Leverage: 1:30 | 1:500
Regulation: FCA, ASIC, DFSA, SCB
Min. Deposit: 200 US$
HQ: Australia
Platforms: MT4, MT5, cTrader
Found in: 2010
Pepperstone Licenses
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.
| Pros | Cons |
|---|---|
| Multiply regulated broker with a strong establishment | Only Forex and CFDs |
| Good reputation | 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 |
| š¢ Headquarters | Australia |
| šŗļø Regulation | ASIC, FCA, DFSA, SCB |
| š„ Platforms | MT4, MT5, cTrader |
| š Instruments | CFD's on equties, indices, shares, commodities, energy, metal and cryptocurrency |
| š° EUR/USD Spread | 0.2 pips |
| š® Demo Account | Available |
| š³ Minimum deposit | 200$ |
| š° Base currencies | AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF and GBP |
| š Education | Provided, research tools included |
| ā Customer Support | 24/5 |
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.
Pepperstone as established Australian broker complied its operation according to the respected regulation by the Australian Securities and Investments Commission (ASIC), as well as the holder of an Australian Financial Services Licence.
| Pros | Cons |
|---|---|
| Multiply regulated broker with a strong establishment | None |
| Regulated by ASIC and FCA | |
| Global expands including ASIA, MENA, Africa regions with DFSA regulation | |
| Negative Balance protection |
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.
MENA region and clients from Dubai are also authorized to legit and regulated Forex trading opportunity since the broker is authorized by the DFSA.
| Pepperstone entity | Regulation and License |
| Pepperstone Group Limited | ASIC (Australia) registration no. ACN 147 055 703,Ā AFSL 414530 |
| Pepperstone Limited | FCA (UK) registration no.Ā 684312 |
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 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.
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 letās check on the Pepperstone diverse of accounts that include different types designed to meetĀ particular tradersā expectations and needs.
| Pros | Cons |
|---|---|
| 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 platformās 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.
| Pros | Cons |
|---|---|
| Available options between spread only or commission charges | None |
| Low CFD fees | |
| Low Forex fees | |
| No additional costs |
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.
| Asset/ Pair | Pepperstone Fees | XM Fees | AvaTrade Fees |
|---|---|---|---|
| EUR USD | 0.2 pips | 1.6 pips | 1.3 pips |
| Crude Oil WTI | 8 pips | 5 pips | 3 pips |
| Gold | 1.4 | 35 | 40 |
| BTC USD | $10 | 60 | 0.75% |
| Inactivity fee | Yes | Yes | Yes |
| Deposit fee | No | No | No |
| Fee ranking | Low | High | Average |
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 $3.5 per lot per 100,000 USD traded.
The markets or instrument offering includes 70+currency pairs, Cryptocurrencies (with access to trade Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin against the US Dollar, with leverage 5:1), metals, commodities as well a range of major indices across the multiple brokerās platforms.
Pepperstoneās enables clients to fund an account with ease throughout client area, as well to choose account currency that includes AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, CAD, SGD and HKD. Which is edefinitely great, in simple words means you can skip exchange fee and may benefit from trading in your local currency.
| Pros | Cons |
|---|---|
| Fast digital deposits, including Neteller, and Credit Cards | None |
| 200$ 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.
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.
The Pepperstoneās 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.
| Pros | Cons |
|---|---|
| User friendly software | None |
| Available MT4 and MT5 platforms and cTrader | |
| 11 platforms suitable for Web, Mobile and Desktop trading | |
| Mobile App for iOS and Android | |
| Fee Report | |
| Supporting numerous languages |
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 Pepperstoneās 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.Ā Yet, a key cTraderās component is cAlgo, which designed to be a powerful tool with robots and indicators developed on C# for intuitive functionality.
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.
| Pros | Cons |
|---|---|
| Quick response | No 24/7 customer support |
| Relevant answers | |
| 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 brokerās in-house analyst.
| Pros | Cons |
|---|---|
| Advanced education with Webinars, Videos, Economic Calendars | None |
| 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 brokerās trade execution that starts from 50ms of latency, settled immediately, with no delays, rejects, or requotes, and of course fantastic, very competitive pricing modelĀ 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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I went to open open an account with them. I have submitted all the details as requested by them. It took 2 weeks for them to create an account. Afterwards i did a bank transfer to their account. 2 weeks and Pepperstone didn’t acknowledge the transfer instead they told me to follow up with my bank which a British bank. Another one week passed and they came to me and said the they won’t accept the transfer from certain countries. If that is the case
A. They should have written on their website.
B. Their customer reps shouldn’t have waited this long to inform me. Clearly they themselves are not aware of their own regulations and they wasted my time asking me to submit documents every time i reach them for the transfer deposit.
C. In the end , they simply said they won’t accept money from certain bank/countries.
I had to cancel the transfer and it costed me $100 fee for nothing.
If this the kind of support you get, you better off not trading with them because they don’t know what they are doing.
Please educate your support people so your client won’t loose money for nothing.
Hello,
How safe is my money incase I deposit?