Pepperstone Review

Pepperstone is one of the world’s largest online trading brokerages with a wide selection of tradeable assets and an average daily trade volume of over $8 billion.

Pepperstone review


Pepperstone is a leading online trading brokerage that provides traders from around the world with the opportunity to trade forex and CFDs on a wide range of tradable assets. The brokerage accomodates all types of investors and traders whether they’re just starting out or are an experienced trading veteran.

Pepperstone was founded in 2010 by Pepperstone Group Limited and is based out of Australia with their headquarters located at Level 5, 530 Collins Street, Melbourne VIC 3000 Australia. Also, since Pepperstone is an international trading brokerage they have offices in Shanghai, Dallas, Bangkok, and London and offer their trading services in 14 languages. Since Pepperstone is an Australian based brokerage they are licensed and regulated by the Australian Securities and Investments Commission (ASIC). Also, due to a large number of their clientele being from Europe and the UK, the brokerage is regulated by the Financial Conduct Authority (FCA) in the UK.

Though Pepperstone is a large and successful international Forex and CFDs trading brokerage, are they the right trading brokerage for you? Find out in our in-depth Pepperstone Broker Review where we analyze all aspects of the tradeable products they offer and services they provide.

Overall Rating

Products & Fees
Desktop Experience
Mobile Experience
Customer Support


  • Excellent Customer Support

    Pepperstone’s customer support has won numerous awards and is very helpful.

  • Sophisticated Trading Platforms

    Traders have a wide selection of trading platforms and trading and analysis tools to choose from.

  • Safe & Reliable

    Pepperstone is highly regulated and has an impeccable reputation.


  • Limited Tradeable Assets

    The extent of tradeable assets offered by Pepperstone is rather limited compared to much of the competition.

  • No Bonuses or Promotions

    Traders do not benefit from any depositing bonuses.

There are many forex providers to choose from, and we realise that today's forex trader has many options. That's exactly why we aim to separate ourselves from the competition in every way we can.

Commissions & Fees

Pepperstone utilizes two different pricing models which apply to different account types. For instance, the Razor account is commission based and the Standard account incorporates their fees in the spread. The Razor account features the tightest spreads with averages of around 0.2 pips, with the added commissions of $3.50 per trade, the all-in cost could be 0.95 pips. For the standard account the spreads tend to be wider but there are no added commissions. For day traders, the Razor account offers the most cost-effective option.

Also, in addition to the two pricing models associated with the account types mentioned above, Pepperstone offers traders an active trader program. The active trader program offers traders discounted commissions that are dependent on the amount the trader deposits and their monthly trading volumes. Therefore, the Pepperstone brokerage is a very attractive option for institutional investors and professional active traders.

Commissions & Fees
Forex Spreads
From 0.4 pips
From 0.0 pips + $3.50 commission
From 0.3 pips
From 0.3 pips
From 0.5 pips
no commissions
From 0.3 pips
From 0.1 pips
0.08% minimum $8.00 USD
From 0.3 pips
Spreads vary
Average 0.13%
From 1.3 pips
From 0.13%
From 0.4pips
0.75% to 1.5% Over Market
From 1.8 pips
From 5 pips
From 45 pips
Spreads from $45
Vantage FX
From 0.0 pips + $3 commission per 1 lot
From 0.23 pips

Platform & Tools

pepperstone platforms

Pepperstone is a very versatile trading brokerage who offers their clients a wide selection of trading platforms including the full suite of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms and the web-based and desktop cTrader platform. See these platforms overviewed below.

MetaTrader MT4 & MT5

The MT4 & MT5 trading platforms are the most popular trading platforms in the world and are designed to give traders an edge in today’s complex trading environment. Both platforms comes complete with live quotes, real-time charts, in depth news and analysis, a number of indicators, management tools, and expert advisors (EAs) for automated trading.


The cTrader platform is an amazing and innovative trading platform that provides sophisticated and revolutionary tools and features. The platform is lightning fast and has enhanced charting abilities and a sophisticated order management system. The cTrader platform is more geared towards beginner and intermediate traders as the user interface is intuitively designed and provides a seamless trading experience.

Platform & Tools
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Research & Analysis
Social trading
Demo account

Mobile App

In addition to the desktop trading platforms, Pepperstone offers MT4 and MT5 mobile trading applications that can be downloaded for free from the Apple App Store and the Google Play Store for iOS and Android mobile devices. Both of the trading apps provide a seamless mobile trading experience and allows traders to execute orders and manage their portfolio while on the go.

Account Types

Pepperstone strives to accommodate every trader’s needs and therefore offers them 4 different account to choose from. See the different account types and their key aspects overviewed below.

Standard Account

  • Interbank spreads from 1.0 pips
  • STP processing and liquidity from 22 banks
  • Negative balance protection and an automated Risk Management System
  • $0 to open an account

Razor Account

  • The ultimate account for Forex traders
  • Deep liquidity and transparent trading costs
  • Flexible leverage of up to 500:1
  • Trading from 0.01 lots
  • Lightning fast execution speed
  • $200 initial deposit

Islamic Account

  • Compliant with Sharia law for religious traders
  • No swaps, straight through processing
  • 1-1.2 pips
  • 0.01/100 lots
  • $200 initial deposit

Active Trader Account

  • Superior EDGE execution for Active Traders & Institutional Partners
  • Dedicated relationship manager
  • Segregated customer account
  • Advanced reporting
  • VPD hosting services
  • Custom trading solutions

Deposits & Withdrawals

Pepperstone traders have numerous deposit and withdrawal options available to them. All methods are free of charge from Pepperstone but may have fees on the payment methods end. Most of the methods listed below are processed nearly instantly, with the exception of bank wire and broker to broker transfers which take between 3 – 5 business days to go through. Traders must make withdraw requests from the secure client area by filling out a withdrawal form and they must be filled out by 21:00 GMT (07:00 AEST) to be processed that day. See below, the available deposit and withdrawal methods.

  • Credit/Debit Card
  • PayPal
  • POLi
  • China Union Pay
  • Bank Transfer (Domestic & International)
  • BPay
  • Skrill
  • Neteller
  • Qiwi
  • Fasapay
  • Broker to Broker
Deposits & Withdrawals
Minimum deposit
Withdrawal Time
Withdrawal Fee
3 - 5 business days
1 - 2 business days
3 - 10 business days
Vantage FX
3 - 10 business days

Customer Support

Pepperstone has been awarded for their excellent level of customer service and continues to provide some of the best service in the industry. Support representatives can be reached via live chat, email, and telephone 24 hours a day, 7 days a week. Additional methods of support include contact through Pepperstone’s social media channels and numerous educational resources. For instance, traders have access to webinars, trading guides, forums, courses, a glossary, and an extensive FAQ page.

Security & Fairness

pepperstone trust

Pepperstone is a very safe, secure, and fair online trading brokerage as they have had an impeccable reputation since their establishment in 2010. The brokerage is licensed and regulate by two reputable regulatory authorities being the Australian Securities and Investments Commission (ASIC) and the UK Financial Conduct Authority (FCA). These regulatory agencies impose strict rules and guidelines on Pepperstone to ensure the brokerage maintains fair, transparent, and reliable trading services. Also, for UK traders, their funds are insured with Lloyds of London and are held in segregated tier 1 banks accounts.

As for other traders, their funds are also held in segregated tier 1 bank accounts. Furthermore, Pepperstone ensures their trading platforms and services are technically secure by implementing the most advanced security measures and run routine security checks. All in all, traders can rest assured they are trading in a secure and fair online trading environment with Pepperstone.