Jump to content

Demo account automatic currency conversion

Guest A. Guest

Recommended Posts

Guest A. Guest


I signed up for a demo account a few days ago on https://www.ig.com/ie and I noticed that instead of having 10K virtual  EUR in my account, my funds were showing 8398 EUR from the start. Before even starting to do any transactions. The displayed currency sign for the funds is the EUR sign. However, in the deposit history the virtual deposit had the following description: "Bank Deposit converted at 0.8398".

Was the 10K EUR converted to 8398 GBP, even though the funds have the EUR sign displayed next to them everywhere in my demo account?

Is GBP the default currency for the demo account even if I signed up using the https://www.ig.com/ie site? If it is GBP then why is the EUR sign displayed for my virtual funds?

Will this strange "conversion" also occur when I sign up for a live account, practically costing me more than 1K EUR just for signing up and depositing 10K EUR? :)

Also, do transactions on the demo accounts include currency conversion charges in the PL number?


Any clarification would be greatly appreciated :)

Thank you,



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

    • Sometime one way to avoid touching one's PF is to participate in these kind of event to earn some passive income and perharps use some the proceeds to invest more. I am not quite friendly with bot but will refer it to friend with a trading community where i also get signals. I will appreciate you also share the link to the announcement for more details
    • Despite the fact that i have my reservation on some meme coin; i feel attention could tilting towards BNB chain meme coins. HODL was bullish yesterday upon launch and i may also look into CATA for some market analysis and possible entry cos missing out on most of the Solana chain meme can not repeat itself again haha.
    • I still beleive Pepe is still a strong competitor for shib and after Doge they should be among the few meme coin to hodl but would appreciate your analysis on HODL a new meme coin on BNB chain that has hugely pumped yesterday on Pancakeswap and Bitget. Its mainnet launch and initial listing was also yesterday.
  • Create New...