Jump to content

Demo account questions (US)


Recommended Posts

Hi, I opened a demo account last night and am using IG web platform.  I figured out how to manually edit my virtual balance, but I was wondering if/how leverage works on the demo account?  At a glance it doesn't seem to have any leverage but I could easily be missing something.  My understanding (and correct me if I'm wrong plz) is that a live IG account for a US resident will have 50x leverage, but what about the demo account?  If there are settings that control leverage options, please let me know where to find those.

Also, if I download the IG app for Android, will it allow me to login and use the same demo account?  Yesterday I mistakenly opened an MT platform demo account alongside the web platform and had to have a support rep close the MT demo since only one demo is allowed.  I just want to make sure I don't mistakenly cause any double/conflicting account issues if I install the IG android app.

Lastly, does the IG demo have a time limit or expiration like some others do?  If so, how long is the demo good for?

Thanks!

Link to comment
  • OfentseIG changed the title to Demo account questions (US)
8 hours ago, JZaffiro said:

Hi, I opened a demo account last night and am using IG web platform.  I figured out how to manually edit my virtual balance, but I was wondering if/how leverage works on the demo account?  At a glance it doesn't seem to have any leverage but I could easily be missing something.  My understanding (and correct me if I'm wrong plz) is that a live IG account for a US resident will have 50x leverage, but what about the demo account?  If there are settings that control leverage options, please let me know where to find those.

Also, if I download the IG app for Android, will it allow me to login and use the same demo account?  Yesterday I mistakenly opened an MT platform demo account alongside the web platform and had to have a support rep close the MT demo since only one demo is allowed.  I just want to make sure I don't mistakenly cause any double/conflicting account issues if I install the IG android app.

Lastly, does the IG demo have a time limit or expiration like some others do?  If so, how long is the demo good for?

Thanks!

Hi @JZaffiro

Thank you for reaching out. 

Most of our Major pairs margin requirement ranges between 2% and 3%, that is 1/50 and 1/33.33 respectively. You can find more information of the leverage we provide from the link Margin of Forex. This would be the same requirement on demo accounts as it tracks the live account. 

You can login to your IG demo account from the App. Please use the same demo credentials when logging into your App. 

You can use the demo account your entire IG lifetime. The IG demo account does not have a time limit. 

All the best, OfentseIG

 

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

    • Nettensor is making waves in the tech industry by offering a unique combination of AI infrastructure and advanced blockchain solutions. They leverage cutting-edge hardware to deliver fast, efficient, and powerful products designed to streamline the convergence of these two revolutionary technologies. It boasts a comprehensive suite of services, including NetCloud, NetGPU, NetApp Chain, and NetVPN. Notably, their native token, NAO, recently debuted on the Bitget exchange and has been experiencing a positive initial price trend. With its focus on simplifying and elevating the synergy between AI and blockchain, Nettensor is positioned to be a key player in the future of decentralized applications. But will NAO's bullish start translate into long-term success? Only time will tell.
    • The spike in volume you're noticing around 7 pm could be related to the closing of trading sessions or the release of important news. Regarding your experience with a sudden wick spike, this is a common challenge in trading. Setting appropriate stop-loss levels and being prepared for volatility can help manage such risks. As for news sources, financial news outlets like Bloomberg, Reuters, and CNBC can provide valuable insights into market trends. Also, I came across this interesting platform, smarterbusiness.co.uk, which helps businesses find optimal utility providers. While it may not be directly related to trading, having access to the right info and resources can be crucial in any business endeavor.
    • prepare to witness a revolution in blockchain technology with Massa, pioneering a radical approach through its unique blockclique architecture. Capable of processing up to 10,000 transactions per second, Massa stands as a leader in scalability, efficiency, and security, setting new standards for decentralized ecosystems. At the heart of Massa's innovation lies its blockclique architecture, a groundbreaking framework designed to optimize transaction throughput and enhance network performance. With the capacity to handle up to 10,000 transactions per second, Massa empowers developers and users with unparalleled speed and scalability, paving the way for a new era of blockchain applications. Massa's Autonomous Smart Contracts (ASCs) represent the next evolution in smart contract technology. Supporting a wide range of applications, including DeFi, ASCs enable decentralized applications (dApps) to be fully hosted on-chain, reducing reliance on centralized services and enhancing security and autonomy. With Massa's ASCs, developers can unleash the full potential of decentralized finance and beyond, driving innovation and accessibility in the blockchain space. Excitement mounts as Bitget Exchange announces the listing of Massa, providing users with the opportunity to trade and stake this revolutionary token. This partnership not only enhances Massa's visibility but also offers traders and investors a trusted platform to engage with its native token, unlocking new opportunities for growth and participation in the Massa ecosystem.
×
×
  • Create New...
us