You will never struggle for liquidity on this platform and the number of trading tools on offer is highly extensive. In terms of the demo account itself, most traders will opt for MT4. All you need to do is quickly open an account with Forex. com and then enter your login credentials into the MT4 platform - which you can access online or via desktop software. Once you do, you'll then have access to £10, in demo account funds.

In particular, Forex. com is an advocate of the best trading robots and EAs, so this is a good platform to try out a new automated system. In fact, it even offers dedicated forex VPNs, which are highly conducive for running advanced trading bots around the clock. If and when you decide to upgrade to a real money account, Forex. com offers some very competitive trading fees. There are several account plans to choose from, one of which allows you to trade commission-free.

If you're a seasoned pro trading larger volumes, an alternative account type offers spreads from just 0. There is also an STP Pro account, which gets the spread down to an industry-leading 0.

Visit Forex. com Now There is no guarantee you will make money with this provider. Plus is one of the most popular CFD trading platforms. The provider is authorized and regulated by the FCA and its parent company is listed on the London Stock Exchange. On top of commodities, stocks, indices, and ETFs - Plus offers a huge forex trading facility.

Like most brokers in this space, the provider covers all major and minor pairs. However, Plus takes things to the next level by offering dozens of emerging currencies, too. For example, you can trade pairs that contain the Thai baht, South African rand, Mexican peso, and more. Each and every forex pair hosted by Plus can be traded commission-free and with competitive spreads. In terms of the demo account facility, you can use this as soon as you go through the account opening process.

This should take you no more than a few minutes. The demo account amount is Once the balance of the demo account drops to EUR or the equivalent currency amount or below, the initial demo amount will be automatically reinstated by the system.

This allows you to take as long as you need before you start trading with your own capital. When you do, the minimum deposit is just £ Finally, Plus can be accessed online or via the provider's mobile app. We have presented a selection of the best forex demo accounts right now. While some are suitable for newbies attempting to learn how to trade currencies for the first time, others are more conducive to advanced trading strategies.

Crucially, no two forex demo accounts are the same, so it's worth doing a bit of research before you get started. With this in mind, below we explain what you need to look out for in your search for the best forex demo account.

The best forex demo accounts that we reviewed come pre-loaded with a set amount of paper funds. com offers £10, You'll want to ensure that the amount being offered is sufficient enough for you to learn the ropes of forex trading.

After all, if you're a newbie, there is every chance that you will encounter more losing trade than wining ones - especially at the start of your trading journey. On the other hand, some of the best forex demo accounts allow you to top-up your paper trading balance. For example, Plus will increase your paper balance back to £20, when it drops below £ You also need to explore whether or not the demo account comes with a time limit.

We came across plenty of providers that only give you days of usage. This might not be enough time for you to learn how the forex trading market works if you are just starting out. This is why the best forex demo accounts come with no time limit at all.

In particular, this is really useful if and when you come up with a new trading strategy later down the line. In the case of eToro, there is no limit on how long you can use the demo account. On the contrary, you can switch between demo and real money mode at the click of a button. This metric is perhaps the most important. In a nutshell, the best forex demo accounts will mirror live trading conditions like-for-like.

This is crucial, as the whole point of using a demo account is to learn and build effective trading strategies that eventually - you can use in the real forex scene. As noted above, most forex trading platforms require you to open an account before you can gain access to its demo account facility.

This is fair, as the provider is allowing you to trade in live market conditions risk-free. However, we came across several platforms that also ask you to make a deposit before you can use the demo account. These providers should be avoided, as the best forex demo account will never stipulate a requirement to deposit funds.

Once again, forex demo accounts are offered by regulated trading sites. While some sites offer dozens of currency pairs, others are somewhat thin on the ground. As such, it's important to check what forex trading pairs the platform offers, before going through the motions of using the demo account facility. But, if you're looking to trade an exotic currency like the Thai baht, make sure this is supported. Put simply, you should only consider a forex demo account if it comes packed with trading tools.

If it doesn't, then you won't be able to perform analysis in-house and thus - make rational, sensible trading decisions. You may also want to explore the best forex signals providers, these work on your chosen broker account and aim to provide tips and insights in to future market trends. If you want to trade forex with real money but don't know where to start - it's worth considering an automated trading tool. There are several variations available in the market. For example, eToro offers a Copy Trading feature, which allows you to mirror the trades of an experienced forex pro.

This will trade around the clock on your behalf. You should, however, run the robot in demo mode for at least a few weeks to see how it performs in live market conditions. In order to find trends when trading forex, you need access to technical indicators. For example, the RSI Relative Strength Index looks to assess whether a forex pair is potentially over or undervalued.

With this in mind, you'll want to choose a forex demo account that comes packed with technical indicators, chart drawing tools, and other important analysis features. So now that we have discussed what you need to do to find the best forex demo account for your needs, it's now time to get started! There is no time like the present in this respect, as the best providers require no deposit to use the demo facility.

Instead, you simply need to open an account. Forex Strategy Builder is a visual program designed for creating and back-testing trading strategies based on different technical indicators. of building Forex strategies by MetaTrader 5 is the trading platform designed to arrange brokerage services in Forex, CFD, Futures, as well as equity markets. This software it will help you to get a long-term, stable income from the Forex market. This software it from the Forex market.

and practical software. This software suitable Forex Signal Live offers forex signals DIRECTLY to users MetaTrader accounts automatically.

A revolutionary trade platform, Forex Optimizer is intended both for beginners, and for the tempered traders of Forex. Beginners can study market Forex skilled traders Forex Optimizer allows Windows Mac. Windows Users' choice Forex software Forex software Most people looking for Forex software downloaded: Forex Trader Sidekick. They have some of the most competitive spreads on a range of CFD products including forex, commodities, cryptocurrencies, and more. Managing risk is one of the most important aspects of trading, so Markets.

com provides a range of sentimental, fundamental, and technical tools to help protect your portfolio. com makes trading easy with only one account which has no commissions. While Markets. com does not display its average spreads on its website like other brokers, our team has investigated and found their minimum spreads for major forex pairs as listed below. com offers the best range of platforms for the brokers on this list. First, is their staple Marketsx platform offering CFD trading in the full range of markets with their low spreads.

Marketsx is Markets. This is an exclusive platform that comes with its full suite of risk management and trading tools. We have listed some of the features of Marketsx below. Both of these platforms come with an array of different features including technical analysis tools, algorithmic trading capabilities, and advanced order types.

Both platforms come included with Markets. com assurance of some of the best order execution rates on the market. One of the main features of trading is understanding the ins and outs of the market. com offers a range of trading tools to help you make the big decisions when it matters.

Some of these tools are listed below. Trading forex successfully comes down to having a proven edge in the market, the discipline to follow your trading plan and sound risk management strategies. Yes, beginner traders and professional traders can make money on eToro by copying other traders.

At copy trading platforms such as eToro, one can copy up to trades simultaneously. eToro minimum deposit is also extremely low USD 50 making it fairly accessible. If you want to learn more about eToro social trading networks check our full eToro Review.

MetaTrader 4 MT4 by MetaQuotes Software is one of the best forex trading platforms. Released in , the MT4 platform includes a generous number of technical tools, 3 different chart types, 9 different time frames, automated trading Expert Advisors EAs and so much more.

The upgraded MetaTrader 5 MT5 seeks to replace the MT4 platform by providing access to more markets, depth of market and more technical indicators. As well as a choice of account types Standard vs Razor , trading platforms MT4, MT5 and cTrader and social-copy trading tools, customers can download additional software add-ons to gain access to additional technical indicators and expert advisors.

Before investors start trading with real money, a Pepperstone demo account can be opened with a virtual balance provided to practize forex trading. Please note, this software comparison focuses on forex and CFD trading platform suitable for short term trading with leverage.

If you click on the link, you will be taken to the publishers website for you to buy directly through the publisher.

Even though we do get a referral fee, you pay the same price as all clients of the publisher. We use cookies to ensure you get the best experience on our website. By continuing to browse you accept our use of cookies. Brokers By Country Australian Forex Brokers UK Forex Brokers European Forex Brokers NZ Forex Brokers Canadian Forex Brokers US Forex Brokers Singapore Forex Brokers UAE Forex Brokers.

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Home » Best Forex Platforms » Forex Trading Software. Written by Justin Grossbard Written by Justin Grossbard Co Founder. Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here. Best Forex Trading Software The best software for forex trading with the best trading tools is Pepperstone - Best Forex Trading Software IC Markets - Low Fee MetaTrader 4 Forex Broker FXCM - Good for NinjaTrader Trading Platform eToro - Best Social Forex Trading Software City Index - Good Trading Platform for Beginner Forex Traders ThinkMarkets - Best Expert Advisors Robots With Backtesting FxPro - Top Broker With cTrader With Automate Axi - Good AutoChartist Technical Analysis Tools.

Visit Site. Our Rating. Review Of Pepperstone. Review Of IC Markets. Review Of Plus Review Of FxPro. City Index Review. ASIC Australia. FCA UK. MAS Singapore. FSCA South Africa. CYSEC Cyprus.

FMA New Zealand. DFSA Dubai. BaFin Germany. FSA Seychelles. SCB Bahamas. Raw Spread. Commissions USD Base. Minimum Deposit. Swap Free Account. No Inactivity Fees. Funding Methods. No Funding Fees. Currency Pairs. Index CFDs. Share CFDs. Commodities CFD. Retail Max Leverage Australia. Max Leverage Australia. Retail Max. Leverage The United Kingdom. Leverage Europe. Leverage Singapore. Leverage Kenya. Leverage South Africa.

This will allow you to trade in live forex market conditions without needing to risk any capital. Then, when you feel comfortable with how currency trading works, you might then consider upgrading to a real money account. By scrolling down, you can read a full review of each demo account in more detail.

Before you consider which forex demo account to use, it is important to remember that your chosen provider is also a brokerage site.

In other words, you will need to open an account with a forex trading platform before you can use its demo facility. As such, you need to look at factors other than just the demo account — such as tradable forex pairs, spreads, commissions, customer support, and more. To point you in the right direction, below we discuss a selection of the best forex demo accounts. eToro is now one of the most popular online trading platforms. With more than 17 million global clients, the broker is often the go-to provider for newbies.

Not only is this because the trading platform is really easy to use, but eToro is home to a wealth of educational and training materials. This mirrors the real eToro trading platform like-for-like, in terms of supported markets, real time pricing, and liquidity.

The key difference is, of course, that you will be trading with paper money. You should consider whether you can afford to take the high risk of losing your money. In terms of supported markets, eToro gives you access to over 55 forex pairs. This covers majors, minors, and plenty of exotics, too. In addition to forex, eToro also supports stocks, ETFs, cryptocurrencies, indices, and commodities.

All supported assets — including forex, can be traded commission-free at eToro. There is no time limit on this, so you can switch between the demo and real account any time you wish.

An additional feature that some of you might be interested in is the eToro Copy Trading tool. As a social trading platform , eToro allows you to copy an experienced forex trader like-for-like — at an amount proportionate to what you invest. eToro is heavily regulated, including an FCA license. Your funds are also protected by the FSCS. Libertex is one of the most established forex and CFD trading platforms in the online space. Launched over 23 years ago, the platform is now home to almost 3 million traders.

Perhaps the most attractive aspect of choosing this provider is that Libertex is a tight spread broker. This means that there is no gap between the buy and sell price of your chosen forex pair. Plus, many of the markets offered by Libertex can be traded commission-free. This is more than enough for you to get to grips with trading currency pairs in a risk-averse manner. You actually have two options at Libertex when it comes to the demo account.

If you're a complete newbie, then you can trade via the Libertex website. This is a platform built by Libertex itself and it is particularly popular with inexperienced traders. Alternatively, you can also use your demo funds via MT4. This third-party platform is often used by seasoned traders, as it comes packed with advanced chart reading tools and technical indicators.

Either way, there is no time limit on how long you can use the demo account at Libertex. When you eventually decide to start trading with your own capital, the minimum deposit here is just £ After your initial deposit, the minimum goes down to just £10 per transaction. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Although you are best advised to trade via a desktop device to get the most out of a demo account, some of you might also like the option of doing this through a mobile app. If so, it's well worth checking out AvaTrade. This popular forex and CFD trading platform has been active in this space for over 12 years and it is regulated in 6 jurisdictions. You will have access to an abundance of forex trading pairs on this platform - all of which can be traded commission-free.

Once you download the mobile app - which the provider calls AvaTradeGo, you will first need to open an account. Then, you can start trading with demo funds directly from the palm of your hands.

You can also access your demo account online. If you decide to upgrade to a real money account, AvaTrade requires a minimum deposit of just £ AvaTrade is a MetaTrader 5 broker and is compatible with MT4 and Zulutrade.

So far in this guide, we stressed that forex demo accounts are ideal for newbies that wish to learn the ropes of currency trading before risking any capital. However, we should make it clear that demo accounts are also suitable for experienced traders that wish to test or perfect a new strategy.

If this sounds like you, then Forex. com is well worth considering. As the name implies, this popular online platform is a specialist forex broker. It gives you access to more than 80 currency pairs - many of which come from the emerging markets. You will never struggle for liquidity on this platform and the number of trading tools on offer is highly extensive.

In terms of the demo account itself, most traders will opt for MT4. All you need to do is quickly open an account with Forex. com and then enter your login credentials into the MT4 platform - which you can access online or via desktop software. Once you do, you'll then have access to £10, in demo account funds. In particular, Forex. com is an advocate of the best trading robots and EAs, so this is a good platform to try out a new automated system.

In fact, it even offers dedicated forex VPNs, which are highly conducive for running advanced trading bots around the clock. If and when you decide to upgrade to a real money account, Forex.

com offers some very competitive trading fees. There are several account plans to choose from, one of which allows you to trade commission-free. If you're a seasoned pro trading larger volumes, an alternative account type offers spreads from just 0. There is also an STP Pro account, which gets the spread down to an industry-leading 0. Visit Forex. com Now There is no guarantee you will make money with this provider.

Plus is one of the most popular CFD trading platforms. The provider is authorized and regulated by the FCA and its parent company is listed on the London Stock Exchange. On top of commodities, stocks, indices, and ETFs - Plus offers a huge forex trading facility.

Like most brokers in this space, the provider covers all major and minor pairs. However, Plus takes things to the next level by offering dozens of emerging currencies, too. For example, you can trade pairs that contain the Thai baht, South African rand, Mexican peso, and more. Each and every forex pair hosted by Plus can be traded commission-free and with competitive spreads. In terms of the demo account facility, you can use this as soon as you go through the account opening process.

This should take you no more than a few minutes. The demo account amount is Once the balance of the demo account drops to EUR or the equivalent currency amount or below, the initial demo amount will be automatically reinstated by the system. This allows you to take as long as you need before you start trading with your own capital. When you do, the minimum deposit is just £ Finally, Plus can be accessed online or via the provider's mobile app.

We have presented a selection of the best forex demo accounts right now. While some are suitable for newbies attempting to learn how to trade currencies for the first time, others are more conducive to advanced trading strategies. Crucially, no two forex demo accounts are the same, so it's worth doing a bit of research before you get started.

With this in mind, below we explain what you need to look out for in your search for the best forex demo account. The best forex demo accounts that we reviewed come pre-loaded with a set amount of paper funds. com offers £10, You'll want to ensure that the amount being offered is sufficient enough for you to learn the ropes of forex trading. After all, if you're a newbie, there is every chance that you will encounter more losing trade than wining ones - especially at the start of your trading journey.

On the other hand, some of the best forex demo accounts allow you to top-up your paper trading balance. For example, Plus will increase your paper balance back to £20, when it drops below £ You also need to explore whether or not the demo account comes with a time limit.

We came across plenty of providers that only give you days of usage. This might not be enough time for you to learn how the forex trading market works if you are just starting out. This is why the best forex demo accounts come with no time limit at all. In particular, this is really useful if and when you come up with a new trading strategy later down the line.

In the case of eToro, there is no limit on how long you can use the demo account. On the contrary, you can switch between demo and real money mode at the click of a button.

The platform allows you to select a seasoned forex trader and then copy all buy and sell positions like-for-like. This metric is perhaps the most important. Our free forex training software game will help you get started. Review Of FxPro. The idea is pretty simple:. This should take you no more than a few minutes.

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