Best Forex Demo Account Metatrader 4 in 2025

Looking for the best forex demo account for MetaTrader 4 (MT4)? You’re in the right place! A demo account is your ticket to practicing forex trading without risking real money, and MT4 is one of the most popular platforms for traders worldwide. In this guide, I’ll walk you through the top MT4 demo accounts for 2025, why they stand out, and how to choose the one that fits your needs. Let’s dive in!

Top 4 Best Forex Brokers

1️⃣ Exness: Open An Account or Visit Brokers 🏆

2️⃣ XM: Open An Account or Visit Brokers 💥

3️⃣ JustMarkets: Open An Account or Visit Brokers ✅

4️⃣ Quotex: Open An Account or Visit Brokers 🌐

Why Use a MetaTrader 4 Demo Account?

Before we get to the list, let’s talk about why a demo account on MT4 is a game-changer. MT4 is loved for its user-friendly interface, powerful charting tools, and support for automated trading through Expert Advisors (EAs). A demo account lets you:

Practice risk-free: Trade with virtual funds to test strategies without losing a dime.
Master the platform: Get comfortable with MT4’s tools, from technical indicators to order execution.
Simulate real markets: Experience live market conditions, minus the financial risk.
Test strategies: Try out new trading ideas or EAs to see what works.

The catch? Not all demo accounts are created equal. Some brokers offer limited features, short expiration periods, or unrealistic trading conditions. That’s why I’ve rounded up the best MT4 demo accounts based on their features, reliability, and user experience.

Top 5 Forex Demo Accounts for MetaTrader 4 in 2025

Here are my top picks for MT4 demo accounts that give you the best bang for your buck (or no bucks, since they’re free!).

Exness: Best Overall for MT4 Demo Trading

Exness takes the crown for its lightning-fast execution, customizable options, and realistic trading environment. It’s a top pick for beginners and pros alike.

· Virtual Funds: $10,000 by default, fully customizable via the Exness Personal Area.Expiration: Unlimited for active accounts; expires after 30 days of inactivity.Features: Trade over 200 instruments, including 100+ forex pairs, metals, cryptocurrencies, stocks, indices, and energies. Full MT4 functionality with 30+ indicators, 23 analytical objects, EAs, and copy trading.Why It’s Great: Exness offers spreads from 0.0 pips on Pro and Zero accounts, execution speeds as fast as 0.01 seconds, and a demo that mirrors live trading conditions. You can test different account types (Standard, Pro, Zero) to match your style. Regulated by FCA, CySEC, and FSCA, Exness ensures trust and transparency.Bonus: Access to webinars, tutorials, and instant withdrawals for live accounts, making the switch from demo to live seamless.

Who It’s For: Traders of all levels who want a fast, flexible, and realistic MT4 demo with a trusted broker.

✅ Trade with Exness now: Open An Account or Visit Brokers 👈

2. IC Markets: Best for Scalpers and High-Frequency Traders

IC Markets is a favorite among serious traders, and their MT4 demo account is a gem for those who love fast execution and low costs.

Virtual Funds: Customizable, typically starting at $50,000.
Expiration: Non-expiring as long as you stay active (expires after 30 days of inactivity).
Features: Trade CFDs on forex, commodities, indices, stocks, and metals. Full MT4 functionality, including EAs and copy trading.
Why It’s Great: IC Markets offers raw spread accounts with spreads starting at 0.6 pips and lightning-fast execution (0.019 seconds on average). Their demo account is regulated by ASIC and CySEC, ensuring a trustworthy experience.
Bonus: You can test their Standard or Raw Spread accounts to see which suits your style.

Who It’s For: Scalpers and day traders who need a demo account that replicates live market conditions with minimal slippage.

3. Forex.com: Best for Beginners

FOREX.com is a household name in forex trading, and their MT4 demo account is perfect for those just starting out.

Virtual Funds: $50,000 in virtual funds.
Expiration: 30 days for MT4 (90 days for their proprietary platform, unless you have open trades).
Features: Trade over 80 currency pairs, plus CFDs on commodities and indices. Full access to MT4’s tools, including EAs and indicators.
Why It’s Great: FOREX.com’s demo account offers real-time pricing and a user-friendly setup. Their educational resources, like webinars and trading courses, are top-notch for newbies.
Bonus: You can switch to their proprietary platform for a longer demo period if you want to explore other options.

Who It’s For: Beginners who want a straightforward MT4 demo with robust educational support.

4. IG: Best for Market Variety

IG is a powerhouse in the forex world, and their MT4 demo account gives you access to a massive range of markets.

Virtual Funds: $20,000 (or £10,000 in the UK).
Expiration: Unlimited, as long as you stay active.
Features: Trade over 80 forex pairs, plus commodities, indices, and more. Includes MT4 add-ons like pivot points, Renko indicators, and mini terminals.
Why It’s Great: IG’s demo account is nearly identical to their live platform, with real-time data and customizable tools. Their award-winning web and mobile platforms are also available for testing.
Bonus: IG’s demo supports both their proprietary platform and MT4, so you can compare before committing.

Who It’s For: Traders who want to explore a wide variety of markets and test advanced MT4 features.

5. OANDA: Best for Unlimited Demo Trading

OANDA is known for competitive spreads and a flexible demo account that’s ideal for long-term practice.

Virtual Funds: Customizable, starting at $50,000.
Expiration: Unlimited for MT4 (some platforms may have expiration dates).
Features: Trade forex, CFDs, and cryptocurrencies with MT4’s full suite of tools. Supports TradingView integration.
Why It’s Great: OANDA’s demo account offers spreads as low as 0.6 pips on EUR/USD, making it a cost-effective choice for testing strategies. Their platform is intuitive, and you can keep the demo even after going live.
Bonus: Access to ProRealTime for automated charting and trend analysis.

Who It’s For: Traders who want an unlimited demo account to practice long-term or test automated strategies.

How to Choose the Best MT4 Demo Account for You

With so many great options, how do you pick the right one? Here are some key factors to consider:

1. Expiration Period: Some demo accounts expire after 14–90 days (e.g., Dukascopy at 14 days, FOREX.com at 30 days for MT4). If you want to practice long-term, go for non-expiring accounts like OANDA or IG.

2. Virtual Funds: Most brokers offer $10,000–$50,000 in virtual funds. Choose an amount that reflects your planned live trading capital for a realistic experience.

3. Trading Conditions: Look for demos that mirror live accounts, including spreads, execution speed, and available markets. Pepperstone and IC Markets excel here with tight spreads and fast execution.

4. Platform Features: Ensure the demo supports MT4’s full functionality, like EAs, indicators, and copy trading. All brokers listed above include these features.

5. Educational Support: Beginners should prioritize brokers with strong learning resources. FOREX.com and IG offer webinars, tutorials, and courses to help you grow.

6. Regulation: Stick with brokers regulated by top-tier authorities like ASIC, CySEC, or FCA for a safe and reliable experience. All five brokers above meet this standard.

Tips for Making the Most of Your MT4 Demo Account

A demo account is only as good as how you use it. Here’s how to maximize your experience:

Treat it like real money: Trade with the same discipline you’d use with a live account to build good habits.
Test multiple strategies: Experiment with technical indicators, EAs, or scalping to find what works for you.
Track your trades: Use a trading journal to analyze your performance and identify areas for improvement.
Simulate real conditions: Choose a demo balance that matches your planned deposit to mimic live trading.
Learn the platform: Spend time exploring MT4’s charting tools, order types, and customization options.

Pro Tip: Avoid the trap of overconfidence. Demo accounts don’t replicate the emotional pressure of real trading, so be prepared for a different mindset when you go live.

Limitations of MT4 Demo Accounts

While demo accounts are fantastic, they’re not perfect. Here’s what to watch out for:

No emotional stakes: You won’t feel the stress of real losses, which can lead to overconfidence.
Slippage and latency: Demos often have faster execution and no slippage, unlike live accounts.
Limited products: Some assets available in demos may not be tradable in live accounts.
Expiration: Many demos expire after 30–90 days, so check the terms before signing up.

How to Open an MT4 Demo Account

Opening an MT4 demo account is quick and easy. Here’s a general guide:

Choose a broker: Pick one from the list above (e.g., Pepperstone, IG, or OANDA).
Visit their website: Look for the “Open Demo Account” or “Try Demo” button.
Fill out the form: Provide basic info like your name, email, and phone number.
Download MT4: Install the platform on your PC, Mac, or mobile device.
Log in: Use the credentials sent via email to access your demo account.
Start trading: Explore the platform, place trades, and test your strategies.

Most brokers, like Dukascopy or FP Markets, make this process seamless and guide you step-by-step.

Final Thoughts: Start Trading Smarter with an MT4 Demo Account

A MetaTrader 4 demo account is your sandbox for mastering forex trading without risking your hard-earned cash. Whether you’re a beginner learning the ropes or a seasoned trader testing new strategies, the right demo account can set you up for success. My top pick? Exness for its flexibility, tight spreads, and realistic trading conditions. But if you need unlimited practice, OANDA is a close contender, while FOREX.com shines for beginners.