Pepperstone Australia - Is It a Good Broker in 2024?

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Founded in 2010, Pepperstone Group Limited is an Australian-based company that has rapidly grown into a large provider of forex and CFDs throughout the world.

With Pepperstone, you can trade a wide range of tradeable markets, access high-quality research, and benefit from social copy trading on multiple platforms.

So, is it a good broker for clients in Australia? Let’s find out.

Pepperstone Australia - General Information

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With top-tier FCA and ASIC licensing, Pepperstone is a reliable broker. The account opening process is fully digital, and the trading environment is among the best in Australia, with NDD accounts, powerful research tools, and an excellent trading environment.

  • 💰 Account currency:

    AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD


  • 🚀 Minimum deposit:

    US$200


  • ⚖️ Leverage:

    Up to US$400:1 retail, 500:1 Pro


  • 💱 Spread:

    from 0.0 pips


  • 🔧 Instruments:

    CFDs on Forex, Index, Stocks, Currency Indices, Commodities, ETFs


  • 💹 Margin Call / Stop Out:

    90% / 20%


Pepperstone Australia Pros and Cons

👍 Pros

Range of platform offerings

Regulated by FCA (U.K.)

Offers protection for U.K. client accounts

Multiple social copy trading platforms are available

Low FX spreads

👎 Cons

Does not accept U.S. clients

Limited account protection for non-U.K./E.U. clients

Pepperstone Australia Review

As a leading player in the online brokerage landscape, Pepperstone Group has built one of the most comprehensive trading portals dedicated to forex, commodities, indices, metals, shares, and even crypto.

Pepperstone operates a segregated account system, which is especially important in an industry prone to turmoil, adding an extra layer of security to the system. A comprehensive FAQ includes clearly stated policies on deposits, withdrawals, and trade disputes, along with 24/5 chat/phone support.

Pepperstone offers both beginner and professional traders a reliable trading platform with a selection of desktop, mobile, and web-based platforms, cutting-edge trading features, and a wide variety of account types.

Performance is paramount in Pepperstone's trading technology and software, and additional parameters are also considered. As Pepperstone offers 11 trading platforms including MT4 and its newer version MT5, TradingView, and cTrader, you gain a powerful solution that supports any trading style.

There are over 70 markets or instruments offered by the broker, including CFDs on 70+ currency pairs, Cryptocurrencies (including Bitcoin, Bitcoin Cash, Ethereum, Dash, and Litecoin), metals, and commodities, as well as major indices.

The availability of instruments may vary depending on the jurisdiction (e.g. Crypto CFDs aren’t available under the CMA).

There are two main types of accounts offered by Pepperstone. The Pepperstone Standard account does not charge commissions and the Pepperstone Razor account has tight spreads.

Standard Account

A great starting point for those new to forex trading

Commissions aren’t charged, but spreads are higher

Spreads starting at 0.6 pips

A popular choice with UK traders

Available only to MetaTrader 4 and 5pepperstone razor account holders

Razor Account

A popular choice for advanced traders and scalpers

Low spreads of 0.00 pips + volume-based commissions

Trading account most popular outside the UK

Platforms such as MetaTrader 4 and 5, cTrader, and TradingView are available

Is Pepperstone Australia Regulated? Is This Сompany Safe?

Yes. In addition to being regulated by the Financial Conduct Authority in the UK (FCA #684312), Pepperstone is also regulated by the Australian Securities and Investments Commission (ASIC #147055703). As with many forex brokers, Pepperstone doesn't accept U.S. traders, but it does accept Australian clients.

Early in 2021, ASIC tightened its rules on CFD trading to better protect traders. In Australia, Pepperstone clients have a leverage limit of 30:1 for Forex trading, and they have negative balance protection, which means they can never lose more money than they have in their accounts. Promotions and bonuses are also prohibited by ASIC regulations.

Is Pepperstone legal in Australia? Is it safe?

Pepperstone Australia - Fees

There are multiple liquidity providers providing Pepperstone's pricing, so you get very competitive pricing, while spreads are considered to be among the lowest in the industry. Therefore, Pepperstone's overall fees are reasonable.

Spreads on Standard or Razor accounts for the EUR/USD currency pair, it starts at 0 pips. Overages most often occur between 0.17 and 0.77 pips. Similarly, cryptocurrency spreads are good, with Bitcoin spreads from $10, Ethereum spreads from $4, and Litecoin spreads from $3.

Pepperstone's Active Trader program requires a minimum of 100 lots (over a three-month period) for Professional clients in Australia. Tier One reduces the effective spread by providing a 5% discount on standard lots. Trades over 200 lots daily qualify for Tier Three, which reduces spreads by 15%.

Summary. Is Pepperstone Australia a Good Broker?

In addition to its FCA and ASIC regulation, Pepperstone offers high-speed trading execution and a beginner-friendly platform.

Pepperstone is known as a broker with the best trading conditions and the best technology because it offers all the three major third-party trading platforms, including MT4, MT5, and cTrader. So, if you’re an Australian trader who’s looking for a low-cost, reliable NDD broker with a decent selection of trading tools and a good education section, you should consider Pepperstone as youe CFD broker.

FAQ

Is Pepperstone safe?

Pepperstone is a safe broker for Australians to trade with because of its long history of responsible behavior and local and international regulation. The company is regulated by two tier-1 regulators, two tier-2 regulators, and one tier-3 regulator. Among Pepperstone's top regulators, there are the Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is Pepperstone regulated in Australia?

Yes. Pepperstone is licensed and regulated by the Australian Securities and Investments Commission (ASIC) in Australia.

What is Pepperstone minimum deposit?

Pepperstone doesn’t require a minimum deposit, so it’s an ideal broker for trading or investing with a smaller amount. As you gain more experience managing your investments, you can add more funds to your account.

Can I trade crypto with Pepperstone?

There are many popular cryptocurrencies in the decentralised digital currency ecosystem that can be traded as crypto CFDs at Pepperstone, including Bitcoin, Ethereum, Dogecoin, and Solana.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.

Mikhail’s motto: Learn something new and share your experience – never stop!

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!