- Licensed in 7 jurisdictions
- Does not charge an inactivity fee
- Does not charge fees on deposits or withdrawals
- Opening an account takes less than a day
- Offers MetaTrader and cTrader trading platforms
- Additional social copy trading platforms are offered to traders
- Does not offer real stocks
- Compared to other leading brokers, the list of assets is a bit limited
Established in 2010 by a team of Australian professionals and experienced traders, Pepperstone is one of the leading brokers in the market today. Pepperstone is trusted by over 300,000 traders around the world, and is regulated and licensed by agencies from numerous countries.
Being licensed by 7 agencies, Pepperstone is known for being among the safest and most secure brokerages in the market. Due to the high quality of services offered by this broker, it has been named a leading Forex broker by numerous organizations.
Offering traders access to over 1,200 assets, Pepperstone is a place where you can certainly find something to trade. From Forex currency pairs to shares of leading companies, the trading portfolio of Pepperstone is truly grand and full of opportunities.

Pepperstone Summary
| Regulations | Australia, Cyprus, Germany, Kenya, UAE, UK |
| Fees on deposits | $0 |
| Fees on withdrawal | $0 |
| Inactivity fees | $0 |
| Minimum deposit | $0 |
| Minimum account activation | $0 |
| Number of available assets | 1200+ |
| Leverage up to | 1:500. Retail leverage is capped at 200:1 |
| Available trading markets | CFDs, Commodities, Cryptocurrencies, Forex, Indices, Stocks |
| Account currencies | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
| Demo account | Yes |
| Live account types | Razor, Standard |
| Islamic account | Yes |
| Security | |
| Negative balance protection | Yes |
| Part of compensation fund | Yes |
| Keeps funds on segregated bank account | Yes |
| Assets | |
| Forex | 62. available pairs |
| Shares | 0. stock CFDs |
| Cryptocurrencies | 23 |
| Indices | 23 |
| Commodities | 32 |
| Total | 1200+ |
| Fees & spread | |
| Forex | From 0 pips |
| Shares | N/A, depending on the stock. The commissions change according to underlying exchange rates. |
| Cryptocurrencies | From 0 spreads. 33.97 Avg spread on BTC/USD |
| Indices | From 0.1. 0.6 Avg spread on US500 |
| Commodities | From 0.3 pips. 13.81 Avg spread on XAU/USD |
| Software | |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Mobile trading support | Yes |
| Mac device support | Yes |
| Commodities | Yes |
| Payment systems | |
| Payment methods | Bank Transfer, Bpay, Credit/Debit Card, Neteller, POLi, PayPal, Skrill, UnionPay, M-Pesa |
| Minimum deposit | Bank Transfer, Bpay, Credit/Debit Card, Neteller, POLi, PayPal, Skrill, UnionPay, M-Pesa |
| Minimum withdrawal | Bank Transfer, Bpay, Credit/Debit Card, Neteller, POLi, PayPal, Skrill, UnionPay, M-Pesa Withdrawals made before 7 (AEST) will be processed the same day |
| Withdrawal processing time | Instant |
| Time to open an account | – |
The Safety & Security
The safety and security that Pepperstone offers to its clients had a huge impact on our final Pepperstone rating. Pepperstone is a Forex broker that is licensed by as many as 7 regulatory bodies.
The broker has also adopted numerous policies to ensure the highest safety and security for its clients. Over the last few years, they managed to become one of the leaders in the Forex market because it is a place where traders can open positions without having to worry about the legitimacy of the broker.
Among the licenses that Pepperstone holds are the following:
- Australian Securities & Investments Commission, ASIC;
- Securities Commission of The Bahamas, SCB;
- Capital Market Authority, CMA;
- Cyprus Securities and Exchange Commission, CySEC;
- Financial Conduct Authority, FCA;
- Federal Financial Supervisory Authority, BaFin;
- Dubai Financial Services Authority, DFSA.
As you can see on the list of regulators above, the licenses of Pepperstone are very diverse. Because the broker is regulated in so many jurisdictions, it is able to offer services to millions of people around the world.
The broker is licensed by local authorities as well as international, offshore regulatory bodies. Among the regulators are tier-1 agencies, that are known for the highest safety and security standards, such as the FCA and ASIC. The broker is also regulated by offshore regulators, which might be less trustworthy but allows the broker to offer its services worldwide.
Assets
Pepperstone offers clients a wide range of trading instruments to choose from. The clients of the broker can choose anything from Forex to shares, cryptocurrencies, indices, or commodities to trade.
While other leading brokers offer a bit more trading assets to clients, the array of instruments available on Pepperstone should be enough for the majority of traders around the world.
Most of the assets available on Pepperstone can be traded as CFDs. CFD stands for “Contracts for Differences” and are very popular trading instruments available in the market. They offer traders the opportunity to make profits without having to buy the underlying assets.
For example, when trading crypto CFDs on Pepperstone, you do not buy or sell the cryptocurrencies themselves. Rather, you are simply speculating on the possible price changes of the assets. These contracts have deadlines, once the deadline comes, if your prediction was correct, you will make profits, while if the prediction is incorrect, you will be losing the position.
Trade Forex
Forex trading is by far the biggest financial market in the world. Some of the estimates indicate that the average daily turnover of the Forex trading market is over 6 trillion USD. This should not come as a surprise as there are always some people in different parts of the world who need to exchange currencies. This also makes Forex trading the most liquid market.
Trade Shares
On Pepperstone, there are over 1,000 shares of leading companies available for trading and trading shares is possible through CFDs. The clients of the broker have the opportunity to access shares from all parts of the world, including Australia, the US, the UK, Germany, and many others.
The broker also offers clients the opportunity to trade out of hours. This lets traders benefit from both pre-market and after-hours prices. The clients of Pepperstone are able to trade shares with leverage going up to 1:20. As for commissions, they start at just 0.02%.
The commissions on stock CFD trading are very low at Pepperstone and it allows traders to have the opportunity to make profits in an easier manner. Thanks to leverage, clients of Pepperstone also have the opportunity to increase their profits made when trading share CFDs. There is a total of over 1,000 CFD stocks available for trading, and this includes leading companies’ shares such as Tesla, Facebook, Apple, and many more.
Trade Indices
If you are looking for options to further diversify your trading activities, indices might be just what you are looking for. These assets have become very popular among traders around the world over the past few years.
Instead of investing in individual stocks, indices offer traders the opportunity to make profits by giving them access to the economies of different countries and different industries. There are over 30 indices available on Pepperstone and they can be used by traders to make additional profits in the market.
Pepperstone offers traders the opportunity to trade indices with leverage of up to 1:20. As for experienced traders, the leverage can go higher. Among the indices that you can trade are those representing the US, Africa, the UK, Europe, and so on.
Trade commodities
Commodities have always been a part of humans’ lives. In fact, they have been traded for a much longer time than any other asset. Pepperstone offers clients access to both soft and hard commodities. Soft commodities are those that are a result of agricultural activity, while hard commodities are those that are mined.
Among the commodities that can be traded on Pepperstone, you will find gold, silver, platinum, crude oil, cocoa, wheat, and many others. The leverage on commodities goes up to 1:20, while the spreads start from as low as 0.5.
Trade cryptocurrencies
Pepperstone offers clients access to leading cryptocurrencies, such as Bitcoin, Bitcoin Cash, Cardano, Chainlink, Dash, Dogecoin, and many others. The leverage for retail traders is 1:2, and it can go up to 1:10 for experienced traders.
The past few years have seen massive growth in crypto trading popularity, and thanks to CFD trading, those who want to trade these assets do not have to worry about holding actual crypto assets. Instead, they can simply speculate on the possible price changes of cryptocurrencies without having to deal with the underlying assets.
In total, there are over 20 crypto assets available on Pepperstone.

Account Types
Demo account
If you are a complete beginner in the Forex trading market, it would be better if you first avoid trading with your real money. The Pepperstone demo account can be a great option for traders who want to learn more about the market and increase their skills without risking anything. When you open a demo account with Pepperstone, the broker will give you a certain amount of virtual funds. If you run out of virtual money when trading, you can always contact the broker and ask them to provide more.
Demo trading lets beginners get used to the trading platform and become more confident as well as comfortable with their skills. Apart from this, a demo account can also be used by experienced traders to try out different types of strategies and see which one works best for them.
Standard account
The Pepperstone Standard account can be a great fit for traders of all different wants and interests. The clients of Pepperstone using Standard accounts do not have to worry about paying any commissions, as they are zero percent accounts. The spreads are very low and competitive, starting at just 0.6 pips. With this account, you will be able to use the MT4, MT5, or cTrader platforms. You will also be able to use TradingView for more detailed market analysis.
This account is considered to be an entry-level account at Pepperstone. It can be used by traders after practicing on the demo account to acquire further skills. The minimum deposit to open this account is $200, and the leverage offered for Forex pairs is 1:30. The Standard account allows traders to use strategies such as scalping, hedging, and so on.
Razor account
A Pepperstone Razor account can be a great option for traders who want to save as much money as they can. This account is known for having very low spreads, which start at 0.0 pips. The broker allows Razor account holders to have access to trading platforms such as MetaTrader 4, MetaTrader 5, cTrader, and TradingView. Commissions apply to some trades using this account. For example, on MT4 and MT5, the fees start from $3.50 per one standard lot (100,000 units of the asset). This account is the most popular option among Pepperstone clients.
In order to ensure that the fees are as low as possible, the broker uses Straight Through Processing, STP, with no dealing desk. This way, clients have direct access to tier-1 institutions which provide very high liquidity.
Islamic account
Pepperstone’s Islamic account can be a great option for traders who follow the beliefs of the Quran and want to trade Forex without having to go against their religious views. According to the Sharia law of the Quran, it is prohibited to participate in activities that require dealing with interest rates.
When trading Forex, if you open a position and leave it open overnight, you will have to pay or receive swap interest fees. Because it goes against some traders’ beliefs, the broker offers an Islamic account. It is also sometimes referred to as a swap-free account, as those using this account do not have to worry about swaps.
However, it should be noted that this account is only available for specific Muslim countries and not everyone can create this account.
Social/copy trading account
If you are a trader who wants to take part in social/copy trading, there is a special offer awaiting you on Pepperstone. Pepperstone MAM/PAMM account can be a great way for traders to make profits in the market without having to trade on their own.
This account allows traders to follow the steps taken by the most experienced people in the market and make profits without having to do any market analysis on their own. This account can be a great way for beginners to become a part of the market.

Fees and Commissions
There are several types of commissions charged by the broker. While there are no fees or commissions charged for deposits or withdrawals, the broker charges spread markups when you trade. Depending on the account type that you have and the market conditions during your trading, the spreads can vary.In general, if you open the Razor account and you trade major currency pairs like EUR/USD, the spreads should be relatively low. They usually start as low as 0. In addition to this, Pepperstone does not charge an inactivity fee, which means that you can trade whenever you want, for how long you want to. You can also quit trading any time you want to, without having to worry about the additional costs it can bring you.
Mobile Experience
Pepperstone’s rating depends on several important factors, one of which is the mobile experience. All the available trading platforms on this Forex broker can be used by traders with their smartphones. Whether you have an iOS or Android device, you can trade Forex using any of the trading platforms available on Pepperstone.
The Pepperstone website is also very mobile-friendly and looks great on smartphones. This is a huge advantage of Pepperstone.
Education & Research Tools
As of now, many regulatory agencies around the world require Forex brokers to offer traders access to high-quality educational material. Pepperstoneoffers a wide range of educational material to help traders increase their understanding of Forex trading.
The Forex broker offers traders very detailed and useful guides on different financial markets. These can be used by traders to determine what the best ways to get started are in a certain market. Apart from this, the broker offers traders frequent webinars, which are stored on the website once they are finished and can be re-watched by traders at any time.
These webinars are usually prepared by the most experienced traders in the market, who are ready to share their knowledge with beginners.

Customer Support
There are numerous channels one can use to get in touch with the representatives of their customer support team. For example, one could use the live chat option available on the website of the broker. If that’s not your cup of cocoa, then you can always email, phone, or contact them through WhatsApp.
There is a special FAQ section available on the website of Pepperstone, which can be used by traders to find answers to the most asked questions without having to contact the customer support team.
