If I have to choose one, then I would go with a micro account. That’s so because you only learn trading in a live trading account. I am not saying demo accounts are not good. They are excellent at developing skills and backtesting, but they don’t make you money or teach you how to trade with risk and psychology. If you are a new trader, then go for a demo account and develop skills. Once you are done, then go with a live trading.
They both are different. Demo accounts let you trade in a trading environment that’s very similar to the live market, but in demo account you only trade with virtual money. Whereas in a micro account, you trade in the live environment with your money, but the risk is not high. Micro accounts are good for traders who have some understanding of the market and know how to create strategies. They are good for traders to learn more about the market.
Newbie after newbie; post after post; endless repeating the same statements; a tiresome repetition of shallowness... None of you weirdo's actually trade, do you?
Eventually depending on the trader itself, if they want to safe learning without any risk, a demo account can be the right place for them, but if traders want to get real feeling trading in a real account, the micro account is an option for them but should to understand if not all broker offer micro account, or micro account only available on certain jurisdictions, the trader needs to check their broker if want to use the micro account, and micro account usually broker act as market maker, so possible trader face requote problem in the micro account, while standard account STP and ECN broker act as a bridge between trader to a liquidity provider.
If you are a beginner, you should start trading with a demo account to suit your trading platform, different market orders and market dynamics. However, semi-experienced traders may be better off trading with a micro account, as demo trading does not provide an accurate picture of real trading.
I am still working on the STP account at the moment, trading currency and sometimes a metal commodity.