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Reliable Demo Account with good spreads

  • #1
  • First Post: Sep 7, 2016 12:52pm Sep 7, 2016 12:52pm
Hi,

my nephew wants to start trading and needs a reliable Demo account with good spreads and reliable connection. So no gaps etc.. I have read multiple forum posts but once I installed them, they had like 3-4 pips even on eurusd or usdjpy (during london session).

Most of those demo accounts will have higher spreads than live accounts (or is there a demo account that has nearly the same spreads than the live account of that same broker?)

Any suggestions.
  • #2
  • Sep 7, 2016 8:28pm Sep 7, 2016 8:28pm
Why not to share your broker choice with them? It's hard to imagine 3-4 pips on the crosses you mentioned, what I get is 1.3-1.7 pips on Hotforex Premium account.
  • #3
  • Sep 8, 2016 1:27am Sep 8, 2016 1:27am
Much emphasis cannot really be placed on a demo account, so I don't think the spreads here matters. I started out with Profiforex demo because the customer support told me that the speed and spread I get there would be the same with the Live account. Turned out to be so. On EURUSD fixed spread is 2pips, while Variable spread is 0.1 - 0.2 pips.
  • #4
  • Sep 8, 2016 3:15pm Sep 8, 2016 3:15pm
Quoting SeaTheStars
they had like 3-4 pips even on eurusd or usdjpy (during london session)
That seems high. You mentioned the London session, but are you sure your nephew wasn't looking at the spreads during the weekend (when trading is closed) or during a news event (when volatility is high) ?

Quoting SeaTheStars
Most of those demo accounts will have higher spreads than live accounts (or is there a demo account that has nearly the same spreads than the live account of that same broker?) Any suggestions.
I won't speak for other brokers, but FXCM has the same spreads for both live and demo accounts. You can see the live spreads from our No Dealing Desk (NDD) forex execution here: http://www.forexfactory.com/brokers.php#spreads
  • #6
  • Edited 1:22pm Sep 9, 2016 1:09pm | Edited 1:22pm
While the vast majority of traders on the forum are here for an actual legitimate discussion, it's unfortunate that some users are here simply to spam and have an agenda. Traders can decide for themselves:

Quoting DavidRP
Be careful with this member. Nicks: iDoubleStoch, iDouble, WaveTop, 7thsignaltrader, Tango 6 Alpha, StealthTrader, TraderNumber7.... http://www.forexfactory.com/showthre...13#post5883713 http://www.forexfactory.com/showthre...30#post4100330 http://www.elitetrader.com/vb/showth...5&#post3582335 http://www.trade2win.com/boards/fore...ml#post1941440 http://www.trade2win.com/boards/t2w-...ml#post1941432...

Quoting smjones
{quote} Weren't you banned from Forex Factory long before Jacko came to Forex factory? It was before my time, but as I recall it was merlin himself who banned you for threatening people with violence. Now you are back under a multi-username? I guess what I am saying in general to anyone. Now we have this guy who was banned and is just as big a fraud according to Forex Factory...

This post will give you an idea of the character of iDoubleStoch (AKA iDouble AKA WaveTop AKA 7thsignaltrader AKA StealthTrader AKA TraderNumber7 AKA Tango 6 Alpha, etc.) http://www.forexfactory.com/showthread.php?p=7670274#post767027 4

Quoting DavidRP
This is specially funny. He phones himeself haha : http://www.forexfactory.com/showthre...73#post5889073

I have no intention of getting into the low level of discourse that this poster devolves into, and the forums deserve better.

  1. https://www.kreslik.com/forums/theru...ea-askew-t3393
  2. https://www.elitetrader.com/et/threa...7#post-3582953


That said, if anyone else has questions about FXCM's spreads, I'm happy to respond.

  • #7
  • Sep 9, 2016 2:01pm Sep 9, 2016 2:01pm
Quoting Jason Rogers
{quote} That seems high. You mentioned the London session, but are you sure your nephew wasn't looking at the spreads during the weekend (when trading is closed) or during a news event (when volatility is high) ? {quote} I won't speak for other brokers, but FXCM has the same spreads for both live and demo accounts. You can see the live spreads from our No Dealing Desk (NDD) forex execution here: http://www.forexfactory.com/brokers.php#spreads
Thx. Well the spreads seemed to be wrong. I checked with ICMarkets, there Demo is the same as the live accounts. Thx
  • #8
  • Sep 9, 2016 2:04pm Sep 9, 2016 2:04pm
Quoting SeaTheStars
{quote} Thx. Well the spreads seemed to be wrong. I checked with ICMarkets, there Demo is the same as the live accounts. Thx
It's my pleasure! Thanks for the update.
  • #15
  • Sep 9, 2016 4:50pm Sep 9, 2016 4:50pm
Go for OANDA i have 5 years of trading, have tried many... if its more than 10.000 us dollars, try FXCM

good luck
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