Pepperstone Broker Review

Author By Jeffrey Cammack Author Information Updated: November 10, 2020
Overall Rating
4.51 4.51 / 5
Rated #3 of 49 Recommended Brokers
Min. Deposit
USD 200
Regulators
Trading Desk
Trading CostTrading Cost Information
USD 8.60
Website Language
English
Support Language
English
AlertAccepts Malaysian Clients. Average spread EUR/USD 0.16 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone is regulated by the FCA, ASIC, and the DFSA.

Summary

Founded in 2010, Pepperstone is an Australian ECN broker known for tight spreads, fast trade execution and broad trading platform support. As our highest rated pure ECN broker, if you want to pay a small commission for tighter spreads, you won’t find much better than Pepperstone.

Pepperstone’s award-winning 24-hour support provides the foundation for its excellent customer service, where personalised assistance is available via a number of methods. It won the fastest-growing company award (2014) in Australia, from BRW Magazine and in the same year, emerged as the winner of the Governor of Victoria Export Awards cementing its reputation as a serious contender in the industry.

Reviews

Regulation
11110.54.5/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
111115/ 5
Deposit & Withdrawal
111104/ 5
Education & Research
11110.54.5/ 5
Assets Available
11110.54.5/ 5
Customer Service
11110.54.5/ 5
Beginner Friendly
Excellent
Bonuses

Account Information

Base Currencies
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
Number of FX Pairs
80+
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes

Trading Conditions

Min. Spread
0.01 pips
Commission
From 7 USD / lot - Razor Account
EUR/USD
0.16
GBP/USD
0.1
USD/JPY
0.25
Max. Leverage
500:1

Company Details

Company Name
Pepperstone Ltd
Founded
2010
Office Locations
Australia

Is Pepperstone Safe?

Pepperstone is a good match for Australians because the broker is ASIC regulated with License #414530.   Segregated client trust accounts with the National Australia Bank keep client’s trading funds safe, and continuous compliance training is required for all staff to meet the high internal standards.  Additionally, Pepperstone is also regulated under registration number 684312 by the FCA.

Account Types

Pepperstone as four account types for the traders.

Scroll for more detailsPreviousNext
Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Razor
USD 200
500:1
0.0
AUD$ 7
Account Details
Standard
USD 200
500:1
1.0
None
Account Details
Swap-free
USD 200
500:1
1.0
None
Account Details

Demo Account

Creating a demo account is easy.  Inside the client area select (see above) select the Request new Demo Account and complete the form as shown below.  This account will automatically close after 30 days, at which point you can open another should you need.

Standard Account

The standard account is the Pepperstone classic account which offers Interbank spreads and competitive liquidity with no commission on the trades.  Use your MT4 account on this account, get negative balance protection and even electronic assistance with risk management.  The standard account is a rock-solid foundation with few additional frills.

Razor Account

The razor account is the more premium of them, where Pepperstone demonstrates transparency by making the cost of every trade available to you.  With this account and a minimum deposit of $200, you get even tighter spreads from deeper liquidy centres, while being allowed EAs, hedging, and scalping.

Islamic Account

Very similar in setup to the Razor account with a $200 minimum deposit this account is a straight-through-processing and swap-free account.

How to Open An Account

From the overview screen, select Request New Live Account, and then which platform, account type (see above) and leverage you would like to have for your account.

Pepperstone Account Overview

Pepperstone Account Overview

Trading Platforms

The two most popular trading platforms are available at Pepperstone.

  • MetaTrader4 is easy to use and has chart features and executes trades very quickly.  MetaTrader4 is the gold standard of Forex trading software that is compatible with most ECN/STP brokers.
  • cTrader is used mainly by the more advanced Forex trader on day trades and using expert strategies.

The speed of the transactions is due to Pepperstone having a direct fibre optic link to Equinox, just 18 km from Wall Street.

Spreads and Leverage

Leverage is one of the highest on the market at 500:1 and spreads can be as low as 0.1 pips when dealing with USD/EUR in the Razon account.  The spreads might even go to 0 when there is more liquidity in the market and access to capital.

Deposits and Withdrawals

Accounts can be funded with all major credit cards. Withdrawals by Australians into Australian banks is a smooth and speedy operation, as is with credit cards.

Deposits

Select an account, select the funding method and the amount.

Pepperstone Deposit

Pepperstone Deposit Form

Once you have set up a default payment method, the quick deposit option becomes available.  Again, select the trading account you wish to fund, choose the payment method and then the amount.

Pepperstone Withdrawal

Pepperstone Quick Deposit Form

Withdrawals

Withdrawing should be quick and easy.  This functionality is the test of a good broker.  Different options are offered each with a different ETA time for the funds to land in your account.

Pepperstone Withdrawal

Pepperstone Withdrawal Form

Customer Support

Pepperstone is a relatively new player in the Forex game compared to most other brokers, but it has worked hard to build an excellent reputation through good support.  24-hour email and phone assistance are available from any of the London, Melbourne, Shanghai, Dallas and Bangkok offices.

Conclusion

Pepperstone is a solid Forex trading company that provides top customer service, with great technology and with trading conditions that are hard to beat.  If you want an Australian ASIC-regulated broker, Pepperstone is a strong competitor.

AlertAccepts Malaysian Clients. Average spread EUR/USD 0.16 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone is regulated by the FCA, ASIC, and the DFSA.
  • Vic says:

    Can i found a pepperstone account with paypal?

  • Scroll for more detailsPreviousNext
    Overall Rating
    Min. Deposit
    Regulation
    Trading Desk Type
    Trading Instruments
    Forex Pairs
    Crypto Pairs
    Pros
    Cons
    Regulation
    Trading Conditions
    Trading Platforms
    Deposit & Withdrawal
    Education & Research
    Assets Available
    Customer Service
    % Lose with this broker
    Leverage
    Spread
    Hedging
    Scalping
    Account Types
    Islamic Account
    Trading Platforms
    Funding Methods
    Trading Commission
    11110.54.51/ 5
    USD 200
    ECN/DMA
    Commodities, Cryptocurrencies, Forex, Energies
    80+
    5
    • Well regulated
    • Tight spreads
    • Great platform choice
    • Wide range of assets
    • High minimum deposit
    • Limited market analysis
    11110.54.5/ 5
    11110.54.5/ 5
    111115/ 5
    111104/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    79.3% of retail investor accounts lose money when trading CFDs with this provider
    500:1
    0.01 pips
    Yes
    Yes
    Razor, Standard, Swap-free
    Yes
    MT4, MT5, cTrader
    Neteller, BPay, POLi
    From 7 USD / lot - Razor Account
    1110.503.32/ 5
    USD 150
    ECN/DMA
    Commodities, Forex, Equities
    110
    2
    • Wide range of assets
    • Copy trading accounts
    • Limited market analysis
    • Limited education
    • Wide spreads
    1110.503.5/ 5
    110002/ 5
    111104/ 5
    111104/ 5
    111003/ 5
    1110.503.5/ 5
    111104/ 5
    71.71% of retail investor accounts lose money when trading CFDs with this provider
    1000:1
    0 pips
    Yes
    Yes
    Cent.Eurica, Cent.Standard, Insta.Eurica, Insta.Standard
    Yes
    MT4
    Bank Transfer, Mastercard, Bitcoin, Broker to Broker
    Fees Included in Spread
    1110.503.48/ 5
    USD 500
    ECN/DMA
    Commodities, Forex, Equities
    63
    4
    • Tight spreads
    • High minimum deposit
    • Limited education
    • Limited market analysis
    • Expensive withdrawals
    1110.503.5/ 5
    1110.503.5/ 5
    111104/ 5
    111003/ 5
    111003/ 5
    111104/ 5
    111003/ 5
    73.6% of retail investor accounts lose money when trading CFDs with this provider
    300:1
    0 pips
    Yes
    Yes
    Advanced Mark-Up, Advanced RAW, Basic, Institutional
    Yes
    MT4, Sirix
    Bank Transfer, Mastercard, Skrill, Neteller
    Fees Included in Spread
    Visit Broker
    AlertMost retail CFD accounts lose money. Your capital is at risk.

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