Best Forex brokers with demo accounts that do not expire

Demo Account is a perfect opportunity for beginner traders to try out the services of the broker in advance without putting their finances at risk. It is often useful for experienced traders for testing their new strategies, as well. In any case, a demo account is something that every Forex trader uses and values. It comes without any costs and is a free way to simulate trading under real market conditions.

However, Demo accounts come with certain restrictions. One of the main drawbacks is the fact that usually, they operate for a limited time or limited funds available. Most of the free demo accounts operate for 14, 21, or 28 days. A Few of them might even offer free demo account for two months. But, it is not common to come across a broker with a Forex demo account no time limit. Lately, as more and more people appeared who decided to enter the realm of Forex the concept of unlimited trading on a demo account came into demand.

Unlimited Forex demo accounts are helpful for those people who otherwise have no time to spend several hours a day learning how to trade Forex. Hence, for many beginner traders, 3 or 4 weeks are not enough to gain enough experience in trading to switch to real trading accounts. But, it can be very difficult to find unlimited demo account alternatives on the market as there is a maximum of few dozen brokers that actually provide them. We will be covering the best Forex brokers who offer free Forex demo account with flexible or no time limit, at all.

 Register for unlimited demo experience at Plus500

List of the best brokers with free Forex demo accounts

Most of the Forex brokers that you will encounter in the list below are the leading brokerage companies worldwide. All of them are regulated by top-tier financial market regulators and operate in multiple jurisdictions. Therefore, you do not need to worry about the accessibility of their services no matter where you live. Moreover, the majority of them have flexible minimum deposit requirements usually starting at 5 US dollars in case you decide to switch to a real trading account with them. Find the complete list of the Forex brokers offering flexible or unlimited demo accounts below.

XM Group

XM Forex Review

Minimum deposit

5$

Regulation

CySEC, FCA, ASIC

Bonus

30$, 50%+20%

Maximum leverage

1:1000

Year founded

2009

Trading platform

MT4, MT5, WebTrader

AvaTrade

Review of AvaTrade – Broker with over 15 years of experience

Minimum deposit

$100

Regulation

CySEC, CBI, FSA, FFAJ, BVI FSC, FSCA, FSRA

Bonus

Maximum leverage

1:400

Year founded

2006

Trading platform

MT4, MT5, WebTrader, AvaTradeGO

SAXO Bank

SAXO Bank Forex Review

Minimum deposit

USD 5,000

Regulation

FINMA, FCA, ASIC, FSA, MAS, AFM

Bonus

N/A

Maximum leverage

1:30

Year founded

1992

Trading platform

SaxoTraderGo, SaxoTraderPro

HotForex

HotForex Review – Trade 1,000+ of Symbols with this Broker

Minimum deposit

$5

Regulation

SVGFSA, FCA, DFSA, FSCA, FSA

Bonus

From 30% to 100%

Maximum leverage

1:1000

Year founded

2010

Trading platform

MT4, MT5

ForexMart

ForexMart Review – High-class trading experience

Minimum deposit

15

Regulation

CySEC

Bonus

30%

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4, WebTrader

CM Trading

CM Trading FX broker review – Is it legit?

Minimum deposit

$250

Regulation

FSCA

Bonus

Maximum leverage

1:200

Year founded

2012

Trading platform

MT4, WebTrader

Plus500

Plus500 Review

Minimum deposit

100$

Regulation

FCA

Bonus

N/A

Maximum leverage

30:1

Year founded

2008

Trading platform

Custom

IQ Option

An in-depth IQ Option Review of fees, opportunities and more

Minimum deposit

$10

Regulation

Risk Warning: YOUR CAPITAL MIGHT BE AT RISK

Bonus

N/A

Maximum leverage

1:1000

Year founded

2013

Trading platform

Proprietary

Exness

Exness Broker Review – Should You Trade With It?

Minimum deposit

10 USD

Regulation

FCA, CySEC, FSA

Bonus

N/A

Maximum leverage

1:Unlimited

Year founded

2008

Trading platform

MT4, MT5, WebTerminal

OspreyFX

OspreyFX review – regulations, features and possibility of OspreyFX scam

Minimum deposit

$10

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2019

Trading platform

MT4, custom

EagleFX

EagleFX review – Start trading with safe and secure broker

Minimum deposit

$10

Regulation

Bonus

Maximum leverage

1:500

Year founded

Trading platform

MT4

Forex.com

Forex.com Review

Minimum deposit

250$

Regulation

FCA, NFA

Bonus

N/A

Maximum leverage

200:1

Year founded

1999

Trading platform

MT4

easyMarkets

Can You Trust easyMarkets? There Are Things You Need To Know

Minimum deposit

$25

Regulation

ASIC, CySEC, FSA, BVI

Bonus

50%

Maximum leverage

1:400

Year founded

2001

Trading platform

WebTrader, MT4, TradingView

HYCM

Can you trust HYCM Forex broker? What you need to know?

Minimum deposit

100

Regulation

FCA, CySEC, DIFC, CIMA

Bonus

N/A

Maximum leverage

500:1

Year founded

1977

Trading platform

MT4, MT5

FPMarkets

Is FPMarkets reliable broker? Is it licensed to trade?

Minimum deposit

$100 AUD

Regulation

ASIC

Bonus

N/A

Maximum leverage

500:1

Year founded

2005

Trading platform

WebTrader, MT4, MT5, IRESS

Pepperstone

Pepperstone FX Broker – Everything You Need To Know About This Broker?

Minimum deposit

AUD$200

Regulation

ASIC, SCB, CMA, CySEC, FCA, BaFin and DFSA

Bonus

N/A

Maximum leverage

1:400

Year founded

2010

Trading platform

MT4, MT5, cTrader, TradingView

FXRoad

Review of FXRoad – Broker with Superior Islamic Accounts

Minimum deposit

250 EUR

Regulation

FSA (Seychelles)

Bonus

None

Maximum leverage

1:200

Year founded

2023

Trading platform

FXRoad web & mobile platforms

IMGFX

IMGFX Broker Review – Your Best Trading Experience

Minimum deposit

$50

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4

FXOpen

FXOpen Review – The most experienced broker

Minimum deposit

1 USD

Regulation

ASIC, FCA

Bonus

10 USD

Maximum leverage

1:500

Year founded

2005

Trading platform

MT4, MT5, WebTrader

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Free Forex demo account for beginners

Most frequent users of Forex demo accounts are actually beginner traders. Even if you acquire extensive theoretical knowledge in trading currency pairs or other securities, in practice it will look completely different. Moreover, it is not recommended to start trading immediately with real money if you have no practical experience whatsoever. That is why Forex demo accounts for beginners are not only helpful but crucial as well. Demo accounts are found with almost every single Forex broker operating on the market free of charge. However, many of them will usually be strictly limited in time or in funds available.

Benefits of demo accounts for beginners

Demo accounts present numerous advantages and benefits for beginner Forex traders. Below are the most important features of these accounts:

  • Risk-free trading experience
  • Multiple attempts to enter the market
  • No real losses
  • Opportunity to try out various strategies
  • Learning and observing the real market
  • Testing the platforms, prices, and features of the broker
  • Designing your own trading style and choosing a strategy

 Free demo account with no time limit – Plus500

Broker platform where MT4 demo account does not expire

free forex demo accountsThe most popular demo accounts are MetaTrader 4 accounts. MetaTrader 4 is the number one trading platform in the world, especially for trading currency pairs. MT4 was designed to specifically suit the needs and requirements of Forex traders. That is why demo accounts with MT4 accessibility are in high demand. Compared to proprietary platform demo accounts, MetaTrader 4 demo has several advantages.

With MetaTrader 4 demo accounts you get a live version of the original MetaTrader software that you can download and run on your desktop. You will be accessing several trading windows and hundreds of financial markets to choose from. There are no restrictions, therefore, you can trade commodities, currency pairs, indices, or cryptocurrencies on MT4 demo accounts. Furthermore, you will be receiving free add-ons and indicators that come with the real trading accounts. Usually, you will have limited access to the indicators, however, you can use pivot points, order history, and the Renko indicator. Common add-ons that come with the MT4 demo account Forex are mini terminals, stealth orders, and alarm managers.  You can use them to customize your trading platform fully.

Best Forex trading demo account without limits

As we previously mentioned it is very rare to find a broker with an unlimited demo account option. Firstly, it would mean that the customer has a chance to never open a real trading account with a broker and never deposit money since instead he or she can just enjoy demo account services forever. Therefore, many brokers are afraid to miss on profits and that is why they limit their demo accounts. However, some brokers know that all demo traders realize that without opening a real trading account they will never generate any income through trading. Hence, trading using a demo account till the end of your life would simply look like a PC game that you enjoy playing. One of the brokers that decided to provide a Forex demo account no time limit and no funds limit is Plus500.

Plus500 unlimited demo account

mt4 demo account does not expirePlus500 is a famous Forex broker, which is considered to be one of the most reliable brokers. The broker offers unlimited demo account services to all of its clients. New registering users have a chance to open a demo account without time limits or available fund limits. It means that after opening the account will not expire. In case traders run out of money on demo accounts, the broker will automatically re-fill the account balance. As soon as the balance of a trader drops below 200 EUR the system will automatically credit the virtual money to the demo account. The available virtual funds on the demo account Forex of Plus500 is 40,000 EUR. Furthermore, the demo account users will get free educational resources from the broker such as video tutorials and guides on the basics of Forex trading.

FAQs on Unlimited Demo Accounts

Do Forex demo accounts expire?

Most of the Forex demo accounts expire. Their time limits will vary between 14 to 28 days. The majority of the top Forex brokers will provide free Forex demo accounts that will operate for a maximum of a month. Afterward, traders have to either stop using the broker’s platform at all or open a real trading account. There are very few exceptions when brokers offer unlimited demo accounts for Forex traders.

Do MT4 demo accounts expire?

Yes. MT4 demo accounts similar to any other demo account will expire with most of the brokers. The average time limit for MT4 demo accounts ranges between 2 to 4 weeks. MT4 demo accounts are simulations of a real trading account with virtual money and the real properties, features, indicators, and add-ons of the original MetaTrader 4 accounts.

Which is the best Forex demo account?

Plus500 offers the best free Forex demo account with no expiry date. Plus500 traders can switch to a demo account whenever they like and trade with virtual money for unlimited time. New registering users can also start trading on MT4 demo accounts with the broker that does not expire. Furthermore, they will have unlimited trading funds available, as well.

Is Plus500 demo account free?

Yes, the Plus500 demo account is completely free. Furthermore, it is available to not only new registering users but the existing customers of the broker, as well. If you already hold a real trading account with Plus500, you still can switch to a demo account at any time in order to test out new strategies or start trading with different securities and assets.

What is a Plus 500 demo account?

Plus500 demo account is a virtual Forex trading account simulating the real market conditions and live account benefits. Plus500 MT4 demo account does not expire which is one of the greatest features of the broker. Traders can access hundreds of financial instruments on the demo account with available virtual funds of 40,000 EUR. However, as soon as the demo trader’s balance drops below 200 EUR the system will automatically re-fill the account balance back to 40,000 EUR. Plus500 clients can have their free demo account as long as they like, the account will never be closed by the broker.