Best Forex Demo Accounts for 2022

logomark Filippo Ucchino calendar Last Updated: December 2021 timer 15 min read
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When you decide to begin in the world of forex, demo trading accounts are an important first step that you may decide to take when trying to choose from some of the best forex brokers around.

Starting out with a demo trading account is not just for beginners though, this is something you can use as an experienced trader to get to know more about almost any broker, how they operate, and the trading platforms that they offer.

Throughout this article, we will explain what are the forex brokers where you can get the best demo account with NO time limitation and how you can get the most out of your demo trading account with all of the top forex trading brokers in the industry.

Let’s get started.

Table of contents

Round-up of the best forex demo accounts

  1. XTB: best forex demo account overall
  2. IC Markets: best for demo algo-trading
  3. eToro: best forex demo platform
  4. XM: best free educational services
  5. FBS: best cent forex demo account
  6. FxPro: wide range of forex demo platforms
  7. HotForex: wide range of forex demo accounts
  8. Plus500: best CFD forex demo account
  9. best forex demo flexibility
  10. CMC Markets: over 300 forex pairs available


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

What’s a demo account?

If you are not already aware, demo trading accounts are offered by almost all of the top forex brokers. This is a risk free way in which you can learn more about every broker as a forex trader or if you are involved in CFD trading.

These accounts are offered on a trial basis typically with an amount of virtual money that you can risk. This prevents you from possibly losing your own money while you get to know the trading platform of each broker in more detail. These demo trading account trial periods may be limited in terms of the duration you can use them, or they may also be unlimited. This decision is up to the particular forex broker.

As well as risk free trading in which you cannot lose your money, it is also a chance to find out more about the regulation of online trading under each authority and within the cfd trading or forex broker. This can be helpful in knowing what kind of leverage is available as well as other things such as how account types and funding methods work.

Within this top 10 demo trading account piece, we have collected a range of top brokers who offer demo trading accounts which do not expire, and who also provide access to a large selection of account types for you to choose from as well as trading platforms like the well-known MT4.

This, along with dealing in a range of assets and CFD trading in the likes of cryptocurrency and even copy trading demo accounts, can really help you to better understand the industry as a forex trader and the direction you would like to take.

Top10 Unlimited Forex Demo Accounts

The following are 10 of the best brokers offering exceptional unlimited demo trading accounts that we have reviewed and feel would be the best choice in your search for a well authorized and regulated broker.

Looking at XTB, the broker offers a Standard account for you to choose from as a trader. This account type does come with a demo trading account also available. This demo trading account unlike some others, does not expire. With that said, it may be closed if you have not trading in a 30 day period.

Often, you go to as a trader is currency trading and the ability to trade in one top currency pair or another. In this respect, the XTB broker offers a choice of more than 45 forex pairs across both of these XTB account types.

The XTB spreads are also highly competitive starting from just 0.1pips on some major pairs. If you are more into CFD trading, then you can also sample this within the XTB demo trading account at no risk to your real money whatsoever.

There are more than 5200 CFDs to choose from in various categories such as indices, commodities, futures, ETFs, and a selection of 25 cryptocurrencies to choose from. An XTB broker review will show that they apply a 0.08% fixed commission to every trade and then a possible $3.50 per lot traded commission which depends on the account type you select.

When it comes to trading platforms you can try out and that are available as part of your demo trading account, XTB offers its own xStation. Finally, in terms of fees, the broker does offer some rollover-free accounts although not in every country so you should check with their support team particularly if you are a Islamic forex trader.

With XTB you also have the chance to further your development by taking advantage of a strong educational infrastructure through videos, tutorials, webinars, and more to help you grow as a top forex trader.

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73% of retail investor accounts lose money

IC Markets demo trading account is available both of the IC markets account types offered. As covered in our IC Markets review, these are the Standard, and True ECN accounts.

You will be glad to know that the IC Markets demo trading account does not expire at all. Once you have started forex trading with this broker, you can access more than 65 currency pairs at a really low spread starting from 0 pips.

CFD trading through IC Markets offers a world of options too. Here you can choose from more than 150 CFDs in stocks, commodities, futures, indices, and bonds, as well as IC Markets cryptocurrency trading.

Trading platforms made available include MT4, MT5, and cTrader. All the big names are accessible here. Depending on the account type you open, commission can reach $6 per lot traded, but there are also commission-free and rollover-free alternatives where needed.

Another important feature of forex trading through IC Markets is that your account can be linked up with Zulutrade if you are interested in getting involved with Copytrading.

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74-89% of retail CFD accounts lose money

When it comes to forex trading and CFD trading, eToro is one of the biggest and most well-known names in the industry. It is undoubtedly one of the most user-friendly brokers around as far as trading is concerned and there are a total of 47 forex currency pairs available.

Added to this, if you are interested in CFD trading with eToro then you will have plenty of choice too. They provide for an extensive range of CFDs, more than 1,000 in a range of asset-classes including stocks, indices, commodities, ETFs, and blends.

eToro crypto trading is also very well provided for with 15 cryptocurrencies and the recently launched eToroX crypto exchange platform and wallet. With this, you can also go beyond CFD trading and actually own your eToro cryptocurrency assets fully and store them in the provided wallet.

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68% of retail investor accounts lose money

The XM demo trading account offers trading to you on all account types including Micro, Standard, XM Zero, and XM Ultra Low depending on your choice.

As a forex trader, you can access a selection of more than 55 forex pairs on each account with great value spreads starting from the lowest possible 0 pips.

If you are interested in CFD trading, this provides for trading in Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs. Commission apply only to XM Zero Accounts. This rate is currently $3.50 per lot traded which still represents good value in the industry.

Every XM demo trading account is available on an unlimited basis in that it does not expire, although if you do not trade in 30 days, you may need to renew your XM demo account.

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73.57% of retail investor accounts lose money

There are a total of 5 accounts to choose from with FBS. These are all available with demo trading accounts if you are a new user interested in signing up with the broker. The FBS demo trading account trial period lasts for a total of 90 days. If you do want to keep using the account after this it is possible though. You should simply contact the FBS support team.

Forex trading is offered with 28 currency pairs available and a competitive FBS spread starting from -1 pip if you opt for a commission-based account. If CFD trading is your thing, then you will have more than 40 assets to choose from in stocks, commodities, cryptos, indices, and ETFs trading.

There are FBS commission-free trading options, though if you opt for a commission-based account, this will be charged at $6 per lot on forex trading.

When it comes to platforms and account type choices, both MT4 and MT5 are available as the most trusted and regulated trading platforms around, and rollover-free trading is facilitated where you need it.

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74-89% of retail CFD accounts lose money

FXPro is another of the most well-known brokers in the forex trading market. They are multi-award winning and offer 4 account types all of which have demo trading accounts available. These are the FXPro MT4, MT5, cTrader, and Edge accounts.

This FXPro demo trading account is unlimited in duration but will close after 30 days of inactivity. If this happens, all you need to do is reopen another account.

When it comes to currency pairs, there are more than 65 available to provide a comprehensive forex trading experience for you. The spreads here start from as little as 0.3pips. CFD trading is well catered for too. There are more than 200 CFD assets to trade of all sorts. From stocks, indices, commodities, futures,and FXPro crypto trading, it is all here.

There can be a commission involved in the forex trading depending on your account type. This amount is fixed as $4.50 per lot on forex trading. The broker also provides for rollover-free trading where required by Islamic law.

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75.54% of retail investor accounts lose money

HotForex as a top forex trading broker offers a total of 6 account types to its traders. Every one of these account types can be linked with a demo trading account from the broker. These account again do not expire, you should note though that is you do become inactive for a period of 29 days or more, your demo trading account with HotForex may be closed, although you can still reopen more.

When it comes to forex and CFD trading with the broker, you can select from more than 45 top currency pairs from all around the world with an excellently competitive HotForex spread starting at 0 pips.

With over 70 CFD trading options available across the board in stocks, indices, commodities, cryptos, futures, and bonds, you can also enjoy risk free trading in all of these areas when you join with a HotForex demo trading account.

When you get to live trading, a fixed commission may be charged of $3 per lot traded although this is based on your account type, and there are commission-free options.

As for trading platform, you can access the renowned MT4 and MT5 trading platforms from MetaTrader, and rollover-free accounts are provided where required.

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71.64% of retail investor accounts lose money

The Plus500 demo trading account is limited to only one trading account type as this is what the CFD provider offers to all of its live traders. From this demo trading account though, you can experience trading with more than 70 CFD forex trading pairs on an account which does not expire even if you are inactive.

Beyond this, Plus500 offers over 100 assets traded as CFDs from indices, commodities, cryptos (availability subject to regulation), to ETFs, options, and blends. There is nothing limited about the trading facilities available here. Couple this with a competitive variable spread starting from 1 pip and commission-free trading all round and you are on to a winning combination.

When it comes to trading platforms, Plus 500 offer their own proprietary and well-reviewed platform that has impressed forex traders and Plus500 review teams alike over the years. At this moment, rollover-free accounts are not however offered by the broker.

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72% of retail investor accounts lose money

When you review demo account trading options, you will find that this is offered on both retail and VIP accounts with the broker. These demo trading accounts like many others, do not expire at all even if you are not active in trading.

When you arrive and open your demo account, you will find forex trading in more than 70 global currency pairs from a well-regulated broker and a competitive spread that starts from 0.5 pips.

The range of trading here goes beyond forex and provides for CFD trading in more than 80 markets including those around indices, commodities and some cryptocurrency cfd trading. You can also access stock trading on more than 2,000 global stocks traded as CFDs through, a highly impressive selection to appeal to any CFD or forex trader.

Another point to note with this broker is that there are no forex trading commissions to worry about at all. You can trade through one of three top trading platforms as a user. This will either be with MT4, MT5, or the proprietary and well supported trading platform. They also cater for all manner of traders with rollover-free accounts provided.

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79% of retail investor accounts lose money

CMC Markets are another top broker offering demo trading accounts to you as a forex trader that can help you get to know the platforms and assets on offer much better. CFD trading accounts and corporate account too are available on a demo basis here with the demo account not expiring at any time.

A quick CMC Markets review shows us that there is an abundance of trading opportunity available. These include a huge number of forex currency pairs with more than 330 in total available to trade between major, minor, and exotic pairs.

When it comes to CFD trading you can also choose from over 160 assets with Indices, commodities, and futures all available. There are also crypto trading opportunities with 8 cryptocurrencies available to be traded with fiat pairs and more than 9000 stocks traded as CFDs from the biggest companies around the world.

Even though CMC Markets does provide a very competitive spread, it does work hard not to charge any commission to you as a trader. The most respected Metatrader trading platforms are also available. Unfortunately, there are no rollover-free accounts available with CMC Markets however.

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80% of retail CFD accounts lose money

How can I open a CFD Forex demo account?

Opening a forex trading demo account or one which caters for CFD trading is typically no problem at all. All you usually require are some basic personal details and an email address that you can verify in order to get started. This should take no more than a few minutes in the majority of cases.

Demo account pros and cons

Naturally as a forex trader or in CFD trading, there are pros and cons to everything. This also applies when you are considering demo trading accounts with each broker. Below are a few of what we consider to be the pros and cons of trading on a demo account:


One of the biggest pros when it comes to trading online through a demo trading account is the fact you are using virtual money. This means absolutely no risk to you as a forex trader or in CFD trading. You can trade anything you like with complete confidence and no fear.

This kind of no risk situation where you do not have to worry at all about losing your money is perfect for new traders who want to learn the ropes as a forex trader or other markets.

Not only beginners can benefit, professional traders too use demo trading accounts. This can allow them the opportunity to perfect a forex of CFD trading strategy without risk.

Finally, opening a demo trading account also allows you to fully test the brokers trading platforms, get to know their systems and fees, and really understand the trading markets that they are offering. All of these things help you get to know if that broker is the best choice for you to trade with.


While it may seem like there are only positive points to trading with a demo trading account, that is not exactly the case. There are a couple of areas to watch out for as a forex trader where you could be led astray through trading on these accounts.

The most common point to remember when trading with a Forex demo trading account is that your profits and losses are not real. you are trading with virtual currency, and psychologically when you cannot lose your money, you may not engage in forex and CFD trading with the same attitude that you will in a real money account.

The rates quoted in a demo account do not factor in slippage or requotes where the prices of a trade may change between order and execution. Top forex brokers do try to limit this, but it is something that can happen in periods of high volume or volatility in the markets.

How to make the best out of your CFD Forex Demo account

There are a couple of things that you can do just to make sure that you get the best possible experience from opening your CFD trading or forex demo trading account:

One of the best strategies is to only trade in a demo account with the same amount that you would plan to bring into a live forex trading account. This will give you a more accurate picture of what your profits and losses could be.

Once you have gotten to grips with the demo trading account and what it has to offer, do not lean on it too much. Get you live forex trading account open when the experience of demo trading is fresh in your mind.

After demo, trade under real conditions with less than 10$

As we just mentioned, you should not delay when it is time to get engaged  in real live trading. Many of the top forex broker offer excellent value in terms of minimum deposits that can be as low as $100. With this is not a no-risk situation, it is your opportunity to become or develop your career as a forex trader.

If you are still unsure, a great, low-risk option is to try trading with a micro trading account offered by many of the best forex brokers, or even some with a minimum deposit that can be as low as $10.

This combined with the great value spreads and commission-free trading on offer from many, mean that there is no reason not to trade!

About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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