If you’re asking where to practice forex trading, the best way is to use a demo account from a regulated broker. A demo account allows you to trade in real market conditions with virtual money, so you can learn and test strategies without risking your capital.

Best Places To Practise Forex Trading

1. MetaTrader 4 (MT4) & MetaTrader 5 (MT5)

• Supported by nearly all global brokers
• Offers real-time charts, indicators, and order execution
• Perfect for testing strategies on live markets
• Free to use with any demo login

Top Brokers Offering MT4/MT5 Demo:

• ICICI Direct (India – INR pairs only)
• Pepperstone (Global)
• FXTM
• OANDA

2. TradingView

• Web-based platform with powerful charting tools
• Offers simulated trading with “paper trading” mode
• Great for practising technical analysis and journaling

3. SEBI-Regulated Brokers (India Only)

If you’re in India, practise legal forex trading via demo accounts on:

• Zerodha Kite
• Upstox Pro
• Angel One
  These allow practising with INR-based currency pairs like USD/INR and EUR/INR.

4. Broker-Specific Demo Platforms

Many brokers offer their own demo trading apps:

• eToro – Includes social trading and copy trading features
• Capital.com – Intuitive interface, great for beginners
• IG Markets – Reputed UK broker with strong educational tools

How To Practise Effectively

• Start with one or two major pairs like EUR/USD or GBP/USD
• Use a fixed virtual capital amount (e.g. $10,000) to simulate real risk
• Practise with risk management (use stop-loss, risk 1–2% per trade)
• Keep a trading journal of every trade: entry, exit, logic, and result
• Review your trades weekly to learn from mistakes and wins

Conclusion

If you’re asking where to practise forex trading, the best options are demo accounts with regulated brokers using MT4/MT5 or TradingView, depending on your location. This lets you practise safely while developing your edge.

Want to follow a structured practice path with expert support? Enrol in our Trading Courses at Traders MBA and master forex trading step-by-step — starting with smart practice.