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Free $50,000 MT4 demo account & access to a full suite of FX trading tutorials.

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Using a Forex Demo Account is one of the best ways to become a successful forex trader. It could be the most important thing for you to do before you trade your own money.

You may be asking why use a demo account when you can start using a real live forex account straight away?

While it is understandable that many traders will opt to trade using a live forex account right away, there is merit in using a forex demo account, particularly if you are a beginner trader.

One way to look at forex demo account is to consider it as a test drive – similar to when you’re buying a new car. You go on a test drive to have a ‘feel’ for the new car, to familiarise yourself with its features and to see how you can manoeuvre it in different traffic conditions.

So, just like you won’t buy any vehicle without testing it, it is a great idea to use a forex demo account before you commit real trading capital.

Top 6 benefits of using a Forex Demo Account

Let’s look at the top 6 benefits of using forex demo accounts. These will also help in understanding the proper way to use and the important role of a demo trading account in your trading success.

Get started by opening an account today!

Synergy FX

Smart Traders Choose Synergy FX

Our leading Forex Education Portal comes second to none in the industry.

Your free exclusive membership will give you access to resources that can help you learn forex and will empower you with knowledge to enable you to strengthen your trading skills.

Our global fibre-obtic network servers are configured multi-homed backbone connectivity for extra reliability and outstanding network performance.

Our liquidity comes from 20 global banks, all competing for your order – making for lighting-fast matching and the best pricing at all times.

Our liquidity providers include IS Prime, LMAX and Global Prime.

Given all the benefits of using a demo MT4 trading account, one thing to keep in mind is not all accounts are created equal.

For example, at Synergy FX, when you open your demo you can get instant free access to our exclusive education portal. This provides valuable tools and resources including educational videos, access to forex news and analysis, economic calendar, key market events and forex market data.

Not only do you get access to our full suite of trading resources but you can call upon our team for assistance as well. Everyone on our team are experienced in the Forex markets and can help you trade more confidently and efficiently.

For those of you who would like to setup their demo using a Forex VPS service, we can assist you there as well.

Is a Forex Demo Account for everyone?

Many people think that a forex demo account is only for new traders. But the fact is demo accounts can be helpful to more advanced and active traders as well. A demo is suitable for all investors and traders.

How?

By using demo accounts to test different trading strategies. It is a well-know fact that markets move in different directions. And some markets are more volatile than others.

Professional traders build a handful of trading systems to take advantage of opportunities across different market conditions.

And by using forex demo accounts, they can put their strategies to the test before allocating any capital.

Limitations of a Forex Demo Account

Like the training wheels that are good at the start (when kids were learning to ride a bike) but could be a hindrance to their full potential, there is a time for you as a trader when you need to give up the forex demo account. 

This is because demo accounts have their own limitations. Here are some of the downside of a forex demo account:

The biggest drawback of a demo account is no matter how much you make in a demo account, it’s not your money.

You need a real live trading account to capture trading opportunities which can help grow your account.

Get started and boost your trading success by starting a forex demo account here. If you are ready to start a live trading account, click the Open Live Account button below or give the team a call today on +61 2 8274 2600.

Trusted By Thousands Of Clients

We're regulated and licensed by the Australian Securities and Investments Commission (ASIC). Our Australian Financial Services License (AFSL) number is 403863. ASIC requires licensed financial services providers to meet strict capital requirements and to implement strict internal procedures.

Frequently Asked Questions

Have A Question? Check Out These FAQs

Q2) Do you offer Forex education? +

Absolutely, yes – we have built a comprehensive membership learning centre containing video tutorials, a number of training guides, ebooks and access to webinars. Our training centre one of a kind and available to you for free.

Q3) Are demo and live accounts identical? +

Yes – they’re identical in terms of how they work and the prices they show. The only difference is that trades on demo accounts are executed on our server, while live account trades are executed on the interbank markets. As a result, the fill prices may be slightly different due to the available liquidity on the interbank markets.

Q4) What account types do you offer? +

We offer a Standard Account and an ECN Account, allowing you to choose whichever best suits your trading style.

With our Standard Account you benefit from competitive market pricing, no commission to pay, and a minimum deposit of just $500.

Our ECN account gives you direct access to our tier-1 liquidity providers for some of the tightest spreads in the market. The minimum deposit is $1,000, and we charge a small commission per trade.

We also have an Expert Feed for professional traders who regularly trade in large volumes. Contact us for more information.

Get started by opening an account today!