A demo account lets you trade live market prices with virtual funds, so you can learn a platform and test a strategy without risking real money. It is the safest place for beginners to start, though it lacks the emotional pressure of trading real capital.
Forex Term
Demo Account
A practice account that trades with virtual money.
Example
A beginner might practise on a demo account with $10,000 of virtual money before going live.
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Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.