Pepperstone Review

Established in 2010, Pepperstone is an award-winning global broker offering forex, spread betting and CFD trading across several markets (including indices, commodities, shares and cryptocurrencies), with liquidity from top tier liquidity providers.

Key Features;

  • Regulation from top tier regulatory bodies globally.
  • Easy account registration process.
  • Access to industry-leading advanced trading platforms including MT4, MT5 and cTrader platforms.
  • Low latency and fast order execution.
  • Awarding-winning 24/5 client support team
Broker Rating – 4/5

Broker Details

FoundationFounded in 2010
RegulationsASIC (Australia), FCA (United Kingdom), DFSA (Dubai)
Publicly ListedNo
Trading PlatformsMT4, MT5 and cTrader; computer platforms, web-based platforms, mobile app
Broker TypeSTP
Minimum deposit$0
Maximum LeverageAU: Maximum 1:500
UK: Maximum 1:30 for retail traders
Professionals & International Traders: Maximum 1:500
Minimum trade size0.01
Maximum trade size100
Mini AccountNo specific mini account as micro-lots of 0.01 can be traded on all account types
US ClientsNo
Base currencies availableAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD
Account CurrenciesAUS, USD, SGD, HKD, JPY, NZD, EUR, CHF and GBP
Payment/ Withdrawal MethodsVisa, MasterCard, Neteller, Skrill, PayPal, Poli, Bank Transfer and
local funding methods in certain regions (e.g Malaysia, Brazil), European local bank transfer
ExecutionNo Dealing Desk
News tradingAvailable
InstrumentsCFDs and Spread betting
LanguagesEnglish, Chinese, Arabic, French, German, Italian, Polish, Portuguese, Russian, Spanish, Thai and Vietnamese, Serbian, Czech, Slovak

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 ensures consistent compliance with the set standards.

The regulatory bodies under which Pepperstone is regulated by includes;

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

Account Types

Using Pepperstone, clients have the options of choosing from two account types which are designed to suit different trading needs. The account types available on Pepperstone;

  • Standard Account and
  • Razor account

Standard Account

  • Best for beginners traders
  • No commissions are charged
  • Fees are calculated in the spread which is the combination of raw spread + 1 pip increase (e.g. 0 pip spread plus 1 pip = 1 pip)
  • Institutional grade spreads offered

Razor Account

  • Best suited for traders with distinct trading styles (like scalping, algorithmic trading etc.) due to the lower cost setup seen in the Razor account.
  • Ultra-low spreads are offered
  • Commission fee of $3.50 per 100k Round in USD
  • Fees are calculated by adding raw spreads and commissions e.g. 0 pip spread plus $7 commission = total cost
  • Institutional grade spreads offered

Markets Offered

Just like many other industry-standard brokers, Pepperstone offers a range of trading instruments, which is good for clients who want to diversify into other markets, all from one trading platform.

Markets available to trade on Pepperstone includes;

  • Forex – 60+ currency pairs including majors, minor and exotics pairs with leverage of up to 1:500
  • Indices – 14 major stock markets with no commission and leverage of up to 1:200.
  • Commodities, Precious Metals and Energy – 10+ commodities including precious metals like gold and silver; as well as coffee, cocoa, cotton, orange juice, sugar, oil, gas and more with leverage of up to 1:500
  • Shares CFDs – 60+ including popular companies such as Apple, Alphabet, Tesla and Alibaba with leverage of up to 1:20.
  • Cryptocurrencies – 5 cryptocurrency CFDs (Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin) with leverage up to 5:1

Spreads and Fees

Pepperstone offers variable spreads on their 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 which comes with ultra-low spreads starting as low as 0.0 pips on highly traded currency pairs like EUR/USD, GBP/USD etc.


Pepperstone offers leverage which goes as high as 1:500, although the maximum leverage offered in certain countries might differ due to the regulations in certain regions.

ASIC – Australian Securities and Investments Commission (Australia)

  • Forex and commodities – 500:1
  • Index CFDs – 1:200
  • Share CFDs – 1:20
  • Cryptocurrency CFDs – 1:5

FCA – Financial Conduct Authority (United Kingdom)

  • Major forex pairs and commodities – 1:30
  • Minor forex pairs – 1:20
  • Share CFDs – 1:5
  • Cryptocurrency CFDs – 1:2

Also, professionals & international traders have access to a leverage of up to 1:500.

Funding 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.

Payment and Withdrawal Methods offered by Pepperstone includes;

  • Visa
  • MasterCard
  • Neteller
  • Skrill
  • PayPal
  • Poli
  • Bank Transfer

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.

Trading Platforms

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.

PC Platform:Yes
Mobile Platform:Yes
Web Platform:Yes
Social Trading:Yes
MetaTrader4 (MT4):Yes
MetaTrader5 (MT5):Yes
Order TypesMarket, pending and stopΒ and trailing stop orders.

Education and Research

Pepperstone provides its clients. with quality educational materials like platform tutorials, technical analysis videos, trading strategies and other trading related materials. The materials provided come in form of written contents, videos tutorials and webinars with contents relatively important to all levels of traders.

Also, the broker combines in-house and third-party analysts to provide market research materials to traders. These include market analysis; expert commentary; high impact event coverage; videos and articles.

Customer Support

Pepperstone offers an awesome customer support service which stands to be one of the best among other leading brokers in the industry and this undoubtedly plays a huge role in the success of the broker as a whole, based on the awards and client feedbacks they have received over the years.

The customer support team is available 24/5 and can be reached via live chat, telephone and email.

Pepperstone Pros & Cons


  • Regulation from top tier regulatory bodies globally.
  • Easy account registration process.
  • Awarding-winning 24/5 client support team
  • Low latency and fast order execution.
  • Access to industry-leading advanced trading platforms including MT4, MT5 and cTrader platforms.
  • Consistently competitive spreads, including ultra-low spreads from 0.0 pips on the Razor account.
  • Active Trader Program to reward high volume trading with cash rebates which is paid daily.


  • Pepperstone does not accept traders in US traders.
  • Demo Account only lasts 30 days.
  • Although Pepperstone offers a wide range of market, Pepperstone does not offer as many assets as compared to other industry-standard brokers,


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 includes combining lightning-fast execution speeds, raw spreads and low commissions with a genuine commitment to helping you achieve your trading goals.

Pepperstone FAQ

Is Pepperstone a good broker?

Pepperstone is a good broker and stands out as one of the top forex and CFD brokers in the industry. They are also considered safe and trustworthy as they are licensed and regulated by top tier regulatory bodies globally, with regulations from ASIC (Australia), FCA (United Kingdom) and DFSA (Dubai).

The required initial deposit on Pepperstone is 0$. This means clients do not have a minimum to which they can deposit, although the broker recommends a minimum deposit of $200.

Withdrawal processing time on Pepperstone takes an average of 12 to 24 hours, depending on the the payment option.

No, Pepperstone does not accept US traders.

To Open a live trading account on Pepperstone,

  • Visit the broker’s homepage,
  • Click open account.
  • Fill in the required details which take 3-5 minutes to complete and your account is opened.

Yes, Pepperstone allows scalping and this is available across all account types offered.

Yes, Pepperstone allows hedging and this is available across all account types offered.

To change the leverage on your Pepperstone account;

  • Go to your account section (if you’re already registered)
  • In your secure client area, click on the pen icon above the relevant account and select Change Leverage.

Note: Changing an account’s leverage will affect any open positions on your trading account.