Logo demo account

Your expert
Krisztián G.
Fact checked by
Tamás D.
3d ago
Personally tested

Does provide a demo account?

If you're just getting started in the trading game, using a demo or virtual account is pretty much mandatory before putting any real money on the line. We put under our microscope and examined whether they give you the opportunity to practice and get comfortable through a legit demo platform.

Great news, demo accounts are available at Read on to find out details about these paper accounts at and take a look at key fees and services they provide.

Opening a demo account at is straightforward
Krisztián Gátonyi
Forex • Market Analysis • Algo Trading

I did some heavy duty testing and analysis of the services of with our analyst team by opening a real-money account with them. We put their account opening process under the microscope and these were our most important findings on using a demo account with them:

  • You can open a free demo account at just as you would open a trading account.

  • Fees charged by are High. Read on to see the quality of their educational materials.

  • Visit our comprehensive review for 2024 for the full scoop on their services and fees.

BrokerChooser score
3.9 3.9 /5
Visit broker
74.2% of retail CFD accounts lose money

Opening a demo account at

One of the smartest moves you can make as a new trader is taking advantage of a broker's demo account, also called paper trading. It allows you to paper trade with virtual funds until you get the hang of analyzing the markets, placing orders, testing strategies - the whole nine yards. All without that looming fear of accidentally blowing up your entire bankroll while you're still green.

If you sign up for the demo account, - which by the way is free of charge - you will get acquainted with their trading software and platform setup in a completely risk-free environment. You can click around, experiment with different order types, play around with charts and tools - basically get a feel for their whole trading ecosystem before you dip your toes in the live markets.

When it comes to setting up a demo account, brokers typically give you two options. You can simply sign up for their demo platform right from the jump without opening a full-fledged live trading account first. Pretty seamless process usually. You provide some basic personal info, maybe proof of ID, and bam - you've got demo access to their trading platform.

Option number two requires an extra step. With some brokers, you actually have to open up a legitimate cash trading account with them first before you can activate the demo mode. So you'll go through the entire account opening process - providing MORE detailed personal/financial info, doing things like KYC checks, funding the account with real money, etc. And only once that full trading account is approved and operational can you then flip the switch to set up their demo platform.

Account opening interface at

Fees and service quality at

The fees that a broker charges for using their services are actually a big deal. Why? These fees are like an airline's baggage costs. If you are a frequent flyer, those baggage fees can really start nickel-and-diming you if you're not careful. The same principle applies to trading fees from your broker; the commissions, financing rates, custody fees, or inactivity fees, can start feeling like a million tiny little termites slowly nibbling away at your potential profits.

So our analyst team did some heavy duty testing and analysis of's services to give you the full insider scoop. We went all-in by actually opening up a legit, real-money trading account, testing their services from account opening to customer service to actual trading. After going through the trenches as actual clients, here is a rundown of their most important fees and services. in a nutshell: is a brand of, a global CFD and forex broker regulated by the UK's FCA, Australia's ASIC, CySEC in Cyprus, and South Africa's FSCA, among others. fees and service highlights fees class High S&P 500 CFD spread 1.0 withdrawal fee $0
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Ideal, Sofort
Minimum deposit $100
Platform tutorial videos Yes
Quality educational texts Yes
Webinars Yes

Get to know and discover the best brokers for beginners

If you want the completely unfiltered truth about, you gotta check out BrokerChooser's deep-dive review for 2024. Our team goes to the deepest depths to analyze from every conceivable angle, scrutinizing nearly 600 individual data points on the broker.

We dive headfirst into the actual experience as real traders, open up legitimate trading accounts and execute live trades on their platforms.You know why? Because there's no better way to truly understand how a broker operates than by being an actual customer going through the trenches.

Alternatively, take a look at this ranking of the best brokers for beginners, put together by our analyst crew. This roundup is based on deep, extensive research into what makes a broker truly beginner-friendly. Discover how stacks up against these best in class online brokers.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Further reading

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author image
Krisztián Gátonyi
Author of this article
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
Media mentions
Visit 74.2% of retail CFD accounts lose money
I'd like to trade with...