Want to see if Pepperstone is a legit broker? Is it safe to trade? It spread is high or low? How long to deposit or withdraw funds?

We provide answers to all the questions in this Pepperstone Review.

We checked all Pepperstone licenses and regulations to see if Pepperstone scam or safe. We compared Pepperstone fees like spread & commission from its live account to over 150 brokers, required time for deposit & withdrawal and many more findings all in this review.

What is Pepperstone

Pepperstone is a global Forex and CFD broker, established in 2010 and expanded further covering European, African and global scale.

The company operates under the license issued by the top-tier FCA in the UK, ASIC in Australia, German BaFIN and more.

Pepperstone highlights

πŸ—ΊοΈ Regulated inAustralia, UK, Germany, Cyprus, Bahamas, Kenya, Dubai
πŸ›‘οΈ Is Pepperstone safe to tradeYes
πŸ’΅ EUR/USD spread1.09 pips
🏦 DepositBank Wire, Cards, Skrill, PayPal, Neteller
πŸ’° Minimum depositUS$0
🏦 WithdrawalBank Wire, Cards, Skrill, PayPal, Neteller
πŸ’» Trading platformMT4, MT5, cTrader
πŸ’³ Trading marketsForex, CFDs on Index, Commodities, Cryptocurrency, and Stock CFDs
πŸ“ˆ Number of product180+
πŸ“‰ Live chat responseInstant and relevant answers

Regulation

License and regulation are the crucial to traders’ fund security. There are two facts checked, the broker’s license and its background, second how are you protected if something goes wrong.

Is Pepperstone legit

Pepperstone is regulated by several financial authorities, it is established in the Australia under ASIC regulation, and expand EU further with established regulated branches in the UK and top tier regulation by FCA, Germany under BaFIN, Cyprus, Dubai and Kenya.

Pepperstone licenses and status

EntityRegistered inRegulatorLicense no.Status
Pepperstone Group LimitedAustraliaAustralia Securities and Investment Commission (ASIC)ACN 147 055 703AFSL 414530 Currently Regulated
Pepperstone LimitedUKFinancial Conduct Authority (FCA)684312Currently Regulated
Pepperstone GmbHGermanyBundesanstalt fΓΌr Finanzdienstleistungsaufsicht (BaFIN)151148Currently Regulated
Pepperstone Financial Services LimitedDubaiDubai Financial Services Authority (DFSA)F004356Currently Regulated
Pepperstone EU LimitedCyprusCyprus Securities and Exchange Commission (CySEC)362/18Currently Regulated
Pepperstone Markets Kenya Limited KenyaCapital Markets Authority of Kenya (CMA)No.128Currently Regulated
Pepperstone Markets LimitedBahamasSecurities Commission of the Bahamas (SCB) SIA-F217Registered
Pepperstone Review – ASIC License
Pepperstone Review – ASIC License

Is Pepperstone safe

Yes, Pepperstone is considered safe because it is regulated by the top-tier regulators.

Natobly, Pepperstone operates 7 legal entities and is regulated by major world authorities. After Brexit, Pepperstone introduced entity under BaFIN regulations in Germany and continues expansion.

Pepperstone compensation scheme

EntityCompensation AmountNegative Balance Protection
Pepperstone Group Limited (UK)Β£85,000Yes
Pepperstone Limited (Australia)€20,000Yes
Pepperstone GmbH (Germany)No compensationYes
Pepperstone Financial Services Limited (Dubai)No compensationYes
Pepperstone EU Limited (Cyprus)€20,000Yes
Pepperstone Markets Kenya Limited (Kenya)No compensationYes
Pepperstone Markets Limited (International)No compensationYes

We recommend to register account with the UK, Germany or Australia entity as we consider regulations as the best

Pepperstone provides negative balance protection for all clients, so your balance will retrieve to 0 in case your trades go negative.

Markets and Products

Pepperstone has great range of instruments so you can tradeForex, CFDs on Index, Commodities, Cryptocurrency, and Stock CFDs.

Forex

Forex Currencies including 70+ pairs for major and minor pairs traded on floating spread conditions.

MarketsInstruments
Forex70
Indices14
Commodities12
Cryptocurrencies5
Shares60+

Account types

Pepperstone has two account types with different pricing models and trading platform, offering same trading capabilities. Islamic Accounts available via UE entity and generally account may vary in each entity proposal.

Login

Login Account is on website mainpage, where you can register account step by step and login to Your account management area.

Live Accounts



RazorStandard
Minimum Deposit200 USD200 USD
Minimum Balance–50,000 USD/EUR/GBP
Spreads From0.0 pips1 pips
CommissionsFrom 5$ per 100k tradedZero Commissions
Pepperstone Review – Step-by-step Account Opening
Pepperstone Review – Step-by-step Account Opening

Fees and commissions

We ranked Pepperstone fee levels as average for Standard account and low for Razor account based on Live Account Spreads and compared to 150 brokers in our database.

The spread we collected for popular instruments from 6 markets and over 150 brokers

MarketsInstrumentsLowAverageHigh
ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-22.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher

Spreads

Pepperstone fee structure is different in each account type.  

Standard account fees are charging spreads only averaging 1.0 – 1.3 pips for EUR USD as we test trades. Razor account or Raw spread averages on 0.0 – 0.9 pips for EURUSD, plus the commission charge of USD 7 round for 100k traded using MT5 platform.

We also found commission is different in each of the offered platforms, as well as Pepperstone entities. Compared Pepperstone Standard account spread to industry benchmarks, we find the spreads for all instruments to be low and average.

MarketsInstrumentsStandard accountRazor accountOther brokers’ avg spread
ForexEUR/USD1.090.91-1.5
IndicesUS 5001.5 0.5-1.4
CommoditiesGold0.16 0.5-2
StocksTesla0.07% 0.6-1
ETFsUS Russell 20001.9 0.5-1.4
CryptocurrenciesBitcoin– 
15.70
0.6-0.9%

Shares Commission

Trading Shares via Pepperstone you get CFDs trading with the commission charged per trade and no additional markup. Commission fee depending on the Share denomination and is ranked low among the industry.

Pepperstone Review – Share Commission
Pepperstone Review – Share Commission

Other Fees

Pepperstone has low non-trading fees. There is no fee for deposit, or withdrawals, or inactivity fee.

Trading Conditions

The trading conditions at Pepperstone are good. Almost all trading strategies are allowed including scalping, daytrading, EAs and hedging.

Trading ConditionsYes/No
Hedging AllowedYes
Scalping AllowedYes
Change Leverage AllowedYes

For hedging, there are no time limitations for keeping hedging positions.

For scalping, Razor account is designed for scalpers, Pepperstone cooperating with VPS service providers for MT4 and MT5 already including VPS servers for those traders who run Expert Advisors (EAs).

Change of leverage and its maximum levels depending on the entity regulations.

Deposit

Pepperstone charges no deposit fees. You can use various account base currencies to avoid conversion and deposit via bank transfer, credit cards, PayPal, and e-payments. The full range may not be available to UAE and Internationa clients with availability of Bank Wire only.

A bank transfer can take several business days, and payments with credit/debit cards and PayPal are instant.

Deposit MethodFunding TimeFee
Bank Wire Transfer2-5 business days0$
Credit / Debit CardInstant0$
PayPalInstant0$
NetellerInstant0$
SkrillInstant0$
POLiInstant0$
UnionPay12-48h0$
Pepperstone Review – Deposit and withdrawal – Deposit
Pepperstone Review – Deposit and withdrawal – Deposit

Minimum Deposit

There is no minimum deposit requirement for Pepperstone Standard account, yet it is recommended to deposit at least $200 to cover margins and be able to trade all range of instruments.

Withdrawal

Pepperstone charges no fees for some withdrawals, Bank wire addsonprocessing fee for international tranfers.  

Pepperstone process withdrawals within 1-2 business days, plus extra days for your payment provider.

Withdrawal MethodWithdrawal TimeFee
Bank Wire TransferUp to 7 business daysFree/ 20$ for International transfers
Credit / Debit Card2 business daysFree
PayPalInstantFree
NetellerInstant1$
SkrillInstant1$
WebMoneyInstantFree
BPayInstantFree
FasPayInstantFree

Bonus

Pepperstone offers bonuses for international traders, while EU or Australian traders can use only β€˜Refer a friend” program rewarding existing clients for invited friends.  

There is Active Trader Program for traders maintaining higher volumes turnover offering rebates and savings on trading commissions.

Pepperstone Bonus - Active Trader Program
Pepperstone Bonus – Active Trader Program

Trading Platform

Pepperstone includes choices between platforms MetaTrader4, MetaTrader5 and cTrader. 

MT4

Pepperstone MetaTrader4 is packed with addiitanl tools like MT4 signals and supporting multiple languages  across all devices on Windows, Mac, and Mobile Apps for Android and IOs.

cTrader

cTrader is popular among daytraders and technical traders for its advanced capabilities, Pepperstone version supports cAlgos and available across all devices.

Pepperstone Review – MT4 platform
Pepperstone Review – MT4 platform

Research and Tools

Pepperstone research tools are widely preented including technical tools on platforms and tools like Economic Calendars, Analysis and News Feed.

There are research and analysis tools available via the website and platforms, trading ideas, auto trading and social trading, also analysis and fundamental data powered by leading providers like Trading Central.

Pepperstone research tools are available in different places:

  • MetaTrader trading platforms
  • cTrader Platform
  • Analysis and Platform- Tools sections on the website
Pepperstone Review – Research – Analysis
Pepperstone Review – Research – Analysis

Education

There is quality education in Pepperstone. You can find trading videos, Webinars, numerous tools and daily outlooks in its education section.

We didn’t find negative points, platform videos and education section is well categorized and informative.

Demo Account

Demo accounts are on free use and available for all offered platforms including MetaTrader and cTrader.

At Pepperstone you can learn in the following ways:

  • Demo account
  • Trading videos and tutorials
  • Webinars
  • Educational articles
Pepperstone Review – Education
Pepperstone Review – Education

Customer Service

Pepperstone customer service is excellent, FAQ section answers many common question, agents supporting numerous languages and are very helpful, we also got fast answer via the Live Chat.

You can contact Pepperstone 24/5 by:

  • Live chat
  • Telephone
  • Email
Pepperstone Review – Customer Service - FAQ
Pepperstone Review – Customer Service – FAQ

Pepperstone live chat is a quick response via website, also available on the platforms

Question AskedWe asked about change of leverage.
Time of ReplyWe were connected to customer support Live Chat within minutes
Quality of ReplyThe answer was clear and refereeing to relevant entity regulations

Conclusion

Pepperstone is a safe broker to trade.

It has good background and is well-rounded regulated broker with good low spreads and range of trading platforms. Pepperstone is great choice for technical trading.

From the cons we would note basic News section and instruments selection.

We recommend Pepperstone for day traders and, also traders who prefer flexibility between platforms and pricing models

Author of this review

By Jimmy O'Brien

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.

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