Best Demo Accounts For Forex Trading

Our list of the top demo account based on the trading platform experience are.

  • Pepperstone Pepperstone - Best Forex Demo Account With MetaTrader 4
  • IC Markets IC Markets - Top CFD Demo Account With MetaTrader 5
  • Plus500 Plus500 - Top Demo Account For Novice Forex Traders
  • eToro eToro - Top Demo Account For Social And Copy Trading
  • FXCM FXCM - Good Demo Account Charting NinjaTrader Package
  • oanda logo Oanda - Top Demo Account For Unlimited Forex Trading
  • IG IG - Great Forex Demo Account For UK Traders
  • think markets logo ThinkMarkets - Good Demo Account For Mobile Trading
  • tdameritrade logo TD Ameritrade - Best Forex Demo Account For US Traders

Pepperstone
IC Markets
Plus500
eToro
FXCM

Regulations and Licenses

Feature
Pepperstone
IC Markets
Plus500
eToro
FXCM
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FSCA (South Africa)
CYSEC (Cyprus)
IIROC (Canada)
FMA (New Zealand)
DFSA (Dubai)
BaFin (Germany)
FSA (Seychelles)
SCB (Bahamas)

Brokerage

Feature
Pepperstone
IC Markets
Plus500
eToro
FXCM
EUR/USD Avg. Raw Spread
0.17
0.02
-
-
0.22
GBP/USD Avg. Raw Spread
0.59
0.23
-
-
0.80
AUD/USD Avg. Raw Spread
0.24
0.17
-
-
0.40
EUR/USD Standard Spread
0.77
0.62
0.80
3.00
1.3
EUR/USD Fixed Spreads
-
-
-
Commissions (USD Base)
$3.50
$3.50
-
-
$3.00
Minimum Deposit
$0
$0
$100
$200
$300
Swap Free Account
No Inactivity Fees
Funding Methods
16+
15+
3+
11+
8+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
Plus500
eToro
FXCM
Currency Pairs
62+
61+
71+
49+
42+
Cryptocurrency CFDs*
12+
18+
15+
46+
7+
Index CFDs
14+
16+
67+
13+
13+
Share CFDs
300+
100+
1816+
2000+
15+
Commodities CFD
9+
26+
22+
33+
12+
Stockbroking
-
-
2000+
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
300:1
400:1
500:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
-
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
500:1
-
300:1
400:1
500:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
500:1
300:1
400:1
500:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
-
-
-
-
Pro. Max. Leverage (UAE)
500:1
-
-
-
-
Retail Max. Leverage (Canada)
-
-
-
Major Pairs: 50:1
Minor Pairs: 33:1
Retail Max. Leverage (Singapore)
-
Major Pairs 20:1
-
-
Pro. Max. Leverage (Kenya)
-
-
-
-
Retail Max. Leverage (South Africa)
-
-
-
Balance:
0-50k 400:1
50k+ 200:1
Retail Max. Leverage (With offshore regulators)
200:1
500:1
300:1
400:1
Balance:
0-50k 400:1
50k+ 200:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
Plus500
eToro
FXCM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 9.33 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 5.83 ASIC, CySEC
FCA, FMA
- - - 140ms $100 71+ 15+ 30:1 300:1
Visit Broker > 7.17 ASIC, CySEC
FCA, FSA
- - - 130ms $200 49+ 46+ 30:1 400:1
Visit Broker > 7.93 ASIC, FSCA
FCA, IIROC
0.22 0.80 0.40 150ms $300 42+ 7+ 30:1 500:1