What can you trade with demo account?

A common question is: is the trading demo simulator limited to currency pairs, or can you try other assets as well? Usually, brokers aim to make their demo platforms as close to real trading as possible, so the set of available instruments often matches.

Of course, the main focus is the currency market. Therefore, any foreign exchange demo account will give you access to major, minor, and exotic currency pairs. You can practice trading the euro against the dollar or the Australian dollar against the Swiss franc - the options are vast.

In addition to that, brokers offer demo access to:

● popular global indices;
● commodities (gold, oil, agricultural products, etc.);
● stocks of recognized companies;
● cryptocurrencies (Bitcoin, Ethereum, and others).

In fact, the specific list of available markets depends on the broker you choose. For instance, Weltrade offers practice in trading synthetic indices. So when you're figuring out how to create a demo account on a particular platform, be sure to check information about available instruments.

Here are the main areas you can explore:

If you're drawn to the style of trading within a single day, where positions are opened and closed within the same trading session, a day trading demo account is what you need. However, there is one nuance: the broker’s server time may not match yours. Nevertheless, it is the server time that determines the boundaries of the trading day on the platform, which is important for daily charts and strategies tied to session times.

In contrast, there is overnight trading. This strategy involves traders holding positions after the market closes and selling them when the market opens the next day.

This is the foundation of any foreign exchange demo account. You will gain access to a wide range of currency pairs - from the most popular (such as EUR/USD, GBP/USD) to less common ones. It’s a great opportunity to understand in practice how currency demo trading works and what affects price movements.

Interested in stock market and shares of well-known companies? Many brokers allow you to practice in this area with a demo account. Usually, this refers to trading Contracts for Difference (CFD) on stocks. This means you can hone your demo stock trading skills, learn to analyze the price movement of giants like Apple or Tesla, and react to them without actually purchasing the securities.

For traders focusing on CFDs, in most cases, provided trading demo account will include Contracts for Difference (CFD) on options and/or binary options.

However, access to classic exchange-traded options for practice is not provided by all brokers. You need to clarify this with the specific broker.

Similar to options, most often on demo accounts, you can encounter CFD trading on futures (such as on indices, currencies, or commodities like metals), rather than direct access to futures exchanges.

Futures contract itself is an agreement to buy or sell an asset at a specified time in the future for a fixed price. This allows investors, as well as traders, to speculate on anticipated price changes without actually owning the underlying asset (such as barrels of oil or tons of wheat).

If you want a computer program to trade for you, it is possible to implement this by setting up trading robots. They work according to a pre-programmed algorithm, meaning they analyze the market and manage trades on their own. You can find ready-made robots on specialized platforms, for example, on MQL5.com.

It sounds interesting, but how can you know if this robot will actually make a profit instead of losses? Launching an untested program directly with real money is risky, and that's where installing trading robots on a Forex.com demo account will come in handy. Sometimes, you can even test the assistant on historical data, i.e., on past price charts.

Expert options are associated with platforms for trading binary options or similar instruments with fixed profit/loss. If a broker offers this type of trading, there will most likely be a demo mode available for expert options demo trade to familiarize yourself with the platform's features and the mechanics of the trades.

Interest in digital assets is growing, so it’s logical that brokers offer traders the opportunity to try trading the most well-known coins – Bitcoin, Ethereum, Litecoin, etc. This type of demo trading Forex is most often implemented in the form of CFDs. You will learn to profit from cryptocurrency price fluctuations, without actually buying or holding the coins themselves.