Many forex trading sites offer demo trading to get you started.
There is nothing wrong with this. The intention is to give you a chance to get to know how the site works. Every trading site has some symbols and indicators that are special to the site itself, and each site has a few idiosyncrasies, so working on the demo site for a bit helps you to get the basics down.
Broker | Our Rating | Description | Minimum Deposit | Regulation | Visit |
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$100 |
Central Bank of |
Visit Broker
AVATrade Review T1 ROTW |
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$5 |
IFSC |
Visit Broker
FBS Markets. Review ROTW |
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$5 |
CySEC, FSP, ASIC |
Visit Broker
XM Group Review ROTW |
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10 |
IQ Option is a |
Visit Broker
IQOption Review |
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$5 |
FSC & CySEC |
Visit Broker
HF Markets Ltd. (HotForex) Review ROTW |
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€100 |
FCA, CySec : |
Visit Broker
Plus500 Review T1 ROTW |
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$100 |
ASIC, CySEC |
Visit Broker
Easy Markets Review T1 ROTW |
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$100 |
CySec, MiFID, FSA |
Visit Broker
Markets.com Review T1 ROTW |
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$100 |
FSC Mauritius |
Visit Broker
FXPrimus Review ROTW |
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$1 |
RAFMM, The Federal |
Visit Broker
InstaForex Review ROTW |
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10 |
Visit Broker
OLYMP TRADE Review |
You should, however, be careful to not assume that trading on the demo site is in any way practice for trading with your own money. Why not? It is simply too easy to make dangerous decisions with symbolic money on a demo site that you would not (or, at least, should not) dare to make when trading with your own funds.
On a demo site, you just let a trade hang in there until it goes bad. You wouldn’t take such a risk if you knew it might cost you a great deal of cash.
Doing symbolic trading induces bad habits, and takes the emotional edge off trading. Don’t make the mistake of using it instead of the real thing. Real forex trading is very tough, and it’s just not the same when there is no risk.
Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss. The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.
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