Free demo account for forex and CFD trading

Free demo account for forex and CFD trading

Entering a real market can be very difficult and risky, that’s why smart FX and CFD traders use a demo account. This account provides even for newbies to get a shot at trading currencies, stocks, indices and commodities without risking their hard made money. Let’s have a quick look at what everything demo account is good for:

  • Touching the market with our own hands and getting the feeling of trading
  • Testing broker’s platform
  • Testing and verifying trading plans and strategies
  • Identifying our strengths and weaknesses (so you know on what you need to work)

Plus500 demo account (highly recommended – most reliable and trusted broker)

Plus500 is one of the brokers, that does offer a free unlimited demo account. This account can be set up in a matter of seconds, you just have to fill in your name and your email address. No deposit is required. The broker has no commission policy and the spreads are actually fairly tight. Plus500 has a very intuitive trading platform, customer support is offered here in 32 languages.

  • Website: https://www.plus500.com
  • Minimum deposit: 100 $
  • Minimum deposit in order to create demo account: 0 $
  • Time period for which the demo can be used: Unlimited
  • The number of imaginary chips: 20 000 $ (currency of your choosing)
  • Regulated: Yes, in Europe by CySEC and FCA, in Australia by ASIC

Open free demo at Plus500

 

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When trading with real capital, your funds are at risk.

How should be demo accounted properly used

The purpose of a demo account, simply put is to learn how to trade. However, that is easier said than done. In order for you to get the most experience from trading on a demo account, you need to act as if you were trading with a real money. Only then you are able to really know whether you will have a solid chance on a real market or not. The setting of your demo account should duplicate conditions which you will have with your real account. Why would you trade 100 000 imaginary chips, when you don’t plan to trade with this capital on a real account? Why would you invest 25% of your funds in a single trade, just because you feel like it? I strictly recommend doing the same things as if you really had on the line your own money. Otherwise, you might end up in learning bad habits which can not be that easily unlearned later.

Build a winning and working trading system

I love the famous quote “Fail to plan and you plan to fail“. It describes exactly what a lot of people come across in trading. Random trades without a proper plan don’t have any meaning and are most likely doomed to failure. If you are one of the people who do not have a plan, then this is your time, because that’s exactly what a demo account is for. To prepare a strict trading plan, which will include everything (entry levels, exit levels, MM and so on). Following your plan means success because the plan indicates the ability to repeat the results. An outcome which you can not repeat doesn’t have much of a space in trading, especially on a long term scale.

Markets.com Demo account and 25$ FREE award

Represented by F.C. Arsenal F.C. Markets is one of the industry’s most recognised CFD broker. Fully licensed company, offering web based platform along with MT4 has very low spreads that are as low as 2 pips on almost all major currency pairs. Every new trader can claim 25$ FREE award for account verification (T&Cs apply).

  • Website: https://www.Markets.com
  • Minimum deposit: 100 $
  • Minimum deposit in order to create demo account: 0 $
  • Time period for which the demo can be used: Unlimited
  • The number of imaginary chips: 10 000$
  • Regulated: Yes, by CySEC and FSB

Visit Markets.com webite

 

pozadicko2

 

 

When trading with real capital, your funds are at risk.

24Option demo account

24Option is mostly known as a broker that offers binary options trading. But did you know that they also offer CFD and FX on their platform? Yes, that’s right and the spreads are actually very decent here. Only the selection of assets is inadequate in comparison to Plus500.

  • Website: https://www.24option.com
  • Minimum deposit: 250 $
  • Minimum deposit in order to create demo account: 250 $
  • Time period for which the demo can be used: Flexible, depends on the agreement with your account manager
  • The number of imaginary chips: Flexible (currency of your choosing)
  • Regulated: Yes, by CySEC

Visit 24option webite

 

pozadicko2

 

 

When trading with real capital, your funds are at risk.

 

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