You are just starting out in the financial markets, having a clear step-by-step guide can make your journey much smoother. This beginner’s tutorial will walk you through four essential steps — from opening your free demo account to withdrawing profits to your bank account.
This guide is especially useful for traders in India, ensuring you understand each process clearly.

1. How to Open and Set Up a Demo Account on IC Markets
A demo account allows you to practise trading with virtual funds in real market conditions. Here’s how to set it up:

Step 1: Visit the IC Markets Website
Go to IC Markets Official Website.
Click “Try a Free Demo” or “Open a Demo Account”.

Step 2: Fill in Your Personal Details
Name, email, phone number, and country (India).
Create a strong password.

Step 3: Select Account Preferences

Platform: Choose MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
Account Type: Standard or Raw Spread.
Base Currency: INR is not available, so you can choose USD, EUR, or AUD.
Leverage: Example: 1:500 (for practice).
Initial Deposit: Choose your virtual fund amount.

Step 4: Confirm and Login
You will receive your demo login details via email.
Download MT4/MT5 and log in with the provided credentials.

2. How to Place a Position on MetaTrader 4 (MT4) – IC Markets

Step 1: Log into MT4
Open MT4 on your computer or mobile.
Go to File → Login to Trade Account.
Enter your account ID, password, and server details.

Step 2: Choose the Instrument
In the Market Watch window, select the instrument you want.
Drag it onto the chart to open its price movement.

Step 3: Open an Order
Click New Order.
Set your Volume (lot size).
Optionally, set Stop Loss and Take Profit.
Click Buy (for upward movement) or Sell (for downward movement).

Step 4: Monitor Your Trade
Check your open positions in the Terminal window.
You can close or modify your trades anytime.

3. How to Close a Position on MT4 – IC Markets

Step 1: Access the Terminal
Press Ctrl+T or go to View → Terminal.

Step 2: Select the Open Trade
Go to the Trade tab and find your active position.

Step 3: Close the Trade
Right-click → Close Order.
Confirm the action.

4. How to Withdraw Your Profit to Your Bank Account

Step 1: Login to Client Area
Visit IC Markets Client Login.
Enter your email and password.

Step 2: Select Withdrawal Method
For Indian traders, Bank Transfer is common.
You can also choose PayPal, Skrill, Neteller, etc.

Step 3: Enter Withdrawal Details

Fill in your bank account details (IFSC code, account number, etc.).
Specify the amount you want to withdraw.

Step 4: Confirm and Wait
Bank transfers to India usually take 2–5 business days.
E-wallet withdrawals are much faster.