Best Forex Demo Account in the UAE

Out of all the brokers I’ve tested, Axi stands out as the best for traders in the UAE looking to start with a forex demo account. The broker provides a 100% free demo trading environment that mirrors the live market experience, complete with real-time spreads and fast execution speeds. I believe this is perfect both for beginners learning the ropes or experienced traders testing strategies without financial risk.

While Axi only provides MetaTrader 4 (MT4), the industry-standard forex trading platform, I think this allows the broker to tailor its offering more effectively into a single platform.

Lastly, Axi is well-regulated in the key UAE jurisdiction of the Dubai Financial Services Authority (DFSA), as well as top-tier regulators around the world in the UK, Australia and New Zealand. This, I believe, gives traders in and around the UAE confidence in its compliance, transparency, and safety practices.

When it comes to choosing a forex demo broker in the UAE, I believe Axi stands out for three key reasons: regulation you can trust, a highly realistic demo environment and professional-grade trading tools.

Realistic demo environment

Axi’s free demo account comes preloaded with generous virtual funds of $50,000 and mirrors live market conditions, including real-time pricing and spreads. This makes it ideal if you’re serious about learning forex properly, whether that’s practising risk management, testing Expert Advisors (EAs), or building confidence before committing real capital.

When testing, I found the transition from demo to live trading also feels seamless, which is something many traders underestimate when starting out.

Strong regulation and regional relevance

Axi is regulated by top-tier authorities including the DFSA, which is especially important if you’re based in the UAE and want peace of mind from a locally recognised regulator.

Combined with additional oversight from the FCA (UK), ASIC (Australia) and FMA (New Zealand), this gives Axi a high trust score and reassures you that even your demo trading is built on systems designed for real-world compliance and transparency.

Access to professional-grade tools

Axi focuses on MT4, the platform most forex traders still rely on for technical analysis, automation, and execution speed. You can trade on desktop, web, or mobile, meaning you can practise whenever it suits your schedule.

Combined with Axi’s educational resources and reliable customer support, it creates a well-rounded environment for developing real trading skills.

If you’re trading from the United Arab Emirates and want a paper trading account that feels like the real thing, Interactive Brokers (IBKR) is hard to beat. Its paper trading environment gives you access to the same powerful tools and real-time market data used in live accounts, letting you practise strategies across global markets with no time limit and no financial risk.

The platform supports a huge range of assets, from forex and stocks to futures and options, so you can refine diversified strategies before putting real money on the line. It’s particularly suited to traders who want to simulate professional-grade execution and global access, not just basic demo functionality.

When I explored Interactive Brokers (IBKR) in depth, three things stood out to me that make it a top choice for UAE traders looking for a paper trading account.

Real-Market Experience With Depth

What I found most impressive is how close to real trading IBKR’s paper account feels. You’re not just clicking around with pretend prices, you get real-time market data and advanced order types like stops, limits, and brackets that simulate how a serious trader actually executes trades. It’s important to note, IBKR’s demo account still uses real market prices but trades do not execute on exchanges

This means your practice strategies are much more meaningful and transferable to live accounts.

Massive Global Market Access

In my opinion, one of IBKR’s biggest advantages is its sheer breadth of markets. You can practise not only forex but also stocks, options, futures, ETFs, and more across 160+ global markets, all from the same platform.

That kind of exposure makes it perfect if you want to grow beyond just forex and build multi-asset strategies within your paper portfolio.

Professional-Grade Platform Tools

I also liked how IBKR doesn’t hold back on tools just because you’re on a demo setup. The paper trading environment uses the same powerful interface and analytics as the live platform whether on desktop, web or mobile, with advanced charting, screeners, and custom layouts.

Once you feel comfortable with IBKR’s trading platform in practice, the transition to live trading doesn’t feel like learning a whole new platform.

These features come together to give you a highly realistic and flexible practice environment that grows with your skill level, from beginner experimentation to professional-style strategy testing.

I recommend XM as one of the best MT5 demo account brokers for traders in the UAE because it combines flexibility, realism, and ease of use in one package.

From the very first time I opened a demo on XM, I liked how intuitive the setup was and how closely the MT5 demo mirrored live conditions, complete with customizable virtual balance and leverage options that let you tailor your practice to your live trading goals.

What stands out most to me is that the demo doesn’t expire and gives you plenty of time to really refine your strategy before risking real capital. Whether you’re new to forex or sharpening advanced MT5 tactics, XM’s environment feels professional without being intimidating.

When I looked closely at XM as one of the best MT5 brokers in the UAE for forex trading, three features really stood out to me and convinced me it’s worth recommending.

Powerful and Flexible MT5 Platform

What I liked most about XM is how deeply it integrates with MetaTrader 5 (MT5), widely regarded as a professional trading environment that supports advanced charting, multiple timeframes, and a broad suite of technical tools.

On MT5 you can experiment with custom indicators, automated Expert Advisors (EAs) and real market order types, making demo practice feel almost like real trading.

Wide Range of Tradable Markets

In my opinion, XM goes beyond just forex. While you get access to over 55 currency pairs, you can also practise on over 1400 CFDs for stocks, indices, commodities and precious metals, all inside the same MT5 demo. This breadth means you’re not limited in strategy testing, you can explore diversified markets without needing multiple brokers.

Unlimited demo account access

This is where XM really shines for me. Unlike many brokers that limit demo usage, XM’s demo account doesn’t expire, as long as you log in at least once every 90 days. In my opinion, this takes a lot of pressure off.

You can practise at your own pace, step away when needed, and return without losing your account or progress. For traders who want long-term skill development rather than rushed practice, this is a standout feature.

Overall, I found XM’s MT5 demo offering to be flexible, realistic, and trader-friendly, an excellent fit for forex traders in the UAE who want serious practice without unnecessary restrictions.

I recommend Capital.com as the best TradingView broker using a demo trading account for UAE traders because, in my opinion, it offers one of the most seamless and realistic TradingView integrations available.

What I liked straight away is that you can practise directly on TradingView’s charts while trading through Capital.com’s demo account, using real market data and advanced technical tools without risking capital. The demo comes with generous virtual funds of $100,000 and works smoothly across desktop and mobile.

Boasting a fast account opening process and over 5000 markets to trade, for UAE traders who rely heavily on TradingView for analysis, Capital.com delivers an ideal demo environment that feels both professional and accessible.

I recommend Pepperstone as the best forex broker in the UAE for live trading because it blends professional trading conditions with a global execution edge that I’ve personally found hard to match.

What I liked most about live trading with Pepperstone is the combination of tight spreads and low latency execution, which makes a real difference especially when scalping or entering quick forex trades.

Their wide range of platforms, including MT4, MT5, cTrader, and TradingView, lets you trade the way you prefer, and strong regulation (including the DFSA) gives me extra confidence about doing live trades securely.

I recommend eToro as the best copy demo trading account for traders in the UAE because it blends social learning with real practice in a way that helped me build confidence before live trading.

Their demo account comes with $100,000 in virtual funds that you can practise using the broker’s own proprietary platform, CopyTrader. As one of the best copy trading platforms on the market, CopyTrader lets you mirror the moves of experienced traders in real time without risking money.

I liked how the platform makes it easy to explore strategies, follow actual investor stats, and switch between virtual and real portfolios seamlessly. It feels like learning from a live market community rather than just clicking charts, which will particularly suit beginners, just starting out.

I recommend AvaTrade as the best broker for opening multiple demo accounts in the UAE because it gives you real flexibility to practise different strategies on different platforms without risk.

What I liked most is that once you have an AvaTrade live account, you can easily add multiple demo or live accounts under the same login, letting you keep experimental setups separate, perfect for refining styles or comparing execution across MT4, MT5, and AvaTradeGO.

In my experience, this makes it much easier to learn and experiment without cluttering one practice account. Plus, you can experiment by trading different CFDs with confidence in a regulated environment.

I recommend MultiBank as one of the lowest spread forex brokers using a demo account in the UAE. Even in practice environments, I found the broker offers some of the tightest spreads I’ve encountered.

What stood out to me is that their demo mirrors the same pricing structure as their live accounts, including access to raw spreads starting from 0.0 pips on ECN-style setups, which is incredibly useful for fine-tuning entry and exit timing without cost surprises later.

And if you do decide to sign up with MultiBank, they offer some of the cheapest commissions I’ve encountered at $1.50 per trade for their ECN account.

I also liked being able to test across both MT4, MT5 and the broker’s own MultiBank app, with unlimited demo access, giving me confidence in how I’d trade live. All of this makes MultiBank an excellent choice if low-spread execution is your priority in a demo environment.

I recommend ThinkMarkets as the best forex app to practice trading in the UAE because it combines powerful mobile features with real-world trading tools in a way that helped me sharpen my skills on the go.

The platform I enjoyed practising with the most is their ThinkTrader mobile app. This intuitive app let me analyse markets, execute trades, set alerts, and manage positions all from my phone, without feeling like a watered-down experience.

I particularly enjoyed the advanced tools like custom watchlists, cloud-based alerts, and multiple chart displays that made practising feel realistic and engaging, just like live trading. For anyone wanting to practise forex anytime, anywhere, ThinkMarkets delivers a standout mobile experience that’s both intuitive and robust.

I recommend OANDA as the best demo account for beginner traders in the UAE because it offers a demo experience that feels friendly, realistic and educational, which really matters when you’re just starting out.

What I liked most is that OANDA’s demo lets you create new subaccounts with different base currencies or platforms to practice and test various trading strategies with.

The account doesn’t expire as long as you stay active, so you can learn at your own pace and build confidence without pressure. Plus, access to platforms like MT4, TradingView, and OANDA’s own apps makes it easy to learn forex trading with the platform that suits your style.