The idea of making money is alluring people to the foreign exchange market. However, the market comes with its own set of risks and hence one must practice the skills before trading live. There are various companies that offer free demo accounts for traders to practice. These accounts do not demand real money and will give you a feel of the conditions in the real market. We have formulated a list of the top companies that offer practice accounts for forex.

eToro

eToro was introduced in 2006 and offers free demo accounts including an access to manuals, forums, newsletters and live help. It provides some additional tools, necessary to become a successful trader. It is a clear, simple and a fast platform. Traders can get started for as low as $50 and the leverages are up to 1:400.

AVA Fx

AVA Fx is one of the reputed names in the foreign exchange market. It mostly concentrates on private, new investors as well as the large organizations. It offers a free demo account, with two major trading platforms – AVA Fx and Meta Trader.

ACM (Advanced Currency Markets)

ACM is a leading trading company from Geneva, with offices located all across the world. There is a 30-day trial account. There is no mini-size demo account, however the traders can customize the size of their account.

Alpari US

Alpari was registered in United States in 2006. There are three kinds of demo accounts available here. The traders can get started with a minimum deposit of $1 and there is a leverage of 1:100. The company specializes in fast execution speeds, higher volumes and organized order management.

CitiFXPro

While CitiBank is widely known for its banking services, the company is actively involved in the foreign exchange market as well. There is a free demo account available here and it offers all the services of the live account.

CMS Forex

CMS Forex is one of the reputed brokers, based in New York. There is a free demo account available here, without any size or time restrictions. The traders will get an access to more than 100 technical indicators with the demo account.