IG Markets Demo Account: Opening & Key Information (2022)

filippo ucchino Filippo Ucchino calendar Last Updated: September 2022 timer 5 Min Read

The following article covers every aspect regarding the IG Markets demo account and its top-areas.

We have taken a close look at the features on offer by IG Markets on their demo account, as well as the account opening process.

Main features of the IG Markets demo account:

  • It’s unlimited
  • It’s totally free
  • Easy to open
  • All live account markets and assets available
  • Wide range of platforms to try
Table of Content

Round-up

IG Markets demo account Characteristics
Demo available Yes
Trial duration Unlimited
Demo platforms MT4, ProRealTime, L2 Dealer, Proprietary WebTrader, Mobile App
Virtual money amount $10.000
Customizable features Yes

Visit IG Markets (76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether can afford to take the high risk of losing your money.)

IG Markets demo account opening tutorial: step by step procedure

IG Markets is a broker with great demo account features. In this section we are going to explain how to open one with a step-by-step guide.

Step 1: Visit the IG Markets’ website

IG Markets has several variations of its website to cater to different jurisdictions. If you notice any variation between this guide and the IG Markets website, it’s due to regional differences. However, you should be able to follow this guide in most cases.

Visit the broker’s website (76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether can afford to take the high risk of losing your money.) and select your region. This can be done by scrolling down until you find the small flag on the left side of the broker’s website footer.

Choose the IG Markets entity

From here, click on the button to open a demo account.

Select the create demo account from IG Markets homepage

Step 2: Fill the registration form

You’ll be asked to fill in the registration form to open a demo account. As mentioned, limited information will be required. Here’s what you’ll be asked to enter:

  • Username and password
  • First name and last name
  • Country of residence
  • Main contact number
  • Valid email address

Fill in the registration form for the IG Markets demo account

Step 3: Verify your profile

Once you submit the demo account registration form, you will get an email with your account details. You might have to verify your email address before logging in to the account. You might also get a call from the IG Markets customer support to guide you through this process.

Step 4: Customize the demo account

IG Markets offers a wide range of trading platforms to cater to different needs and preferences. The available platforms are the IG Markets Webtrader, IG Markets Mobile app, MetaTrader 4, IG Markets L2 Dealer, and IG Markets ProRealTime Platform.

If you want to open a demo with any of these platforms, click on the ‘trading platforms’ button in the top menu bar, then click ‘compare platforms’. From here you can view all platforms IG offers and navigate to dedicated pages for each one. Each platform page will provide options to create demo accounts; all you have to do is click on the ‘create demo account’ button.

If you choose the MT4 platform, the broker will send you the MetaTrader login details to your email.

Step 5: Login into the demo account

Use the login details provided to start using your demo account. IG Markets’ demo doesn’t have a time limit so you can take your time to trade and learn.

IG Markets’ demo account features

At IG Markets, it is a very simple account opening process. A phone number and email address is all you need. The account duration is unlimited and you can open as many demo accounts you wish.

There are more than 17,000 tradable CFD markets and $10,000 of virtual money is available. MT4, ProRealTime, L2 Dealer, Proprietary WebTrader, and the Mobile App are all provided as trading platforms. Tools to speed up learning are also offered such as educational tools including video tutorials and articles.

Differences between live and demo IG Markets accounts

As nine separate regulatory bodies regulate IG Markets, you will have access to different accounts depending on your region or according to the regulated entity you choose to trade with. The demo trading account options which might be available to you are:

  • IG Trading Account
  • IG Limited risk account
  • IG Spread Betting account
  • IG Options trading account
  • IG Turbo24 Trading account
  • IG Share Dealing account

The IG Markets demo accounts do not expire, meaning the user can keep practicing without having a time limit. Regarding live accounts, you will be charged an $18 fee after 24 months of inactivity.

The major difference between a live and demo is Slippage. Slippage is the price difference between the order price you request and the actual order’s execution price because price can change very fast when trading through a live account. For this reason, your order can be executed at a different price compared to when you opened the order.

How to switch to a live account

When switching to a live account, your demo account won’t expire. To open a live account you will need to upload proof of your identity (Passport, ID, or Driver’s License) and proof of your residence (utility bill or bank statement). Depending on the country, IG can ask you to fill out a questionnaire about your trading knowledge. As soon as IG completes the verification of the account, you can fund it. The IG Markets minimum deposit depends on your location.

How to best use your IG Markets demo account

Here are a few tips on getting the most from your IG Markets demo account.

  • Set up your demo account as you would set up a real account with platform, currency, balance, and account type
  • Do not open large positions if you are not planning to trade with large amounts of money
  • Treat money as if it were real, so you won’t get involved in avoidable bigger risks
  • Practice daily
  • Study and integrate knowledge by using the educational tools provided by IG

Pros and cons of the IG Markets demo account

Pros

  • Wide range of account types offered as demo accounts
  • Easy to open
  • Unlimited

Cons

  • You may have to manually select the right website

About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Leave a Reply

Your email address will not be published.

Better Informed

Find and Compare The Best
Online Broker For You

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
Copyright © 2022 InvestinGoal.com – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap