What is the Pepperstone demo trading account?
The Pepperstone demo trading account, also called a practice account, is a free account that uses virtual funds rather than real money.
Most demo accounts are designed to funnel traders into depositing. Pepperstone's demo account is more valuable because it precisely replicates live trading conditions and shows real spreads. You can simulate both Standard and Razor configurations, making the demo account a useful preview of pricing before you choose an account type.
How to open a Pepperstone demo account for free
Opening the Pepperstone demo account takes a few minutes and requires no deposit, card details, or identity documents. The process has three steps:
- Sign up on the Pepperstone website using your name and email to create a client area login.
- Choose your platform (MT4, MT5, cTrader, TradingView, or Pepperstone's platform), pricing model (Standard or Razor), base currency, and virtual balance.
- Log in to your chosen platform with the demo credentials and start trading with virtual funds.
The one choice worth pausing on is the platform, because it determines how long the demo lasts. Pepperstone's MT4, MT5, and own-platform demos expire after 60 days, while cTrader and TradingView demos remain active indefinitely with occasional logins. You can create additional demos later from the same client area, so your first choice isn’t a commitment.
Pepperstone demo account rules by platform
Pepperstone’s demo accounts on the five platforms use two different clocks for expiration times. Knowing which clock your account uses will help you decide where to run your long-term testing. Because expired demo accounts cannot have their data recovered, export any trade history you want to keep promptly.
Pepperstone MT4 demo account
Pepperstone MT4 demo accounts expire 60 days after creation and cannot be reactivated. Traders with a funded live account can request a non-expiring demo that remains active as long as they use it at least once every 90 days. Without a funded account, day 60 is the hard cutoff, making MT4 less suitable for slow-burn forward testing of EAs.
Pepperstone MT5 demo account
The Pepperstone MT5 demo account expires after 60 days. Traders with a fully approved, funded live account can request a non-expiring conversion from support.
Pepperstone cTrader demo account
The Pepperstone cTrader demo account expires only after 90 days of inactivity, with activity defined as trading or logging in. Hence, an occasional login keeps it active indefinitely without requiring a live account.
You can top up virtual funds directly on the platform without needing support. In our assessment, this is where long-horizon strategy testing at Pepperstone belongs by default.
Pepperstone TradingView demo account
The Pepperstone TradingView demo account expires only after 90 days of inactivity, so trading or simply logging in every few months keeps it active indefinitely, with no live account required.
You can top up virtual funds at any time on the platform, just like on cTrader. If you already chart on TradingView, this demo never forces a platform switch or imposes a fixed deadline.
Pepperstone platform demo account
The demo on Pepperstone’s web platform and mobile app expires after 60 days. Traders with an approved, funded live account can request a non-expiring demo that remains active as long as they use it at least once every 90 days.
The Pepperstone platform is its simplest offering, making it ideal for beginners testing the broker rather than for experienced traders engaged in extensive strategy development.
Pepperstone demo account limits
You can hold up to 5 demo accounts, or 10 once you have a live account. You can top up cTrader and TradingView demos at any time inside the platform, while MT4, MT5, and Pepperstone platform demos require a support request. Swap-free demo accounts are not offered, and copy trading on cTrader is restricted in demo mode.
Moving to live without losing your work
Moving from demo to live has a low financial barrier. The minimum deposit is $10 for most methods, with no minimum for bank wire. Staying on the same platform preserves your charts, templates, and any automation built during practice.
Bottom Line
Pepperstone's demo is among the most genuinely useful in retail forex because it covers all five live platforms and uses realistic pricing. Its only real weakness is the 60-day expiry on MT4, MT5, and its own platform. The simple fix is to test long-term strategies on cTrader or TradingView, or to fund a live account and request a non-expiry demo.