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’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’s demo account gives you a balance of up to £50k to test MT4 for 60 days with access to 20 major forex pairs.
Compare Pepperstone’s demo account to other brokers below:
| Demo Account | Virtual Balance | Demo Length | Demo Markets | Customer Reviews | More Info |
|---|---|---|---|---|---|
 | 10,000 | 84 Days | 13,500 | (Based on 124 reviews)
| See Platform 71% of retail investor accounts lose money |
 | 10,000 | 84 Days | 5,000 | (Based on 16 reviews)
| See Platform 76% of retail investor accounts lose money |
 | 200-50,000 | 60 Days | 20 | (Based on 86 reviews)
| See Platform 75.3% of retail investor accounts lose money |
 | 40,000 | No Limit | 2,000 | (Based on 144 reviews)
| See Platform* 80% of retail investor accounts lose money |
 | 1,000,000 | No Limit | 7,000 | (Based on 934 reviews)
| See Platform 60% of retail investor accounts lose money |
 | 10,000 | No Limit | 17,000 | (Based on 678 reviews)
| See Platform 71% of retail investor accounts lose money |
 | 10,000 | No Limit | 12,000 | (Based on 148 reviews)
| See Platform 70% of retail investor accounts lose money |
 | 100,000 | 20 Days | 1,000 | (Based on 73 reviews)
| See Platform 65% of retail investor accounts lose money |
 | 100,000 | No Limit | 2,976 | (Based on 277 reviews)
| See Platform 61% of retail investor accounts lose money |
 | 100,000 | 30 Days | 2,100 | (Based on 136 reviews)
| See Platform 75% of retail investor accounts lose money |
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