Demo Accounts

For anyone interested in investing real money Forex trading networks, the best way to get started is to try with a free demo Forex trading account first. This will allow you to get familiar with the concepts and interface, while helping you to understand how to manage your money and set your risk levels when you start investing with real money. Certainly when you’re new to Forex trading, it’s very difficult to imagine (or even to explain for us) how much an investment of say $1000 can move up or down on a daily basis (depending on your account settings and who you follow). It’s therefore a great experience to try this in a risk free environment first and monitor the results yourself.

To get the most out of a Forex trading demo, it’s obviously best you try the same investment amount and risk level you would when using real money. Otherwise your expectations are unlikely to be met once you invest real money.

Currently the following Forex trading networks are offering free demo accounts:

ZuluTrade Demo Account

zulutrade-logo-100Click here to try the free ZuluTrade demo account. The account is fully functioning and you can open it 5 base currencies (USD, EUR, GBP, JPY and RUB) and with a starting balance and leverage of your choice. It’s obviously best to open it in the base currency of your choice and with the amount you’re considering investing with real money. With regards to the leverage settings, unless you’re an expert trader, just leave this at 50:1. Once the account is opened have a look at our ZuluTrade signal provider selection tips and ZuluTrade money management tips. These will hopefully help you get started with selecting the traders to follow and the risk level account settings.

Open ZuluTrade Trading Practise Account

HotForex Demo Account

Click here to try the free HotForex demo account . HotForex is a Forex broker that carries a Category 1 Global Business license obtained from the Financial Services Commission or the Republic of Mauritius.

They have a very extensive offering of account types, running the gamut from micro accounts for new traders who want the Forex trading experience beyond simulated trading, but without excessive levels of risk, to accounts that are geared towards experienced individual traders and companies that conduct trades in the realm of millions of currency units.

They offer MetaTrader 4, along with several proprietary trading platforms, including web based and mobile platforms for iOS, Android and Blackberry devices.

Hot Forex has enough funding and withdrawal options to enable them to be considered competitive in this area and they offer a deposit bonus of up to 100 percent, subject to some conditions relating to trading volume requirements. They have several other bonus levels that change from time to time.

Spreads are respectable, going as low as 1.8 pips on the EUR/USD. And one account carry fixed spreads, while the others feature variable spreads. Most of Hot Forex’s accounts offer leverage of up to 1:300 or 1:400, but the micro account goes as high as 1:1000.

Open HotForex Trading Demo Account

eToro Demo Account

etoro-logo-100Click here to try the free eToro demo account. The eToro demo account allows you to invest $10,000 of virtual money. Your limitations are the same as with a real money account, i.e. you cannot invest more than 20% of your funds in one Guru and you can only copy a maximum of 10 Gurus. Once you have opened the eToro demo account, have a look at our eToro Traders selection tips and eToro risk & money management tips.

Please note that an eToro account manager may try to give you a sales call on the telephone number you leave when opening the demo account. There’s however completely no obligation for you to invest real money straight away and you can try and get comfortable with the demo for as long as you want. In case your eToro demo account starts running out of funds, eToro will periodically replenish it (hopefully we don’t need to clarify here that this will not happen with your live account).

Open an eToro trading practise account

Signal Trader Demo Account

signal-trader-100Click here to try Signal Trader. You can sign up for a free demo account which helps you get familiar with Signal Trader’s automated trading platform. You also receive access to their experts traders’ live trading accounts (which you can copy), as well as e-mail notifications on closed positions. Their trial account is valid for 30 days.

Open Signal Trader Practise Account

Ayondo Demo Account

ayondo-logo-100Click here to try Ayondo’s free demo account. With their practice account you can create a portfolio of up to 5 of their “Top Traders” and evaluate the performance over 15 days. After 15 days you need to re-create the portfolio or create another one (unless you open a live account). You start with a capital of 1000 GBP or 1000 Euros of virtual money.

The demo account is fully functioning, giving you access to all the tools to evaluate Ayondo’s traders, simulate your portfolio, adjust your lot sizes and monitor your performance.

Open Ayondo Practise Account

Tradeo Demo Account

tradeo-logo-100Click here to try Tradeo’s demo. Tradeo also let’s you try their trading platform with a fully functioning demo account. You start with 50,000 of virtual money in your local currency. You can then trade yourself using their platform or, and this is what most people on here will be interested in, try their “account copy” functionality where you automatically copy the trades from other traders on their platform. When you register you can also try all their social interaction features, such as view and interact with their “Social Feed”.

Please note that the demo account will only be valid for 1 month. However you can open multiple demo accounts at any time and once one is expired you can always open another new one.

Open Tradeo Practise Account

Tradency Mirror Trader Demo Account

tradency-logo-100Click here to try Tradency’s Mirror Trader platform for free. The practice Mirror Trader account lets you invest $10,000 or €10,000 of virtual money by mirroring trades of other traders. The practice account is fully functioning and gives you access to all the strategy providers a real account would.

Please note though that because Tradency doesn’t offer a demo via their own website, this one is provided by one of their brokers (AvaTrade). However, it’s totally free and without much hassle. I.e. you have to provide hardly any info and from our experience and feedback there are no follow up calls.

Open Tradency Mirror Trader Practise Account

Even once you move to trading with real money, these demo trading accounts are very useful. We often still try traders first with our demo accounts before we follow them using real money.



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