Woman Learning To Trade Forex On Her Phone With A Forex Demo Account | FXTM

Free Forex Demo Trading Account

Skill up and practice zero-risk trading on our free demo account.

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New to Forex trading?

Open a forex demo account and utilise a variety of trading tools, such as MT4 and MT5. Learn to interpret charts, candlestick patterns, and master technical indicators in real market conditions. Build confidence before moving to live trading.

A free forex demo account lets you practice trading in real-time with virtual funds, perfect for beginners who want to learn without financial risk. Experience live market conditions with a demo trading account that builds confidence.

Benefits of Using Our Forex Demo Account

Typically zero spreads on major FX Pairs

True to real trading

Practice under real market conditions

Leverage

Build and test your strategies

Advanced charting and order types

Ultimate transparency

Get to know your trading platform

Practice with MetaTrader on any device

Secure & Safe

Help when you need it most

Friendly customer support 24/5

How to open a demo account

How to open a Demo Account

Why use a forex demo account?

Practice trading risk-free. The whole point of demo trading is to get familiar with the markets at your own pace.

Practice trading forex under real market conditions with our forex demo account. Learn how prices change, protect your trades using tools like Stop Loss, and build confidence for live trading.

It's also a good opportunity to get to know your trading platform. MetaTrader offers a range of indicators and timeframes designed to allow you to monitor the markets, and these can take a bit of getting used to.

By the time you're ready to move to live trading, you'll have grown the confidence to start using real money.

Remember - if you get stuck at any point or have any questions, our dedicated Customer Support team are always happy to help.

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TRADING BASICS

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No one makes it easier, open an account or try our demo account to get started while you build your skills.

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FREQUENTLY ASKED QUESTIONS

A demo account is a way to practise trading without risking any of your own money, as you'll be using virtual funds. It offers exactly the same tools and features as a live trading account, and you'll be trading under real-market conditions.

Register with us by providing just a few details above. Next, click 'Send PIN' to get your unique access code by SMS and email. Once you've got that, select 'Register Now'. We'll be in touch via email very shortly with your MyFXTM login details. You can then open your very own demo trading account from there.

Exactly the same as you can do on a live account. You can open and close positions, adjust your order types and choose from hundreds of different financial instruments. Your trading platform works exactly the same way too - the only difference is that the funds you're trading with are not real.

The features, conditions and tools are absolutely identical across all of our account types. The only difference is that you're trading with virtual money, so there's no risk involved for you.

When you open your demo trading account, you can choose how much you put in it. The maximum is $1 million - keep in mind, of course, that this isn't real money. It's all virtual.

The smallest possible amount you can start trading with is $1. Considering that this money isn't real though, you can benefit by trading bigger amounts and getting more practice in with multiple trades and markets.

Yes, you can. CFD trading on metals, commodities and indices is available on our demo accounts.

Yes, you can. The forex market is the most liquid in the world with a daily turnover of more than $5 trillion USD and is a popular choice for new traders. Learn about forex trading basics and the forex market with FXTM.

Unfortunately, this is one instrument you can't practise with on our demo accounts. Once you've moved to live trading though, there are thousands of different stocks for you to access - and you'll still benefit from experimenting with other instruments before.

Afraid not, because you're trading using virtual money so your profits are virtual too. However, once you've tried and tested different strategies in demo mode, you'll be better placed to achieve potentially successful trades.
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