10 Best MetaTrader 5 (MT5) Demo Accounts for Free

A MetaTrader 5 (MT5) demo account is a free trading account with virtual funds that allows beginners and professionals to practice in a controlled environment. These demo accounts simulate real trading conditions; as such, setups can be tested, MT5 advanced tools explored, and experience gained without any financial risk.

We reviewed the best MT5 demo accounts based on their duration limits, user-friendliness, spreads, and instruments available for trading on the platform. We have shortlisted those accounts that are realistic, flexible, and reliable at any trading level, so that you will find the best MT5 demo account here:

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 Vantage Markets

At WR Trading, we reviewed the MT5 demo accounts offered by Vantage Markets. Here, we saw that Vantage Markets offers traders up to $100k virtual funds on their MT5 demo accounts for practice. They also offer traders risk-free trading strategies and tools.

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

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

#2 StarTrader

StarTrader is our 2nd top recommendation for MT5 demo accounts, especially for traders who want a seamless and user-friendly experience. The platform provides instant access to an MT5 demo account, making it ideal for both beginners testing the basics and professionals refining strategies.

We found that StarTrader’s demo account setup is not just straightforward, but it comes with customizable leverage of up to 1:1000 and virtual balances that mirror real market conditions. The broker also offers competitive spreads and a wide range of instruments, giving traders a realistic environment to practice in.

Key Facts About the StarTrader:

Feature	Information
MT5 Demo Account Available	Yes
Account Types	Standard, ECN, Cent, Islamic
Leverage	Up to 1:500
Platform	MetaTrader 5, MetaTrader 4, WebTrader, StarTrader App
Spreads	From 0.1 pips (ECN), from 1.2 pips (Standard)
Tradable Instruments	Forex, Indices, Commodities, Shares, Cryptocurrencies, Energies, Metals
Valid Days	30 days (renewable by creating a new account)
Commission	$0 (Standard), $3 per lot (ECN)
Virtual Funds	Up to $100,000 (customizable)
Trading Tools	Economic calendar, Trading signals, Market analysis, Copy trading options
Regulation	ASIC (Australia), FCA (UK), SCA, FSCA, FSC, FSA
Accepted Currency	USD, EUR, GBP, AUD, JPY, CAD, SGD, ZAR
Customer Support	24/7 via Live Chat, Email (info@startrader.com, compliance@startrader.com)

#3 RoboForex

RoboForex 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

#4 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 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

#5 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

#6 Pepperstone

Pepperstone is sixth on our list because it offers one of the best MT5 demo accounts. It offers traders tools for evaluating signal providers, automated trading, and trying out new strategies. We 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 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 customise their account balance, practice their trading strategies, and become familiar with forex trading platforms without considering monetary risks. Their MT5 demo accounts 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-cost contracts for difference (CFD) and educational resources. It 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 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 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 noted that the accounts have a 90-day limit, which is relatively high compared to some platforms. Traders 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 trading account, powered by virtual funds, offered by brokers on the MetaTrader 5 platform. This account enables traders to exercise strategies under real market conditions without placing any real money at risk. Since this account simulates a live account, both novices and professionals get the opportunity to practice with advanced MT5 functions in a risk-free environment.
By offering you a safe space to refine your skills, MT5 demo accounts help you build confidence when moving from simulation to real markets

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:

• Say you are ready to start your MT5 demo trading journey and your broker of choice is Vantage Markets. Here is how you go about it:
• Register for demo trading and download the Vantage Markets MT5 platform from the official website, and install it on your PC or mobile 
• Run the MetaTrader 5 platform on your PC
• Sign in on the MT5 platform by inputting the details you received in your email when you registered for demo trading. This will include your account number and password. 
• Select the appropriate trading server.
• After you have completed this activity, click on login. You will be automatically logged in to your newly opened demo account.

Pros and Cons of MT5 Demo Trading

We reviewed some of the pros and cons of MT5 demo trading with the brokers we listed. These are the most notable ones below: 

Pros

• MT5 has extensive analytical trading tools, such as charts and technical indicators, that traders can use for more in-depth market analysis.
• MT5 users have more free trading options. This is because MT5 has several features that suit different demo trading styles.
• MT5 upports hedging and netting options
• Another pro of MT5 is its algorithmic trading, which enables traders to build and improve their trading strategies. 
• Demo accounts are completely risk-free, giving traders the chance to practice with virtual funds and build confidence before committing real money

Cons

• We noted that the MT5 mobile version has charting limitations, which make trading on the go difficult. 
• There are limited automated trading tools and Expert Advisors (EA) for MT5, which limits the options for automation.
• Execution speeds on demo accounts may differ from live trading, which means results in a demo environment don’t always reflect real market conditions.

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

The transition from demo to real trading on the MT5 usually takes a couple of months of being consistently profitable and disciplined in practice. However, beginners are encouraged to take their time and track their performance by journaling their trades. This will help them recognize their strengths and mistakes. Such a habit also fosters the discipline required to successfully cope with real trading conditions.

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 key differences between a live and demo MT5 account. Demo accounts are made to simulate the real market conditions; however, they do not always reflect the exact execution in live trading. Variations in order fills, slippage, and latency frequently exist and are noticeable when comparing a demo account to a real account.
Live MT5 accounts trade with real market conditions, based on actual volatility, liquidity, and broker conditions. As such, traders fully experience the challenges and opportunities of trading within such dynamic markets.

Conclusion

Choosing the right MT5 demo account is a critical first step for any trader, whether you are just starting out or already experienced. The best demo accounts provide a free and risk-free environment with virtual funds, realistic market simulations, customizable balances, and access to MT5’s advanced trading tools. 

Don’t just pick any MT5 account to practice your trading, as it could have a ripple effect on your live trading performance. Consider our top MT5 accounts from Vantage Markets, StarTrader, RoboForex, Moneta Markets, and BlackBull. Each of the demo accounts listed gives you the opportunity to track your performance while building your confidence for live markets.

Frequently Asked Questions on MT 5 Demo Accounts