Pepperstone lets visitors create a Demo account they can use for 30 days and it includes $50.000 of virtual money that can be used to trade without risking own money. When one enters their personal info, the next screen asks for the trading account parameters, such as the account currency, leverage and the trading platform. This will then give you the login data for the platform and you will also receive the login data for the client area since the initial setup does not require creation of a password – it is automatically generated and delivered by email, so keep an eye on your inbox.
Initially when trying to login into cTrader, which was our platform of choice – not so much because its better than Metatrader4, just because its different, we could not. We tried using the cTrader web based solution. We contacted the customer support to sort it out, however meanwhile we figured out it’s the same inconsistency in the cTrader itself. In the bottom of the login window of the platform, there is a text links that says “skip this step and sign in withy your trader account”. This is what you need to click and then use your details. After that everything worked, even though we got initially 10,000 of virtual funds.
In order to move on to real trading account, further info about the trader must be entered in the system. This can also be done with the help of the dedicated account manager who will send an email to introduce him/herself after the demo account is created.
Pepperstone offers following account types:
Pepperstone EDGE Standard
- Minimum deposit A$200
- 0 commission
- spreads from 1 pips
- STP account – no dealer desk
- Negative balance protection with stop-out
- Up to 1:500 leverage
Pepperstone EDGE Razor
- Minimum deposit A$200
- A$3.5 commission
- spreads from 0-0.8 pips
- STP account – no dealer desk
- Negative balance protection with stop-out
- Up to 1:500 leverage
- Scalping, hedging, EAs allowed
Pepperstone EDGE Swap Free / Islamic
- No swaps with STP
- Minimum deposit USD 200
- Spreads from 1 – 1.2 pips
- Includes admin charges for 2days+ trades
- Scalping, hedging, EAs allowed
Note that cTrader commission is not in the account currency but it is 7 units of the first quoted currency in a trade that was placed. So if you place a trade for EURUSD you will pay 7 EUR commission.
You will notice Peppersone keeps accentuating the fact they use EDGE technology for customers – it is a technology that improves performance when it comes to accessing the interbank market that provides liquidity for their traders. This enables not only superfast execution with MetaTrader, but also low spreads and other advantages like one-click trading.
