Whilst this seems invasive, this is all part of KYC Know Your Customer , and is simply the broker following the rules set out by the regulator s that it is licensed by. For instance, when trading at eToro, your funds will be kept in a separate top-tier bank account, and SSL encryption will protect your personal data. The vast majority of online brokers will provide access to major and minor markets.

At eToro, you can trade 49 currency pairs, as well as thousands of other assets. Furthermore, when you swap over to your real account you will not pay a cent in commission fees.

The more you have to pay your broker, the fewer profits you will see. See below for the most commonly charged fees to trade forex online. As you can see, no two forex demo trading platforms are the same. Again, forex demo trading platforms differ in what they can offer you.

Which one is best for you will depend on various factors. For instance, how hands-on do you want to be? Some online brokers offer access to passive trading options like signals or the Copy Trader feature. As discussed in our eToro review, this enables you to copy a pro forex trader without needing to lift a finger.

This can be a helpful way to get a few tips on risk exposure and see how to manage market volatility. When thinking about how actively you want to watch the currency markets — think about how much technical analysis you wish to perform yourself. With this in mind, you will probably need to check whether the forex demo trading platform is compatible with MT4 for automated trading, indicators, adaptable charts, and such. Being able to find your way around the forex demo trading platform easily is essential to allow you to place an order quickly when the moment takes you.

There is no use signing up with a brokerage packed with features you will never use. A forex demo trading platform presents the perfect opportunity to get to know the broker and also the market before taking the plunge with your hard-earned cash. eToro and Capital.

com in particular offer a super user-friendly experience for both new and experienced currency traders. In other words, make sure the platform is regulated.

You can also take full advantage of real-world conditions by practicing risk management strategies. We talk about this shortly for anyone unaware of how to do this. One of the ways you can do this is to use a forex trading robot. For those unaware, this is a fully automated way to trade. The robot uses sophisticated software to perform technical analysis and then create forex trading orders on your behalf. This will be carried out on the forex demo trading platform you sign up with.

Furthermore, because you will be using paper funds, you can test the forex trading robot in a risk-aversive way. Crucially, the price of forex robots varies by some distance. As such, you should always check what the cost of the software is, and make sure your chosen forex demo trading platform is compatible with it.

We mentioned some people opt for daily forex signals to cut out the need to learn technical analysis. All you have to do is decide whether to place the order with your forex demo trading platform of choice. To give you an example, here at Learn 2 Trade we offer premium and free forex trading signals. We send signals via our successful Telegram signal group of more than 20k members. Every signal will include the pair, order buy or sell , the price to enter the market, and a value for both take-profit and stop-loss.

All of the premium signal subscriptions at Learn 2 Trade come with a day money-back guarantee. This means you could easily experiment with our currency signals via your free forex demo trading facility. Simply enter each signal into an order form on your virtual account as it comes in and see how it goes for a week or two. You will see below some practical tips on forex demo trading platforms.

Taking a pragmatic approach to using a forex demo trading platform is a great way to start as you mean to go on. This simple yet practical tip will help you stay on track when entering the currency markets via a forex demo trading platform. Even for experienced traders, being realistic is the best way to use such accounts.

Include risk management into your forex demo trading endeavors and you will have a better chance at properly understanding how to place the appropriate orders when you go live. The most common trading emotions to watch out for are greed and fear. Like in day-to-day life, these feelings need to be kept in check to prevent us from making rash decisions. We find that one of the best ways to monitor your emotions, and indeed trading success, is by keeping a journal as you go.

Journals are used by forex trading veterans and newbies alike. In the currency trading game, not learning by your mistakes can be costly when going live with real funds. By this stage, you are no doubt ready to get started with a forex demo trading platform. For anyone who is completely new to trading currencies, we have included a 5-step walkthrough below. We have used Capital. com as it came out top in our best forex demo trading platform rundown. It takes less than 10 minutes on average to sign up and you will not pay a cent in commission when switching to a real account to trade currencies!

When you arrive on the Capital. Once you have clicked that you will see a sign-up box like the one below. You need to enter all the information required by the platform, such as your full name, home address, date of birth, and a difficult-to-guess password. Next, Capital.

com will send you an email to confirm the opening of your account. As soon as you received your email, you can click the link within it and head over to your account. As Capital. com is regulated, the broker will ask you to upload some ID, like your driving license or passport. You will also be required to substantiate your address with a bank statement or utility bill dated within 6 months.

Please note that if you are using the free forex demo trading account at Capital. com, this is not contingent on your uploading any ID. On the Capital. As we said, Capital. If you are already sure which currency pair you would like to trade via the Capital. com forex demo trading platform — you can use the search box on the main dashboard.

Next, you will see a forex demo trading order box appear. This is when you can enter your entry price, leverage, and some risk management orders. As we talked about earlier, this can be achieved by using stop-loss and take-profit orders on each position you take. com will execute your risk-free order using your paper equity! To truly make the most of your chosen forex demo trading platform, you should include various strategies to better prepare you for volatility and the unexpected.

After much in-depth research and many considerations, Capital. com came out as the number one forex demo trading platform. The FCA, CySEC, ASIC, and NBRB regulate this forex demo trading platform — so there are no issues with safety. Furthermore, there are 49 currency pairs to choose from and thousands of other markets with tight spreads and a user-friendly website.

The best forex demo trading platform for is eToro. Furthermore, there are 49 currency pairs to choose from and the brokerage is commission-free and fully regulated.

Yes, absolutely. Many forex demo trading accounts are designed to be as close to real-world currency market conditions as possible. As such, you can practice new skills, strategies, and orders without risking a cent of your own trading capital. Many people also opt to use forex demo trading platforms in conjunction with third-party trading signals, so it's a great way to put providers like us to the test!

It has been known that unsavory online brokers create demo accounts that are much more successful than a real one could ever be. Choosing a regulated brokerage should rid you of any concerns of rigging, as the platform must adhere to strict rules surrounding client care and transparency.

Our top 5 forex demo trading platforms are all heavily regulated - eToro, Capital. com, EightCap, AvaTrade, and EuropeFX. You can utilize a forex demo facility via MT4. But, only by using a regulated broker that is partnered with MT4 - like EightCap, AvaTrade, Capital. com, or EuropeFX.

Simply sign up for a demo trading account and then download MT4 to link your accounts together. When trading via a forex demo platform, you will be placing orders on an account that reflects the real-world market. Learn 2Trade Forex Channel. AvaTrade is another CFD broker on our list that is no stranger to providing a service to traders on a global scale.

To start forex trading, you will have more than 60 currency pairs to choose from - which includes major, minor and exotic pairs. The spreads at this forex brokerage are generally competitive. This guide found other assets to include ETFs, commodities, bonds, cryptocurrencies, stocks, and indices. You will not pay any commission to enter or exit the markets at AvaTrade. Furthermore, regulation comes from six jurisdictions so you can trade in safety-conscious conditions with some form of protection in place.

If you would like to start forex trading via a free demo facility before going to the live markets - AvaTrade is partnered with MT4. As we said, you can download the third-party platform to benefit from heaps of tools and automated trading options. We also found the broker's own apps AvaTradeGO and AvaSocial to be useful. The latter allows you to 'follow', 'copy', and 'like' other currency traders. This is a useful way to gain some insight into the forex market - from people with experience.

AvaTradeGO includes charts, management tools, live prices, and the ability to manage your MT4 accounts in both demo and real mode. This includes credit and debit cards, bank transfers, and e-wallets like Neteller, WebMoney, and Skrill. visit avatrade now 2.

com — Best Newbie Friendly Demo Trading Platform. CFD provider Capital. com is a great demo platform option for anyone who is brand new to trading online. There are more than 3, markets available to trade for free at Capital. This includes forex, indices, cryptocurrencies, shares, and commodities. All of which comes with competitive spreads and the option of leverage to boost your trading position. To access this plethora of financial instruments, you can link your account to the aforementioned platform MT4.

The FCA, CySEC, ASIC, and NBRB regulate this demo account trading platform, so there should be no concerns about legitimacy or safety. If or when you decide to buy and sell with a regular trading facility, your funds will be kept in a separate tier-1 bank account.

At Capital. com you can choose between 3 different accounts with varying components and requirements to trade live. This includes a 'Standard', 'Plus', and 'Premier' - and benefits include exclusive webinars, cash rebates, a dedicated account managed, and more. When you practicing on your demo trading account, you can take advantage of the previously mentioned tools on offer.

You may also want to install the 'Guardian Angel' plugin. This offers you feedback on your trading endeavors and illustrates market volatility, regression analysis and provides access to heaps of analytical features, indicators, and more.

When you are ready to fund your account, you shouldn't have any trouble finding your preferred payment type. This demo trading platform accepts credit and debit cards, bank transfers, and e-wallets like Skrill and Apple Pay.

LonghornFX is a user-friendly trading platform that covers dozens of cryptocurrency and forex pairs. You can also trade stock CFDs and multiple indices.

You will be able to trade with leverage of up to at LonghornFX - irrespective of whether you are a retail or professional client. In terms of fees, you will benefit from competitive variable spreads throughout the trading day. We like the fact that LonghornFX processes withdrawal requests on a same-day basis. Plus, the broker offers full support for MT4. The platform can be accessed online, via desktop software, or through a mobile app.

Eightcap is a popular MT4 and MT5 broker that is authorized and regulated by ASIC and the SCB. This means that you will have access to leverage alongside short-selling capabilities. Supported markets include forex, commodities, indices, shares, and cryptocurrencies. If you open a raw account, then you can trade from 0. If you are still yet to make your mind up, we have listed the most important factors to consider when researching which one might be right for you.

By learning a variety of different markets using your free demo account, it will better prepare you when you elect to trade with real money. Many markets, notably commodities and exotic currency pairs, are highly volatile. As such, many brokers opt to keep a diverse portfolio of assets, to hedge against such severe price shifts.

With this in mind, the best demo trading platforms will have everything from cryptocurrencies and forex pairs — to stocks, commodities, indices and ETFs to practice on. This is because regulation is a super important factor when it comes to choosing a safe place to trade.

You may want to stick to the demo trading account for now , but there will probably come a time when you want to buy and sell using real money. This is when you need a licensed broker on your side to execute orders and keep your capital safe from criminals. eToro for example, is regulated by CySEC, the FCA, and ASIC. Each of these financial organizations enforce various rules and regulations to prevent money laundering and poor practices from online brokers. This includes KYC, keeping your funds in a separate account and submitting periodic audits.

Whilst it sounds like an obvious point, before signing up for a free trading facility, you should make sure the website is suitable for your level of experience. Some of the most newbie-friendly demo trading platforms in the space include eToro and Capital.

Both make finding your chosen asset and placing orders easy — plus, you can switch to a real trading account whenever you like. Always check what fees you might be liable for when you are ready to move from your demo trading account to a real one. While some demo trading platforms offer a back to basics service, some offer every tool under the sun. Each to their own, you may be happy to access markets via your broker and then review technical analysis tools elsewhere.

Another thing to note is that some providers are partnered with the aforementioned third-party platform MT4. As we mentioned, this gives you the option of using your demo trading facility for buying and selling. It also means you can learn the ins and outs of technical analysis and practice drawing your own charts and such.

A notable feature at demo trading platform eToro is the Copy Trader. This means that not only are you able to practice strategy ideas and access heaps of markets, but you may also invest in an already knowledgeable trader and mirror their trading activity proportional to your investment. This could offer you some tips on how to strategize and what risk level might work for you. If you are a complete novice in this field, there is no better way to learn how to trade than by doing so without risking your own hard earned money.

Reading books on the subject compared with the reality of using your actual cash can be somewhat daunting. As such, there is literally no harm in trying via your chosen demo trading platform — as you are using paper money!

You can trade any asset, risk free, and work out what works best for you and your personal trading goals. For anyone who is keen on taking a backseat role when trading, many demo trading platforms will support automated robots.

For those in the dark, this is software that works on pre-set algorithms. Once you give your permission, the robot, also referred to as an EA expert advisor , is able to create buy and sell orders on your behalf. This will be done via your chosen demo account platform. Crucially, this area of the trading scene is swarming with con-artists making bold claims of guaranteed success.

The service almost always comes with a one-off charge, which can be hundreds or thousands of dollars. As such, you are best advised to choose one with a money-back guarantee and test it via a reputable demo trading platform. If you like the idea of not having to perform hours of technical analysis and watch the markets — you might be suited to trading signals.

Comparable to order suggestions you will find a subscription service for just about any market. For instance, here at Learn 2 Trade, we offer forex signals , stock signals and even free crypto signals.

All signals are created by a team of dedicated professionals based on market analysis and are sent to our thousands of members via free encrypted messaging app Telegram. You can easily put our trading signals to the test by signing up for our service via regulated demo trading platform eToro.

Simply input each signal we send you on your paper account and reevaluate your success after 2 or 3 weeks! The best way to be realistic with your capital when buying and selling via a demo trading platform is to learn how to calculate your risk and reward on every single position you take.

This is a commonly adopted strategy used by traders with all measures of experience. Other common ratios include If better managing your bankroll with things like risk-reward appeals to you — use stop-loss and take-profit orders on every trade.

As you can see, you can easily incorporate a risk-reward strategy into every position — on any given asset. This can be achieved very easily by keeping a trading diary.

By performing a simple Google search for this purpose, you will be presented with thousands of potential suitors. As such, the process involved in finding the best forex trading platform for you can be time-consuming.

After all, you need to explore things like supported currency pairs, commissions, minimum account balances, and regulation. In this guide, we review the best forex trading platforms in We also walk you through the steps required to start buying and selling currencies today at a top-rated forex trading platform!

You can find a full review of each provider by scrolling down! Featured Broker Visit Site CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Rating 5. Spread 1 pip 0. eToro — Over Best Forex Trading Platform eToro is now one of the largest forex brokers in the online space — with more than 17 million clients on its books. The main attraction with eToro is that the platform is extremely easy to use. And of course — the platform allows you to trade forex without paying a single cent in commission. Instead, this top-rated forex trading platform makes its money through the spread.

This covers a huge number of majors and minors, as well as a selection of exotic currencies like the South African rand and Hungarian forint. You can trade all supported currency pairs with leverage at eToro — with most users being able to access on majors and on minors and exotics. You should consider whether you can afford to take the high risk of losing your money.

What we really like about eToro is that it is also suitable for those of you that have never previously traded forex and want to open a micro currency account. In terms of the fundamentals, eToro is regulated by the FCA, CySEC, and ASIC. It keeps client funds in segregated bank accounts and verifies the identity of all trades. As such, you can trade forex at eToro in a safe and sound environment.

Finally, we should note that on top of forex, eToro also supports commission-free stocks, ETFs , indices, cryptocurrencies , and commodities. Although eToro makes our number one spot as the best forex trading platform of - it doesn't allow US residents to buy and sell currencies. As such, if you're an American and looking for the best forex site in the space right now - look no further than Forex.

As the name suggests, this provider is a specialist forex trading platform. By going through the motions of opening an account and making a deposit - you will then have unfettered access to over 80 currency pairs. This includes a huge variety of majors, minors, and exotics. In particular, Forex. com is a great platform to consider if you want to access emerging currencies. In terms of fees, this popular forex trading platform offers several account types to choose from.

For example, if you're a casual forex trader you might consider opting for an account that offers commission-free positions. At the other end of the scale, professional forex traders might opt for the STP Pro account.

This allows you to trade from just 0. Crucially, we like the fact that Forex. com allows you to choose a pricing structure that meets your trading profile.

com gives you access to its own native trading platform - which can access online or via the provider's mobile app, including advanced charting. Alternatively, you can also access your Forex. com account via the third-party platform MetaTrader 4 MT4 , where you can perform backtesting.

The platform is also a proponent of forex EAs, as it offers 20 free forex trading strategies that you can easily install into your MT4 dashboard. VantageFX is our top recommended forex trading platform. This CFD trading platform first launched in Australia, but it's since expanded around the globe. The brokerage has left its mark with a range of asset classes, very low fees, and excellent trading tools. VantageFX is solely a CFD trading platform.

They provide every investment opportunity from forex trading to cryptocurrencies, commodities, indices, and stocks. They are a brokerage geared towards every type of investor.

Whether you're new or experienced in trading, there is something to interest you here, with competitively low spreads and a zero commission account option. A big part of why we recommend VantageFX is its high leverage forex trading. You can trade major forex pairs on margin of up to VantageFX offers a variety of trading platforms, including its own web trader and mobile app.

The broker also integrates with the highly popular MetaTrader 4 and MetaTrader 5 trading platforms. So, you can trade with forex signals or create custom technical indicators to suit your needs. Notably, VantageFX also enables social trading with Myfxbook, ZuluTrade, and Duplitrade.

VantageFX is regulated by the UK Financial Conduct Authority FCA and the Australian Securities and Investment Commission ASIC. If you a novice in the world of forex trading then you should choose a platform the supports low minimum deposits.

In doing so, you can test the waters out slowly without risking too much capital. Nevertheless, FXCM is home to a great range of forex pairs - all of which can be traded commission-free. Spreads are particularly competitive when trading major pairs. FXCM is also a great option if you want access to leverage. In fact, this top-rated forex trading platform offers leverage of up to Your limits will, however, also be dictated by your location and prior trading knowledge.

For example, UK and European traders will be capped to In terms of the forex trading platform itself, FXCM offers full support for MT4 and ZuluTrade. Or, you might decide to use the provider's native FXCM Trading Station - with is very popular with newbies.

Finally, FXCM has been active in the forex trading scene for over two decades and is regulated by the FCA. There is no guarantee you will make money with this provider. TD Ameritrade is arguably one of the most reputable brokerage firms globally. Established more than four decades ago, the platform is typically known for offering a huge library of stocks, ETFs, and investment funds. However, TD Ameritrade is also behind a fully-fledged forex trading facility. The platform supports a wide variety of tradable currencies, with pairs including the likes of USD, CAD, GBP, HKD, NZD, JPY, NOK, and more.

All supported pairs can be traded 23 hours per day - subsequently ensuring that the platform serves its global client base. We should note that the TD Ameritrade 'Thinkorswim' platform is best suited for experienced forex traders.

This is because it comes packed with professional-level tools and features that to the untrained eye - might come across as somewhat intimidating. When it comes to forex trading fees, TD Ameritrade builds all commissions into the spread. This means that you only need to look out for the gap between the bid and ask of your chosen FX pair. In some respect, leverage is a crucial tool to have at your disposal when trading forex online.

After all, the day-to-day gains that you can make by buying and selling currency pairs are going to be somewhat modest. As such, if you have access to a small amount of capital, it might be best to use a platform that offers high levels of leverage.

As always, you might be offered lower limits - especially if you are based in Europe and you're not deemed to be a professional trader. Nevertheless, we should note IG is much more than just a high leverage broker. On the contrary, this hugely popular forex trading platform gives you access to over 80 currency pairs. Fees are really attractive too, as spreads on major pairs start from just 0. There are no commissions charged in the IG forex trading department, either.

Additionally, IG is also compatible with MT4. If you haven't previously heard of IG and are concerned about safety - you shouldn't be. This brokerage firm has been operational since the s and it is now publicly listed on the London Stock Exchange. And most importantly - it is fully regulated in several jurisdictions. FXTM is a popular forex trading platform that offers full support for MT4.

This means that once you open an account and make a deposit, you can place all buy and sell orders via the MT4 desktop software. As a seasoned trader, you'll know that MT4 provides heaps of technical indicators and is compatible with automated forex EAs. FXTM itself offers a huge number of forex pairs and there are several account types on offer. Plus, this FXTM account allows you to trade forex with micro amounts.

This is perfect if you are trading forex online for the first time. In terms of forex trading fees, this will depend on your chosen account type. For example, some accounts offer zero commissions and wider spreads, while others allow you to trade currency pairs at 0 pips.

If you're a newbie, FXTM offers a good selection of educational and research tools. This will allow you to become a better forex trader over the course of time. If you are looking to trade several different asset classes other than just forex, XTB might be a good option to consider.

The online trading platform is particularly popular in Mainland Europe - as XTB's parent company is listed on the Warsaw Stock Exchange.

Nevertheless, the forex trading department at XTB is highly extensive, with dozens of pairs to choose from.

Rating 5. The FCA, CySEC, ASIC, and NBRB regulate this forex demo trading platform — so there are no issues with safety. If better managing your bankroll with things like risk-reward appeals to you — use stop-loss and take-profit orders on every trade. This means that the spread can change throughout the day depending on market conditions. For instance, when trading at eToro, your funds will be kept in a separate top-tier bank account, and SSL encryption will protect your personal data. If your main priority is having access to heaps of markets - our CMC Markets forex trading platform review found that the provider offers more than pairs.

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