Forex demo accounts allow you to trade in live market conditions without risking any capital. Not only are demo accounts great for beginners learning their craft, but experienced traders looking to perfect their strategy.
In this guide, we reveal the best forex demo accounts for 2025. We cover all important metrics, such as supported forex pairs, the amount of demo funds you’ll receive, time limits, analysis tools, and much more.
List of the Best Forex Demo Accounts
You’ll find the best forex demo accounts for 2025 listed below:
- eToro – Free $100,000 demo account with support for virtually trading 5,500+ instruments including forex, stocks, crypto, and more. The demo account supports copy trading and offers access to all of eToro’s trading tools. You can also reset the account at any time.
- AvaTrade: It supports forex, options, indices, stocks, and bonds, and offers MT4 and MT5 besides its own platform and mobile app. It doesn’t charge commissions, and its forex spreads start from 0.9 pips. The demo account comes with $100,000 in virtual funds.
- XTB: The licensed forex broker supports dozens of major, minor, and exotic pairs for commission-free trading at low spreads. It supports MT4 and its native xStation 5. You can open a free demo account without needing to provide your payment details.
- Forex.com: This global forex broker supports US clients. Its demo account is funded with $50,000 in virtual funds, and it mirrors live market conditions. You can use the demo account for 90 days before it expires. US clients can access DMA (direct market access) accounts.
- FXTM: This forex broker supports the MT4 and MT5 trading platforms. You can open a free forex demo account on either of these platforms. There are multiple real-money accounts to choose from, too, covering zero-spread and commission-free plans.
Disclaimer: Your capital is at risk.
Best forex demo accounts reviewed
Demo accounts or paper trading are offered by regulated forex brokers that typically support dozens of pairs. You’ll need to ensure the demo account mirrors live market conditions and that it supports your preferred analysis tools.
What’s more, if you’re planning to trade forex with real money further down the line, consider commissions, spreads, and account minimums.
We explore these metrics below, where we review the ten best forex demo accounts for 2025.
1. eToro – Best forex demo account with copy trading tools
eToro is regulated by leading bodies in the US, UK and Europe. The $100,000 demo account gives you unimpeded access to this broker’s platform. With the demo account, you can practice trading up to 55 forex CFD pairs along with stocks, ETFs, commodities, cryptocurrencies, and more.
You’re able to trade using eToro’s proprietary charting platform, which is packed with technical indicators and drawing tools. You can also access all of eToro’s news and forex analysis. There are no third-party platforms available, though.
eToro’s demo account is designed to help you mimic real trading. You can reduce your account balance to as little as $2,000, which is great if you plan to trade with a small account. The demo account also includes trading fees, so you can factor these into your strategy when determining whether it’s profitable.
Another great thing about eToro’s demo account is that you can use it to copy trade. This allows you to see how profitable you could be while copying experienced forex traders on eToro.
There are no fees for copy trading on eToro, either for paper trading or live trading, making eToro one of the most competitive platforms on the market today.
You can switch between paper trading and live trading at any time with just a click. That makes it easy to use eToro’s demo account to test out new strategies, while also trading forex for real in your brokerage account.
eToro also has dedicated smart portfolios that operate similarly to ETFs but without management fees.
| Demo account balance | Time limit | Leverage | Platforms |
| $100,000 | None | 30:1 | Proprietary web and mobile trading platforms |
Pros
- Open a demo account for free with no minimum deposit
- Access all of eToro’s charting and analysis tools
- Reset your account balance at any time
- Supports demo copy trading
- Switch between paper and live trading at any time
Cons
- Must contact customer support reset your account balance
- $10 per month fee after 12 months of inactivity
61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2. AvaTrade – Trade the major forex pairs from 0.9 Pips with $100,000 in demo funds
AvaTrade also offers one of the best forex demo accounts in the market. It takes less than two minutes to get started, and you’ll receive $100,000 in demo funds.
Although the demo account expires after just 21 days, you can extend it at any time. You simply need to add a new demo account via the AvaTrade dashboard.
What’s more, you have plenty of options when choosing your preferred demo platform. For example, AvaTrade supports MT4 and MT5. It also has its own proprietary web trading platform and mobile app. AvaTrade also offers a separate trading suite if you want to trade forex options.
In terms of markets, AvaTrade supports 53 forex pairs. There are no trading commissions to pay, and major currencies can be traded from 0.9 pips. AvaTrade also supports leveraged bonds, commodities, indices, ETFs, and stocks.
If you’re looking to trade on margin, AvaTrade offers leverage of up to 400:1. Real money accounts require a minimum deposit of $100. The broker doesn’t charge any deposit or withdrawal fees.
| Demo account balance | Time limit | Leverage | Platforms |
| $100,000 | 21 days, but you can extend your demo account at any time | 400:1 | Proprietary web and mobile trading platforms, plus MT4 and MT5 |
Pros
- Established forex trading platform that’s regulated in nine jurisdictions
- Trade forex commission-free with spreads of just 0.9 pips
- Free demo account with $100,000 in paper funds
- Choose from AvaTrade’s native platform or MT4/5
- No deposit or withdrawal fees on real money accounts
Cons
- You’ll need to keep extending the demo account every 21 days
3. XTB – Free forex demo accounts with up to 500:1 leverage
XTB offers one of the best forex trading demo accounts for high leverage. Put simply, eligible clients can trade forex with leverage of up to 500:1. This offers $500 worth of trading capital for every $1 staked.
Before trading with real money, you can open a free demo account that comes with $100,000 in virtual funds.
The demo account is only available for four weeks. Nonetheless, you’ll find 48 forex pairs on the XTB platform. This covers all majors and minors, plus a selection of exotics. All of the forex pairs supported can be traded at 0% commission. Moreover, XTB offers spreads from 1.3 pips on EUR/USD and GBP/USD.
When opening a demo account on XTB, you can choose from two platforms. Most traders opt for xStation 5 – which is native to XTB. This is available as desktop software for Windows and Mac. You can also trade via your web browser or the xStation 5 app. All three options come with advanced trading tools and technical indicators. You’ll also have access to custom order types, plus economic news.
Alternatively, XTB is also one of the best MT4 brokers. You’ll be given demo login details after registering with XTB, which you can then connect with MT4. Once you’ve got to grips with XTB and you decide to trade forex with your own money, you can upgrade to a real account.
XTB is regulated by the FCA, CySEC, and KNF in Poland. Its parent company is listed on the Warsaw Stock Exchange.
| Demo account balance | Time Limit | Leverage | Platforms |
| $100,000 | Four weeks | 500:1 | Proprietary web and mobile trading platforms, plus MT4 |
Pros
- Free demo account comes with $100,000 in paper funds
- Supports over 50 commission-free forex pairs
- Choose from xStation 5 or MT4
- Regulated by multiple licensing bodies
Cons
- Demo account expires after four weeks
4. Forex.com – US-friendly forex broker with 3 Trading accounts to choose from
Forex.com is an established online forex broker that’s regulated in multiple countries. This includes everything from the US, Canada, and Singapore to the UK, Japan, and Australia. Therefore, you can trade forex in confidence at this broker.
Forex.com offers a free demo account to all users. It comes pre-loaded with $50,000 in virtual funds.
That said, the Forex.com demo account expires after 90 days and it can’t be extended. What’s more, if you opt for the MT4 demo account, this is reduced to 30 days. Nonetheless, this should be enough time to sharpen your trading skills before upgrading to a real money account.
Forex.com supports over 80 currency pairs, and the demo account mirrors live trading conditions.
Trading fees depend on the account type you open. For example, standard and MT4 accounts are commission-free and come with minimum forex spreads of 1 pip.
The raw pricing account offers spreads from 0.0 pips alongside a $7 commission per traded lot. If you’re based in the US, you can also open a DMA (direct market access) account. This offers access to the same forex prices as financial institutions.
| Demo account balance | Time Limit | Leverage | Platforms |
| $50,000 | 90 days for the native platform or 30 days for the MT4 | Depends on the country of residence. | Proprietary web and mobile trading platforms, plus MT4, MT5 |
Pros
- Regulated in many jurisdictions, including the US, Canada, Singapore, and the UK
- Multiple account types and trading platforms to choose from
- Demo account comes with $50,000 in virtual funds
- Trade more than 80 currency pairs around the clock
- US clients have access to forex DMA accounts
Cons
- MT4 demo accounts expire after 30 days
5. FXTM – Unlimited forex demo account funds for MT4 and MT5
FXTM is a leading forex broker that offers multiple account types. It also offers some of the lowest trading fees in the market. For example, if you open an advantage account, you can trade major forex pairs with spreads of 0.0 pips. What’s more, commissions start from just $0.40 per trade.
FXTM also offers micro accounts, which come with 0% commission and spreads from 1.5 pips. This account type has a minimum deposit of just $10.
That said, you can start off with the free forex paper trading account, which doesn’t require a deposit or any payment details. Moreover, you can choose how much you want to add to your demo account – there are no limitations.
When it comes to trading platforms, you can choose from MT4 and MT5. Both options offer access to dozens of currency pairs that can be traded 24/7. FXTM also supports stocks, indices, and commodities. Finally, FXTM offers lots of educational tools, plus an economic calendar and market insights.
| Demo balance | Demo Account Time Limit | Leverage | Trading Platforms |
| Unlimited | Not stated | 2000:1 | MT4 and MT5 |
Pros
- Unlimited demo account balances – choose how much to start with
- Minimum/maximum demo trades of $1/$1 million
- Multiple accounts to choose from – including 0.0 spread plans
- Minimum real money deposit of just $10
- Supports MT4 and MT5
Cons
- Does not have a proprietary trading platform
About forex demo accounts
Forex demo accounts allow you to trade in risk-free conditions. Instead of trading with real capital, you’ll be using virtual funds. This offers many benefits, especially to beginners. For example, demo accounts are ideal for learning how the forex markets work.
The best forex demo accounts track live market conditions, meaning you’re trading real currency quotes.
As a newbie, you’ll be able to practice using pricing charts, technical indicators, and drawing tools. You can also get a feel for how different order types work, such as markets, limits, stop-losses, and take-profits. This is all without risking any of your own money.
In addition, demo accounts allow you to try a new forex broker out before making a deposit, especially if you are unfamiliar with the trading platform. Some demo accounts come with a time limit, so you’ll need to check this before proceeding.
Reasons to use a forex demo account
In this section, we explore some of the core reasons to use a forex demo account in 2025.
Learn how to trade forex
There’s a reason why the majority of beginners lose money trading forex – they haven’t spent enough time learning their craft. This is no different from investing in stocks without knowledge of how to research and analyze companies.
With this in mind, forex demo accounts allow you to learn how to trade in a risk-free environment. This starts with the absolute basics, such as understanding how currency pairs work, how to place orders, and how to read pricing charts.
After that, you can move on to technical analysis. This means analyzing forex charts with technical indicators and looking for trends and potential trading opportunities.
While it can take time to perfect the art of technical analysis, it will eventually pay off.
Testing forex signals and trading bots
There are many automated systems that allow you to trade forex passively. This includes forex signals and robots, otherwise called EAs (expert advisors). However, it wouldn’t be wise to use automated trading systems without knowing if they’re actually profitable. Demo accounts are ideal for this purpose.
- For example, suppose you’re looking to use Learn2Trade, which offers the best forex signals for 2025.
- You decide to test Learn2Trade’s signals via a demo account for several weeks.
- At the end of your trial, you can assess whether the signals made money.
- If they did, and you’re happy with the returns, you can then trade Learn2Trade’s signals with real capital.
The same strategy can be used when testing a forex robot. While you’ll likely need to buy the robot first, you should still test it in live market conditions.
By doing this through a demo account, you won’t lose money if the robot goes on an extended losing run. Forex robots are usually compatible with MT4 or MT5. As such, you’ll need to choose a forex demo account that supports these platforms.
Backtesting a new trading strategy
Forex trading demo accounts are also ideal for backtesting a new strategy. Backtesting is a very important process, as it allows you to evaluate how a strategy would have performed based on historical market data.
You can evaluate the results over your preferred time frame and make adjustments if needed. At no stage do you need to risk any money, as you’ll be backtesting through a demo account.
What’s more, once you’ve completed the backtesting process, you can then test the strategy in live market conditions. Once again, you’ll be using a demo account that tracks real forex quotes. This means you’ll have a solid idea of whether the strategy works.
The benefits of backtesting strategies in a demo account
- We found that the best forex demo trading platform for backtesting strategies is MT4.
- It gives you access to historical market data via the ‘Strategy Tester’ tool, which you can find under the ‘View’ menu.
- However, you’ll first need to get some MT4 demo account login details.
- XTB is a great option here, as it offers $100,000 in demo funds. Plus, it takes just seconds to open a demo account and no payment details are required.
Trying a new forex broker
There are hundreds of forex brokers in the market. One of the best ways to choose the right broker is by opening a demo account. This will enable you to test the broker extensively before making a deposit.
For example, you test its trading platform to ensure it aligns with your skill set. You can also evaluate execution speeds, meaning the time it takes to execute your order.
Tips on selecting the best forex demo account
All forex demo accounts allow you to trade currencies without risking any money. However, you’ll need to consider other metrics when choosing a provider – such as the amount of demo funds you’ll receive and how long the account is valid.
In addition, most forex traders start with a demo account before trading with real money. As such, you always need to factor in what commissions and spreads the broker charges, not to mention its minimum deposit requirement and regulatory status.
Read on for more information on how to choose the best demo account for forex trading.
The demo account balance
First, it’s a good idea to check how much the demo account comes pre-loaded with. XTB, for example, offers $100,000 in virtual capital.
This is more than enough to practice trade without needing to worry about running out of funds. In fact, even if you do run out of virtual capital, you can replenish your demo account at any time.
That said, not all forex demo accounts allow you to replenish your balance. In some cases, once you run out of funds, you won’t be able to use the demo account anymore.
The time limit
It’s also important to check how long you can use the demo account before it expires. This is because the vast majority of demo forex trading accounts come with a time limit.
For example:
- XTB gives you four weeks to use its demo account.
- AvaTrade gives you just 21 days, but you can extend it via your account dashboard.
- When using an MT4 demo account via Forex.com, you’ll get just 30 days before it expires.
Dealing with the expiration of demo accounts
- In most cases, forex demo accounts with a time limit.
- This averages 30-90 days, depending on the broker.
- When your time limit expires, you won’t be able to continue using the demo account.
- That said, some brokers allow you to create a new demo account with a fresh balance.
Live forex quotes
If your chosen demo account doesn’t track real forex rates, it doesn’t serve its purpose. After all, the whole point of using a demo account is to get exposure to the forex markets risk-free.
This means replicating live market conditions like-for-like. For instance, if GBP/USD moves from 1.2609 to 1.2643, you should expect the same from your demo account.
Supported trading platforms
You should also think about what trading platform you want to use with your forex demo account. For example, many online brokers have their own proprietary trading software. Depending on the broker, this might be aimed at beginners or experienced traders.
For example, Plus500’s native platform is suitable for newbies. Both offer a smooth and clean trading interface that’s easy to navigate. You’ll still have access to trading tools, but they are designed with novice traders in mind.
On the flip side, XTB’s native platform is suitable for advanced traders. It comes packed with analysis tools and features, including technical indicators and custom charts. Plus, you can download XTB on your desktop device for a seamless trading experience.
Alternatively, many online brokers also support third-party trading suites. XTB and AvaTrade, for example, support MT4. If you want to trade on MT5, FXTM is a good option. Either way, you’ll be provided with unique login details for MT4/5 by your chosen forex broker.
How long should I use a forex demo account for?
There’s no set time frame for how long you should use a forex demo account. It really depends on whether or not you feel comfortable enough to begin trading with real money.
For example, if you’re a complete beginner, you’ll likely need to use a demo account for several months. This will enable you to grasp how technical analysis works – a crucial component of forex trading.
Just remember, some forex demo accounts come with time restrictions.
[/su_note]Conclusion
Demo accounts are invaluable if you’re a novice forex trader; you can buy and sell currency pairs without risking any capital. To start practicing your forex trading strategy today – head over to eToro.
It takes minutes to open a free demo account and you’ll get $100,000 in virtual funds. With eToro’s demo account, you can trade more than 55 Forex CFD pairs.
61% of retail CFD accounts lose money – your capital is at risk.
Forex Demo Account FAQs
Which forex demo is the best?
Are forex demo accounts accurate?
Why do I trade better on a demo account?
How long should I be demo trading?
References
- https://www.fca.org.uk/news/press-releases/fca-confirms-permanent-restrictions-sale-cfds-and-cfd-options-retail-consumers
- https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/technical-analysis
- https://brokercheck.finra.org/firm/summary/298361
- https://www.gov.uk/government/publications/know-your-customer-guidance/know-your-customer-guidance-accessible-version
Disclaimers:
Copy Trading does not amount to investment advice. Your investments value may go up or down. Your capital is at risk.
US Crypto Trading is offered via eToro USA. US Securities trading is offered via eToro USA Securities, Inc.(“The BD”), a broker dealer registered with the Securities and Exchange Commission (SEC). The US Broker Dealer is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC).
eToro USA (NMLS ID: 1769299 ) is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured.
ValueWalk is not an affiliate of eToro USA Securities, Inc. or eToro USA LLC. ValueWalk is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
