Best MT4 Demo Accounts

Compare MT4 demo accounts with up to $100,000 in virtual funds. Open an account online in minutes to get started.

Brokers we recommend


4.1 / 5 4XC
Trading Forex/CFDs on margin carries a high level of risk.

4xc.com is an offshore broker founded in 2018 by Forex veterans. Trade Forex, metals, oil and stocks with leverage up to 1:500. 4XC accepts all trading styles and Expert Advisors on MT4/5.


4.6 / 5 FxPro
79.28% of retail CFD accounts lose money

FxPro.com is a global broker, winner of 100+ awards including 'Best FX Service Provider' in 2023. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles.


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.


Other brokers:

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
4XC 4.1 3.8 4.4 4.5 3.0 4.7
FxPro 4.6 4.1 4.9 4.6 4.8 4.7
FXCC 4.0 4.0 4.2 4.4 3.8 3.8
Exness 4.3 3.8 4.0 5.0 3.8 4.7
LiteFinance 3.9 4.0 4.4 4.2 2.0 4.7
RoboForex 4.1 5.0 4.5 3.9 3.2 3.8
JustMarkets 4.0 3.9 4.5 4.8 4.5 2.3
Forex (CFD)Cryptos (CFD)*Stocks (CFD)Indices (CFD)Metals (CFD)Energy (CFD)Commodities (CFD)ETFs (CFD)
4XC 6051122
FxPro 702713718844
FXCC 7181262
Exness 9611981043
LiteFinance 576313515535
RoboForex 40338400102041001000
JustMarkets 61141651373
Bank transferCredit cardDebit cardBTC (Bitcoin)USDT (Tether)NETELLER *Skrill *Binance PayBroker to broker transfer
4XC
FxPro
FXCC
Exness
LiteFinance
RoboForex
JustMarkets
BahamasBelizeCook IslandsCyprus (EU)NevisSeychellesSouth AfricaSt. Vincent & the GrenadinesUK
4XC
FxPro
FXCC
Exness
LiteFinance
RoboForex
JustMarkets

* 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.



4.1 / 5 4XC
Trading Forex/CFDs on margin carries a high level of risk.

4xc.com is an offshore broker founded in 2018 by Forex veterans. Trade Forex, metals, oil and stocks with leverage up to 1:500. 4XC accepts all trading styles and Expert Advisors on MT4/5.

  • Likes
  • Enjoy flexible leverage up to 1:500.
  • Choose between MetaTrader 4 and 5.
  • All trading styles and Expert Advisors are allowed.
  • Fast execution speeds from its London data-centre.
  • Dislikes
  • Negative balance protection is only available across Forex and precious metals.
  • 4XC is regulated in the Cook Islands, a country without an investor compensation fund.
Our take on 4XC

From the outset, 4XC has offered high leverage (up to 1:500) across Forex, gold and silver. It accepts all trading styles on MT4/5 without restrictions. Alternatively, you may open a PAMM account or a copy trading account.

Its customer service agents, available 6 days a week, have always been friendly and professional. So it's perhaps no surprise that 4XC has received several awards commending the quality of its customer service team.

Overall, we would recommend 4XC to anyone looking for a trustworthy broker, especially if you are primarily interest in trading Forex or precious metals on high leverage.


4.6 / 5 FxPro
79.28% of retail CFD accounts lose money

FxPro.com is a global broker, winner of 100+ awards including 'Best FX Service Provider' in 2023. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles.

  • Likes
  • CFDs on 250+ instruments.
  • FxPro accepts all trading styles on MT4/5 and cTrader.
  • Trade on fixed or floating spreads, with or without commission.
  • Many deposit methods, including crypto and broker-to-broker transfers.
  • Get daily trading signals from Trading Central.
  • Dislikes
  • You cannot trade CFDs on ETFs or government bonds.
  • Copy trading isn't available.
Our take on FxPro

It's hard to find fault with FxPro, a broker with a 20-year track record. We've traded through FxPro's Raw account and enjoy the razor-thin floating spreads and low commissions. This account, which comes with a $1,000 minimum deposit, will appeal to experienced traders.

If you're new to trading, you could also open a Standard account with a low $100 deposit. You'll enjoy a more predictable trading environment with fixed, albeit wider, spreads. In short, FxPro is a platform you can grow into as you gain experience.

The educational content available on FxPro.com also caught our attention. You'll find learning paths for both beginners and advanced users, in the form of online courses, video tutorials and webinars.


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.


4.3 / 5 Exness
Trading in CFDs carries a high level of risk thus may not be appropriate for all investors.

Exness.com is an offshore broker trusted by over 500,000 active clients. Trade Forex, crypto, commodities, stocks and indices on MetaTrader 4 or 5 with unlimited leverage (conditions apply).

  • Likes
  • Low and stable spreads.
  • No swap charges across most FX pairs.
  • Unlimited leverage on MetaTrader 4 and 5 (conditions apply).
  • Withdrawals processed instantly in a wide range of currencies.
  • Negative balance protection is available.
  • Dislikes
  • No access to a compensation fund in the event of bankruptcy.
  • No CFDs on agricultural commodities, ETFs or government bonds.
Our take on Exness

Once you start trading with Exness, you soon understand why this broker is trusted by over 500,000 active clients. We traded through its MT5 Standard account with spreads from just 0.3 pips. Most instruments have no swap charges at all, which makes it easy to estimate how profitable each trade could be.

You'll find a wide range of instruments through its platform. These include over 100 currency pairs, crypto, U.S. stocks, global indices and commodities. The gold and silver crosses against the euro, the British Pound and the Aussie dollar will appeal to gold bugs.

Its web trading platform, built around TradingView charts, is sleek. If you're into technical analysis, you'll be able to customise charts with over 100 indicators and save them for later. Visit Exness to create an account and see for yourself what this broker has to offer.


3.9 / 5 LiteFinance
83% of retail CFD accounts lose money

Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through LiteFinance.com. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your balance.

  • Likes
  • All trading strategies are allowed.
  • Get free daily technical and fundamental analysis.
  • Receive up to 2.5% interest on used funds.
  • Copy trading accounts are also available.
  • Dislikes
  • Withdrawals fees are somewhat high, especially card withdrawals.
Our take on LiteFinance

We have been trading through LiteFinance's ECN account for over 3 years on raw spreads plus a commission of $5 per lot, per side, and we enjoy its unrestricted trading environment.

Their customer service team is responsive, even on weekends. Our withdrawals have always been processed as quickly as possible. However, their withdrawal fees are a bit high, especially card withdrawals.

LiteFinance publishes a lot of educational content in the form of webinars and articles on its blog, often focused on technical analysis. However, you might find yourself lost if you are new to trading.


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.


4.0 / 5 JustMarkets
Your capital is at risk.

Trade CFDs on over 250 instruments with high leverage through JustMarkets.com. JustMarkets accepts all trading styles and Expert Advisors on MetaTrader 4 and 5. It provides a good trading environment, but customer support is underwhelming.

  • Likes
  • Flexible leverage up to 1:3000.
  • All trading strategies and EAs are allowed on MT4/5.
  • You can also trade on raw spreads, plus commission.
  • No fees on deposits or withdrawals.
  • Dislikes
  • No access to an investor compensation fund as this broker is incorporated in the Seychelles.
  • Withdrawals can go missing.
  • Customer support is underwhelming.
Our take on JustMarkets

JustMarkets offers trading accounts for traders both new and experienced. Its Standard and Standard Cent accounts, designed with beginners in mind, have a low US$10 minimum deposit. Its Pro and Raw Spread accounts will appeal to day traders and scalpers.

With JustMarkets, you can open a trading account in USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and even ZAR. If possible, open a trading account in your currency to avoid currency conversion fees. Notably, JustMarkets charges no fees on deposits or withdrawals.

Our withdrawals have generally been processed swiftly. However, our first bank withdrawal took several weeks because of an error by its payment provider. During that period, customer support was slow to respond and acknowledge the underlying problem.

Advantages of a demo account

If you're new to Forex, a demo account will help you learn to trade, without putting your capital at risk. Hone your skills and gain confidence in your abilities in your own time. If you're looking for learning material, check our trading books section for free PDFs that touch on technical analysis, fundamental analysis and trading psychology.

And if you're an experienced trader, a demo account could help you test a new trading strategy with virtual money. However, we'd like to call out that you could use MetaTrader 4's built-in Strategy Tester to assess and optimise Expert Advisors against historical data, without having to open a demo account.

Last but not least, you could use a demo account to test-drive your future broker's platform before making your first deposit. All the brokers featured in this article provide the same features in their demo account, as they do in their real-money account.

Disadvantages of a demo account

Demo accounts are simulations, no matter how closely they aim to replicate live trading conditions. You're unlikely to ever experience price quirks such as gapping or slippage in a demo environment. Yet these often make trading significantly more challenging.

Importantly, a demo account will remove emotions of fear and greed that you'll experience when trading with real money. Yet, these emotions can often get in the way of successful trades, by prompting you to exit loss-making positions early, or chase assets whose price has risen too far, too fast. That's why some traders recommend learning to trade with a real-money account, even if this means trading small sizes initially.

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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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