According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $0
- cTrader
- MetaTrader4
- MetaTrader5
- TradingView
- ASIC
- FCA
- DFSA
- BaFin
- CMA
- SCB
- CySec
- 2010
Our Evaluation of Pepperstone
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Pepperstone is a reliable broker with the TU Overall Score of 7.17 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Pepperstone clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
Pepperstone is particularly suitable for novice market participants as well as more seasoned trading professionals. In general, the Pepperstone platform offers everything novice traders need for comfortable trading such as favorable conditions, reliability, a wide selection of trading options, along with an assortment of first rate educational materials.
Brief Look at Pepperstone
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia,
by professional traders who were not satisfied with the quality of services provided by most brokers. The founders
decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders,
etc. The founders therefore focused on improving the technical component. The company has set itself the goal of
changing the “rules of the game” and setting the bar high for online trading.
Today, Pepperstone offers clients all over the world some of the best technological solutions and favorable trading
conditions. The company also provides professional tools that help traders not only master the fine art of trading,
but also significantly increase trading efficiencies. In addition, Pepperstone’s platform is scrutinized by seven
regulatory authorities, including ASIC (Australian Securities and
Investments Commission, AFSL No.414530), FCA (UK Financial
Conduct Authority, 684312), DFSA
(F004356), BaFin (151148), CMA, SCB
(SIA-F217), and CySec (388/20). Moreover,
with Pepperstone, clients' assets are maintained in aggregated accounts with several major, global banking
institutions. These facts confirm the reliability of the company and guarantee the safety of the client's capital.
- Attractive trading conditions;
- Fast order execution - 30 ms on average;
- 1,200+ trading instruments;
- Low fees; and
- No inactivity fee.
- Support service works only 24/7;
- No cent account;
- Not available to US clients;
- Limited passive trading opportunities;
- Limited analytical materials available on the site. The only way to resolve this issue is to connect to trading signals;
- No news section; and
- Demo accounts can only trade for free for 60 days.
TU Expert Advice
Author, Financial Expert at Traders Union
Pepperstone offers a diverse range of trading instruments, including Forex, commodities, and cryptocurrencies, through MetaTrader 4, MetaTrader 5, and cTrader platforms. With Razor and Standard accounts, traders benefit from no minimum deposit, spreads starting from 0.0 pips, and fast order execution averaging 30 ms. The broker provides over 1,200 trading instruments and supports automated copy trading, making it appealing to both novice and experienced traders.
However, drawbacks include client support availability limited to weekdays, restricted passive trading opportunities, and non-availability for U.S. clients. Those seeking detailed analytical tools may find the offerings inadequate. Despite these points, Pepperstone’s tight spreads and robust platforms make it suitable for active traders and scalpers looking for efficient, technology-focused trading conditions.
We checked the office of the Pepperstone brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:
Arch. Makariou ΙΙΙ, 195, Neocleous House, 3030, Limassol, Cyprus
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The company is located at the stated address
-
We were able to speak to a company representative
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We were able to visit the office as clients
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Video of the company’s office
Pepperstone Trading Conditions
Your capital is at risk. Retail investor accounts lose money when trading CFDs with this provider: FCA - 75.9% clients; CySEC - 75.9% clients; BaFIN - 74.2% clients; SCB - 82% clients; CMA - 75-95%. Pepperstone Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
💻 Trading platform: | cTrader, TradingView, Propriatory, MetaTrader 4 and MetaTrader 5 |
---|---|
📊 Accounts: | Razor, Standard |
💰 Account currency: | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD |
💵 Deposit / Withdrawal: | Visa, Mastercard, bank accounts, PayPal, Neteller, Skrill, BPay, Union Pay, EMPESA |
🚀 Minimum deposit: | $0 |
⚖️ Leverage: | Up to $400:1 retail, 500:1 Pro |
💼 PAMM-accounts: | Yes |
📈️ Min Order: | 0.01 lot |
💱 EUR/USD spread: | 0,1 pips |
🔧 Instruments: | CFDs on Forex, Index, Stocks, Currency Indices, Commodities, ETFs, Crypto |
💹 Margin Call / Stop Out: | 90% / 20% |
🏛 Liquidity provider: | Barclays, HSBC |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | Instant (30 ms) |
⭐ Trading features: | Trading using advisors; Auto copying; Scalping; Hedging; Trading on the news are allowed. |
🎁 Contests and bonuses: | No |
Pepperstone is distinguished by favorable trading conditions. The minimum trade volume is 0.01 lots, and spreads start at 0.0 pips. Also, Pepperstone offers over 1,200 different trading instruments where trade orders are executed quite quickly - within 30 ms on average. The ability to auto copy trades is also provided.
Pepperstone Key Parameters Evaluation
Video Review of Pepperstone
Share your experience
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I mainly trade stocks, and everything here is super convenient
no


Very useful and convenient
So far I haven't encountered any downsides


Excellent and responsive customer support Very tight spreads, especially on the Razor account (e.g., ~0.1 pips on EUR/USD) Fast and reliable trade execution with no slippage Choice of professional trading platforms (MetaTrader 5 and cTrader) Strong overall trading conditions and technology
Limited information provided about the verification process at the beginning Requires users to choose between platforms — may need time to decide which suits them best


I also appreciate the variety of available instruments — from forex to indices and commodities — it gives you a lot of flexibility to diversify your strategy.
If I had to point out a minor downside, it would be that their customer support isn’t available 24/7 — though the team is quick and helpful during working hours.
Excellent technical conditions and a user-friendly app
No significant drawbacks found


Very beneficial
No such weakness


Great
None
Trading Account Opening
You can start trading via the Pepperstone platform by using your personal account. To do so, you will need to do the following:
You can enter your Pepperstone personal account from the main page of the company's website. Once you navigate to this main page, simply click "Personal Account" in the upper right corner of the screen.
You can then log in using your email address and password. Alternatively, you can use your Google, Facebook or Linkedin accounts for authorization.
If an account has not yet been opened, then you must click on the "Open an account" link appearing in the upper right corner of the site page. Linking to Google and Facebook will be available for individuals. The registration procedure is relatively straightforward : you must indicate the type of account, country, email address, and enter a password. In addition, you will need to confirm your password by re-entering it. Once these steps are completed, you will need to go through identity verification.
After the identity verification is completed, you can deposit your funds into your account. Then, you can start trading by choosing any trading terminal and financial instrument from those available.
In addition, in your personal Pepperstone.com account, you can:
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trade statistics;
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use statistics to assess the effectiveness and profitability of affiliate programs;
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take advantage of educational information;
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review the history of trading operations and the deposit and withdrawal of funds;
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use support services for professional advice;
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balance funds by way of replenishments;
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withdraw funds; and
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access the economic calendar.
Regulation and safety
Pepperstone has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 15 years
- Strict requirements and extensive documentation to open an account
Pepperstone Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
|
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
|
Federal Financial Supervisory Authority | Germany | Up to €20,000 | Tier-1 |
|
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
|
Australian Securities and Investments Commission | Australia | No specific fund but has stringent consumer protection | Tier-1 |
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Dubai Financial Services Authority | Dubai | No specific fund | Tier-2 |
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Securities Commission of The Bahamas | Bahamas | No specific fund | Tier-2 |
CMA (Kenya) | The Capital Markets Authority | Kenya | KES 50,000 | Tier-2 |
Pepperstone Security Factors
Foundation date | 2010 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Pepperstone have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Eightcap and XM Group, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Pepperstone with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Pepperstone’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Pepperstone Standard spreads
Pepperstone | Eightcap | XM Group | |
EUR/USD min, pips | 0,5 | 0,4 | 0,7 |
EUR/USD max, pips | 1,5 | 1,5 | 1,2 |
GPB/USD min, pips | 0,4 | 0,8 | 0,6 |
GPB/USD max, pips | 1,4 | 1,5 | 1,2 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Pepperstone RAW/ECN spreads
Pepperstone | Eightcap | XM Group | |
Commission ($ per lot) | 3 | 3,5 | 3,5 |
EUR/USD avg spread | 0,1 | 0,1 | 0,2 |
GBP/USD avg spread | 0,15 | 0,3 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Pepperstone. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Pepperstone Non-Trading Fees
Pepperstone | Eightcap | XM Group | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 0 | 0 | 0 |
Inactivity fee ($, per month) | 0 | 0 | 10 |
Account types
Pepperstone offers 2 types of accounts. Account replenishments are available in currencies such as AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD. Regardless of the selected account type, the minimum order size is 0.01 lot.
Account types:
In addition to real accounts, Pepperstone offers traders a demo version of a trading account. With such an account, there is no need to replenish the deposit on the demo account. This demo version provides active traders with an opportunity to master the software, learn the process of making trades, and test trading strategies.
Pepperstone provides traders with MT4 and MT5, TradingView terminals as well as cTrader. A trader can trade using the desktop version of the software. Mobile versions for Android and iOS are also available.
Deposit and withdrawal
Pepperstone received a High score for the efficiency and convenience of its deposit and withdrawal processes.
Pepperstone excels by providing a broad selection of payment methods, ensuring minimal costs and a seamless experience for users seeking efficient fund management.
- No deposit fee
- USDT (Tether) supported
- Low minimum withdrawal requirement
- Supports 5+ base account currencies
- Wise not supported
- BTC not available as a base account currency
- BTC payments not accepted
What are Pepperstone deposit and withdrawal options?
Pepperstone stands out with an excellent selection of deposit and withdrawal methods, a variety of base currencies, and zero broker fees, making it an excellent choice for traders seeking low costs and maximum flexibility. Available methods include Bank Card, Bank Wire, PayPal, Skrill, Neteller, USDT.
Pepperstone Deposit and Withdrawal Methods vs Competitors
Pepperstone | Eightcap | XM Group | |
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | Yes | Yes | No |
Wise | No | No | No |
BTC | No | Yes | Yes |
What are Pepperstone base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Pepperstone supports the following base account currencies:
What are Pepperstone's minimum deposit and withdrawal amounts?
The minimum deposit on Pepperstone is $0, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Pepperstone’s support team.
Markets and tradable assets
Pepperstone provides a standard range of trading assets in line with the market average. The platform includes 1200 assets in total and 90 Forex currency pairs.
- 1200 assets for trading
- Copy trading platform
- Indices trading
- Futures not available
- Bonds not available
Pepperstone Supported markets vs top competitors
We have compared the range of assets and markets supported by Pepperstone with its competitors, making it easier for you to find the perfect fit.
Pepperstone | Eightcap | XM Group | |
Currency pairs | 90 | 40 | 57 |
Total tradable assets | 1200 | 800 | 1400 |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | Yes | Yes | No |
Stock indices | Yes | Yes | Yes |
Options | No | No | No |
Investment options
We also explored the trading assets and products Pepperstone offers for beginner traders and investors who prefer not to engage in active trading.
Pepperstone | Eightcap | XM Group | |
Bonds | No | No | No |
ETFs | Yes | No | No |
Copy trading | Yes | No | Yes |
PAMM investing | Yes | No | No |
Managed accounts | No | No | No |
Trading platforms & tools
Pepperstone received a score of 10/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
- One-click trading
- Trade directly from TradingView
- Strategy (EA) Builder is available
- cTrader with advanced tools and Level II pricing
- May not support preferred trading workflows
Supported trading platforms
Pepperstone supports the following trading platforms: MT4, MT5, cTrader, TradingView, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared Pepperstone’s platform availability with that of top competitors to assess its relative market position.
Pepperstone | Eightcap | XM Group | |
MT4 | Yes | Yes | Yes |
MT5 | Yes | Yes | Yes |
cTrader | Yes | No | No |
TradingView | Yes | Yes | No |
Proprietary platform | Yes | No | No |
NinjaTrader | No | No | No |
WebTrader | Yes | Yes | Yes |
Key Pepperstone’s trading platform features
We also evaluated whether Pepperstone offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
2FA | Yes |
Alerts | Yes |
Trading bots (EAs) | Yes |
One-click trading | Yes |
Scalping | Yes |
Supported indicators | 30 |
Tradable assets | 1200 |
Additional trading tools
Pepperstone offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Pepperstone trading tools vs competitors
Pepperstone | Eightcap | XM Group | |
Trading Central | No | No | Yes |
API | Yes | Yes | Yes |
Free VPS | Yes | No | No |
Strategy (EA) builder | Yes | Yes | No |
Autochartist | Yes | No | No |
Mobile apps
Pepperstone supports mobile trading, offering dedicated apps for both iOS and Android. Pepperstone received 8/10 in this section, reflecting strong user engagement and well-developed functionality. High ratings, solid download numbers, and the presence of advanced mobile features contributed to the high score.
- Indicators supported
- Strong Android user ratings, currently at 4.0/5
- Supports mobile 2FA
- Fewer charting tools
We compared Pepperstone with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
Pepperstone | XM Group | RoboForex | |
Total downloads | 100,000 | 10,000,000 | 1,000,000 |
App Store score | 4.0 | 5.0 | 4.7 |
Google Play score | 4.0 | 4.8 | 4.7 |
Mob. 2FA | Yes | No | Yes |
Mob. Indicators | Yes | Yes | Yes |
Mob. Alerts | Yes | Yes | Yes |
Education
The Pepperstone.com website includes a tutorial section that contains the basic information necessary to understand the trading platform. Also, the trader can learn the basic terms and the fundamentals of market analysis. This will help you quickly get used to trading, as well as increase the efficiency and profitability of your trades.
For the practical application of the theoretical knowledge gained on the Pepperstone website, the company's specialists recommend opening a demo account. And after training on a demo account, you can start trading in the real market.
Customer support
The company's support service is ready to answer customer’s questions and help traders 24/7.
Advantages
- Many options for communication
- Multilingual support
- The site has a FAQs section with answers to the most popular questions
- You can ask a question without being a client of a broker
Disadvantages
- Responses to email inquiries within 24 hours.
There are several ways to contact support:
Directly by the phone numbers indicated on the website
By email
In the online chat on the broker's website
Support is available from the Pepperstone website and from your personal account
Contacts
Foundation date | 2010 |
---|---|
Registration address | 1300 033 375 Level 16, Tower One, 727 Collins Street Melbourne, VIC Australia 3008 |
Regulation | ASIC, FCA, DFSA, BaFin, CMA, SCB, CySec |
Official site | pepperstone.com |
Contacts |
+613 9020 0155
|
Comparison of Pepperstone with other Brokers
Pepperstone | Bybit | Eightcap | XM Group | Markets4you | Octa | |
Trading platform |
MT4, MobileTrading, WebTrader, cTrader, MT5, TradingView | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MobileTrading, MT5 | MetaTrader4, MetaTrader5, OctaTrader |
Min deposit | $1 | No | $100 | $5 | No | $25 |
Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:10 to 1:4000 |
From 1:40 to 1:1000 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0.1 points | From 0.6 points |
Level of margin call / stop out |
90% / 20% | No / 50% | 80% / 50% | 100% / 50% | 100% / 20% | 25% / 15% |
Order Execution | Instant Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | No | Yes | No |
Detailed Review of Pepperstone
The Pepperstone trading platform provides its clients with the popular MetaTrader 4 and 5, and TradingView platforms. Traders can also use a terminal called cTrader. The cTrader is used for trading robots, creating personal advisors, and technical indicators.
The company is regulated by the Australian Securities and Investments Commission and the UK Financial Conduct Authority. This fact confirms that Pepperstone is reliable. Therefore, a trader who cooperates (i.e., works) with this broker will find it beneficial and safe to do so.
Pepperstone is structured to support both novice and experienced traders
Traders who make a deposit immediately receive access to trading operations with a variety of assets, the number of which exceeds 1,200.
Pepperstone also allows traders to pursue various strategic trading models. Such trading models include: scalping, news, medium- and long-term, and intraday trading. Traders can also trade manually or autotrade using robots. Pepperstone’s platform also provides the ability to copy trades automatically. This allows traders to generate passive income. When auto copying, traders need to select an experienced trader and subscribe to this trader’s trading activities. The trading positions opened and closed by the selected experienced trader will be automatically carried out on the subscriber's trading account.
Trading with Pepperstone is lightning fast. For example, the order execution time is 30 ms on average. Traders can also trade from anywhere, because the Pepperstone terminals offer a mobile app that is adapted for devices based on iOS and Android.
Pepperstone offers limited analytical tools. Pepperstone does, however, offer an economic calendar which makes it possible to track news affecting the volatility of certain financial instruments. Pepperstone’s trading platform also enables traders to set indicators for technical analysis of certain market situations. Traders can also subscribe to trading signals.
Pepperstone provides the following useful services:
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Autochartist - This feature removes certain market noise. It displays currency pairs, as well as data intervals and indicators related to important market events.
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VPS hosting - This feature allows trading around the clock and without interruption, regardless of the quality of the internet connection.
Advantages:
controlled by seven regulators;
attractive trading conditions;
more than 1,200 trading instruments: trading in Forex and CFDs on stocks;
protection against negative balance (gap) - will not allow the trader to drain the deposit;
you can trade with advisors; making it possible to use all the advantages of automatic trading systems;
hedging is allowed, reducing risks;
scalping is allowed;
social trading is available; and
trading on the news is allowed.
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