MetaTrader 4 Demo Accounts

The MetaTrader 4 is the most renowned forex trading platform in the world, currently offered by the majority of forex brokers. You can read more about the MetaTrader 4 here, and more about the MetaTrader 4 brokers here.

In addition to being one of the best forex trading platforms in the world, MetaTrader also comes with one of the best demo accounts. Keep reading to learn more about the MetaTrader 4 demo account and find out which brokers offer MetaTrader 4 demo accounts, and more importantly which three brokers are the best.

Here Are The Best MetaTrader 4 Demo Accounts

Find the best trading platform. You capital is at risk when trading. Be careful.

Risk Warning:

Your capital will be at risk when using any of the recommended brokers on this page. Never invest money you can’t afford to lose. Using a high leverage can result in big losses. Between 65-89% of retail investors lose money when trading contracts for difference (CFD). Bullmarketz may be compensated by some of the brokers listed on our website.

What is a Demo Account?

A demo account is just like a live trading account with one major difference. Instead of trading using your own real money, a broker provides you with virtual money. This means that you can trade using the MetaTrader 4 completely risk-free, however, since the money is virtual you can’t actually withdraw any of your earnings.

Now, why would you want to trade without risk if you can’t make a profit?

There are two reasons for this. Most people use a MetaTrader 4 demo account to test the MetaTrader 4 platform out and see if it suits them and if they like the platform. It also gives beginners the option of practicing trading before they sign up for a real account.

The second reason people open a MetaTrader 4 demo account is to develop strategies and test new trading techniques. Back in the days, developing investment strategies was a costly affair since you had to risk your own money. However, with a demo account, you can test new strategies under real market conditions and not run the risk of losing anything at all.

As you can see, a MetaTrader 4 demo account is a win-win situation for both beginners and more experienced traders.

Brokers Offering the MetaTrader 4 Demo Account

Before we continue discussing the MetaTrader 4 demo account we want to take the opportunity to list all of the regulated brokers that offer a MetaTrader 4 demo account.

All of the following brokers are completely safe to use with the required licenses and permits. They have also gone through our rigorous evaluation process.

By clicking the links you will get redirected to the review we’ve written about the broker, there you can find out more about the broker’s services, products, and, of course, the MetaTrader 4 demo account.

Top Three Best Brokers Offering MetaTrader 4 Demo Accounts:

The following three brokers are the best MT4 brokers out there, and if you’re looking for a broker, we suggest you start with one of them. However, if you, for any reason, don’t find a match here you can scroll down to our complete list of MT4 demo account brokers.

1. 24Option
Not only is 24Option one of the best MetaTrader 4 demo account brokers, but they are also one of the best CFD and forex brokers in general. Their product is solid in every way, and they have a reputation of being both fair and honest. Also, 24Option is the official sponsor of the Italian football team Juventus which makes 24Option a great broker for all sports fans.

Platform: MetaTrader 4
Demo Account: Yes

Read our 24Option Review

Find the best trading platform. You capital is at risk when trading. Be careful.


2. IG Markets

IG Group – the company that owns and runs IG Markets – is one of the most well-known and established financial institutions in the UK. In addition to offering forex and CFD trading, IG Market also supports spread betting and regular stock trading directly from the exchange. In other words, IG Markets offers a comprehensive trading product with more opportunities than most other brokers.

Furthermore, IG Markets’ main forex trading platform is the MetaTrader 4, and that is how they qualified for this list.

Platform: MetaTrader 4 plus other proprietary software
Demo Account: Yes

Read our IG Markets Review

Find the best trading platform. You capital is at risk when trading. Be careful.


3. Trade.com

With over 2,000 assets, a large number of happy and loyal customers, and the MetaTrader 4, Trade.com is by far one of the best forex brokers today. We always enjoy trading with Trade.com and are confident that you will too. And don’t forget, if you’re not sure if Trade.com is the right match for you, you can always open a Metatrader 4 demo account with them and put the broker to the test.

Platform: MetaTrader 4
Demo Account: Yes

Read our Trade.com Review

Find the best trading platform. You capital is at risk when trading. Be careful.

Risks with using an MT4 Demo Account

At first glance, it might seem completely safe and sound to use a MetaTrader 4 demo account, and in most cases it is. That being said, humans tend to take more risk when trading for “fake money” and demo trading is not the same as real trading. Therefore, you need to be careful when switching from a demo account to your regular trading account so you don’t subject yourself to unnecessary risks. This is especially true for beginners and people that have never traded forex before.