Is Pepperstone’s Demo Account Any Good For MT4, MT5 In The UK?

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Pepperstone does have a demo account for MT4 and MT5 for UK and international traders to try before they open a live account. But, there are a few things to be aware of. I tested the Pepperstone MT4 demo account and compared it to the live account, as it doesn’t really give a good overview of the true scope of Pepperstone’s MetaQuotes offering.

Pepperstone Demo Account Review

Name: Pepperstone Demo

Description: Pepperstone's demo account gives you a balance of up to £50k to test MT4 for 60 days with access to 20 major forex pairs. 75.3% of retail investor accounts lose money when trading CFDs with this provider

Is Pepperstone's demo account any good?

Pepperstone’s demo account isn’t that great compared to their live trading platform. Yes, you can trial the standard, Razor or spread betting demo, you can also choose how much you want to trade with from £200 to £50,000. But, you only get access to a handful of forex pairs (no commodities, stocks or indices) and you can’t set your own leverage, something you can do with other MT4 demo accounts. It’s a real shame, because the live MT4/5 account from Pepperstone is excellent, it has won “best MT4 broker” in our awards many times, but the demo really lets them down. You also don’t get access to any of the indicators, or research that you do with the main account.

Pepperstone Demo Account


  • Tight pricing
  • Set your own virtual funds
  • MT4 web and app version


  • Limited market range
  • No indicators
  • Cannot set your own leverage
  • Pricing
  • Market Access
  • Online Platform
  • Customer Service
  • Research & Analysis
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