9 Best Forex Demo Accounts 2025

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 ten 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.

Best Forex Paper Trading Platforms Reviewed

Demo accounts 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

Regulated by leading bodies in the US, UK and Europe eToro offers a free $100,000 demo account that gives you unimpeded access to this broker’s platform. With the demo account, you can practice trading upto 55 forex CFD pairs along with stocks, commodities, cryptocurrencies, options, 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.

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. Please note that in the United States, eToro provides trading access solely for Bitcoin, Ethereum, and Bitcoin Cash.

Demo Account Funds	Demo Account Time Limit	No. Forex Pairs	Max. Leverage	Trading Platforms
$100,000	None	55	1:400	Proprietary web and mobile trading platforms

76% of retail CFD accounts lose money – your capital is at risk.

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2. Plus500 – Regulated CFD Broker With $50,000 in Demo Funds 

Plus500 is a regulated CFD broker that supports dozens of currency pairs. You’ll also find other asset classes, such as stocks, indices, ETFs, commodities, and cryptocurrencies. All of the markets on Plus500 are commission-free. That said, Plus500 doesn’t publish its minimum spreads, so you’ll need to check this before placing orders.

Nonetheless, we found that spreads are typically competitive on major and minor pairs. What’s more, Plus500 doesn’t charge any account, deposit, or withdrawal fees. You can also open a demo account fee-free, which comes with $50,000 in paper funds. You’ll be trading on Plus500’s native platform, available via web browsers and a mobile app. The latter covers Android and iOS.

The Plus500 demo account provides real market quotes, so you’re trading in live market conditions. There are many trading and analysis tools available on Plus500. This includes customized charts with time frames ranging from one minute to one week. You can also deploy market, limit, stop-loss, trailing stop-loss, and take-profit orders.

We also like that you can set your risk-management orders based on the number of pips. In addition, Plus500 allows you to create watchlists and set up alerts. The latter will inform you when your chosen currency pair hits a pre-defined price. We also like Plus500 for its market insights. This includes financial news and sentiment bars on whether the broader markets are long or short on each currency pair.

You’ll also find education guides, which go hand-in-hand with the Plus500 demo account. When you’re ready to upgrade to a real money account, Plus500 requires a minimum deposit of $100. No deposit or withdrawal fees are charged. Plus500 accepts debit/credit cards, bank wires, and PayPal, Skrill, and Trustly.

Demo Account Funds	Demo Account Time Limit	No. Forex Pairs	Max. Leverage	Trading Platforms
$50,000	No time limit	60+	1:30	Proprietary web and mobile trading platforms

80% 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.

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3. XTB – Free Forex Demo Accounts With Leverage of up to 1:500  

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 1:500. 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. This tracks the live forex markets, so you’ll be trading real currency exchange rates.

Do note that 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. There’s no minimum deposit requirement to meet and you can add funds via a debit/credit card or e-wallet. Your capital is safe, as XTB is regulated by the FCA and CySEC.

In addition, XTB is authorized and regulated by KNF in Poland, and its parent company is listed on the Warsaw Stock Exchange. We also like that XTB supports thousands of stocks and ETFs, which can buy and sell at 0% commission. It also supports indices and commodities.  If you need any assistance on your XTB demo account, its customer service team is available 24/5. You can speak to an agent near-instantly via live chat.

Demo Account Funds	Demo Account Time Limit	No. Forex Pairs	Max. Leverage	Trading Platforms
$100,000	Four weeks	48	1:500	Proprietary web and mobile trading platforms, plus MT4

78% of retail investor accounts lose money when trading CFDs with this provider.

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4. AvaTrade – Trade 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. AvaOptions comes as desktop software and supports plenty of options trading strategies.

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 1:400. Real money accounts require a minimum deposit of $100. No deposit or withdrawal fees are charged.

Demo Account Funds	Demo Account Time Limit	No. Forex Pairs	Max. Leverage	Trading Platforms
$100,000	21 days, but you can extend your demo account at any time	53	1:400	Proprietary web and mobile trading platforms, plus MT4 and MT5

Trading CFDs and FX Options entails risk and could result in the loss of your capital.

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5. Skilling – Trade 73 Forex Pairs at 0% Commission and No Time Limits on the Demo Account         

Skilling is an online forex broker that’s used by beginners and experienced traders alike. It supports multiple trading platforms, including MT4 and cTrader. Newbies might prefer Skilling’s native platform, which was designed with novice traders in mind. It’s clean and simple to use, although it still comes packed with features. This includes drawing tools and technical indicators.

When you open a demo account with Skilling, you can choose any supported trading platform. You’ll be given $10,000 in paper trading funds and there are no time limits on the demo account. Skilling supports over 1,200 financial instruments, so you won’t be short of trading opportunities. This includes 73 forex pairs across the majors, minors, and exotics.

You can also trade commodities, cryptocurrencies, indices, ETFs, and stocks. Trading fees depend on the type of Skilling account you open. Beginners usually opt for the standard account, which offers commission-free trading and forex spreads from 0.7 pips. The minimum deposit was recently reduced to €100 making it ideal for those on a budget. The premium account offers spreads from 0.1 pips and you’ll pay a $30 commission for every $1 million traded. The premium account requires a minimum deposit of €5,000.

Demo Account Funds	Demo Account Time Limit	No. Forex Pairs	Max. Leverage	Trading Platforms
$10,000	No time limit	73	1:1000	Proprietary web and mobile trading platforms, plus MT4 and cTrader

76% of the retail investors lose money when trading with this CFD provider. Trading financial products on margin carries a high degree of risk and is not suitable for all investors.

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6. IG – $10,000 in Free Demo Funds and 0% Commission on all Forex Markets       

IG is a UK-based forex broker that serves clients globally. This includes a US division that’s registered with the National Futures Association and the Commodity Futures Trading Commission. As a US client, you’ll be able to open a free demo account for forex trading. This comes with $10,000 in virtual funds. IG doesn’t state whether its demo account comes with an expiry date.

But reports from existing clients suggest it stops working after a couple of months. Nevertheless, we like that you can use the demo account on MT4 or IG’s proprietary trading platform. The latter comes with 28 technical indicators and 19 drawing tools. It also supports custom charts with up to four time frames at any time. IG’s native platform also comes as an iOS and Android app.

All supported platforms offer access to over 80 forex pairs. IG doesn’t charge forex trading commissions and spreads start from 0.8 pips on majors. Leverage is available but limits depend on the country of residence. For example, US clients are limited to 1:50. UK clients are capped to leverage of 1:30, as per FCA guidelines.

Demo Account Funds	Demo Account Time Limit	No. Forex Pairs	Max. Leverage	Trading Platforms
$10,000	Not stated	80+	Depends on the country of residence. Limits are offered in line with the regulatory body you fall under	Proprietary web and mobile trading platforms, plus MT4

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7. Forex.com – US-Friendly Forex Broker With Three 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 Funds	Demo Account Time Limit	No. Forex Pairs	Max. Leverage	Trading Platforms
$50,000	90 days (Forex.com’s native platform) or 30 days (MT4)	80+	Depends on the country of residence. Limits are offered in line with the regulatory body you fall under	Proprietary web and mobile trading platforms, plus MT4, MT5, and TradingView

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8. FXTM – Unlimited Forex Demo Account Funds for MT4/5  

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 Account Funds	Demo Account Time Limit	No. Forex Pairs	Max. Leverage	Trading Platforms
Unlimited – You get to choose your demo balance	Not stated	60+	1:2000	MT4 and MT5

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9. Oanda – 25+ Years in the Online Brokerage Space  and Regulated in Multiple Countries 

Oanda is an established online broker, with the platform active in the space for over 25 years. It’s regulated in multiple countries, including the UK, Singapore, Canada, the US, and Australia. Moreover, Oanda offers competitive trading fees. For example, beginners can open a spread-only account, meaning no trading commissions.

This offers spreads of 0.6 pips on EUR/USD and USD/JPY. If you’re looking to trade larger amounts, the core pricing account offers spreads from just 0.1 pips. This comes with a $40 commission for every $1 million traded. Either way, you can start off with a free demo account. Existing clients claim that Oanda’s demo account comes with $100,000 in paper funds and there are no time limits.

You won’t need to enter any payment details, but you’ll need to provide some basic personal information. In terms of markets, Oanda supports over 70 forex pairs. It also supports indices, commodities, and bonds. Oanda has its own native trading suite, available via web browsers and a mobile app. It also supports MT4.

Demo Account Funds	Demo Account Time Limit	No. Forex Pairs	Max. Leverage	Trading Platforms
$100,000	No time limit	70+	Depends on the country of residence. Limits are offered in line with the regulatory body you fall under	Proprietary web and mobile trading platforms, plus MT4

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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. Some of the best technical indicators to start with include the relative strength index (RSI), moving average convergence/divergence (MACD), and Fibonacci retracement levels.

While it can take time to perfect the art of technical analysis, it will eventually pay off.

Testing Forex Signals and Robots 

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 Forex 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.

Trialing 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. If you find that it’s taking too long, the broker might not have enough liquidity on its platform.

Demo accounts also allow you to analyze market spreads for the hours you wish to trade. This is important, as forex brokers typically advertise their ‘minimum’ spreads, which might not always be available. Ultimately, you’re not risking anything by using a demo account – so it’s a great way to try a new broker.

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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.

Size of Demo Forex Trader Account

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.

Demo Account Time Frame 

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.

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. You should also expect to see real order books and liquidity levels, not to mention actual market spreads.

Crucially, demo accounts allow you to evaluate whether your skill set and strategy can actually make money. The only way to do this is if the demo account mirrors the same conditions as a real money account. Fortunately, the best forex demo accounts discussed today – such as XTB, and Plus500, all meet this minimum criteria.

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.

Trading Tools and Analysis   

Demo accounts are ideal for getting to grips with trading tools. So it’s worth seeing what’s supported before choosing a provider.

If you prefer to take a more hands-on approach to forex trading, you’ll want to look for a demo account that supports technical indicators and drawing tools. Just make sure they’re right for your experience level.

Available Currency Pairs 

You should think about what forex pairs you want to trade before choosing a demo account provider. The availability of pairs will vary from one broker to the next.

In most cases, you’ll have access to all major and minor pairs. Exotic pairs are a lot more volatile, so you’ll need to check what the broker supports. Some of the most popular exotic pairs include USD/TRY, EUR/MXN, USD/SEK, and USD/HUF.

XTB, and Plus500 offer a good range of exotics. While more risky, their increased volatility offers the chance to target larger profit margins.

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Trading Fees and Spreads 

When you trade forex on a demo account – you’re evaluating whether you can make consistent gains in live market conditions. And to assess this effectively, you must incorporate trading fees into your analysis. After all, fees have a direct impact on your return-on-investment.

• The two most important trading fees to assess are commissions and spreads.
• The commission is charged when you enter and exit a trade. It’s usually a flat fee based on how much you trade.
• For example, Oanda charges $40 for every $1 million traded on its core pricing plan.
• While Skilling charges a $30 commission for every $1 million traded.
• By paying a commission, you’ll get much lower spreads. For instance, Oanda and Skilling offer spreads from 0.1 pips.

However, if you’re a beginner who’s looking to trade small amounts, a commission-free account will be more suitable.

Ultimately, you’ll want to choose a provider that offers the lowest commissions and spreads – allowing you to trade cost-effectively.

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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.

76% of retail CFD accounts lose money – your capital is at risk.

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