# Pepperstone — MT4 United Kingdom research scope · Pepperstone Limited. Sources conflict. Reference page: /demo-accounts/pepperstone-mt4-uk.html Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance. ## Research checked 2026-10-12 ## Testing status Not tested ## Recorded virtual amount Requires Verification ## Recorded currency Requires Verification ## Virtual funds Not recorded ## Balance qualifications Starting balance not established. ## Expiry category conflict ## Expiry rule Sources disagree ## Expiry qualifications CONFLICT: 60 days inactive vs 60 days from creation. ## Evidence category Sources conflict ## Signup requirements Profile registration ## Notes and remaining checks B-PEP-02 nonexpiry: funded live account, request, activity each 90 days. Confirm expiry. ## Record ID pepperstone-mt4-uk ## Broker Pepperstone ## Legal entity Pepperstone Limited ## Research region codes - UK ## Research region code UK ## Research region United Kingdom ## Research scope United Kingdom ## Platform code mt4 ## Platform MT4 ## Documented terms Simulation; adjustments omitted ## Balance reset or adjustment Support top-up ## Live account or deposit No live account needed ## Devices Not stated ## Forex coverage Forex ## Eligibility and regional limits UK site excludes US/Belgium residents; full eligible-country list not stated. ## What the evidence establishes Official broker documentation; signup and trading not tested. ## Supporting sources - [Pepperstone UK demo accounts]() — source ID: pepperstone-1 - [Pepperstone UK account support]() — source ID: pepperstone-2 ## Official information source [Pepperstone UK demo accounts]() ## Entity and regulatory research ### Evidence status Verified ### Legal entity Pepperstone Limited ### Regulator Financial Conduct Authority (UK) ### Finding Authorised (Regulated), since 05/08/2015 (DD/MM/YYYY). Retail and professional rolling spot Forex; arranging, agent and principal dealing. Matched-principal limitation. ### Scope Verification covers this named UK entity and listed permissions, not all group companies or customer eligibility. Register limitations apply. ### Supporting sources - [FCA Register — Pepperstone Limited]() — source ID: pepperstone-reg-1 ## Official entry route ### Route type demo-page ### Notes and remaining checks Broker demo page; select your platform to continue. ### Evidence status Official entry route ### URL https://pepperstone.com/en-gb/trading/demo-account ### Route source https://pepperstone.com/en-gb/trading/demo-account ### Research checked 2026-10-13 ### Testing status Not tested ## Execution and demo realism ### Scope Pepperstone Limited · UK Forex CFDs; general demo statements apply to the five platforms listed on the UK page. ### Testing status Not tested ### Contractual role #### Finding Principal #### Evidence status Documented #### Notes and remaining checks UK terms clause 1.18 says Pepperstone enters each contract as principal rather than the client's agent. #### Supporting sources - [Pepperstone Limited UK terms — clause 1.18]() — source ID: execution-pepper-terms #### Research checked 2026-10-13 ### Execution arrangement #### Finding Internal and external execution #### Evidence status Broker-reported #### Notes and remaining checks The UK execution policy describes a central group risk book and hedging, mostly automated orders, and possible manual execution or partial fills. #### Supporting sources - [Pepperstone Limited execution policy — September 2026]() — source ID: execution-pepper-policy #### Research checked 2026-10-13 ### Demo realism #### Finding Adjustments omitted; margin checks simulated #### Evidence status Documented #### Notes and remaining checks The UK general demo page says interest/dividend adjustments and out-of-hours price movements are not charged; insufficient funds or volume can cause rejection and lack of margin can close trades. It warns execution may differ from live. #### Supporting sources - [Pepperstone UK demo account]() — source ID: ex-c-pepper-demo #### Research checked 2026-10-13 ### Research review #### Research checked 2026-10-13 #### Review outcome Role: Principal; Arrangement: Internal and external execution; Demo: Adjustments omitted; margin checks simulated. Official documentation review only; no account or order tests. #### Remaining checks - Check actual slippage and liquidity behavior separately on MT4, MT5, cTrader, TradingView and Pepperstone platform. - Do not interpret general demo disclosures as platform-specific test results. ## Demo markets ### Scope Pepperstone Limited · United Kingdom · MT4. Market coverage not yet reviewed. ### Testing status Not tested ### Forex CFDs #### Evidence status Requires Verification #### Notes and remaining checks Forex CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ### Cryptocurrency CFDs #### Evidence status Requires Verification #### Notes and remaining checks Cryptocurrency CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ## API access ### Evidence status Requires Verification ### Type Requires Verification ### Access route Not established for this offering ### Notes and remaining checks API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable. ### Requirements Confirm the account, platform and regional requirements with the broker. ### Supporting sources No supporting source recorded for this field. ### Official documentation No supporting source recorded for this field. ### Research checked Requires Verification ### Testing status Not tested ## Official sources ### Pepperstone UK demo account Source ID: ex-c-pepper-demo https://pepperstone.com/en-gb/trading/demo-account #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Other key things to know and footnote 1; all five listed demo platforms #### Source access note Official page/PDF opened and read; no account opened or trading tested. ### Pepperstone Limited execution policy — September 2026 Source ID: execution-pepper-policy https://eu-assets.contentstack.com/v3/assets/bltd74737b907a31bbb/blt0f01ac22d5f243da/UK_Legal_Order_Execution_Policy.pdf #### Source locator Sections 2 and 3.3 #### Research checked 2026-10-13 #### Source owner Broker #### Source access note Retained parent audit finding checked 2026-10-13; clause-specific official PDF evidence. ### Pepperstone Limited UK terms — clause 1.18 Source ID: execution-pepper-terms https://eu-assets.contentstack.com/v3/assets/bltd74737b907a31bbb/blt97edea05ec6fd1d8/UK_Legal_Terms_and_Conditions.pdf #### Source locator Clause 1.18; currently linked from UK legal page #### Research checked 2026-10-13 #### Source owner Broker #### Source access note Retained parent audit finding checked 2026-10-13; clause-specific official PDF evidence. ### Pepperstone UK demo accounts Source ID: pepperstone-1 https://pepperstone.com/en-gb/trading/demo-account #### claims Five demo platforms; registration, top-ups, expiration, limitations; UK entity and exclusions. #### checked date 2026-10-12 #### verification Official documentation; no account opened or functional test ### Pepperstone UK account support Source ID: pepperstone-2 https://pepperstone.com/en-gb/support/account-support #### claims Contradicts landing: MT4/5 expire 60 days after creation; funded-live nonexpiry needs 90-day activity; expired demos cannot reactivate. #### checked date 2026-10-12 #### verification Official documentation; no account opened or functional test ### FCA Register — Pepperstone Limited Source ID: pepperstone-reg-1 https://register.fca.org.uk/s/firm?id=001b000000nQHG2AAO #### Evidence category Live register showed Pepperstone Limited, FRN 684312, status Authorised. Retail and professional rolling spot Forex; arranging, agent and principal dealing. Matched-principal limitation. #### source date Live register viewed 2026-10-12 #### Source access note Direct browser UI; web-text fetch failed, full register loaded in browser.