MetaTrader 4 demo account
An IG MetaTrader 4 demo account enables you to learn how to use MT4 in a secure environment. No real funds are ever at stake, and you can use your virtual balance to gain confidence and develop an understanding of the markets.
Practise risk-free trading on MetaTrader 4
The IG MetaTrader 4 demo has the same layout as the live version of the MT4 platform, with four trading windows and over 80 markets to choose from.
You get $10,000 in virtual funds to trade however you like. You can trade forex pairs, commodities, indices and cryptocurrency CFDs. The wide variety of markets available on our MT4 demo account enables you to test your trading strategies, as well as gain a feel for one of the most popular online trading platforms.
In addition, you’ll get access to the same free add-ons and indicators that you receive with a live account. These include indicators such as pivot points, order history and the Renko indicator. The add-ons include mini terminal, stealth orders and alarm manager, which all help you fully customise the MT4 platform.
Sign up for a demo account
Features of an MT4 demo account
- $10,000 in virtual funds to help you get comfortable using MT4 and familiar with the financial markets
- Live data to test out your strategies accurately and effectively with no risk
- Access to Expert Advisors, which enable you to implement your trading strategies and automate your trading
- Can be used on Windows or Android devices
- 18 free indicators and add-ons from IG – the same as a full account – to let you get to grips using chart pattern indicators and technical analysis before opening a live account
Differences between an MT4 demo account and MT4 live account
- Trades made on your MT4 demo account will not be subject to slippage, interest and dividend adjustments, or out-of-hours price movements
- Trades may be rejected if you have insufficient demo funds to open them, but, unlike on a live account, will never be rejected on the grounds of size or price
- You will not be charged for chart packages on a MetaTrader 4 demo account, but would be charged on a live account
- Trades will not be closed if you have insufficient funds to cover margin and running losses, while trades could be closed in such a scenario on a live account
Upgrade to a live MT4 account
There is no way to change your MT4 demo account to a live IG MT4 account. Instead, you will need to create a separate live account. Fortunately, with IG this is a straightforward process.
First, go to our live account application form, create an account and login to the My IG dashboard on the IG site. Next, select ‘add another account’, and choose a MetaTrader 4 account for CFDs.
It’s important to bear in mind that while demo and live accounts are technically very similar, your state of mind when using each is likely to be very different. After all, when it’s real money on the line, the decision to open a new position will seem a lot more daunting, and the decision to close a lot more difficult.
There is more information on how to download MT4 with a live IG MT4 account on our download MT4 page.
FAQs
Are there any charges for an MT4 demo account with IG?
An IG MT4 demo account is completely free of charge. It gives you the opportunity to learn about trading on the MT4 platform.
Contact
New clients
+65 6390 5133
accountopening@ig.com.sg
Existing clients
+65 6390 5118
helpdesk@ig.com.sg
Lines open 24 hours
Monday - Friday
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Disclaimers:
- All forms of investments carry risks and trading CFDs may not be suitable for everyone. CFDs are leveraged instruments and can result in losses that exceed deposits, so please ensure that you fully understand, and are aware of, the risks and costs involved. Refer to the Risk Disclosure Statement and Risk Fact Sheet.
- IG Asia Pte Ltd (Co.Reg.No. 200510021K) is regulated by the Monetary Authority of Singapore and holds a capital markets services licence for dealing in capital markets products that are over-the-counter derivatives contracts and is an exempt financial adviser.
- IG provides an execution-only service. The information in this advertisement does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. You should consider your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
- The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
- This advertisement has not been reviewed by the Monetary Authority of Singapore.
