Since I started trading Forex in 2011, many things have changed. It used to be fairly easy to find brokers offering unlimited MT4 demo accounts. Now, it’s a real chore.
To make things worse, most of the websites that claim to have an exhaustive list of no-expiry MT4 demo brokers are outdated. Google still indexes brokers’ websites that used to – but no longer – offer unlimited time demo accounts for MT4.
For instance, searching for the terms “unlimited MT4 demo accounts” or “no expiration MT4 demo” will bring up results that include MB Trading. MB Trading used to offer non-expiring MT4 demo accounts but have now been acquired by TradeKing. TradeKing’s demo accounts expire in 30 days.
Dukascopy used to offer unlimited MT4 demo accounts as well. Now their demo accounts expire in only 14 days! I’m not talking about 14 – 30 days of inactivity either. There are tons of examples like these.
It doesn’t make sense for a Forex broker to limit the time a prospective client can use their demo account. No trader can properly forward test a trading system in 30 days or less. It takes lots of back testing and demo trading to determine whether or not any particular trading strategy is profitable.
Brokers that don’t give you unlimited MT4 demo accounts are essentially saying, “I don’t think you are going to be a profitable trader, but if I limit your testing period to 30 days or less, you may not realize that fact, and you’ll still fund an account with us.”
Brokers Offering Unlimited MT4 Demo Accounts
In this article, I’ve decided to honor some of the brokers that rightfully provide unlimited MT4 demo accounts. I am in no way endorsing these brokers as an option for your live trading account.
This list is only intended to make finding a no-expiration demo account easier. The list is not intended to be an exhaustive list either, although I will add more brokers to it in the future. My goal is to keep this smaller list up-to-date so that you always know where to easily find an unlimited demo account.
The brokers above offer no-expiry demo accounts. All brokers should offer demo accounts with no time limits, but most do not. I plan to keep this list up-to-date and add more brokers to it in the future, so check back here anytime you need a demo account with no expiration.
Do you know of another broker that offers unlimited MT4 demo accounts? Leave a comment below, and I’ll add them to the list. Thank you to those that have already suggested brokers.
hi
could you please help me to find out the pips difference between mt4 chart and the broker chart.
i use one mt4 demo account, how ever their spot changes having 6 to 7 pips lower then my binary option broker.. how it can be adjusted.
i try in another mt4 demo , but their spot changes his 11pips lower than my binary option broker.
Hello saleesh,
The exact price of spot Forex brokers can vary by a few pips from broker to broker. Even more so from spot broker to options broker. Unfortunately, any intra-day price in spot Forex is not guaranteed. There’s nothing you can do about it.
Thanks for this useful information. May I suggest GBEbrokers to your list? I use them for several years now and their demos doesn’t expire either.
Good to know FxPro gives unlimited demo. I was about to test their trading conditions.
Sure. I’ll check them out and add them to the list. Thanks!
Edit: I’ve added GBE brokers to the list. Thanks for the suggestion.
Formax Prime Capital offer an unlimited demo, I think they are new but offer ECN/STP.
Okay. I’ll take a look at them as well. Thanks!
Edit: Not sure what happened to them, but I can’t find them online anymore so I had to remove them.
Please add alpari.com to the list. I’ve been using their demo account(s) for years before I decided to open multiple Live accounts with them. Fast forward a few years, now I am a happy customer.
Okay, George. I’ll look into Alpari. I wasn’t aware that they offered an unlimited demo account. Thanks for the suggestion.
Hi Chris,
This is fantastic thank you for this. Hotforex provides unlimited demo with expiry after 30days of inactivity. You only get one demo account with them though.
Good to know, Nowo! Thanks for the heads up.
hi do you introducing broker by GBE ???
No, Tevfik. I’m not an IB for any broker ATM. I may look into becoming an IB in the future, but right now it’s not worth the hassle.
I was using FXCM Demo account for several months. But it has suddenly stopped working since last two weeks. No alert, no notice and they have stopped all of a sudden.
Please check and remove from your list.
Thanks.
FXCM does not service U.S. residents any longer. If you were registered with them as a U.S. resident, that is probably why they closed your account.
Hi. Thanks for your effort.
I have tried today but out of 6 the only one operational is FXOPEN.
Regards
This article is in need of an update. It’s on my list, but I’ve been busy with the site redesign. Check back in a few days. I should have something worked up by then.
Edit: I’ve updated the list with just a handful of brokers. I’m waiting to hear back from a few.