Pepperstone Broker Review 2023

Pepperstone is a globally trusted online broker offering forex trading, spread betting, and CFDs across several markets including forex, indices, commodities, shares, and cryptocurrencies.

The broker provides clients with an easy registration process along with a bunch of great trading tools and features such as; access to industry-leading advanced trading platforms; low latency and fast order execution and an awarding-winning 24/5 client support team.

At A Glance

FoundationFounded in 2010
RegulationsASIC (Australia), FCA (United Kingdom), DFSA (Dubai)
Publicly ListedNo
Product OfferingCFDs and Spread betting
Available InstrumentsForex, Indices, Commodities, Shares, and Cryptocurrencies.
Trading PlatformsMT4, MT5 and cTrader; computer platforms, web-based platforms, and mobile apps.
Broker TypeSTP
Minimum deposit$0
Maximum Leverage1:1 – 1:500
1:1 – 1:30 (EU Traders)
Minimum trade size0.01
Maximum trade size100
US ClientsNo
Account CurrenciesAUS, USD, SGD, HKD, JPY, NZD, EUR, CHF and GBP
Deposit & Withdrawal MethodsCard Payments– Credit / Debit Card, Visa, MasterCard
Bank Payments – Bank Transfer and local funding methods in
certain regions (e.g Malaysia, Brazil),
European local bank transfer
Electronic Payments – Neteller, Skrill, PayPal and Poli.
News tradingAvailable
LanguagesEnglish, Chinese, Arabic, French, German, Italian, Polish, Portuguese, Russian, Spanish, Thai and Vietnamese, Serbian, Czech, Slovak

Pros and 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 the US.
  • The demo account only lasts 30 days.
  • Although Pepperstone offers a wide range of markets, Pepperstone does not offer as many assets as compared to other industry-standard brokers.

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 ensure consistent compliance with the set standards.

The regulatory bodies under which Pepperstone is regulated include;

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

Asset Class

Pepperstone offers Spread betting and CFDs across a range of asset classes, which is great for clients who want to diversify into other markets from a single trading account. Assets offered on the platform include;

  • Forex Pairs (including majors, minor and exotics currency pairs)
  • Commodity CFDs
  • Index CFDs
  • Stock CFDs
  • Cryptocurrency CFDs

Pepperstone asset class Details

Asset ClassesAssetsMaximum Leverage
Forex 60+ currency pairsRetail – 1:30
Professional – 1:500
Commodity CFDs16Retail – 1:20
Professional – 1:500
Index CFDs14Retail – 1:20
Professional – 1:200
Stock CFDs2531:20
Precious Metals CFDsRetail – 1:20
Professional – 1:100
Oil CFDsRetail – 1:10
Professional – 1:200
Cryptocurreny CFDs5 cryptocurrency CFDs
Retail – 1:2
Professional – 1:20
Bond CFDs
Currency Index CFDsRetail – 1:10
Professional – 1:100

Account Types

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

  • Standard Account – Best for beginners
  • 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.

Standard Account Features

  • 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 Features

  • 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

Spreads and Fees

Pepperstone offers variable spreads on its 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.

Deposit and Withdrawal Options

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.

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.

Account Funding and Withdrawal Methods offered by Pepperstone include;

  • Card Payments– Credit / Debit Card, Visa, MasterCard
  • Bank Payments – Bank Transfer and local funding methods in
  • certain regions (e.g Malaysia, Brazil),
  • European local bank transfer
  • Electronic Payments – Neteller, Skrill, PayPal, and Poli.

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.

Pepperstone Trading Platforms Details

Trading PlatformPepperstone
PC Platform:Yes
Mobile Platform:Yes
Web Platform:Yes
Social Trading:Yes
MetaTrader 4:Yes
MetaTrader 5:Yes

Customer Support

Pepperstone offers an awesome customer support service that 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 feedback 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 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 include combining lightning-fast execution speeds, raw spreads, and low commissions with a genuine commitment to helping you achieve your trading goals.