Forex Brokers that Provide Free Demo Top-Ups

Forex demo accounts have unlimited benefits. With the virtual funds they provide, you can learn as much as you like or trade with any strategy you want to test without risk. But the problem is, what if the funds in the demo account run out?

You can easily open a new forex demo account, but it can be very troublesome if you want to continue trading with the setup that you have previously relied on.

That's why, many traders are looking for the convenience of free top-ups for forex demo accounts. Unfortunately, not all forex brokers provide such a feature. They prefer to take the easy route, which is suggesting their clients open a new demo account once their virtual funds have run out.

They overlook the fact that trading on a forex demo account will be much more practical and efficient if the balance can be topped up without having to open a new one. If you want this convenience, the following forex brokers can provide a solution:

FBS

FBS demo account is ideal for beginners who want to start their forex trading journey. This account offers floating spreads from 0.7 pips and leverage up to 1:3000. Traders can open a maximum of 500 positions and pending orders, with order volumes ranging from 0.01 to 500 lots. Market execution is just around 0.3 seconds on MT5 and MT4. This account also supports a variety of instruments including 28 currency pairs, 16 exotic pairs, 4 metals, 11 indices, and 5 energies.

To top up FBS demo account balance, traders only need to click "Add Funds" in the Personal Area and fill in the desired amount. This balance can also be added at any time without having to wait for the balance to run out first.

Exness

You can use a demo account in Exness broker with their sophisticated platform called the "Exness Terminal". It is ideal for traders of all levels and offers more than 50 tools as well as 100+ popular indicators.

Funding your demo account is also easier and more flexible. Simply add virtual money from the Exness Personal Area to continue trading from the same demo account. Additionally, the demo leverage can be adjusted to suit your risk and preferred asset type.

XM

You can register for an XM demo account by entering your email address and completing profile registration. Leverage and demo account balance can be reset in the Member Area by activating the "Reset balance" feature.

At XM, you can keep a demo account in parallel with a real account for an unlimited time. Thus, you are free to use a demo account to test your strategy before applying it to a real account.

Admirals

Admirals broker offers free demo accounts for traders who want to explore the world of trading or test new strategies without risking real capital. With access to real-time markets, users can access Admirals demo account on any device and benefit from free market data and the latest economic news. The feature is available for 30 days with a free renewal option.

Balance top-up can be requested easily and for free via the "Account Settings" > "Add / Deduct Funds" menu. Traders can set how much they want to add. The demo account balance will then be updated automatically upon request.

IC Markets

In addition to the instant process of opening a demo account at IC Markets, you are also offered a wide choice of platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. There are also a variety of currency pairs, metals, and CFDs available with attractive spreads.

To top up funds in IC Markets demo account, you only need to click "Fund Now" in the Client Area. IC Markets provides balance top-ups from $200 to $5,000,000. The process can also be done at any time; there is no need to wait for the funds to run out in the demo account.

FxPro

FxPro broker offers a demo trading account where traders can trade CFDs on forex, metals, indices, and more with access to real-time prices. The demo account has an active period of 180 days and allows users to easily add funds via FxPro Direct.

To add more funds to your demo account, simply log in to FxPro Direct, navigate to the "My Account" section, and click on the demo account title. From there, select the “Add Funds” option and fill in the amount to add to your account balance (available from 500 to 500,000 currency units).

FXTM

FXTM broker offers demo accounts for all account types except Invest. Opening a demo account is very easy via MyFXTM portal, where users can select account types, adjust the settings, and start trading with virtual funds. This account is free and does not incur any fees.

Demo accounts at FXTM remain valid as long as there has been trading activity in the last 14 days; otherwise, the demo account will be deleted automatically. Users can top up their demo balance via MyFXTM portal. Cick on the account details used, then choose "Add Funds" to enter their desired balance amount. After clicking the check sign, the balance data will be updated automatically.

Tickmill

Tickmill demo account provides access to over 180 trading instruments across 6 asset classes including forex, stocks, indices, commodities, bonds, and cryptocurrencies. To maintain access, traders need to ensure that they are always active and logged in to their demo account. This is because Tickmill will deactivate demo accounts that have not been opened for 7 consecutive days.

Topping up the balance on the Tickmill demo account can be done in two ways. If you want to change the balance amount, contact the customer support via email. But if you want to reset the balance, you can do it directly in the Client Area.

For your information, you have the freedom to open up to 7 Tickmill demo accounts with the same email address.

MIFX

At MIFX broker, refilling virtual funds in a demo account is only possible after the equity falls below $10,000. To top-up, traders can log in to the Client Area, determine the account in question, then click "Ubah Demo Balance". From there, the virtual balance can be changed into $1000, $5000, $10,000, or $100,000. Traders who prefer using smartphones can also top up their demo accounts via MIFX mobile app.

In Closing

Of the many extra facilities and services from forex brokers, free demo top-up is a beginners' necessity that is often overlooked. Not many understand that the efficiency of refilling your virtual balance is substantial if you want to continue testing your trades with a particular strategy.

Therefore, some forex brokers above could be the right choice for you to consider. But remember, free demo top-ups is only one advantage. When choosing the best broker, paying attention to the main parameters such as security, spreads, deposits and withdrawals, and executions should be your priority.