Pepperstone Review

Pepperstone is an Australian-based online trading broker that was established in 2010 by Pepperstone Group. It offers Forex, CFDs, and Spread betting across various global markets, including forex, indices, commodities, shares, and cryptocurrencies, with over 1200+ instruments.

In terms of performance, Pepperstone has received high marks from industry experts and traders alike. The broker is best known for its fast trade execution speeds and low trading costs, making it an attractive option for active traders, scalping, and algorithmic trading.

Pepperstone also provides traders with other cutting-edge trading solutions including industry-standard trading platforms and tools, fast and secure payment options, multiple account currencies, different account types to suit different types of traders, an active trader program to cut costs for active traders, and a reliable customer support service.

Suitable For Beginners, professionals, active traders, scalping, algorithmic trading, copy trading, and social trading.

Pepperstone Broker Features

RegulationsASIC (Australia), FCA (United Kingdom), DFSA (Dubai), SCB (Bahamas), CySEC (Europe), DFSA (Dubai), BaFin (Germany), CMA (Kenya), and FCA (United Kingdom).
Global OfficesLondon, Dubai, Kenya, Cyprus, and Germany.
Publicly ListedNo
ProductsCFDs and Spread betting
MarketsForex, Indices, Commodities, Shares, and Cryptocurrencies.
Trading PlatformsMT4, MT5, and cTrader.
Broker TypeNDD, STP
Account TypesStandard and Razor Account.
Minimum deposit$200
Maximum Leverage1:500
European Clients: 1:30
Minimum trade size0.01
Maximum trade size100
Account CurrenciesAUS, USD, SGD, HKD, JPY, NZD, EUR, CHF and GBP
Payment MethodsCredit and debit cards (Visa, MasterCard), wire bank transfers, local funding methods in certain regions (e.g Malaysia, Brazil), European local bank transfer, Neteller, Skrill, PayPal, and Poli.
LanguagesEnglish, Chinese, Arabic, French, German, Italian, Polish, Portuguese, Russian, Spanish, Thai and Vietnamese, Serbian, Czech, and Slovak.

Pros of Pepperstone

  • Strong regulatory framework.
  • Easy account registration process.
  • Multiple fast and secure payment methods.
  • Offers a wide range of trading instruments.
  • Low forex trading fee.
  • Offers access to multiple industry-standard trading platforms.
  • Provides adequate support for algorithmic trading.
  • Active Trader Program for high-volume traders, with cash rebates that are paid daily.
  • No inactivity fee is charged.
  • Provides excellent customer support with 24/5 availability via multiple channels, including live chat, phone, and email.

Cons of Pepperstone

  • Limited product offering.
  • The demo account duration is limited to only 30 days.
  • Restricted access for traders in certain countries, including the US, Canada, New Zealand, and Japan.

License and Regulation.

Pepperstone is licensed and regulated by top-tier regulatory bodies globally, making them a trustworthy broker to work with as these regulatory bodies establish standards for the qualification of financial institutions and also ensure consistent compliance with the set standards.

The regulatory bodies under which Pepperstone is regulated include;

  • ASIC – Australian Securities and Investments Commission (Australia)
  • FCA – Financial Conduct Authority (UK)
  • DFSA – Dubai Financial Services Authority (Dubai).

Asset Class

Pepperstone offers Spread betting and CFDs across a range of asset classes, which is great for clients who want to diversify into other markets from a single trading account. Assets offered on the platform include;

  • Forex Pairs (including majors, minor, and exotics currency pairs)
  • Commodity CFDs
  • Index CFDs
  • Stock CFDs
  • Cryptocurrency CFDs

Here is a breakdown of Pepperstone’s asset class offering and the number of tradeable assets offered.

Asset ClassAssets
Forex 60+ currency pairs
Precious Metals
Cryptocurrency5 cryptocurrency CFDs
Currency Index


Asset ClassLeverage
Forex Retail – 1:30
Professional – 1:500
CommodityRetail – 1:20
Professional – 1:500
IndexRetail – 1:20
Professional – 1:200
Precious MetalsRetail – 1:20
Professional – 1:100
OilRetail – 1:10
Professional – 1:200
CryptocurrencyRetail – 1:2
Professional – 1:20
Currency IndexRetail – 1:10
Professional – 1:100

Account Types

Using Pepperstone, clients have the option of choosing from two account types the Standard and Razor accounts.

Standard Account

The Standard account has a one-pip mark on the raw spread (from 0.0pips) with no commissions charged. The simplicity of this account type makes it a good fit for beginners and casual traders.

Here is a breakdown of Pepperstone’s Standard Account:

Account TypeStandard Account
Trading PlatformsMT4, MT5, cTrader, TradingView
Commission (per lot per side on FX)0 commission
Average Spread (EURUSD)1.1 pips
Instruments Offered1200+
Accounts Currencies AvailableAUS, USD, SGD, HKD, JPY, NZD, EUR, CHF and GBP
Available Leverage1:500
Europe – 1.30
Expert AdvisorsYes
Best ForBeginners and casual traders.

Razor Account

The Razor account, on the other hand, offers access to consistent raw spreads from 0.0 pips with a small commission charge applied. The lower cost setup traditionally seen in this account type makes it ideally suited for active traders, as well as traders with particular trading styles, like algorithmic trading and scalping.

Here is a breakdown of Pepperstone’s Razor Account:

Account TypeRazor Account
Trading PlatformsMT4, MT5, cTrader & TradingView
Commission (per lot per side on FX)From $3.50 per 100k Round in USD
Average spread (EURUSD)0.0 – 0.3 pips
Instruments Offered1200+
Accounts Currencies AvailableAUS, USD, SGD, HKD, JPY, NZD, EUR, CHF and GBP
Available Leverage1:500
Europe – 1.30
Expert AdvisorsYes
Best ForActive Traders, Professionals, Scalpers, and Algorithmic Trading.

Trading Costs and Fees

Pepperstone offers variable spreads on its trading platforms through straight-through processing (STP) of orders with prices coming from top-tier liquidity providers.

In comparison to other industry-standard brokers, Pepperstone stands out with one of the best spreads offered on the forex market. with their Razor account comes with ultra-low spreads starting as low as 0.0 pips on highly traded currency pairs like EUR/USD, GBP/USD, etc.

Payment Options – Deposits and Withdrawals

Pepperstone offers a variety of payment and withdrawal options, down to local funding methods in certain regions such as Brazil and Malaysia. This means clients have the ease of transacting using their preferred payment or withdrawal options.

Also, the withdrawal processing time is quite fast compared to other industry-standard brokers with the average withdrawal processing time ranging from 12 to 24 hours.

Account Funding and Withdrawal Methods offered by Pepperstone include;

  • Card Payments– Credit / Debit Card, Visa, MasterCard
  • Bank Payments – Bank Transfer and local funding methods in
  • certain regions (e.g Malaysia, Brazil),
  • European local bank transfer
  • Electronic Payments – Neteller, Skrill, PayPal, and Poli.

Trading Platforms and Tools

Pepperstone does not offer a proprietary trading platform but gives access to industry-leading advanced third-party trading platforms including MetaTrader4, MetaTrader5, and cTrader which are available on Web, mobile, and PC.

Pepperstone Trading Platforms Details

Pepperstone’s Trading Platform FeaturesSpecifications
Trading PlatformsMetaTrader4, Metatrader5, TradingView, and cTrader and Capitalise.a.i
Social TradingYes


Pepperstone stands out to be a really good broker to work it, considering the fact that they’ve been in the industry for over 10 years, and in that space have managed to build a great reputation, not just among traders but in the trading industry with the numerous number of awards they’ve won over the years.

Along with building a wonderful reputation in the trading industry, Pepperstone also offers a lot of other great features which include combining lightning-fast execution speeds, raw spreads, and low commissions with a genuine commitment to helping you achieve your trading goals.