The forex broker can basically be defined as a person or investment partner with whom you can open an account to carry out trade in the forex market. A good broker can help you reap maximum financial rewards whereas a bad one can leave you a pauper. One of the biggest decisions new traders have to make is which Forex broker he or she is going to use. After all, the broker has to be supportive, provide an easy to use interface, and make your trading as simple and fast as possible.

With so many Forex brokers to choose from, it can be tricky business to find the ideal forex broker that suits your trading style & preference. Listed below are the top reliable online FX brokers that offer free forex demo accounts for interested parties.

Fxcm

Fxcm is probably the most recognizable online FX broker on the planet. A great place for forex newbie to trade with a assortment of free tools seminars and online courses. A micro account can be opened with just $25.They offer two trading software for clients, MetaTrader 4 and Forex Trading station II. They  have the lowest spreads on a micro account anywhere on the net. Fxcm free demo account is only available on their FX Trading Station II platform.

Forexyard

Forexyard Is a rather well known broker that has been in business since 2006. They are a niche forex broker with strong emphasis on providing excellent customer service to their clients. Their service consists of online trading tools, access, and educational programs for both beginners and expert traders to use. They also offer three main types of FX automated accounts along with free forex demo accounts on FX Trader, a java based platform and the much loved Metatrader 4.

Easy Forex

Easy Forex is another good broker that gives forex traders exceedingly good spreads. They have been active in the business ever since 1999. Support for main global languages are offered as well as amazing base currencies from 12 different currencies.There is no annoying software to deal with when using Easy-Forex.com. Their trading platform is based on web. As such, their free forex trade simulator account is also web-based with no downloads and installing necessary.

CKfx

CKfx is an introducing FX broker for Forexyard. Overall they seem to be alright with reasonable spreads across all their currency pairs. They also have the most impressive promotion on the market, allowing customers to transfer demo profits to their real accounts. Their current promotion is impressive with the ability to transfer profits from their free FX demo account to live accounts.

eToro

eToro is a very fascinating in addition to unique FX broker. Their trading platforms are modeled after PC games rather than typical FX trading system. Some of their game like platorms include a marathon between currencies and even a tug of war. They also have weekly challenges on their free forex demo accounts. Participants can win real cash prizes with their demo money.

Avafx

Avafx also has some especially stellar promotions running. On their smallest accounts (Silver), they top up the account with $100 of their own money once the $300 minimum requirement is fulfilled. In short, all new customers get $100 free on their silver accounts. Avafx started business in 2006 and have been a solid player thus far. Their trading platform is the Ava Trader and is available for download upon filling up their free FX practice account form.

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