Jump to content
  • 0

MT4 Demo Spreadbetting Account - MT4 on Mac


SixEight

Question

Hi All, 

I've managed to get MT4 working on my mac (using an MT4 version from another broker) main reason being I want to test a few strategies with lower amounts of money per trade - to get used to MT4 I am wanting to use the demo account rather than the live, what is the server for IG demo? Also, when going through Market Watch I noticed that despite me logging into my MT4 Live Spreadbet account, they all state the calculation is CFD?! Why is that?

Any help would be greatly appreciated.

Many thanks

Link to comment

6 answers to this question

Recommended Posts

  • 0
1 hour ago, SixEight said:

Hi All, 

I've managed to get MT4 working on my mac (using an MT4 version from another broker) main reason being I want to test a few strategies with lower amounts of money per trade - to get used to MT4 I am wanting to use the demo account rather than the live, what is the server for IG demo? Also, when going through Market Watch I noticed that despite me logging into my MT4 Live Spreadbet account, they all state the calculation is CFD?! Why is that?

Any help would be greatly appreciated.

Many thanks

Hi, that's correct as stated, the calculation for mt4 spread bet accounts is as for cfd accounts, it's because basically they are the same thing but for tax differences on the accounts which is why spread bets are only available in the UK, only UK has those particular tax laws. If you put the sb and cfd side by side there should be no difference in the chart or prices.

The IG demo address is;

demo-mt4.ig.com:443

Link to comment
  • 0

 

14 hours ago, Caseynotes said:

Hi, that's correct as stated, the calculation for mt4 spread bet accounts is as for cfd accounts, it's because basically they are the same thing but for tax differences on the accounts which is why spread bets are only available in the UK, only UK has those particular tax laws. If you put the sb and cfd side by side there should be no difference in the chart or prices.

The IG demo address is;

demo-mt4.ig.com:443

Hey Caseynotes, 

Thank you very much for the reply - great r.e. SB and CFD, I presumed it was similar to the issue with IG stating indices are futures on PRT. 

I've tried that server and it has a tick, but when I use my login details (same for my MT4 live acc) it states 'Common error' in the bottom right and can't connect. Are the login details the same as my MT4 live?

Edit: It shows common error and then after a minute or two states 'Invalid Account' - despite me having logged in to the live server with the same login details?

Edited by SixEight
Link to comment
  • 0
4 minutes ago, SixEight said:

I've tried that server and it has a tick, but when I use my login details (same for my MT4 live acc) it states 'Common error' in the bottom right and can't connect. Are the login details the same as my MT4 live?

Hi, no the demo has a different login name and password, the live name is 5 digits and I think the demo is 6 digits. so long as you are getting the IG demo feed ( File > Open an account ) then you can open a new demo by clicking on demo to highlight and the click next and follow the instructions.

Link to comment
  • 0
3 minutes ago, SixEight said:

Brilliant, I've got it working. Out of interest, on Market Watch it is stating the spread for EUR/USD is 9 - is that 0.9 or 9?! 9 seems amazingly high

yes it's 0.9, you need to be a bit careful with lot sizes and stops etc, pips not points depending on the decimal place used for the market, for indices a stop of 100 = 10 points but I think FX 10 = 10. 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Thanks for sharing this. Unlocking DeFi Potential: Discover the revolutionary features of Ether.fi, a leading decentralized finance (DeFi) platform. Ether.fi offers users innovative solutions for liquidity provision, yield farming, and decentralized trading. Explore its cutting-edge technology and unlock the full potential of decentralized finance in the crypto market.  
    • Solana ecosystem projects continue to impress with their innovative solutions and strong fundamentals, attracting both investors and developers. With Solana's high throughput and low fees, projects built on its blockchain offer scalability and efficiency, driving adoption and fueling the ecosystem's growth. As more developers flock to Solana, its vibrant community and robust infrastructure pave the way for continued success and upward momentum in the crypto space. What are your thoughts on Solana's ecosystem projects and their prospects? If you want to launch a Business then you can read this guideline How to Start a Cryptocurrency Trading Business. 
    • For the latest Ethereum crypto price news today, investors turn to Elliott Wave technical analysis. This method uses wave patterns to predict price movements, aiding decision-making in the volatile cryptocurrency market. Stay informed with expert analysis to navigate Ethereum's price fluctuations effectively.      
×
×
  • Create New...
us