Pepperstone

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

Pepperstone Review

Author bio.

Stéphane BottineStéphane has worked in financial services since 2005, within capital markets and investment banking. He graduated from the London School of Economics and HEC Paris.

FCA Register

Updated on: 1 October, 2022

  • Pros
  • Trade over 1,200 instruments across a wide range of asset classes.
  • Trade on the MetaTrader 4, 5, cTrader platforms or TradingView.
  • All trading styles and Expert Advisors are allowed.
  • Access deep liquidity from Tier 1 liquidity providers.
  • Excellent customer service.
  • Cons
  • You cannot choose which Pepperstone entity to open an account with. For example, you will need to open an account with Pepperstone's FCA-regulated entity if you live in the UK.
  • Awards
  • Best Forex Broker Overall - Compareforexbrokers, 2022
  • Best MT4 Forex Broker - Compareforexbrokers, 2022
  • Best Scalping Broker - InvestinGoal, 2021

Pepperstone Accounts (5)

Pepperstone

Standard Account [MT4, MT5 or cTrader]
  • Trade Forex and as well as CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads, with no commission. Choose between MT4, MT5, cTrader or TradingView. All trading strategies are allowed.
  • $ 200 Minimum deposit
  • 1:30 Leverage (EUR/USD) ?
  • 0.77 Pips (EUR/USD)
  • $ 0 Commission
  • More ▼
  • Open account ▷
    Risk warning: 74-89% of retail CFD accounts lose money

Pepperstone

Premium Account [MT4, MT5 or cTrader]
  • Get priority customer support and exclusive market insights when you trade over 150 lots per month, for over 6 months.
  • $ 200 Minimum deposit
  • 1:30 Leverage (EUR/USD) ?
  • 0.77 Pips (EUR/USD)
  • $ 0 Commission
  • More ▼
  • Open account ▷
    Risk warning: 74-89% of retail CFD accounts lose money

Pepperstone

Razor Account [MT4, MT5]
  • Trade Forex on raw spreads, sourced directly from Pepperstone's liquidity providers, plus a commission. Trade CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads. Pepperstone allows all trading strategies on MT4 and MT5. This account is popular with scalpers.
  • $ 200 Minimum deposit
  • 1:30 Leverage (EUR/USD) ?
  • 0.17 Pips (EUR/USD)
  • $ 8 Commission
  • More ▼
  • Open account ▷
    Risk warning: 74-89% of retail CFD accounts lose money

Pepperstone

Razor Account [cTrader, TradingView]
  • Trade Forex on raw spreads, sourced directly from Pepperstone's liquidity providers, plus a commission. Trade CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads. Pepperstone allows all trading strategies on cTrader. This account is popular with scalpers.
  • $ 200 Minimum deposit
  • 1:30 Leverage (EUR/USD) ?
  • 0.17 Pips (EUR/USD)
  • $ 6 Commission
  • More ▼
  • Open account ▷
    Risk warning: 74-89% of retail CFD accounts lose money

Pepperstone

Swap Free Account [MT4, MT5]
  • Trade Forex and as well as CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads, with no interest charges. Choose between MT4 and MT5. All trading strategies are allowed. This account is only available in certain countries.
  • $ 200 Minimum deposit
  • 1:30 Leverage (EUR/USD) ?
  • 0.6 Pips (EUR/USD)
  • $ 0 Commission
  • More ▼
  • Open account ▷
    Risk warning: 74-89% of retail CFD accounts lose money

Pepperstone Offers (3)

Important: please visit the broker's website for their terms and conditions.

Run automated algorithmic strategies, including expert advisors on a 24/7 basis on a Virtual Private Server (VPS). Pepperstone has partnered with two VPS providers to deliver low latency trading environments. Get 20% off an FXVM VPS, and 25% off any VPS plans from New York City Servers.

Visit website ▷

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

Part-take in the Active Trader program to earn discounts on your trading commissions, refunded daily. The more you trade, the higher your commissions discount will be. The rates depend on your jurisdiction.

Visit website ▷

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

Autochartist is a market scanner that can help you identify statistically significant market movements, as well as support and resistance levels. Autochartist alerts are built directly into Pepperstone's MetaTrader trading platform, making it easy to view and analyse alerts in more detail alongside the platform's other indicators.

Visit website ▷

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

Pepperstone Markets

Trade and diversify your positions over 1,200 instruments, across a wide range of markets. Enjoy lightning fast execution and low spreads.

  • Forex: trade over 60 currency pairs across Majors and Minors.
  • Currencies indices: trade CFDs on 3 currency indices, including the US Dollar Index. The US Dollar Index measures the strength of the US Dollar against a basket of currencies weighted toward the Euro, the Yen and the Pound.
  • Crypto-currencies: trade CFDs on 18 crypto-currencies and crypto-currency indices, including Bitcoin and Ethereum.
  • Stocks: trade CFDs on hundreds of stocks listed in the US, the UK, Germany and Australia. These include Apple, Boeing and Exxon.
  • ETFs: trade CFDs on over 100 ETFs that track the performance of entire sectors or even countries. These include mining, energy, technology and even bond ETFs.
  • Indices: trade CFDs on American, European, APAC and African stock market indices. These include the NASDAQ, the S&P 500 and the FTSE 100.
  • Commodities: trade CFDs on the price of gold, silver, copper, natural gas and crude oil in US dollars.

Note: the range of instruments depends on your chosen trading platform. Please visit Pepperstone.com for more information.

  • Asset classes
  • Forex (CFD)
  • Cryptos (CFD)*
  • Stocks (CFD)
  • Indices (CFD)
  • ETFs (CFD)
  • Metals (CFD)
  • Energy (CFD)
  • Commodities (CFD)

* Availability subject to regulation.

  • Asset classes (#)
  • Forex (CFD)62
  • Cryptos (CFD)*20
  • Stocks (CFD)957
  • Indices (CFD)23
  • ETFs (CFD)112
  • Metals (CFD)12
  • Energy (CFD)4
  • Commodities (CFD)16

Pepperstone Trading platforms

Pepperstone supports MetaTrader 4, 5, cTrader as well as TradingView. Of note, you can choose any platform, whether you opened a Standard account or a Razor account.

MetaTrader

MetaTrader 4 is the world's most popular trading platform. Get live quotes and trade directly from the charts. Access 28 indicators and Expert Advisors through the Smart Trader Tools package, a collection of tools designed for scalpers and day traders. Create your own automated trading strategies, or download thousands of others online, and backtest them directly within MetaTrader. Pepperstone.com supports all trading styles and Expert Advisors.

MetaTrader 5 is MetaTrader's latest release. It delivers faster processing times, allows you to hedge your positions and supports advanced pending orders. If you are new to the MetaTrader platform, we recommend starting with MT5.

cTrader

cTrader is an intuitive and easy-to-use platform with advanced trading capabilities such as fast entry and execution and coding customisation, as well as educational tools to help you make better trading decisions.

TradingView

Last but not least, you can also trade through TradingView, a popular charting service. To trade through TradingView, simply open a Pepperstone.com Razor account online and download the cTrader platform.

Social Trading

Pepperstone has partnered with several social trading platforms to help you follow strategies from some of the world's top traders.

Myfxbook is an account mirroring service, which allows you to copy trades from other Forex trading systems. Easily screen trading systems based on their past performance, mirror their trades and remove them from your account at will. Myfxbook is compatible with MetaTrader 4, 5 and cTrader.

You can also access thousands of trading signals within the MetaTrader platform itself, or even become a signal provider. Some signals are free, and others paid for. A "signal" allows you to mirror other traders' positions directly in your account. These signals are available to MetaTrader 4 and 5 users.

Last but not least, Pepperstone has partnered with DupliTrade, a curated marketplace for automated trading signals. DupliTrade takes pride in selecting strategy providers with a proven track-record. However, DupliTrade is only compatible with MT4, and requires a $4,000 minimum deposit (or the equivalent in another account base currency).

  • Trading platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • Copy trading
  • Mirror trading
  • Other platformsTradingView
  • Operating systems
  • Web trader
  • Android
  • iOS

Pepperstone Account funding

Note: payment methods depend on the entity with which you open an account, as well as your country of residence. Please visit the company's website for all payment methods.

You can fund your account with Pepperstone through a Visa or Mastercard debit card, credit card or a bank transfer. However, further options may be available to you when you login to your account.

Of note, Pepperstone supports the following 5 account base currencies: USD, EUR, GBP, AUD and CHF, helping you avoid unnecessary currency conversion fees, if your funds are in one of these currencies.

  • Deposits and withdrawals (Fiat)
  • Bank transfer
  • Credit card
  • Debit card
  • BPAY *
  • M-PESA *
  • NETELLER *
  • POLi *
  • Skrill *
  • 2c2p

* Availability subject to regulation.

  • Deposits and withdrawals (Crypto)
  • Account base currencies
  • AUD - Australian Dollar
  • CHF - Swiss Franc
  • EUR - Euro
  • GBP - British Pound
  • USD - U.S. Dollar

Pepperstone Regulators

Pepperstone is a regulated broker, with registered offices in Australia, the Bahamas, Cyprus, Dubai, Germany, Kenya and the UK.

Your funds will be held in segregated accounts, and you'll enjoy negative balance protection as a retail trader, regardless of the Pepperstone entity with which you open an account.

However, the maximum leverage available to you as a retail trader varies across regulators. For example, the maximum leverage across major currency pairs is 1:400 through Pepperstone's Kenya entity, versus 1:30 in Australia, Cyprus, Germany and the UK. But leverage isn't the only factor to consider: some but not all regulators provide investor compensation schemes to protect you against your broker filing for bankruptcy.

  • Regulated entities
  • AustraliaPepperstone Group Limited
  • BahamasPepperstone Markets Limited (SIA-F217)
  • Cyprus (EU)Pepperstone EU Limited (CySEC 388/20)
  • GermanyPepperstone GmbH
  • KenyaPepperstone Markets Kenya Limited
  • UAEPepperstone Financial Services (DIFC) Limited (DFSA No. F004356)
  • UKPepperstone Limited (FCA No. 684312)

Pepperstone Alternatives

Are you looking for an alternative to Pepperstone? Compare Pepperstone against each of the following brokers and make an informed decision.

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