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Can anyone suggest me a good trading platform with $500 demo account for practise ?
can anyone suggest me a good trading platform with $500 demo account for practise ?
currently i am using fx solutions
ww.fxsol.co.uk. i believe their spread difference is higher. any help will be appreciated.
over 2 years ago
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over 2 years ago
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Answers (5)
You can open demo account with almost any broker out there and with the amount you want. (usually there is no regulation on practice accounts)
I highly recommend you try several demo account with the amount you want before you open a live account. (get use to your broker spreads, commissions, news ...)
Here is helpful website to assist you choose broker
over 2 years ago
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But all those brokers provide a practise account starting from $100,000,$10,000 and $5000 at the minimum.
I need to find a good account with $500 starting account. I couldn't find any such.
Help me here !!!!!
over 2 years ago
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Dont know yet is there any broker who are able to provide 500$ demo. But for alternative, you can raise your lot size per trade. For example if you are planning to trade $500 in real acc and the lot size is 1 per trade mini lot, then with $10.000 demo balance, you can take 20 lot per trade to keep the ratio stay at 1:500.
The smallest demo balance on my MT4 platform is $3000. So raise the size into 6 lot per trade if you want to keep the ratio.
over 2 years ago
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You should also consider OANDA` S platform.they offer demo accounts with no expiration date,besides on its platform you may add or remove funds from his default initial balance of 100,000 and get the 500 demo account desired. In addition they offer the lower spread so far, 0.09 pip on EUR/USD ( good for scalping).IBFX is another option. they are offering a $50 live account during this month. good tradind platform.
over 2 years ago
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4 days ago
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