Pepperstone Demo Account – Opening Process, Charges, Features, Benefits & more
Find out all details about the Pepperstone Demo Account here.
Demo accounts are the best possible way to learn to trade in the real way.
Whether you are trading stocks or currencies or any other assets, you need to understand how the market works.
Then the different types of orders, execution, price movement, and lots of things.
With Pepperstone Demo Account you can easily explore all these options and learn trading in the most practical way possible.
With the advent of virtual trading platforms, learning trading is no more a hassle.
Most people stay away from the market as they are afraid of losing money when they are new in the market.
However, with Pepperstone Virtual Trading Platform, you can not only learn trading when you are a newbie, as a professional trader as well you can use this platform for different trading purposes without involving any real cash.
In this article, you will learn about the demo account of Pepperstone in detail.
We will cover the features of the demo account, the benefits, expenses, and everything else that you need to be aware of.
Pepperstone Demo Account
Pepperstone is a brokerage house that has a global repute. In the year 2010, the firm first came into existence holding the hands of Tamas Szabo.
Since then it has now had a presence across the globe.
The headquarter of the firm is in Australia and it is regulated by multiple financial authorities across the world. For instance, BaFIN, FCA, SFC, and others.
The Pepperstone Demo account is an all-in-one kind of account that can help you understand trading from every aspect.
Whether you want to learn about trading tools, or trading instruments, different charts, everything is available on the virtual platform.
But what is a Demo account? A Demo account is like a trading account but in this account, you do not trade using real money but virtual cash.
You can trade all those shares, currencies, indices, and everything available with Pepperstone but with virtual money.
So, you do not lose any money while learning nor make any profit.
Demo accounts are the most feasible way of learning how the market works. Then different trading tactics and everything else.
With Pepperstone Virtual Trading Platform you can explore all the asset classes and trading platforms as well.
Open Demo Account Now! – Zero Commission on Trades
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Pepperstone Demo Account Features
The features which make the Pepperstone Demo account worthwhile for use are –
Pepperstone provides its Demo account completely for free.
There are no charges or hidden fees as well. You can use it just by opening the account.
There is no need to make any payment or investment for the same.
You get virtual cash in the account which you can use for trading the real stocks virtually.
Multiple tradable assets
Even if it is a Demo account, you can get to trade every asset that is actually available on the Pepperstone trading account.
You can trade currencies, commodities, indices, shares, and other assets.
This helps you understand how each of these asset classes reacts to the market movements and how to trade each of them. You can trade all or stick to any one of them.
Abundance of learning resources
Demo accounts are basically for learning and it is loaded with learning resources.
There are multiple fundamental and annual reports of different companies, historical data and price charts, and a lot more.
These resources can be used for learning as well as chalking out strategies for trading.
Ample of technical tools
Technical tools are all available with the Demo account.
You can use interactive charts, indicators, and other resources and tools for predicting the market.
It will help you learn technical analysis for free and in the most practical manner.
Advanced trading platforms
The trading platforms that you get with a Demo account are real trading platforms.
Pepperstone provides MT 5 or MetaTrader 5 and this is what you get with the Demo account as well. So, you get to learn to trade on the world’s most advanced trading platform.
This is loaded with trading features which you hardly find with other brokers and on other trading platforms. You can learn trading in the most authentic way possible.
Pepperstone Demo Account Charges
|Demo Account Details|
The charges for using Pepperstone Virtual Trading Platform are nil. There are no charges that you need to pay towards this demo account. Pepperstone provides the service for free to the people who apply for the same.
When you open the demo account you can start practicing trading for free and you can keep on doing the same for free until you are sure enough to hit the market in real life.
However, the virtual cash that you receive to trade the instruments is unlimited. So, you do not have to worry about exhausting your virtual cash.
You can keep on losing the bets without worrying about the cash but make sure you learn from each mistake.
How to open Pepperstone Demo Account?
The process of opening a Pepperstone Virtual Trading account is quite easy. Here are the steps you need to follow –
- Click on this tab “ open Demo account”
- Now fill the form that you see on your screen
- Make sure you enter the right details – name, address, occupation, bank details, and others
- Then submit the form and wait
- A Pepperstone associate will call you and guide you about the remaining procedure where you need to upload the scan copies of documents for KYC purposes. The documents will include PAN, AADHAAR, Bank statements, and others.
- Then your details and documents will be verified by the team of Pepperstone and you will receive the login credentials provided your application gets accepted.
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Advantages of Pepperstone Virtual Trading Platform
The advantages of having a Pepperstone demo account are given below –
- You can trade any instruments on this demo account. There are all types of instruments.
- The brokerage house is a globally accepted and reputed one
- It charges no fee or hidden cost for using the demo account
- You get multiple technical tools to use
- You get hands-on experience of MetaTrader 5
- There are multiple order types you can choose to use and explore
- Most importantly, you do not spend a penny for all these services and products in the Demo account.
- You can convert your demo account to the Pepperstone trading account at any point in time, whenever you are sure and ready to start trading with real money.
Pepperstone Demo Account – Conclusion
To conclude, we can say Pepperstone provides one of the most advanced demo accounts. It has multiple tradable assets as well as trading tools and resources.
You can use this demo account for learning trading without losing any real money.
You can start learning different trading orders, market trends, and a lot of other things just by opening a Demo account with Pepperstone.
When you start trading like any other work, you need a boost. A loss can set you back both financially and mentally.
Thus, a demo account involves no real money and thus will help in boosting your morale even if you lose in the market.
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Pepperstone Virtual Trading Account – FAQs
Here is the list of FAQs related to the Pepperstone demo account:
Does Pepperstone provide Demo a/c?
Yes, Pepperstone provides a demo account for those who want to learn trading from scratch.
There are all features of a real trading account in this demo account. However, the cash you will be used for trading is not real.
How to Set up a Pepperstone Demo Account?
The process of setting up involves opening the Demo account, then downloading the trading platforms, and then you can set it up.
For setting up, you need to add the assets/ trading instruments to the dashboard of the platform. Then you can set different alerts as well.
You can customize the Pepperstone Virtual Trading Platform as you want.
Is Pepperstone Virtual Trading Platform Free?
Yes, the Pepperstone Virtual Trading Platform is completely free.
You just need to open it and then you can use it without paying a penny.
There are no hidden charges, no other charges. You can also have an unlimited supply of virtual cash.
What are the Fees of the Pepperstone Demo Account?
There are no fees that you need to pay for using the Pepperstone demo account.
This account is for learning purposes and thus there are no such fees for the dame.
Is AMC levied on Pepperstone Virtual Trading Platform?
No, Pepperstone doesn’t charge any annual maintenance cost for maintaining your demo account. This demo account is completely free.
There are no maintenance charges or any other charges such as account opening or brokerage.
Is Pepperstone Demo Account best?
If you look at the number of products it offers to the Demo account holders, the quality of its services, then you won’t think twice about opening the Demo account with Pepperstone.
It is undoubtedly one of the most sought-after Demo account providers for all the right reasons.
What Documents are required for a Pepperstone Demo Account?
The documents that you need to submit include –
- PAN card
- AADHAAR card
- Bank details
- Address proof – electricity bill or water or gas connection bills
Is PAN required for Opening a Pepperstone Account?
Yes, PAN is mandatory for opening a Pepperstone demo account as well.
This document is for all financial records and thus you need it for your KYC verification.
So, always make sure to upload the PAN card details when applying.
Does Pepperstone Charges Demo Account Opening Fee?
No, there is no opening fee that Pepperstone charges for opening a Demo account with them.
You can open a demo account and start learning the trading strategies, tools, assets, and everything within any fee.
How much Virtual Money do you get in a Pepperstone Demo Account?
Virtual money is the dummy cash that you need for trading stocks on the market. Pepperstone has no upper limit on this virtual cash and you can use as much as you need.
Open Demo Account Now! – Zero Commission on Trades
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