How To Open a Pepperstone Demo Account

filippo ucchino Filippo Ucchino calendar Last Updated: September 2022 timer 5 Min Read

Pepperstone is one of the many top forex brokers offering a free demo account that is easy and quick to set up.

InvestinGoal’s team of industry experts has reviewed all aspects of Pepperstone’s free demo account, including the features and how to set up the account.

The main features of the Pepperstone demo account:

  • 30-day trial
  • Ability to open multiple demo accounts
  • Totally free
  • Easy to open
  • Good range of platforms
  • $50,000 virtual currency to invest
  • All live account markets and assets available
  • EAs can be installed
Table of Content

Round-up

Peppestone demo account Characteristics
Demo available Yes
Trial duration 30 days for MT4 and MT5 accounts;
Unlimited for cTrader accounts
Demo platforms MT4, MT5, cTrader
Virtual money amount $50.000
Customizable features Yes

Visit Pepperstone
(75.9% of retail CFD accounts lose money)

Pepperstone demo account opening tutorial

Here is our step-by-step tutorial on everything you need to know about opening your Pepperstone demo account.

Step 1: visit the website of Pepperstone

To open your Pepperstone demo account, you will need to visit the broker website.

Once on the homepage, you will be presented with a red button to ‘Join now’ and a white clickable link beside it offering ‘or try demo’.

The pepperstone homepage from which open a demo account

Visit Pepperstone
(75.9% of retail CFD accounts lose money)

Step 2: fill out the registration form

The information you need when signing up for a Pepperstone demo account is minimal. Once you have clicked the demo account button above, you will be directed to a registration page.

You will be asked to confirm the following things:

  • Which platform type you are looking to trial and download
  • Your date of birth to confirm that you are over 18 years old
  • Your name, address, and contact details including phone number and email address
  • Choose a secure password

You also have the choice of signing up for a Pepperstone demo account through your Facebook, LinkedIn, or Google account to make the process even easier.

As Pepperstone is well-regulated by both ASIC and the FCA, you do not need to worry at all about the security of the process or your data.

Fill in the register form to open your Pepperstone demo account

Step 3: verify your profile

Once you have completed the basic personal information required to open your Pepperstone demo account, either through the registration form or your social media channels, you will be asked to confirm your email address.

This is an email you should automatically have received when submitting your application, and it’s as simple as clicking the link in the email. From there, your Pepperstone demo account is essentially ready to use. You will be greeted with the following screen:

Open your Pepperstone demo account

Step 4: login into the demo account

Once you get the message that your account is ready, you will be provided with unique login MetaTrader details and will see two options as above for accessing your trading platform.

You can choose to use the Web Trader from Metatrader which will open in the browser. MT5 and cTrader platforms are also available.

Pepperstone’s demo account features

Here is a rundown of some of the key features of the Pepperstone demo account to aid with your decision-making.

It is very simple to open a demo account. Just a valid email address and a valid phone number are needed.

The demo account offered is valid for 30 days for MT4 and MT5 accounts, and unlimited for cTrader accounts. Multiple demo accounts can be opened with the same email address and there are 180+ CFD assets, just like for the live account.

50,000 £/€/$ in virtual money is available for demo account trading and access to MT4, MT5, and cTrader platforms are all offered.

There is also a wide range of educational materials including tutorial videos, or the possibility to engage in copy trading of other traders and experts.

Differences between live and demo Pepperstone accounts

Peppertone offers all account types as demo accounts including both the Razor or Standard accounts for all platforms.

The major difference between demo and live accounts is the possibility of slippage. Slippage is the difference between your requested order price and the real order’s execution price. This happens because prices change quickly and as a consequence, your order can be executed at a different price than when the order was initiated.

There are no inactivity fees with Pepperstone for live or demo accounts. The cTrader demo account does not expire unless you have been inactive for 30 days. MT4 and MT5 demo accounts are valid for 30 days, after which, they may be closed but if you have a real account with enough balance you can ask to prevent the closure.

How to switch to a live account

Your demo account will remain available after switching to a live account.

To open a live account, you will need to provide the broker with proof of your identity (Passport, ID, or Driver’s Licence) and proof of your residence (Bill utility or bank statement). Depending on the country, you may also be asked to fill out a questionnaire about your trading knowledge.

After Pepperstone verification, your account can be funded to start trading. The broker does not require a specific minimum deposit.

With enough experience, you may be eligible for a Pepperstone professional account. The most popular account choice for pro traders is the Razor account, which features spreads from 0 pips and has a $7 per lot traded commission.

How to best use your Pepperstone demo account

Here are some tips on how to best use your Pepperstone demo account.

  • Set it up just as you would a real account including platform and account type
  • Open the same position size you intend to trade on a real account
  • Trade in the same manner as you intend to with real money
  • Practice daily
  • Use all of the features and supports the broker provides

Pros and cons of the Pepperstone demo account

Pros

  • Unlimited for cTrader accounts
  • Good choice of trading platforms

Cons

  • 30 days for an MT4 or MT5 account, though you can prevent it to be closed if you have enough balance on a real account

Open Account
75.9% of retail investor accounts lose money when trading CFDs

About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Leave a Reply

Your email address will not be published.

Better Informed

Find and Compare The Best
Online Broker For You

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
Copyright © 2022 InvestinGoal.com – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap