Forex demo account guide
A demo account lets you trade real market prices with virtual money. It is the cheapest way to learn the platform, test a plan and make your first mistakes for free.
Last reviewed: · 964FX
What a demo account is good for
- Learning the platform: placing orders, setting stop loss and take profit, closing trades.
- Understanding lot size, pip value and margin before real money is involved.
- Following our daily signals and the economic calendar to see how news moves prices.
- Testing a written plan for several weeks and measuring the results honestly.
What a demo cannot teach you
Virtual money does not create fear or greed, and fills on a demo can be cleaner than on a live account during fast news. Treat the demo as training, not as proof that a strategy will make money.
Opening a demo with IC Markets
IC offers a free demo account, opened from the "Try a Free Demo" button on ic.com with a short registration form. You can then log in to MetaTrader or another supported platform with the demo login. Use the same balance and lot sizes you would really use; a huge demo balance teaches bad habits.
Checklist before going live
- At least 30 to 50 demo trades recorded in a journal.
- You always used a stop loss and never broke your risk rule.
- You know which calendar events you avoid.
- You start live with a small size and accept that results will vary.
Frequently asked questions
Is a forex demo account free?
Yes, demo accounts are normally free and use virtual money. You do not deposit funds to open one.
Does IC Markets have a demo account?
Yes. IC offers a free demo account from the "Try a Free Demo" button on ic.com after a short registration form.
How long should I trade on a demo?
There is no fixed rule. Many traders stay on demo until they have a written plan and a few dozen trades that follow it.
Can I use 964FX signals on a demo account?
Yes, and it is a good way to start. Follow the entry, stop and target exactly and record the results.
Keep going
Risk warning
Forex, gold and CFDs are leveraged products and you can lose money quickly. Only trade money you can afford to lose. This page is education, not financial, tax, legal or religious advice, and past results do not guarantee future results.
Introducing broker disclosure
964FX is run by Saif Altamimi, an Introducing Broker (IB) for IC Markets. The ic.com website is operated by Raw Trading Ltd, which IC states is regulated by the Seychelles Financial Services Authority (licence SD018). If you open an account through a link on this site, Saif may receive a commission from the broker. IC does not accept clients from some countries, including the United States, Canada and Iran, so check that the service is allowed where you live.