10 Best MetaTrader 4 (MT4) Demo Accounts for Free 2025

Opening an MT4 demo account for demo trading is one of the safest and most convenient ways to test your skills and the trading software without risking real money. If you want to find a forex broker who provides a free MT4 demo account, you have come to the right place. 

In this comparison guide, we’ll reveal the ten best MetaTrader 4 demo accounts that allow you to try out trading platforms in the market without taking the plunge with real money. We were able to choose our top picks of the 10 best MetaTrader 4 demo account brokers through thorough evaluation and rigorous testing. Find our top brokers below: 

List of 10 Free MetaTrader 4 (MT4) Demo Accounts

#1 BlackBull Markets

BlackBull Markets comes in first place on our list at WR Trading, and the reason is not far-fetched. Headquartered in New Zealand, this Forex broker has a remarkable execution speed for its MT4 demo account, making it the best choice for newbies and professionals. The platform also provides considerable leverage, which is backed by negative balance protection, all in a bid to give you a solid safety net. 

Key Facts About Black Bull Markets:

Feature	Information
MT4 Demo Account Available	Yes
Account types	ECN Standard, ECN Prime, ECN Institutional
Tradable Instruments	Forex, Cryptocurrency, Commodities, Metals, Equity Indices, Futures
Platform	MT5, MT4, TradingView, cTrader, Blackbull Invest, Blackbull CopyTrader
Regulation	NZ FMA, FSA
Valid Days	Unlimited
Trading Tools	Available 24/7 via: Live Chat, WhatsApp: +642109057208 Email: support@blackbull.com Telephone: +6495585142
Virtual Funds	Up to $100,000
Leverage	1:500
Spreads	From 0.8 pips (ECN Standard), 0.1 pips (ECN Prime), 0.0 pips (ECN Institutional)
Commission	$0 (Standard), $4 (ECN Institutional), $6 (ECN Prime) per round lot
Accepted Currency	USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD, HKD, XAU, BTC, ETH
Customer Support	Available 24/7 via: Live Chat, WhatsApp: +642109057208, Email: support@blackbull.com Telephone: +6495585142

#2 Vantage Markets

Vantage Markets has exceeded our expectations at WR Trading and ranks second in our comparison. This Forex broker, based in Australia, has proven to be well-rounded. Its MT4 demo account provides leverage between 1:100 and 1:500. It can also be funded with virtual funds of up to $100,000. While its demo accounts span 30 days by default, unlimited demo accounts can be created on request.

Key Facts About Vantage Markets:

Feature	Information
MT4 Demo Account Available	Yes
Account types	Raw ECN, Standard STP, Pro ECN, Islamic, Cent, Premium
Tradable Instruments	Forex, Indices, Energy, Gold/Silver, Commodities, Shares, ETFs, Stocks, Oil, Bonds, Energies
Platform	MT5, MT4, Vantage App, ProTrader, TradingView, Copy Trading, and Demo Trading
Regulation	ASIC, CIMA, VFSC, SIBL
Valid Days	Unlimited
Trading Tools	Economic calendars, Trading signals, Market analysis, and Educational resources like eBooks
Virtual Funds	Up to $100,000
Leverage	Up to 1:500 (varies by account type and instrument)
Spreads	Available 24/7 via: Live Chat, Email: support@vantagemarkets.com Telephone: +1300945517
Commission	$3 (Raw and CENT), $0 (Standard), $1.50 (Pro ECN) per round lot
Accepted Currency	AUD, USD, EUR, GBP, NZD, CAD, SGD, JPY, CHF, ZAR
Customer Support	Available 24/7 via: Live Chat, Email: support@vantagemarkets.com, Telephone: +1300945517

#3 FP Markets 

FP Markets is our third pick on the WR Trading list. This broker is audited by top-tier regulatory bodies such as ASIC and CySEC, earning a high score in our review. It offers demo account types ranging from standard to raw. Virtual funds on the MT4 demo accounts are generally about $100,000, but they can be increased by contacting the support team.

Key Facts About FP Markets:

Feature	Information
MT4 Demo Account Available	Yes
Account types	Standard, Raw, Islamic
Tradable Instruments	Forex, Indices, Commodities, Shares, Cryptocurrencies, Bonds, Metals and ETFs
Platform	MT5, MT4, cTrader, TradingView, WebTrader, FP Mobile App, IRESS
Regulation	ASIC, CySEC, FSCA, ESMA, FSA, FSC
Valid Days	Unlimited
Trading Tools	VPS Solutions, Autochartist, WebTrader, and Traders Toolbox
Virtual Funds	Up to $100,000
Leverage	Up to 1:500
Spreads	From 0.0 pips (Raw account), from 1.0 pips (Standard Account)
Commission	$0 (Standard), $3 (Raw Account) per Round Lot
Accepted Currency	AUD, USD, EUR, GBP, NZD, JPY, SGD, CAD, CHF, PLN, HKD, ZAR, INR, PLN, BRL, NGN, MXN
Customer Support	Available 24/7 via: Live Chat, Email: supportteam@fpmarkets.com, Telephone: +44 28 2544 7780

#4 RoboForex

Ranking third on the WR Trading list is RoboForex. This broker offers a wide range of demo accounts, each similar to a real account’s terms and conditions. Even better, the demo accounts are guaranteed to be equivalent to the real accounts. The platform also provides an array of demo accounts on the MT4 platforms, including MT4 Demo ECN, MT4 Demo Pro, and MT4 Demo R Stocks Trader.

Key Facts About RoboForex:

Feature	Information
MT4 Demo Account Available	Yes
Account types	Pro, ECN, Prime, R Stocks Trader, ProCent, and Demo Accounts
Tradable Instruments	Forex, Stocks, Indices, Commodities, Cryptocurrencies, ETFs, Metals, Futures, Energies
Platform	MT4, MT5, R StocksTrader, R Mobile Trader, and R WebTrader
Regulation	FSC Belize
Valid Days	Unlimited
Trading Tools	Market analysis, Market holidays, Market trading hours, Trading calculator, and Economic Calendar
Virtual Funds	Up to $100,000
Leverage	1:300 (Prime), 1:500 (ECN and R StocksTrader), 1:2000 (ProCent and Pro)
Spreads	0.0 pips (Prime, ECN), 0.02 USD (R Stocks Trader), 1.3 pips (Pro, ProCent)
Commission	$0 (Pro and ProCent)Available (Prime, ECN, and R StocksTrader)
Accepted Currency	USD, EUR, GOLD
Customer Support	Available 24/7 via: Live Chat Email: info@roboforex.com Telephone: +593 964 256 286

#5 Moneta Markets 

When you choose Moneta Markets for your demo accounts on MT4, you can get access to various markets with ECN spreads starting from 0.0 pips. This means you can explore major and minor markets at no cost, making it easy to find trading opportunities. Moneta Markets has three standard account types and a variety of financial instruments with different trading fees and spreads.

Key Facts About Moneta Markets: 

Feature	Information
MT4 Demo Account Available	Yes
Account types	Direct STP, Prime ECN, Ultra ECN
Tradable Instruments	Forex, Indices, Commodities, Shares, ETFs, Bonds, Share CFDs, Metals, Energy, Crypto CFDs, and Index CFDs
Platform	MetaTrader 4, MetaTrader 5, Pro Trader, AppTrader, CopyTrader App, MT4 WebTrader, and MetaTrader App
Regulation	SLIBC, FSCA
Valid Days	Unlimited
Trading Tools	Economic calendar, Technical views, and Market buzz
Virtual Funds	From $1,000 to $100,000
Leverage	Up to 1:1000
Spreads	From 0.0 pips (Prime ECN and Ultra ECN), from 1.2 pips (Direct STP)
Commission	$1(Ultra), $3(Prime)
Accepted Currency	USD, GBP, EUR, SGD, JPY, NZD, CAD, BRL, AUD, HKD
Customer Support	Available 24/7 via: Live Chat Email: support@monetamarkets.com Telephone: +44 (113) 3204819

#6 Pepperstone

Pepperstone ranks sixth on our list at WR Trading due to its outstanding trading options. It offers a demo account that can be created on standard or razor accounts. While the account offers absolute market pricing, it has a limited period of 60 days on MT4 and MT5. However, traders can turn it into an expiring one once they have a funded live account. 

Key Facts About Pepperstone:

Feature	Information
MT4 Demo Account Available	Yes
Account types	Standard, Razor, Islamic
Tradable Instruments	Forex, Indices, Commodities, Shares, ETFs, Metals, Currency Indices, Cryptocurrencies
Platform	MetaTrader 4, MetaTrader 5, cTrader, Pepperstone Trading Platform, TradingView, Pepperstone Mobile App
Regulation	ASIC, FCA, BaFin, CMA, CySEC, DFSA, SCB
Valid Days	60 days
Trading Tools	VPS, SmartTrader, cTrader Automate, Autochartist, and API
Virtual Funds (Customizable)	From $200 to $50,000
Leverage	Retail clients (1:200) and Professional clients (1:500)
Spreads	Raw spreads from 0.0 pips (Razor account), variable spreads (Standard account)
Commission	$3.5 per lot side (Razor account)
Accepted Currency	AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
Customer Support	Available 24/7 via: Email: support@pepperstone.com Phone (non AF): +44 (800) 0465473 Phone: +254 20389 3547/8/9

#7 IC Trading 

IC Trading is another forex broker that provides MT4 demo accounts for newbies and professionals. These accounts can be operated on cutting-edge trading platforms, have low-latency connectivity, and have superior liquidity. They are based in Australia and are overseen by the FSC, a top regulatory body.

Key Facts About IC Trading:

Feature	Information
MT4 Demo Account Available	Yes
Account types	Standard, Raw accounts, Islamic
Tradable Instruments	Forex CFDs, Indices, Commodities, bonds, stocks,  Gold and Cryptocurrencies
Platform	MetaTrader 4, MetaTrader 5, WebTrader, cTrader
Regulation	Financial Services Commission of Mauritius (FSC)
Valid Days	30 days
Trading Tools	Alarm manager, Correlation trader, and Trade Terminal
Virtual Funds	Up to $100,000
Leverage	1:1000
Spreads	From 0.0 pips (Raw Account) and 0.8 pips (Standard Account)
Commission	$3.5 (Raw MetaTrader), $3 (Raw cTrader), and $0 (Standard) per lot side
Accepted Currency	AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF
Customer Support	Available 24/7 via: Live chat Email: support@ictrading.com Telephone: +230 215 8013

#8 XM

For our eighth choice at WR Trading, XM takes the cake as one of the best forex brokers with free demo accounts. This platform’s demo account doesn’t expire, allowing its traders to keep their MT4 demo accounts parallel to their trading accounts indefinitely. Traders can invest in over 1,000 trading instruments on their demo accounts, including CFDs, forex, shares, and energies. 

Key Facts About XM:

Feature	Information
MT4 Demo Account Available	Yes
Account types	Micro, Standard, Ultra-Low Standard, Shares
Tradable Instruments	Forex, CFDs on Stocks, Commodities, Energies, Metals, Cryptocurrencies, Futures, Energies, Metals, Turbo Stocks, Thematic Indices
Platform	MT4, MT5, XM WebTrader, XM Mobile App
Regulation	CySEC, FSC
Valid Days	Unlimited, subject to closure after 60 days of inactivity
Trading Tools	Economic calendars, Price alerts, and Forex market analysis
Virtual Funds	$1,000 to $5,000,000
Leverage	1:1000
Spreads	From 0.8 pips (ultra-low Standard), 1.6 pips (Micro, Standard)
Commission	Zero commission ( Micro, Standard, Ultra low Standard), Available (Shares).
Accepted Currency	USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, CAD
Customer Support	Available 24/7 via: Email: support@xm.com Telephone 1: +501 223-6696 Telephone 2: +501 227-9421

#9 FBS 

FBS is another forex broker that is rated highly at WR Trading. If you don’t want to start with real funds at the beginning of your trading career, this platform is for you. There are several FBS accounts to choose from, all of which have demo accounts. While the MT4 demo account spans 90 days, you can contact the FBS support team to continue using the account.

Key Facts About FBS:

Feature	Information
MT4 Demo Account Available	Yes
Account types	Cent Account, Standard Account, Demo Standard Account, Demo Cent Account, and Islamic Accounts
Tradable Instruments	Forex, stocks, indices, cryptocurrencies, metals, energies, Futures
Platform	MetaTrader 4, MetaTrader 5, FBS App
Regulation	CySEC, ASIC, FSC (Belize)
Valid Days	None, subject to closure after 90 days of inactivity
Trading Tools	Economic calendars, VPS, and Trading calculators
Virtual Funds	Up to $100,000
Leverage	Up to 1:3000
Spreads	Floating, starting from 0.7 pips
Commission	Varies by account type, from $0 to commission-based
Accepted Currency	USD, EUR, GBP, AUD, XAU, MXN, JPY, CHF, CAD, NZD, TRY, SGD, ZAR, SEK
Customer Support	Available 24/7 via: Email: support@fbs.com Telephone 1: +357 22 010970 Telephone 2: +501 611 0594

#10 VT Markets 

Established in 2015, VT Markets ranks 10th on our list at WR Trading. This platform offers a wide range of products tailored for beginner traders. Their MT4 demo accounts allow traders to trade in a risk-free environment and help them gain experience navigating MT4. Traders can also trade 47 cryptocurrencies using a demo account and access a range of educational products using the MT4 demo account.

Key Facts About VT Markets: 

MT4 Demo Account Available	Yes
Account types	RAW ECN account, Standard STP account
Tradable Instruments	Forex, Commodities, Shares, Cryptocurrencies, Indices, ETFs, CFD Bonds, CFD Shares, Precious Metals, Energies
Platform	MetaTrader 4, MetaTrader 5, WebTrader, TradingView, VT Markets App
Regulation	ASIC, FSCA, FSC Mauritius
Valid Days	90 days
Trading Tools	Economic calendar, Trading signal, and Market buzz
Virtual Funds	From $1,000 to $100,000
Leverage	Up to 1:500
Spreads	From 0.0 pips (Raw ECN) and 1.2 pips (Standard STP)
Commission	$6 (Raw ECN), $0 (Standard STP) per round turn
Accepted Currency	AUD, USD, EUR, GBP, HKD, CAD.
Customer Support	Available 24/7 via: Email: info@vtmarkets.com Telephone: +61 2 9054 9999

What is an MT4 Demo Account?

An MT4 demo account allows newcomers to experience simulated trading in a risk-free environment, mirroring real market conditions without using actual funds. This account simulates all functionalities of a live trading environment, providing users with virtual funds to engage in forex trading and explore the full suite of tools available on the MT4 platform.

How To Sign Up For A Free MetaTrader 4 Demo Account 

Here are the steps to sign up for a free MT4 demo account and start trading:

• Download the MT4 platform and install it on your PC or mobile 
• Run the MetaTrader4 platform on your PC
• You can sign up on the platform by entering your information, email address, and password. 
• Select the appropriate trading servers.
• After you have completed this activity, click on finish. You will be automatically logged in to your newly opened demo account.

Pros and Cons of MT4 Demo Trading 

Here are some of the most common pros and cons of MT4 Demo trading:

Pros 

• New traders can use an MT4 demo to test their emotional ability to adapt to the rigours of forex trading.
• Demo accounts offer a simulated environment where traders can practice without financial consequences.
• MT4 demo trading supports netting and hedging options

 Cons 

• Many forex brokers limit the funding of a demo account and, therefore, do not allow large deposits of virtual funds.
• Inadequate real-world simulation, especially during fast markets or major news events, can impact trading experience.
• Many forex brokers eliminate order slippage from their systems to make demo trading attractive to many customers.

When to Change Your MT4 Demo Account To an MT4 Live Trading Account

With consistency, it could take anywhere from 3 months to 6 months to switch from the demo trading account to the live trading MT4 account. While the duration may vary from person to person, several months of profitable and disciplined trading on a demo account indicate that you are ready for a live trading account.

Are MT4 Demo Accounts Unlimited? Most

Most Forex brokers offer unlimited availability for MetaTrader 4 (MT4) demo accounts. However, you may need to visit your trading broker’s website for details about their demo account availability.

How Much Virtual Funds Can You Add to Your MT4 Demo Account?  

Add up to $100,000 virtual funds to your MetaTrader 4 (MT4) demo accounts. These simulated funds allow traders to test strategies, practice risk management, and refine skills in a risk-free environment while replicating live market conditions without financial exposure.

Are There Differences Between A Live and Demo Account?

Yes, there are differences between a live and demo MT4 account. For example, while demo accounts aim to replicate real market situations, there might be discrepancies in market execution compared to live trading. Factors such as order fill and slippage may differ, affecting the accuracy of trade simulations. 

Conclusion 

Traders can access the best MT4 demo accounts on various broker sites. New traders can also benefit from demo accounts because they help them gain experience, while advanced traders can use them to gain new strategies. When you choose any of the brokers recommended by WR Trading, you’ll be able to navigate the markets with your demo accounts and enjoy a user-friendly experience.

Frequently Asked Questions on MT 4 Demo Accounts