Best Stock Trading Demo Account 2022
If you’re looking to trade stocks online but want to test the waters first – a demo trading account will allow you to do so. In doing so, you will be able to buy and sell stocks using ‘paper money’ – meaning that you can trade without risking any of your capital.To get more news about
eToro Demo Account, you can visit wikifx.com official website.
In this guide, we review the popular stock trading demo account platforms for 2022 and walk you through the process of getting started today.
The popular stock trading demo accounts will look to mirror live market conditions and provide users with the chance to invest in plenty of assets and markets as well.
1. eToro
eToro is a popular online broker that now boasts a client base of over 26 million traders. This brokerage site covers an abundance of day trading assets – including commodities such as coffee or sugar, forex, indices, and cryptocurrencies. However, it is the stock trading department where eToro really stands out. This is because you will have access to thousands of stocks from 17 markets.
This includes NASDAQ and NYSE in the US, as well as the UK’s London Stock Exchange. You can also trade stocks from Hong Kong, Saudi Arabia, Germany, the Netherlands, France, and more. You can access these markets via the eToro stock demo trading account – which comes pre-loaded with $100k in paper funds. The demo account mirrors live market conditions, so you can get a real understanding of how stock trading works in a risk-free manner.
You don’t need to deposit any money to use the trading demo facility, albeit, you will need to open an account. This should, however, take you less than a few minutes. If you decide to start trading stocks with real money, you’ll be pleased to know that eToro does not charge any commission or dealing fees. Plus, the minimum stock trade is just $10 – meaning eToro supports fractional stocks. You can easily deposit funds too – as the broker supports debit/credit cards, Paypal, bank transfers, and other e-wallets.
2. Capital.com
If you’re completely new to online stock trading, then Capital.com allows you to begin with a minimum deposit of $20. However, you don’t need to deposit any funds to gain access to the Capital.com online trading demo account for stocks.
On the contrary, all you need to do is register. The platform hosts over 2,400 stocks from a wide variety of exchanges. This covers markets in the US, UK, Europe, Asia, and more. Spreads are very tight at Capital.com and best of all – the platform is commission-free.
Most newbie traders use the native Capital.com web trading platform, albeit, MT4 is supported too. You’ll find lots of educational and research tools on this platform – including videos, webinars, and guides. The CFD broker – which is regulated by the FCA and CySEC, allows you to deposit funds with a debit/credit card, e-wallet, and bank transfer.
3. Libertex
Many of the stocks hosted by Libertex can also be traded without paying any commission. Some stock markets do attract a commission, but this is usually less than 0.1%. When using the Libertex live stock simulator – you can do this via the platform’s web trading platform.Alternatively, you can also connect the day trading demo account to MT4 or MT5. In terms of safety, Libertex is regulated by CySEC and it has a two-decade track record in the trading space. You can deposit funds with a debit/credit card, e-wallet, or bank wire – and the minimum is just $100.
