Free Forex Demo Account Reviews & Tips
By : Gunawan
Free Forex Demo Account, Who Else Wants to Use it?
Practice makes perfect, have you ever wondered how important it is to practice? Therefore it is very wise decision to use a free forex demo account for practice before you start trading in the forex market. Practice is the meaning of the word “demo”. It is also means that you can use virtual money in free forex demo account, just to see if the forex trading works for you.
Live quotes, live charts and streaming news are the tools that provide by an free forex demo account. These are important tools in forex trading. With no risk, you can use these tool in free forex demo account to test and evaluate trading strategies under real market conditions. You can have live support 24 hours a day, 7 days a week, 365 days a year free of charge in good forex broker.
Forex broker, yes you do need a forex broker for trading the forex. It takes about three or four minutes to setup free forex demo account through a forex broker, its free and no money involved. In this free forex demo account, forex broker will provide you virtual money, around USD 50,000, that you can used for practice in real forex market. The benefits to have free forex demo account is that you can start to open new accunt and start over after you lose all your fake money in the 1st free forex demo account. Ussually free forex demo account can be used with period of 30 days.
Then you can start real forex trading as little as USD 300, which called mini trading account, after you practice with using free forex demo account. For those who are new to forex trading, a mini trading account is designed for them. It has a less risk since with mini account will lets you trade in smaller contracts size. A good broker will also let you to open free forex demo account at the same time when you open a live mini account. So with this free forex demo account free you can test your strategies as well.
I recommended you to use a free forex demo account until you are very comfortable with forex trading. Since free forex demo account helps me a great deal in forex trading experience.
Free Forex Demo Account – 6 popular online forex brokers.
Below are listed few onlline forex brokers that fulfill above requirements which all of them are offering a free forex demo account.
Free Forex Demo Account – Fxcm
In forex world, fxcm is probably the most recognizable online forex broker. It’s only need USD 25 to open a micro account. A great place for beginners which the proved free tools seminars and online courses. Their free forex demo account is only available on their FX trading station II platform.
Free Forex Demo Account – Easy Forex
Easy forex have been active in the business ever since 1999, they gives customers exceedinly good spreads. Its offer support for main global languages and also base currencis from 12 different countries. Easy forex trading platform is web based, that also for their free forex demo account , with no need to download and installing.
Free Forex Demo Account – Forexyard
Forexyard are niche forex broker that has been in forex business since 2006, It’s a rather well known broker. Forexyard have a strong emphasis on providing excellent customer services to their clients. Forexyard also offer three main types of forex automated accounts, a java based platform and the much live metatrader 4, along with free forex demo account on FX trader.
Free Forex Demo Account – eToro
eToro is a very unique and fascinating forex broker. Rather than using typical forex trading software, they modeled their trading platforms after computer games. Some of their game like trading platforms include a tug of war or a marathon between currencies. In their free forex demo account they also have weekly challenges and the participants can win real cash prices with their demo virtual money.
Free Forex Demo Account – CKfx
CKfx seems to be alright with reasonable spreads across all their currency pairs. They also have the most impressive promotion on the market, which they allowing transferring the profit from their free forex demo account to live accounts. Other information : CKfx is a introducing forex broker for Forexyard.
Free Forex Demo Account – Avafx
Avafx so far have been a solid player in forex market which they started their business in 2006. Ava trader is their trading platform and its available for download after they filling up the form for free forex demo account. They have very impressive promotions as well which all new customers get USD 50 free on their silver accounts. Silver accounts is their smallest accounts.
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