Exness Review
Pepperstone Demo Account
Yes, Pepperstone does offer a demo account. Traders can navigate to the Pepperstone website and select the “Demo Account” option to open a demo account. Pepperstone is very competitive in terms of its trading fees and spreads. Pepperstone is regulated by one Tier-1 (High Trust), one Tier-2 (Medium Trust), and one Tier-3 (Low Trust) regulator. Pepperstone has a trust score of 92% out of 100.
- Louis Schoeman
Jump to:
Demo Account Overview
How to set up a Demo Account – Step by Step
Account Features
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 BWP
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradeView
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Pepperstone Demo Account – 5 key points quick overview:
How to set up a Pepperstone Demo Account – Step by Step
👉 To register for, and set up a demo account with Pepperstone, traders can visit the website and follow 3 steps.
👉 Step 1 – Open an account
➡️ On the official website, you can click the “Join now” or “Try demo” tabs to quick and easy open an account.
👉 Step 2 – Register an account
➡️ New accounts are applied online and processed according to established industry standards.
➡️ You can open a live account or demo account (also called a practice account) from start to finish on the Pepperstone website and choose to open a demo account first. Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency.
👉 Step 3 – Account verification
➡️ An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step.
➡️ Note that this ‘Know Your Client (KYC) process, may only be necessary once you decide to move forward and work with real money.
Pepperstone Demo Account Features
👉 A practice account allows novice Botswanan users to trade in a realistic simulated market with an unlimited supply of virtual cash. However, whether they are beginners or experienced, traders who have selected Pepperstone as their broker should open a demo account immediately.
👉 The demo account enables Botswanans to familiarize themselves with the site and test their skills without worrying about losing their whole amount. Moreover, if Botswanans forget something they have learned, they can readily refresh their memory by utilizing the dictionary on Pepperstone.
👉 The demo account is a practice account appropriate for novice traders and can also be a beneficial tool for experienced traders. Advanced traders can test their methods using virtual money and accessing simulated real-time market circumstances.
Pepperstone Kenya Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone offers competitive spreads that start from 0.0 pips on EUR/USD | There are restrictions on the countries that may use Pepperstone’s Islamic account |
| Pepperstone is well-regulated and offers an extremely secure trading environment with transparent trading fees | There is no BWP-denominated account offered, subjecting Botswanans to currency conversion fees |
| Investor protection is offered to EU clients through the FSCS | There are additional administrative fees applied to the Islamic account |
| Pepperstone offers a choice between some of the best trading platforms | |
| Negative balance protection is offered for clients in certain regions | |
| There is an Islamic account offered to Muslim traders | |
| There is a demo account offered by Pepperstone | |
| There are several trading tools offered |
Verdict on Pepperstone
👉 Overall, Pepperstone is very competitive in terms of its trading fees and spreads.
FAQ
Is a demo account available at Pepperstone?
Yes, Pepperstone provides both novice and experienced traders with a demo account.
How can I adjust the leverage ratio on my Pepperstone practice account?
You may change your leverage in the Account section of your client area.
Is the Pepperstone account unlimited?
Yes, the demo account at Pepperstone is cost-free for 30 days. After that, however, traders must sign up for a real account, validate their information, and deposit 200 AUD / 1,700 BWP to continue using the demo account.
How can I utilize the demo account at Pepperstone?
Using your account credentials, you may access the platform of your choice and begin trading via the user interface. In addition, you can experiment with various approaches, use extensive charting tools, and more.
How long can I use the Pepperstone demo account?
If traders choose not to sign up for a real account, the demo account is accessible for 30 days.
The demo account can be utilized for an unlimited time after traders have signed up for a real account and validated their information.
