IC Markets Demo Account

Adam Rosen - Lead financial writer

Updated 03-Dec-2022

IC Markets Demo Account

IC Markets offer a demo trading account to allow new and experienced traders alike to practice trading stocks, commodities, Forex, crypto, ETFs, CFDs, indices, futures and bonds in a virtual environment using practice non real money on the IC Markets trading platform, using live financial data from global markets all over the world. IC Markets demo accounts allow traders to get used to the IC Markets trading tools before trading with a live IC Markets trading account. A IC Markets demo trading account allows new and experienced traders test a trading strategy in a safe environment before opening their trades to risk of loss on live financial markets.

IC Markets Demo Account Table Of Contents

What exactly is a IC Markets demo account?

IC Markets demo accounts give users the opportunity to test out a variety of different financial products and markets within a simulated trading setting. The most significant distinction is that you won't run the risk of losing any money when using a IC Markets demo account, allowing you to explore and experiment without fear of financial repercussions.

When you sign up for a IC Markets demo account, you will get instant access to a virtual version of the IC Markets online trading platform, in addition to a pre-determined balance of between 10,000 and 150,000 US Dollars in fictitious IC Markets demo funds.

A IC Markets demo account allows for the simulation of real-world trading conditions without the use of actual funds. When you sign up for a IC Markets demo account, you will be given fictitious funds that can be used to practise trading financial instruments like stocks, Forex, crypto, commodities and more. Users who are new to the IC Markets platform will have their first introduction to the ever-changing world of the financial markets.

If you are interested in trading on the Forex, stock or cryptocurrency market using IC Markets, you should know that it is strongly recommended that you begin by opening a IC Markets demo account. IC Markets demo accounts, will allow traders to practise their international trading skills in a simulated but risk-free setting, often using live financial market data.

IC Markets demo accounts are typically provided with $10,000 or $150,000 worth of virtual money that can be used to practise trading on the foreign exchange market. If you exhaust all your IC Markets demo trading funds, your IC Markets demo balance can often be reset by contacting IC Markets customer support.

Why You should make use of a IC Markets trading simulator?

If you are an experienced trader, you can use IC Markets demo accounts to test out new trading strategies and tools with the peace of mind that any mistakes you make while experimenting on the IC Markets trading platform, won't cost you any real money.

You will have access to more than 232 different markets when you open an IC Markets demo trading account, including stocks and shares, global stock indexes, ETFs, CFDs, fiat currencies, commodities, and cryptocurrency markets.

What Features Are Available on the Free IC Markets Trial Account?

You will be able to familiarise yourself with the behaviour of the various financial markets that IC Markets offers through the use of a IC Markets demo account. You will have the ability to set alerts on markets that you want to keep an eye on through the dashboard on IC Markets, which will allow you to react immediately to any price volatility that may occur.

Advantages of Using a IC Markets Practice Trading Account

A IC Markets practice account enables you to observe the progression of price action and gain an understanding of the risks that are inherent in volatile financial instrument price movements.

When starting out on the IC Markets trading platform newer traders are blown away by the possibility of massive price fluctuations in the market. some financial instruments have a lower level of volatility in comparison to other assets, which can clearly be seen using the IC Markets technical analysis charting tools. IC Markets tools will show Forex and crypto assets for example can be far more volatile than assets such as stocks or commodities.

You should be able to understand, through the use of the IC Markets demo account, that volatility is a double-edged sword. Using volatility, you may make or lose a lot of money very quickly; however, you also run the risk of losing everything on a single bad trade. This is why a IC Markets demo account is important for new traders.

IC Markets demo accounts allow you to become familiar with the functionality of the platform as well as the terms and conditions of the broker's trades.

The IC Markets demo account is essential for learning how to place orders, configure the various types of IC Markets charts for technical analysis, discover the various contract sizes, and determine the high risk margin used based on the leverage, among other things. Trading with leverage is considered very high risk. A CFD trade is speculation on price movement using borrowed money from IC Markets, without owning the underlying asset. Using CFD leverage allows traders to trade at a greater amount than there deposit to IC Markets. But using leverage is only for experienced traders due to the high risk of loss.

IC Markets demo accounts are an invaluable tool for the development of trading strategies

IC Markets offer MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac demo trading accounts to retail traders.

IC Markets demo accounts provide real-time quotes from all markets as well as a simulated IC Markets portfolio that can be used to practise trading under real-world conditions. Price action, chart figures, support and resistance lines, and the correlations between different currency pairs are all able to be analysed using the IC Markets demo trading platform.

You will observe that when researching the potential for making a profit using the IC Markets trading platform, if you do not adhere to stringent rules regarding risk management, you run the risk of quickly losing all of your money.

IC Markets Demo Trading Accounts Disadvantages

Trading with a real IC Markets account enables one to gain a more concrete understanding of the necessity of maintaining discipline in order to effectively control risk when trading live markets with IC Markets. When using a IC Markets demo account, discipline may appear to be unnecessary, and the placement of stop losses may be interpreted as something that prevents you from making a profit on IC Markets. Despite this perception, maintaining discipline and using stop losses on the IC Markets correctly is critically important.

IC Markets demo Accounts don't have the same level of anxiety that IC Markets live trading does

Even if you are successful in making money with a IC Markets demo account, it does not guarantee that you will become a successful trader. In order to comprehend and effectively manage the psychological component of trading on IC Markets, you will need to first gain experience in the real world. Your first "real" IC Markets account ought to be opened with a sum of money that is on the lower end of the spectrum, that you can afford to lose.

Getting Into Unhealthy Patterns on IC Markets Demo Accounts

IC Markets demo trading can give investors a fanciful sense of self-assurance and make them more prone to making mistakes in real trading. Traders also have a propensity to take more risks with IC Markets virtual currency than they would with real money, which can result in excessive spending on IC Markets or the loss of potential profits.

On Live IC Markets Trading Accounts, Your Reactions Could Be Very Different

Cut your losses quickly! This proverb is correct, but in reality, putting it into practise trading on IC Markets, can often be extremely challenging. When it comes to trading, one of the most difficult tasks is not locating profitable entry points but rather determining when it is appropriate to exit a position in IC Markets. When the psychological component comes into play, experience and a clear understanding of trends is a must on IC Markets.

Do I Need To Register Again For A Live Trading Account On IC Markets?

You won't need to set up separate IC Markets demo accounts and live accounts for forex trading, stock trading, crypto, commodities, indices, CFD trading on IC Markets because you can switch between IC Markets live and demo accounts once you have registered and verified your ID. Both IC Markets demo and live trading accoutns on IC Markets have the same user-friendly and straightforward trading platform.

Is It Possible to Use a IC Markets Demo Account To Practice Trading CFDs and Spread Betting?

Demo accounts from IC Markets allow users to engage in risk-free practise of CFD trading as well as spread betting. Both CFD and Spread betting on IC Markets make use of leverage, which enables you to obtain complete market exposure with just a modest initial investment on your part. While doing so might multiply your profits, it also multiplies the dangers you face.

IC Markets Demo Account Trading Vs Paper Trading.

There is not a significant distinction to be made between a IC Markets paper trading account, a IC Markets trading simulator, and a IC Markets demo trading account. All of these terms refer to the same kind of simulated trading platform that IC Markets offers, but they are referred to by different names.

Comparing IC Markets Practice and IC Markets Live Trading Accounts

IC Markets demo accounts are a convenient and straightforward method for getting accustomed to the various market orders and dynamics of the IC Markets online trading platform.

IC Markets demo trading, does not provide a 100% accurate representation of actual live trading on IC Markets and so it is likely that semi-experienced traders will fare better by trading with a live IC Markets account will a smaller balance once they have learned the basics. The minimum deposit required to open a IC Markets account is 200 USD.

In contrast to live trading accounts, IC Markets demo accounts are not subject to requotes or slippage

When you place a trade using a IC Markets demo account, you won't encounter any lags or re-quotes at any point during the process as it is simulated. IC Markets may re-quote your order if the markets are moving quickly and there is a lot of volatility with a live IC Markets trading account. The term "slippage" refers to the situation in which a IC Markets order is carried out at a less advantageous price.

Spread the Price Difference Between Your IC Markets Demo Accounts and Your Live Accounts

Trading using a IC Markets demo account is very similar to trading using a IC Markets real account; however, the price feed is very different when using the IC Markets demo account. IC Markets demo accounts typically have fixed spreads, which means that if you open a real IC Markets trading account when there is a high level of volatility, the spreads may widen and your IC Markets costs may increase.

How Does The IC Markets Demo Account Compare Against Other Brokers?

  • IC Markets Broker Demo Account

    Visit IC Markets

    IC Markets Demo Account: Yes

    🀴 IC Markets is Used By: 180,000
    ⚑ IC Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
    πŸ’΅ Instruments Available with IC Markets: 232

    πŸ“ˆ IC Markets Inactivity Fees: No
    πŸ’° IC Markets Withdrawal Fees: No
    πŸ’° IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
    πŸ’° IC Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD

    IC Markets Risk warning : Losses can exceed deposits

  • Roboforex Broker Demo Account

    Visit Roboforex

    Roboforex Demo Account: Yes

    🀴 Roboforex is Used By: 10,000
    ⚑ Roboforex is Regulated by: Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with Roboforex: 100

    πŸ“ˆ Roboforex Inactivity Fees: No
    πŸ’° Roboforex Withdrawal Fees: Yes
    πŸ’° Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, Bitcoin, WebMoney, BPAY, China UnionPay, FasaPay, CashU, QIWI, Yandex Money, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
    πŸ’° Roboforex Account Base Currencies: USD, EUR, CNY, XAU

    Roboforex Risk warning : Losses can exceed deposits

  • AvaTrade Broker Demo Account

    Visit AvaTrade

    AvaTrade Demo Account: Yes

    🀴 AvaTrade is Used By: 200,000
    ⚑ AvaTrade is Regulated by: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)

    πŸ’΅ What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
    πŸ’΅ Instruments Available with AvaTrade: 1000

    πŸ“ˆ AvaTrade Inactivity Fees: No
    πŸ’° AvaTrade Withdrawal Fees: No
    πŸ’° AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
    πŸ’° AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD

    AvaTrade Risk warning : 71% of retail CFD accounts lose money

  • FP Markets Broker Demo Account

    Visit FP Markets

    FP Markets Demo Account: Yes

    🀴 FP Markets is Used By: 10,000
    ⚑ FP Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)

    πŸ’΅ What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with FP Markets: 100

    πŸ“ˆ FP Markets Inactivity Fees: No
    πŸ’° FP Markets Withdrawal Fees: No
    πŸ’° FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
    πŸ’° FP Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD

    FP Markets Risk warning : Losses can exceed deposits

  • NordFX Broker Demo Account

    Visit NordFX

    NordFX Demo Account: Yes

    🀴 NordFX is Used By: 10,000
    ⚑ NordFX is Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13

    πŸ’΅ What You Can Trade with NordFX: Forex, Majors, Metals,
    πŸ’΅ Instruments Available with NordFX: 50

    πŸ“ˆ NordFX Inactivity Fees: No
    πŸ’° NordFX Withdrawal Fees: No
    πŸ’° NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
    πŸ’° NordFX Account Base Currencies: USD, EUR

    NordFX Risk warning : Losses can exceed deposits

  • Plus500 Broker Demo Account

    Visit Plus500

    Plus500 Demo Account: Yes

    🀴 Plus500 is Used By: 22,000,000
    ⚑ Plus500 is Regulated by: Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546

    πŸ’΅ What You Can Trade with Plus500: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, US Stocks, UK Stocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with Plus500: 2500

    πŸ“ˆ Plus500 Inactivity Fees: Yes
    πŸ’° Plus500 Withdrawal Fees: No
    πŸ’° Plus500 Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill,
    πŸ’° Plus500 Account Base Currencies: GBP, EUR, CHF, JPY, AUD, CAD, NZD, PLN

    Plus500 Risk warning : 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  • XTB Broker Demo Account

    Visit XTB

    XTB Demo Account: Yes

    🀴 XTB is Used By: 250,000
    ⚑ XTB is Regulated by: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa

    πŸ’΅ What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with XTB: 4000

    πŸ“ˆ XTB Inactivity Fees: Yes
    πŸ’° XTB Withdrawal Fees: No
    πŸ’° XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
    πŸ’° XTB Account Base Currencies: USD, GBP, EUR

    XTB Risk warning : 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • Pepperstone Broker Demo Account

    Visit Pepperstone

    Pepperstone Demo Account: Yes

    🀴 Pepperstone is Used By: 89,000
    ⚑ Pepperstone is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217

    πŸ’΅ What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with Pepperstone: 100

    πŸ“ˆ Pepperstone Inactivity Fees: Yes
    πŸ’° Pepperstone Withdrawal Fees: No
    πŸ’° Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
    πŸ’° Pepperstone Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, HKD

    Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

  • XM Broker Demo Account

    Visit XM

    XM Demo Account: Yes

    🀴 XM is Used By: 3,500,000
    ⚑ XM is Regulated by: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

    πŸ’΅ What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
    πŸ’΅ Instruments Available with XM: 1000

    πŸ“ˆ XM Inactivity Fees: Yes
    πŸ’° XM Withdrawal Fees: No
    πŸ’° XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
    πŸ’° XM Account Base Currencies:

    XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • eToro Broker Demo Account

    Visit eToro

    eToro Demo Account: Yes

    🀴 eToro is Used By: 20,000,000
    ⚑ eToro is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

    πŸ’΅ What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with eToro: 2000

    πŸ“ˆ eToro Inactivity Fees: Yes
    πŸ’° eToro Withdrawal Fees: Yes
    πŸ’° eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
    πŸ’° eToro Account Base Currencies: USD

    eToro Risk warning : 79% of retail investor accounts lose money when trading CFDs with this provider.

  • FXPrimus Broker Demo Account

    Visit FXPrimus

    FXPrimus Demo Account: Yes

    🀴 FXPrimus is Used By: 10,000
    ⚑ FXPrimus is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)

    πŸ’΅ What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
    πŸ’΅ Instruments Available with FXPrimus: 130

    πŸ“ˆ FXPrimus Inactivity Fees: No
    πŸ’° FXPrimus Withdrawal Fees: Varies
    πŸ’° FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
    πŸ’° FXPrimus Account Base Currencies: USD, GBP, EUR, SGD, PLN

    FXPrimus Risk warning : Losses can exceed deposits

  • easyMarkets Broker Demo Account

    Visit easyMarkets

    easyMarkets Demo Account: Yes

    🀴 easyMarkets is Used By: 142,500
    ⚑ easyMarkets is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)

    πŸ’΅ What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
    πŸ’΅ Instruments Available with easyMarkets: 200

    πŸ“ˆ easyMarkets Inactivity Fees: No
    πŸ’° easyMarkets Withdrawal Fees: No
    πŸ’° easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
    πŸ’° easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR

    easyMarkets Risk warning : Your capital is at risk


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