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Pepperstone Review – Is it Legit? (May 2024)

Highly Trusted Broker, Great Starting Spread

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Overall Rating



Fees: Commission-Free, Low Starting Spread

Best For: Metatrader and cTrader platforms available + TradingView

Warning: Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Pepperstone is a major forex broker and a big player in the sector when it comes to the best forex brokers you can choose from. They have been in operation since being founded in 2010. The broker started out in Sydney, Australia but has evolved quickly into one of the best-known trading brokers around the world.

They combine an extremely well-regulated trading environment with low costs and a great degree of choice in terms of assets you can trade. This makes them a very popular choice with new and experienced traders alike and helps them stand out as a broker continuing to evolve at the very top of the industry.


  • ECN-Like execution is super-fast
  • Copy and social trading available
  • Very competitive starting spread from 0 pips


  • Only CFDs are offered
  • Fees on international wire transfer withdrawals



The regulation a broker has in place and from which regulatory bodies speak volumes about their reputation and how secure their trading environment actually is. Pepperstone realizes the importance of security and transparency in their operations, and so, alongside more than a decade of experience in trading, they provide regulation from some of the top bodies in the world.

The regulation comes from the FCA in the UK which also means the broker is completely ESMA compliant in Europe, ASIC in Australia which is both well-trusted and allows great flexibility in Pepperstone leverage that can be offered to traders, and the DFSA in Dubai.

Along with this top-tier regulation around the world, Pepprstone provides a number of additional protective features like segregated accounts for storing your money and only dealing with top tier banking institutions. Negative balance protection is also available as standard meaning you can never lose more than you deposit. Finally, you will be automatically entitled to ICF coverage that can provide compensation up to £85,000 in the event there is some unexpected financial problems or difficulties with the broker.

Investment Products


Different assets such as ETFs, commodities, and indices are all offered as CFDs and are largely commission-free with a competitive spread across the board.

Included in this offering is a strong range of 60 forex currency pairs. This includes all the major pairs and a great selection of both minor and exotic pairs to rival any of the other top forex brokers. The execution speed and rates on offer are also up there with the very best.

On top of this, you can trade CFDs on several commodities, many indices from around the world, with 18 major cryptocurrencies + 3 baskets including Bitcoin, Ethereum, and Litecoin as well as more than 900+ stocks in the most recognizable global companies that carry a very low commission to get started.

Commission & Fees


Pepperstone is flexible in terms of commissions and fees. Through a Pepperstone Standard account type, you will be able to benefit from commission-free trading in most assets with a marginally higher but still very competitive spread.

The Pepperstone Razor account type though is a very popular choice, particularly among more experienced or high volume traders. This allows for a spread starting at 0 pips with an industry-competitive commission of $7 per lot traded with lightning-fast ECN execution and the best rates from liquidity providers.

The choice is yours and either way the spreads and fees with the broker are excellent. Typically on major markets like the EUR/USD forex market, the spread can start from as low as 0.1 pips. If you are interested in stock trading, the commission charged here starts from $0.02 per share.

Other fees are limited too. You will only have to think about the overnight fee as charged by every broker if you want to hold your CFD position overnight. A conversion fee may also be charged if you deposit a currency that Pepperstone does not support as one of their base currencies though this fee is minimal. There is no inactivity fee with the broker, nor is there a fee on deposits. The only fee on withdrawals is $20 and only applies if you are making a withdrawal via international bank transfer.

Trading Platform


With Pepperstone you will be able to choose between trading on the biggest named trading platforms in the sector. Not only do they provide access to your choice of MT4 or MT5, but you will also be able to trade on the cTrader platform if you wish.

This offering helps Pepperstone stand above many in the industry as one of the most comprehensive you will find.

Of course, Metatrader 4 and 5 are both highly reputable trading platforms that provide excellent ability to customize your experience and come with dozens of built-in charting indicators and tools to help you gain insight. This, along with being very easy to navigate and user-friendly has driven the platform over the years.

If you are an experienced trader, particularly if you want to engage in scalping as is allowed by Pepperstone, then many choose cTrader. This is due to the fact their execution speed tends to be fractionally faster yet they still possess all of the same technical capabilities and best tools that you will find through another trading platform.

These trading platforms are available on desktop or as web trading platforms with mobile trading also available through Metatrader.

Lastly, you can gain access to TradingView’s advanced charting tools.

Customer Support


Pepperstone customer support is another area in which they excel. In fact, this was recognized in 2019 when they won an award for the “Best Customer Service in Europe” as one of more than 30 awards they have collected over the years.

You will find everything you need here to help you along with a detailed FAQ section to answer any questions you may have or the support team who are available through a number of mediums including email, phone, and their website based live chat service for a very fast response.

As well as being highly professional, support is provided in a number of languages meaning you should never be left with a question no matter where you are from.



An important area in your continued development as a trader, Pepperstone has put a lot of focus into making their education section as detailed and valuable as possible. This applies not only to new and beginner traders but also to those with higher levels of experience.

Here you will find an easy to navigate selection of written and video guides on all aspects of trading and what the platform and broker have to offer. These details can give you valuable information in all stages of your forex trading journey, and in terms that are easy to understand.

Furthermore, you will be able to access a solid range of webinars hosted by the broker and top industry professionals over time. This is another great chance to further enhance your knowledge and skills free of charge.



Overall, at Pepperstone you will find a very well-balanced broker with valuable experience in the industry that can provide a very secure, good-value place to trade in a wide range of markets.

They have curated their offering in such a way that it can appeal to all traders no matter the level of experience and provide both insight and value. They are extremely popular and for good reason.

With a great range of trading platforms, a positive learning environment, and commissions that can rival any other broker, there is no reason not to try out Pepperstone as your next broker of choice.