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IFGM Trade Demo Account

IFGM Trade Demo Account

 

 

 

Overall Rating

4.1/5

Rated #394 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

ASIC

📱 Trading Desk

Meta Trader 4 

Crypto

Yes

📈 Total Pairs

18

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Yes, IFGM Trade Demo Account offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. IFGM Trade Demo Account practices forex trading in a 100% risk-free environment.

 

Finding a reputable list about IFGM Trade demo account local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Demo Account review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to using this broker’s platform and their trading interface.

 

How to set up a Demo Account – Step by Step

To register for, and set up a demo account with IFGM Trade, traders can follow these steps:

  • Navigate to the IFGM Trade website and select the banner labeled ‘Try demo account’.
  • Traders will be redirected to a page where they will be offered a choice to sign up for a demo account through IFGM Trade.
  • Traders need to create their own login by entering an email address and choosing a password to get started.
  • Complete the application form where they must provide their First and Last Name, telephone number, email, country of origin, account currency, platform, and account type. Traders must also select to accept the Privacy Policy terms and provide permission to be contacted by the broker, with the option of opting out.
  • Once traders have submitted their registration details, they will receive an email at the address that they provided.
  • To make use of the demo account, traders must download the trading platform and log into their account through the platform by using the details provided.

 

A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.

Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.

Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what IFGM Trade has to offer.

 

Overall Rating

4.1/5

Rated #394 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

ASIC

📱 Trading Desk

Meta Trader 4 

Crypto

Yes

📈 Total Pairs

18

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Demo Account Features

IFGM Trade’s demo account mimics a live trading account. Traders have access to the same functions, features, and options that they normally would on a live trading account.

The only exception is that the demo account is risk-free as traders make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.

When making use of either MetaTrader 4, as opposed to the proprietary IFGM WebTrader, traders will have access to the various functions, tools, features, and more, which are offered by these trading platforms.

The demo account is also offered on the IFGM Islamic Account.

 

Pros and Cons

✔️ PROS ❌ CONS
Demo account sign-up fully digital Demo account expires after 30-days
Sign-up completed in minutes
The proprietary trading platform is web-based
MetaTrader offered
A demo account is also offered on the Islamic account

 

You might also like: IFGM Trade Minimum Deposit

You might also like: IFGM Trade Sign up Bonus

You might also like: IFGM Trade Fees and Spreads

You might also like: IFGM Trade Account types

You might also like: IFGM Trade Islamic Account

 

FAQ’s

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does IFGM Trade offer a demo account?

Yes.

 

For how long is the demo account valid?

30-days.

 

Which live trading accounts does IFGM Trade offer?

IFGM Trade offers an IFGM Standard Account, IFGM Pro Account, and an IFGM Islamic Account for Muslim Traders.

 

What are the available deposit currencies for a live trading account?

  • AUD
  • EUR
  • USD
  • GBP

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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