Demo or practice accounts, are ideal for getting involved in Forex investing. With demo accounts there is no risk because they are a simulation of the actual market. They are an excellent choice for starters, because with them they will learn how to operate the trading platform, define a strategy and determine if it is profitable. Demo accounts have the same performance and same tools than real accounts, the only difference is that demo accounts let you trade with virtual money. Demo accounts are a valuable tool for both new traders that want to learn how to operate the market, and for expert traders that want to test their strategies.
Here are some brokers that offer free Forex demo accounts:
Dukascopy The demo account that Dukascopy offers lasts for 14 days. Dukascopy publishes daily forecasts for the currency market, which are very useful when defining operating and trading strategies. Special reports are also available, and there are videos with the latest market news and a variety of tools that are useful for every trader.
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FXCM The FXCM demo account provides you with online quotes, charts and news in real time. You can implement and evaluate various trading strategies under real market conditions. You can also access the customer service which operates 24 hours a day, 7 days a week, 365 days a year. The FXCM lasts 30 days. After this period the demo account will expire automatically.
FXPro The FXPro demo account is an excellent way to explore the market and of the trading platform is offered, all without obligation. FXPro allows you to access the world’s largest financial market and trade currencies, futures and indices, precious metals, commodities and contracts for difference on values 24 hours a day. Before you start investing real money it is recommended to open a free practice account.