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.
|🗺️ Regulated in||Australia, UK, Germany, Cyprus, Bahamas, Kenya, Dubai|
|🛡️ Is Pepperstone safe to trade||Yes|
|💵 EUR/USD spread||1.09 pips|
|🏦 Deposit||Bank Wire, Cards, Skrill, PayPal, Neteller|
|💰 Minimum deposit||US$0|
|🏦 Withdrawal||Bank Wire, Cards, Skrill, PayPal, Neteller|
|💻 Trading platform||MT4, MT5, cTrader|
|💳 Trading markets||Forex, CFDs on Index, Commodities, Cryptocurrency, and Stock CFDs|
|📈 Number of product||180+|
|📉 Live chat response||Instant and relevant answers|
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
|Entity||Registered in||Regulator||License no.||Status|
|Pepperstone Group Limited||Australia||Australia Securities and Investment Commission (ASIC)||ACN 147 055 703, AFSL 414530||Currently Regulated|
|Pepperstone Limited||UK||Financial Conduct Authority (FCA)||684312||Currently Regulated|
|Pepperstone GmbH||Germany||Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN)||151148||Currently Regulated|
|Pepperstone Financial Services Limited||Dubai||Dubai Financial Services Authority (DFSA)||F004356||Currently Regulated|
|Pepperstone EU Limited||Cyprus||Cyprus Securities and Exchange Commission (CySEC)||362/18||Currently Regulated|
|Pepperstone Markets Kenya Limited||Kenya||Capital Markets Authority of Kenya (CMA)||No.128||Currently Regulated|
|Pepperstone Markets Limited||Bahamas||Securities Commission of the Bahamas (SCB)||SIA-F217||Registered|
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
|Entity||Compensation Amount||Negative Balance Protection|
|Pepperstone Group Limited (UK)||£85,000||Yes|
|Pepperstone Limited (Australia)||€20,000||Yes|
|Pepperstone GmbH (Germany)||No compensation||Yes|
|Pepperstone Financial Services Limited (Dubai)||No compensation||Yes|
|Pepperstone EU Limited (Cyprus)||€20,000||Yes|
|Pepperstone Markets Kenya Limited (Kenya)||No compensation||Yes|
|Pepperstone Markets Limited (International)||No compensation||Yes|
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 Currencies including 70+ pairs for major and minor pairs traded on floating spread conditions.
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 Account is on website mainpage, where you can register account step by step and login to Your account management area.
|Minimum Deposit||200 USD||200 USD|
|Minimum Balance||–||50,000 USD/EUR/GBP|
|Spreads From||0.0 pips||1 pips|
|Commissions||From 5$ per 100k traded||Zero Commissions|
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
|Forex||EUR/USD||0.1-0.9||1-1.5||1.6 or higher|
|Indices||US 500||0.1-0.4||0.5-1.4||1.5 or higher|
|Commodities||Gold||0.1-0.4||0.5-2||2.1 or higher|
|Stocks||Tesla||0.1-0.5||0.6-1||1.1 or higher|
|ETFs||US Russell 2000||0.1-0.4||0.5-1.4||1.5 or higher|
|Cryptocurrencies||Bitcoin||0.1-0.5%||0.6-0.9%||1% or higher|
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.
|Markets||Instruments||Standard account||Razor account||Other brokers’ avg spread|
|ETFs||US Russell 2000||1.9||0.5-1.4|
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 has low non-trading fees. There is no fee for deposit, or withdrawals, or inactivity fee.
The trading conditions at Pepperstone are good. Almost all trading strategies are allowed including scalping, daytrading, EAs and hedging.
|Change Leverage Allowed||Yes|
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.
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 Method||Funding Time||Fee|
|Bank Wire Transfer||2-5 business days||0$|
|Credit / Debit Card||Instant||0$|
There is no minimum deposit requirement for Pepperstone Standard account, yet it is recommended to deposit at least $200 to cover margins and be able to trade all range of instruments.
Pepperstone charges no fees for some withdrawals, Bank wire addsonprocessing fee for international tranfers.
Pepperstone process withdrawals within 1-2 business days, plus extra days for your payment provider.
|Withdrawal Method||Withdrawal Time||Fee|
|Bank Wire Transfer||Up to 7 business days||Free/ 20$ for International transfers|
|Credit / Debit Card||2 business days||Free|
Pepperstone offers bonuses for international traders, while EU or Australian traders can use only ‘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 includes choices between platforms MetaTrader4, MetaTrader5 and cTrader.
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 is popular among daytraders and technical traders for its advanced capabilities, Pepperstone version supports cAlgos and available across all devices.
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
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 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
- Educational articles
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
Pepperstone live chat is a quick response via website, also available on the platforms
|Question Asked||We asked about change of leverage.|
|Time of Reply||We were connected to customer support Live Chat within minutes|
|Quality of Reply||The answer was clear and refereeing to relevant entity regulations|
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.