Demo trading account

Try our award-winning platform for free and develop your spread betting and CFD trading skills.

Practise trading with £10,000 virtual funds

Access to exclusive educational content on IG Academy

Test strategies on the go with our free mobile apps

Open a demo trading account

Try our award-winning platform for free and develop your spread betting and CFD trading skills.

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What is a demo trading account?

A demo account is a simulated market environment offered by a trading provider that aims to recreate the experience of ‘real’ trading as closely as possible. This is so that you can get a feel for how different products and financial markets work. The main difference is you won’t be at risk of losing any money, so you can explore and experiment with confidence.

When you open a demo account with IG, you’ll be given immediate access to a version of our online platform, along with a pre-set balance of £10,000 in virtual funds to practise with.

Discover the differences between a live account and a demo account

Why use a trading simulator?

Traders will choose to use a trading simulator, such as a demo account, because it enables them to get to grips with a platform, build their strategy and grow in confidence, without having to risk any real money.

Trading simulators aren’t just for newcomers. Experienced traders often like to use demo accounts to try out new strategies, tools or ideas, safe in the knowledge that they won’t result in any real-world losses.

You’ll often see demo accounts described as ‘paper trading’, which is the term to describe simulated securities trading. However, with an IG demo trading account, you’ll gain access to over 16,000 markets, including:

As well as a range of other markets including bonds, rates and options.

FAQs

What can you do on a demo trading account?

A demo account will enable you to view the range of financial markets available to you with IG and get used to how they behave. You’ll be able to select the markets you want to keep an eye on and set alerts so you can react instantly to any price volatility. The demo account will also help you navigate the IG platform, ensuring that you can read and analyse price charts, fill in the deal ticket and monitor open positions.

Alternatively, if you’re interested in using more advanced software, we also offer an MT4 demo account. This enables you to build your understanding of the MetaTrader4 online trading platform in a risk-free environment.

Can I practise trading stocks and forex for free?

Yes, you can practise stock trading and forex trading for free with an IG demo account. There is no need to create a separate forex demo account or stock demo account, as you can trade both markets via a single login.

Can I practise CFD trading and spread betting?

With an IG demo account, you can practise CFD trading and spread betting in a risk-free way. These two products both use leverage, which enables you to gain full market exposure for just a small initial deposit. While this can magnify your returns, it can also magnify your risk – making it important to get to grips with how they work before you start to trade on live markets.

What is the difference between a demo trading account, trading simulator and paper trading account?

There is no difference between a demo trading account, trading simulator or paper trading account. All of these terms are just synonyms for the same type of simulated trading platform.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.