Minimum Deposit. Islamic Account. Trading Fees. AvaTrade is a respected online broker; not only is it the oldest and biggest in the world, but its dedication to customer service and support has won it many awards throughout the years. Avatrade is regulated in 6 jurisdictions overall, and within the EU they must remain compliant with ESMA regulations and therefore your demo account will depend on your region.

Your demo account will have the same features as your live account. There is no expiration time for inactivity, but the account does however run out after days.

This period can be extended by contacting AvaTrade customer support or you can simply open another demo account. Rated 71 of Recommended FX Brokers. FBS has launched a new type of account specifically for trading cryptocurrencies. BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments.

FBS offers 5 different accounts to choose. These are all available with demo trading accounts if you are a new user interested in signing up with the broker. The FBS demo trading account trial period lasts for a total of 90 days. If you do want to keep using the account after this it is possible though by contacting the support team. Rated 70 of Recommended FX Broker. One great thing is that their demo account allows traders to execute trades using real-time data from both the industry and the broker.

You can, therefore, be confident that you are learning in real-time environments with the safety that your trades are risk-free. Axil demo accounts expire within thirty days but the broker is open for negotiations and encourages individuals who wish to see their demo accounts expiry time extended to contact their customer support team. Rated 23 of Recommended FX Brokers. FP Markets is a solid broker with a long track record in the Forex market.

Their customer support is a real stand out with traders rating them highly for fast response as well as a very reliable trading experience. Demo accounts do not expire unless you do not use it for more than 30 days.

You will not be able to reactivate it in this case. Rated 6 of Recommended FX Brokers. HotForex offers a whole lot in terms of demo accounts as they offer a total of 6 account types to its traders and each one of these account types can be linked with a demo trading account. HotForex offers more than 45 top currency pairs from all around the world with an excellently competitive HotForex spread starting at 0 pips.

You can also enjoy risk-free trading in over 70 CFD trading options available across the board in stocks, indices, commodities, cryptos, futures, and bonds, when you join with a HotForex demo trading account.

Rated 34 of Recommended FX Brokers. Go Markets. GO Markets is a solid broker with lots of features. Go Markets probably fits all kinds of traders whether you are a beginner or experienced trader. The broker provides analytics and offers great educational tools. GO Markets offers very low Forex fees. You can be up and running very quickly as both account opening and depositing is super easy and fast.

Additionally, you'll get many high-quality educational tools ranging from a demo account to e-book. Overall, GO Markets is an incredibly strong Forex and CFD broker for traders. Great customer service and good spreads make it an attractive option.

They offer real-time spreads and fast execution so you build your confidence as a trader. Rated 69 of Recommended FX Brokers. XTB offers both Standard and Pro accounts for you to choose from as a trader.

Both account types come with an available demo trading account. Unlike some brokers, their demo trading accounts do not expire. However, if you do not trade for more than 30 days the demo account may be closed. XTB provides a well-rounded, competitive offering overall with outstanding customer service and the xStation 5 trading platform, which delivers a great experience.

XTB also offers a great host of educational tools with videos, tutorials, webinars, and more to help you grow as a top Forex trader. Rated 32 of Recommended FX Brokers. FXTM is a reputable broker and has a strong focus on educating and providing training resources for new traders. You will find plenty of educational resources for beginners and new traders get demo accounts on four different accounts.

FXTM is very user-friendly and is one of the few brokers to offer 24 hour support 7 days a week, allowing traders to use their weekends or holidays to get set up. Rated 55 of Recommended CFD Provider. Yes Availability subject to regulations. General Risk Warning: 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.

You should consider whether you can afford to take the high risk of losing your money. The Plus platform is suitable for experienced traders only.

The Plus demo trading account is limited to only one trading account type as this is what the provider offers to all of its live traders. From this demo trading account, however, you can experience trading with more than 70 Forex trading pairs on an account that does not expire even if you are inactive. Rated 37 of Recommended FX Brokers. IC Markets. IC Markets demo trading accounts do not expire. Once you have started Forex trading with this broker, you can access more than 65 currency pairs at a really low spread.

Another important feature of Forex trading through IC Markets is that your account can be linked up with Zulutrade if you are interested in getting involved with Copytrading.

Rated 20 of Recommended FX Brokers. eToro is also a winner in for its easy-to-use copy-trading platform where traders can copy the trades of other users across over 1, instruments, including CFDs on popular cryptocurrencies. The one downside of eToro is pricing; otherwise, eToro delivers a great amount of services and values that make it a great overall pick. Regarding their demo accounts: Creating an account is straightforward, free of charge and it has no obligations to use it for real.

Rated of Recommended FX Brokers. CMC Markets. CMC Markets is excellent for new traders with great educational resources to help you learn how to trade and get more confident as you grow as a trader. The CMC Markets Next Generation platform delivers terrific tools, comprehensive market research, an excellent mobile app, and a wide selection of nearly 10, tradeable instruments.

CMC Markets are another top broker offering demo trading accounts to you as a Forex trader that can help you get to know the platforms and assets on offer much better. Demo accounts do not expire at any time. Developed within academia, Oanda has grown and built a reputation for being a trustworthy exchange and the most trusted retail Forex platform. Oanda offers a great and easy-to-use web trading platform, and a quick and user-friendly account opening process with no minimum deposit.

You are free to reset the virtual balance back to the original amount anytime. This is of infinite value as you are learning to trade and building confidence. Rated 54 of Recommended FX Brokers. The demo account can be operated on both their platforms, just like the rest of the live accounts maintained by the broker. Registering a demo account with Pepperstone requires as much information as registering and verifying a live account.

This makes transitioning rather effortless and just a deposit away. com is a one-stop shop for Forex traders especially if you are based in the U. com offers a large range of tradable currencies and an impressive trading platform, The platform also has an extensive education center that provides free, informative Forex trading courses at multiple skill levels. Their emphasis is on the educational aspect of trading.

Rated 36 of Recommended FX Brokers. With over 40 years of operating in the market, HYCM brings is well-established and highly trusted having numerous global awards under its belt. HYCM provides research from Trading central which has an excellent track record with 30 million traders. Compared to competitors, HYCM also allows you to trade multiple markets through one integrated account.

The funds, however, will only be active for two weeks. Rated 68 of Recommended FX Brokers. XM Group is a great broker for beginners providing demo trading account on all their account types including Micro, Standard, XM Zero, and XM Ultra-Low depending on your choice.

All XM demo trading accounts are available on an unlimited basis that do not expire. If you do not trade in 30 days, however, you may need to renew your XM demo account. XM has a superb range of learning material, market analysis, webinars and seminars, to keep you informed and educated. Rated 70 of Recommended FX Brokers. Alpari Financial Services Ltd Alpari is considered one of the top Forex brokers on the foreign exchange market today. Demo accounts with Alpari are valid indefinitely.

Accounts of this type will remain active as long as you log in on the trading platform at least once every 10 days.

Alpari is great because it has a range of account types, really outstanding customer service, and favorable trading conditions. FXPro is another well-known broker in the Forex trading market. They are multi-award winning and offer 4 account types all of which have demo trading accounts available.

These are the FXPro MT4, MT5, cTrader, and Edge accounts. This FXPro demo trading account is unlimited in duration but will close after 30 days of inactivity. If this happens, all you need to do is reopen another account. com offers demo trading accounts on all their accounts and they do not expire at all even if you are not active in trading. They offer trading in more than 70 global currency pairs but trading here has much more to offer than only Forex.

There is CFD trading, commodities and cryptocurrency. Rated 18 of Recommended FX Brokers. They have a very comprehensive offering of educational and training resources with a very good support structure on many fronts to back that up. They can be contacted on their live chat tool on the EasyMarkets website, by phone, and social media — including WhatsApp.

Rated 26 of Recommended FX Brokers. FXCM focuses on traders who want to learn how to start trading the financial markets. New traders can take advantage of the trading tools and Forex education that FXCM offers. Rated 62 of Recommended FX Brokers. Derivative products are leveraged products and can result in losses that exceed initial deposits. You can open a free account with ThinkForex which they call ThinkMarkets — on both their platforms on which you can trade over 35 of the most popular currency pairs.

ThinkorSwim is in the TD Ameritrade family and is a very comprehensive platform with access to more than analytical tools. You get unlimited access to excellent resources and tools about trading which can be applied in a demo account that you can interact with for 60 days.

Most importantly, the data on the demo trading environment gives you a very real-time feel to learn on. Rated 38 of Recommended FX Brokers. IG is one of the few platforms that serve traders of all experience levels, whether a beginner or experienced one. Of the four IG Markets platforms, however, only two have demo options. Most Forex traders should try the core platform which is simple to use and free.

City Index. Traders confidently choose City Index for competitive spreads, great platform options, premium research tools, and reliable customer service. City Index offers a demo account with £10, in virtual cash, with unlimited access to their trading platforms for 12 weeks.

Price and trade data source: JSE Ltd All other statistics calculated by Profile Data. All data is delayed by at least 15 minutes. Telephone number: 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, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Top 4 Brokers. Forex Brokers. Forex Trading Platforms. Trading Platforms. Brokers by License. Brokers Types. Broker Reviews. Brokers to Follow. Brokers by Account Type. Index Trading Platforms. Forex Trading South Africa. BEE Shares. Most Popular JSE Shares.

Most Popular 20 Global Stocks. All brokers are mandated by financial rules of the host nation to announce the risky possibilities involved with trading forex and prominently display the same caution on advertorials when necessary. Forex Trading Demo Account is targeted at teaching the basics of forex to all interested traders on a platform completely devoid of risk. A trade simulation that explores all available financial instruments will no doubt be helpful in learning the ropes.

Almost all brokers now offer free demo accounts for their clients, while a few brokers now offer real money bonus to prospective clients in a competitive approach for client base expansion, and market share value increment. Currently, all demo forex trading accounts operate on a real platform of virtual money. All currency ratios reflect real time changes and the financial instruments available to users are a replica of those available to live account holders.

This is perhaps the most important feature of a Demo forex trading account. It involves trading with virtual loss. In the forex market, all miscalculations or wrong trade strategies accumulate losses that might be sometimes unbearable.

The forex demo account is done without any potential risk whatsoever. For forex demo accounts the only limiting factor is time. As as starter on any forex platform, global financial analysis data is the lifeguard of your trades.

However, for some brokers this feature might not be totally free as all costs relating to alerts and update are incurred are incurred by the broker. With the rapid growth in the connection between technology and Forex trading, the newest feature on some mobile forex trading app is the Backtest trading, although differently tagged on various platforms.

With this feature, potential traders can determine the efficiency of a new trading strategy by using it on the chart to examine if such a strategy could have generated a desired profit level in the past, based on the prevailing market indicators. This strategy can then be applied to the chart under the current indicators. The feature is unique only to demo forex trading accounts.

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Satrix40 STX40 Alt-X Index Wall Street Index DJIA FTSE Index UK DAX Index Germany Nikkei Index Japan. Dollar to Rand Euro to Rand British Pound to Rand Canadian Dollar to Rand Australian Dollar to Rand Rand to Rupee. Broker of the Month Top 10 Cryptocurrencies What is Bitcoin? How to buy Bitcoin in South Africa Buy Bitcoin Legally Open a FREE Bitcoin Wallet Cryptocurrency Converter What is Ethereum?

What is Ripple? What is Litecoin? What is Bitcoin Cash? Is Luno Safe? Best Brokers. Forex No Deposit Bonus. FSCA Regulated Forex Brokers. According to research in South Africa , what are the best Forex Trading Demo Accounts, and why are they such an important offering? The demo account allows you to learn about the mechanics of Forex trading and test your trading skills and processes with ZERO risk.

It is recommended that you use a demo account until you have the skills and confidence to then trade with real money in a real account. Usually, these accounts are offered on a trial basis with an amount of virtual money that you can risk. This may be offered for a limited time or they may be unlimited depending on the Forex broker.

Read Review. This is a list of some great Forex Brokers that offer demo trading accounts. Please note that they are not listed in any order. This is not a ranking system but rather a comprehensive list of good brokers that have demo trading accounts to help beginner traders learn how the world of Forex trading works and build knowledge and confidence. Rated 1 of Recommended FX Brokers. Minimum Deposit.

Islamic Account. Trading Fees. AvaTrade is a respected online broker; not only is it the oldest and biggest in the world, but its dedication to customer service and support has won it many awards throughout the years. Avatrade is regulated in 6 jurisdictions overall, and within the EU they must remain compliant with ESMA regulations and therefore your demo account will depend on your region.

Your demo account will have the same features as your live account. There is no expiration time for inactivity, but the account does however run out after days. This period can be extended by contacting AvaTrade customer support or you can simply open another demo account.

Rated 71 of Recommended FX Brokers. FBS has launched a new type of account specifically for trading cryptocurrencies. BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments. FBS offers 5 different accounts to choose. These are all available with demo trading accounts if you are a new user interested in signing up with the broker. The FBS demo trading account trial period lasts for a total of 90 days.

If you do want to keep using the account after this it is possible though by contacting the support team. Rated 70 of Recommended FX Broker. One great thing is that their demo account allows traders to execute trades using real-time data from both the industry and the broker. You can, therefore, be confident that you are learning in real-time environments with the safety that your trades are risk-free.

Axil demo accounts expire within thirty days but the broker is open for negotiations and encourages individuals who wish to see their demo accounts expiry time extended to contact their customer support team. Rated 23 of Recommended FX Brokers. FP Markets is a solid broker with a long track record in the Forex market. Their customer support is a real stand out with traders rating them highly for fast response as well as a very reliable trading experience.

Demo accounts do not expire unless you do not use it for more than 30 days. You will not be able to reactivate it in this case. Rated 6 of Recommended FX Brokers. HotForex offers a whole lot in terms of demo accounts as they offer a total of 6 account types to its traders and each one of these account types can be linked with a demo trading account.

HotForex offers more than 45 top currency pairs from all around the world with an excellently competitive HotForex spread starting at 0 pips. You can also enjoy risk-free trading in over 70 CFD trading options available across the board in stocks, indices, commodities, cryptos, futures, and bonds, when you join with a HotForex demo trading account.

Rated 34 of Recommended FX Brokers. Go Markets. GO Markets is a solid broker with lots of features. Go Markets probably fits all kinds of traders whether you are a beginner or experienced trader. The broker provides analytics and offers great educational tools. GO Markets offers very low Forex fees. You can be up and running very quickly as both account opening and depositing is super easy and fast. Additionally, you'll get many high-quality educational tools ranging from a demo account to e-book.

Overall, GO Markets is an incredibly strong Forex and CFD broker for traders. Great customer service and good spreads make it an attractive option. They offer real-time spreads and fast execution so you build your confidence as a trader. Rated 69 of Recommended FX Brokers. XTB offers both Standard and Pro accounts for you to choose from as a trader. Both account types come with an available demo trading account.

Unlike some brokers, their demo trading accounts do not expire. However, if you do not trade for more than 30 days the demo account may be closed. XTB provides a well-rounded, competitive offering overall with outstanding customer service and the xStation 5 trading platform, which delivers a great experience. XTB also offers a great host of educational tools with videos, tutorials, webinars, and more to help you grow as a top Forex trader.

Rated 32 of Recommended FX Brokers. FXTM is a reputable broker and has a strong focus on educating and providing training resources for new traders. You will find plenty of educational resources for beginners and new traders get demo accounts on four different accounts. FXTM is very user-friendly and is one of the few brokers to offer 24 hour support 7 days a week, allowing traders to use their weekends or holidays to get set up.

Rated 55 of Recommended CFD Provider. Yes Availability subject to regulations. General Risk Warning: 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. You should consider whether you can afford to take the high risk of losing your money.

Developed within academia, Oanda has grown and built a reputation for being a trustworthy exchange and the most trusted retail Forex platform. Where to find Bitcoin ATMs around South Africa — Search and Find Understanding Bond Costs in South Africa — A Useful Guide. Of the four IG Markets platforms, however, only two have demo options. There is a high probability that investments, both in fluid currency and cryptocurrency, may occur on different trades. Price and trade data source: JSE Ltd All other statistics calculated by Profile Data. FCA, CySEC, FSCA, SCB. Demo accounts do not expire at any time.

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