Forex demo accounts allow you to practice Forex trading without financial losses. Many online Forex brokers offer the possibility to trade in a demo account to familiarize with their platform. A demo account is a simulation of a trading account, sometimes with a sum of virtual money. Traders can try it out to test the trading platform and see if they feel comfortable trading under the broker's conditions before investing any amount of real money in it.Most demo accounts can be downloaded for free. Forex demo accounts can reflect the real-time market movements and allow traders to test the conditions they would be trading with. Forex demo accounts use historical rates during week-ends, when the currency trading markets are closed.
Generally Forex demo account has the same capabilities of the real account, the only difference between them is that the real account is with real money and the practice account is with virtual money.
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