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How to open micro demo account?

  • #1
  • First Post: Oct 31, 2017 5:14am Oct 31, 2017 5:14am
Hi all,

This may well be the most stupid question that has been asked here yet but here goes -

I have been playing on demo accounts for the last 5-6 months with the view to go live usign a micro account in the new year if I am ready. To help prepare for this I wanted to get lot sizes etc down and open a new demop account with a balance of just 200 GBP so that it will closely resemble what I plan toi start my micro account with.

Problem is that I have tried to open a demo account with just 200 GBP in it, broker is IG, and every time I open the account the balanace is back up to 10000 GBP even though I always input 200 as the deposit.....

Can anyone point me in thr right direction please?

Thanks in advance
  • #2
  • Oct 31, 2017 6:11am Oct 31, 2017 6:11am
Quoting Seshwaan
Hi all, This may well be the most stupid question that has been asked here yet but here goes - I have been playing on demo accounts for the last 5-6 months with the view to go live usign a micro account in the new year if I am ready. To help prepare for this I wanted to get lot sizes etc down and open a new demop account with a balance of just 200 GBP so that it will closely resemble what I plan toi start my micro account with. Problem is that I have tried to open a demo account with just 200 GBP in it, broker is IG, and every time I open the account...
Then try others broker who offer micro account! There have so many brokers, let’s try!
  • #3
  • Oct 31, 2017 6:19am Oct 31, 2017 6:19am
Quoting DarrenLehma
{quote} Then try others broker who offer micro account! There have so many brokers, let’s try!

I will try that thanks.

I just thought that as there is the option to open an account with IG with say 3000GBP that I could also do it with 200GBP, clearly not.
  • #4
  • Oct 31, 2017 10:03am Oct 31, 2017 10:03am
I, personally, have never seen brokers offer micro demo accounts, as the demo accounts are usually fairly standard, but it wouldn't hurt to ask whatever broker offering micro live accounts about it. Surely then help.
And even if you don't find one, you can still just use 200GBP from whatever initial balance your demo account has? As for the lot sizes, a broker generally offering microlots should have those on a demo account too?
  • #5
  • Nov 1, 2017 11:57am Nov 1, 2017 11:57am
find cent acc..there a brokers have that..ie fbs
  • #6
  • Nov 1, 2017 2:30pm Nov 1, 2017 2:30pm
Quoting Seshwaan
Hi all, This may well be the most stupid question that has been asked here yet but here goes - I have been playing on demo accounts for the last 5-6 months with the view to go live usign a micro account in the new year if I am ready. To help prepare for this I wanted to get lot sizes etc down and open a new demop account with a balance of just 200 GBP so that it will closely resemble what I plan toi start my micro account with. Problem is that I have tried to open a demo account with just 200 GBP in it, broker is IG, and every time I open the account...
Oanda offer it.
Never stop investing. Never stop improving. Never stop doing something new
  • #7
  • Nov 3, 2017 3:11am Nov 3, 2017 3:11am
Quoting Seshwaan
Hi all, This may well be the most stupid question that has been asked here yet but here goes - I have been playing on demo accounts for the last 5-6 months with the view to go live usign a micro account in the new year if I am ready. To help prepare for this I wanted to get lot sizes etc down and open a new demop account with a balance of just 200 GBP so that it will closely resemble what I plan toi start my micro account with. Problem is that I have tried to open a demo account with just 200 GBP in it, broker is IG, and every time I open the account...
If it is purely for the sake of testing, you can contact your broker and request them to decrease your demo balance to 200 currency units. At least I did that few times with my broker and the support was very responsive and helpful.
  • #8
  • Nov 3, 2017 4:31am Nov 3, 2017 4:31am
Quoting mlawson71
I, personally, have never seen brokers offer micro demo accounts, as the demo accounts are usually fairly standard, but it wouldn't hurt to ask whatever broker offering micro live accounts about it. Surely then help. And even if you don't find one, you can still just use 200GBP from whatever initial balance your demo account has? As for the lot sizes, a broker generally offering microlots should have those on a demo account too?
No, till now there have so many brokers who offer demo service with 100-200$ virtual trading capital! Yes, minimum lots are available there.
  • #9
  • Nov 3, 2017 10:29am Nov 3, 2017 10:29am
Quoting GeorgeBaile
{quote} No, till now there have so many brokers who offer demo service with 100-200$ virtual trading capital! Yes, minimum lots are available there.
Personally, I have never seen a broker offer a demo account that small, but then again I haven't changed my demo accounts in quite a while, so everything is possible.
  • #10
  • Nov 4, 2017 3:02pm Nov 4, 2017 3:02pm
Quoting mlawson71
{quote} Personally, I have never seen a broker offer a demo account that small, but then again I haven't changed my demo accounts in quite a while, so everything is possible.
You are right sir, i also haven't seen any micro demo account but i did had experienced opening a micro account with a broker but it was live trading account with a leverage of 1:1000.
  • #11
  • Nov 6, 2017 11:41pm Nov 6, 2017 11:41pm
Is there any broker providing micro demo account for trading? I have seen so many brokers but none is below $100..!!
  • #12
  • Nov 7, 2017 6:54am Nov 7, 2017 6:54am
Quoting Butterscotch
Is there any broker providing micro demo account for trading? I have seen so many brokers but none is below $100..!!

Im going to ask my current broker, IG, if they can do thsi for me. Will probably be later on though as I am busy at the moment
  • #13
  • Nov 17, 2017 5:56am Nov 17, 2017 5:56am
I have seen for the newcomers always advisable in demo account for practicing. But ultimately they lost interest in here after passing sometimes. so I always prefer micro account instead of it.
  • #14
  • Last Post: Nov 18, 2017 9:54am Nov 18, 2017 9:54am
Quoting Butterscotch
Is there any broker providing micro demo account for trading? I have seen so many brokers but none is below $100..!!
As I pointed out above, I've never seen a micro demo account. They usually start from at least 1000 USD or EUR.
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