Forex broker demo account in test and comparison 2022

Forex trading is also an important segment for private traders. In addition to currencies, commodities such as precious metals or energy stocks are traded here. Many providers who make their services available to private traders in this area also have a separate Forex demo account. In the following article we would like to clarify whether these are consistently serious offers.

In our test we found that the demo account of the online brokereToro besonders gut für Einsteiger und deren Anforderungen geeignet ist.

But the demos of the online brokers listed below were also able to convince us.

For Test report 3.0 Pips To the page
To the test report 3,0 Pips To the page
To the review To the page*
To the test report 0.9 Pips To Page

Risk warning: Forex trading also involves risk.

*: 80.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Demo account helps you get started

Wichtige Kriterien

  • Underlyings – Large selection
  • Cost - Replica of real fees
  • Information offer – Training Videos & Academy
  • Courses – Real values ​​in real time

There are many different facets to investing and trading on the stock exchange. Trading on Forex can already be counted as a higher art. In addition to the financial leverage that is on offer, there are different products and trading strategies to choose from. Especially traders who have little or no experience at all are repeatedly recommended to start with a risk-free demo account. In addition to the opportunity to test strategies, traders can also deal with the technology here. Forex trading is often based on technical analysis. Here, too, beginners can familiarize themselves thoroughly with a demo account andtest the selected forex broker first for free.

How can the provider cheat here if it doesn't Is it about money?

Especially inexperienced traders keep asking themselves whether trading via a Forex Broker demo account involves fraud. This question can be answered on two different levels. Since there is of course no real money involved in trading via a demo account, it is also not possible for the trader to lose money. Such fraud is therefore impossible. Nevertheless, seriousness plays an important role. This should ensure that absolutely realistic conditions are offered. In addition to the technical possibilities and the available underlying assets, this also applies to the costs and fees that arise in trading. There are definitely demo accounts that primarily have the purpose of getting beginners to trade with real money as quickly as possible. In addition, they pretend a security and profit opportunities that do not exist. In addition, costs and fees are not shown transparently.

A close look is required

However, it is not always clear for beginners and laypeople to see how high the quality or seriousness of a demo account can be estimated. In concrete terms, various aspects and criteria must be taken into account. First of all, it is decisive whether trading via the Forex Broker demo account is based on real courses. In our tests, we therefore also checked whether deviations had occurred here in the past. In addition, we paid attention to the question of whether all costs that would also occur when trading via a real money account are shown in the context of simulated trading. Only when we were able to determine that these conditions were met was a recommendation made for the corresponding online broker and its demo account. Another category that is of great importance when choosing a reputable and individually suitable online broker is regulation. This can only be assumed for providers who are based in an EU country. Official control ensures that sufficient attention is paid to customer protection.

Conclusion - No direct fraud with Forex demo accounts possible

A demo account is an instrument in which trading with Forex products, i.e. primarily with currencies and raw materials, is only possible with virtual assets is simulated. With a view to possible fraud, the traders cannot do much wrong, since no own credit has to be paid in at first. Nevertheless, traders should take the time to make a thorough selection. Above all, it is important that virtual trading is also carried out realistically. Of course, this is especially true if you want to switch to trading with real money soon. Traders should be able to be sure that they have gained their experience under realistic conditions. There is definitely a risk that dubious providers will convey a embellished picture in which the risks and also certain costs are hidden. In addition, such a dubious approach should also give food for thought with regard to the implementation of real trade. Trustworthy and reputable online brokers, on the other hand, are already convincing when implementing the Forex Broker demo account.

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