PlayBack vs a demo account: which one makes you a better trader?
Almost every broker gives you a free demo account, so why practise with PlayBack at all? Because the two tools answer different questions. A demo account tests your platform skills in today’s market; PlayBack tests your strategy across years of markets, quickly.
The problem with practising on a demo
- It is slow. The market moves at its own speed. A 4-hour setup might appear twice a week, so 100 practice trades take months.
- You only see one market mood. If this month is quiet, you practise in a quiet market, even if your strategy is built for trends.
- Weekends and nights are wasted. You can only practise when the market is open and the session you trade is running.
What PlayBack does differently
- Any day since 2015. Pick a candle, and everything after it is hidden. Trade the Brexit vote, a quiet August or a busy NFP Friday.
- Your speed. Step one candle at a time to study a setup, or play at up to 10x to get through quiet hours.
- Many sessions in an evening. Practise the London open at 9 pm, then the New York session after that.
- A report at the end. Win rate, profit factor, drawdown and every trade, for the whole session.
| Demo account | PlayBack | |
|---|---|---|
| Market | Today only | Any day since 2015 |
| Speed | Real time | Candle by candle, 0.5x to 10x |
| When you can practise | Market hours | Any time, weekends too |
| 100 trades takes | Weeks to months | A few evenings |
| Practises your broker’s platform | Yes | No |
| Live spreads and slippage | Yes | Set by you |
So which one should you use?
Use both, in order:
- PlayBack first to find out whether your strategy works. Take 50 to 100 trades over different months and read the results.
- A demo account next for a week or two, to practise placing orders on your broker’s platform with live spreads.
- Small live size last, once the rules have proven themselves and you know the platform.
New to backtesting? Start with how to backtest a forex strategy, step by step.
Try it on real history
Open PlayBack Forex in your browser, pick a pair and a start candle, and trade the chart as it unfolds. Free to start.