Hi,
Every forex education site recommends to practice in a demo account for 2 months atleast. But how is that possible if all the brokers offer a demo account for few days only. The maximum I have got is on saxo bank for 20 days.
is there any good broker that offers unlimited time demo account?
thanks
You could try fxpro or fxcm
Iam not sure but I [I]think [/I]that Oanda demo accounts do not have limit? Worth checking, maybe…
ehhh am i the only one who came up with the idea… 7 years ago… to open… several demo accounts just using different emails?
maybe i should open a topic on this genious idea and sell it to forex retail traders like everyone does sell common sense to forex traders…
i mean its really hard work to open a fake gmail email account, takes 45 seconds of advanced and hard work that needs to be teached properly
and yes.fxcm demo account is unlimited. using thwir marketscope 2.0 aswell unlimited
thank you, friends.
i will try fxcm.
Also, I opened a demo account with LCG. seems they give unlimited validity. the site looks ok…they have their own trading platform alongwith mt4.
has anyone tried lcg…how are they?
I suggest opening demo account with hotforex as it is free forever and never expires…
You could also call whatever broker you’re using for their demo account and request not to close it down for a while. I’ve done that with a few brokers and they did fulfil my request.
I think still there are many good brokers offering demo account for more then 20 days. You should expand your search more.
I think many trader get fail and can’t maintain account more than six month and use demo account at least six month will better, if one account already expired hence trader can open new account again to improve skill trading with demo account
Any broker which has a limited demo account is a bad broker. They want you to loose money.
I’m using OANDA, they have an unlimited demo account which is identical to a real one. Oanda is a no dealing desk regulated market maker.
I would not prefer to do my trades with a market maker. As the name suggests it makes up the market so it is not actual Forex trading at all … 
Did you check carefully? Some brokers close out the demo account if they are not active within a period of time (week or month).
rs, they are a reputable company, possible even that some BP members are employed by them.
One thing I would think about, you are on the right path about using demo as practice, so thinking ahead, when you want to go live, good chance you will want to use micro lots.
Not sure whether LCG have micro on their mt4, but I do know that Oanda have - and it’s unlimited.
Few other possibilities, you are uk, so you can use a USD micro, then view the numbers for just that, difference is that if you commit £100.00 your bal will adjust to USD - gives you an added cushion for the learning phase.
One other thing, if you are into candles/patterns etc, then you can choose Bonds, hit the buy at market and you see a deficit of 3 cents - I kid you not, it’s still real money, and it’s still your next step in practice, if your balance reaches zero then you have blown a live account.
i’ve looked at them a couple of times & they’re one of two on my shortlist to add as another provider.
which members of babypips are employed by them peterma?
I’m happy to hear that, Rsaxena!
If you have any questions about your FXCM demo, please feel free to ask me in the Broker Aid Station.
peterma,
i see you’ve been on the forum since i posted my last reply & wondered if this post got overlooked?
could you point me in the direction of the forum members working for london capital please?
Most of the brokers offer a demo accounts and with much much longer validity. I will suggest you to do your research and find the broker you want to trade live with eventually and try their demo account. Most likely their demo will perform same as their live account.
I can suggest you to try with paxforex.com. I think they offer a unlimited demo accounts.
He doesn’t know corpellan. If he did he’d have replied already.
You’d be better off simply contacting them directly if you have any queries or questions.
Yep, speed, you must remember that us old guys only get to switch on our computers every so often, many times we forget how to check all these replies.
Now, as you say, I don’t know, but here is an old timer’s guess - if you see lots of references to bets and punters, then there is a reasonable chance that they may work for aforesaid.
https://en.wikipedia.org/wiki/InterTrader
Spread Betting | Financial Spread Betting | Capital Spreads
London Capital Group Holdings PLC - White Label Agreement
(P.Power left that particular scene since 2011)
Maybe invest in the company:
London Capital Group Holdings PLC, LCG:LSE summary - FT.com
Now where is that corner that I’m not allowed to post in, something about an old American car in the melting area.