PEPPERSTONE review summary

Pepperstone is a well established forex and CFD broker that has been providing trading services to clients since 2010. The company is headquartered in Australia and is regulated by the Australian Securities and Investment Commission(ASIC), as well as other top-tier regulators around the world. 

One of the key strengths of Pepperstone is its commitment to providing clients with a wide range of trading platforms and tools to suit their individual needs. The broker offers MetaTrader 4(MT4), MetaTrader 5(MT5), cTrader and TradingView trading platforms, each of which has its own unique features and benefits. 

MT4 is the most popular trading platform in the world and is particularly popular among forex traders. It offers a wide range of technical analysis tools as well as the ability to customize trading strategies and use automated trading systems. MT5 builds on this functionality with additional features such as 38 built-in indicators, compatibility with the Autochartist and Smart Trader Tools and the ability to hedge positions. 

Great for entry-level traders

Pepperstone also offers the TradingView platform which is a popular trading platform/social network used by traders around the world. With TradingView, you can access advanced charting tools, real-time market data, and social trading features.

The stand-out feature of TradingView is its a social network for traders that enables users to share their trading ideas, analysis and charts with the community. With over 8 million custom scripts and ideas shared on its platform TradingView provides an extensive library of content from traders all around the globe. Traders can also host live trading sessions, share static charts or videos and engage in discussions with other members of the community. Whether you are interested in cryptocurrencies, forex, stocks or other assets TradingView offers a user-friendly environment to analyze, explore and trade. Joining TradingView can offer you access to a vast network of traders who are willing to share their insights and trading strategies. 

cTrader is ideal for traders who want a more institutional trading experience. It offers advanced order types and execution methods. Pepperstone also provides a range of educational resources and trading tools to help clients improve their skills and make informed trading decisions. 

In terms of markets, Pepperstone offers a wide range of instruments across forex, indices, commodities, shares, ETFs and cryptocurrencies. The broker’s spreads are variable and start as low as 0.0 pips on some currency pairs during liquid trading conditions. Leverage varies depending on the jurisdiction and type of account, but can go as high as 1:500 for professional clients. 

Pepperstone offers mobile trading apps for all three of its trading platforms, allowing clients to trade on the go using their smartphones or tablets. The apps are available for both iOS and Android devices and provide a range of features including access to live market data, real-time charts and the ability to open and close positions. 

In terms of funding and withdrawals, Pepperstone offers a range of payment options, including credit/debit cards, bank transfers and e-wallets. The broker does not charge any internal fees for deposits or withdrawals although external fees may apply. 

Pepperstone is also known for its commitment to compliance and regulation. The broker is regulated by ASIC in Australia, the FCA in the UK, BaFin in Germany, the DFSA in Dubai, the CMA in Kenya the SCB on the Bahamas and CySEC in Cyprus. The company has won numerous awards for its innovative technology, customer service and overall performance making it one of the most reputable brokers in the industry. 

PEPPERSTONE pros and cons

Overall Pepperstone is a well-regulated broker with a wide range of trading platforms and markets making it a great option for traders looking for low cost trading, fast execution with access to educational resources. However limited promotions may be a downside for some traders.


  • Heavily regulated
  • Access to a broad range of trading platforms
  • No minimum deposit requirement
  • No Inactivity fee


  • Limited promotions

PEPPERSTONE main features and highlights




Melbourne, ‎Australia

Year founded


Num of instruments offered


Trading fees category


Deposit/Withdrawal options

Credit/debit card; bank wire; Electronic wallet

Deposit/Withdrawal fee


Min deposit


Inactivity fee


Max leverage offered


Trading platforms available

MT4; MT5; Trading View; cTrader

Islamic account


Customer support available in

6 languages

Support 24h availability




Number of clients


Mobile trading available



PEPPERSTONE fees snapshot


Fee level

Fee terms



Razor Acc - 7$ + spread per lot round-trip

S&P 500


0.4 pips - Average spread

Inactivity fee

Very Low


*  Only available for Professional traders



Pepperstone is known for its competitive pricing model and low fees, making it a popular choice among traders. The broker offers two types of trading accounts: the Razor Account and the Standard Account. 

If you opt for the Razor Account, you will pay a commission on each FX trade, which varies based on your chosen account currency and the lot size of your trade. The commission fees for the MT4/MT5 platform start at $3.50 per lot per side. For cTrader, the commission is a flat rate of $6 USD round-trip per lot. However, if you trade on the Standard Account, you will not be charged any commissions on your trades, but there is a min of 0.6 pip spread on major FX pairs and at least 1 pip spread on the rest of the FX pairs. 

Pepperstone’s commissions are among the most competitive among brokers offering commission-style accounts. In Razor Accounts commission charges are added as a trading fee, while in Standard Accounts no commissions are charged on trades. 

types of accounts

Pepperstone offers different types of trading accounts that cater to different types of traders. The two main account types are the Razor and Standard accounts.

The Pepperstone Razor account is designed for experienced traders who require tight spreads and low commission fees. This account type offers spreads as low as 0.0 pips and a commission fee of 3.5$ per side per lot for MT4 and MT5 platforms. For cTrader, the commission equates to 3$ per side per 100,000 units traded. This account type is suitable for scalpers, day traders and EA traders.

On the other hand, the Pepperstone Standard account is designed for novice traders who require a simple and straightforward trading environment. This account type does not charge any commission fees, and spreads start from as low as 0.0 pips. This account type is suitable for traders who are new to the forex market and are looking for a cost-effective trading solution.

In addition to the Razor and Standard accounts, Pepperstone offers three other account types: the Islamic account, the Active Traders account and the Professional account.

The Islamic account is designed for Muslim traders who require an account that is compliant with Sharia law. This account type does not charge any swap or rollover fees and there is no interest on overnight positions.

The Active Traders account is designed for traders who trade high volumes and require a customized trading environment. This account type offers personalized pricing and a dedicated account manager.

The Professional account is designed for professional traders who meet the eligibility requirements. This account type offers higher leverage levels of up to 1:500 and lower margin requirements.

Please note that the last two types of accounts are not available for entry-level traders. You need to show sufficient trading volumes and will require Pepperstone’s approval in order to acquire a Professional/Active Trader account.


What products can I trade with Pepperstone?

Pepperstone offers a variety of products for trading, including forex, indices, shares, commodities and currency indices. You can trade in the world's most liquid market with low commissions and competitive spreads on major, minor and exotic currency pairs. Also you can buy and sell shares of top companies from the US, UK, Germany and Australia and trade a range of commodities, including precious metals and energy

What are the funding and withdrawal methods accepted by Pepperstone?

Pepperstone offers various funding and withdrawal options including Visa, Mastercard and bank transfer. You can access all your funding and withdrawal stats from the secure client area. Please note that the withdrawal processing time may vary.

How do I open a live account with Pepperstone?

To open a live account with Pepperstone create your login and take our appropriateness test. This short questionnaire allows us to assess whether trading derivative products are appropriate for you. We'll also require two documents from you, a photo ID (passport, driver's license, or national ID card) and Proof of address (a bank statement or utility bill for water/electricity/internet with your full name and address. Bear in mind that it should be dated within the last six months). You can fund your account once your application is approved.

What are the advantages of trading with Pepperstone?

You can trade in the world's most liquid market with low commissions and competitive spreads on major, minor and exotic currency pairs. You can also diversify your trading strategies and take advantage of different opportunities across global equity markets with indices, trade a range of commodities including precious metals and energy. Pepperstone offers a variety of funding and withdrawal options with quick and easy access to your account information in a secure client area.

Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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