Which online forex broker would you recommend to start a free demo account with?
A demo account is a stepping stone to learning the workings of trading platforms in the forex market. A demo account involves the funding of an account with virtual cash. It provides a prospective trader with the dynamic features of the trading platform before jumping directly into the real world.
Benefits of opening a demo account:
- Free access to the forex trading market
- A learning platform for beginners
- Usually free of charge.
- The best way to evaluate the broker is by using the demo account.
These good reasons drive you to open a demo trading account on a particular platform. Some platforms I have tested that gave me a good insight into their performance are Oanda, Turnkey, and FP markets. However, one problem I faced on Oanda's website is that it needs to be simplified. One needs to dig deeper to get what they want. Everything is well and good regarding the demo accounts, and I strongly recommend trying these platforms.