Fbs demo account registration

It sounds tempting, but there are some pitfalls to consider. A demo account gives you a perfect way to practice your trading skills without wasting real money.

Huge forex bonuses

What is a demo account on Forex, fbs demo account registration.

What is a demo account on forex?

The instructions for opening a forex account

You don’t have to spend your own money on forex right from the beginning of your trading journey. Most brokers offer you demo accounts, which let you test out the forex market with virtual money using real market data. Using a demo account is a good way to learn how to trade. You will be able to practice on real data, but without any real risk of losing money. In such way you will be able to learn everything you need to be a forex pro much faster. To try this account, choose demo upon registering an account with FBS.

Demo trading pros and cons

A demo account gives you a perfect way to practice your trading skills without wasting real money.

It sounds tempting, but there are some pitfalls to consider.

First of all, demo accounts offer a bigger amount of money than a trader will use during a real trade, because trader can choose any amount of money for practice. However, people often choose more than they will really trade with in real life. They take extra money for mistakes. But on the real (live) accounts, traders won’t have so many money for their faults. Moreover, with such a big capital, trader doesn’t understand the real losses as they are easier recouped by a big capital than by a small one.

Secondly, demo account trading lacks real emotions. There is no fear when you have nothing to lose. Fear influences trader’s behavior and not many traders can control their emotions. As a result, it doesn’t make much sense to practice your skills when you do not know how you will behave in situation where you will be under a lot of pressure.

How to benefit with a demo account?

If you follow several rules, the demo account can be a really useful tool for practice.

Choose the same amount of money as the one you will have on the real account.

Try to imagine that the money you have on the demo account is real and profits and losses are real too.

Remember that if you failed to gain profit on a demo account, you will not be able to do it on the real one, so try to learn forex trading and evolve while using the demo account.

Moreover, with FBS you can make real profit on demo account. We have FBS league contest going on among demo traders twice a month. You can join it solo or in the team and make up to $900 in one tour!

When trader needs to use a demo account?

There are various situations when you should use the demo account first.

If you have no idea how to trade on a trading platform a demo account will help to you learn its features and avoid accidental trades.

If you want to start using a new trading strategy and want to see whether it works for you. You can use demo account to test this strategy. Afterwards, you may try the strategy in real time. Of course, such test won’t give you a 100% guarantee that the strategy is good, but it’s better than nothing.

If you decided to use an automated trading program, you can test it on the demo account. Trading program is a robot/expert advisor that is not affected by emotions. It does not matter whether you implement it on demo or real accounts.

If you came to the forex market just to check your skills and play on the exchange rates. When you do not take trading seriously you may suffer great losses. If you see it as a game, play it on the demo one.

Demo account is a good option for training and beginning of your trading career. You can test your strategies without losing any money. Just remember about the disadvantages you may face with demo trading.

Pay attention to the fact that the minimum deposit at FBS starts from just $1 on real accounts. You can start your trading career with a little money. So, you can limit your risks, while having a real chance to get profits on real account!

I want to register an account

The process of opening an account with FBS is simple.

To register a personal area with FBS visit our website and click on the “ open an account ” button in the top right corner of the website.

You can register via a social network or enter the data required for the account registration manually.

Let’s go through the second option.

Enter your valid email and full name. Make sure to check that the data is correct; it will be needed for verification and a smooth withdrawal process. Then click on the “register as trader” button.

You will be shown a generated temporary password. You can continue using it, but we recommend you to create your password.

An email confirmation link will be sent to your email address. Make sure to open the link in the same browser your open personal area is.

As soon as your email address is confirmed, you will be able to open your first trading account. You can open a real account or demo one.

FBS offers a variety of account types. If you are a newbie, we may recommend you to choose cent account to trade with smaller amounts of money as you get to know the market.
If you already have forex trading experience, you might want to choose micro, standard, ECN or zero spread account.

Depending on the account type, it may be available for you to choose the metatrader version, account currency, and leverage.

Congratulations! Your registration is finished!

You will see your account information. Make sure to save it and keep it in a safe place. Note that you will need to enter your account number (metatrader login), trading password (metatrader password), and metatrader server to metatrader4 or metatrader5 to start trading.

Don’t forget that to be able to withdraw money from your account, you need to verify your profile first.

Trade forex, cfds, stocks and metals with honest broker

For newbies, risks are 100 times lower

Highest honest leverage on market

Wide payment systems geography

Feel free to choose any account type you like!

For experienced market players making their way to forex heights

Perfectly suits those who are just starting on their way to success on forex

Ideal for those who want to calculate their profit precisely

Designed for those who prefer trading at the fastest speed

For those who want to feel the full power of trading with ECN technologies

To grow your confidence, train your trading skills on a demo account.

Deposit with your local payment systems

Be armed with the latest news

Amazing updates in our FBS copytrade app: scan your card for easier transactions!

FBS new year promo results

FBS runs a christmas charity event in brazil

TD securities: sell euro, buy dollar

Microsoft: resistance breakthrough?

What does the first fed meeting of 2021 have for the USD?

Did the US economy end the year with a bang?

Stocks surged at the start of the week

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The website is operated by FBS markets inc.; registration no. 119717; FBS markets inc is regulated by IFSC, license IFSC/000102/124; address: 2118, guava street, belize belama phase 1, belize

The service is not provided in the following countries: japan, USA, canada, UK, myanmar, brazil, malaysia, israel and the islamic republic of iran

Payment transactions are managed by НDС technologies ltd.; registration no. HE 370778; address: arch. Makariou III & vyronos, P. Lordos center, block B, office 203

For cooperation, please contact us via support@fbs.Com or +35 7251 23212.

Risk warning: before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the internet resources of any materials from this website is possible only upon written permission.

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “accept” button, you agree to our privacy policy.

FBS demo account - opening tutorial and review (2021)

Selecting the best forex broker is never an easy task.

This is why many choose to open a demo account first from the many FBS account types available.

If you have decided to open an FBS demo account, that’s great! We have even included FBS in our list of the best free forex demo accounts.

With the help of this step-by-step tutorial (combined with our FBS review) we hope to make the opening process very easy.

74-89% of retail CFD accounts lose money

FBS demo account opening tutorial

The process of FBS account opening for a demo is actually very straight forward. Nevertheless, we have provided each step of the process along with detailed images for your assistance.

This should make opening an FBS demo account a real breeze for everyone, even more so if you do it after reading our FBS broker review.

So, here we are. Let’s get started on opening your demo account with FBS:

Step 1 – getting started with your FBS demo account

Your very first destination when opening an FBS demo account should be the broker homepage. Your experience may be slightly different depending on your location.

If you are within europe, you will be directed to the cysec regulated FBS site. Here you simply click the button as highlighted below and you will be started on your demo journey.

The only slight difference in the process of registering a forex demo account as an international user comes at this point where you will be presented with a different homepage. You simply need to scroll a little down the page to about the midway point where you will see the demo account option as shown below:

Step 2 – FBS demo account – what documents/information do you need?

Actually, you will not be needing any documents as such when you choose to open an FBS demo account.

What you will need is an email address which you can confirm in order to activate your FBS demo account.

Naturally, after trying out your demo account in the provided period, if you then want to proceed with opening an FBS live account, there are a few documents you will need to submit. There include your proof of ID and address.

Step 3 – fill in registration form

So, after clicking on the “open demo account” button as shown above for EU users, the next screen you will be greeted by is a very simple registration form.

As you can notice, this is a very simple form which should be fast to complete. All you need to do is enter your name and email address. At this point you can also select between an FBS standard demo account or an FBS micro demo account. The choice is yours.

You should then check the two boxes at the bottom and click “open an account”. You will then be directed to the next step.

74-89% of retail CFD accounts lose money

Step 4 – confirm the account via email/telephone

The next step in the process of opening your FBS demo account is to confirm the email address which you provided in the previous step. This has to be done before you can activate and log-in to your new FBS demo account.

The email you receive should look like the one below:

Once you see this, just click on the “confirm email” button and you are good to go. It really is as easy as that.

Once you have confirmed the email, you will be presented with a confirmation screen like the one below. This indicates that you have now completed the FBS demo account opening process.

Once you have collected your platform information and passwords from here you can just head back to the log-in screen at your FBS site. There you will log-in to your FBS dashboard using the information which you set during registration.

Step 6 – choosing your FBS demo account platform

After your first successful FBS demo account log-in you will see your account dashboard. ON the left side, simply click the “trading platforms” button. On doing that you will notice the following screen:

All you have to do is click on the related trading platform you want to use, download it, and use the details provided during confirmation to log-in and start trading on your demo trading account.

74-89% of retail CFD accounts lose money

FBS demo account review

Now that you have hopefully completed the account opening process, let’s take a deeper look inside what you can expect from your FBS demo account.

What types of FBS demo account are available?

If you are a europe-based FBS trader then every account type there will be available for you to open a demo account. This means you could open a standard or FBS micro demo account.

If you are an international trader operating from FBS.Com, you will also be able to open every type of account as a demo. This means you will have access to FBS cent account, standard, micro, zero and FBS ECN accounts to try out on a demo basis.

FBS demo account features, restrictions and differences with live account

An FBS demo account has all of the same benefits as you would expect from a live account. There are no particular restrictions which you need to look out for when operating through a demo account with FBS.

The one differing point as with that of any demo account with major brokers is the fact that slippage could occur. This is the difference between the price at the time when you make a trade, and the time when it is actually executed.

Nevertheless this should be very minimal and only happens on rare occasions or during high volatility periods.

Advantages of trading with an FBS demo account

There are several advantages when it comes to trading through an FBS demo account.

These center around the fact that this account risks none of your real funds, yet still provides access to a fully functioning account with all of the same features as an FBS live account.

This makes the FBS demo account opening a very practical and beneficial idea. It allows you to practice and replicate many of the scenarios which you may encounter in the real market but without the risk.

In the long-term, this will undeniably help you to learn more about forex trading, FBS broker itself, and how to use the trading platforms. It will hopefully lead to eliminating mistakes and making you a better live trader overall.

74-89% of retail CFD accounts lose money

FBS demo account management

Once you have gotten to grips with your new demo account and all of its features, you may be wondering about how long you can keep your demo trading account open or how to restore an FBS demo account. Here we have covered those issues to help you along.

Expiring time

The FBS demo account expiration again depends on where you are based. For those who are within europe and operating under cysec regulations, you will have access to your demo trading account for a 90-day period. The account will then expire after 90 days. At this point you can still create a new FBS demo account if you want to continue your practice.

If you are operating under FBS as an international trader, your demo account will be limited to a 45 day period. Again however after the 45 day period runs out, you can create a new FBS demo account to keep trading through.

Restoring expired demo accounts

As FBS demo accounts do not expire due to inactivity, you should not be faced with the situation of having to restore it. As mentioned above though, if you do face any problems, you can simply follow the process to open a new FBS demo account easily.

74-89% of retail CFD accounts lose money

Choosing a reliable broker: FBS vs IQ option

To become a successful trader, you need to choose a broker carefully and take it seriously. To find a reliable broker, it is necessary to analyze some key features of the platform. Each broker seeks to attract new traders.

But a decent broker cares about its clients by creating the most favorable and comfortable conditions for trading, providing simple and convenient rules, constantly expanding the standard list of instruments. In this article, we will review two well-known brokers – FBS and IQ option.

This comparison will make it easier for you to make your choice.

Description

FBS

FBS is a forex and CFD broker that provides its services worldwide. The company was founded in 2009 and since then the brand has progressed in size, capacity, and technology. FBS offers currency pairs, cfds, stocks and metals. The site content is translated into 18 languages, confirming its popularity among beginners and experts around the world. FBS forex serves clients in asia, latin america, europe, the middle east and north africa. The main focus is on offering financial products for trading currencies, metals and indices for clients with different purposes and means.

Main features of FBS

The minimum starting deposit is $ 1

Trading accounts are in euro and dollar

The minimum volume of a trade order is 0.01

Two types of spread – floating and fixed

Order execution technology – ECN and STP

Automated trading is allowed

IQ option

The IQ option broker began its activity in 2011. It has attracted 46 million traders from more than 240 different countries. One of the main benefits of the broker is the high profitability of assets, the profitability can reach 95%. High-quality work of technical support and ease of use of the trading platform also became the reasons that in 2013 this company was recognized as the most innovative binary options broker.

The key features of IQ option

Accounts from $ 10

Options from $ 1

Free demo account for everyone

Weekend and standard turbo options are available

High-interest rates (even more than 90% on popular currency pairs)

Regulated period of profit withdrawal

Own trading platform

You will need to take only a few steps to become a member of the forex broker FBS platform. At first, you will be offered to fill in a short form. After it, you will receive a letter to the email address with the link to confirm your email. It will give you access to the personal account, where you need to fill out an extended questionnaire and download a passport scan.

You can register in the IQ option system in two ways: quick registration or authorization through social networks (facebook, google plus, vkontakte, mail.Ru). After selecting the first method, you need to enter your name, phone number, e-mail address, come up with a password, and then start your trading career on the platform.

Platform description

To ensure smooth and efficient trading, the FBS broker provides clients with reliable forex trading platforms – metatrader4 and metatrader5. FBS MT4 is often referred to as the best platform model for online trading. It is quite easy to use and can be tailored to the needs of the client. FBS metatrader4 offers a good selection of instruments, many technical indicators and a comprehensive charting package. You can auto trade here using the expert advisor.

MT5 is an updated variant of the resource that has all the advantages of MT4 but is much improved. Metatrader 5 has an updated interface and provides higher efficiency.

IQ option trading platform is available for PC, mac, android, ios, as well as an online version for the internet browser. All customers have a unified interface and are synchronized with each other. The developers managed to achieve a fairly high speed of order processing. At the moment, it is one of the fastest platforms in the binary options market. It includes several unique tools.

You have access to graphical tools as well as a small list of standard technical indicators: moving average, bollinger bands, alligator, RSI, and others. It allows you to carry out some technical analysis, which is not the case with most other binary options platforms. Currently, the broker offers 12 currency pairs, indices, commodities, as well as shares of 50 large companies.

FBS demo account - opening tutorial and review (2021)

Selecting the best forex broker is never an easy task.

This is why many choose to open a demo account first from the many FBS account types available.

If you have decided to open an FBS demo account, that’s great! We have even included FBS in our list of the best free forex demo accounts.

With the help of this step-by-step tutorial (combined with our FBS review) we hope to make the opening process very easy.

74-89% of retail CFD accounts lose money

FBS demo account opening tutorial

The process of FBS account opening for a demo is actually very straight forward. Nevertheless, we have provided each step of the process along with detailed images for your assistance.

This should make opening an FBS demo account a real breeze for everyone, even more so if you do it after reading our FBS broker review.

So, here we are. Let’s get started on opening your demo account with FBS:

Step 1 – getting started with your FBS demo account

Your very first destination when opening an FBS demo account should be the broker homepage. Your experience may be slightly different depending on your location.

If you are within europe, you will be directed to the cysec regulated FBS site. Here you simply click the button as highlighted below and you will be started on your demo journey.

Step 2 – FBS demo account – what documents/information do you need?

Actually, you will not be needing any documents as such when you choose to open an FBS demo account.

What you will need is an email address which you can confirm in order to activate your FBS demo account.

Step 3 – fill in registration form

So, after clicking on the “open demo account” button as shown above for EU users, the next screen you will be greeted by is a very simple registration form.

You should then check the two boxes at the bottom and click “open an account”. You will then be directed to the next step.

74-89% of retail CFD accounts lose money

Step 4 – confirm the account via email/telephone

The email you receive should look like the one below:

Once you see this, just click on the “confirm email” button and you are good to go. It really is as easy as that.

Once you have confirmed the email, you will be presented with a confirmation screen like the one below. This indicates that you have now completed the FBS demo account opening process.

Step 6 – choosing your FBS demo account platform

74-89% of retail CFD accounts lose money

FBS demo account review

Now that you have hopefully completed the account opening process, let’s take a deeper look inside what you can expect from your FBS demo account.

What types of FBS demo account are available?

If you are a europe-based FBS trader then every account type there will be available for you to open a demo account. This means you could open a standard or FBS micro demo account.

FBS demo account features, restrictions and differences with live account

Nevertheless this should be very minimal and only happens on rare occasions or during high volatility periods.

Advantages of trading with an FBS demo account

There are several advantages when it comes to trading through an FBS demo account.

These center around the fact that this account risks none of your real funds, yet still provides access to a fully functioning account with all of the same features as an FBS live account.

74-89% of retail CFD accounts lose money

FBS demo account management

Expiring time

Restoring expired demo accounts

74-89% of retail CFD accounts lose money

FBS $100 no deposit bonus

'trade 100 bonus' is given for free by FBS. Only for MT5 trading account!

Get $100 for free to pump up your trading skills and get familiar with forex trading without risking your own funds!

Notice

This promotion has ended its release period. Please check FBS's latest information and campaign on FBS's company introduction page.

Promotion details

FBS trade 100 bonus

What’s FBS trade 100 bonus?

Why you should get FBS trade 100 bonus?

How to get FBS’s $100 no deposit bonus
1. Open the bonus account
2. Trade for at least 30 days and fulfill the conditions
3. Get your profit!

How to make a fund withdrawal from FBS trade 100 bonus account

FAQ of FBS $100 no deposit bonus promotion

Terms and conditions of FBS trade 100 bonus

FBS trade 100 bonus

trading platform	metatrader5
promotion period	50 days
profit withdrawal	available after fulfilling conditions
available financial instruments	forex major currency pairs

What’s FBS trade 100 bonus?

After FBS has ended $50 and $123 no deposit bonus promotions, they have launched a new no deposit bonus.

Trade 100 bonus is the FBS’s latest no deposit bonus which gives away 100 USD for free to all traders.

If you haven’t received it yet, you can have $100 for free without any costs or risks involved to your own funds .

FBS’s trade 100 bonus is the ultimate risk-free promotion suitable for both new and experienced forex traders.

Why you should get FBS trade 100 bonus?

Trade 100 bonus is especially suited for new and novice traders in forex market.

Completely free

3 minutes online registration

No risks involved to your own funds

If you are an experienced trader, trade 100 bonus is your chance to get familiar with FBS platform .

Trade on major currency pairs, enjoy low spreads and swap free option for your trading and, of course, make some profit out of FBS’s welcome gift!

FBS has a tutorial video for traders who are interested in the promotion.

Watch the video to easily understand why you should receive the trade 100 bonus and how.

How to get FBS’s $100 no deposit bonus

Are you interested in getting FBS’s trade 100 bonus?

Follow the instructions below and get started.

1. Open the bonus account

First, you must signup for FBS from the online registration page.

Once you signed up for FBS, login to the “personal area” from the official website and go to “promotions and bonuses”, then click on “trade 100 bonus” as below .

Next, click on “open account”.

2. Trade for at least 30 days and fulfill the conditions

Once you open the trade 100 bonus account, you will receive MT5 account login credential.

Now you have 50 days to trade with the bonus.

After 50 days, the account will be disabled and profit amount ($100) will be transferred to your live account automatically, only if you meet all requirements.

While trading, please note that:

The order volume is limited to 0.01 lot

The maximum number of positions opened at the same time is 5

3. Get your profit!

The sum available for withdrawal is 100 USD.

In order to withdraw profit from FBS’s trade 100 bonus account, you should have at least 5 lots traded in the period of 30 active trading days.

The requirement for profit withdrawal from FBS’s trade 100 bonus account is explained below.

How to make a fund withdrawal from FBS trade 100 bonus account

There are mainly 2 requirements for profit withdrawal which are:

5 lots of trading volume
only orders with 10 points (100 pips) difference between opening and closing prices meet the conditions.

30 days of active trading period
this must be fulfilled in 50 days.

Once you meet the above 2 conditions, you can withdraw $100 profit to your live/real account from the personal area.

FAQ of FBS $100 no deposit bonus promotion

Here are some frequently asked questions of FBS’s trade 100 bonus promotion.

Who can receive FBS’s $100 no deposit bonus? Any clients who haven’t received the bonus can receive the bonus. The bonus is available only once per client. What’s the requirement to receive FBS’s $100 no deposit bonus? You only need to verify your account information in FBS’s personal area. The required documents are copies of ID and proof of address. How long FBS’s $100 no deposit bonus is available? FBS’s trade 100 bonus account is available for trading for 50 days. After the period, the account will be disabled for further trading. Isn’t $100 too small to start trading forex online? The trade 100 bonus is especially suited for beginners to experience FBS’s trading condition and practice trading. 100 USD would be enough amount to trade forex majors in MT5 account. Any costs that I need to cover to receive FBS’s $100 no deposit bonus? There is no cost involved or any extra commissions. The promotion is commission free and risk free. What’s the fund withdrawal condition of FBS’s $100 no deposit bonus? The bonus amount $100 cannot be withdrawn. Profits made in the bonus account is available for withdrawal after trading certain amount of lots. Why I can’t login to FBS’s trade 100 bonus account on MT4? Trade 100 bonus is available for MT5 platform only. Please install MT5 platform from FBS’s official website what can I trade on FBS’s trade 100 bonus account? In FBS’s trade 100 bonus account, you can only trade forex major currency pairs.

Do you have other questions in mind? Go to FBS official website and contact FBS’s multilingual support team available for 24/7.

Terms and conditions of FBS trade 100 bonus

Before receiving FBS’s 100 USD no deposit bonus on MT5, you must know the conditions and rules of the promotion.

Here are some important T&C of the promotion.

For the full terms and conditions of the promotion, please login to the personal area from FBS’s official website.

FBS trade 100 bonus is available only for MT5 (metatrader5) platform. Thus you can’t login to the bonus account on MT4 (metatrader4) platforms.

When you login to FBS’s trade 100 bonus account, the account is specifies as a “demo” until you fulfill the volume requirement.

The available trading volume in FBS’s trade 100 bonus account is limited to the 0.01 lot, which equals to 1,000 units.

The leverage for the bonus account is set to 1:100 and cannot be changed.

The available withdrawal amount from the bonus account is $100. You cannot withdraw less or more amount.

Profit withdrawal from the bonus account is available only once.

The maximum number of positions you can have at the same time in the bonus account is 5.

In FBS’s trade 100 bonus account, you can trade only forex major currencies pairs. Any other financial instruments are unavailable for trading.

In FBS’s trade 100 bonus account, you cannot perform locking/hedging, expert advisors (EA) or ladder strategy (it is not allowed to open a new deal in the same direction within an hour after the closure of the previous deal).

Best forex demo account review (2021)

Forex demo accounts are great for beginners to practise trading and test platforms such as metatrader 4 and 5. Demos’ are also good for experienced traders to do backtesting. Below we look at the top brokers with the demo accounts for 2021.

Top forex demo accounts

The 2021 forex demo account review focused on test trading platform features, easy of use and customer service.

Pepperstone – best MT4 demo account overall

IC markets – best MT5 broker for CFD trading

Plus500 – offers top risk tools for practice

Etoro – top social trading demo platform

FXCM – good to practice charting with ninjatrader

Oanda –top unlimited forex demo

IG – best forex demo account for UK traders

Thinkmarkets -best demo account for mobile trading

Axi – best customer support with demo account

TD ameritrade – has thinkorswim, the top demo account in the US

Pepperstone MT4 demo account

Pepperstone has one of the best demo accounts as it allows you to practice with metatrader 4 (MT4), metatrader 5 (MT5) or ctrader forex trading platforms.

Metatrader 4 is the best choice of platform for a demo trading account as it is considered the gold standard when it comes to trading platforms. This platform offers all the essential trading tools to familiarise yourself with trading such as 30 indicators, 31 graphical tools, 9 timeframes, automated trading and social trading.

With over 60 currency pairs to choose from, all with ECN-like tight spreads, pepperstone will help you minimise your trading costs. Pepperstone is known for its lightning-fast execution speed of 30ms on average which will help you avoid slippage and its award-winning customer service team, many who are traders themselves. Traders can choose from their commission-free standard account and razor account with $7.00 commissions round-turn per lot.

Pepperstone’s demo trading account is ranked first due to the ease of setting up an account, a balance of virtual money to simulate live trading and the access an environment similar to ECN trading. You can view a complete review of pepperstone. After familiarising themselves with the platform and forex broker, users can sign up to a real money account and start trading forex and cryptocurrencies.
Key strengths of pepperstone’s forex demo account:

Fastest execution times (avg 30ms)

Up to 500:1 leverage (30:1 for retail traders in the UK and europe)

$50,000 in virtual money, 30-day trial (can be reset through with pepperstone support)

Regulation with ASIC, FCA, DFSA, cysec, bafin, CMA, SCB

MT4, MT5 or ctrader trading platforms

Excellent trading conditions and customer service

Note: pepperstone limited (UK) does not offer crypto products due to FCA forex broker compliance requirements. Crypto trading is available with all other subsidiaries.

IC markets demo account

IC markets demo account offers virtual forex trading on the worlds top trading platforms (metatrader 4, metatrader 5 and ctrader). Unlike most brokers which limit the virtual cash and time you can use the demo account, IC markets allows you to choose how much virtual cash you wish to trade and the account will only be closed after 30 days of inactivity. IC markets demo account is free, you don’t need to open an account (which requires a $200 deposit) to practice trading.

Metatrader 5 (MT5) is the successor to metatrader 4 (which is widely considered the gold standard for platforms). Metatrader 5 offers more technical indicators, graphical tools and faster processing than MT4. One notable difference is that MT5 is designed for decentralised and exchange-traded cfds such as stocks. In time, this platform will because the worlds most popular platforms as MT4.

IC markets offers 64 currency pairs and an ECN-like environment with fast execution speeds and high leverage. Traders can choose between their standard account and raw spreads account which has commissions of $3.50 side trip.

Key strengths of IC markets forex demo account:

Fast execution speeds

Unlimited virtual cash (you set the amount)

Demo account is valid until 30 days of inactivity

Up to 500:1 (30:1 in UK and europe for retail traders) leverage

64 forex pairs, as well as a range of financial instruments such as commodities, metals, stocks, and bonds

MT4, MT5 or ctrader trading platform

Regulated by ASIC, cysec. FSA

Plus500 demo trading account

Plus500 is one of the worlds largest cfds providers. Plus500 have designed their platforms to help traders take advantage of the wide range of cfds available with ease. Cfds available in addition to the usual forex and indices include an extensive range of commodities including some rare options such as lean hogs, cattle and 13 cryptocurrencies. Traders can also trade options, stocks and indices for sectors such as cannabis, lithium and real estate.

Plus500 does not charge commissions which means fees are included in the spread and include risk management tools such as negative balance protection and guaranteed stop-loss.

Key strengths of plus 500 demo account:

Demo account has 50,000 in virtual cash (resets when below 200)

Demo account has no time limit (FREE unlimited account)

Risk management such as guaranteed stop-loss/take-profit

Offers extensive CFD range including unique sector indices and options

Use of ‘guaranteed stops’ in demo accounts

Regulated by ASIC, FCA and cysec

Note: plus500uk ltd does not offer crypto trading due to FCA compliance requirements for forex brokers. Crypto is available with all other subsidiaries.

*your capital is at risk ‘76.4% of retail CFD accounts lose money’

OANDA demo trading account

Oanda’s offers a choice of their in-house developed platform oandatrade which is available as a web trader, desktop and mobile version and metatrader 4. With both platforms, your demo account will have 100,000 virtual units for trade which never expires.

Choosing oanda gives you a choice of 2 retail investor account, the premium account which is a spread only product and core account which has a commission of $7 per 1k round turn and ECN like trading execution.

The latest version of the brokers’ trading platform (oanda trade v20) offers institutional-grade execution of less than 1ms, a guarantee of no requote or rejections and trading directly from the charts.

Key strengths of OANDA markets demo FX account:

100,000 virtual trading unit that can be reset anytime

Demo platform never expires

Choose from 5 trading platforms (oandatrade, metatrader 4, tradingview)

70+ currency pairs including exotic currencies

Trade directly from the charts

No requotes or rejections

FXCM demo forex trading account

FXCM allows you to choose from 4 trading platforms to demo. These include trading station, metatrader 4, ninja trader and tradingview. Trading station is FXCM own proprietary trading platform which is the best option (along with metatrader 4)if you wish to use trading automation with FXCM automation and backtesting. Ninjatrader is the best option should you use to access advanced charting and trade management options. Tradingview is the best option if you wish to practice social trading.

FXCM only offers one account and this account is spread only meaning there are no commissions*. FXCM like to be open about their transparency, the broker publishes regular reports on their trading execution performance. In 2020 Q2 59.92% of orders had no slippage and 28.48% of orders had positive slippage. 73.24 of limit and limit entry order has positive slippage

Key strengths of FXCM demo FX account:

$5,000 to $20,000, £50,000 in virtual funds (depending on chosen platform) to trade in the demo account

CFD trading with no commission fees

Regulated with ASIC, FCA, FSCA (south africa)

*FXCM can be compensated in several ways, which includes but not limited to adding a mark-up to the spreads it receives from liquidity providers and adding a mark-up to rollover etc. Commission-based pricing is applicable to active trader account types.

Etoro demo forex trading account

Etoro is a social trading platform which makes it different to most other platforms. So learning the etoro trading platform with a practice account is very handy. The etoro account is available for free and includes 100,000 if etoro virtual money and has no time limitations.

Etoro biggest feature is its social trading component. Rather than conducting your own analysis and placing each individual order, social-copy trading platforms allow you to follow and copy the strategies of successful traders with a wealth of experience. Key features include:

Copytrader (copy people): openbook’s standard account mirroring service, where you copy the trading strategies of other users, rather than placing trades yourself.

Copyportfolio: designed as a longer-term investment, copyportfolios are bundles of cfds that include different traders’ strategies and asset classes.

Key strengths of etoro demo FX account:

100,000 etoro virtual cash with automatic refresh)

No time limitation

No commission

Social trading with copytrader and copyportfolio

IG markets

IG markets was founded in the UK in 1974 as a spread betting business and later renamed IG group when listing on the london stock exchange in 2000. Being a UK company, IG is a solid option for UK forex traders for a demo account. By choosing IG as your demo account, you can benefit from CFD trading such as forex, options, etfs, interest rates and bonds. If you are in the UK, you can also spread bet and binary trade. Some countries also have the possibility of trading stocks (not cfds).

IG markets allow you to use their own inhouse IG platform and metatrader 4 as demo trading platforms. With the IG platform, you will get access to their online trading platform, $20,000 of virtual funds and 17,000 markets. Choosing this platform means you will get free access to exclusive educational content on the IG academy which new traders will appreciate and chart packages that may otherwise incur a fee.

If you prefer to practice using metatrader 4, IG gives you access to $10,000 in virtual currencies and 80+ markets to choose from. Choosing metatrader 4 also means you can practice with expert advisors and 18 free indicators and add ons.

Key strengths of IG markets demo FX account:

$20,000 in virtual cash with IG platform and 17,000 markets

$10,000 in virtual cash with metatrader 4 and 80+ markets

Free access to charting packages and add on indicators

Regulated by ASIC, FCA, bafin (germany), FMA (new zealand), FINMA (switzerland), MAS (singapore), DFSA (dubai), CFTC/NFA (USA).

Thinkmarkets metatrader 4 demo account

Thinkmarkets demo account allows you to practice with their thinktrader platform thinktrader is one of the best trading apps in the market for mobile trading. With a quad screen display, 80 indicators, 50 drawing tools, 14 chart types and 200 cloud-based alerts, thinktrader is rated 5 stars by over 15,000 users in the android and ios mobile app stores.

Thinkmarkets trading includes 25,000 of virtual currency and is available for use as long as you don’t leave it inactive for 30 days.

Key strengths of thinkforex demo FX account:

Seven demo account currencies

Expert advisors (eas) testing available

No scalping limit

500:1 leverage

Regulation: ASIC, FCA, FSCA (south africa)

Axitrader MT4 demo account

A 30 day 100% free demo account is available with axi (formerly axitrader). This broker offers access to metatrader 4 and $50,000 in virtual cash with no minimum deposit requirements to open an account.

The most unique feature of axi’s demo account is the inclusion of a dedicated account manager in addition to their 24/5 client support. Axi customer support is award-winning and highly valued as it means you can ask trading questions while you learn about forex trading and develop your trading style.

Key strengths of A GO markets demo FX account:

$50k of virtual currency in a demo account

Dedicated account manager

24/5 support over live chat or phone

Authorised and regulated by ASIC, FCA, DFSA (dubai)

TD-ameritrade broker demo account

Thinkorswim is TD-ameritrade’s proprietary trading platform and available to traders based in the united states as a desktop, web trader or mobile trading platform.

Thinkorswim provides a good range of features, with inbuilt tools for both automaton and charting.

Advanced, professional-grade charting and technical analysis tools

In-app chat and community chat rooms

Backtesting features

Market monitors and heat maps

Real-time market news

Customisable alerts

To explore the thinkorswim platform in a risk-free environment, TD-ameritrade offers a demo account with full access to the software. A virtual trading balance of $100,00 is provided to practice trading with free access for 60 days.

TD-ameritrade is one of the few brokers that offers forex trading in the USA. Choosing thinkorswim means you can trade 70 forex pairs with no commissions and leverage of up to 50:1 for major pairs and 20:1 for minor pairs.

Key strengths of A GO markets demo FX account:

Thinkorswim trading platform

70 currency pairs

Suitable for american traders

Commission-free trading

Regulated in USA by CFTC, NFA, SEC

What should I look for in A forex demo account?

The most important element when looking for the best forex demo accounts is to consider the platforms offered. The trading platform is what you will be using to trade, so it is important to choose a platform, you are comfortable using. Traders generally have a personal preference to metatrader 4, metatrader 5 or ctrader trading platforms.

The second important factor is the features within the demo account that will replicate a real trading environment in the CFD and forex market. This includes what access how similar the spreads are to real markets, available leverage, customer service and risk management tools. Like choosing the best forex platform for you when forex trading, having the right features within the platform to suit your forex strategy can be critical to future success.

A third factor is execution speed which helps traders make fast trades with reduced slippage in higher volatility markets that can carry high risk. A demo account should simulate real trading conditions. This means taking spreads from real markets so you can learn how cfds work in the real world.

The final factor is the expiration date of the demo account and how much virtual currency is available. Some demo accounts are only valid for one month while others are unlimited.

Why are demo accounts so important?

Trading financial instruments such as forex and shares is a high-risk investment, especially if you are exploring different forex and CFD markets for the first time. Forex and CFD markets such as cryptocurrency are high-risk environments, therefore traders should be cautious when taking on highly leveraged positions. Leverage is a complex instrument, so its important to understand there are risks of losing more money than you originally deposited in your trading account. It is important to get experience trading using a demo account so you are well equipped to deal with the volatility and the high-risk nature of financial markets before signing up for a real account or live account.

Understanding Volatility With A Demo Account

Learning to trade forex can be achieved by reading and research as well as utilising forex brokers educational tools such as webinars, faqs, ebooks, online courses. However, the most effective way is to practice trading via a demo account, allowing you to develop strategies and your trading style. Demo accounts allow users to familiarise themselves with various markets and trading platforms. Virtual money accounts are suitable for levels of experience and we encourage you to practice trading with a forex broker listed above prior to trading with real money.

Background to our forex demo review

This demo account review was compiled and published in 2016 and was updated at the start of 2021. It was put together by the dedicated staff at compare forex brokers who spent a significant amount of time researching the industry. As the market changes rapidly and brokers continue to offer new features all the time, please validate all information read above with the forex broker’s dedicated website. We aim to update our analyses frequently but sometimes inconsistencies can be found.

Justin grossbard has been investing for the past 20 years and writing for the past 10. He co-founded compare forex brokers in 2014 after working with the foreign exchange trading industry for several years. He also founded a number of fintech and digital startups including innovate online and SMS comparison. Justin holds a masters degree and an honours in commerce from monash university. He and his wife paula live in melbourne, australia with his son and siberian cat. In his spare time, he watches australian rules football and invests on global markets.

Top forex demo accounts

Pepperstone

IC markets

Plus500

Etoro

FXCM

OANDA

IG markets

Thinkforex

Axitrader

TD ameritrade

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Fbs demo account registration

Feel free to contact us by live chat, call back, email or freephone 24 hours a day, 5 days a week (monday to friday).

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Trading point of financial instruments limited is authorised and regulated by the cyprus securities and exchange commission (licence number: 120/10).
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Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please consider our risk disclosure.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

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So, let's see, what we have: the benefits of demo trading. Trade and learn with forex demo account. Try your forex trading strategy with virtual money to go real fully armed later. At fbs demo account registration