IC Markets Demo Account
In this article
IC Markets is a trending trading platform. For beginners, this online broker offers free demo trading accounts to help them become familiar with trading.
There are numerous ways IC markets demo account can be used, and such accounts offer many benefits. Demo accounts are for improving their trading skills and experience while using virtual funds in a risk-free environment.
To compare and evaluate brokers and test trading strategies, traders must open a demo account on IC markets. As a result, there is less chance of making mistakes during real training, as they practice trading with simulated money.
How to create a demo account?
IC markets demo account is hassle-free and easy to use. You can create an account in a few minutes and get started. Once you sign up, you can start practising trading and learn skills utilised in real-time trading.
Here we will give you a complete guide through which you can quickly create a demo account to boost up your trading skills. Let’s take a look below;
Step by step guide to set the IC Markets demo account
To set the demo account with IC markets, you have to follow the steps given below
Step 1: Open the official IC markets site
First, navigate the IC markets website and click on “Try a Free demo account.” You will get this option on the top of the homepage of the website.
Step 2: Fill-ups the application form
After clicking on the “free demo account”, you will be directed to the online application form. First, you have to enter this form’s first name, last name, cell phone number, and email address. Once you enter all the required information, click on “register.”
Step 3: Submit the form
Submit the form, and you will be redirected to the next page, where you have to choose the trading platform, account currency, initial deposit, leverage, and any other information. Then, click on “proceed” to move to the next step.
Step 4: Confirmation from IC Market
IC market will send trader email. You have to confirm it to complete the registration process, and you have to check the email to know the trading details.
Step 5: Login with a demo account
After confirming your email, log in from the official page and proceed to downloads presented under “Trading Tools” here, you can download the trading platform of your choice.
Pros and cons of IC Market demo account
|Fast and reliable||Limited product selection|
|Run-on all iOS system and mobile appr||Non-EU clients have no investor protection|
|Registration is free|
|Metatrader 4, Metatrader 5, and cTrader are reliable.|
How is the IC Markets demo account beneficial?
It can be challenging for beginners to trade when they have no knowledge about it. Therefore, knowing the skills and gaining experience in a demo account can be helpful.
On the provision of the IC Market account, brokers offer a risk-free environment to begin trading. In addition, by creating a practice account, the traders can explore what the brokers offer.
There is no risk of losing money as the IC market demo account runs on simulated money, and there is no use of real cash. Beginner’s traders can use the demo account to learn about live trading and build their trading skills.
Certain features that make the IC market demo account reliable and the choice of most beginners are given below. Traders can use different demo accounts depending on the type they choose.
They can pick Meta trader 4, c-trader, or Metatrader 5 along with a demo account. It is essential to pick the trading platform to get information regarding the financial instruments, leverage, spreads, asset classes, and much more.
You can access the demo account through the mobile app or PC using the latest Windows, Linus, or iOS operating system. In addition, the trader can access the trading platform by downloading the page from a particular trading source.
Once the trader downloads the trading platform, they can use login details, verify the page, and access a demo account.
1. How do live trading accounts differ from demo accounts?
Live trading can be done with original money, and there is a risk of loss of money. A demo account is made with no money, registration is free, and the main purpose is to help new traders to learn the skills of trading.
Beginners learn trading strategies. If they make any mistake or make a false decision, there is no risk of losing money; rather, they gain experience to avoid such blunders in real trading.
2. Which type of Live trading IC market account can you avail of?
You can avail the following types of real accounts through IC Market. These are the Raw spread account, Ctrader account, and standard account.
3. What currencies can you use with a live trading account for IC Market?
4. Is the demo account by IC Markets reliable?
Yes, the account offered by the IC markets is reliable. Moreover, one can register to practice the trading strategies.
5. Is it possible to convert the demo account into a live performance through the IC Market?
Yes. One can convert a demo account to a real one by completing further information and has to provide proof of residence and ID, and one can do it through the client portal or security.
IC Market demo account is undoubtedly the best option for beginners who want to learn about trading strategies. They can sign in by creating an account and linking with any trading account that IC Market supports.
In this way, they get various trading sources that will be helpful for them to learn and practice trading skills in a totally risk-free environment.
Newbies can register with a demo account and start trading with simulated money without the risk of losing money and have a good trading learning experience.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst