Guide to Opening an IC Markets Demo Account
jurnalis
04 Jan 2024
101 views
Opening a demo account at the IC Markets broker is very easy and doesn't take long. In less than 10 steps, you can try trading with Raw Spread in this broker.
IC Markets is an Australian-based broker that has expanded internationally and serves clients worldwide. This broker not only provides opportunities for experienced traders but also beginners who want to practice trading without any risk.
If you are a beginner or just in the mood to try the trading at IC Markets, follow the steps to open the demo account below:
- Open IC Markets official website, then click "Try a Free Demo".
- Fill in the initial demo account opening form with your country, first name, last name, email address, and telephone number. Make sure the name data matches your identity card to make it easier to verify your account later. After that, click "Submit".
- In the next stage, you will be directed to the Client Area to set your own trading conditions. Here, IC Markets allows you to choose the platform, account type, account currency, leverage, and initial deposit.
The following are the options available on IC Markets demo account:- Trading platforms: MT4, MT5, cTrader
- Account type: Raw Spread and Standard Account
- Currency: USD, AUD, EUR, GBP, CHF, NZD, JPY, SGD, CAD, HKD
- Leverage: 1:1-1:1000 (Beginners are typically recommended to use a leverage between 1:200-1:500)
- Initial Deposit: 200 - 5 million (the most common amount for demo trading is usually 10,000)
- After clicking "Proceed" on the previous form, a notification will appear informing you that the demo account has been successfully opened.
- You can check your email inbox to see the demo account login details (credentials) at IC Markets.
- Apart from that, you can also open the "Account" menu in the Client Area to see the details of the demo account you just opened.
- To start demo trading at IC Markets, please download the platform according to the choice you made in stage 3.
- After downloading and installing the platform, start the demo account login process by choosing the server, entering your demo account number and password, then clicking "Finish".
- Done! You can now use your demo account to trade at IC Markets and use the platform features.
The account balance can be checked in the "Trade" tab at the bottom. The nominal will be in accordance with the initial deposit that you set in stage 3.