Open a Forex Trading Demo Account

Practice forex trading in a simulated real world environment with a no-risk forex demo account.

In order to become a successful forex trader/warrior without paying an unduly high price, it undeniably helps to train under real market conditions. While “paper trading” cannot fully prepare you for the emotional experience of having actual money riding on your trading calls, it certainly provides good practice working with the same platform interface to the forex markets you will be participating in when trading with actual money.

You can observe foreign currency rates fluctuating in real time while you learn to assimilate the information from changing graphs and charts. Understand what volatile markets feel like from a virtual cockpit. Experiment with leverage to learn the risk and reward consequences of different levels, and examine your conform level.

Veteran and novice traders alike can easily understand the value of testing their strategies and expert advisory systems (EAs) under near-real conditions before risking capital based on the system’s calls.

Note: Besides the above-mentioned emotional charge which appears when real funds are at risk, the reported simulated trades executed using a demo account will differ somewhat versus an equivalent trade of an actual contract. Simulated trades do not impact the market, while real trades do. The execution latency, or slippage – the time between clicking on the buy or sell button and trade execution – tends to be higher during real trading. Once you have become comfortable trading a demo account, we advise new traders to start actual trading risking only small amounts of capital.

MT4 logoSpartanForex MT4 platform. MT4 is the dominant platform used for over-the-counter foreign exchange contract trading. Certainly this is due in large part to MT4’s first-mover advantage, but it is also on account of it being so easy for beginners to learn to use. Download the SpartanForex MT4 setup program from here.

MT4 Installation and Demo Account Creation Sequence

  • After downloading the SpartanForex MT4 installation program – spartanfx4setup.exe – double-click on it. Click on “Next” after reading the Terms & Conditions. (You can safely ignore the promotions from Metaquotes/MQL5 that pop up during the installation routine.)
  • Upon completion of the installation you will be invited to “Open an Account”. You can proceed immediately, making sure that the server “SpartanFX-Demo” is highlighted before proceeding. (Opening a live account requires direct action by SpartanForex. You will be given login credentials once the live account has been opened.)
  • Alternatively, you can open your first demo account later: Go to Start Menu => “Programs” => “Spartan MT4 Client Terminal” => “Spartan MT4”. The same “Open an Account” popup window will automatically activate.
  • If you want to open additional demo accounts, from the Spartan MT4 Client Terminal top-menu, click on “File” => “Open an Account”, making sure that the server “SpartanFX-Demo” is highlighted before proceeding.