A guide to choosing the best Forex simulators for 2025

09, Dec - BLOG

Forex simulator is an innovative software designed to simulate the performance of the foreign exchange market. It is a tool that allows traders to immerse themselves in the dynamics of trading by buying and selling currencies in a virtual mode. Thanks to this simulator, users can safely test their strategies by watching how they perform in real market conditions, but without the risk of loss. Constant data updates make the simulation as close to the current market situation as possible, and access to all trading features and options provides a full range of opportunities to learn the intricacies of Forex.

Today there are many interesting courses for beginner traders, but most of them are theoretical in nature. Therefore, there should be a way for beginners to put their knowledge into practice. Forex simulators have been developed for this very purpose. They allow beginners to learn a lot about Forex trading, and more experienced traders to hone their strategy.

Top 3 best Forex account simulators

1. AvaTrade trading simulator account

AvaTrade is a globally recognised online broker founded in 2006 and regulated in Europe, including CySEC in Cyprus and the regulatory authorities in Ireland. With over 200,000 customers worldwide, AvaTrade is one of the market leaders.

For beginners, AvaTrade offers a convenient Forex simulation account that provides a risk-free way to learn the basics of trading and platform features. Users receive a notional balance: on one account it can be 100,000 dollars, on another it can be 10,000 euro, depending on the version chosen. This demo account is suitable for both computers and mobile devices, allowing you to test strategies, copy trades of experienced traders and learn how to invest in Forex, stocks and CFDs. Opening such an account takes a minimum of time, and the transition from virtual trading to a real account is quick and easy, giving investors a comfortable start in the market.

2. Libertex trading simulator account

Founded in 1997, Libertex has become one of the best and long-established brokers in the Forex market. It is one of the largest players in the Forex market and is based in Cyprus. Libertex currently has around 2,000,000 clients in more than 120 countries around the world. 

Libertex has won more than 100 international awards during its existence. The best online broker recommended for beginner traders. It has several educational resources (training videos, Forex simulator, etc) to help educate beginners. Libertex Forex Simulator has a virtual balance of 50,000 euros, which allows professional traders to improve their skills and beginners to learn. The demo account at Libertex has no expiry date.

3. MetaTrader trading simulator account

The MetaTrader platform is rightly considered to be the best choice for those who want to start their Forex trading experience with the help of a simulator. It is the most popular and functional of all simulation platforms, providing users with advanced online currency trading capabilities. MetaTrader, especially the MT4 version, enjoys wide support among online brokers, making it a versatile tool for both novice traders and more experienced users.

This platform offers not only a user-friendly interface and powerful features, but is also an excellent learning tool. Beginning traders are recommended to choose MT4 as most brokers actively use it, which provides access to a lot of tutorials and support. With this platform, beginners can learn valuable trading skills while experienced traders can improve their strategies.

MT4 also allows trading a wide range of assets, giving users the ability to choose the notional amount for a demo account that best suits their needs. With over 50 technical indicators and real-time display of Forex market fluctuations, traders can feel confident and adapt to real market conditions.

Advantages of trading on simulators

Trading on simulators is an ideal way to learn the basics of Forex trading. Users can learn the basic concepts and principles of trading, which is especially important for those who are just starting out in the financial industry. Simulators allow you to learn without the risk of losing your own money, which reduces stress levels and allows you to focus on understanding the mechanisms of trading.

In addition, simulators help to gain a deeper understanding of how financial markets and instruments work. Users can explore a variety of assets, test different strategies and learn how to use professional analytical tools. Simulators allow you to work even with expensive currencies, which allows you to understand the peculiarities of their behaviour without the need for real investments.

Among other things, trading on simulators develops confidence and discipline necessary for success in real conditions. Traders can analyse their actions, avoid impulsive decisions and hone their individual trading style. This process builds emotional resilience and risk management skills, which ultimately becomes the key to success in the real markets.

Disadvantages of trading on simulators

One of the main limitations is the inability to practice scalping, a strategy based on profiting from short-term trades. Simulators often do not provide the market conditions necessary to effectively practice this approach, making them less suitable for traders who prefer this style of trading.

In addition, simulators do not allow traders to develop the ability to control emotions. Virtual trades are devoid of the risk of real financial losses, so users lack the emotional pressure that is essential in making decisions in the real market. As a result, the emotion management skills that are so important for successful trading remain underdeveloped.

Conclusion

Forex simulators have become an important tool for beginners and experienced traders, providing a safe environment to learn and test strategies without the risk of loss. They help to master the principles of financial markets, learn how to manage assets and explore different trading approaches. While they may not be able to fully capture real market conditions or help develop emotional resilience, their value in teaching and preparing for real trading remains undeniable. Choosing the right simulator can be a key step towards a successful trading career.