MetaTrader 4
demo account
Learn how to use MT4 in a risk-free and secure environment with our MetaTrader 4 demo account. No real funds are ever at stake, and you can use your virtual balance to gain confidence and develop an understanding of the markets.
Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening an account.
Sign up for an MT4 demo account
Practise risk-free trading on MetaTrader 4
Our 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 deal on forex pairs, commodities, indices and more. With the wide variety of markets available on our MT4 demo, you can test your trading strategies and gain a feel for one of the most popular online trading platforms in a completely risk-free environment.
You’ll also get access to the same free add-ons and indicators that you receive with a live account. These include indicators like pivot points, order history and the Renko indicator. The add-ons include mini terminal, stealth orders and alarm manager – all of which can be used to fully customise the MT4 platform.
Features of an MT4 demo account
- £10,000 in virtual funds to help you get comfortable using MT4 and familiar with 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 to automate your trading
- Compatibility with Windows, Mac or Android devices
- Our 18 free indicators and add-ons – the same as a full account – to assist you in getting to grips with 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 a live account, they 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
Opening a live MT4 account can be done in minutes, and you’ll be able to use all the insights you picked up from the demo in the live environment.
First, go to our live account application form, create an account and login to the ‘My IG’ dashboard on our site. Next, select ‘add another account’, and choose a MetaTrader 4 account for either spread betting or 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.
More information about how to download MT4 using a live account is available on our download MT4 page
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
Professional clients trading spread bets and CFDs can lose more than they deposit.
Options and futures are complex instruments which come with a high risk of losing money rapidly due to leverage. They’re not suitable for most investors. Before you invest, you should consider whether you understand how options and futures work, the risks of trading these instruments and whether you can afford to lose more than your original investment.
Trading stocks and shares ‘on margin’ within a US options and futures account – meaning that you only finance part of the cost of acquiring a position in a security – carries additional risks over buying securities on a fully funded basis and may result in losses exceeding your original investment. Trading on margin will also result in additional costs to you as the investor and any securities purchased using margin may be held as collateral by the lender, restricting both your rights as shareholder, and your ability to use the securities until the margin trade is closed. You should familiarise yourself with these risks before trading on margin.
The value of shares, ETFs and other ETPs bought through a share dealing account, a US options and futures account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Some ETPs carry additional risks depending on how they’re structured, investors should ensure they familiarise themselves with the differences before investing.
Share dealing and IG Smart Portfolio accounts provided by IG Trading and Investments Ltd, CFD accounts and US options and futures accounts are provided by IG Markets Ltd, spread betting provided by IG Index Ltd.
IG is a trading name of IG Trading and Investments Ltd (a company registered in England and Wales under number 11628764), IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. IG Markets Ltd (Register number 195355), IG Trading and Investments Ltd (Register Number 944492) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.
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