The Top5 Pro

1. How to Open and Set Up a Demo Account for IC Markets

Step-by-step guide:

2. Sign Up for a Demo Account:

On the homepage, locate the "Open Demo Account" button (usually at the top right of the page) and click on it.
Fill in the required information such as your name, email address, and phone number.
Select your preferred trading platform (MetaTrader 4, MetaTrader 5, or cTrader) and account type (Standard or Raw Spread).

3. Configure the Demo Account:

Choose the leverage you want to use (for beginners, you can start with 1:30 or 1:50).
Set your initial virtual balance (you can choose any amount, but it's a good idea to start with what you plan to use in real life).

4. Download the Platform:

After registration, IC Markets will send you a confirmation email with your demo account login details.
Download the platform you selected (MT4/MT5 or cTrader) from the IC Markets website.

5. Login to Your Trading Platform:

Install the platform, launch it, and enter your demo account credentials (username, password, and server).
You are now ready to practice trading in real-time conditions, risk-free.

2. How to Place a Forex Trade on MetaTrader 4 (MT4) - IC Markets

Step-by-step guide:

1. Log in to MT4:

2. Open the Trading Window:

On the left side of the platform, you'll see the "Market Watch" window with a list of available currency pairs.
Right-click on the pair you want to trade (e.g., EUR/USD) and select "New Order".

3. Set Up Your Trade:

In the new order window, choose whether you want to buy or sell.
Set the lot size (this determines how much you are trading). For beginners, you might want to start with a micro-lot (0.01) to reduce risk.

4. Add Stop-Loss and Take-Profit (Optional but Recommended):

Stop-Loss: This is a price level at which the trade will close automatically to minimize losses.
Take-Profit: This is a price level at which your trade will close automatically when it reaches your profit target.

5. Execute the Trade:

Choose between a Market Execution (where the trade happens instantly at the current price) or a Pending Order (where you set a future price for the trade to open).
Click Buy or Sell to execute the trade.

6. Monitor Your Trade:

You can see the open trade in the "Terminal" window at the bottom of the platform. It will display the profit/loss of the trade in real time.
To close the trade, right-click on it and choose "Close Order".

3. How to Deposit Funds into Your Live Account

Step-by-step guide:

Visit the IC Markets website and click on "Client Login" to access your account.
Enter your credentials (email and password).

2. Navigate to the Deposit Section:

Once logged in, go to the "Funds" tab in the dashboard and select "Deposit" from the dropdown menu.

3. Choose Your Payment Method:

IC Markets offers a variety of deposit methods, including bank transfer, credit card, PayPal, Skrill, Neteller, and more.
Select your preferred method and enter the amount you wish to deposit.

4. Complete the Deposit Process:

Follow the instructions for the payment method you’ve selected (e.g., if you're using a credit card, enter your card details and confirm).
Some methods may process instantly, while others (like bank transfers) can take 1-3 business days.

5. Check Your Account Balance:

Once the deposit is complete, you can check your "Account Summary" to see if the funds have been credited.
You’re now ready to trade with real money on IC Markets.

IC Markets - Tutorials