Choosing the right forex broker can be an overwhelming task for many. You need to check for the experience in business, financial stability, reasonable spreads as well as good customer service. We have formulated a list of online forex brokers which fulfil the above mentioned requirements. Besides, they also offer free demo accounts for forex.

Fxcm

Fxcm is one of the most recognized online forex brokers. People can open a micro account for $25. it happens to be a great platform to trade, since it offers a selection of free tools, online courses and seminars to the beginners. They have the lowest spreads on these micro accounts and they offer two trading platforms – FX trading station 2 and metatrader 4. However, the free forex demo account is available with the FX trading station 2 only.

ForexYard

ForexYard is another popular forex broker in the world today. The company was introduced in 2006 and they pay a lot of importance to customer service. There are three kinds of automated forex accounts available here – the free demo account on FX trader, Metatrader 4 as well as a java based platform.

Easy Forex

Easy Forex is another online broker that gives excellent spreads to its customers. They have been in the business since 1999 and they support a majority of global languages. Besides, they offer base currencies from 12 dissimilar currencies. They have a web based trading platform. There are no downloads or installations required with this free demo forex account.

eToro

eToro is one of the most fascinating forex broker. The trading platforms here are based on computer games, instead of traditional trading software. A few of these platforms include a tug of war or a marathon between currencies. They also offer weekly challenges on their free forex demo accounts.

CKfx

CKfx offers reasonable spreads with its currency pairs. One of their most impressive promotions is that they allow the clients to transfer their profits from the demo account to the real account.