Best Demo Stock Trading Account

A demo account for trading stocks works like a trading simulator on which you can practice stock trading without risking your own money. Despite the fact, that you can open a demo account for stock trading basically with any broker that features stocks on its platform, it is advised to pick a company with which you might trade in the future. Reason being, once you get used to a platform on a demo, it is easier to switch to a real account within the same trading platform. There are a couple of important broker’s characteristics on which a trader who is looking for the best demo stock trading account should focus on. Let’s review them:

Regulation - better safe than sorry

If you do not want to fall to a scam broker, regulation should be the no. 1 priority. A regulatory body oversees all actives that a regulated broker does and should there be any issue, you can always report the broker to the given regulator which will analyse and chase the broker to find out if they haven’t done any wrongdoing against you. The most reputable regulatory authorities are the UK’s Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC).

Available stocks

Secondly, verify that a broker features stocks that you want to trade. Each trader has different needs and while one might be okay with a few dozens of shares, another trader would be disappointed with such limited offer. For that reason, before you register with any company, even with just a demo, make sure that you are going to find your stocks on the broker’s platform.

Fees - as low as possible
The more you have to pay on fees, the more your stocks have to rise or decline (depending on if you also short stocks). There are huge differences in what fees brokers charge so don’t take this aspect lightly. Fees can often make or break your success.

In this guide, we have selected some of the best brokers that feature a demo stock trading account, here is their breakdown:

Regulation – Brokers that support Demo Stock Trading

ETFinance (Read a review) –

ITRADER (Read a review) –

IQ Option (Read a review) –

Plus500 (Read a review) –

Stocks which you can trade on a demo or real account

Best Demo Stock Trading AccountGo to broker 81% of retail clients lose money

ETFinance

108 US stocks (Including - Visa, Twitter, Tesla, Spotify, Starbucks, Pfizer, NVIDIA, Johnson and Johnson, Google, eBay, Adobe, Beyond Meat, Apple)
70 European stocks (Including - Tesco, Volvo, Xiaomi, Marks and Spencer, Heineken, Adidas, BMW, Barclays, Orange)
6 Australian stocks (Aristocrat Leisure, Crown Resorts LTD, Caltex Australia, Challenger LTD, Bluescope Steel LTD, AGL Energy LTD)
= In total 184 stocks (CFDs)
Best Demo Stock Trading AccountGo to broker 82.88% of retail clients lose money

ITRADER

108 US stocks (Including - Visa, Twitter, Tesla, Spotify, Starbucks, Pfizer, NVIDIA, Johnson and Johnson, Google, eBay, Adobe, Beyond Meat, Apple)
70 European stocks (Including - Tesco, Volvo, Xiaomi, Marks and Spencer, Heineken, Adidas, BMW, Barclays, Orange)
6 Australian stocks (Aristocrat Leisure, Crown Resorts LTD, Caltex Australia, Challenger LTD, Bluescope Steel LTD, AGL Energy LTD)
= In total 184 stocks (CFDs)
Best Demo Stock Trading AccountGo to broker 83% of retail clients lose money

IQ Option

IQ Option features US, European and Canadian stocks. They divide stocks according to the following sectors: Information technology, consumer discretionary, health care, industrials, consumer staples, financials, energy, telecommunication services, utilities, materials and real estate.
US stocks (Including: Tesla, Apple, Beyond meat, Netflix, PayPal, IBM, easyJet)
Canadian stocks (Including: Canopy Growth Corp.)
European stocks (Including: Tesco, L'Oréal, Heineken, Barclays, Vodafone)
= In total 170 stocks (CFDs)
Best Demo Stock Trading AccountGo to broker 76.4% of retail clients lose money

Plus500

Plus500 supports trading stocks from the USA, Canada, Europe, Asia as well as Australia.
European stocks (Including: Peugeot Citroën, Orange, Volkswagen, RWE, Bayer)
American stocks (Including: Tesla, Netflix, Boeing, Virgin Galactic, Shopify, Amazon, IBM, Alibaba)
Australian stocks (Including: Goodman Group, Canopy Growth, BlueScope Steel, AGL Energy)
Canadian stocks (Including: Canopy Growth, Tilray, Aurora Cannabis, Aphria)
Asian stocks (Including: Bank of China, China Railway, PetroChina, Xiaomi, Tencent)
= In total 1 400 stocks (CFDs)

Fees that these companies charge

The biggest fee you are going to encounter when trading stocks is the spread fee, which is basically the difference between ask and bid price (example). ETFinance and ITRADER charge the same spreads. On the US and Australians stocks they can be as low as 0.21 and on European stocks spreads can be as low as 0.21 or 0.021, depending on traded stocks.

IQ Option spreads range from 0.01% to 1.81%, depending on a traded stock. Both Plus500 and IQ Option spreads are based on the current market conditions which means they change in real time. To give you some idea what spreads they charge, here is a breakdown of spreads that IQ Option and Plus500 charge today on popular shares.

IQ Option spreads Plus500 spreads
Goldman Sachs 0.14=0.06% Goldman Sachs 0.57=0.24%
Netflix 0.53=0.15% Netflix 0.4= 0.11%
Amazon 2.97=0.16% Amazon 2.01=0.11%
Visa 0.36=0.18% Visa 0.18=0.09%
Ferrari 0.12 =0.14% Ferrari 0.42=0.24%
Coca Cola 0.1 =0.18% Coca Cola 0.09=0.16%

Data about spreads were taken from websites of the given brokers on the 26th of January 2020.



Michael

Currency Strategist & CEO(Read more about me)
Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in intraday trading of G20 currencies and to anticipate potential market moves I utilize a fusion of both fundamental and technical analysis. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications.
Michael

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