Pepperstone Review

Lisa Martinez

Written by

Lisa Martinez
James Wilson

Fact Checked by

James Wilson

Updated

Jan 4, 2026
Broker review header

95

Trust Score: 95/100

Based on regulatory status, company history, and financial transparency

  • Razor spreads from 0.0 pips (raw spreads)
  • Regulated by 7 jurisdictions (ASIC, FCA, CySEC, BaFin)
  • No minimum deposit ($200 recommended)
  • MT4, MT5, cTrader, TradingView platforms
  • Ultra-fast execution for scalpers/algos
  • No inactivity fees
  • 1,200+ instruments available
  • Active Trader rebate program

Founded

2010

Headquarters

Melbourne, Australia

Clients

400,000+

Why choose Pepperstone

Pepperstone is an award-winning Australian forex and CFD broker founded in 2010, renowned for its ultra-tight raw spreads, lightning-fast execution, and exceptional customer service. Regulated by 7 authorities including Tier-1 regulators ASIC (Australia), FCA (UK), CySEC (Cyprus), and BaFin (Germany), Pepperstone serves 400,000+ traders globally. The broker's Razor account offers raw spreads from 0.0 pips with competitive commissions ($7 round turn on MT4/MT5, $6 on cTrader). Pepperstone provides 1,200+ instruments across forex, indices, commodities, shares, and cryptocurrencies. With MT4, MT5, cTrader, and TradingView integration, Pepperstone caters to all trading styles. The broker excels in speed, no deposit fees, no inactivity fees, and free VPS for qualifying traders. Active Trader Program offers cash rebates for high-volume traders.

Pros

  • Regulated by 7 jurisdictions including 4 Tier-1
  • Ultra-tight raw spreads on Razor (avg 0.1 pips EUR/USD)
  • Fast execution - ideal for scalpers/EAs
  • MT4, MT5, cTrader, TradingView support
  • No inactivity fees, no deposit/withdrawal fees
  • Active Trader rebates for high-volume

Cons

  • Standard account spreads wider than Razor
  • Commission varies by platform
  • No proprietary mobile app
  • Research less extensive than IG
Pepperstone logo

Pepperstone

Save Wishlist's

Popular choice

Min Deposit:

$0

Inactivity Fee:

No

Regulated:

Yes

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Pepperstone's Razor account is a market leader for cost-efficiency with raw spreads from 0.0 pips and competitive commissions: $7.00 round turn on MT4/MT5, $6.00 on cTrader, $7.00 on TradingView. Standard accounts have zero commission but wider spreads from 1.0 pips. No deposit fees, no withdrawal fees, no inactivity fees. Active Trader Program offers rebates for high-volume traders.

InstrumentStandardRaw/Pro
EUR/USD1.0 pips avg (Standard)0.1 pips avg + commission (Razor)
GBP/USD1.2 pips avg (Standard)0.2 pips avg + commission (Razor)
USD/JPY1.0 pips avg (Standard)0.1 pips avg + commission (Razor)
Gold (XAU/USD)VariableVariable + commission
S&P 500 (US500)0.4 points (min)0.4 points (min)
BTC/USD~$30 spread~$30 spread

Deposit Fee

$0

Withdrawal Fee

$0

Inactivity Fee

$0 (None)

Currency Conversion

Market rate + small spread

Non-trading fees

Inactivity fee: No.

Pepperstone operates under strict regulatory oversight across 7 jurisdictions, including 4 Tier-1 regulators: ASIC (Australia), FCA (UK), CySEC (Cyprus), and BaFin (Germany). Client funds are held in segregated accounts at top-tier banks. Negative balance protection is provided for retail clients. FSCS protection up to £85,000 applies for UK clients, ICF up to €20,000 for Cyprus clients. Clean regulatory record since 2010.

Segregated

Yes

Pepperstone offers free deposits and withdrawals with no minimum deposit requirement (though $200 is recommended for optimal margin). Multiple payment methods are accepted including cards, bank transfer, PayPal, Skrill, and Neteller. Fast processing times with instant card deposits. The broker supports 8 base currencies.

Deposit fees

Details.

Pepperstone offers mobile trading through MT4, MT5, and cTrader mobile apps, providing full trading functionality on the go. Each platform has its own dedicated app. TradingView mobile can also be used with Pepperstone integration. All apps feature one-tap trading, advanced charting, real-time quotes, and price alerts.

App Features

  • MT4 mobile app
  • MT5 mobile app
  • cTrader mobile app
  • Full trading functionality
  • Advanced charting
  • Price alerts
  • One-tap trading
  • Real-time quotes
  • Order management

Pepperstone offers exceptional platform variety: MetaTrader 4, MetaTrader 5, cTrader, and TradingView integration. Smart Trader Tools package enhances MT4/MT5 with 28 custom indicators and EAs. cTrader provides Level II depth of market and cTrader Automate for C# algo trading. TradingView allows execution directly from advanced charts. Free VPS hosting for qualifying traders.

Supported Platforms

  • MetaTrader 4 (MT4): Industry-standard platform with extensive EA support.
  • MetaTrader 5 (MT5): Advanced platform with more timeframes and order types.
  • cTrader: Premium platform for advanced traders with Level II pricing.
  • TradingView: Web-based charting with social features and Pepperstone integration.

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Frequently Asked Questions

Yes, Pepperstone is a highly trusted broker regulated by 7 authorities including 4 Tier-1 regulators: ASIC (Australia), FCA (UK), CySEC (Cyprus), and BaFin (Germany). Client funds are held in segregated accounts with negative balance protection. The broker has maintained a clean regulatory record since 2010.

Pepperstone has no mandatory minimum deposit. You can open an account with any amount. However, $200 is recommended for optimal trading conditions and meeting margin requirements.

Standard Account: Spreads from 1.0 pips with no commission. Best for beginners. Razor Account: Raw spreads from 0.0 pips with commission ($7 round turn on MT4/MT5, $6 on cTrader). Best for scalpers and active traders.

Razor Account commissions: $7.00 USD round turn per lot on MT4/MT5, $6.00 USD on cTrader, $7.00 on TradingView. Standard Account has no commission. Commissions are proportional for mini/micro lots.

No, Pepperstone does not charge any inactivity fees. There are also no deposit fees or withdrawal fees.

Pepperstone offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView integration. Smart Trader Tools package enhances MT4/MT5 with 28 custom indicators and EAs. Free VPS hosting is available for qualifying traders.

Yes, Pepperstone offers copy trading through DupliTrade, Myfxbook AutoTrade, and integration with MT4/MT5/cTrader signal services. You can copy experienced traders' strategies automatically.

Retail clients: Up to 30:1 on forex (ASIC/FCA/CySEC regulation). Professional clients: Up to 500:1 on forex. Higher leverage available through SCB entity for international clients.

Yes, Pepperstone offers free demo accounts with virtual funds to practice trading. Demo accounts are available on all platforms (MT4, MT5, cTrader, TradingView) with real market conditions.

Pepperstone's Active Trader Program offers cash rebates for high-volume traders based on monthly trading volume. Qualifying traders receive reduced trading costs, dedicated support, and additional benefits.
Lisa Martinez

Lisa Martinez

CFDs • Options • Derivatives

Author of this review

Lisa began her career on the trading floor in London dealing in options and futures. With expertise in complex derivative products, she evaluates CFD brokers and educates traders on hedging strategies and product offerings.

CFD & Derivatives Analyst — Everything you find on BrokerAnalysis is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback.

Risk Warning: Forex/CFD trading involves significant risk. 68-80% of retail accounts lose money.|Affiliate Disclosure: We may earn commissions from listed partners.|Not Advice: For educational purposes only.

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