IG Markets Demo Account – Opening Process, Charges, Features, Benefits & moreLast Updated Date: Apr 29, 2022
Find all details about IG Markets Demo Account here.
Beginners in the forex market or stock market or for that matter any market are bound to make mistakes.
Without making mistakes, how will they learn, isn’t it? However, when you make mistakes in the financial markets, it costs you really badly.
However, this scenario can be changed if you start trading with a demo account.
Are you wondering about what it is? A Demo account is a trading account replica where you can trade all the investment options but with virtual money.
This demo account can serve the purpose of learning to trade especially when you are a beginner in the market.
With IG Demo account you can experience real trading experience as its demo account is loaded with facilities and multiple services and investment options.
The IG Markets Virtual trading platform is the real trading platform that the broker provides.
So, you can get the accurate experience of trading in the real markets but without losing any money.
Isn’t that a great thing ever for a newbie trader? So, let us dig deeper into the features and attributes of the IG Markets Virtual Trading account in this article.
We will also guide you about opening a demo account with IG Markets in this article apart from other information.
IG Markets Demo Account
IG Markets is one of the most renowned brokerage houses especially when it comes to forex trading. It has a network spread across the globe in different countries.
It was founded in 1974 by John Stuart Wheeler and these around 50 years of experience help it grow exponentially and also benefit investors and traders.
This UK-based broker provides an IG Markets Demo account which is a fully feature-rich demo account.
With this account, you can trade any investment instruments be it forex, commodities or stocks, and other asset classes as available with IG Markets.
This demo account allows you to use the actual trading platform they have.
IG Markets virtual trading facility is highly in demand because of all the right reasons whether the amount of virtual cash they provide or the features and services.
With this demo account, you can learn to trade different investment assets.
You can learn how to use the charts and indicators as the trading platforms have everything up for use.
Open Demo Account Now! – Zero Commission on Trades
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IG Markets Demo Account Features
IG Markets Demo account is one of the most feature-rich demo accounts you will get in the market.
It is loaded with multiple features which provide traders with a great trading experience in the virtual world.
The features include –
IG provide virtual or dummy money in the demo accounts.
This can be used for buying the financial instruments you want to trade.
This is how you can learn trading in the real market but the cash is unreal and thus you do not have to worry about losing the same if your trading strategy goes wrong.
With a demo account, you get multiple trading options.
For instance, there are different order options.
Then you get risk management options, market monitoring in different ways.
You can set alerts and notifications in the demo account as well for any kind of price movement or anything in the market that would require immediate action.
IG Markets provides ample investment options, starting from the currencies to the commodities and others.
All these asset classes are available on the demo account as well. So, you can practice trading in any of these categories.
You can also diversify your portfolio and check how it works.
Basically, the IG Demo account provides a real trading experience just without the fear of losing your hard-earned money.
As there are no real funds involved, there is no risk as well.
You can simply practice trading using this demo account.
Abundance of Technical tools:
When you are learning to trade, technical analysis would come at some point.
Without analyzing the price trend, movement, and other factors, you cannot trade.
So, the demo account of IG Market has all the technical tools be it charts or indicators for you.
Market Research analysis tools:
Apart from technical tools, there are fundamental and market research tools and resources as well in this IG virtual trading medium.
The trading platforms that IG Markets provide are the real trading platforms.
It gives you access to use MetaTrader which is one of the most advanced trading platforms as a present.
IG Markets Demo Account Charges
|Demo Account Details|
The IG Markets Demo account has no charges attached to it.
Yes, you can use this account for practicing so, the brokerage house doesn’t charge any opening charges or maintenance fees from the clients.
The best part is that even when it doesn’t charge anything from the clients for the demo account, they provide an unlimited supply of virtual cash.
This means, you can have never-ending virtual cash and you can use it for buying any number of financial instruments and practice trading as much as possible, and hone your skills before you actually enter the real market.
How to open IG Markets Demo Account?
The procedure for opening the IG Markets Demo account is as follows –
- Firstly, you have to find the button “Open Demo account” at this age.
- Have you found it? Click on it now
- A form pops up on your laptop/ mobile screen, isn’t it?
- So, it’s time to fill this form and submit
- Make sure the details you put in the form are correct and as per your identity proofs and other documents
- In the next step, you will be called by the IG Markets associates, they will verify the details and ask you to upload a list of documents
- Once the KYC is over, your account will be live and you will be getting the login credentials in your email id that you registered with.
- And finally, you can start practicing trading with the IG Markets virtual trading
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Advantages of IG Markets Virtual Trading Platform
The benefits you will be having by using the IG Markets virtual trading platform are as follows –
- Firstly, you will get to trade like real with dummy funds
- Secondly, there is the actual trading platform which you get to use
- Then you can trade multiple investment options
- You can make trading strategies and test them
- You can learn how to read technical charts and use the technical indicators
- The demo account of IG Markets is absolutely free for use. There are no charges attached to it.
IG Markets Demo Account – Conclusion
So, to conclude, we can say that if you are looking to learn to trade in a real way, then you must open a demo account with IG.
It not only helps you practice trading but it can actually help you learn a lot of things about the market.
Moreover, this Demo account is free so you do not have to worry about putting in any money.
You can learn for free and then earn by opening a trading account with the broker.
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IG Markets Virtual Trading Account – FAQs
Here is the list of FAQs related to the IG Markets Virtual Trading account:
Does IG Markets provide Demo a/c?
Yes, there is a demo account facility available with IG Markets. You can use the demo account for practicing trading in different asset categories.
This will boost your confidence before you enter the real market.
How to Set up IG Markets Demo Account?
The process of setting up the IG Markets Demo account is as follows –
- Firstly, you need to open a demo account with IG Markets
- Then you have to download and install the trading platform you like or all of them on respective devices
- Then you need to use the demo account login credentials to log in to the account using the trading platforms
- Once you are there, you can add, remove, modify the watchlist of assets
- You can add different assets and also remove them which you don’t track anymore
- You can set different alerts for keeping updated about the market.
Is IG Markets Virtual Trading Platform Free?
Yes, IG Markets virtual trading platform is accessible with the demo account. There are no fees or charges you need to pay for using this platform.
What are the Fees of IG Demo Account?
The demo account of IG has no fees or charges attached to it. It is absolutely free for use. You can open the demo account, and learn trading without paying any charges.
Is AMC levied on IG Virtual Trading Platform?
No, IG Markets charges no annual maintenance fees for the demo account. It is an absolutely free-to-use platform.
Is IG Markets Demo Account best?
Yes, the IG Markets demo account is regarded as one of the best because of the services and products it provides.
With real trading platforms and unreal cash, this is one of the best demo accounts.
What Documents are required for IG Markets Demo Account?
The documents that they ask for KYC purpose would include –
- Address proof
- Bank statement
- Income proof
Is PAN required for Opening IG Markets Account?
Yes, you need to submit the PAN for KYC purposes for opening a demo account with IG Markets.
As it is a financial platform, trading platform, PAN is mandatory.
Does IG Markets Charge a Demo Account Opening Fee?
No, there are no account opening charges for the IG demo account.
You can just follow the process mentioned above.
How much Virtual Money do you get in IG Markets Demo Account?
There is unlimited virtual cash that you can avail yourself of with the IG Markets demo account. There is no maximum limit to it.
Open Demo Account Now! – Zero Commission on Trades
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