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To make things worse, most of the websites that claim to have an exhaustive list of no-expiry MT4 demo brokers are outdated.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.