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Need broker for unlimited demo account

  • #1
  • First Post: Nov 11, 2016 6:12am Nov 11, 2016 6:12am
Is there any decent trusted brokkerage with an unlimited ( in terms of time ) Demo account, for example demo whcih is valid of atleast 12 montjs. ? I'd like to test some things out on an longer run on demo acc before putting them to play.
  • #2
  • Edited 7:31am Nov 11, 2016 6:40am | Edited 7:31am
Oanda has a demo with unlimited funds and time. They are the only brokerage I trust. In fact during the black swan event with the CHF they honored stops on traders' position even though the market didn't, due to lack of liquidity...I know of no other broker that did that, in fact many brokers had severe financial difficulties, and some when bankrupt. However Oanda honored the stops and in my opinion that single act of honesty has made them the only broker for me.
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  • #3
  • Nov 11, 2016 6:55am Nov 11, 2016 6:55am
Quoting Wuza
Is there any decent trusted brokkerage with an unlimited ( in terms of time ) Demo account, for example demo whcih is valid of atleast 12 montjs. ? I'd like to test some things out on an longer run on demo acc before putting them to play.
Hi Wuza,

Your forum profile mentions you live in Poland, so it's worth noting that FXCM is regulated in Europe by the Financial Conduct Authority. That means client funds are segregated in accordance with UK client money rules and are insured for up to £50,000 per client by the Financial Services Protection Scheme.

FXCM demo accounts don't expire as long as you log into them and trade at least once a month. Our inactive demos expire after 30 days without use to free up space on servers for active users. Here's a link to demo accounts for the various platforms FXCM offers.
  • #4
  • Nov 11, 2016 2:34pm Nov 11, 2016 2:34pm
Quoting Wuza
Is there any decent trusted brokkerage with an unlimited ( in terms of time ) Demo account, for example demo whcih is valid of atleast 12 montjs. ? I'd like to test some things out on an longer run on demo acc before putting them to play.
Most brokers gives unlimited demo accounts this days. Some of them gives you even unlimited number of demo accounts.
Regards!!!
  • #6
  • Nov 14, 2016 6:34am Nov 14, 2016 6:34am
Yes, as mentioned above, many serious brokers offer demo accounts for free unlimited time usage. I tested several brokers that way and the only catch is that they will close your demo account if you don't trade on the account for one, two months. So basically if you are inactive on your demo account it can be closed.. But your best bet is to test several of them and ask brokers that question.
  • #7
  • Nov 15, 2016 12:44pm Nov 15, 2016 12:44pm
Just ask the broker. Pepperstone closes theirs after a month but if you ask them they leave it open indefinitely

Max
Gravity goes both ways in forex...
  • #8
  • Nov 17, 2016 9:23pm Nov 17, 2016 9:23pm
Yes go with pepperstone and send them an email to set your demo to never expire.
20 Pips a day keeps centerlink away
  • #9
  • Nov 24, 2016 3:11pm Nov 24, 2016 3:11pm
Quoting max pips
Just ask the broker. Pepperstone closes theirs after a month but if you ask them they leave it open indefinitely Max
This is it, just tell the broker you are not satisfied yet with your learning and they will just renew the demo account for. You can keep practicing until you are grounded. I would also advice that we go back to demo every now and then to do some testing that we need to do!
  • #10
  • Nov 25, 2016 6:33am Nov 25, 2016 6:33am
I must agree with that one! I always need to reverse back to demo once in a while to test certain strategies before hitting them on real account.
  • #11
  • Nov 28, 2016 10:13am Nov 28, 2016 10:13am
Quoting pipshaman
{quote} Most brokers gives unlimited demo accounts this days. Some of them gives you even unlimited number of demo accounts. Regards!!!
Hey mates,
Totally agree with pipshaman. The only restriction I have faced, is the broker automatically closing the demo account after certain period of inactivity on behalf of the trader, which is fine with me.
  • #12
  • Dec 1, 2016 9:33am Dec 1, 2016 9:33am
yes, some broker automicatlly close your demo accs. Some erased the trading history (but keep the balance). But actually there are brokers that never touch your acc if you don't trade after a period of time.
  • #13
  • Last Post: Dec 1, 2016 5:04pm Dec 1, 2016 5:04pm
Quoting Wuza
Is there any decent trusted brokkerage with an unlimited ( in terms of time ) Demo account, for example demo whcih is valid of atleast 12 montjs. ? I'd like to test some things out on an longer run on demo acc before putting them to play.
Hey Wuza,

Vantage FX has set up an easy form, allowing you to apply for an unlimited demo account.

This will allow you to test any of your strategies without being pestered by any sales calls that you might receive if you were on a regular demo.
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
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