Being a novice or expert trader, we highly recommend practicing demo trading with multiple CFD providers,
Demo accounts let you make practice trading without using real money. Instead, each demo account gives you a virtual balance to use,’
Most of these demo accounts are free to sign up for and use. Any profit or loss in a demo trade is not real,
Main advantages of trading in a risk-free environment,
Practice and develop your CFD trading skills
test trading strategies under real market conditions.
test your comfort level of leverage and trade sizes.’
, Gain access to educational content, Opening a demo trading account enables access to education and charting tools.
test your hardware and network performance security and stability.
try out the different versions each CFD provider offers: Desktop app, mobile apps, web-based platform, MT4 platform, InterTrader and so on.
familiarise yourself with the tools and features of our trading platforms.
study new markets and assets you want to trade on, Verify Which markets you can access with each provider
A demo account doesn’t always reflect all of the market conditions that may affect pricing, execution and margin requirements live account setting changes imposed as a result of elevated market volatility or other factors.
. Once the money in the demo account runs out, you will no longer be able to practice on that platform.
This comparison shows CFD providers that offer a demo account.
Which demo account is best?
The best account depends on which markets you want to trade on, and what features you need. Use a demo account to get an idea of: Which devices you can use to trade, e.g., your phone, or computer The features each platform offers, like limit orders and overnight trading Which markets you can access with each provider Shortlisting the demo accounts you want to try, and testing them, could help you identify your favorite platform. You need to find a broker that offers a Demo CFD trading account platform. After you make your selection, signup for a demo accounts with each of them to get access to their demo platform.
Some accounts might offer a limited number of demo funds, but others may let you practice with unlimited funds.
, The Financial Conduct Authority (FCA) monitors and regulates all CFD providers operating in the UK.
And what features you need. Use a demo account to get an idea of Which devices, and networks you can use to trade securely and stably or Learn the features each account offers, like limit orders and overnight trading. Shortlisting the demo accounts you want to try, and testing each one of them, will help you to choose the ideal trading platform for your needs.