Compare the 6 best forex demo accounts in 2025

Trade your favourite markets with our top-rated broker, eToro.

eToro 4.6/5

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

There are plenty of forex brokers that will happily take your business. But not all trading platforms are created equal. Using a practice account will enable you to make a more informed decision when choosing one.

Our forex trading experts have rated and reviewed the best forex brokers with demo accounts and you can find out which ones scored highest right here. Each platform listed on this page has been tested by our team and rated on various data points and criteria to give our final ratings.

Best fx demo accounts overall for 2025

What are the best forex demo accounts?

The best forex demo account, according to our expert rankings, is eToro . Below are three more demo accounts that scored the highest for their ease of use, flexibility, and how well they match up to a real trading experience.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

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eToro review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4.5

Plus500

Min. Deposit $100

Fees From 2%

No. assets 2800+

Demo account Yes

Visit site

Plus500 review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Best forex demo accounts

Min. Deposit n/a

Fees -

No. assets n/a

Demo account -

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Top 6 forex demo accounts, reviewed

1. eToro. Best for beginners, copy-trading & demo-account

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4.5

Ratings

$100

Min. deposit

From 1 pip

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s an easy place to trade the currency markets. Forex can be intimidating, but eToro strips back the complexity to give you a platform where you can trade 50+ currencies at competitive prices and with up to 30x leverage*.

*CFDs trading is restricted for US users.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see how all the major and minor forex pairs are performing every day, track how investors feel about every one of those currencies, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: eToro charges a fee on currency trades through the spread. Spreads are variable depending on the currency and start from 1 pip for EUR/USD trades, 1.5 pips for EUR/GBP, and 2 pips for GBP/USD. Overnight and weekend fees apply.

Highlights

No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN

Fees & Costs

Trading fees	Yes, on certain assets
Inactivity fees	Yes
Rollover/overnight fees	Yes, on CFDs
Withdrawal fees	Yes
Spreads	Yes, on certain assets
Conversion fees	Yes, for non-USD currencies

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Read review Visit eToro

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2. Plus500. Best for international trading*

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4.5

Ratings

$100

Min. deposit

From 0.08%

Fees

2,800

No. assets

Yes

Demo account

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you trade. Its technology driven platform gives access to forex futures for over 10 symbols. 

Plus500 has something for all types of forex traders, no matter what level of experience. Its low margin requirements (starting at $40) and different contracts make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

No. of tradable assets	2800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, ASIC, FMA, FCA, CySEC

Fees & Costs

Trading fees	No
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools

No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Read review Visit Plus500

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What is a forex demo account?

Forex trading demo accounts are trading simulators or practice accounts that mimic real accounts, except that they are funded with fake money. It’s a great way to get a feel for how a platform works. Plus, if you’re new to investing, a demo account enables you to get used to the speed and intricacy of forex trading without incurring any actual risk.

How do you use a demo account?

The point of a forex paper trading account is to try out all the features that a trading platform has to offer, without actually risking any money in the process. Just sign up as you normally would, trade as you normally would, then, if you’re happy after your test-drive, you may decide that you’re ready to fund a real account, using real money.

This is the best time to find the best forex demo trading accounts for you and start practising higher leverage trading. If you’re going to make a mistake, make it with fake money!

What is a contract for difference?

Contracts for difference (CFDs) are investment derivatives that let you speculate on the price movement of investment assets, such as pairs of foreign currencies. You’re betting on how those currencies will move about each other, but you don’t actually own the currencies you’re trading. 

Even though you’re not putting real money on the line when using a demo account, getting to know the ins and outs of CFD trading will help you when it’s time to dive into the real thing.

What should I look for in a forex demo account?

Find a regulated platform

Obviously, with demo trading, there’s no risk of you losing your capital. Still, you’ll want to make sure that the platform on which the demo account lives is compliant with all the relevant regulatory bodies. 

That way, if you decide you like the way the platform works in demo mode, you can start trading with real money, safe in the knowledge that your platform of choice is fully regulated. In the USA, the Commodity Futures Trading Commission (CFTC) regulates forex trading. Here is the regulatory status of some of the top forex demo accounts:

Find a realistic platform

A good demo account should replicate a real-money account in as many ways as possible. We discuss some of the differences that are likely to arise in the FAQ section below. The fewer the discrepancies between a demo account and the real thing, the better prepared you’ll be to make trades with real money.

Variety of payment methods

Again, treat your time trading in a demo account as an opportunity to scrutinise everything the platform has to offer. Pick a CFD platform that allows you to deposit and withdraw funds in a way that works for you, be that PayPal or credit or debit card.

Suitable deposit and withdrawal limits

Exercising a sensible degree of caution is never a bad idea if you’re new to forex trading – which is why forex trading demo accounts make so much sense. If you’re a novice you may also want to put in a smaller deposit when making your first forex trades. Choose a CFD platform that suits your needs when it comes to deposit (and withdrawal) limits.

Good reputation

Many CFD trading platforms have a long enough track record to rack up a healthy number of user reviews. These user reviews are a great way to gauge the quality of a platform’s reputation. Gauging the tone of media coverage and looking up the number of impactful awards won by that platform can also be instructive.

Educational tools and features

If you’re a beginner just testing the waters, then finding a forex demo account that also offers a good selection of educational content is an ideal place to start. Some brokers are better than others when it comes to education, so take the time to look around and find one that will help you learn while you practice.

Design and ease of use 

One of the biggest benefits of trading with a demo account is that you get to figure out how easy a platform is to use before pouring in your hard-earned money. With so much competition out there, you shouldn’t have to settle for a poorly designed, hard-to-use service.

Variety of currency pairs

Seven currency pairs dominate forex exchanges, with the British Pound, US Dollar, and Euro among the most popular fiat currencies traded. Of course there are many more currencies around the world, about 180 all told.

If you’re looking for more variety when you’re ready to progress beyond demo trading, look for a broker that allows a wider range of trades. Here are some of the top FX pairs available on the best demo accounts forex:

Many of the best online forex brokers with demo accounts also offer access to a variety of other markets like stocks and crypto. Here’s a closer look:

Why should you use a forex trading demo account?

There are lots of reasons why you should use a forex trading demo platform. If you’re a beginner, a demo FX account is the perfect place to practice your skills. If you’re an experienced trader, then a demo trading forex account can help you test new strategies in a risk free environment. Here’s a few more reasons: 

• Learn how to trade forex. A demo account for forex trading allows you to practice and learn how to navigate the trading platform, place orders, and manage positions without risking real capital. This is especially beneficial for beginners who are new to trading forex.
• Backtesting a new strategy. Demo accounts for forex and CFD trading provide virtual funds and a simulated market environment, enabling you to test trading strategies and assess their effectiveness before implementing them in a live account.
• Practice with new indicators. Many forex brokers offer demo trading accounts with a wide range of technical indicators and analysis tools. This allows you to practice trading with new indicators and familiarise yourself with their functionalities before applying them to your live trading.
• Testing forex signals and forex robots. If you plan to use automated trading strategies from the best forex EAs or forex signals, a demo account with forex brokers is an ideal way to test their performance and compatibility with MT4 and MT5 platforms without risking real capital.
• Trialling a new forex broker. Before committing to a live account with a new broker, you can use their demo trading account to evaluate the trading platform, execution speeds, and overall trading experience. This helps you determine if the broker meets your requirements before engaging in live trading forex.

Methodology: how we choose the best forex demo accounts

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 63 forex trading platforms to provide our users with clear, accessible guidance on the demo investing options available. All testing is carried out by our panel of forex experts, analysts, and active traders who sign up to each broker, conduct research, and score each service.

Our tests are designed to find foreign exchange platforms that offer a beginner-friendly, secure demo trading experience at a fair price. To supplement our practical testing and experience, we research each service to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each forex broker is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual brokers to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.

FAQs