MetaTrader 4 Demo Account

Practice 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 forex pairs to choose from.

You get $10,000 in virtual funds to trade. 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 a risk-free way.

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 customize the MT4 platform.

Features of an MT4 Demo Account

• $10,000 in virtual funds to help you get comfortable using MT4 and familiar with the forex market
• 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, iOS or Android devices
• 18 free indicators and add-ons from IG – the same as a full account – to let you get familiar 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
• 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 forex trading.

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.