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  September 14, 2022 12:50 AM EDT

  BEST FOREX DEMO ACCOUNTS IN 2022

  What is a Forex Demo Account?
  A forex demo account is a free and risk-free account offered by forex brokers, with a virtual balance, that emulates market and trading conditions. It is considered one of the safest ways to learn forex trading or test new trading strategies or scripts as experienced traders. The main reason is that there is no risk involved, which does not help to master the psychological aspects of forex trading and investing in general.To get more news about avatrade demo account, you can visit wikifx.com official website.

  Forex Demo accounts usually are distinguished between the type of trading you can do like normal trading or micro trading, and if they have a time limit or you can use them forever.
  OctaFX
  Practice trading for free with $5000 USD or more in a demo account with currencies, CFDs, stocks, metals, crypto, and other assets. To access the OctaFX demo account, traders will have to go through the full registration process of opening a live account
  
  Pepperstone
  Pepperstone makes it to our list of best demo forex accounts because of its dedication to forex training and education. This complements their already comprehensive demo trading account. And also makes the broker appealing to both novices and established traders.

  XM
  XM allows its clients to open up to 5 demo accounts, with a starting virtual balance of $100000, where they can trade multiple assets, both on MT4 and MT5 trading platforms instantly. Beginner forex traders looking for a broker with the easiest-to-use trading platform will find XM a good choice to open a demo account with. Versions for phone, tablet, and desktop devices are all available.

  FP Markets
  FP Markets combines state-of-the-art technology with low-cost ECN pricing and a huge product offering to create a genuine destination for all types of traders. It allows its, traders, to practice and test strategies on its demo account, funded with $100,000 in virtual funds.

  Choose from our wide range of online platforms including MetaTrader 4, WebTrader, and IRESS, or monitor your portfolio on the go from any mobile device.

  Axiory
  Axiory operates what we consider the most beginner-friendly forex demo accounts. They will furnish you with the most comprehensive educational and training resources. An exceptionally supportive customer support team further complements this. And they can be reached via live chat tool on the EasyMarkets website, phone, and social media – including WhatsApp. The broker’s demo account also tries to mirror the activities of the real market environment as perfectly as possible.
  Etoro
  eToro specializes in copy trading that allows you to follow and copy the trades of expert traders who have an established track record and proven profitability.

  eToro also lets you trade more than 2,000 different assets in a demo account, and virtually any trader should find its intuitive forex platforms and apps easy to use, although it does not support the popular MetaTrader platforms. eToro also has excellent educational resources and it accepts U.S. residents of most states as clients.

  Avatrade
  Opening a Demo account with AvaTrade is easy as you can opt to fill in your account details or simply link it with your Google or Facebook Profile. After registration, the online forex, and CFDs brokerage present you with the option to use your free demo account on either the conventional MT4 and MT5 trading platforms or their proprietary AvaOptions web trading platform.

  The AvaTrade Standard demo account is funded with $100,000 virtual cash. Additionally, it is only valid for 3 weeks and so any unused virtual funds in your demo account will expire after 21 days. Unlike most other forex brokerages, however, AvaTrade will always extend this time period if you contact their customer support asking for an extension.

  Alternatively, you can simply create another demo account since the broker maintains no limit to the number of demo accounts associated with one email.

  IG
  IG has two types of Demo accounts, the Core demo account hosted on their proprietary web-trading platform and the MT4 demo account hosted on the all-popular MetaTrader platform.

  The two have several features in common including access to $20,000 in virtual funds. They also host a wide range of premium trading and analysis tools, and grant you access to the online broker’s customer support team, and real-time market data. They, however, have varied execution speeds, spreads, and access to trading/market analysis tools.

  The MT4 demo account is popular for its fast order execution speeds and minimal slippages while the web trader demo account posts tighter spreads. Plus when using the web trader platform, you get access to premium risk management tools like stop orders, currency alerts, Autochartist tools, and the ability to integrate the Reuters forex news updates.