Pepperstone is a wholly-owned subsidiary of Pepperstone Group Limited, an Australian-based company established in 2010, which has quickly grown into one of the large forex and CFD worldwide providers.
Pepperstone Limited was launched in the UK in 2016 while expanded its services to cover the needs of UK and European clients through local access. Overall, the group serves offices in major financial destinations Melbourne, Dallas, Bangkok and London.
Multiply regulated broker with a strong establishment
Only Forex and CFDs
No 24/7 support
Wide range of trading platforms
Demo Account valid for 30 days
Global expand including Australia, Asia, MENA, Africa regions and Europe
Competitive trading conditions
10 Points Summary
ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
MT4, MT5, cTrader
CFD's on equties, indices, shares, commodities, energy, metal and cryptocurrency
💰 EUR/USD Spread
🎮 Demo Account
💳 Minimum deposit
💰 Base currencies
AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF and GBP
Provided, research tools included
☎ Customer Support
What type of broker is Pepperstone?
Pepperstone was originally founded as a specialist forex broker providing access to interbank execution and low spread pricing. However, further on Pepperstone established assistance service for both retail and institutional traders through low-cost pricing by the multiple direct destinations of liquidity, without a deal desk and became execution-only broker.
The Pepperstone quotes coming from as many as 22 Major Banks and Electronic Crossing Networks, therefore traders can place orders assured of the best possible market price.
Indeed, Pepperstone strives to propose the best options to traders community was recognized by numerous awards, which the broker received regularly along to the great reviews from traders themselves.
Exporter of the Year | Digital Technologies | Governor of Victoria Export Awards 2017
#1 Overall Client Satisfaction | #1 Value for Money | #1 Execution Speed | #1 Spreads | #1 Platform Reliability | #1 Platform Ease of Use | #1 Commissions | Investment Trends
Multiply regulated broker with a strong establishment
Regulated by ASIC and FCA
Global expands including ASIA, MENA, Africa regions with DFSA regulation
Negative Balance protection
Is Pepperstone legit?
Yes, Pepperstone is legit and regulated broker. In addition, Pepperstone holds relevant authorization at every region it operates. Therefore, clients’ residents of the UK and EEA are processed by Pepperstone Limited that is a registered UK company and regulated by the Financial Conduct Authority.
In addition, Pepperstone recently as of November’20 acquire CySEC license as well, so that the EU clients are fully covered under its legislation. It also, add on BaFIN license at the end of the month securing German markets likewise. Read more on the News tag.
MENA region and clients from Dubai are also authorized to legit and regulated Forex trading opportunity since the broker is authorized by the DFSA. In addition, with continuous expand Pepperstone established an entity in Kenya while regulated by CMA so the African region is covered as well.
The above regulators strictly oblige the broker to follow the required performance, hence Pepperstone has no doubts about their reliability. Both, ASIC and FCA demand financial services firms follow strict capital requirements, fully segregate traders’ accounts from the company funds, comply to internal risk management, training, accounting, audits and many more.
In addition, the company provides Negative Balance protection and an automated Risk Management System to secure clients’ safe trade.
Being an Australian broker, Pepperstone still offers a quite high leverage level up to 1:500 on Forex, which you can benefit from. Yet, make sure to learn deeply about leverage and how to use it smartly, as an increase of your trading size may play a significant role in your either potential income or looses as well.
AU max leverage 1:500
UK max leverage 1:30
However, in regards to the traders from Europe or those which account are registered with Pepperstone UK, as the European ESMA regulation recently lowered the maximum allowed leverage with a security purpose the maximum leverage level is 1:30 on Forex instruments.
Firstly let’s check on the Pepperstone diverse of accounts that include different types designed to meet particular traders’ expectations and needs.
Fast digital account opening
Account types and proposal may vary according to jurisdiction
Demo Account free use for 30 days
The proposal between Accounts based on spread only or based on commission
Low minimum deposit
While, all accounts offer the same quality performance, support and comprehensive platform’s features, the beginning traders or non-professionals can sign for a Standard Account, a classical type on no commission basis and institutional grade STP spreads from 1.0 pips available in the MT4 platform.
A choice for professional traders who prefer to pay commission instead of spread consistent in Razor Account – commission from 3.5$ and spread from 0.0 pip, while leverage is flexible along with advanced algorithms for execution speed.
Active traders with high volume or institutional traders may access Active Trader Program specialized specifications with spreads from 0.0 pips, advanced reporting and dedicated manager, as well as VPS hosting service, custom solutions like API, FX GUI and leading third party providers.
Moreover, traders following Sharia rules may sign for a SWAP Free Account with STP spreads with 0 commission.
Pepperstone spread as we mentioned before is provided by multiple liquidity providers, therefore you definitely get very competitive pricing, while spread considered to be among the industry lowest spreads.
Available options between spread only or commission charges
Low CFD fees
Low Forex fees
No additional costs
Our Find on Forex fees
See the typical spread reference in the table below, yet you may see a slight difference between spread on Standard or Razor accounts, where e.g. EUR/USD minimum spread starting from 0 pips and most often overages on 0.16-0.2 pips. Cryptocurrency costs are also good, where Bitcoin spreads are from $10, Ethereum $4 and Litecoin spread is $3.
For the most accurate data check the official Pepperstone website or platform also, check out and compare fees with another popular broker Plus500 or see comparison table below.
Comparison between Pepperstone fees and similar brokers
Crude Oil WTI
What is Pepperstone commission?
The commission fee is added on Pepperstone Razor Accounts only, since you will be trading with interbank spread quotes starting from 0 pips and commission charges are added as a trading fee. Pepperstone applies transparent conditions and a quite competitive offering of $3.5 per lot per 100,000 USD traded.
The markets or instrument offering includes 70+currency pairs, Cryptocurrencies (with access to trade Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin against the US Dollar, with leverage 5:1), metals, commodities as well a range of major indices across the multiple broker’s platforms.
Deposits and Withdrawals
Pepperstone’s enables clients to fund an account with ease throughout client area, as well to choose account currency that includes AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, CAD, SGD and HKD. Which is edefinitely great, in simple words means you can skip exchange fee and may benefit from trading in your local currency.
Fast digital deposits, including Neteller, and Credit Cards
200$ is a first deposit
Multiple Account Base Currencies
0$ deposits and free withdrawals
Withdrawal requests confirmed 12-24 hours
In terms of funding methods, Pepperstone offers numerous payment methods, yet check according to its regulation whether the method is available or not.
Local Bank Deposit,
Broker to Broker transfers between existing brokers.
What is the Minimum deposit for Pepperstone?
The minimum deposit amount is as low as 200$ for any account type of your choice.
What is more, Pepperstone does not charge any internal fees for deposits or withdrawals, however, international bank institutions may attract fees from either party which will be referred to the client.
Withdraw money step by step
Login to your account
Select on Withdraw Funds’ at the menu tab
Enter the withdrawn amount
Choose the withdrawal method
Complete the electronic request with necessary requirements
Confirm withdrawal information and Submit
Check the current status of withdrawal through your Dashboard
The Pepperstone’s trading technology and software mainstays the importance of performance and then an additional included parameters. With 11 Pepperstone trading platforms offering MT4 or its new version MT5 and cTrader on various versions so you truly gain a powerful trading solution with your own way of strategy or output since all trading styles are supported.
User friendly software
Available MT4 and MT5 platforms and cTrader
11 platforms suitable for Web, Mobile and Desktop trading
Mobile App for iOS and Android
Supporting numerous languages
Web Trading Platform
The popular choice of MetaTrader4 supports various devices from the web, desktop or mobile applications all at your choice. As well the platform offers a rich, user-friendly interface and hosts order management tools, indicators, expert advisors, DDE protocols and many more.
In addition, Pepperstone enhanced platform with Smart Trader Tools, a package with over 10 smart apps that makes trading more efficient.
The fans of cTrader Platform are welcomed also, as software believed to be one the most innovative and revolutionary trading platforms available through the Desktop version. As the platform based on an algorithmic logic it shows great performance and allows efficient position management in fast moving markets.
Where a combination of Pepperstone’s liquidity and robust infrastructure provides great productivity.
Besides, Pepperstone enhances trading options with social trading capabilities so you will be able to use industry popular ZuluTrade and its copy trading performance.
The platform is also available on Web version as well through the mobile application. Yet, a key cTrader’s component is cAlgo, which designed to be a powerful tool with robots and indicators developed on C# for intuitive functionality.
Pepperstone also is an active partner of Equinix that creates a state of art Forex trading infrastructure that directly exchange data with strategic partners and customers in close proximity.
Another point to admit is awarded support provided by the Pepperstone. Their commitment to the client’s satisfaction includes 24 hour live chat facility and support, full self-service Secure Client Area for account management, as well as real time news feeds with education resources and market commentary.
No 24/7 customer support
Availability of Live Chat
As for the education and traders resources, you would find an Education and Analysis center developed by Pepperstone, where trading videos, Webinars and numerous research tools available for all. What is also great there are trading ideas and social trading capabilities, also analysis and fundamental data powered by leading providers like Trading Central.
Together with advanced trading platform capabilities there are additional research included too like Autochartist, and regularly updated from the broker’s in-house analyst.
Advanced education with Webinars, Videos, Economic Calendars
Daily Market Commentary and Forex News
Numerus research tools
Autochartist, Trading Central
As we found out, whenever possible Pepperstone aim to create, develop, or introduce solutions that make trading easier, fairer and even more professional for every client. As a regulated broker, the broker delivers a reliable trading solution, while you can concentrate on trading assured the money handled safely.
What we liked the most is the prouder broker’s trade execution that starts from 50ms of latency, settled immediately, with no delays, rejects, or requotes, and of course fantastic, very competitive pricing model throughout powerful trading software.
Overall, Pepperstone works perfectly well towards maintaining its core values while offering the best possible service, low-latency execution, low-cost spreads, and exceptional customer support.
Lastly, will be great to know your personal opinion about Pepperstone and its trading conditions, which you may share in the comment area below.
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