Pepperstone Demo Account Review
Over half a million clients trade forex and CFDs at Pepperstone. Their platform has been awarded a number of international prizes, including best client relationship, best global forex ECN broker, and more.
If you’re new to trading, then you may be looking for brokers that offer great demo accounts that allow you to sharpen your trading skills without having to risk your hard-earned money. With that being said, let’s discuss Pepperstone’s Demo account, the benefits it offers, and important features.
Types of Pepperstone Demo Accounts
For all platforms, Peppertone offers both Razor and Standard demo accounts. If you want to make a career as a forex trader with Pepperstone, you should open a demo account.
You can try trading all Pepperstone markets for 30 days through the Pepperstone demo account opening. You may request an additional 30-day period.
With a single email address, you can create multiple demo accounts and trade 180+ CFD assets.
The demo accounts offer 50,000 pounds/euros/dollars in virtual money and access to MT4, MT5, and cTrader platforms.
In addition, a wide range of educational materials is available, such as tutorial videos, or traders can engage in copy trading.
Pepperstone MT4 Demo Account Review
A Pepperstone demo account allows you to trade with virtual funds as well as get acquainted with the admin side of things. Pepperstone's cTrader platform makes this type of processing extremely user-friendly. Additionally, it keeps it tucked away so that it doesn't interfere with actual trading.
Due to the provision of virtual money with which to 'trade', demo accounts are also called practice accounts because they help traders explore a broker's offering without risking their own money. There is a 30-day trial period available. Pepperstone can set a demo account to be non-expiring upon request from traders.
To get familiar with the live trading environment and develop their own strategies, new traders can use a demo account.
More advanced traders can also take advantage of Pepperstone's demo account to explore the platform. It is not just intended for beginners.
Pepperstone MT4 ReviewDemo accounts of Pepperstone mimic live trading account conditions and provide traders with the same functions, features, and options they would have on a real trading account, but they are risk-free because virtual funds are used to conduct trading in the demo account.
On the demo account, traders cannot withdraw any profits made.
AUD, USD, GBP, JPY, EUR, CAD, NZD, CHF, SGD, and HKD can all be used to open Pepperstone accounts.
A demo account is similar to a live account except for the possibility of slippage. A slippage occurs when your requested order price differs from the order's actual execution price. Due to rapid price changes, your order may be executed at a different price than when it was initiated.
Neither live nor demo accounts at Pepperstone are subject to inactivity fees. Demo accounts on cTrader do not expire unless you are inactive for 30 days. If you have a real account with enough balance, you can request to prevent the closure of MT4 and MT5 demo accounts after 30 days.
How to Open Pepperstone Demo Account
Follow these steps to get started with a Pepperstone demo account:
Open an account. Open an account quickly and easily by clicking the "Join now" or "Try demo" tabs on the official website.
Register an account. Account applications are processed online in accordance with industry standards. Pepperstone offers both live and demo accounts (also called practice accounts) on their website, and you can select to open a demo account first. For the initial step, Pepperstone usually require an e-mail and password, as well as your preferred currency if multiple currencies are available.
Verify your account. Regulators usually require an account verification process, so be prepared for the last step with a copy of your ID and proof of residency. In order to move forward and work with real money, you may need to complete this 'Know Your Client (KYC) process.
The good thing about Pepperstone is that it allows clients to trade on their favorite platforms, even if they are on demo accounts. Among the options are:
MetaTrader4 (MT4): One of the world's most popular retail trading platforms
MetaTrader5 (MT5): This platform offers a number of new and improved features compared to the first generation.
cTrader: A fast-growing trading platform that won the London Summit Awards for Best FX Trading Platform of 2018.
It is worth noting that all of these third-party platforms are quite popular and trusted by a large number of people. You can get them through WebTrader, Desktop Download, or Mobile App. Upon selecting your preferred trading platform, you'll be taken to a screen which confirms your balance of £50,000 virtual capital.
Is Pepperstone a Scam or Legit? Is Pepperstone Safe?FAQs
Can I practice forex trading with Pepperstone?
Yes. There is a Pepperstone demo trading account that beginners can use to practice forex trading without any risk.
How long is Pepperstone demo account?
Demo accounts on MT4/5 expire automatically after 30 days unless you request us to set them to non-expiry for you. A cTrader demo account won't expire if you log in at least once a month.
Is a demo account the same as a live account?
No. In a demo account, you can trade with real-life prices, indicators, and all the tools available on a live account without risking your hard-earned money.
Can you make money on a demo account?
The fact that demo accounts are completely free would lead many traders to believe that they cannot be profitable. Despite what many people believe, it is completely possible to earn money from trading on a demo account.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!