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WikiFX Ranking: Top 5 Forex Demo Accounts For October 2022
Abstract：Not all forex traders in the market are sophisticated. Many inexperienced traders and newbies are more likely to lose money when they trade forex. Therefore, demo accounts are important for people to practice before proceeding to real forex trading.
About forex Demo Account
As more and more forex brokers in todays forex markets offer demo accounts, trading with a forex demo account is a good way to evaluate a forex broker without making a deposit. It also can assist you in learning how to trade forex profitably without worrying about the loss.
Read on to view my selected shortlist of the best Forex demo account brokers below, and tips on how to pick the best demo account and get the most out of it.
FOREX.com is a solid and regulated broker with a WikiFX score of 9.35/10.
FOREX.com offers excellent Forex Demo Account for all traders, including Professional Traders. FOREX.com is an advocate of the best trading robots and EAs, so this is a good platform to try out a new automated system. Forex.coms automatic trading system is relatively mature. It is a good platform for traders to try out a new automated system.
FXCM WikiFX Score 9.33
FXCM is an online forex broker providing forex demo accounts for spread betting.It‘s an ideal way to become acquainted with FXCM’s cutting-edge trading infrastructure. Demo trading accurately simulates live market conditions and is risk-free.
The advantage of FXCMs demo account:
Live buy&sell prices
£50,000 of virtual money
Trade online, 24-hours a day, 5 days a week
AvaTrade WikiFX Score 9.22
As a reputable forex and CFD trading platform, AvaTrade has the trading experience of over 12 years. It is a solid broker with regulation in 6 jurisdictions. You can download AvaTrades app on your mobile phone. Then you can trade with demo funds directly from the palm of your hands. You can also access your demo account online. AvaTrade offers its own native platform, as well as support for MT4/5.
FXTM WikiFX Score 8.86
FXTM is a global broker specializing in CFDs and FX and was established in 2011. The FXTM Demo account is risk-free and mimics their live traders accounts perfectly. The FXTM demo account can help you practice before you enter the real FXTM live account.
FP Markets WikiFX Score 8.49
FP Markets is a regulated broker with a high WikiFX score. It was established in 2005 and the company offers excellent free demo account. However, it is time-limited. Your demo account will only be available for 30 days once you set it up.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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The 5%ers Review: Is it a Scam or Legit? Find Out from These Trader Comments
Did you face reduced leverage and hiked fees without any explanation from The 5%ers broker? Do you find The 5%er rules strange for getting a funded account from this prop trading firm? Has the broker closed your trade inappropriately, preventing you from making gains in the forex market? All these allegations have dominated The 5%ers review segment online. Looking at this, the WikiFX team investigated and found some startling comments against the broker. In this article, we have shared those complaints. Read on!
Original 9h
BROKSTOCK Exposed: Traders Report Login Errors, Withdrawal Issues & Incompetent Customer Support
Is your BROKSTOCK trading account full of inefficiencies? Do the recurrent BROKSTOCK login errors prevent you from opening and shorting positions at a favorable price? Has the broker failed to honor your withdrawal requests? Do you face order execution price issues? Has the customer support service failed to resolve your queries? You are not alone! In this BROKSTOCK review article, we have shared some complaints that need a close introspection. Read on to explore them.
Original 10h
OmegaPro Review: Traders Flood Comment Sections with Withdrawal Denials & Scam Complaints
Has your deposit and withdrawal scenario worsened after the initial good experience at OmegaPro, a UK-based forex broker? Does the broker ask you to invest when withdrawing your funds? Did the broker officials trap you with their false promises of compound interest on your deposit? Have you found it impossible to transfer funds from your OmegaPro login to another broker’s account? Do you witness a lack of support when dealing with these unfortunate trading circumstances? These are no longer isolated complaints — they have allegedly become the reason for OmegaPro’s tarnished trust and reputation within the trading community. Read on as we share the OmegaPro review in this article.
Original 13h
Inzo Broker Review 2025: A Complete Look at Features, Costs and User Claims
Inzo Broker presents itself as a modern forex and CFD broker, started in 2021 and registered in Saint Vincent and the Grenadines. At first glance, it offers an attractive package for traders: access to the popular MetaTrader 5 (MT5) and cTrader platforms, different types of accounts for various budget levels, and a wide selection of assets to trade. These features are made to attract both new and experienced traders. However, a closer look shows a big difference between these advertised benefits and the real risks. The broker works under an offshore regulatory system, which gives limited protection to investors. More importantly, Inzo has collected many serious user complaints, especially about withdrawing funds and changing trading conditions unfairly. This mix of weak oversight and serious user claims creates a high-risk situation that potential clients must carefully think about. This review will break down these parts to give a clear, fact-based view.
Original 13h
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