Best Day Trading Demo Accounts






Having used many demo accounts in recent years, I wanted to create a complete guide to help traders. I share my pick of the best demo trading accounts and answer the most common questions.
The key factors I look at when evaluating demo trading accounts are:
- Does the account have a time limit?
- How much virtual funds are available?
- Does it provide access to a good range of investments?
- Is it easy to sign up and start using the demo trading account?
- Does the demo account accurately simulate live market conditions?
Top 6 Demo Accounts 2025
Based on our latest hands-on tests of their paper trading environments, these are the top day trading demo accounts with easy sign-up requirements:
Why Are These the Best Accounts For Demo Trading?
Here is a short summary of why we think these are the top demo accounts with virtual money:
- Plus500 US has the best free demo account in 2025 - Plus500 is a well-established broker that entered the US market in 2021. Authorized by the CFTC and NFA, it provides futures trading on forex, indices, commodities, cryptocurrencies, and interest rates. With a 10-minute sign-up, a manageable $100 minimum deposit, and a straightforward web platform, Plus500 continues to strengthen its offering for traders in the US.
- NinjaTrader - NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
- Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
- eToro USA - eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.
- FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
- UnitedPips - Operating since 2016 and based in Saint Lucia, UnitedPips is a non-dealing desk broker serving clients in over 137 countries. It specializes in CFD trading across around 80+ assets with high leverage up to 1:1000.
Compare the Best Demo Account Providers In Key Areas
Find the perfect broker providing a virtual trading account for you with our comparison of key features important to aspiring traders:
Broker | Free Demo Account | Demo Instruments | Platforms | Excellent Education | Regulators |
---|---|---|---|---|---|
Plus500 US | ✔ | Futures on Cryptocurrencies, Metals, Agriculture, Forex, Interest rates, Energy, Equity Index future contracts | WebTrader, App | ✔ | CFTC, NFA |
NinjaTrader | ✔ | Forex, Stocks, Options, Commodities, Futures, Crypto | NinjaTrader Desktop, Web & Mobile, eSignal | ✔ | NFA, CFTC |
Interactive Brokers | ✔ | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | ✔ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM |
eToro USA | ✔ | Stocks, Options, ETFs, Crypto | eToro Trading Platform & CopyTrader | ✔ | SEC, FINRA |
FOREX.com | ✔ | Forex, Stocks, Futures, Futures Options | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral | ✔ | NFA, CFTC |
UnitedPips | ✔ | CFDs, Forex, Precious Metals, Crypto | UniTrader | ✘ | IFSA |
How Safe Are These Demo Account Providers?
Demo accounts are safe in that you only trade with virtual money, but find out how these brokers will protect your funds when you upgrade to real-money trading:
Broker | Trust Rating | Guaranteed Stop Loss | Negative Balance Protection | Segregated Accounts |
---|---|---|---|---|
Plus500 US | ✘ | ✘ | ✔ | |
NinjaTrader | ✘ | ✘ | ✘ | |
Interactive Brokers | ✘ | ✔ | ✔ | |
eToro USA | ✘ | ✘ | ✔ | |
FOREX.com | ✘ | ✔ | ✘ | |
UnitedPips | ✘ | ✔ | ✔ |
Compare Mobile Demo Trading
Find out how good these brokers are for trading with virtual funds on mobile and tablet devices:
Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
---|---|---|---|---|
Plus500 US | iOS & Android | ✘ | ||
NinjaTrader | iOS & Android | ✘ | ||
Interactive Brokers | iOS & Android | ✔ | ||
eToro USA | iOS & Android | ✘ | ||
FOREX.com | iOS & Android | ✘ | ||
UnitedPips | Web Access Only | ✘ |
Are the Top Demo Account Brokers Good for Beginners?
Brokers with demo accounts are perfect for beginners, but discover how else they cater to newer traders:
Broker | Demo Account | Minimum Deposit | Minimum Trade | Education Rating | Support Rating |
---|---|---|---|---|---|
Plus500 US | ✔ | $100 | 0.0 Lots | ||
NinjaTrader | ✔ | $0 | 0.01 Lots | ||
Interactive Brokers | ✔ | $0 | $100 | ||
eToro USA | ✔ | $100 | $10 | ||
FOREX.com | ✔ | $100 | 0.01 Lots | ||
UnitedPips | ✔ | $10 | 0.01 Lots |
Compare the Ratings of Top Demo Account Brokers
See how the top brokers with test accounts rate across critical areas following our hands-on tests:
Broker | Trust | Platforms | Assets | Mobile | Fees | Accounts | Research | Education | Support |
---|---|---|---|---|---|---|---|---|---|
Plus500 US | |||||||||
NinjaTrader | |||||||||
Interactive Brokers | |||||||||
eToro USA | |||||||||
FOREX.com | |||||||||
UnitedPips |
How Popular Are These Brokers Offering Practice Trading Accounts?
Many up and coming traders prefer opening paper trading accounts with the most popular brokers, i.e those with the most clients:
Broker | Popularity |
---|---|
Interactive Brokers | |
eToro USA | |
NinjaTrader | |
FOREX.com |
Why Open A Demo Account With Plus500 US?
"Plus500 US stands out as an excellent choice for beginners, offering a very user-friendly platform, low day trading margins, and access to the Futures Academy to enhance trading skills."
Michael MacKenzie, Reviewer
Plus500 US Quick Facts
Bonus Offer | Welcome Deposit Bonus up to $200 |
---|---|
Demo Account | Yes |
Instruments | Futures on Cryptocurrencies, Metals, Agriculture, Forex, Interest rates, Energy, Equity Index future contracts |
Regulator | CFTC, NFA |
Platforms | WebTrader, App |
Minimum Deposit | $100 |
Minimum Trade | 0.0 Lots |
Account Currencies | USD |
Pros
- Plus500 is a publicly traded company with a good reputation, over 24 million traders, and a sponsor of the Chicago Bulls, instilling a sense of trust
- The Futures Academy is an excellent resource for new traders with engaging videos and easy-to-follow articles, while the unlimited demo account is great for testing strategies
- Plus500 US excels for its low fees with very competitive day trading margins and no inactivity fees, live data fees, routing fees, or platform fees
Cons
- Although support response times were fast during tests, there is no telephone assistance
- Plus500 US does not offer social trading capabilities, a feature available at alternatives like eToro US which could strengthen its offering for aspiring traders
- Despite competitive pricing, Plus500 US lacks a discount program for high-volume day traders, a scheme found at brokers like Interactive Brokers
Why Open A Demo Account With NinjaTrader?
"NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."
Tobias Robinson, Reviewer
NinjaTrader Quick Facts
Demo Account | Yes |
---|---|
Instruments | Forex, Stocks, Options, Commodities, Futures, Crypto |
Regulator | NFA, CFTC |
Platforms | NinjaTrader Desktop, Web & Mobile, eSignal |
Minimum Deposit | $0 |
Minimum Trade | 0.01 Lots |
Leverage | 1:50 |
Account Currencies | USD |
Pros
- NinjaTrader is a widely respected and award-winning futures broker and is heavily authorized by the NFA and CFTC
- Low fees are offered, with $50 day trading margins & commissions from $.09 per micro contract
- Traders can get free platform access and trade simulation capabilities in the unlimited demo
Cons
- The premium platform tools come with an extra charge
- There is a withdrawal fee on some funding methods
- Non forex and futures trading requires signing up with partner brokers
Why Open A Demo Account With Interactive Brokers?
"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."
Christian Harris, Reviewer
Interactive Brokers Quick Facts
Demo Account | Yes |
---|---|
Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies |
Regulator | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM |
Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower |
Minimum Deposit | $0 |
Minimum Trade | $100 |
Leverage | 1:50 |
Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF |
Pros
- There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
- IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries, most recently the Saudi Stock Exchange.
- The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.
Cons
- You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
- TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
- Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
Why Open A Demo Account With eToro USA?
"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."
Jemma Grist, Reviewer
eToro USA Quick Facts
Bonus Offer | Invest $100 and get $10 |
---|---|
Demo Account | Yes |
Instruments | Stocks, Options, ETFs, Crypto |
Regulator | SEC, FINRA |
Platforms | eToro Trading Platform & CopyTrader |
Minimum Deposit | $100 |
Minimum Trade | $10 |
Account Currencies | USD |
Pros
- A free demo account means new users and prospective day traders can try the broker risk-free
- The low minimum deposit and straightforward account opening process means beginners can get started quickly
- eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC
Cons
- Average fees may cut into the profit margins of day traders
- There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
- The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools
Why Open A Demo Account With FOREX.com?
"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
Christian Harris, Reviewer
FOREX.com Quick Facts
Bonus Offer | Active Trader Program With A 15% Reduction In Costs |
---|---|
Demo Account | Yes |
Instruments | Forex, Stocks, Futures, Futures Options |
Regulator | NFA, CFTC |
Platforms | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:50 |
Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
Pros
- FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
- There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
- The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
Cons
- FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
- Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
- Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
Why Open A Demo Account With UnitedPips?
"UnitedPips is ideal for traders seeking leveraged trading opportunities, the security of fixed spreads, and the flexibility to deposit, withdraw, and trade cryptocurrencies - all in one sleek TradingView-powered platform."
Christian Harris, Reviewer
UnitedPips Quick Facts
Bonus Offer | 40% Deposit Bonus |
---|---|
Demo Account | Yes |
Instruments | CFDs, Forex, Precious Metals, Crypto |
Regulator | IFSA |
Platforms | UniTrader |
Minimum Deposit | $10 |
Minimum Trade | 0.01 Lots |
Leverage | 1:1000 |
Account Currencies | USD |
Pros
- UnitedPips’ platform performs well, with an intuitive design that will appeal to beginners, while the TradingView integration delivers powerful charting tools without overwhelming users, making it straightforward to execute trades efficiently.
- Although being handed off mid-chat due to shift changes during testing was frustrating, customer support is generally good with quick, helpful responses, and 24/7 support via phone and email for regional teams is a definite advantage.
- UnitedPips offers impressive leverage up to 1:1000 with zero swap fees or commissions, which can enhance potential returns for day traders and swing traders looking to control prominent positions with less capital.
Cons
- UnitedPips' selection of tradable instruments is still minimal, comprising a bare minimum selection of forex, metals and crypto. There are no equities, indices or ETFs, which may be a drawback for experienced traders looking for diverse opportunities.
- Unlike brokers such as IG, UnitedPips is an offshore broker not regulated by any 'green tier' financial authorities, raising concerns for traders seeking assurance and protection under well-established regulatory frameworks.
- UnitedPips lacks comprehensive research, while the educational content for beginner traders is woeful. Compared to brokers like eToro, which offers tutorials, webinars, and advanced courses, UnitedPips offers minimal resources to help new traders understand key concepts.
What Is A Good Demo Trading Account?
Based on my experience testing day trading demo accounts, there are several important factors to consider:
Time Limits
Most online brokers offer access to a demo trading account for up to 30 days. After this, you will normally need to open a real-money account and make a deposit.
However, I prefer brokers that offer unlimited access to demo accounts. These will allow you to continue testing strategies even after you have opened a live account, making them an excellent tool for aspiring traders.
- AvaTrade offers an unlimited demo account with access to MT4, MT5 and its own in-house platform.
Virtual Funds
Having used dozens of demo trading accounts, most brokers offer between $10,000 and $100,000 in virtual funds.
Once you have exhausted this money, you will normally need to open a live account, though some brokers will replenish your bankroll so you can continue practising until the demo account expires.
Importantly, I recommend demo trading in realistic volumes, as this will make the transition to real-money trading easier.
- XM offers $100,000 in virtual funds but can you top up your practice account by contacting customer support.
Trading Instruments
The best demo trading accounts allow you to simulate trading on thousands of instruments spanning popular asset classes, including forex, stocks, indices, commodities and cryptocurrency.
However, the most important thing is to make sure you can practice on the markets you want to trade.
For example, if you want to trade CFDs on the S&P 500, make sure this is available. Equally, if you want to speculate on the EUR/USD, check this is available in demo mode.
- CMC Markets offers one of the largest product portfolios I have seen with over 12,000 instruments, including currency pairs, currency indices, shares, indices, commodities, treasuries, share baskets, and ETFs.
Getting Started
After signing up for multiple demo trading accounts, those with a straightforward sign-up process stand out. In my experience, the best demo trading accounts allow you to register and start trading in less than 5 minutes.
To get started, you will normally need to provide basic contact details, choose your base currency, amount of virtual funds, and trading platform, and agree to the terms and conditions.
You will then be provided with login credentials which you can use to sign into the demo platform.
- XTB offers a demo account that you can sign up for in 2 minutes. I simply had to provide my email, name, phone number and choose my country from a list.
Real Trading Conditions
The best demo trading accounts simulate real market conditions. For me, this means looking for several things.
They should offer live market data and pricing, leverage trading if it’s available in the real-money solution, and access to risk-management tools like stop-loss and take-profit orders. This should help gauge what trading in real-money mode will be like.
That being said, day trading demo accounts cannot fully replicate real-market conditions. For example, in demo mode trades are often executed instantly so you won’t experience the slippage or re-quotes you can see when you trade for real.
Demo trading accounts should also provide access to the same platforms and tools. MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader are among the most popular third-party platforms.
However, I think a demo account is even more important to consider if the broker offers a proprietary platform where you may be unfamiliar with the different features available.
- IC Markets offers demo trading on all three of its platforms; MT4, MT5, and cTrader with pricing conditions that reflect its live accounts.
What Is A Demo Trading Account?
A demo account is a kind of trading simulator, that allows you to practice online trading with a wide range of financial instruments, from stocks, futures, and options to CFDs and cryptocurrencies.
How They Work
Demo accounts are funded with simulated money, allowing you to gain trading experience without risking real capital.
This allows you to craft strategies and build confidence while getting familiar with market conditions.
In addition, they are an effective way to test drive a potential broker and software.
Capabilities
The best demo trading accounts allow you to simulate real trading with the only difference being that you use pretend money.
This way you get the full experience of the markets and the trading platform, without the pressure of risking your actual funds.
- Exploration – Testing different financial markets allows you to get a feel for how they behave while finding the right product for you. Trading stocks will be different to commodities, for example.
- Gain experience – Before you risk real capital, you can practice opening and closing positions, plus applying stops and limits. In addition, you can view margin requirements, as well as track profit and loss.
- Charting – Learn how to interpret and utilize charts, from testing technical indicators to identifying patterns.
- Past performance – You can analyze past performance to correct mistakes and hone your strategy before you put real capital on the line.
- Trading tools – Learn how to interpret and utilize information from news feeds and market data.
- Watchlists – Demo accounts also allow you to identify and monitor financial markets of interest.

Pros And Cons Of Demo Trading Accounts
Pros
- Risk – Because demo accounts are funded with simulated money, mistakes won’t cost you any of your hard-earned capital. In addition, they also allow you to practice day trading while you are still saving for that initial account deposit.
- Price action – The best way to understand price action is to experience it. Stock trading demo accounts, for example, will give you practice reacting to volatile markets and capitalizing on price fluctuations.
- Broker & platform – Online trading with demo accounts is an effective way to test a potential broker and platform. For example, you can check their software has all the charts and tools you need. In addition, do they offer any useful extras, such as trading contests? So, check the overall quality of the broker’s services before you commit real capital.
- Calibration – Demo brokerage accounts are the ideal place to fine-tune your strategy. You can make mistakes and adjustments until your plan is consistent, without losing real capital. Because overtrading, cutting profits short and direction bias are all common mistakes that can prove costly if you don’t make them in practice accounts first.
- Forward testing – Once you have a market and strategy in mind, you can either backtest or forward-test your trading plan. While backtesting can prove useful, it lacks the emotional element. Forward testing enables you to put your plan to trade stocks, for example, into action while battling trading pressures in real time.
- Drawdowns – Regardless of how effective your strategy is, there will be days when the market feels against you. However, investing in a day trading demo account allows you to practice sticking to your plan and perhaps adjusting your position size until things turn around.
Cons
- Execution – Demo accounts often provide better execution than live trading. This is because demo accounts usually fill a market order at the price shown on the screen. However, in a live market, there is slippage. This can result in orders not being filled at the expected price. So, meeting previous profit calculations may prove challenging.
- Increased capital – Normally, demo software allows you to choose how much capital you would like to trade with. As a result, many individuals opt for far more than they will have when they live trade. Greater capital allows for smaller losses to be more easily recouped. You may also find yourself unable to afford the expensive instruments you explored when using demo accounts.
- Spreads – Online forex brokers, for example, often look to impress potential traders with tight spreads in demo accounts. However, in fast-moving markets, in particular, the spread quoted may be far wider.
- Deposits – Although using virtual money, there are some brokers who will require an initial deposit to use their demo accounts. So, this is something to check before you sign up.
- Leverage – Many traders enjoy the increased leverage some brokers offer in demo accounts. Whilst this can result in substantial virtual profits, in live trading it can also lead to significant losses.
- Deal rejection – In demo day trading accounts, trades almost always go through as requested, regardless of certain factors. However, when live trading, price changes between your trade submission and execution can result in rejection. So, be prepared for re-quotes when you upgrade to live trading.
- Trading tools – Free charts and packages you get when you are trading gold in your demo account may well come at an additional cost when you live trade.
- Market movements – Your demo account server may not take into account interest and dividend adjustments, or out-of-hours price movements.
- Emotions – Day trading demo accounts will not expose you to the fear, hope and greed that you may experience when you live trade. The fear of losing your capital can result in costly mistakes. Whilst greed can lead to holding onto a winning position for too long. Unfortunately, you cannot practice controlling these emotions with demo accounts.
- Complacency – Managing risk properly with a practice account is often overlooked. Traders often take more risks than they would if real funds were on the line. This can result in bad habits when you transition to live trading.
- Overtrading – The excitement of trading can cause many with demo accounts to overtrade. After all, why not take that risk when it isn’t real money on the line? This can develop into a habit of overtrading. However, when you move to live trading, you will then need to learn quantity doesn’t always trump quality.
Bottom Line
Demo trading accounts offer a multitude of benefits, from honing a strategy to getting familiar with prospective markets.
However, there are certain limitations, from tackling different emotions to seeing the need for an effective risk management strategy.
But regardless of whether you think using demo accounts is very helpful or not, they remain an effective way to test a potential broker and platform.
FAQ
What Are Demo Trading Accounts?
Demo trading accounts offer a risk-free environment where you can practice trading. They differ from live accounts because they do not use real funds – the broker will provide you with a virtual bankroll. There is no requirement to deposit money.
Which Is The Best Demo Trading Account?
I have listed the best demo trading accounts. These practice accounts offer a straightforward sign-up process, a generous amount of virtual funds to practice trading online, and excellent conditions when you are ready to move to real-money trading.
How Do I Open A Demo Trading Account?
Most demo trading accounts are easy to open. The majority of the time, you will simply have to head over to the broker’s website and fill in a straightforward form.
You will usually be asked for your email address, username, password and location. Often you require no more details than this. Your account login details will then be emailed to you and instructions on the next steps will be given.
You can even find some forex demo accounts that require no registration at all.
Are Demo Trading Accounts Only For Beginners?
Not at all. Demo accounts are also useful for experienced traders looking to develop and test strategies before deploying them in live market conditions.
I find they are particularly useful for brokers with proprietary platforms and in-house tools that you may have not used before.
What Are The Alternatives To Demo Trading?
If you don’t want to use a demo account and are new to trading, I recommend brokers with a low minimum deposit.
The best firms allow you to start trading with a minimum investment of less than $100 with access to high-quality educational materials and training guides.
Recommended Reading
Article Sources
- AvaTrade - Demo Account Details
- XM - Demo Account Details
- CMC Markets - Demo Account Details
- XTB - Demo Account Details
- IC Markets - Demo Account Details
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