Pepperstone Demo Account
Pepperstone does provide demo accounts. Explore further to understand the features of these practice accounts and review the associated fees and services Pepperstone offers.
How to Open a Pepperstone Demo Account
To open a demo account at Pepperstone, follow these simple steps:
Visit the Pepperstone Website: Go to the Pepperstone homepage and click on the "Join now" button to start the registration process.
Sign-Up Method: You can sign up using Apple, Google, or Facebook, or proceed with your email address.
Create Your Profile: Fill out the registration form with your personal details, ensuring they match your ID documents.
Confirm Your Email: Check your inbox for a confirmation email from Pepperstone and click the verification link.
Set Up Your Trading Account: Choose your trading platform, account type, and base currency.
Provide Employment and Income Information: Enter details about your employment status, annual income, and trading experience.
Appropriateness Test: Complete the test to assess your trading knowledge.
Confirm Your Details: Double-check all your provided information.
Declaration: Agree to Pepperstone's terms and conditions.
Verification: Upload a government-issued photo ID and proof of residence to verify your identity.
By completing these steps, you'll have a Pepperstone demo account set up to practice trading in a risk-free environment. For detailed instructions, refer to our comprehensive guide: How to Open a Pepperstone Account.
How to Set Up a Pepperstone Demo Account
When you register for an account at Pepperstone, a demo account is automatically set up as part of the process. This enables you to demo trading in real market conditions without any financial risk.
To create additional demo accounts, log in to the Secure Client Area. Go to the "Trading Accounts" section, switch to the "Demo" tab, and click "Add a trading account." Choose your preferred trading platform, account type, starting balance (ranging from $200 to $50,000), and account currency (USD, EUR, GBP, AUD, JPY, CHF, CAD, NZD, SGD, HKD).
Pepperstone allows clients to open an unlimited number of demo accounts. This gives you ample opportunity to experiment with different strategies and become familiar with the trading platform.
Types of Pepperstone Demo Accounts
| Standard | Razor | |
|---|---|---|
| Account Currency | USD, EUR, GBP, CHF, JPY, NZD, SGD, CAD, HKD, AUD | |
| Minimum Deposit | 1 $1 €show all | |
| Trading Platforms | MetaTrader 5MetaTrader 4cTraderTradingView | |
| Spread | floatingfrom 1 pipsfor EURUSD~ 1.15 pips | floatingfrom 0 pipsfor EURUSD~ 0.15 pips |
| Commission per Trade | per 1 lot~ 3.5 $ | |
| Trading Assets | ForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy CarriersSoft Commodities | |
| Opened Positions | — | |
| Leverage | 1:1-1:500 | |
| Margin Call / Stop Out | 90% / 20% | |
| Order Execution | ECN | |
| Demo Account | ||
| Islamic Account | ||
| Open AccountRegister | Open AccountRegister | |
Pepperstone provides both Razor and Standard demo accounts across all platforms. You can explore trading in all Pepperstone markets for an initial 30-day period, with the option to request an additional 30 days if needed.
With just one email address, you can open multiple demo accounts and trade over 1200 CFD assets. These demo accounts allow beginners to choose a starting balance between 200 and 50,000 in any of the 10 available account currencies. You'll also have access to the MT4, MT5, cTrader, and TradingView platforms. For more details, visit our page on Pepperstone account types.
Pepperstone Demo Account Features
Pepperstone's demo accounts have various features designed to help you practice and improve your trading skills. Here’s what you need to know:
MT4 and MT5 demo accounts have a 60-day expiry, while cTrader and TradingView demo accounts do not expire. However, if you have an approved live and funded account, Pepperstone can convert your MT4/MT5 demo account to a non-expiry demo account. Remember that a non-expiry demo account can still be archived if inactive for 90 days. Activity is defined as trading or logging into the account. Note that MT4 demo accounts will expire even with open trades, while MT5 demo accounts remain open as long as there are positions.
If you hold a live account with Pepperstone, you can have up to 10 demo accounts. Without a live account, you can have up to 5 demo accounts: 2 for MT4 (1 standard and 1 razor account), and one each for MT5, cTrader, and TradingView. Additional demo accounts can only be opened after the existing ones expire.
Pepperstone does not offer swap-free demo accounts. Demo accounts are not charged for slippage, interest, dividend adjustments, or out-of-hours price movements. Trades on demo accounts may be rejected due to insufficient funds but not due to trade size or price. Additionally, trades will not be closed due to insufficient funds to cover margin or running losses. For swap-free options, please refer to the Pepperstone Islamic account.
FAQ
Does Pepperstone offer a demo account?
Yes, Pepperstone offers demo accounts that allow you to practice trading without risking real money.
How long does a Pepperstone demo account last?
MT4 and MT5 demo accounts last for 60 days, while TradingView and cTrader demo accounts do not expire.
Is Pepperstone available in the USA?
No, Pepperstone is not available for residents of the USA. For more details, see our Pepperstone USA review.
What is the difference between a demo and a live trading account?
A demo account uses virtual funds to simulate trading, while a live account uses real money for actual trading in the markets.
What countries is Pepperstone available in?
Pepperstone is available in many countries worldwide, excluding the USA, Canada, and a few other restricted regions.
Is Pepperstone regulated?
Yes, Pepperstone is regulated by multiple authorities, including ASIC (Australia), SCB (The Bahamas), CySEC (Cyprus), DFSA (UAE), BaFin (Germany), CMA (Kenya), and FCA (United Kingdom).
What is the minimum deposit for Pepperstone?
Pepperstone does not have a minimum deposit requirement. However, they recommend a starting deposit of $200.
Does Pepperstone charge an inactivity fee?
No, Pepperstone does not charge an inactivity fee on demo accounts or live accounts.
How do I close my Pepperstone demo account?
To close your Pepperstone demo account, you can simply stop using it, and it will expire after a period of inactivity. Alternatively, you can contact customer support for assistance.
Can I practice Forex trading with Pepperstone?
Yes, you can practice CFDs and Forex trading using a demo account with Pepperstone.
What trading platforms does Pepperstone offer?
Pepperstone trading platforms include MT4, MT5, cTrader, and TradingView.
How many demo accounts can I open with Pepperstone?
If you have a live account, you can open up to 10 demo accounts. Without a live account, you can open up to 5 demo accounts.
