10 Best MetaTrader 5 (MT5) Demo Accounts for Free

MT5 demo accounts are popular among traders for their features, such as advanced technical and trading tools. If you’re a new or seasoned trader looking to practice trading strategies in real-time market conditions, opening a MetaTrader 5 demo account is the place to begin. Keep reading to see our review of the top picks of MetaTrader 5 demo accounts available today. 

This is our list of the 10 best MetaTrader 5 (MT5) demo accounts in 2025:

List of 10 Best Free MetaTrader 5 (MT5) Demo Accounts 

#1 BlackBull

Blackbull is a popular choice among new traders due to its competitive trading conditions and MT5 demo accounts. Registering the demo account is easy, as it does not require the trader to open a live account. Upon registration, the trader will receive a balance of $100,000 in the demo account. 

Although the MT5 demo account has a 30-day time limit by default, you can ask for an extension. With the demo account, traders can test, use, and bug-fix trading solutions. In our opinion, Blackbull is the broker with the best MT5 demo account.

Key Facts About Blackbull:

Feature	Information
MT5 Demo Account Available	Yes
Account Types	ECN Standard, ECN Prime, ECN Institutional
Leverage	1:500
Platform	MT5, MT4, TradingView, cTrader, Blackbull Invest, Blackbull CopyTrader
Spreads	From 0.8 pips (ECN Standard), 0.1 pips (ECN Prime), 0.0 pips (ECN Institutional)
Tradable Instruments	Forex, Cryptocurrency, Commodities, Metals, Equity Indices, Futures
Valid Days	Unlimited
Commission	$0 (Standard), $4 (ECN Institutional), $6 (ECN Prime) per round lot
Virtual Funds (Customizable)	Up to $100,000
Trading Tools	VPS Trading, VPS Trading, FIX API Trading, ZuluTrade, Myfxbook, and Calculators
Regulation	NZ FMA and FSA
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

At WR Trading, we reviewed Vantage Markets’ MT5 demo accounts. Vantage Markets offers traders up to $100k virtual funds on their MT5 demo accounts for practice. They also provide traders with risk-free trading strategies and tools. 

During our research, we also saw that traders can customise their MT5 demo accounts by choosing their preferred leverage and account balance. 

Key Facts About Vantage Markets:

Feature	Information
MT5 Demo Account Available	Yes
Account Types	Raw ECN, Standard STP, Pro ECN, Islamic, Cent, Premium
Leverage (Customizable)	From 100:1 to 500:1
Platform	MT5, MT4, Vantage App, ProTrader, TradingView, Copy Trading, and Demo Trading
Spreads	From 0.0 pips (Raw ECN, CENT, and Pro ECN accounts), From 1.0 pips (Standard STP)
Tradable Instruments	Forex, Indices, Energy, Gold/Silver, Commodities, Shares, ETFs, Stocks, Oil, Bonds, Energies
Valid Days	Unlimited
Commission	$3 (Raw and CENT), $0 (Standard), $1.50 (Pro ECN) per round lot
Virtual Funds	From $1,000 to $100,000
Trading Tools	Economic calendars, Trading signals, Market analysis, and Educational resources like eBooks
Regulation	FSCA (South Africa), CIMA (Cayman Islands), ASIC (Australia), VFSC (Vanuatu)
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 one of WR Trading’s top picks for MT5 demo accounts. These accounts allow traders to practice new strategies in a risk-free environment. During our research, we saw that FP Markets allows traders to open a demo trading account without the pressure of opening a live one. 

Another unique feature of their demo account is that theirs is unlimited, unlike other markets with a 30-day time limit. They also allow traders to create an unlimited number of demo accounts. 

Key Facts About the FP Markets:

Feature	Information
MT5 Demo Account Available	Yes
Account Types	Raw, Islamic, and Standard
Leverage	Up to 1:500
Platform	MT5, MT4, cTrader, TradingView, WebTrader, FP Mobile App, IRESS
Spreads	Standard (1.0 pips) and Raw (0.0 pips)
Tradable Instruments	Forex, Indices, Commodities, Shares, Cryptocurrencies, Bonds, Metals and ETFs
Valid Days	Unlimited
Commission	$0 (Standard), $3 (Raw Account) per Round Lot
Virtual Funds	Up to $100,000
Trading Tools	VPS Solutions, Autochartist, WebTrader, and Traders Toolbox
Regulation	ASIC, CySEC, FSCA, ESMA, FSA and FSC
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: supportsc@fpmarkets.com, Telephone: +44 20 3831 3622

#4 RoboForex

RoboForex also made it to WR Trading’s list of best MT5 demo accounts. Their demo accounts come in three types: Demo Pro, ECN, and Demo R StocksTrader. Having reviewed their diverse MT5 demo accounts, we saw they have the same assets as real accounts. This gives traders a more realistic market condition, making them more familiar with the trading features.  

Key Facts About RoboForex:

Feature	Information
MT5 Demo Account Available	Yes
Account Types	Pro, ECN, Prime, R Stocks Trader, ProCent, and Demo Accounts
Leverage	Prime (1:300), ECN (1:500), R StocksTrader (1:500), ProCent (1:2000), and Pro (1:2000)
Platform	MT4, MT5, R StocksTrader, R Mobile Trader, and R WebTrader
Spreads	0.0 pips (Prime, ECN), 0.02 USD (R Stocks Trader), 1.3 pips (Pro, ProCent)
Tradable Instruments	Forex, Stocks, Indices, Commodities, Cryptocurrencies, ETFs, Metals, Futures, Energies
Valid Days	Unlimited
Commission	$0 (Pro and ProCent)Available (Prime, ECN, and R StocksTrader)
Virtual Funds (customizable)	Up to $100,000
Trading Tools	Market analysis, Market holidays, Market trading hours, Trading calculator, and Economic Calendar
Regulation	Financial Services Commission
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

Moneta Markets is another top pick for one of the best MT5 demo accounts. It is popularly known for providing traders with over 1000 tradable instruments. At WR Trading, we researched Moneta and found their MT5 demo accounts among the easiest and fastest to open. 

These accounts have customizable features, where traders can choose their preferred balance and leverage. We also saw that the demo accounts have ProTrader tools like economic calendars and trading indicators, making them one of the best choices for seasoned traders.

Key Facts About Moneta Markets:

Feature	Information
MT5 Demo Account Available	Yes
Account Types	Direct STP, Prime ECN, Ultra ECN
Leverage	1000:1
Platform	MetaTrader 4, MetaTrader 5, Pro Trader, AppTrader, CopyTrader App, MT4 WebTrader, and MetaTrader App
Spreads	From 0.0 pips
Tradable Instruments	Forex, Indices, Commodities, Shares, ETFs, Bonds, Share CFDs, Metals, Energy, Crypto CFDs, and Index CFDs
Valid Days	Unlimited
Commission	$1(Ultra), $3(Prime)
Virtual Funds (customizable)	From $1,000 to $100,000
Trading Tools	Economic calendar, Technical views, and Market buzz
Regulation	Financial Sector Conduct Authority (FSCA), SLIBC
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 is sixth on our list because it offers one of the best MT5 demo accounts. It also offers traders tools for evaluating signal providers, automated trading, and trying out new strategies. We also noted that Pepperstone has only two account types: Razor and Standard. 

These accounts expire after 60 days, and traders can only make multiple accounts if they open a live account. WR Trading also saw an activity requirement where a demo account may be archived if inactive for 90 days. 

Key Facts About Pepperstone:

Feature	Information
MT5 Demo Account Available	Yes
Account Types	Razor and Standard
Leverage	Retail clients (1:200) and Professional clients (1:500)
Platform	MetaTrader 4, MetaTrader 5, cTrader, Pepperstone Trading Platform, TradingView, Pepperstone Mobile App
Spreads	From 0.0 pips
Tradable Instruments	Forex, Indices, Commodities, Shares, ETFs, Metals, Currency Indices, Cryptocurrencies
Valid Days	60 days
Commission	$3.5 per lot side (Razor account)
Virtual Funds (Customizable)	From $200 to $50,000
Trading Tools	VPS, SmartTrader, cTrader Automate, Autochartist, and API
Regulation	ASIC, FCA, DFSA, BaFin, CySEC, SCB, and CMA
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 offers an MT5 demo account with tailored features for seasoned and new traders. WR Trading noted that traders can have an MT5 demo account for an unlimited period, as there are no expiration dates. However, we later reported that their accounts can expire after 30 days of inactivity. 

Traders can customize their account balance, practice their trading strategies, and become familiar with forex trading platforms without considering monetary risks. Their MT5 demo accounts also have the same features as their live trading accounts, making it easier for them to transition. 

Key Facts About IC Trading:

Feature	Information
MT5 Demo Account Available	Yes
Account Types	Raw and Standard
Leverage	1:1000
Platform	MetaTrader 4, MetaTrader 5, WebTrader, cTrader
Spreads	From 0.0 pips (Raw Account) and 0.8 pips (Standard Account)
Tradable Instruments	Forex CFDs, Indices, Commodities, bonds, stocks,  Gold and Cryptocurrencies
Valid Days	30 days
Commission	$3.5 (Raw MetaTrader), $3 (Raw cTrader), and $0 (Standard) per lot side
Virtual Funds	Up to $100,000
Trading Tools	Alarm manager, Correlation trader, and Trade Terminal
Regulation	FSC
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

XM is a popular MetaTrader-only broker known for its low stock Contract For Difference (CFD) and educational resources. It also has one of the best MT5 demo account features. During our research, we noted that XM automatically gives traders a $10,000 Standard account with a leverage of 1000:1 on the MT5 demo account. 

However, this is subject to change as traders can customise this account or choose another, such as the Ultra Low Standard account type. Both account types have multiple base currency options and a minimum trade volume of 0.01 Lots.  

Key Facts About XM:

Feature	Information
MT5 Demo Account Available	Yes
Account Types	Micro, Standard, Ultra-Low Standard, Shares
Leverage	From 1:1 to 1000:1
Platform	MT4, MT5, XM WebTrader, XM Mobile App
Spreads	Standard (1.6 pips), and Ultra Low Standard (0.8 pips)
Tradable Instruments	Forex, CFDs on Stocks, Commodities, Energies, Metals, Cryptocurrencies, Futures, Energies, Metals, Turbo Stocks, Thematic Indices
Valid Days	Unlimited, subject to closure after 60 days of inactivity
Commission	Zero commission ( Micro, Standard, Ultra low Standard), Available (Shares)
Virtual Funds	$1,000 to $5,000,000
Trading Tools	Economic calendars, Price alerts, and Forex market analysis
Regulation	CySEC, FSC
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

The MT5 demo accounts at FBS cater to the many trading styles and leverage needs of both new and experienced traders. Although they offer only one demo account type, the Standard, traders can customise it according to their preferences. 

We also noted that FBS Standard demo accounts have an analytics and education section divided into beginner, intermediate, and advanced traders. This makes FBS the perfect option for all traders looking to learn and enhance their trading skills. 

Key Facts About FBS:

Feature	Information
MT5 Demo Account Available	Yes
Account Types	Standard, Cent
Leverage	From 1:1 to 1:3000
Platform	MetaTrader 4, MetaTrader 5, FBS App
Spreads	From 0.7 pips
Tradable Instruments	Forex, stocks, indices, cryptocurrencies, metals, energies, Futures
Valid Days	None, subject to closure after 90 days of inactivity
Commission	Varies by account type, from $0 to commission-based
Virtual Funds (customizable)	Up to $100,000
Trading Tools	Economic calendars, VPS, and Trading calculators
Regulation	FSC, CySEC, ASIC
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

VT Markets is also one of the top platforms known for its competitive spreads, high-leverage options, and MT5 demo accounts. The MT5 demo account comes in two types, the Standard STP and Raw ECN. Traders can customise these accounts to have a leverage of up to 500:1 and a virtual account balance of up to $100,000. 

We also noted that the accounts have a 90-day limit, which is relatively high compared to some platforms. Traders also have unlimited access to all the tools on the platform to practice risk-free real-time trading and pricing. 

Key Facts About VT Markets:

Feature	Information
MT5 Demo Account Available	Yes
Account Types	Standard STP and Raw ECN
Leverage	Up to 500:1
Platform	MetaTrader 4, MetaTrader 5, WebTrader, TradingView, VT Markets App
Spreads	From 0.0 pips (Raw ECN) and 1.2 pips (Standard STP)
Tradable Instruments	Forex, Commodities, Shares, Cryptocurrencies, Indices, ETFs, CFD Bonds, CFD Shares, Precious Metals, Energies
Valid Days	90 days
Commission	$6 (Raw ECN), $0 (Standard STP) per round turn
Virtual Funds	From $1,000 to $100,000
Trading Tools	Economic calendar, Trading signal, and Market buzz
Regulation	ASIC, FSCA, and MU FSC
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 MT5 Demo Account?

An MT5 demo account is a free account offered by brokers. These are practice accounts often funded with free virtual funds so traders can test and practice trading strategies risk-free. They give traders a simulated trading environment with the same functionality as the real ones. 

How to Sign Up for a Free MetaTrader 5 Demo Account

To sign up for a free MetaTrader 5 demo account, follow these easy steps:

1. Log in to your broker’s website
2. Look for the demo account section 
3. You can create a demo account by entering your details, such as name, email, phone number, and country of residence.
4. Select MetaTrader 5 as your trading platform
5. Accept the terms and conditions 
6. Click submit

Pros and Cons of MT5 Demo Trading

WR Trading also reviewed some of the pros and cons of the MT5 demo trading. 

Pros

• MT5 has extensive analytical trading tools, such as charts and technical indicators, that traders can use for more in-depth market analysis.
• We also saw that MT5 users have more free trading options. This is because MT5 has several features that suit different demo trading styles.
• MT5 also supports hedging and netting options
• Another pro of MT5 is its algorithmic trading, which enables traders to build and improve their trading strategies. 

Cons

• We noted that the MT5 mobile version has charting limitations, which make trading on the go difficult. 
• There are also limited automated trading tools and Expert Advisors (EA) for MT5, which limits the options for automation.

When to Change Your MT5 Demo Account to an MT5 Live Trading Account?

It could take anywhere from 3 months to 6 months to change your MT5 demo account to a live trading account, depending on how long you’ve been profitable and disciplined while trading with the demo account. 

Are MT5 Demo Accounts Unlimited?

Yes, most MT5 demo accounts have unlimited availability. However, the duration and availability of MT5 demo accounts depend on the broker. Although most brokers have no strict time limits, some have a 30-day, 60-day, or 90-day time limit. 

How Much Virtual Money Can You Add to Your MT5 Demo Account?

Most trading brokers set their default amounts to range from $10,000 to $100,000, while for some brokers, it is much lower or higher. However, some brokers allow traders to top up their virtual money if their trading balance drops too low. 

Are There Differences Between Live and Demo Accounts? 

Yes, there are differences regarding execution between live and demo accounts. Executions on demo accounts are not directly comparable to trades placed on live accounts because, for demo accounts, the trades are not passed into the real market. 

Also, the spreads on a demo account are often low, which gives traders a favourable trading environment. In contrast, in a live account, the spreads reflect real-time market conditions due to factors like market volatility. 

Conclusion

Choosing the best MT5 demo account is essential in finding a simulated trading environment that aligns with your needs. At WR Trading, we’ve explored these top 10 free MT5 demo accounts that offer features to make your journey smooth. Whether a seasoned or beginner trader, you can build your trading techniques and confidence with these demo accounts.

Frequently Asked Questions on MT 5 Demo Accounts