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
  • General Statistics

    • Total Topics
      19,995
    • Total Posts
      87,962
    • Total Members
      69,145
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Badman27
    Joined 26/09/22 06:08
  • Posts

    • Commodity Futures Market Summary: Elliott Wave Trading Strategies; US Gov Bonds 10 Yr Yields, US Dollar Index DXY, US Spot Gold, GDX, Silver, Copper, XLE Energy ETF, Crude Oil and Natural Gas Market Summary: Stronger Dollar index weaker FX pairs and commodities. Shorting Gold stocks seems one of the better moves. Expect all metals and energy markets lower  Video Chapters 00:00 US Gov Bonds 10 Yr Yields 08:04 US Dollar Index DXY  13:58 GDX ETF /  US Spot Gold 15:44 US Spot Silver 17:20 US Copper / Lithium / Uranium / Nickel 25:20 Crude Oil. Sector XLE / XOM 34:42 Natural Gas 48:44 Thanks for supporting! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
    • Elliott Wave Analysis TradingLounge Daily Chart, 26 September 2022, Monero (XMRUSD) XMRUSD Elliott Wave Technical Analysis Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave (2) of Motive Details: A retrace in wave (2) to continue up in wave (3), but the price must not fall below 134.072. Wave Cancel invalid Level: 134.072 Monero (XMRUSD) Trading Strategy: Bul Market Efforts The price tends to trade above the 174.2 level as MACD Histogram has a Bul ish divergence, and the price has an opportunity reversal, This could be an opportunity to open a long position. Monero (XMRUSD) Technical Indicators: MACD and MACDHistogram has a Bul ish divergence, and the price has an opportunity reversal. TradingLounge Analyst: Kittiampon Somboonsod Source: tradinglounge.com    Get Trial Here!       Elliott Wave Analysis TradingLounge 4H Chart, 26 September 2022, Monero (XMRUSD) XMRUSD Elliott Wave Technical Analysis Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave (2) of Motive Details: A retrace in wave (2) to continue up in wave (3), but the price must not fall below 134.072. Wave Cancel invalid Level: 134.072 Monero (XMRUSD) Trading Strategy: Bul Market Efforts The price tends to trade above the 174.2 level as MACD and MACD Histogram has a Bul ish divergence, and the price has an opportunity reversal, This could be an opportunity to open a long position. Monero (XMRUSD) Technical Indicators: MACD and MACDHistogram has a Bul ish divergence, and the price has an opportunity reversal.
    • Stocks: AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, JPM. Elliott Wave  US Stock Bear Market: AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis  Stock Market Summary: Elliott Wave Count: Wave (ii) or (iv) depending on the stock. Analysis US Stocks: Tesla TSLA, Amazon AMZN, Nvidia (NVDA), Apple AAPL, Microsoft MSFT, Berkshire Hathaway (BRK/B),Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market Trading strategies: The market is still trending lower in the medium term. Continue on the short side of the market and short the corrective rally today.  Market News: The Fed will save the stock market and cut interest rates if a deep recession occurs next year, JPMorgan said./ Some U.S. firms wait to issue bonds in a bet rates will come down Video Chapters 00:00 SP500 00:58 Apple (AAPL) 07:03 NVIDIA (NVDA) 08:28 Amazon (AMZN) 10:50 Meta Platforms (META) 12:01 Netflix (NFLX)  14:42 Enphase (ENPH) 16:18 Tesla (TSLA) 20:30 Alphabet (GOOGL)  22:59 Microsoft (MSFT) 32:58 Block Inc. (SQ)  34:37 Banks JPM, GS 43:15 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  
×
×
  • Create New...