Demo Account Fees

[alvintay]

Hi all,

Just started using the demo account to trial Forex and wanted to find out if all the trading cost and other charges like overnight funding are applied for the demo account or will these charges only be applied when I have a live account?

Thanks!

[Guest Random]

This is a very interesting question!

 

A demo account should take into account the costs, if it wants to simulate truthfully trading. Things like slippage are harder to simulate, but fees and charges should be reflected to be useful and faithful. I would not trust a platform that does not do so in their demo accounts.

Any answers?

[Guest Flavio]

i have the same question,

Is the demo account according with the Live account? or it will have additional fees/cost a soon as i get on the live account?

the history on the demo account is not showing any Fees. 

[Viper]

Any answers from IG?

[Viper]

9 hours ago, Viper said:

Any answers from IG?

Thanks for your email.   Yes the spread and overnight funding are all built into the demo account as well so you will be able to see how that performs.    The one thing to note is that our margin call policy does not apply to the demo as it would to the live account If you have any further queries, please do not hesitate to contact us. Regards, Rob New Business Team IG

[StephenP]

The IG Demo account does not represent the live market at all with different spreads; also, slippage is a common occurrence.  I have tackled IG many times on this, and the result has been that the demo offering is for testing and is not supported like a live account.  Sorry for the dim news, but this is a reality.  Also, I recommend that you do not use PRT V12, as this makes things even worse!Its best to start on a small real account until your confidence builds.