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15 best platforms for demo trading accounts.

Updated: Nov 8, 2023

If you're new to trading and want to practice without the risk of losing real money, there are several platforms that offer demo trading accounts. These accounts allow users to simulate real trades using virtual funds. Here's a list of the top 10 platforms known for providing the best demo trading accounts:


Please note that the numbers below are not ranks; they are used for counting purposes. Compare the features of the platforms and demo trading accounts below and decide which ones suit your needs.


Please note that this article is not sponsored or endorsed by any trading platform. It is advised for readers to conduct their own research and read reviews of various trading platforms before making any decisions. This will ensure that they have all the necessary information to make an informed choice.

15 best platforms for demo trading accounts.

1. MetaTrader 4:

Widely regarded as one of the best trading platforms, MetaTrader 4 offers a comprehensive demo account with real-time market data and a user-friendly interface of MetaTrader 4 include:


Real-time market data: MetaTrader 4 provides traders with up-to-date information on market conditions, allowing them to make informed trading decisions.


User-friendly interface: The platform is designed to be intuitive and easy to navigate, making it accessible for both beginner and experienced traders.


Comprehensive demo account: MetaTrader 4 offers a demo account feature that allows users to practice trading with virtual funds. This is a great way for beginners to get familiar with the platform and develop their trading skills without risking real money.


Advanced charting tools: The platform includes a wide range of technical analysis tools and indicators, enabling traders to analyze price movements and identify potential trading opportunities.


Customizable features: MetaTrader 4 allows users to customize their trading experience by adding indicators, creating custom templates, and setting up automated trading strategies using Expert Advisors (EAs).

Mobile trading: MetaTrader 4 is available as a mobile app, allowing traders to access their accounts and trade on the go using their smartphones or tablets.


Overall, MetaTrader 4 offers a comprehensive set of features that cater to the needs of both beginner and advanced traders. Its user-friendly interface, real-time market data, and customizable features make it a popular choice among traders worldwide.


Read: Meta Trader 4 vs Meta Trader 5. What are the differences?


2. eToro:

eToro provides a demo account with $100,000 in virtual funds for users to practice trading. This allows users to explore the platform and try out different features without risking any real money. Some notable features of eToro's demo account include the ability to trade various assets such as stocks, cryptocurrencies, commodities, and more.


Additionally, eToro's social trading features allow users to connect with other traders, follow their strategies, and even copy their trades. Overall, eToro's demo account offers a comprehensive experience for users to familiarize themselves with the platform and trading different assets.


3. TradingView:

TradingView's demo account provides users with virtual funds of $100,000 to practice and test their trading strategies. Along with its advanced charting capabilities, TradingView offers a range of features to enhance the trading experience.


These include real-time market data, customizable technical indicators, drawing tools, and the ability to save and share charts. Additionally, TradingView allows users to access a wide variety of markets and instruments, including stocks, cryptocurrencies, forex, and more. Overall, TradingView's demo account and features make it a valuable tool for traders looking to refine their strategies before risking real money.


4. IG:

In regards to your question about the demo account provided by IG, the virtual funds available to traders may vary depending on the specific account type and settings. However, it is common for brokers to offer a substantial amount of virtual funds, typically ranging from $10,000 to $100,000. This allows traders to simulate real trading scenarios without risking any actual money.


As for the features available on IG's demo account, you can expect to have access to a wide range of markets, including stocks, indices, currencies, commodities, and more. You will also have the opportunity to explore and familiarize yourself with the various features and tools offered by their trading platform. These may include charting tools, technical indicators, risk management options, and order types.


By utilizing the demo account provided by IG, traders can gain valuable experience and confidence in their trading strategies before committing real funds. It is always recommended to thoroughly explore all the available features and tools on the demo account to ensure a better understanding of the platform's capabilities.


5. Saxo Bank:

Saxo Bank's demo account provides traders with a virtual fund of $100,000 to practice trading on their award-winning platform. This gives traders the opportunity to familiarize themselves with all the features and tools available on the platform, including comprehensive trading tools and analysis. The demo account allows traders to test different trading strategies and gain confidence before investing real money in the market.


6. TD Ameritrade's thinkorswim:

TD Ameritrade's thinkorswim platform is highly regarded for its robust trading tools and advanced analysis capabilities. One of its standout features is the paper trading functionality, which allows users to simulate trades without risking real money.


With thinkorswim's paper trading feature, you can practice and test your trading strategies in a risk-free environment. This is particularly useful for beginners who want to gain experience and confidence before entering the live market. By using virtual funds, you can explore different investment approaches and evaluate their potential outcomes.


The paper trading feature on thinkorswim is designed to closely resemble the real trading experience. You can place trades, monitor positions, and track performance just as you would with actual funds. This allows you to assess the effectiveness of your strategies and make adjustments as needed.


Additionally, thinkorswim provides an extensive range of research and analysis tools to support your trading decisions. You can access real-time market data, customizable charts, technical indicators, and much more. This wealth of information empowers you to make informed trading choices and optimize your investment performance.


Whether you are a novice or an experienced trader, thinkorswim's paper trading feature offers a valuable opportunity to hone your skills in a risk-free environment. It is an excellent tool for learning, testing strategies, and building confidence before venturing into live trading with real money.


7. Interactive Brokers:

Interactive Brokers offers a range of features in their paper trading account. Here are some notable features:


Access to Global Markets: With the paper trading account, you can trade in various global markets including stocks, options, futures, and forex. This allows you to test your trading strategies across different asset classes.


Real-Time Data: Interactive Brokers provides real-time market data for free in their paper trading account. This means you can analyze current market conditions and make informed decisions based on accurate information.


Advanced Trading Tools: The paper trading account includes access to advanced trading tools such as charts, technical indicators, and order types. This enables you to simulate real-world trading scenarios and practice using different strategies.


Risk Management Tools: Interactive Brokers offers risk management tools in the paper trading account, allowing you to set stop-loss orders and manage your risk effectively. This is particularly useful for testing risk management strategies before implementing them in live trading.


As for the virtual funds provided in the paper trading account, Interactive Brokers offers a starting balance of $1 million in virtual funds. This gives you ample capital to practice and experiment with different trading strategies without risking real money.


It's important to note that the availability of features and virtual funds may vary depending on your location and the type of account you have with Interactive Brokers. It's recommended to visit their official website or contact their customer support for specific details regarding their paper trading account.


8. XTB:

XTB offers a demo account with access to their full range of instruments, allowing traders to test their strategies in a risk-free environment. what features and how much virtual funds.


XTB's demo account offers traders access to their full range of instruments, allowing them to explore and test their strategies in a risk-free environment. The demo account is equipped with all the features and functionalities of a live trading account, providing an authentic trading experience.


As for the virtual funds, XTB provides traders with a generous amount of virtual funds to use in the demo account. While the exact amount may vary, it is typically a substantial sum that enables traders to simulate real trading scenarios and experiment with different strategies effectively.

By offering a demo account with access to their full range of instruments and ample virtual funds, XTB empowers traders to gain valuable experience and confidence before venturing into live trading. It's a great opportunity to familiarize oneself with the platform, test strategies, and refine skills without any financial risk.


9. AvaTrade:

AvaTrade offers a demo account with virtual funds to allow traders to practice their skills and familiarize themselves with the platform's features. The exact amount of virtual funds provided may vary, but typically it is a substantial amount, often around $100,000. This allows traders to simulate real trading conditions and test out different strategies without risking any actual money. The demo account includes all the features available on the live trading platform, including access to a wide range of financial instruments, technical analysis tools, and various order types. It is a valuable resource for both beginners who are new to trading and experienced traders who want to refine their strategies.


10. Fidelity:

Fidelity offers a virtual trading platform that allows users to practice trading stocks, options, and ETFs without using real money. what features and how much virtual funds.


Fidelity's virtual trading platform offers several features that allow users to practice trading stocks, options, and ETFs. Here are some key features:


Real-time market data: The platform provides access to real-time market data, allowing users to monitor stock prices and trends accurately.


Virtual trading tools: Fidelity's virtual trading platform includes a range of tools and resources to help users simulate real trading scenarios. These tools may include order entry, charting, research capabilities, and more.


Customizable portfolios: Users can create and manage multiple virtual portfolios, allowing them to experiment with different investment strategies and track the performance of their holdings.


Educational resources: Fidelity provides educational materials, tutorials, and webinars to help users learn about investing and improve their trading skills.


Regarding the amount of virtual funds available on Fidelity's platform, it typically varies depending on the user's preferences and requirements. While I couldn't find specific information on the exact amount of virtual funds provided, it is common for virtual trading platforms to offer a substantial amount of simulated capital for users to practice with. This allows users to experience realistic trading scenarios without risking their actual money.


11. XM Group:

XM Group offers a range of features and virtual funds on its demo account. Here are some key features:


Educational Resources: XM Group provides a comprehensive suite of educational resources, including video tutorials, webinars, and educational articles. These resources are designed to help traders enhance their knowledge and improve their trading skills.


Real-time Market Data: The demo account on XM Group provides access to real-time market data, allowing traders to practice trading in a realistic market environment. This enables users to familiarize themselves with current market conditions and test different trading strategies.


Variety of Trading Instruments: The demo account offers a wide range of trading instruments, including forex, stocks, commodities, and indices. This allows traders to explore different markets and practice trading various assets.


Customizable Virtual Funds: XM Group allows users to choose the amount of virtual funds they want to start with on their demo account. Traders can set the virtual funds to an amount that they are comfortable with and use it to simulate real trading scenarios.


Regarding the specific amount of virtual funds provided by XM Group, it may vary depending on the account type and the trader's preferences. It is recommended to reach out to XM Group directly or visit their website for the most accurate and up-to-date information on virtual funds provided for their demo account.


12. OANDA:

OANDA offers several useful features in its free demo account. Firstly, you can access the same trading interface and platform that real account holders use, allowing you to familiarize yourself with OANDA's trading tools and features. This includes customizable charts, technical analysis tools, and various order types.


In terms of virtual funds, OANDA provides a generous amount of virtual money for you to practice trading with. The specific amount may vary, but it typically ranges between $100,000 and $500,000. This allows you to simulate real trading conditions and experiment with different strategies without risking any actual capital.


Furthermore, OANDA's demo account has no expiration date, meaning you can continue using it for as long as you need to gain confidence and improve your trading skills. This is particularly beneficial for beginners who require ample time to familiarize themselves with the platform and the dynamics of the market.


Overall, OANDA's demo account offers a comprehensive and realistic trading experience with a range of features and a substantial amount of virtual funds, all at no cost to you.


13. NinjaTrader:

NinjaTrader's demo account offers a range of features that make it popular among futures traders. Some of its key features include:

Advanced charting capabilities: NinjaTrader's platform provides robust charting tools, allowing traders to analyze market data and identify trading opportunities.


Real-time market data: The demo account provides access to real-time market data, enabling traders to practice their strategies in a realistic trading environment.


Customizable interface: Traders can customize the platform's layout and settings according to their preferences, helping them create a personalized trading experience.


Simulated trading: The demo account allows traders to practice trading without risking real money. This feature is particularly useful for beginners who want to familiarize themselves with the platform and develop their trading skills.


In terms of virtual funds, NinjaTrader provides users with a substantial amount of virtual currency to trade with in their demo accounts. The specific amount may vary, but it is typically a generous sum that allows traders to simulate real-world trading scenarios effectively.


It's important to note that NinjaTrader offers different versions of its software, including a free version and a paid version with additional features. The availability of certain features and the amount of virtual funds may vary depending on the version you choose.


For more detailed information on NinjaTrader's demo account and its features, I recommend visiting their official website or contacting their customer support.


14. Forex.com:

Forex.com offers a demo account that provides traders with virtual funds to practice their strategies in the forex market. The demo account is designed to simulate real trading conditions, allowing users to experience the platform and test their skills without risking any real money.


As for the features of the demo account, it typically includes access to real-time market data, various trading tools and indicators, as well as the ability to place trades and manage positions. The demo account is usually available for a limited period of time, allowing traders to get familiar with the platform and gain confidence in their trading abilities.

Regarding the amount of virtual funds provided in the demo account, this can vary depending on the broker.


Forex.com generally offers a substantial amount of virtual funds, typically ranging from $10,000 to $100,000. This allows traders to execute trades and experiment with different strategies while having enough capital to simulate real-world trading scenarios.


It's important to note that while the virtual funds in the demo account can be used for trading and practicing strategies, they cannot be withdrawn or converted into real money. The purpose of the demo account is solely for educational and practice purposes.


Overall, Forex.com's demo account provides traders with an excellent opportunity to gain experience and confidence in forex trading without risking any real money. It's a valuable tool for beginners to learn the ropes and for experienced traders to test new strategies before implementing them in live trading.


15. FXTM:

FXTM offers a demo account with $10,000 in virtual funds, allowing you to practice trading without risking any real money. This demo account provides access to a wide range of trading features and tools that mirror the conditions of a live trading account. You can use these virtual funds to familiarize yourself with the platform, test different trading strategies, and explore the various educational materials offered by FXTM.


It is crucial to keep in mind that demo accounts offer a safe space for honing your trading strategies without any risk. However, when you reach a point where you are comfortable and confident with your skills, it's essential to approach live trading with caution and implement proper risk management practices. This ensures that you can navigate the real market environment effectively while safeguarding your investments. Read Related:


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