Free Forex Demo Account

Before forex trading beginners invest any sort of money into a live account, they need to come to grips with the business via a free forex demo account. This is extremely important as opening a live account will probably result in the trader losing all their funds within the first month.

There are a wide variety of Forex Brokers on the market and they all offer their own free forex demo account for potential clients to test out. Those interested in doing business with particular forex brokers should never pass up the chance to try out their free forex demo accounts extensively before actually pulling the trigger.

This is because forex brokers offer a wide variety of trading platforms. As such, the beginner might not be comfortable with some trading platforms offered. Personally, i tend to stay away from platforms that are not Metatrader 4. Only when the benefits far outweigh the disadvantages of trading on a platform other than my beloved metatrader 4 will i actually consider doing business with the forex broker in question.

So below, i have listed a few online forex brokers that offer free forex demo accounts to anyone interested. All that is needed is filling out a simple form and awaiting confirmation as well as the username and password.

Fxcm

Probably the best online forex broker out there at the moment along with Oanda. A micro account can be opened with just $25. They offer a mixture of free online trading courses, seminars as well as free tools. They also have the lowest spreads on a micro account anywhere on the web. Their free forex demo account is only available on their own trading platform, the FX trading station II.

Easy Forex

Easy Forex is a strong participant with very competitive spreads. They are one of the few brokers that have been in the business for many years, since 1999. They give an remarkable 12 base currencies for customers as well as customer support for all major languages. Their free forex demo account does not require an install as their platform is entirely web based.

eToro

A heavy advertiser, eToro is a very fascinating as well as distinctive forex broker. Their trading platforms make use of several aspects found in computer games. As such, currency pairs are visualized in a marathon race as well as even a tug of war between two currencies. Free Forex demo accounts are available for download.