Open a forex demo account

Q: What do I get with a forex demo account?

With our demo account, you get access to most of the features and tools available with a live account, and you'll be using virtual funds, rather than real money. You can also access other markets, including indices, commodities and shares. Practise forex trading risk-free, using of virtual funds. If you're traded before and are ready to get started for real, you can also open a live account.

Q: Which forex pairs can I trade?

You can trade on over forex pairs with us, including majors like EUR/USD, GBP/USD and AUD/USD, with spreads from just pips. Our offering also includes minor and exotic pairs. Visit our forex trading page for more information, or learn more about forex currency pairs.

Q: What are your spreads and margin rates on forex?

Our spreads start from just pips on EUR/USD, 0.6 pips on AUD/USD, and 0.7 pips on EUR/GBP. Margin rates on our most popular forex pairs start from 3.34%, which is the percentage of the total trade value that you need to put forward to open a position.

Q: What are the main risks of forex trading?

Trading on the foreign exchange market, like all trading, involves risk. It's important to create and stick to a trading plan or strategy, and carry out research on the market you're looking to trade. This could include fundamental and technical analysis, or a combination of the two. Trading with leverage allows you to gain greater exposure to the market with your initial margin, or deposit, but it's important to remember that your profits and losses will be amplified based on the full value of the trade. Learn more about managing your risk

Q: Is it free to open an account?

There's no cost to open a live trading account with us. You can also view prices and use tools such as charts, Reuters news, or Morningstar quantitative research equity reports, free of charge. You'll need to deposit funds in your account to place a trade.

Q: Is CMC Markets regulated?

Yes, CMC Markets UK plc (registration number 173730) is fully authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Retail client money is held in segregated client bank accounts and money held on behalf of clients is distributed across a range of major banks, which are regularly assessed against our risk criteria.

Q: Is CMC Markets covered by the FSCS?

Yes, your eligible deposits with CMC Markets are protected up to a total of by the Financial Services Compensations Scheme (FSCS), the UK's deposit guarantee scheme. If CMC Markets ever went into liquidation, retail clients would have their share of segregated money returned, minus the administrator's costs in handling and distributing these funds. Any shortfall of funds up to may be compensated under the FSCS.

Q: How does CMC Markets segregate client money?

Under the FCA's Client Money rules, we're required to segregate client money (unless you agree with us otherwise) from CMC's own funds. The funds held in segregated bank accounts do not belong to CMC, and will be held in a way that enables it to be identified as client money. Learn more about client money regulations

Q: How does CMC Markets make money?

CMC Markets earns revenue through spreads and other applicable fees and charges. The fees and charges that apply may vary depending on the product and account type.

Discover forex trading and spread bet or trade CFDs on over 300 forex pairs, at home or on the go.

Open a demo account

Key benefits

Open a forex demo account for free

Get £10,000 of virtual funds

Experienced customer service whenever the markets are open

Trade on the go with our award-winning trading app¹

Test your forex trading strategy, risk-free

Financial Conduct Authority regulated

Protected up to £85,000²

2026 WINNER

Best Spread Betting Broker

Good Money Guide Awards 2026

2025 WINNER

Best Mobile Trading Platform

ADVFN International Financial Awards

2025 WINNER

No.1 Commissions & Fees

ForexBrokers.com Awards

What is forex trading?

Forex trading is the simultaneous buying and selling of the world’s currencies on a decentralised global market.

One of the largest and most liquid financial markets in the world, its total average turnover per day is reported to exceed $5tn.

The forex market is not based in a central location or exchange so is open to trade 24 hours a day, from Sunday night through to Friday night.

How to start forex demo trading

Apply

Just enter your email address and a password, then we’ll send you a verification message to get started.

Explore

Get to know the platform: discover the product library, market calendar, and much more.

Learn

Learn how to trade forex, and work on your strategy with £10,000 of virtual funds.

Start trading

Why trade forex with us?

We've got your pair

More forex pairs than any other broker¹ If you want it, we've probably got it.

Exclusive instruments

Get exposure to multiple currencies in a single trade with our range of 12 forex indices.

Dedicated customer service

Experienced customer service available 24/5, whenever you're trading.

Precision pricing

We combine multiple feeds from tier-one banks, to get you the most accurate bid/ask price.

Guaranteed stop-loss orders

Get 100% certainty that your stop-loss will be executed at the price you choose.

Diverse range of markets

Trade on 21,000 global instruments from one platform, including indices, FX, commodities, shares and ETFs.

FAQs

New to forex trading?

What do I get with a forex demo account?

Which forex pairs can I trade?

What are your spreads and margin rates on forex?

What are the main risks of forex trading?

New to CMC Invest?

Is it free to open an account?

Is CMC Markets regulated?

Is CMC Markets covered by the FSCS?

How does CMC Markets segregate client money?

How does CMC Markets make money?

Any questions?

Email us at

clientmanagement@cmcmarkets.co.uk

or call on +44 (0)20 7170 8200

We're available whenever the markets are open, from Sunday night through to Friday night.

¹Recent awards include: Best Spread Betting Broker, Good Money Guide Awards 2026; No.1 Most Currency Pairs & Best-in-class for Overall Excellence, MetaTrader, Mobile Trading App, Professional Trading, Research & TradingView, ForexBrokers.com Awards 2026; Best Broker for Active Traders, Professional Trader Awards 2025; Best Mobile Trading Platform and Best Spread Betting & CFD Education Tools, ADVFN International Financial Awards 2025; No.1 for Commissions & Fees, ForexBrokers.com Awards 2025.

²XX

³0.009 seconds CFD median trade execution time on CMC Markets' web and mobile platforms, 1 April 2024-31 March 2025.