Review · Demo account

Pepperstone demo account: expiry, balance and platforms

Pepperstone’s UK demo runs on TradingView, cTrader, MT4, MT5 and Pepperstone’s own platform, and the virtual balance is unlimited, in a currency you choose (checked 20 Oct 2026). Expiry depends on the platform and on whether you hold a funded live account.

Written and checked by: Low Spread Brokers team
Updated: 20 Oct 2026

19 Oct 2026latest data check

Low Spread Brokers does not give personal investment advice.

At a glance

Pepperstone

8.6/10

Entities 8

Minimum deposit: £10
EUR/USD spread from: 0.0 pips (Razor, 19 Oct 2026)
Max retail leverage: 1:30 (retail, per Pepperstone support FAQ) (FCA)
Platforms: MT4, MT5, cTrader, TradingView, proprietary
Founded: 2010

5 of 8 licences checked on the register, 20 Oct 2026

Visit brokerUnpaid link

73.6% of retail investor accounts lose money when trading CFDs with this provider (Pepperstone Limited (UK)).

Full Pepperstone review

Quick answer

Does Pepperstone have a demo account?

Yes. Pepperstone’s UK site offers a demo on TradingView, cTrader, MT4, MT5 and Pepperstone’s own platform. Sign-up, as Pepperstone describes it: email and password, then name, date of birth and mobile number; the demo is created from the dashboard’s demo tab (up to 5 demos without a live account, 10 with one) (checked 20 Oct 2026). Open the demo on the account you would fund: Razor from 0.0 pips plus GBP 2.25 per lot per side, or Standard from 1.0 pips with no commission.

Demo expiry: the Trader and TradingView demos expire after 90 days of inactivity, the Pepperstone, MT4 and MT5 demos after 60 days (logging in or trading counts as activity); a demo can be made non-expiring with an approved, funded live account.
Global site (pepperstone.com/en/trading/demo-account/) differs: Pepperstone/MT4/MT5 demos expire 60 days after creation, not after 60 days of inactivity.
A demo does not simulate live risk: 73.6% of retail CFD accounts lose money at Pepperstone Limited (UK), 80% at Pepperstone Markets Limited (Bahamas) (checked 19 Oct 2026).

Which Pepperstone company runs the live account

A demo has no regulator behind it; the live account does. Licence numbers are as Pepperstone publishes them; check each on the regulator’s register.

Which Pepperstone company runs the live account
Entity	Regulator	Licence	Max. retail leverage	Negative balance protection	Compensation
Pepperstone Limited	Tier 1 FCA	684312Checked on the register, 20 Oct 2026	1:30 (retail, per Pepperstone support FAQ)	Yes	FSCS up to £85,000 (eligible clients)
Pepperstone EU Limited	Tier 1 CySEC	388/20Checked on the register, 20 Oct 2026	Not published	Not published	Not published
Pepperstone GmbH	Tier 1 BaFin	151148Checked on the register, 20 Oct 2026	Not published	Not published	Not published
Pepperstone Group Limited	Tier 1 ASIC	AFSL 414530Checked on the register, 20 Oct 2026	Not published	Not published	Not published
Pepperstone Financial Services (DIFC) Ltd	Tier 1 DFSA	F004356Checked on the register, 20 Oct 2026	Not published	Not published	Not published
Pepperstone Financial Services LLC	Tier 2 CMA (UAE)	20200000358As published by the broker	Not published	Not published	Not published
Pepperstone Markets Kenya Limited	Tier 2 CMA Kenya	128As published by the broker	Not published	Not published	Not published
Pepperstone Markets Limited	Offshore SCB	SIA-F217As published by the broker	Not published	Not published	Not published

Which entity will I get?

Pick your region to see the entity that would open your account.

Pepperstone Limited · FCA · 684312 · Max retail leverage 1:30 (retail, per Pepperstone support FAQ)

Pepperstone EU Limited · CySEC · 388/20 · Max retail leverage Not published

Pepperstone Group Limited · ASIC · AFSL 414530 · Max retail leverage Not published

Pepperstone Financial Services (DIFC) Ltd · DFSA · F004356 · Max retail leverage Not published

Pepperstone Markets Limited · SCB · SIA-F217 · Max retail leverage Not published

Check the register yourself

Open the regulator’s register, search the licence number and compare the firm name and website address with pepperstone.com. Clone firms copy real names and numbers.

Client money

Tier 1 regulators require client money to be held apart from the firm’s own money; an offshore company may not have that rule.

MT4 demos with published terms

Brokers that offer MT4, have a Tier 1 company and publish their demo balance and platforms, in the order of our platforms score: FxPro (up to 100,000 in virtual funds in 8 base currencies); IG (£10,000 in virtual funds, pre-set by IG); Vantage ($1,000 to $100,000, chosen by you, in USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD or JPY). Vantage: Third-party reports, not verified with the regulators: Securities Commission Malaysia investor alert (2021) and a VFSC notice of intention to revoke the licence of Vantage Global Limited (24 Oct 2022). Check the VFSC and SC Malaysia sites before relying on the offshore entity.

1
FxPro
7.6/10
Minimum deposit
Not published
EUR/USD spread from
0.0 pips
Regulated by
FCA, CySEC, FSCA, SCB
Visit brokerUnpaid link
75% of retail investor accounts lose money when trading CFDs with this provider (FxPro Financial Services Ltd).
2
IG
8.0/10
Minimum deposit
£1
EUR/USD spread from
0.6 pips
Regulated by
FCA, FCA, FCA, BaFin, ASIC, FMA, FINMA, MAS, DFSA, JFSA, FSCA, BMA, CFTC/NFA
Visit brokerUnpaid link
70% of retail investor accounts lose money when trading CFDs with this provider (IG Markets Ltd / IG Index Ltd (UK)).
Read review
3
Vantage
8.0/10
Minimum deposit
$50
EUR/USD spread from
0.0 pips
Regulated by
FCA, ASIC, FSCA, CIMA, VFSC, FSC Mauritius
Visit brokerUnpaid link
72.65% of retail investor accounts lose money when trading CFDs with this provider (Vantage Global Prime LLP).
Read review

Pepperstone demo account: our verdict

8.6/10

Pepperstone publishes all four demo terms we look for: platforms, expiry, balance and sign-up steps. The catch is expiry: the Trader and TradingView demos expire after 90 days of inactivity, the Pepperstone, MT4 and MT5 demos after 60 days (logging in or trading counts as activity); a demo can be made non-expiring with an approved, funded live account. The live account it mirrors has a Razor EUR/USD average of 0.1 pips plus commission and an FCA company for UK residents. This verdict compares published terms; we have not used the demo ourselves.

Choose it if

you want to practise on cTrader, MT5 or TradingView before trading the same platform live: the demo covers TradingView, cTrader, MT4, MT5 and Pepperstone’s own platform
you plan to compare Razor (raw spread plus commission) with Standard before funding

Look elsewhere if

you want a demo that does not expire: Pepperstone’s UK terms say the Trader and TradingView demos expire after 90 days of inactivity, the Pepperstone, MT4 and MT5 demos after 60 days (logging in or trading counts as activity); a demo can be made non-expiring with an approved, funded live account
you live in the US: Pepperstone does not accept US residents

Visit brokerUnpaid link

73.6% of retail investor accounts lose money when trading CFDs with this provider (Pepperstone Limited (UK)).

What changed

19 Oct 2026 Entities, costs and loss rates re-collected from Pepperstone’s own pages.

Risk warning:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Low Spread Brokers does not give personal investment advice.

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FAQ

Pepperstone demo account: questions

Short answers from Pepperstone’s published terms, collected up to 19 Oct 2026. Terms change: check Pepperstone’s own page before you trade.

Ask a question

We cannot give personal investment advice.

1Does Pepperstone offer a demo account?

Yes, on TradingView, cTrader, MT4, MT5 and Pepperstone’s own platform. Sign-up, as Pepperstone describes it: email and password, then name, date of birth and mobile number; the demo is created from the dashboard’s demo tab (up to 5 demos without a live account, 10 with one) (checked 20 Oct 2026).