Practice forex with virtual funds
A free demo account with $10,000 in virtual money, live market prices, and the exact same platforms you would use live. No risk, no time limit, no credit card.
What a demo account is — and what it is not
A demo account is a fully-functional trading account with one difference: the money is virtual. You see real bid/ask prices, the same chart timeframes, the same order types, the same swap rates, and the same liquidity-provider price feed as live clients. What you do not get is real money at risk — and crucially, you do not experience the emotional weight of losing it.
The demo is the best tool we have for learning the platform without financial consequence. It is also useful for forward-testing strategies, trying new EAs, and switching between MT4, MT5, and TradeLocker. It is not, however, a substitute for live trading. Real-money execution behaves differently: spreads widen during news, slippage happens on large orders, and the psychology of seeing your own savings on screen changes what trades you take.
Treat the demo as platform-fluency training and as a research sandbox. Treat the live account — when you get there — as the real work, with a smaller account size than your demo deliberately, to re-learn the discipline at real risk.
Who opens a demo account
New to forex
Learn how the platform works without burning capital. Practice order entry, stop-loss placement, and position sizing on real charts.
Testing a new strategy
Forward-test a system on live prices for 50+ trades before committing real money. The slippage and emotional pressure differ on live — but the strategy logic does not.
Trying a new platform
Switching from MT4 to MT5? Want to try TradeLocker? Open a demo first. The interface is the same as the live version.
Refreshing after a break
Been away from markets for a few months? Run demo trades for a week or two to recalibrate before going back live.
Make the demo actually useful
- Treat the demo account like real money — same position sizes, same risk per trade.
- Journal every trade with reasoning and screenshot. The journal is the asset, not the P&L.
- Run at least 30 trades before judging whether a strategy is working — small samples lie.
- Test during the sessions you actually trade in real life. Demo at 02:00 SAST is useless if you only trade the London/NY overlap.
- When you are consistently green for 8+ weeks on demo, move 25% of intended capital to live and shrink position sizes by 75%.
Demo vs live: the honest comparison
| Aspect | Demo | Live |
|---|---|---|
| Price feed | Tier-1 liquidity | Tier-1 liquidity |
| Slippage | None (simulated) | Realistic |
| Requotes during news | None | Possible |
| Emotional pressure | None | Significant |
| Funding required | No | From $10 |
| KYC verification | Not required | Required |
| Withdraw to bank | No | Same-day |
Common demo questions
Is the ComoFX demo account really free?
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Yes. The demo account is completely free, requires no deposit, and has no time limit.
Are demo prices the same as live prices?
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The price feed comes from the same Tier-1 liquidity providers. Demo accounts skip slippage and requotes — useful for learning, less realistic during news events.
How much virtual money do I get?
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Standard $10,000 virtual balance, requestable higher. Resetting the balance is supported.
Can I test EAs on demo?
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Yes. Demo accounts work with MetaTrader Expert Advisors and copy-trading services exactly like live accounts.
How do I switch from demo to live?
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Click "Upgrade to Live" in the client portal. Complete KYC (ID + proof of address) and choose your base currency.
How long should I demo before going live?
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Most consistent traders demo for at least two weeks. The goal is not perfection — it is platform fluency and journaling discipline.