What is a forex demo account?

When used as an educational tool, a forex demo account gives novices a risk-free start to trading in the forex market. In addition, strategies can be put to the test without assuming any risk, all in real time trading situations.

Is trading in a demo account worth it?

In addition, strategies can be put to the test without assuming any risk, all in real time trading situations. Overall, trading in a demo account offers a great service to novices that would otherwise have to learn using, and probably losing, real money.

What is the difference between a demo account and a live account?

The primary difference between a demo account and a live trading account is that there is no capital at risk when trading in a FOREX.com demo account. FOREX.com’s demo/practice account is a core element of our educational effort.

What is an Ig demo account?

You’ll often see demo accounts described as ‘paper trading’, which is the term to describe simulated securities trading. However, with an IG demo trading account, you’ll gain access to over 80 FX pairs. * "Award-winning" is based on the ForexBrokers.com 2023 Annual Review.