Last update: 19 June 2020
9 min read

Pepperstone Review

$200 Min. Deposit
N/A Bonus
Open account
Regulatory Body
Trading platforms
MT4, MT5, cTrader
Customer support
Phone, Email, Live Chat
Languages support
Num of instruments

Pepperstone Review

Our Pepperstone review explores one of the biggest Forex brokers in Australia, if not the world. The broker is well trusted, boasting thousands of active traders across the globe and having facilitated millions of trades for several years.

Pepperstone has also received several prestigious forex awards, which gives you a good idea of how reputable and renowned this broker is.

Pepperstone gives you the opportunity to trade over 150 instruments, be it currencies, crypto, indices, or many other markets. It’s an excellent choice for most traders, whether you’re just starting out or you already have some experience in the industry.

Check out our review of Pepperstone below to learn about this online broker’s account types, fees, bonuses and more.


  • ProHighly regulated broker in multiple jurisdictions
  • ProOpportunity to trade over 150 financial instruments
  • ProExcellent webinars in the educational section
  • ProForex, Cryptocurrencies, CFD markets all available
  • ProBest broker for enhancing the education of new traders


  • ConNo proprietary trading platform available
  • ConCFDs trading portfolio is limited

Company informationCompany information

Pepperstone was founded in 2010 by a team of professional traders in Melbourne, Australia. They have since become one of the largest brokerages in Australia, processing over $12.5 billion worth of trades every day and with over 70,000 traders around the world.

With this broker, you will have access to the currency market, CFD markets, commodities, cryptocurrencies, as well as the US dollar Index.

Our Pepperstone review team found that the broker has received several awards and accolades from all over the world, including being recognized as one of the best Australian brokers on several occasions.

Pepperstone regulation and licensingPepperstone regulation and licensing

Pepperstone is regulated by both the Financial Conduct Authority in the United Kingdom and the Australian Securities and the Investments Commission. This gives them global appeal, as their UK credentials allow them a foothold into Europe, and also shows how committed they are to ensuring their traders always feel secure.

The FCA and ASIC are two of the most stringent regulators in the world when it comes to investments. You can rest easy knowing that Pepperstone has met their rigorous standards when it comes to trader protection and safety.

It should also be noted that the broker subscribes to the accompanying insurance schemes that protect clients in the case of some type of liquidation of the firm itself. In other words, your deposits are backed by local government-regulated insurance. With this, you needn’t worry about whether or not you’ll be able to retrieve your funds if the broker becomes insolvent.

Account typesAccount types

Our Pepperstone review discovered that this online broker offers two different account types, the Razor and the Standard account.

Both account types will offer access to a world of markets and institutional grade spreads, yet there are some minor differences.

To give you an idea of the difference between the two, consider the EUR/USD spread. The average spread the Standard account is 1.0 to 1.3 pips, whilst the Razor account offers spreads of 0.0 to 0.3 pips. Both are obviously very tight, so it comes down to your needs as a trader.

The low spreads on the Razor account are due to the fact that you will be charged a commission rate if you opt for this account type. Commission rates start at AU$7 per each 100k traded round turn. ($7.53 round turn in USD.)

As a general rule, the Razor account is best if you are a scalper or want to focus on automated forex trading bots. Our Pepperstone review found that the Standard account is perfect for newer traders.

Pepperstone also offers demo accounts, which allow you to test drive the broker and practice your trades. Free demo trading is unlimited if you have live accounts. For those who don’t, the demo account resets every 30 days.

Pepperstone trading costsPepperstone trading costs

In comparison to other top forex brokers, Pepperstone keeps trading costs relatively low. Commissions are cheap, as mentioned previously and of course, you can always choose to simply pay a small stretch of the spread. As far as either is concerned, it’s going to come down to personal preference. Both represent great value and certainly won’t stand in the way of your trading potential.

As Pepperstone offers over 150 trading instruments, overnight rates vary depending on which instrument you wish to change. A quick inspection by our reviewers showed that Pepperstone’s rollover rates are also very competitive and you can find out these costs with ease. Simply right-click on the instrument in the trading platform to get to that information.

Pepperstone payment methodsPepperstone payment methods

Pepperstone offers quite a few different ways to fund your trading account. You can use Visa, MasterCard, PayPal, Skrill, POLi, Bank Transfer, BPay, Neteller, and Union Pay. All transactions are made via the secure client area, which uses SSL encryption to protect your personal details.


Withdrawals are paid out via the method by which you deposited. Whilst Pepperstone does not charge withdrawal fees themselves, any transfer fees imposed by a payment provider will be passed on to you. International transfers, for instance, may cost you AU$20.

Any withdrawals requested via bank transfer will typically take 3 to 5 working days to reach your account, whilst e-wallet services may be quicker.

Pepperstone trading bonusesPepperstone trading bonuses

Pepperstone does not currently offer a bonus for new clients. Our review team found this to be admirable, as it shows the broker is more concerned with protecting its clients than trying to make a profit from enticing new traders.

The broker does, however, offer a rebate program for active traders. You can become a Tier 1 active trader if you are outside of the EU (or a Professional EU client), and you are trading between 200 and 500 lots per month. This qualifies you for a 15% rebate per lot, meaning that you will have a typical monthly rebate of anywhere from $200 to $500. If you trade over 500 lots per month, you will become a Tier 2 active trader. At that point, you will be assigned a premium client manager that will negotiate the rebates with you. Those who are considered to be active traders also get a free VPS hosting as well as advanced insights and reports from Pepperstone analyst.

Pepperstone trading platformsPepperstone trading platforms

Our review team found the Pepperstone website very easy to navigate and intuitive. All the information you need can be found in a few clicks, and the registration process is straightforward.

Pepperstone offers the Metatrader 4 and 5 forex trading platforms, as well as cTrader. These are all well-known platforms used by hundreds of thousands of traders around the world, giving a sense of familiarity to anybody who has done a bit of trading.

It should also be pointed out that natural gas is not available on cTrader. Beyond that, most experts, including our own Pepperstone review team, consider these platforms to be the best in the industry to date.

Mobile compatibilityMobile compatibility

Pepperstone has long been considered to be one of the best mobile brokers. The website is very responsive, offering you an identical trading experience from a desktop, mobile or tablet.

You can trade with Pepperstone on mobile via the Metatrader 4 and 5 apps. These are well known and battle-tested pieces of software that offer complete functionality on all devices. Unfortunately, cTrader doesn’t offer a mobile app, but you can use the platform from within your mobile browser.

Education and trainingEducation and training

Pepperstone has a wide range of online resources, trading guides, and even expert webinars. Two of the most popular courses at the site are the “Learning to trade Forex” course, which covers the basics of technical and fundamental analysis, and the “Learn to trade CFDs” course, which teaches you how to trade those markets.

The “Forex trading course” offers videos hosted by some of the world’s most famous forex traders. These give you an in-depth insight into trading successfully, as well as trading strategies.
When you look at the long list of webinars available at Pepperstone, it reads like a “Who’s Who” of online forex trading. For example, you can view videos presented by Daryl Guppy, Linda Raschke, and Boris Schlossberg, just to name a few. This offers you a wealth of expert information at your fingertips.

Pepperstone customer supportPepperstone customer support

Pepperstone offers award-winning customer support services, which are available 24 hours a day, 5 days a week.

Customer support is available through email, live chat, and telephone. Pepperstone also has a huge FAQ guide which our review team found to be very useful, especially for new traders.

Pepperstone – Our verdictPepperstone – Our verdict

Pepperstone has expanded significantly since its establishment in 2010, which is a sign they’ve been doing something right. Our Pepperstone review has revealed that they’ve actually been getting almost everything correct.

This broker is heavily regulated, boasts a wide range of markets, two appealing account types, and leading trading platforms. All of this adds up to a solid and trustworthy broker, which keeps itself head and shoulders above the competition.

You can sign up for a Pepperstone account with ease, so why not try it out now to start reaping the benefits of this high-quality broker.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% 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.

Frequently asked questions (FAQ)

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