Pepperstone Demo Account (2026)
Rated 4.6/5 overall
- Free demo account
- Yes
- Practice platforms
- Web, Mobile, TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader
- Min. deposit to go live
- $0
- Swap-free account available
- Yes
48 of 49 brokers offer demos
A demo is table stakes - what differs is platform quality and how closely practice conditions match live pricing.
Education score 3.9/5 - #27 of 49
Pepperstone's learning resources rank #27 among the 49 brokers we score for education - useful while you practise.
Pepperstone account types, including the demo
Pepperstone provides two primary forex trading account options: Standard and Razor. Additionally, it offers a professional account and a Swap-free account, both accessible to qualified traders. These accounts are supported across all four platforms.
Account Types:
| Account | Min Deposit | Spread From | Commission | Best For |
|---|---|---|---|---|
| Standard | None | 1.0 pips | None | Beginners, spread-only preference |
| Razor | None | 0.0 pips | $6-$7 per round turn | Active and high-volume traders |
| Swap-Free | None | Standard | None | Islamic Traders |
| Professional | None | 0.0 pips | $6-$7 per round turn | Qualified professional traders |
- Standard Account: A no-commission account that only charges spreads, beginning at 1.0 pips on EUR/USD. Suitable for beginners and traders who prefer simple, predictable costs without any commissions.
- Razor Account: A raw spread account that charges $6 per round turn for cTrader and TradingView, and $7 per round turn for MT4 and MT5, with spreads beginning at 0.0 pips. Ideal for active, high-volume traders aiming for the lowest overall costs.
- Swap-Free Account: An Islamic account for traders who need swap-free trading compliant with Sharia law. Offered on Standard and Razor pricing.
- Professional Account: Accessible for traders who satisfy the eligibility criteria. It provides higher leverage than retail accounts but does not offer guaranteed negative balance protection.
Bottom Line
The Razor account suits most active forex traders well. Its raw spread model offers the lowest overall cost at typical trading volume levels. Meanwhile, the Standard account is a good starting point for beginners who value ease of use over cost savings.
More on Pepperstone
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