Top Demo Accounts

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Contents

Top 10 Online Demo Trading Accounts 2020

The pioneer of Social Trading is now offering an exclusive opportunity for investors who want exposure to the most popular cryptocurrencies like Bitcoin, Dash, Ethereum and more. Trade crypto 24/7 at eToro with no rollover fees!

  • World’s Leading Social Trading Platform
  • Proven Track Record of Security
  • Unlimited Daily Withdrawals
  • Min. Deposit of 200 to Get Started

easyMarkets was formed by bankers and Forex experts and has been serving the forex market for 18 years, with transparent pricing, fixed spreads and no commissions on deposits or withdrawals.

  • Demo Account is Unlimited
  • Trade CFDs With No Slippage – Ever!
  • No Commissions or Sneaky Fees

Pepperstone has won numerous industry awards for innovation and excellence in CFD Brokerage. Pepperstone is an Australian-based online ECN forex broker with some of the industries lowest spreads.

  • Award Winning CFD Broker
  • No Deposit or Withdrawal Fees
  • Fee-Free Funding Options

T&C’s apply to each of the offers above, click “Visit Site” for more details.

Risk Warning: Users should be aware that all investment markets carry inherent risks, and past performance does not assure future results. Trading of any kind is a high-risk activity, and you could lose more than you initially deposited. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73-89% of retail investor accounts lose money when trading CFDs. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk. Advertiser Disclosure: TopBrokers.Trade is an independent professional comparison site funded by referral fees. The compensation TopBrokers.Trade receives is derived from the companies and advertisements featured on the site. Due to this compensation, we can provide our users with a free comparison tool. Unfortunately we are unable to list every broker or exchange available, however, we do our best to review as many as possible.

The pioneer of Social Trading is now offering an exclusive opportunity for investors who want exposure to the most popular cryptocurrencies like Bitcoin, Dash, Ethereum and more. Trade crypto 24/7 at eToro with no rollover fees!

easyMarkets was formed by bankers and Forex experts and has been serving the forex market for 18 years, with transparent pricing, fixed spreads and no commissions on deposits or withdrawals.

Demo Trading Accounts 101

A demo account is an online trading account used to practice trade strategies and maneuvers, all without risking real money. In the past, this type of practice was carried out on paper, creating a “paper trail” of hypothetical, simulated trades. Thus explaining the term “paper trading,” which refers to practice trading that takes place in an environment with no real money.

Online trading has skyrocketed in popularity, which means that “paper trading” now takes place online as well. Paper trading involves opening a free demo or virtual account, which you will use to simulate trades and manage virtual funds. Most brokers, if they are reputable, offer traders a demo account for free. Whether or not a broker offers such an account is a good litmus test for seeing if their platform suits your trade needs.

Trading with a demo account is often the entry point for traders seeking to trade in the forex market. Demo account trading is similar to flight simulation for pilots; it’s a first step in the process of becoming a pilot.

Advantages of Demo Trading Accounts

The process of signing up for a demo account is a way to test, quickly and without risk, the broker’s trading platform to see if it meets your requirements. It’s important to test your broker and evaluate them before opening an account in which you risk real money. With a demo account, traders who have never used a trading platform and risked real money before will have a good base to kickstart their career.

Demo trading accounts allows the trader to get an introduction into the practical environment of real money trading without risking the loss of real currency. A demo account is useful for developing, testing, and optimising trading strategies and orders. A trader can evaluate his or her performance on a demo account, improving their own maneuvers or asking expert advisors for assistance. Eventually, this practice will pay off when trading with a real money account.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Trading isn’t just about placing orders and collecting profits. It starts with getting to know the trading platform and ecosystem. To get the most out of your chosen trading platform, you need to study and use it. Be sure to carefully learn all of the features, shortcut keys, and functions used in the process and familiarize yourself with indicators, charts, and other analytical tools.

A demo platform is a great way to get accustomed to a trading platform without risking the loss of real money as you learn basic features and strategies.

Disadvantages of Demo Trading Accounts

Although a demo account is a good option, there are some disadvantages of which traders should be aware. One of these drawbacks is that the demo account isn’t the real deal. The money is fake, the conditions are also fake, and the entire environment is detached from the reality of trading, so you don’t experience the emotional roller coaster or adrenaline surges you would if trading with real money. Because of this simulation drawback, traders may use a micro-account, which is a small trading account that has minimal risk, yet still lets them experience a real trading environment.

Also, there is a problem with complacency when you use a demo account. When traders worked for the money they earned and are putting it at stake, they are not complacent because they have more on the line. When using a demo account, the money isn’t real, so traders may end up taking bigger gambles and risks than they would in a real-money environment. This can skew their results.

Another drawback with demo accounts it that several of real-money trading elements are not present. Traders aren’t there to see the impact of factors like slippage, or other occurrences that, in real life would affect their strategy. Demo trading accounts, therefore, may not be a 100%-accurate reflection of a broker’s platform, where they experience latency, lag time, and other events that differ from a practice run.

Alternatives to a Demo Account

These major criticisms of demo trading accounts can be avoided through opening a micro-account. A mirco-account is funded with real money, and then can be used to simulate real trading. This micro-account has a smaller deposit size, which lowers the risk associated with it and is a good, inexpensive way to get introduced into real money trading.

A micro-account gives you a better grip on trading realities. For example, if you wanted to start full-scale trading with $2,000, you wouldn’t want to open a demo account that has a default amount of $100,000 (in fake money). This huge gap between intended funding and practice funding would make it difficult to practice money management.

However, if you opened a $100 micro-account and used micro-lots to trade, you would be trading with real market conditions and experiencing the adrenaline and thrill that is real money trading. You could see how factors such as retracements, slippage, surprise news, and more actually impacted your psyche and outcomes.

Also, such a miniature account could easily be opened with money that you could afford to lose. The cost of opening a micro-account can be viewed as part of your learning costs or an investment in your education.

Psychology of Trading

There’s no denying that trading is a mentally challenging career. The reasons behind that primarily have to do with the psychology of trading itself.

When you make a winning trade, you feel exhilarated and ecstatic. But, when you get on a losing streak, which happens, you can feel confused and even irrational. Irrational behaviour by a trader leads to common sense being thrown out, causing bad decisions and more losing trades.

Difficult though it may seem, a trader must control their emotions, even in downswings, and develop a resilient mental barrier when it comes to trading. This mental toughness is reinforced by risk management techniques. When losses occur under these systems, they occur only to the degree at which they can be recovered.

The psychology of trading is about managing these highs and lows. Numerous books are available to traders to help them attain a positive mindset.

Learn About Account Size Management

“Risk management” refers to account size management. Account size management means that you know how much you can trade and lose without enduring a crippling loss to your trading account, otherwise known as “blowing out” your account.

For example, suppose that a trader has $1,000 in his account. He decides to use a trade size that will take $200 as margin for a trade. If he loses the trade, the $200 is gone and his account is down 20%. Two more losses of equivalent magnitude reduce the account by another 40%. The trader now has to make a gain of 150% to get the account back to its starting $1,000.

To contrast, take a trader who uses a trade size that commits just $50. The trader loses three trades of equal size, similar to the first trader. But this second trader has lost only $150 and needs only to make a 17.6% profit in order to bounce back to the starting level.

So, 150% versus 17.6% is a big difference. The first trader took a lot of risk to try to make a huge gain, while the second realized that staying afloat in the market is just as important as making a profit. Account size management is the key to surviving market adversity.

A demo account can help traders understand this importance of account size management through the implementation of various trade limits. With a demo, traders can also experience the effects of these limits.

The Final Word on Demo Trading Accounts

In conclusion, demo accounts come with both benefits and drawbacks, but the most important thing to note is the ability to practice that comes with a demo account. A micro-account is also a suitable option. However, if you want to practice account size management and other such risk management tools, a demo account allows you to do that with real money. A micro-account allows to experience a real-world market environment. Either way, it comes down to the fact that practice makes perfect (or close to it).

How to Choose a Demo Trading Account

Before deciding on your trading platform, you will want to try out a few demo trading accounts first. It is the perfect opportunity to learn the ins and outs of the platform without losing any real capital. Below we have listed a few suggestions to help you choose the best broker and trading platform for you:

Capital Offered

Some demo trading accounts offer you a specific amount of capital to use while you are learning how to trade. You will want to look at the different capital options offered. Having a significant amount of capital will make small losses easier the recuperate. A small amount of capital will make it harder to recover.

Time Limit

Keep in mind; different demo trading accounts have different time limits. While some demo platforms have a time limit of a week or two, others are unlimited. For beginners, you will, of course, need more time to learn the ins and outs of the fx trading platform, so you will then want to find a demo trading account that offers no time limitations.

Regulation

Remember, every country has their own rules and regulations when it comes to online trading. Due to the possible safety concerns, make sure that your accounts will be properly regulated and your information secured. For example, the regulatory body in the UK is the Financial Conduct Authority (FCA). The Regulatory Body controls and protects the integrity of the traders, market, and investors in addition to the brokers, and to help members maintain their regulatory responsibilities.

Customer Service

Because trading happens 24 hours a day, you will want to make sure customer service is there when you need it. You may find it more comfortable to speak via chat or telephone rather than awaiting an email reply, which can take time. It could be worth your while to check out the customer support before signing up, and many brokers have a local UK phone number. Find out the wait times and see how the representatives can handle your questions regarding the leverage, spreads and trading volume.

Tradeable Assets

When selecting a broker, many traders just concentrate on stocks. However, you should keep in mind there are many other types of investment alternatives offered. Including Forex (FX), Cryptocurrencies, ETFs, CFDs, futures, options as well as precious metals, to just name a few.

For more information on selecting the right trading platform for you, please see our tutorial: What To Look For When Choosing A Trading Platform

Forex Demo Accounts

What a Trader Can Do With a Forex Demo Account

A forex demo account is an account that is loaded with virtual money by the broker for the trader to use in simulated trading.

The essence of providing a forex demo account to traders is for them to do a whole lot of things that will enhance their trading experience and improve their ability to trade profitably in the forex market. Sadly, many traders under-utilize their forex demo accounts. In this article, we will look at a few things that traders should be doing with their forex demo accounts in order to derive all benefits accruable from them.

Top Forex Broker Brokers that offer Demo Accounts:

So what exactly should traders be doing with a forex demo account?

a) Understanding the Trading Platform

If you conduct a poll of traders to find out how many traders actually use their forex demo accounts to understand their trading platforms, you will be shocked at the results. Traders hardly use their forex demo accounts to understand the trading platforms they will use to trade their hard-earned money. The forex demo account is a good way to understand how the trading platform works. There is a lot that can be learned. For instance, the trader can learn how to place orders. With the forex demo account, the trader can learn when to use an instant order and when to use a pending order. This point is so important. Many bad trades have resulted from the use of the wrong kind of order for a particular trade situation.

For instance, a comparison of the Jforex platform with that of ActTrader, the MetaTrader4, Currenex and other platform types will reveal that the process of setting pending orders is very different as you move from one platform to the other. The MT4 has a very simple system of setting pending and instant orders. A trader who has been used to setting pending orders with the MT4 platform may be in for a rude shock on being confronted with a JForex platform. This is why it is necessary to use the forex demo account to make all the mistakes that could be made in this regard so that when live trading is done, real money is not lost.

There are other stuff that could be learnt when it comes to understanding the trading platform. Things like using the indicators, the charting tools, opening and closing windows within the platform, conducting line studies, etc, all make up the mix when it comes to understanding the trading platform.

b) Testing Expert Advisors and Indicators

The best way to test any expert advisors and indicators that have been created for live trading is to subject them to demo trading with a forex demo account. There is very little that can be done to improve an expert advisor or indicator if it is not put to the test on a forex demo account. Errors in coding can be revealed, corrected and the software put to the test once more in order to come out with a perfect product.

c) Generating Trade History for Signals Alert Services

If you are a trader looking for a way to monetize your knowledge of forex trading by selling trade alerts or forex trading signals, then you will find a forex demo account to be an invaluable tool. No subscriber will commit his hard earned money to a signals provider without a track record. The forex demo account can help you generate that track record. By dutifully storing a history of trading activity on demo specifically for this purpose, the trader would have generated a powerful marketing tool that can in an instant of visualization, convince any prospect of the viability of the signals used to produce such trades. Usually, the forex demo account has to be synchronized to a third party service such as Myfxbook to provide a source of verification of all results obtained.

d) Source of Technical and Fundamental Analysis

Some forex demo accounts are sources of technical and fundamental analyses as provided by the brokers. There are brokers that can provide this information through their news bar that will serve as a wonderful source of information that can be turned into profitable trades by the discerning trader. Traders need to take advantage of these tools where they exist.

You can see clearly that forex demo accounts have a lot of important uses apart from simply providing virtual money for intending traders to toy around with. They should be used in the ways described above for maximum benefits.

e) Trading in Other Markets

You can also use the forex demo account in trading other markets such as the binary options or spread bet markets. Here, the forex demo account will serve as a source of charts and various charting tools used for technical analysis. It will also serve as a testing ground for strategies used in these markets. For instance, the binary options platforms provide charts which are too rudimentary to be used in any meaningful analysis. They simply show the progress of trades, usually drawn with a line chart. A typical forex demo account will come with a fully interactive chart, complete with candlesticks and various charting tools which can be used for current as well as historical studies.

You can also use your demo account to compare pricing for an asset with what is obtainable on the platforms of other markets. This way, you can actually get the best pricing for any orders you want to place.

f) Software deployment

These days, forex demo accounts are now being used as the basis for constructing software for other markets. It is no longer strange to hear of MT4 bridges, which are ways in which a demo account based on the MT4 platform can be used to create an automated trading software, which is then linked to the destination platform for trade executions. These types of software are increasingly being developed and deployed for use in the binary options market. Constructing and testing of these software does not start with a real account: all tests and debugging are done initially on a demo account before being tested on a real account.

You can see clearly that forex demo accounts have a lot of important uses apart from simply providing virtual money for intending traders to toy around with. There is so much that can be done these days with a demo account. Demo accounts should therefore be used in the ways described above for maximum benefits.

More About Adam

Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

In-Depth Case Study: Top 25 Takeaways from The Google Analytics Demo Account

Nothing can beat learning from real-world Analytics data. Google has just opened the door to their ecommerce store data, a great opportunity for anybody who wants to accelerate their learning!

In the past I have written a lot about how to enhance your (Google) Analytics learning curve. And how to get free Google Analytics support.

One of my most important tips was launching a website, collecting data and using it to optimize the website outcome. For a lot of people easier said than done. Attracting a substantial amount of visitors in a short time isn’t that easy!

Now, the introduction of the Google Analytics Demo Account can take away all the pain of having to set everything up by yourself.

How to Access the GA Demo Account

You can get access to the demo account in less than five minutes.

This support article describes the steps you need to take to get access.

A few things first:

  • The data comes from Google Merchandise Store.
  • The demo account is incredibly useful for exploring Google Analytics reports and features.
  • You can easily remove yourself from the account (if desired).
  • Your access level is limited to “read & analyze”. It simply means you can’t ruin their data. :-)

What You Can Learn from Google

Of course I have already spent some time to familiarize myself with their account. :-) This since I am curious about how they have done the setup, what the data looks like etc.

In the rest of this article I will share 25 important takeaways from their account setup and reporting environment. You will love it!

Note: if you are relatively new I recommend to check out this Google Analytics Account Setup article as well.

Administrator Section

I will start of exploring their account setup and what you can learn from them.

Maybe I will even reveal some improvement to their account; it’s never perfect! :-)

I always want to know a bit more about their Google Analytics setup before diving into any reports. You need to know how the data is gathered. Preferably I would also speak to the account owner first, but that’s something for another time.

1. Account Structure

This is an overview of their account structure: The Google Analytics demo account consists of:

  • One property (Google Merchandise Store)
  • Three different reporting views (Master, Test and Raw Data View)

This structure is exactly what I recommend using in workshops:

  • Always set up a raw data view (security / backup view) for when something goes wrong.
  • Testing view for testing new filters or other major setup changes that affect the data being collected.
  • Master view where you apply specific filters and other modifications.

This is an example of a basic reporting view setup. You might want to set up a few more reporting views that suit your needs. Working with numbers (in this case: 1, 2, 3) is another best practice to make sure that the most used reporting view is shown on top.

2. Google Analytics Filters

We already shortly spoke about filters, but let’s take a closer look at the filters in the GA demo account.

  • They have only a few filters in use.
  • It seems like there are a few duplicates.
  • They have applied filters to the raw data view as well.
  • IP address, lowercase and some other common filters are not set up.

To be honest, I had expected a more solid and comprehensive setup here, but these guys at Google are probably busy doing other stuff as well! :-)

3. Property Settings

Getting the property settings right is another thing you should pay attention to.

Here is an overview of their property settings:

  • Property name and Default URL are set up logically/correctly.
  • Default view is set to “master view” which is smart since you will most often go there when exploring your data.
  • Industry category is “shopping”.
  • They don’t allow manual tagging to overwrite UTM parameters (in 99% of the cases this is correct).
  • Demographic and Interest Reports are enabled (additional insights).
  • Enhanced link attribution is set up.
  • Search Console is integrated with Google Analytics.

This all looks pretty good to me!

4. Tracking Info

Tracking info is located under the property settings. You can modify your data collection process via this menu.

Google has made a few small modifications here:

Change #1: Remarketing and Advertising Reporting Features are enabled.

Change # 2: Their own domain is added to the Referral Exclusion List.

This will prevent their own domain from showing up as a referral in Google Analytics.

Currently there are two products linked to Google Analytics: Google AdWords and Search Console.

And I cannot agree more with Google here. You should always link these accounts to Google Analytics. Acting on these insights will benefit your bottom line for sure!

You should also connect AdSense to Analytics if you own a blog and make money through AdSense.

6. Custom Dimensions

Custom dimensions allow you to analyze your data in much more depth and context. Applying secondary dimensions is great, but sometimes you need to go beyond the basic set of dimensions available in Google Analytics.

Google has done a great job in setting up a hit, session and user level dimension in Google Analytics. Two new custom dimensions are expected soon!

Later I will explore these dimensions in more depth in the reporting section.

7. Data Import

This looks interesting:

Google has used the “data import” function to connect geographical data (Country ISO Code) to a custom dimension (Sales Region).

Data Import can be very useful if you have external data sources that you want to merge with Google Analytics data.

One of the most powerful features is “cost data upload”:

This can be done both manually or automatically via the API.

8. View Settings

I have selected the “master view” (main view) and here are the view settings:

  • View Name, Website’s URL and Time zone are correctly set up.
  • Default page is set to “home”; not sure why since it breaks the content report and it adds this extension to a couple of other pages as well. I would recommend to remove “home” since people will understand the “/” is the homepage.
  • Quite a few technical query parameters are excluded, which is good. These parameters duplicate your pages in the content section. Only Analytical/marketing parameters should be preserved. Example in their account: /myaccount.html?mode=billingaddress. You don’t want to remove the “mode” parameter here.
  • Currency (USD $) is correctly set up.
  • Bot Filtering is on which is good.
  • AdWords accounts are linked.
  • Site search is implemented correctly and the search parameter is stripped. This is good since no duplicate search result pages will show up now.

Just a few small remarks but for the rest everything looks fine!

9. Goals and Goal Values

Not too long ago I wrote a very comprehensive guide on setting up goals in Google Analytics. Make sure to add it to your reading list!

Here is the Google setup: All goals are collecting data with the exception of “registrations” which doesn’t seem to work.

The individual goal details are shown below:

  1. Goal 1 (Purchase Completed) – destination goal, funnel setup and no goal value. This is good since you don’t want to duplicate values in case of ecommerce tracking.
  2. Goal 2 (Engaged Users) – engagement goal based on pages/session. For Google, if someone has seen more than 10 pages, this is an engaged user. A quick look reveals that approximately 10% of their users is marked as “engaged”.
  3. Goal 3 (Registrations) – destination goal, incorrectly configured and/or not up-to-date anymore. I would recommend to turn it off so that you can re-use the goal in the future.
  4. Goal 4 (Entered Checkout) – destination goal, first page (billing and shipping) in checkout. They might want to add other funnel steps so that they can built and analyze horizontal funnels more easily. However, because of their enhanced ecommerce setup they can still segment funnels.
  5. Goal 5 (Smart Goals) – they have implemented the smart goals feature in their account.

It’s a good start, but they could probably spend a bit more time to fine-tune their goal setup for maximum insights. So that it clearly reflects their online objectives and KPIs.

Further it looks like they haven’t implemented goal value tracking except for ecommerce transactions.

10. Ecommerce Settings

Google has implemented enhanced ecommerce and you have full access to their data! :-)

The setup looks good so far. In the second part of this article we will explore the reports as well!

11. Calculated Metrics

It’s great to see Google has set up five calculated metrics (in the “master” view):

This is one of those cool features you should use!

  • Average User Duration
  • Conversion Rate Per User (very useful metric!)
  • Revenue Per User (very useful for ecommerce shops)

The conversion rate per user helps you get the closest to the “true” conversion rate. And it is smart to compare this metric to the session-based conversion rate.

In addition they measure the “checkout to purchase rate” and “product views per transaction”. Great ideas to measure the effectivity of their ecommerce shop.

In short, make sure to use the power of calculated metrics in your account! Google has done a great job here and so should you!

You can apply calculated metrics in custom reports, dashboards, widgets and unsampled reports. So what are you waiting for, get started!

12. Annotations

Annotations are set up at the view level and help you to keep track of activities that might influence your data.

This can be changes in your configuration, implementation, but also internal and external marketing activities. While being consistent in setting these up, you have a more easy time explaining changes in your data.

Here is the list of Google:

Great to see they have set up quite a few annotations. What I especially like is working with prefixes: [Config] and [Implementation].

This makes it more easy to recognize what has changed and when.

Well, this is it from the administration (account setup) side. I am sure by now you have learned quite a few things about the Google Analytics demo account setup.

I will now guide you through the reporting section of the demo account!

Reporting Section

In the second part of the article we will dive into some of the reports together. I won’t talk about all the reports, just a couple of them that are worthwhile to explore.

For this analysis I will use the data of July 2020.

13. Audience

Navigate to: Audience >> Demographics >> Overview

It’s clear that their target audience is relatively young. Most website visitors are male and between 18 and 34 years old. Less than 15% is older than 45 years old.

The age report (Audience >> Demographics >> Age) indicates that the 25 – 34 age group is the most interested and converts the best:

Young adults below 25 convert far less compared to the age groups 25 to 34 and 35 to 44.

14. Target Market

Let’s have a look at the Location report: Audience >> Geo >> Location.

Here are some numbers

  • Average ecommerce conversion rate = 0,62%.
  • US ecommerce conversion rate = 1,00%.
  • Non-US ecommerce conversion rate = 0,06%.

In my opinion it makes sense here to set up a separate view for traffic from United States. This is clearly the target market of the Google Merchandise Store. The conversions outside of United States are close to zero.

Filter (United States)

Here is how to set up a country filter on United States traffic:

Segment (United States)

It is also possible to segment on US traffic:

And here is the location report:

With this segment applied we can now review all reports for only the United States.

Please note that I will analyze the next set of reports with the United States segment applied. This is their target market and we like to know more about the characteristics of this group.

15. New vs Returning Visitors

Most ecommerce shops tend to have a higher conversion rate on returning visits.

Navigate to: Audience >> Behavior >> New vs Returning.

The same is true for Google’s shop.

The ecommerce CR for returning visitors is three times higher than the ecommerce CR of new visitors.

Take into account that these percentages (new vs returning) are not very accurate in general. If someone deletes their cookies or returns via another browser or device, she is seen as a new visitor. One thing is clear here: returning visitors convert far better. Running remarketing campaigns might be very profitable!

16. Conversion Rate per Device

The new visitor percentage is much more inflated if a lot of people enter the website via multiple devices. I feel 60% is rather low for new visitor session percentage. Well, they haven’t filtered out any IP addresses…

It is interesting as well to examine the device category report:

What do we see here!

Conversion rates on mobile and tablet are terrible. Close to 99% of all revenue comes from desktop. :-)

“Did Google not spend enough time to optimize their website for mobile visitors or do people simply buy on desktop?”

Here is what we know this far:

  • Main age group (target) for Google’s shop is 25 to 34 years old.
  • 70% is male.
  • 60% of website visitors reside in United States.
  • Over 95% of revenue comes from United States.
  • Returning visitors are much more valuable for this shop.
  • Desktop is by far the best (the only) converting device type (99% of revenue!).

And very probably a lot of their own employees are buying Google products. :-)

17. Channels

I recommend to check out the channel overview report.

Your “source/medium” reports will not be accurate at all if you have messed up your campaign tracking. In addition your social measurements are often categorized as a referral which is bad.

Navigate to: Acquisition >> All Traffic >> Channels.

A lot of direct (Google employees?) transactions and it seems that referrals make up a lot of their conversions.

Clicking through at referrals will reveal the following stats:

  • mall.googleplex.com: 4.989 sessions and 138 transactions.

We now know that the majority of transactions come from Googlers. That’s why they don’t want to filter their own IP. ;-)

Paid search data reveals that many transactions come from brand related keywords (as expected).

18. Search Console Data

You need to deselect any segment if you want to explore the Search Console reports in Google Analytics.

Navigate to: Acquisition >> Search Console >> Queries.

  • 92% of search impressions are revealed.
  • > 70% search impressions are brand/Google related.
  • 20% search impressions are non-Google.
    • 10% search impressions are Youtube/merchandise related.
    • > Site Search >> Search Terms):

    In one month just over 100 search queries, not too useful to further analyze. The annotations show that the new website was launched on July 1st.

    Make a monthly comparison of this report: Behavior >> Site Search >> Usage.

    Bingo, they have probably made the Site Search less prominent on their website. Or there are some technical (measurement) issues they haven’t taken care of.

    20. Event Measurements

    Let’s have a look at their event tracking measurements (Behavior >> Events >> Top Events).

    Enhanced Ecommerce

    This is an exciting module. Here we go:

    They measure quite a few (basic) ecommerce events that will enrich your overall data set, insights and optimization possibilities.

    Exited

    The data being stored here is not useful.

    Contact Us

    Under the topic “contact us” four different events are triggered:

    You can use a debugging tool to find out where/how the events are exactly triggered.

    21. Content Groupings

    Make sure to read my in-depth guide on content groupings if you are new to this feature.

    Content groupings are very useful if you want to analyze your content at a more aggregated level.

    Navigate to: Behavior >> Site Content >> All Pages.

    Here is what we know:

    • There are 822 URLs measured.
    • They have three different content groupings:
      • Brands
      • Product Categories
      • Clothing by Gender

    You can analyze the different content groups in relation to how many pageviews etc. they have. The “brands” and “clothing” group contain a lot of (not set) values. Just a small percentage of the queries fall in one of the buckets.

    In addition you can see the effectivity of each landing page group (e.g. product categories):

    Although numbers are rather low, we could conclude that “drinkware” landing pages convert far better than “office” landing pages. It’s much more easy to compare different categories here than in the default “all pages” report.

    Another way to make this information useful is by applying it to the navigation summary report.

    You could find out whether people stay in the same category when they browse your site. If that’s the case, you could optimize one specific mini-shop for your visitors. There are a lot of insights to be gained when analyzing your content groupings!

    22. Conversions

    Obviously the main conversion in the Google Analytics demo account is a transaction, but we will get there in a minute.

    In the admin section we saw they have set up a couple of goals.

    It’s better to put these goals in perspective instead of looking at plain, absolute conversion numbers.

    For example, you want to know how each of their channels (on the overall level) performs.

    Navigate to: Acquisition >> All Traffic >> Channels.

    This is the report that initially shows up:

    You have three options here:

    1. Analyze your channels on the ecommerce conversion (rate).
    2. Analyze your channels on overall goal conversion (rate).
    3. Analyze your channels on one individual goal conversion (rate).

    The first option only makes sense if you have ecommerce enabled and implemented on your site.

    Very often optimizing on the overall goal conversion rate is not the smartest thing to do. This is because a lot of companies set very “easy” goals that have a conversion rate of over 20 or 30%. This will ruin your overall goal conversion rate (which will become too high).

    That’s why most companies benefit the most from optimizing an individual goal or on a few goals instead of all.

    We already know that “internal” conversions from Googlers is what makes up the majority of conversions. So we don’t have to dive into that deeper now.

    One more thing, you can build a custom report to examine different conversion metrics in one report:

    This can be very useful if you just want to concentrate on conversion metrics.

    There are several ways to analyze your conversion rate in context. I usually like to start with analyzing the channel conversion rate before moving on to other segments or dimensions.

    23. Custom Dimensions and Reports

    A short recap on the custom dimensions that are in use:

    User Category (User level)

    A quick way to retrieve all values is by setting up a segment on the custom dimension:

    Just point your cursor in the empty field and all values will show up.

    Let’s have look at one of the reports:

    A few things to note here:

    • The sessions include only those where the custom dimension is set (6.151 of 31.133)
    • Most people fall in the category “Retail”.
    • You need to have more background information to make this dimension insightful and actionable.

    Sales Region (Session level)

    The second dimension (session level) is “Sales Region”.

    Let’s see how many sessions and transactions came from which “Sales Region”:

    Great, we now know that you can use a custom dimension as:

    • Primary dimension in custom report.
    • Secondary dimension in standard or custom report.
    • Building stone (custom dimension value(s)) for segment.

    Yes, custom dimensions are really powerful!

    Product ID (Hit level)

    Usually the product ID is used in ecommerce reporting:

    Without background information or further analysis of their measurements, we can’t make a lot of sense of this data. But it’s great to see they use several custom dimensions to enrich their data.

    Do you want to know more about custom dimensions? Read this custom dimensions support article by Google first.

    24. Calculated Metrics in Custom Report

    Calculated metrics are one of these features you need to set up!

    One of the metrics Google has defined is conversion rate per user:

    And to be a bit more specific, it’s the ecommerce conversion rate per user.

    The beauty of calculated metrics is that you can apply them to historical data as well!

    One of the use cases could be to set up a custom report and apply the user level ecommerce conversion rate in addition to the default one (session based).

    The difference between the session and user level conversion rate depends on the numbers of sessions a visitor has compared to conversion. And in addition the accuracy of cross-session measurement will also influence the difference between both metrics.

    In addition, you can set up custom metrics and use them for your calculated metrics.

    25. Enhanced Ecommerce Reports

    You are excited I guess. Now EVERYONE has the opportunity to review real-world data from an ecommerce shop!

    Navigate to: Conversions >> Ecommerce >> Overview.

    This is great data! Smart tagging enables you to track internal promotions.

    Here is another report that is worth checking out:

    What do we see here:

    • Only in 32% of all sessions a product page is actually visited.
    • Of this group less than 20% adds a product to the cart.
    • The majority of this group continues to the check-out (73%).
    • 1 of 6 people that enter the check-out actually buys a product. There are a lot of “explorers” that don’t buy!

    This is fantastic information to use to optimize every part of the funnel.

    And the beauty is that you are able to segment this shopping funnel:

    The very high percentage of “All Sessions >> Sessions with Product Views” is likely due to many visitors entering the website on a product page.

    I could write a lot more, but you will learn the most if you explore some reports by yourself as well! :-)

    In short, the Google Analytics demo account is THE opportunity to learn with real-world data!

    Did I miss something? Happy to hear your thoughts and I would greatly appreciate if you share it with your audience!

    One last thing. Make sure to get my automated Google Analytics Audit Tool. It contains 25 key health checks on the Google Analytics Setup.

    Best Forex Demo Accounts 2020

    Learn how to trade Forex with a demo account from a leading broker.

    Learn how to trade Forex with a demo account from a leading broker.

    Our list of the best Forex demo accounts in SA

    Broker

    AvaTrade

    Minimum Deposit
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • ETFs
    TYPE OF BROKER

    71% of retail investor accounts lose money when trading CFDs with this provider

    REGULATED BY
    TRADING PLATFORMS
    DEPOSIT METHODS
    • POLi
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 50+

    71% of retail investor accounts lose money when trading CFDs with this provider

Advertiser Disclosure info_outline Features We Like Rating Risk Warning info_outline
Account Spread From Commission Execution Min. Deposit
Professional 1.3 pips None Instant USD 100 Account Details
Retail 1.3 pips None Instant USD 100 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • ETFs
TRADING PLATFORMS
DEPOSIT METHODS
  • POLi
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Paypal
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 50+
Broker

OctaFX

Minimum Deposit
TRADING INSTRUMENTS
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
TYPE OF BROKER
REGULATED BY
TRADING PLATFORMS
  • MT4
  • MT5
  • cTrader
DEPOSIT METHODS
  • Visa
  • Skrill
  • Neteller
  • Bitcoin
  • Fasapay
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 28
Account Spread From Commission Execution Min. Deposit
cTrader ECN pips $3.00 Market USD 100 Account Details
MT4 Micro 0.4 pips None Market USD 100 Account Details
MT5 Pro 0.2 pips None Market USD 500 Account Details
TRADING INSTRUMENTS
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
TRADING PLATFORMS
  • MT4
  • MT5
  • cTrader
DEPOSIT METHODS
  • Visa
  • Skrill
  • Neteller
  • Bitcoin
  • Fasapay
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 28

Broker

Blackstone Futures

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Equities
  • Energies
  • Forex
  • Futures
  • Indicies
  • Metals
TYPE OF BROKER
REGULATED BY
TRADING PLATFORMS
  • MT4
  • Cloud Trade
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Ozow
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 0.6 pips
  • Currency Pairs : 32
Broker

HotForex

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
  • Bonds
TYPE OF BROKER

72.83% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bitcoin
  • VLOAD
  • Unionpay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 51

72.83% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Micro 1.0 pips None Market USD 5 Account Details
Auto 1.0 pips None Market USD 200 Account Details
Zero 0.0 pips $3.00 Market USD 200 Account Details
HFCopy 1.0 pips None Market USD 300 Account Details
Premium Pro 1.0 pips None Market USD 5000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
  • Bonds
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bitcoin
  • VLOAD
  • Unionpay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 51
Broker
Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
TYPE OF BROKER

69% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Sofort Banking
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Unionpay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 57

69% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Micro 1.0 pips None Instant USD 5 Account Details
Standard 1.0 pips None Instant USD 5 Account Details
XM Ultra Low 0.6 pips None Instant USD 50 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Sofort Banking
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Unionpay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 57
Broker

IC Markets

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • Bonds
  • Futures
TYPE OF BROKER
REGULATED BY
TRADING PLATFORMS
  • MT4
  • MT5
  • cTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Paypal
  • Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 60
Broker

eToro

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
TYPE OF BROKER

62% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Visa
  • Mastercard
  • Neteller
  • Unionpay
  • Skrill
  • Paypal
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 2.0 pips
  • Currency Pairs : 47

62% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Standard 1.0 pips None Market USD 200 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
TRADING PLATFORMS
DEPOSIT METHODS
  • Visa
  • Mastercard
  • Neteller
  • Unionpay
  • Skrill
  • Paypal
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 2.0 pips
  • Currency Pairs : 47
Broker

Khwezi Trade

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Forex
TYPE OF BROKER
REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
Trading Conditions
  • Max. Leverage : 200:1
  • Min. Spread : 0.6 pips
  • Currency Pairs : 32
Account Spread From Commission Execution Min. Deposit
Basic Normal pips None STP ZAR 2000 Account Details
Standard Competative pips None STP ZAR 15000 Account Details
Premier Tight pips None STP USD 30000 Account Details
VIP Institutional pips None STP ZAR 50000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Forex
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
Trading Conditions
  • Max. Leverage : 200:1
  • Min. Spread : 0.6 pips
  • Currency Pairs : 32
Broker

MarketsX

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Metals
  • Equities
  • Energies
  • ETFs
  • Bonds
  • Blends
TYPE OF BROKER

74.93% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Paypal
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 50+

74.93% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Live 0.9 pips None Instant USD 250 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Metals
  • Equities
  • Energies
  • ETFs
  • Bonds
  • Blends
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Paypal
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 50+
Broker

FP Markets

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
TYPE OF BROKER

of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
  • MT4
  • MT5
  • IRESS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Paypal
  • Skrill
  • Neteller
  • Fasapay
  • BPay
  • paytrust88
  • POLi
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 50+

of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
RAW 0.0 pips $3.50 STP USD 100 Account Details
Standard 1.0 pips None STP USD 100 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
TRADING PLATFORMS
  • MT4
  • MT5
  • IRESS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Paypal
  • Skrill
  • Neteller
  • Fasapay
  • BPay
  • paytrust88
  • POLi

Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 50+
Broker

easyMarkets

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • Metals
  • Vanilla Options
TYPE OF BROKER

73% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Sofort Banking
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Astropay
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 103

73% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Standard 1.9 pips None Instant USD 100 Account Details
Premium 1.4 pips None Instant USD 2000 Account Details
VIP 0.9 pips None Instant USD 10000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • Metals
  • Vanilla Options
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Sofort Banking
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Astropay
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 103
Broker

CityIndex

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Bonds
  • Interest Rates
TYPE OF BROKER

76% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
  • MT4
  • ATPro
DEPOSIT METHODS
  • PayID
  • Bank Transfer
  • Visa
  • Mastercard
  • BPay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 84+

76% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Professional 0.5 pips None Instant USD 500000+ Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Bonds
  • Interest Rates
TRADING PLATFORMS
  • MT4
  • ATPro
DEPOSIT METHODS
  • PayID
  • Bank Transfer
  • Visa
  • Mastercard
  • BPay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 84+

Broker

IG Markets

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Equities
  • Bonds
  • Interest Rates
  • Digital 100s
  • IPOs
TYPE OF BROKER

76% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Paypal
Trading Conditions
  • Max. Leverage : 200:1
  • Min. Spread : 0.6 pips
  • Currency Pairs : 93

76% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Live Account 0.6 pips None Instant USD 250 Account Details
Spread Betting 0.6 pips None Instant USD 250 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Equities
  • Bonds
  • Interest Rates
  • Digital 100s
  • IPOs
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Paypal
Trading Conditions
  • Max. Leverage : 200:1
  • Min. Spread : 0.6 pips
  • Currency Pairs : 93
Broker

Plus500

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • Vanilla Options
  • ETFs
TYPE OF BROKER

76.4% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Paypal
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : Not Disclosed pips
  • Currency Pairs : 70+

76.4% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Standard 0.0 pips None Instant USD 100 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • Vanilla Options
  • ETFs
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Paypal
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : Not Disclosed pips
  • Currency Pairs : 70+
Broker

Tickmill

Minimum Deposit
TRADING INSTRUMENTS
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Bonds
  • WTIs
TYPE OF BROKER

73% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • SticPay
  • Unionpay
  • Fasapay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 60+

73% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Classic 1.6 pips None Market USD 100 Account Details
Pro 0.0 pips Variable Market USD 100 Account Details
VIP 0.0 pips Variable Market USD 50000 Account Details
TRADING INSTRUMENTS
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Bonds
  • WTIs
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • SticPay
  • Unionpay
  • Fasapay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 60+
Broker

Admiral Markets

Minimum Deposit
TRADING INSTRUMENTS
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Bonds
  • WTIs
TYPE OF BROKER

77% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
  • MT4
  • MT5
  • MT Supreme
DEPOSIT METHODS
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • POLi
  • Bitcoin
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 40+

77% of retail investor accounts lose money when trading CFDs with this provider

Broker

Swissquote

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Equities
  • Bonds
  • Futures
TYPE OF BROKER

77% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
  • MT4
  • MT5
  • AdvancedTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Unionpay
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 1.7 pips
  • Currency Pairs : 78

77% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Professional Custom pips None Instant Volume Based Account Details
Standard 1.7 pips None Instant USD 1000 Account Details
Premium 1.4 pips None Instant USD 10000 Account Details
Prime 1.1 pips None Instant USD 50000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Equities
  • Bonds
  • Futures
TRADING PLATFORMS
  • MT4
  • MT5
  • AdvancedTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Unionpay
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 1.7 pips
  • Currency Pairs : 78
Broker
Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Forex
  • Indicies
  • Metals
TYPE OF BROKER

Market Maker NDD

79% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
  • MT4
  • xStation5
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Paypal
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 49

79% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Islamic 0.28 pips $10.00 Instant USD 5 Account Details
Pro 0.28 pips $3.50 Instant USD 5 Account Details
Standard 0.35 pips None Instant USD 5 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Forex
  • Indicies
  • Metals
TRADING PLATFORMS
  • MT4
  • xStation5
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Paypal
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 49
Broker

TrioMarkets

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Forex
  • Indicies
  • Equities
TYPE OF BROKER

59.01% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
  • MT4
  • Sirix
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 60+

59.01% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Institutional Not Published pips Not Published Market Volume Based Account Details
Basic 2.4 pips None Market USD 500 Account Details
Standard 1.4 pips None Market USD 5000 Account Details
Advanced Mark-Up 1.1 pips None Market USD 10000 Account Details
Advanced RAW 0.0 pips $5.50 Market USD 10000 Account Details
Premium Mark-up 0.8 pips None Market USD 50000 Account Details
Premium RAW 0.0 pips $4.00 Market USD 50000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Forex
  • Indicies
  • Equities
TRADING PLATFORMS
  • MT4
  • Sirix
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 60+
Broker

Capital Index

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • ETFs
TYPE OF BROKER

71% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 68

71% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Advanced Account 1.4 pips None STP USD 100 Account Details
Copy Trading 1.4 pips None STP USD 500 Account Details
Pro Account 1.0 pips None STP USD 5000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • ETFs
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 68
Broker
Minimum Deposit
TRADING INSTRUMENTS
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Bonds
  • WTIs
TYPE OF BROKER

69.66% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
  • MT4
  • NinjaTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : Variable pips
  • Currency Pairs : 39

69.66% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Standard 1.3 pips None STP USD 50 Account Details
Active Trader Not Published pips Yes STP USD 25000 Account Details
TRADING INSTRUMENTS
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Bonds
  • WTIs
TRADING PLATFORMS
  • MT4
  • NinjaTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : Variable pips
  • Currency Pairs : 39
Broker

CM Trading

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
TYPE OF BROKER

73% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
  • MT4
  • Sirix
DEPOSIT METHODS
  • Bank Transfer
  • Neteller
  • Visa
  • Mastercard
  • Fasapay
Trading Conditions
  • Max. Leverage : 200:1
  • Min. Spread : 1.5 pips
  • Currency Pairs : 47

73% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Bronze 1.5 pips None Instant USD 250 Account Details
Silver Not Published pips None Instant USD 1000 Account Details
Gold Not Published pips None Instant USD 10000 Account Details
Premium Not Published pips None Instant USD 25000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
TRADING PLATFORMS
  • MT4
  • Sirix
DEPOSIT METHODS
  • Bank Transfer
  • Neteller
  • Visa
  • Mastercard
  • Fasapay
Trading Conditions
  • Max. Leverage : 200:1
  • Min. Spread : 1.5 pips
  • Currency Pairs : 47
Broker

BDSwiss

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
TYPE OF BROKER

84.1% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Sofort Banking
  • Visa
  • Mastercard
  • Skrill
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 1.0 pips
  • Currency Pairs : 50+

84.1% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Basic 1.5 pips None Instant USD 100 Account Details
RAW Spread 0.0 pips None Instant USD 200 Account Details
Black 1.1 pips None Instant USD 10000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Sofort Banking
  • Visa
  • Mastercard
  • Skrill
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 1.0 pips
  • Currency Pairs : 50+
Broker

Axitrader

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • WTIs
TYPE OF BROKER

67.7% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 80+

67.7% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
MT4 Pro Account 0.1 pips $7 Market USD 5 Account Details
MT4 Standard Account 1.0 pips None Market USD 5 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • WTIs
TRADING PLATFORMS
DEPOSIT METHODS
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 80+
Broker

IronFX

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • Futures
TYPE OF BROKER

75.35% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Unionpay
  • Fasapay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 85

75.35% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Live Fixed Spread 2.2 pips None Instant USD 100 Account Details
Live Floating Spread 1.1 pips None Instant USD 100 Account Details
Live Zero Spread 0.0 pips $18 Instant USD 500 Account Details
STP/ECN No Commission 1.7 pips None ECN/STP USD 500 Account Details
STP/ECN Zero Spread 0.0 pips $7.50 ECN/STP USD 500 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • Futures
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Unionpay
  • Fasapay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 85
Broker
Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
TYPE OF BROKER

83% of retail investor accounts lose money when trading CFDs with this provider

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Unionpay
Trading Conditions
  • Max. Leverage : Flexible
  • Min. Spread : 0.1 pips
  • Currency Pairs : 59

83% of retail investor accounts lose money when trading CFDs with this provider

Account Spread From Commission Execution Min. Deposit
Cent Account 1.5 pips None Instant USD 10 Account Details
Standard Account 1.3 pips None Instant USD 100 Account Details
ECN Zero Account 1.5 pips None Market USD 200 Account Details
ECN Account 0.1 pips $2.00 Market USD 500 Account Details
FXTM Pro Account 0.0 pips None Market USD 25000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Unionpay
Trading Conditions
  • Max. Leverage : Flexible
  • Min. Spread : 0.1 pips
  • Currency Pairs : 59
Broker

Oinvest

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
TYPE OF BROKER
REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • PayFast
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 49
Account Spread From Commission Execution Min. Deposit
Gold 1.3 pips None Instant Not Disclosed Account Details
Platinum 0.7 pips None Instant Not Disclosed Account Details
Silver 2.2 pips None Instant Not Disclosed Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • PayFast
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 49
Broker

ThinkMarkets

Minimum Deposit
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Futures
TYPE OF BROKER

ECN/DMA & Market Maker NDD

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 36

We pride ourselves on giving good advice, and we always put our readers first. When choosing partners, we do our research according to our review process which covers areas such as regulation, trading conditions, and the product offering.

We don’t put just anyone up here. We put you first.

To pay the bills, and keep the lights on, we need a business model. That business model makes use of affiliate programs whereby we get a commission from partners featured on our website.

Our business model never influences our opinion of any partner, and the partner selection and review processes are separate. The compensation we receive from partners may affect how our lists are arranged, but the reviews are genuine, and the data is accurate. Our opinion can not be bought, and we always put our readers and their financial livelihoods first.

What is a Demo Account?

A demo account is a beginner Forex trading account used to learn how to trade without risking real money. This account type uses a virtual account balance which makes it a good stepping stone to a live account if you are happy with your progress.

How to Choose A Demo Account?

How does a Forex Demo Account work?

A demo account works the same way as a live trading account. They use the same trading platform, trading data and customer support, where the only difference is that the profit and loss are not real.

Are Demo Accounts Accurate?

Demo accounts use real-time market data, so the trading experience is no different than on a live account. The only way that they are not accurate is the gains and losses of your trades are not real since the account is funded with virtual money.

How do you open a Forex Demo Account?

Opening a demo account only takes a few minutes. To get started:

  1. Visit a Forex broker where you would like to open an account
  2. Complete your personal information
  3. Verify your phone number or email address
  4. Follow the instructions on your screen and in your email.

Here is a video tutorial of my opening my demo account.

How long do Demo Accounts Stay Open?

Demo accounts remain open for different lengths of time depending on the broker but generally vary in length from 7 days to unlimited.

Demo accounts will often stay open indefinitely once the trader opens a live account, and are the most suitable testing environment for new tools and strategies before trying them out in live trading.

The Best MT4 Demo Accounts

The best MT4 demo accounts offer real market conditions, premium charting packages for free, give beginner traders access to educational content, and trading using mobile phone applications.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Brokers, Signals and Strategies
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: