Forex Account — Open Trading or Demo Account 2020

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

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.


Open FXTM account
  • Regulated Broker
  • Advanced risk management and strict segregation of funds
  • Flexible Leverage
  • Tight spreads starting from 0 pips
  • 120+ trading instrumentss
  • Large variety of tailor-made account types
  • Full feature trading platforms for desktop/mobile devices
  • Various secure and trusted payment methods
Open Libertex account
  • 210 tradable assets: Stocks, Cryptocurrencies, Currencies, Metals, Indices
  • CySec regulation
  • Ready trading solutions in Libertex online platform
  • Profit Withdrawal within one day
  • Trading without spreads and hidden commissions
  • 100 international awards
  • 120 countries covered
  • €50000 Demo-account
  • Practice Trading Forex Risk Free
  • Demo account features
  • Variety of trading platforms
  • Live buy & sell prices
  • $50,000 of virtual money
  • Trade online, 24-hours a day, 5 days a week
  • FCA, ASIC, SFC, CONSOB, BaFin, ACP Regulation
  • Indices, Commodities, Treasury, Forex
  • Low spreads 0.2-1

  • 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
  • CySEC, FCA, FSB, DFSA, SCB regulation
Open Forex4you account
  • CySEC, FSC, FSB, FCA, BaFin regulation
  • zero spreads
  • PAMM System
  • 1000:1 leverage
  • variety of trading tools
  • lightning fast execution
  • innovative forex systems solutions
  • interbank spreads and liquidity
Open XM account
  • Licensed by IFSC, CySEC, ASIC
  • Over 3.5 million clients
  • Over 1000 instruments
  • No requotes execution, no rejection of orders
  • Spreads as low as zero pips
  • Min. deposit of 5$
  • Zero fees on deposits/withdrawals
  • Daily market news, technical analysis, trading signals
  • Free webinars 7 days/week

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
Open Alpari account
  • FCA regulation
  • Leverage up to 1:1000
  • Low spreads from 0 pip
  • Trading platfroms: MetaTrader 4, MetaTrader 5
  • Safe, secure and totally transparent trading
  • All experience levels
Open Vantage FX account
  • 300+ Tradable Instruments
  • Multiple Trading Platforms Available
  • Next-gen Client Portal
  • Award-winning Leading FX and CFD Broker
  • Trade FX, Indices, Commodities, Share CFDs
  • STP and RAW ECN Accounts
  • Free trading signals and market analysis
  • Trading Tutorials and Trading Tools

Open Moneta Markets account
  • 300+ Tradable Instruments
  • Next-gen WebTrader Platform
  • AppTrader for iOS and Android
  • Start trading live in just minutes
  • Trade FX, Indices, Commodities, Share CFDs & Cryptos
  • $200 Minimum Deposit
  • Wide Range of Free Educational and Trading Tools
Open ForexTB account
  • Zero trading commissions
  • No deposit fees
  • Ultra-low spreads
  • Choice of platforms: MT4 Web-Desktop-Mobile & ForexTB WebTrader
  • Extensive education hub
  • Free Trading Central signals
  • Dedicated account manager
  • 24/5 multilingual support

 

Read our extended Forex Guide to find out how to choose the Best Forex Broker 2020.

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