In This Article I will explain the most suitable paper trading platforms in the UK in this article. Such platforms offer traders an opportunity to hone their skills with the help of simulated money risk-free.
These are ideal for both novice learners and seasoned traders as they provide the necessary means to make the most of their trading experience.
Key Points & Best Paper Trading Platforms In The UK List
| Platform | Key Points |
|---|---|
| Eightcap | Low spreads, fast execution, offers MT4/MT5 platforms, regulated in multiple regions. |
| FxPro | Offers a range of trading platforms, competitive spreads, low minimum deposit, regulated globally. |
| TeleTrade | Advanced trading tools, reliable customer support, offers demo accounts, regulated in EU. |
| Vantage Markets | Offers a variety of account types, competitive spreads, strong educational resources. |
| FBS | Low minimum deposit, variety of account types, offers bonuses and promotions, regulated in offshore zones. |
| Saxo Bank | Premium trading tools, vast range of financial instruments, suitable for professional traders. |
| Trading 212 | User-friendly platform, commission-free trading, no minimum deposit, good for beginners. |
| Plus500 | Easy-to-use platform, wide range of CFDs, no commissions, regulated in multiple regions. |
| Markets.com | Broad asset coverage, powerful trading tools, regulated in EU, good educational resources. |
| OctaFX | Offers competitive spreads, low deposit requirements, various account types, regulated in offshore zones. |
10 Best Paper Trading Platforms In The UK
1.Eightcap
Eightcap’s name and paper trading for practice fits perfectly with the best platforms in the UK. The platform’s access to MT4 and MT5 makes it possible for the users to practice on a simulated environment where they can test their strategies on real market scenarios.
The low spreads and fast execution speeds with wide range of assets makes it one of the ideal platforms for both novice and seasoned traders, as well as stringent regulatory frameworks established in several jurisdictions. Zero cost demo trading accesible with Eightcap allows users to practice without the risk of losing any funds.
| Feature | Details |
|---|---|
| Platform | Eightcap |
| Demo Account | Yes – Free with virtual funds |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Assets Available | Forex, Indices, Commodities, Shares, Cryptocurrencies |
| Execution Speed | Fast, with low spreads |
| Regulation | ASIC, SCB – Accepts UK traders |
| Best For | Beginners and experienced traders testing strategies |
| Additional Tools | TradingView integration, AI-powered trading tools (e.g., Capitalise.ai) |
| Educational Resources | Available – Webinars, tutorials, market analysis |
2.FxPro
FxPro stands out as one of the top-of-the-line paper trading sites in the UK as it offers unrivaled features for traders to hone their skills.
FxPro has access to the widely used trading platforms such as Meta Trader 4 (MT4), Meta Trader 5 (MT5), and cTrader, which allows users to simulate a variety of tools which help them create customized trading conditions.
Traders are able to test out their strategies on live market data without the risk of losing money. FxPro is well-known for having low spreads, dependable customer care, and global regulation
Which is why they’re regarded as a safe platform. FxPro’s demo account is an ideal means for traders, be it novices or veterans, to polish their skills.
| Feature | Details |
|---|---|
| Demo Account | Yes – Free with up to $100,000 in virtual funds |
| Platforms Available | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, FxPro Trading Platform |
| Account Duration | 180 days per demo account |
| Tradable Instruments | Forex, Metals, Indices, Shares, Energies, Futures, Cryptocurrencies |
| Virtual Fund Top-Up | Available via FxPro Direct portal |
| Base Currencies | 8 options including GBP, USD, EUR, JPY |
| Educational Resources | Yes – Includes tutorials, calculators, economic calendar |
| Regulation | FCA (UK), CySEC, SCB |
| Best For | Beginners and experienced traders testing strategies |
3.TeleTrade
TeleTrade is regarded as one of the UK leaders in paper trading since it gives traders a chance to practice and polish their skills.
TeleTrade improves access to real-time market conditions through tools like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and provides numerous account types.
From stocks to forex, traders can test out numerous assets and conduct simulations without any risk, which helps build confidence prior to actual investments.
TeleTrade is recognized for having effective customer support and a good interface which guarantees anyone from novices to seasoned traders a safe, educational trading environment.
| Feature | Details |
|---|---|
| Demo Account | Yes – Free with virtual funds between $10,000 and $150,000 |
| Platforms Available | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Account Duration | Demo accounts are archived after 14 days |
| Tradable Instruments | Forex, Stocks, Commodities, Indices, Cryptocurrencies, ETFs, CFDs, Futures, Bonds |
| Educational Resources | Yes – Includes webinars, trading courses, market analysis, economic calendars |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) |
| Best For | Beginners and experienced traders testing strategies in a simulated environment |
4.Vantage Markets
Vantage Markets provides an outstanding paper trading simulator in the UK through its unlimited demo accounts available on MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Traders are able to practice with zero risks with a generous amount of $100,000 in virtual funds, simulating real market conditions for more than 180 instruments including, forex, indices, commodities, and shares.
The platform offers both Standard STP and RAW ECN account types, catering to diverse trading preferences. With no expiration restrictions for demo accounts, Vantage allows traders to perfect their plans and bolster their confidence before engaging in live trading.
| Feature | Details |
|---|---|
| Demo Account | Yes – Free with virtual funds up to $100,000. |
| Platforms Available | MetaTrader 4 (MT4), MetaTrader 5 (MT5). |
| Account Types | Standard STP and RAW ECN accounts. |
| Account Duration | 30 days by default; unlimited duration available upon request. |
| Tradable Instruments | Access to over 1,000 instruments, including Forex, Indices, Commodities, Shares, ETFs, and Bonds. |
| Leverage Options | Various leverage options available. |
| Account Currencies | USD, GBP, EUR, HKD. |
| Additional Features | Supports Expert Advisors (EAs) for automated trading; real-time market data; customizable charts and indicators; educational resources including tutorials and webinars. |
| Best For | Beginners and experienced traders looking to practice strategies and familiarize themselves with the trading platform in a risk-free environment. |
5.FBS
FBS is an international broker that provides numerous instruments for trading such as forex, stocks, commodities and cryptocurrencies. It is worth mentioning that while FBS accepts clients from the UK, they are not licensed by Financial Conduct Authority (FCA).
Instead, FBS operates under other regulations such as CySEC and IFSC. FBS offers demo accounts for users which help them practice trading strategies without risk, making it a great option for traders looking for virtual trading platforms.
With all these features available, traders should be cautious because of the lack of FCA regulation. Therefore, thorough research is recommended before engaging with FBS.
| Feature | Details |
|---|---|
| Demo Account | Yes – Free with customizable virtual funds. |
| Platforms Available | MetaTrader 4 (MT4), MetaTrader 5 (MT5). |
| Account Duration | MT4 demo accounts are valid for 90 days; MT5 demo accounts have no expiration. |
| Tradable Instruments | Forex, Commodities, Indices. |
| Leverage Options | Up to 1:3000 on demo accounts. |
| Account Currencies | USD, EUR, GBP. |
| Additional Features | Real-time market data, customizable virtual balance, multiple demo accounts, educational resources including tutorials and webinars. |
| Best For | Beginners and experienced traders looking to practice strategies and familiarize themselves with the trading platform in a risk-free environment. |
6.Saxo Bank
In the UK, Saxo Bank is one of the most popular trading and investment websites. It provides many types of financial assets, such as stocks, ETFs, bonds and mutual funds.
Saxo offers a risk-free trading practice environment by providing demo accounts through its platforms; SaxoTraderGO and SaxoInvestor.
Demo accounts provide users with virtual currencies to practice trading and develop robust strategies without actual financial loss.
It is crucial to mention that Saxos’ services are best suited for advanced traders and they may suffer from some difficulties if they are new to the domain.
| Feature | Details |
|---|---|
| Demo Account | Yes – Free with $100,000 in virtual funds. |
| Platforms Available | SaxoTraderGO, SaxoTraderPRO. |
| Account Duration | 20 days. |
| Tradable Instruments | Approximately 1,000 instruments, including physical stocks, CFDs, and forex pairs. |
| Market Data | Delayed pricing; real-time data not available in demo mode. |
| Leverage Options | Available to simulate real trading conditions. |
| Educational Resources | Access to tutorials and learning materials. |
| Regulation | Regulated by the UK’s Financial Conduct Authority (FCA). |
| Best For | Traders seeking to familiarize themselves with Saxo’s platforms and test strategies in a risk-free environment. |
7.Trading 212
The Trading 212 platform allows UK users to trade in a variety of company shares and ETFs free of charge.
Users who are new to investing or want to fine-tune specific strategies can greatly benefit from the platform’s practice mode which offers unlimited free access.
Moreover, participants can trade using a simulated balance of $50,000 which aids in understanding trading dynamics without any actual monetary risks.
On the downside, Trading 212 has limited investment options—including the absence of SIPPs—and might lack comprehensive educational resources for advanced learners.
| Feature | Details |
|---|---|
| Demo Account | Yes – Free with $50,000 in virtual funds. |
| Platforms Available | Trading 212 Invest, Trading 212 CFD. |
| Account Duration | Unlimited – No time restrictions. |
| Tradable Instruments | Stocks, ETFs, Forex, Commodities, Indices, Cryptocurrencies. |
| Leverage Options | Available on CFD accounts to simulate real trading conditions. |
| Real-Time Data | Yes – Real-time market data provided in demo mode. |
| Educational Resources | Includes explainer videos, FAQs, and a knowledge base covering fundamental topics. |
| Regulation | Regulated by the UK’s Financial Conduct Authority (FCA) and the Financial Supervision Commission (FSC). |
| Best For | Beginners and experienced traders looking to practice strategies and familiarize themselves with the platform in a risk-free environment. |
8.Plus500
Plus500 ranks high among the UK paper trading platforms at the same time providing a robust demo account suitable for novice and seasoned traders.
The demo account comes with access to more than 2,500 trading instruments such as CFDs on forex, stocks, indices, and commodities and is fully equipped for real trading.
Users are allocated £40,000 in virtual funds, which are automatically toped up whenever the balance goes below €200, providing uninterrupted practice.
The platform also contains advanced charting tools, real-time data, and numerous risk management features including “Close at Profit” and “Close at Loss” orders.
Plus500 demo account can also be accessed on the company’s website, desktop and mobile applications, allowing traders to hone their skills at no financial risk.
| Feature | Details |
|---|---|
| Demo Account | Yes – Free with virtual funds. |
| Platforms Available | Web-based platform, mobile apps for iOS and Android. |
| Account Duration | Unlimited. |
| Tradable Instruments | Over 2,800 instruments, including stocks, commodities, forex, ETFs, indices, and options. |
| Leverage Options | Available, with leverage ratios varying by instrument and region. |
| Educational Resources | Includes a trading academy with tutorials, FAQs, and a knowledge base. |
| Regulation | Regulated by the UK’s Financial Conduct Authority (FCA). |
| Best For | Beginners and experienced traders looking to practice strategies and familiarize themselves with the platform in a risk-free environment. |
9.Markets.com
Markets.com is a top-tier paper trading platform in the UK, offering a free demo account ideal for both beginners and experienced traders. The demo account provides $10,000 in virtual funds and is valid for 30 days, with extensions available upon request .
Users can practice trading across various instruments, including forex, stocks, commodities, and cryptocurrencies, using platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Markets.com’s proprietary platform .
The platform is regulated by the UK’s Financial Conduct Authority (FCA), ensuring a secure trading environment . With a user-friendly interface and robust educational resources, Markets.com is an excellent choice for UK traders seeking to refine their strategies in a risk-free setting.
| Feature | Details |
|---|---|
| Demo Account | Yes – Free with $10,000 in virtual funds. |
| Platforms Available | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Proprietary Platform (Marketsx). |
| Account Duration | Unlimited – Inactive accounts are disabled after 90 days. |
| Tradable Instruments | Over 2,200 instruments, including CFDs on Stocks, Forex, Commodities, Indices, ETFs, and Cryptocurrencies. |
| Leverage Options | Available, with leverage ratios varying by instrument and region. |
| Educational Resources | Includes articles, analysis, and XRay – a personalized financial live-stream service. |
| Regulation | Regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). |
| Best For | Beginners and experienced traders looking to practice strategies and familiarize themselves with the platform in a risk-free environment. |
10.OctaFX
OctaFX has provided a well-rounded demo account which is widely regarded as one of the best in the UK for paper trading. Both MetaTrader 4 & 5, and OctaTrader can be used at no cost with complete access.
The mark is set high as it allows traders to not only practice with virtual funds, but simulates real mark conditions, helps test strategies, and even partake in contest demos with the opportunity to win actual prizes.
The account free forever and the interface is realistic and intuitive, making it suitable for all traders beginner or seasoned. OctaFX offers commendable market data which adds to an already beautifully crafted demo account.
| Feature | Details |
|---|---|
| Demo Account | Yes – Free with unlimited virtual funds. |
| Platforms Available | MetaTrader 4 (MT4), MetaTrader 5 (MT5). |
| Account Duration | Unlimited – No time restrictions. |
| Tradable Instruments | Forex pairs, CFDs on indices, metals, and cryptocurrencies. |
| Leverage Options | Up to 1:500. |
| Real-Time Data | Yes – Provides real-time market data in demo mode. |
| Educational Resources | Includes access to charts, technical indicators, and other tools for strategy development. |
| Regulation | Regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA). |
| Best For | Traders seeking a risk-free environment to practice strategies and familiarize themselves with the platform. |
Conclusion
In conclusion, the above-listed are just some of the best paper trading platforms in the UK. They all allow beginner and experienced dealers to practice new working strategies and gain valuable experience without any financial risks.
Other UK platforms like Vantage Markets, FBS, Saxo Bank, OctaFX, Plus500, Markets.com, Trading 212, and more also provide demo accounts with unique features such as unlimited access, real-time data, and a wide range of trading instruments.
These platforms equip traders with right skills that allow them to build confidence and learn the nuances of the trading ecosystem before engaging in live trading.