ECN Demo Accounts

Published on 30/09/2023

Compare ECN demo accounts with balances up to US$ 5 million. Test drive platforms and strategies before trading real money.

Brokers we recommend


4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.


4.0 / 5 FXCC

FXCC.com is a regulated offshore broker with an ECN trading environment. Trade CFDs on over 100 instruments with leverage up to 1:500, only on MT4. FXCC allows all trading styles and EAs.


4.1 / 5 RoboForex
58.42% of retail CFD accounts lose money

RoboForex.com is an offshore broker based in and regulated in Belize. Access over 12,000 instruments, including real equities and CFDs on Forex, crypto and oil, from a single platform. We were able to start trading in minutes, without ID verification.


Comparison table

We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:

OverallMarketsTrading environmentDeposits and withdrawalsInvestor protectionCustomer service
FP Markets 4.8 5.0 4.9 5.0 4.0 5.0
FXCC 4.0 4.0 4.2 4.4 3.8 3.8
RoboForex 4.1 5.0 4.5 3.9 3.2 3.8
Forex (CFD)Cryptos (CFD)*Indices (CFD)Metals (CFD)Energy (CFD)Stocks (CFD)ETFs (CFD)Commodities (CFD)Bonds (CFD)
FP Markets 72121617410004652
FXCC 7181262
RoboForex 40331020484001000100
MT4MT5TradingViewcTraderCopy trading
FP Markets
FXCC
RoboForex
Bank transferDebit cardCredit cardBTC (Bitcoin)USDT (Tether)NETELLER *Skrill *Broker to broker transfer
FP Markets
FXCC
RoboForex
AustraliaBelizeCyprus (EU)NevisSouth AfricaSt. Vincent & the Grenadines
FP Markets
FXCC
RoboForex

* Availability is subject to local laws and regulations.

Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.



4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.

  • Likes
  • Flexible leverage up to 1:500.
  • Trade over 1,000 financial instruments.
  • Trade on MT4/5 or cTrader without restrictions.
  • Copy trading service is available.
  • Customer support is available 24/7.
  • Dislikes
  • No TradingView integration is available for now.
  • No investor compensation fund in the event of bankruptcy.
Our take on FP Markets

We've traded through this broker's MT5 Raw account and can vouch for its low spreads and reliable trading environment. Its Raw account is designed for day traders and scalpers, and its Standard account will suit all others.

We also like the breadth of instruments available through its platform. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros and Aussie dollars. You can also go long or short on stocks and government bonds through over 40 ETFs.

Its free educational content also sets it apart from the competition. Fund your account to get access to trading signals from Trading Signal and Autochartist. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.


4.0 / 5 FXCC

FXCC.com is a regulated offshore broker with an ECN trading environment. Trade CFDs on over 100 instruments with leverage up to 1:500, only on MT4. FXCC allows all trading styles and EAs.

  • Likes
  • 100% bonus on your 1st deposit (up to US$2,000).
  • Flexible leverage up to 1:500.
  • All MT4 Expert Advisors are allowed.
  • No fees on deposits.
  • No minimum deposit.
  • Dislikes
  • FXCC only supports MetaTrader 4.
  • Withdrawal fees apply across some, but not all, funding methods.
Our take on FXCC

We particularly like FXCC's high leverage (up to 1:500) available across all currency pairs, gold, silver, stock indices and energy products. It offers negative balance protection, for added peace of mind.

Its MetaTrader 4 integration provides a smooth trading experience, with no lags and only minimal slippage. It accepts all trading styles and Expert Advisors, including scalping robots, without restrictions. We look forward to the day when FXCC will support MT5.

As FXCC offers consistently low spreads, it is possible to enter and exit trades several times a day, to take advantage of even small price swings. Its ECN XL account has no commission. However, FXCC will apply a $5 mark-up per lot, per side, if you open an account through us.


4.1 / 5 RoboForex
58.42% of retail CFD accounts lose money

RoboForex.com is an offshore broker based in and regulated in Belize. Access over 12,000 instruments, including real equities and CFDs on Forex, crypto and oil, from a single platform. We were able to start trading in minutes, without ID verification.

  • Likes
  • Access 12,000 instruments, including real stocks.
  • Start trading in minutes without ID verification.
  • Enjoy negative balance protection.
  • Dislikes
  • RoboForex is only regulated in Belize.
  • Withdrawal fees across most funding methods.
Our take on RoboForex

RoboForex is an offshore broker you should consider, if you're looking for high leverage (up to 1:2000) across a wide range of asset classes.

We were able to open an account and start trading in under 5 minutes, as RoboForex postpones account verification until you raise a withdrawal request. It's free to fund your account, but pay attention to withdrawal fees across most withdrawal methods.

RoboForex accepts all trading styles and EAs on the MetaTrader 4 and 5 platforms. Its trading fees are on par with its competition, and swap fees generally lower. You may also qualify for a complimentary VPS if you trade at least 3 lots per month.

We particularly like its R StocksTrader platform, which allows you to invest in over 12,000 "real" stocks, in addition to CFDs across all other asset classes. If you're a buy-and-hold investor with an interest in stocks, this platform is one you should consider.

How to use your demo account

A demo account is smart way to test a new broker. You'll get a feel for the broker's professionalism and turnaround times within days of opening your account.

We suggest opening demo accounts with several brokers and executing identical trades over a number of days to get a read on spreads and/or commissions. Compare them against your current broker and between one another to see who you the best value for money.

Likewise, a demo account is a good way to test a new trading platform. Look out for charting capabilities, ways to customise your experience and manage your risks. Our reviews call out which platform(s) each broker supports. You'll find that most support MetaTrader 4 and 5, and an increasing number support cTrader and TradingView.

What a demo cannot do for you

However, there is one thing that ECN demo accounts cannot emulate: liquidity. Slippage is part and parcel of ECN trading because you rely on other market participants to hit your orders. The greater the number of participants, the deeper the liquidity and the easier it becomes to trade in and out.

To get a view on liquidity, ask your broker about his liquidity providers. The more liquidity providers he works with and the stronger their balance sheet, the stronger the execution. However, that information rarely is publicly available because it's of a commercial nature.

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Author

About the author

I'm Stéphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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