Forex trading platforms practice

Forex, Indices & Commodities.

Practice Trading Forex and CFDs Risk Free.

Live buy & sell prices $50,000 of virtual money Trade online, 24-hours a day, 5 days a week.

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FXCM Awards.

1 In some instances, accounts for clients of certain intermediaries are subject to a markup.

Demo Account: Although demo accounts attempt to replicate real markets, they operate in a simulated market environment. As such, there are key differences that distinguish them from real accounts; including but not limited to, the lack of dependence on real-time market liquidity, a delay in pricing, and the availability of some products which may not be tradable on live accounts. The operational capabilities when executing orders in a demo environment may result in atypically, expedited transactions; lack of rejected orders; and/or the absence of slippage. There may be instances where margin requirements differ from those of live accounts as updates to demo accounts may not always coincide with those of real accounts.

Risk Warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

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High Risk Investment Warning: Trading FX/CFDs on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade FX/CFDs offered by FXCM Australia Pty. Limited ("FXCM AU" or "FXCM Australia") you should carefully consider your objectives, financial situation, needs, and level of experience. By trading, you could sustain a loss in excess of your deposited funds. Before trading FX/CFDs you should be aware of all the risks associated with trading FXCM products and read and consider the Financial Services Guide, Product Disclosure Statement, and Terms of Business issued by FXCM AU. FX/CFDs products are only suitable for those customers who fully understand the market risk. FXCM provides general advice that does not take into account your objectives, financial situation or needs. The content of this website must not be construed as personal advice. FXCM recommends you seek advice from a separate financial advisor. For any questions or to obtain a copy of any documents, contact FXCM at supportfxcm. au. FXCM AU is regulated by ASIC [AFSL 309763]. FXCM AU ACN: 121934432.

FXCM Australia Pty. Limited ("FXCM AU" or "FXCM Australia") is an operating subsidiary within the FXCM group of companies (collectively, the "FXCM Group"). All references on this site to "FXCM" refer to the FXCM Group.

Copyright © 2017 Forex Capital Markets. All rights reserved.

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Forex, Indices & Commodities.

Risk-Free Spread Betting and CFD.

Live buy & sell prices £50,000 of virtual money Trade online, 24-hours a day, 5 days a week.

Sign up for Free.

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FXCM Awards.

1 In some instances, accounts for clients of certain intermediaries are subject to a markup.

Demo Account: Although demo accounts attempt to replicate real markets, they operate in a simulated market environment. As such, there are key differences that distinguish them from real accounts; including but not limited to, the lack of dependence on real-time market liquidity, a delay in pricing, and the availability of some products which may not be tradable on live accounts. The operational capabilities when executing orders in a demo environment may result in atypically, expedited transactions; lack of rejected orders; and/or the absence of slippage. There may be instances where margin requirements differ from those of live accounts as updates to demo accounts may not always coincide with those of real accounts.

Risk Warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

About FXCM.

Popular Platforms.

Launch Software.

More Resources.

Customer Service.

FXCM Policies.

High Risk Investment Notice: Trading forex/CFD's on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. Leverage can work against you. The products are intended for retail and professional clients. Due to the certain restrictions imposed by the local law and regulation, German resident retail client(s) could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds. Be aware and fully understand all risks associated with the market and trading. Prior to trading any products offered by Forex Capital Markets Limited, inclusive of all EU branches, FXCM Australia Pty. Limited, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the “FXCM Group”], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited (“FXCM AU”) (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement and Terms of Business. The FXCM Group may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group’s websites prior to taking further action.

Forex Capital Markets Limited ("FXCM LTD") is an operating subsidiary within the FXCM group of companies (collectively, the "FXCM Group"). All references on this site to "FXCM" refer to the FXCM Group.

Forex Capital Markets Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Registration number 217689.

Tax Treatment: The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.

Copyright © 2017 Forex Capital Markets. All rights reserved.

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The Top 10 Forex Brokers for Beginners.

If you know the basics of foreign currency exchange or forex trading, also known as FX trading, and want to give it a try, there’s more to learn than you might expect. It’s best to have an idea of what you’re doing before you put live currency to the test. The first step is to choose a reputable forex broker that offers educational tools and resources for beginning traders.

A few US-based forex brokers are listed below, in order of the minimum deposit required to start forex trading. With most brokers you will find 24/5 or 24/7 live chat assistance and all offer free educational resources on their respective websites. Once you’re ready to roll, you can trade on a computer, tablet, or even smartphone.

Practice Account: $25,000.

Minimum Deposit: None.

A forex broker since 2001, optionsXpress offers live or recorded webinars by their educational team, live in-person workshops, The Insider newsletter and blog collective, as well as the XPRESSO and XPOUND newsletters.

Practice Account: Unlimited.

Minimum Deposit: None.

A forex broker since 2001, OANDA offers demo accounts that do not expire, giving you the ability to practice trading until you are ready to go live. Click on “Academy” for webinars (live or archived), trading basics, and scheduled learning events. Videos on demand are also available to get you started.

FOREX ( a part of GAIN Capital Holdings [GCAP])

Practice account: $50,000.

Minimum deposit $250.

A forex broker since 1999, FOREX offers video tutorials specifically for beginners, two hours of webinars, live training, and Q&A sessions to teach you the basics. Fee-based online training courses are also available.

Practice Account: $50,000.

Minimum Deposit: $500.

A forex broker since 2005, TradeKing offers a robust Frequently Asked Forex Questions and glossary, an education tab on their website that explains the basics, technical analysis, and fundamental analysis, as well as premium education available for a fee.

Practice Account: $25,000-$200,000 option for Simulated Account.

Minimum Deposit: $2,000.

A forex broker since 1991, TradeStation allows you to start with TradeStation Basics, so you can learn at your own pace. Branch out to TradeStation Labs, University, and Events, which includes media and quick tips. Events are both free and fee-based.

Practice Account: $50,000.

Minimum Deposit: $2,000.

A forex broker since 1999, Fortex Capital Marketing offers daily platform walk-throughs and strategy sessions, a library of trading and instrument guides, and a calendar of events (that can be added to your personal calendar) that will teach you how to read quotes and place trades. Self-paced on-demand videos are available for a fee.

Min deposit $2,000.

A forex broker since 1999, thinkorswim is the TD Ameritrade forex platform . Investor education includes a rookie-learning curriculum with videos and courses to create your own learning path. The thinkorswim Learning Center consists of tutorials, videos, thinkMoney magazine, thinkManual, and Quiz Central.

Name: E*trade FX (E*trade Financial Corporation [ETFC])

Practice Account: $50,000 for 30 days.

Minimum Deposit: $2,000.

A forex broker since 1982, E*trade's FX tutorials can be found by entering “forex training” in the education resources search box. Web seminars, videos, and articles in “the basics” category were specially designed for beginners.

Practice Account: N/A.

Minimum Deposit: $5,000 ($3,000 for individuals between the ages of 21 – 26)

A forex broker since 2002, Place Trade Financial's education center includes tools, widgets, videos, webinars, demos, apps, and investor education courses.

Practice Account: After trading account has been approved and funded.

Minimum Deposit: $10,000.

A forex broker since 1977, Interactive Brokers' Traders’ University offers of a glossary, webinars (live or recorded), unmonitored discussion forums to network with other traders, apps, widgets, cheat sheets, and user guides.

Bear in mind that foreign exchange trading, also known as forex and FX trading, is high-risk and may not be the best option for individuals brand new to stock market trading and/or day trading.

Forex Demo Account - Forex Brokers Offering Practice Accounts.

Are you interested in trading, yet discouraged by your lack of experience and knowledge about terms like stop-loss orders, pips, leverage and similar confusing trading jargon? Don’t worry. In our modern era of inventions and discoveries, it is indeed possible to get accustomed to trading basics without risking a penny.

Make a loss in every single virtual trade, even blow up your forex practice account, your losses will be imaginary, while the great lessons learnt are real. Many of the best brokers in the market today offer excellent forex demo account packages, and for your convenience we have made a list of them for you here.

Regulated by CySEC & FSB Over 400k Registered Accounts More than 250 Trading Instruments MT4, MT5 and Web Trader Platforms Full ECN Trading Model.

CySEC, FCA MetaTrader4 , MetaTrader5, cTrader, FxPro SuperTrader.

Minimum Deposit $200 Social Trading Platform.

FCA Regulated Multi Asset Trading Platform No Time Frame For Demo Accounts.

Minimum Deposit $100 Leverage 400:1; Dedicated Account Manager;

Authorized and Regulated by FCA, ASIC, FSB, CySEC STP/ECN services ensure no slippage or re-quotes – scalping allowed; ECN Real Raw Spreads, 0.2 EUR/USD 1 Million GBP Insurance by Lloyds of London.

Minimum Deposit $5 Up to 1:500 leverage with micro-lots (0.01 size) available for everyone Scalping, hedging, trading on the news, and EAs are permitted at OctaFX.

CySEC & ASIC regulated Clients can trade currencies, metals, energy and agricultural commodities, Indices and Options 50% FTD Bonus! (non EU Traders only)

CySEC, FSB MetaTrader4 platform Proprietary debit card for quick withdrawal applications!

No Minimum Deposit FCA & ASIC Authorized and Regulated; Founded in 1996 with HQ in Toronto, CA;

CySEC, FSB Markets Proprietary Trading Platform.

CySEC, FCA MetaTrader4 platform $30 + Deposit Bonus up to $5,000 (t&c apply)

FCA, BaFin, CMB & KNF.

No Minimum Deposit Founded in 1996 and headquartered in London; Daily s with market commentary and analysis get you started for each trading day;

FSB MetaTrader4 & Sirix platforms.

Minimum Deposit $100 Leverage Up to 500:1 Accounts may be individual, joint, or corporate, with options for traditional or ECN type pricing;

ASIC Regulated PAMM Accounts Available Phone and Live Chart Support.

CySEC Regulated Covers more than 50 currency pairs.

Regulated by CySEC, BaFin, FCA, ACP and MiFID BONUS : $4 cashback per lot traded till the end of the year.

Regulated by ASIC & FCA. Minimum deposit is $250; Asset choices include forex pairs (35) and CFDs (10 indices, 2 metals, 2 oil, and the VIX and USD Index);

FCA, ASIC & CySEC FXGiants has a proprietary interface to make its account funding process easier, fast and secure.

FCA City Index is well established and a trusted forex broker.

Order slippage on stop losses is generally minimal;

Well Established Over 700 Employees.

Regulated by CySEC Trading Academy includes extensive support for all levels of traders, from basic training videos to discussions on advanced trading strategies;

MFSA regulated Minimum deposit $100 No extra commissions.

Regulated by CySEC; Minimum deposit is $100; 367+ asset choices ;

Regulated by CySEC “No Dealing Desk Execution, no slippage, no delays” “Trading support and account management for traders of varying experience levels”

CySEC regulated; Tight spreads as low as 0.2 pips; Good beginner support;

Forex pairs and CFD trading; Tight spreads as low as 1.2 pips; Over 130 assets: Forex pairs (83), Indices (23); Commodities (18); and Treasuries (7);

FCA regulated CopyMaster social trading platform.

Regulatory compliance is under the auspices of the FCA in the UK, the SFC in Hong Kong, the DFSA in Dubai, and by way of the MiFID for the European Union. Up to $5,000 Welcome Bonus (T&C apply)

ASIC regulated Minimum deposit $100 Withdrawal requests approved within 24 hours.

*Broker offers variable spreads which are subject to fluctuating market conditions. Spreads tend to be tight during times of deep liquidity but can also widen significantly during times of low liquidity.

Read our reviews of more forex brokers that did not make our top list above:

Want to be featured on this broker list? Send an to brokers[]forexfraud.

*Broker offers variable spreads which are subject to fluctuating market conditions. Spreads tend to be tight during times of deep liquidity but can also widen significantly during times of low liquidity.

Finding the best forex demo account - FAQ.

When first starting out trading forex, or when considering switching to a new forex broker, many traders option to open a forex demo or practice account. Most importantly, this allows them to practice trading using the broker's trading platform to see if they find it sufficiently to their liking. Furthermore, opening such an account also often lets traders try out additional services of the broker providing it.

Keep in mind that finding the best forex demo account for your purposes may require opening more than one demo account to test the most promising forex broker prospects. You can identify forex brokers you might want to test out with a demo account by doing some preliminary research online among the available broker reviews and Internet discussion forums for reputable and reliable forex brokers.

To help you in your search, the list above has been compiled to illustrate what features that you might want to look for in a forex demo account.

Trading Platform Access.

If your purposes in open a demo account involve checking out the forex broker's trading platform, be sure to ascertain whether opening a demo account will give you access to the real platform.

Also, when it comes to providing trading platform access, most brokers offer two main options. The first is an online trading platform usually accessed via your Internet browser. The second is a client-side trading platform that will generally need to be downloaded and installed on your Windows-based PC. Both options require an Internet connection to provide up-to-date pricing and trade execution in your forex demo account.

Virtual Money.

Virtual money is what you will be trading with in your demo account. Since virtual money is free, most brokers will provide you with a rather large amount of it that you can then trade freely until it probably eventually disappears.

Also, if you wish to practice trading more using your demo account, you will probably want to have an account with a larger initial amount of virtual money to play with. Amounts around $100,000 seem to be the norm for virtual money provided with demo accounts.

Practice Trading.

Having an opportunity to practice trading using a real forex trading platform and real-time pricing is what demo accounts are all about, especially for newer forex traders. Basically, it really pays to make any mistakes first using a demo account so that you can learn from them relatively painlessly, rather than when you have begun to live trade using a funded portfolio.

Live Trading.

Live trading or "going live" is what most aspiring forex traders want to move on to after being successful trading a demo account. This means that you place real funds at risk on each trade, and your portfolio has to take whatever the market offers you in terms of profit or loss. Most traders just starting out in forex will want to see that their trading strategy works well on a demo account before taking the plunge to start live trading.

Dummy Trades.

When trading in a demo account, you will generally be taking so-called "dummy trades". Such transactions have no reality in terms of the impact of their profits or losses on your actual trading portfolio, so you can afford to make mistakes with them which you can then learn from.

Margin Trading.

Most forex demo accounts allow practice traders to get a sense for what it feels like to trade on margin. This aspect of trading in a demo account can be very educational, since you will probably be margin trading when you start live trading, if you are like most personal forex traders funding their own portfolio. Remember that using leverage increases the risk!

In addition, you will want to manage your margin carefully when trading to avoid having less than necessary to support your open positions. Also, remember to be responsive to any margin calls unless you want your positions to be closed out, which many forex brokers now do automatically when your account's margin becomes insufficient to cover your portfolio's losses according to their stated margin requirements.

Customer Support.

Demo traders that require some customer support services to get started either installing the software or trading will want to look for forex brokers that have a good reputation in this regard. The standard for customer support varies widely among brokers, so find one that will best fulfill your needs.

Also be aware that traders newer to either forex trading or using computer trading interfaces might need more support. As a result, they should give customer support a higher priority when deciding which broker to open a forex demo account with for practice trading purposes.

Trading Interface.

The trading interface for forex demo accounts should be similar or identical to the actual trading platform you will be using when you go live trading. This will allow you to get intimately familiar with the process you will need to go through to enter orders, manage positions and execute trades.

Many traders prefer a trading interface that can be customized somewhat in terms of its screen colors and window placement. Some traders also like the interface to include a "one-click-trading" feature to make deal execution quicker.

Real Time Rates.

The best forex demo account software will display close to real-time exchange rates that change along with the market as it ticks up and down over time. This will give you a good sense of whether or not the trading strategy you intend to employ in live trading, would actually have worked over the time period you are using for demo trading.

Naturally, the best type of real time exchange rate is one you can actually deal on using the demo account software. This way, when you go to enter a trade or an order in your demo account using your forex trading platform software, you do not get surprised about where the market really is trading.

Trading Tutorials.

Many forex demo account providers also offer useful trading tutorials, either in text or video format, for you to learn from and which compliment the educational service provided by their demo accounts.

These tutorials will usually be provided free of charge. In addition, they can not only help you learn to use the trading platform, but they also often provide helpful information that can help you learn how to improve your trading techniques and develop a profitable trading system.

News Feed Access.

Forex trading platforms often provide access to high-quality news feeds from professional forex market information sources that might include Reuters, Associated Press, Bloomberg or Telerate. You can often use a forex demo account to obtain access to such valuable news wires.

You can also check to see that the news your trading platform provides will be suitable for your needs. This is especially important if you have a strong interest in trading based on fundamental factors.

Information Resources.

When you open up a forex demo account, you may also quality to obtain full access to the broker's information resources. These can include informative material like courses, e-books and other tutorials, as well as timely market commentary and economic calendars that can assist you when making trading decisions.

Entering Orders.

One of the most useful aspects of opening up a forex demo account is the ability to preview how you will need to go about entering orders in practice. Entering orders correctly and in a timely fashion is one of the keys to successful forex trading.

Furthermore, you will want to take the opportunity provided by demo trading to familiarize yourself with the different types of orders that the broker offers, and how to enter each of them into the market at appropriate times and in various situations.

Dealing Spread Impact.

Many people who just back-test their trading strategies over historical exchange rate data, rather than demo trading them, fail to take into account the impact of the dealing spread on the success of their strategy. Then, when they move it to live trading, the difference becomes much more apparent.

Demo trading using real market bid/offer pricing allows you to more clearly assess this dealing spread impact in advance for any trading strategy you might decide to use while you are still within your demo period.

This is of course not the only limitation to backtesting; orders might not get filled in a live situation etc. Always keep in mind that past performance doesn't guaratee the future and that hypothetical results are not achievable in a real account.