from Sunday 5pm ET - Friday 5pm ET
  • Commission free trading (FOREX.com is compensated through the bid/ask spread)
  • Web-based trading platform requires no download or installation
  • Free access to charting, news and research
  • 24 hour customer support
  • Mobile trading available.
  • No Dealing Desk Execution
  • S.T.P. direct to the Market
  • From 0 pips spread
  • Level II Pricing with full market depth
  • No requotes
  • Partial fills
  • Market Execution of Orders
  • cAlgo for automated trading

Practice Trading Forex Risk Free

Demo account features:

  • Live buy & sell prices
  • $50,000 of virtual money
  • Trade online, 24-hours a day, 5 days a week

  • 100% Credit Bonus
  • Zero Spread Account
  • $0 Fees on Deposits
  • Free Education - Webinars
  • Security of Funds - Segregated Accounts
  • Regulated by FSC & CySEC
  • 1:1000 Leverage
  • PAMM services
  • 7 Trading Platforms
Open FBS account
  • Minimal deposit of $1
  • Spread starting from 0 pip
  • Leverage up to 1:3000
  • 29 currency pairs, 2 metals
  • Split-second execution
  • No requotes
  • Minimal order volume of 0.01 lot
  • Quotes precision of 0.00001
  • Trade with any advisors or strategies
  • Customer support in 13 languages
HYMarkets
  • Regulated by the FCA of the United Kingdom
  • Safety of Client Funds policy and FSCS protection
  • Accounts starting with only US$50
  • Free demo accounts
  • Trade forex, oil/gas, metals, commodities, indices and stocks from a single integrated account
  • Up to 400:1 leverage, low spreads, no commissions, instant execution
  • 24 Hours 5 Days a week customer support by phone, mail or chat

Open Fibo account
  • Minimum deposit is 300$
  • Leverage up to 1:400
  • Low fixed and floating spreads from 0 pip
  • Guaranteed execution of StopLoss and TakeProfit at stated price.
  • Protection from negative balance of trading account
  • Trading platfroms: MetaTrader 4, MetaTrader 5, cTrader
  • No restrictions for using trading strategies (scalping, trading on news) and electronic advisors
  • Services for investors - PAMM, automated trading, trust management
  • Quick and convenient withdrawal of funds
  • High partner remuneration (up to 32% from spread or up to 1 pip on all instruments)
Open FortFS account
  • more than 500 trading instruments
  • spread from 0.3 pips
  • order execution from 0.1 sec
  • support margin bonus
  • CopyTrading
  • investment service S.T.A.R.
  • deposit/withdraw without commission
Open FXTM account
  • Regulated Broker
  • Advanced risk management and strict segregation of funds held in top-tier banks
  • Leverage up to 1:1000
  • Tight spreads starting from 0 pips. u 120+ trading instruments including currency pairs, Spot Metals, CFDs on Commodity Futures, CFDs on ETF’s and Indices and Share CFDs
  • Large variety of tailor-made account types to suit the needs of any trader
  • Full feature trading platforms – available on multiple desktop and mobile devices
  • Various secure and trusted payment methods. Including credit/debit card payments, E-wallets and Bank Wire transfers

 
 
 

Iterested in opening Forex Trading Account?

We recommend to examine our article about Forex Account Types in detail. It contains general recommendations and will be useful for any trader.


Forex Brokers divided into categories