Top Forex Demo Accounts

The 2022 forex demo account review focused on test trading platform features, easy of use and customer service.

  • Pepperstone Pepperstone – Best MT4 Demo Account Overall
  • IC Markets Logo IC Markets - Demo Account For All Platforms
  • Plus500 Plus500 - Offers Top Risk Tools For Practice
  • eToro eToro – Top Social Trading Demo Platform
  • FXCM FXCM - Good To Practice Charting With NinjaTrader
  • oanda logo Oanda –Top Unlimited Forex Demo
  • ig logo new IG – Best Forex Demo Account For UK Traders
  • thinkmarkets logo new ThinkMarkets -Best Demo Account For Mobile Trading
  • tdameritrade logo TD Ameritrade Has ThinkOrSwim, the Top Demo Account in the US

Pepperstone
IC Markets
Plus500
eToro
FXCM
Our Rating
9.17
8.50
5.83
7.17
7.93
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
77% of retail CFD accounts lose money
68% of retail investor accounts lose money when trading CFDs with this provider.
66% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
IC Markets
Plus500
eToro
FXCM
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FSCA (South Africa)
CYSEC (Cypus)
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
0.75
0.62
-
3.00
-
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

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
Unique Feature
Smart Trader Tools
ECN pricing
Trade cannabis index
CopyTrader functionality
for automated trading
Large range of trading platforms

Overall