Pepperstone review
4.8/5

Pepperstone review

✅ More than 1200 Instruments
✅ Fast Execution in Under 30ms
✅ Regulated and Licensed
✅ Best Broker for Active Traders

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OverallCommissions & FeesLicensing & SafetyPlatforms & Tools
Points92949198
*To test the broker, we used our unique and detailed methodology, which assesses over 200 criteria points in 10 key areas.

OverviewFees and commissionsSafetyOpening an accountAccount typesTrading PlatformsMarkets and productsResearch toolsEducation and trainingCustomer supportOur verdict

After detailed research, our Pepperstone review team can confirm that this is a highly reputable and well-regulated broker with a track record dating back to 2010. Pepperstone prides itself on its low spreads and superior technology, which you can enjoy across two accessible account types. You’ll also benefit from strong client protection measures, as well as licenses from FCA, CySEC, DFSA, SCB, BaFin, CMA and ASIC. Over the years, Pepperstone has earned honors from Deloitte, Investment Trends, and others, providing even more confidence in the broker. To give you an idea of its reach, Pepperstone has more than 99,000 traders worldwide and processes $9.2 billion in daily trades on average.

Pros
  • More than 1200 instruments
  • Enjoy fast execution in under 30ms
  • Regulated and licensed by FCA, ASIC, CySEC, DFSA, SCB, CMA & BaFin
  • Best broker for active traders
Cons
  • Not licensed for American traders

Pepperstone overall scores

In this review, you can find all the information you need to decide whether Pepperstone is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how Pepperstone scored in each of our high-priority categories.

Pepperstone fees and commissions

You will notice in our Pepperstone review that most account types do not carry commissions. Instead, Pepperstone charges spreads which are on the competitive side of average for all instruments. Impressively, Pepperstone doesn’t impose any non-trading fees. You can deposit and withdraw freely, and you won’t incur charges for leaving your account inactive. Overall, Pepperstone is a great option for low-cost trading.


Our experts have reviewed Pepperstone’s fees based on how they compare with the fees of other reviewed brokers. For each broker, we analyze both trading fees and non-trading fees:

–      Trading fees are charged every time you place a trade. They include spreads, commissions, overnight and rollover fees, and currency conversion fees.

–      Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker. They include payment fees and inactivity fees.

Below you will find a snapshot of the fees charged by Pepperstone. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either.

Trading Fees*
TYPE OF FEECOST
Minimum Spread EURUSD (pips)0.6
Commission (%)0%
Commission on Islamic Accounts (%)0%

*Based on Standard account type.

Non-Trading Fees
Account FeeN
Inactivity FeesN
Deposit FeesN
Withdrawal FeesY

Pepperstone trading fees

Pepperstone operates on a transparent, variable spread system, listing both the average and the minimum spread for each asset. This allows you to accurately estimate how much it will cost you to trade with the broker.

While the minimum spreads are the same for the same accounts in different countries, there are some variations to the average spread, although not with all instruments.

For example, the following are example spreads for EUR/USD:

  • Razor account minimum spread: 0 pips
  • Standard account minimum spread: 0.6 pip
  • Razor account average spread: 0.17
  • Standard account average spread: 0.77

The following are the spreads for AUD/CAD, where there are variations:

  • Razor account minimum spread: 0 pips
  • Standard account minimum spread: 1 pips
  • Razor account average spread: 0.87
  • Standard account average spread: 1.87

Pepperstone also offers attractive spreads across all account types for other assets. These spreads are also variable which allows you to take advantage of lower trading fees at times of high liquidity.

  • Index CFDs from as low as 0.3 pips
  • Commodities: Cotton from 0.16 pips, Orange juice from 0.34 pips, Coffee from 0.3 pips
  • Metals from 0.5 pips
  • Energies from 0.5 pips
  • Cryptocurrencies – depends on the asset

Pepperstone commissions

Pepperstone does not charge commissions on Standard account yet Razor account holders should expect extra fees. The commission structure varies depending on which trading platform you use, and works as follows:

  • MT5 Razor accounts – $0.08 per 0.01 lot round turn,  $7 per 1 lot round turn
  • MT4 Razor accounts– $0.08 per 0.01 lot round turn,  $7 per 1 lot round turn

If you use cTrader with a Razor account, the commission is slightly more complicated, although still very competitive. There is a 6 USD round trip unit charge for each lot, charged to the first currency in the traded pair. Pepperstone converts this commission to USD or your account’s base currency using the market rates.

You should also consider Pepperstone’s Active Trader program, which allows you to earn rebates on forex cash and save on commissions. The Active Trader program has volume requirements, which you must meet over a three-month period. There are three tiers of rebates:

  • Tier 1: Trade 100 FX lots and earn a rebate of 10% per lot
  • Tier 2: Trade 200 – 500 FX lots and earn a rebate of 15% per lot
  • Tier 3: Trade 500+ FX lots and earn higher rebates, upon contacting your premium client manager

Financing/overnight rates

Unlike with other brokers, Pepperstone has clear overnight swap rates. You can view the swap rates directly on the platform that you choose to trade with. The overnight rates from Pepperstone are the benchmark regional interest rate of the underlying product, adjusted by Pepperstone’s fixed 2.5% charge.

Non-trading fees

Our Pepperstone review can confirm that this broker offers lower than average non-trading fees as they are essentially non-existent. Pepperstone is one of the rare brokers that does not charge an inactivity fee, nor do they charge for deposits or withdrawals.


Pepperstone safety

Thanks to industry-leading regulation and security measures, our review of Pepperstone shows that this is a safe broker to trade with. Pepperstone boasts two top-tier licenses, from ASIC in Australia and the FCA in the UK and Europe, which provide you with confidence no matter where you are based. Pepperstone also offers you an automated stop-out policy, stores your funds in segregated client funds and has a clean and positive reputation.

Pros
  • Regulated by FCA, ASIC, CySEC, DFSA, SCB & BaFin, CMA
  • Segregated client funds
  • Investor protection for EU clients
Cons
  • No negative balance protection for Pro clients

Pepperstone licenses and regulation

As mentioned, Pepperstone is licensed and regulated by two major regulatory bodies. UK and EU traders trade with the FCA regulated arm of the broker, whilst if you are in Australia or the rest of the world, you will trade with the ASIC registered side. Pepperstone is also regulated by two second-tier authorities, DFSA and SCB.

  • Pepperstone Group Limited is regulated and licensed by the Australian Securities and Investments Commission (ASIC), under ASFL license number 414530 and ACN number 147 055 703.
  • Pepperstone GmbH is based in Federal Republic of Germany and regulated by the Federal Financial Supervisory Authority (BaFIN) under registration number 151148.
  • Pepperstone Markets Kenya Limited is licensed and regulated by the Capital Markets Authority (CMA) Licence No.128
  • Pepperstone EU Limited is registered in Cyprus under Company Number HE 398429 and is authorised and requlated by the Cyprus Securities and Exchange Commission.
  • Pepperstone Limited is regulated and authorized by the Financial Conduct Authority (FCA). It has registration number 684312 with the FCA. Additionally, Pepperstone Limited is registered in England and Wales as a limited company with Company Number 08965105.
  • Pepperstone Financial Services (DIFC) Limited is regulated by the DFSA under license number F004356, and is registered at Al Fattan Currency House, Tower 2, Level 15, Office 1502 A, P. O. Box 482087, DIFC, Dubai, United Arab Emirates.
  • Pepperstone Markets Limited is lois licensed and regulated by the Securities Commission of The Bahamas (SCB), under license number SIA-F217

Is Pepperstone safe?

Our review methodology considers several factors to ensure that all of our recommended brokers are safe and reputable. Alongside the number and strength of licenses, we also consider:

  • What protection and/or insurance Pepperstone offers should something go wrong
  • Pepperstone’s reputation, history, and management

Pepperstone client protection

In addition to checking the validity of licenses, our review team also investigated which Pepperstone clients benefit from investor protection. We found that if you are trading from the UK or Europe, you will be covered. Unfortunately, this insurance isn’t extended to traders in Australia or elsewhere in the world.

Client Protection

CountryLegal EntityProtected Up ToRegulators
United KingdomPepperstone Limited£85,000FCA
Australia and Rest of WorldPepperstone Group LimitedNo Protection OfferedASIC
Australia and Rest of WorldPepperstone Group Limited€20,000CySEC
Australia and Rest of WorldPepperstone Group Limited€20,000Bafin

Pepperstone background and reputation

For the best interests of clients and in compliance with FCA and ASIC regulations, Pepperstone stores client funds in segregated accounts. This ensures that your funds will not be used to pay creditors in the unlikely event that Pepperstone becomes insolvent. Furthermore, the segregated client funds are stored in tier-one banks, providing the utmost protection.

Pepperstone is based in Melbourne, Australia, which is where the broker was founded. Established in 2010, the broker has a full decade of industry experience. This longevity also proves that the broker is reliable and responsible, as in this period Pepperstone has weathered various global economic challenges and have still managed to succeed.

Additionally, Pepperstone has a 4.5-star rating from Trustpilot and the company also undergoes independent auditing from Ernst and Young.


Opening an account with Pepperstone

Opening an account with Pepperstone is a simple and straightforward process. It should only take a few minutes, and you can complete the entire process online. The minimum deposit is accessible at $200, and you are able to choose from a multitude of international payment options to fund your account.


Is Pepperstone available in your country?

Pepperstone is available in most countries around the world. However, it is not available in Afghanistan, American Samoa, Antarctica, Argentina, Armenia, Azerbaijan, Belarus, Belgium, Belize, Bhutan, Bosnia and Herzegovina, Burundi, Cameroon, Canada, Central African Republic, Chad, Congo, Congo, Democratic Republic of the, Côte d’Ivoire, Eritrea, French Guiana, French Polynesia, Guadeloupe, Guam, Guinea, Guinea-Bissau, Guyana, Haiti, Holy See, Iran, Iraq, Japan, Kazakhstan, Lebanon, Liberia, Libya, Mali, Martinique, Mayotte, Mozambique, Myanmar (Burma), New Zealand, Nicaragua, North Korea, Palestine, State of, Puerto Rico, Russia, Réunion, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, Somalia, South Georgia and the South Sandwich Islands, South Korea, South Sudan, Sudan (North), Suriname, Syrian Arab Republic, Tajikistan, Tunisia, Turkmenistan, Turks and Caicos Islands, United States of America, Uruguay, Vanuatu, Venezuela (Bolivarian Republic of), Virgin Islands (U.S.), Western Sahara, Yemen, Zimbabwe. The broker additionally notes that it is not available in countries where it would be against the local laws.

It is worth noting that if you are in trading from within the UK or Europe you cannot register using the Australian website.

How to open an account at Pepperstone

You can review Pepperstone’s account options online and on mobile, and register via those devices too. Our experts completed the sign-up process and were happy to report that it took less than five minutes. The following steps are all you need to do to open an account.

To make things even easier, Pepperstone also allows you to log in via your Facebook or Google account. Our reviewers also appreciated that the bulk of your details can be entered after you’ve created an account, allowing you to pause the process and come back to it when you want.

What you will need to open an account

When opening your Pepperstone account, have the following information and documents on hand:

  • Personal information – Full name, email address, phone number, address, and tax identification number.
  • Regulatory information – Employment details, income details, trading aims and knowledge (as part of a seven question questionnaire to assess how suitable your derivative trading skills are).
  • Documentation – A photo ID and proof of address. The photo ID can be a national ID card, driver’s license, or passport. The secondary ID must have your full address and full name, and it must be from the past six months with a date to prove this. You must upload color images of these documents, and you can use your smartphone to do so.

To open an account with Pepperstone, you’ll need to provide proof of identity and proof of address. This process allows Pepperstone to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices such as money laundering.

What is the minimum deposit at Pepperstone?

The minimum deposit for opening both the Standard and Razor accounts is $200 or 200 units of the base currency. For example, this is 200 AUD in Australia and 200 GBP for those in the UK.

To qualify as a premium client, you must have at least $15 million in notional volume in FX, commodities, or CFDs for two consecutive calendar months.

To qualify as a Pepperstone Pro client in Australia, you must have net assets of $2.5 million AUD or have a gross income for the past two years of $250,000 AUD. Pepperstone Pro clients in the UK and Europe must instead meet two of three criteria: 1) have placed at least 10 trades of significant size each quarter of the past year, 2) have a portfolio with at least €500,000, and 3) have been a financial sector professional using derivative trading for a year or more.

Pepperstone payment methods

The available payment methods at Pepperstone depend slightly on your region. In the United Kingdom and Europe, only cards and bank transfers are accepted. Various e-wallets are also available in Australia. You can choose from the following base currencies: AUD, USD, JPY, GBP, EUR, CHF, NZD, SGD, and HKD, although not all are available in all regions. For example, in the UK, the only base currency options are GBP, USD, EUR, and CHF.

Payment Methods

METHODDEPOSITING TIMEACCEPTED CURRENCIESDEPOSITING FEEMAX. DEPOSITWITHDRAWALWITHDRAWAL TIMEMINIMUM WITHDRAWALWITHDRAWAL FEE
VisaInstantAUD, USD, JPY, GBP, EUR, CHF, NZD, SGD, HKDN/AYTypically the same dayNoneN/A
MasterCardInstantAUD, USD, JPY, GBP, EUR, CHF, NZD, SGD, HKDN/AYTypically the same dayNoneN/A
Bank Transfer1 – 5 business daysAUD, USD, JPY, GBP, EUR, CHF, NZD, SGD, HKDN/AY1 – 5 Business days$80N/A
POLiInstantAUD, USD, JPY, GBP, EUR, CHF, NZD, SGD, HKDN/AYInstant$5N/A
BPayInstantAUD, USD, JPY, GBP, EUR, CHF, NZD, SGD, HKDN/AY2 Business days$5N/A
PayPalInstantAUD, USD, JPY, GBP, EUR, CHF, NZD, SGD, HKDN/AY2 Business days$5N/A
NetellerInstantAUD, USD, JPY, GBP, EUR, CHF, NZD, SGD, HKDN/AY2 Business daysNoneN/A
SkrillInstantAUD, USD, JPY, GBP, EUR, CHF, NZD, SGD, HKDN/AY2 Business daysNoneN/A
Union PayInstantGBP, USD, EUR, CHFN/AY2 Business daysNoneN/A

Pepperstone account types

Our Pepperstone review team found that the forex broker offers two main types of accounts, Standard and Razor, which are suited to all levels of traders. Additionally, Premium accounts are available in Australia, and Professional accounts are available to those who sign up with either the FCA or ASIC regulated versions of Pepperstone, although the requirements are slightly different for each version. Demo accounts are also available to help you practice your trading.


Account Types

STANDARDRAZOR
Minimum Deposit$200$200
Max LeverageUp to 500:1 for qualifying professional clients.Up to 500:1 for qualifying professional clients.
Minimum Order Size0.01 lots0.01 lots
SpreadsFrom 0.6 pipFrom 0.0 pips
CommissionN/AFrom $0.04 per 0.01 lots
Available Instrument TypesForex, Index CFDs, Share CFDs, Commodities, Currency Index CFDs, Crypto, Spread bets (UK only)Forex, Index CFDs, Share CFDs, Commodities, Currency Index CFDs, Crypto, Spread bets (UK only)
Available Instruments1,200+1,200+
Trading PlatformsMetaTrader 4, MetaTrader 5, cTraderMetaTrader 4, MetaTrader 5, cTrader
Automated TradingYY
Execution TypeSTPECN*

*Pepperstone does not consider itself to be a true ECN or STP broker, nor a true market maker. Pepperstone considers itself a non-dealing desk broker due to its lack of proprietary trading book and reliance on pricing from external liquidity providers

Demo accounts

Our Pepperstone broker review team strongly suggests that you use a demo account before trading real money in a live account. The demo account is available for 30 days and includes up to $50,000 of virtual funds.

Whilst there is a standard 30-day limit on demo accounts, you can contact Pepperstone to extend this or to gain access to the account indefinitely. Pepperstone also allows you to open more than one demo account at a time. This lets you get around the 30-day limit while simultaneously testing different strategies. Creating an additional demo account only requires going to your Account page, selecting the Demo tab, and clicking the plus sign on the right of the page.

Islamic accounts

Islamic accounts are available from Pepperstone, but only in select jurisdictions. We suggest that Muslims who want to trade with Pepperstone contact the broker immediately after creating their account.


Pepperstone trading platforms

As you review Pepperstone’s trading platforms, you will find three main choices, along with support for social trading platforms and partners. Pepperstone offers MT4, MT5, and cTrader, Trading View, all of which are available on both Standard and Razor accounts. All three platforms are also available on mobile or desktop. Additionally, Pepperstone partners with various copy trading platforms, depending on the region, for example with DupliTrade and MetaTrader signals in the UK, and with MyfxBook, Meta Trader Signals and DupliTrade in Australia.


Pepperstone offers three trading platforms. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools, too.

To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of Pepperstone’s trading platforms. When doing so, they considered a range of factors, including how easy the platforms are to use, what features each trading platform offers, and how suited each platform is to different types of traders.

Trading Platforms

CTRADERMETATRADER 4METATRADER 5
Instrument ClassesForex, CFDsForex, CFDsForex, CFDs
Number of Instruments1,200+1,200+1,200+
Number of Order Types42 pending3 pending
Number of Indicators70 preinstalled and unlimited to download28 (85 on desktop)38
Number of Drawing Tools52447
Robots/EAsYYY
Social/Copy TradingYYY
DownloadableYYY
Browser CompatibilityYYY

cTrader

If you do not have prior trading experience or a preference for MetaTrader, then our experts recommend reviewing Pepperstone’s cTrader platform. It offers plenty of customization, education, and analysis tools. cTrader also includes market depth and other features to mimic the institutional trading environment.

Take advantage of the advanced order and risk management features to further customize your trading experience. If you want extra freedom you can also enjoy the open API and coding in C#.

When you use indicators and expert advisors with cTrader, you will notice they are already optimized for different markets. You’ll also benefit from multiple take-profit orders, and cTrader Automate. Formerly named cAlgo, this tool allows you to backtest trading strategies.

The combination of complex functionality and simplicity means that we recommend cTrader to traders of all experience levels. The detailed trade analysis feature is particularly useful as it helps you understand your weaknesses and strengths. As a bonus, the platform even has educational videos.

MetaTrader 4

If you prefer a familiar platform, then our Pepperstone broker review team suggests you consider using MetaTrader 4. This is the most popular forex and CFD platform in the world and it’s easy to see why. MT 4 provides real-time charts, live quotes, in-depth analytics, and news. It also supports Expert Advisors, dozens of indicators, and many order management tools.

You can customize MT4 to meet your needs, use EAs and backtest strategies. The desktop version comes with 85 pre-installed indicators. You also get 28 extra Smart Trader Tools, plus nine timeframes.  MT4 is also compatible with thousands of online tools and supports Autochartist integration.

Choose your preferred chart setup to efficiently trade and control your positions. The platform supports dozens of languages and can be used on mobile devices and desktop.

MetaTrader 5

MetaTrader 5 is a great alternative to MetaTrader 4 if you want a familiar platform with additional features. MT5 gives you 21 time frames and permits stop limit orders, something which cannot be done with MetaTrader 4. MT5 also features a built-in fundamental economic calendar and a built-in MQL5 Community Chat with an email system.

Many experienced traders find it easier to code while using MQL5, which is available in MT5. Compared to MQL4, MQL5 has a similar syntax to C++ for a reduced learning curve, better debugging tools, object-oriented programming, and advanced events management. MT5 also features more advanced platform customization than MT4, and it optimizes indicator and EA processing. Using MetaTrader, you can have up to 500 orders open at once too.

As with MT4, Pepperstone’s MT5 supports dozens of languages and works across desktop and mobile devices.

What is the execution policy at Pepperstone?

Pepperstone does not neatly fit into any execution policy category; the broker considers itself to be a non-dealing desk broker yet it is closest to an ECN broker. Our experts give it this classification as it takes pricing from liquidity providers and does not have a trading book of its own.

The maximum lot size in a single trade is 100 lots and you can have up to 200 trades open at once. The broker also offers fifth decimal pricing (third decimal on JPY pairs) to reduce slippage. Most orders are executed in less than 30 millisecond.


Pepperstone markets and products

Our review of Pepperstone found that the broker offers forex, indices, equities, commodities, energy, and cryptocurrencies*, most of which are offered in the form of CFDs. Additionally, in the UK and Ireland, Pepperstone offers spread betting. In general, this is on par with the number of instruments and asset classes offered by similar brokers.

Additionally, Pepperstone provides its traders with margins based on their account type. *up to 500:1 for qualifying professional clients.

*Availability subject to regulations

Currency pairs

Trading currency pairs with Pepperstone gives you access to the most liquid market in the world. Available pairs include majors, minors, and exotics and, depending on your account type, and jurisdiction you can enjoy a leverage of up to 400:1 for retail clients and up to 500:1 for qualifying professional clients. Choose from currency pairs that include USD, EUR, JPY, GBP, CHF, CAD, AUD, and NZD, among others.

Commodities

In terms of commodities, Pepperstone gives you access to trading coffee, cotton, sugar, orange juice, cocoa, and energies as CFDs. Our Pepperstone review team appreciates that you can trade as little as 10c per pip for energy trading, without commission and with leverage as high as 50:1 depending on jurisdiction and account type. In terms of energy, you can trade XTIUSD, XBRUSD, or XNGUSD with spreads as low as 0.5, 0.7, and 0.6 pips, respectively.

Precious metals

Our Pepperstone forex broker review also points out that you can trade precious metals, including metal pairs that are traded against the euro, US dollar, or Australian dollar. Trade silver or gold, with contract sizes for XAU starting at just 100 ounces and at 5,000 ounces for XAG. Enjoy margins from 0.2%. You can also trade platinum and palladium against the USD from 100 ounces with margins from just 1%.

Indices

If you review Pepperstone forex broker CFDs offerings, you will find indices from around the globe. The index CFDs let you trade 14 major stock market movements worldwide without a dealing desk. These index CFDs include stock markets from Asia, Australia, Europe, and the United States, giving you plenty of diversification options. There is also low latency and no requotes to worry about. Leverage can be up to 200:1 depending on jurisdiction and account type.

In addition to the stock market index CFDs, you can also trade currency index CFDs with Pepperstone, including the USDX, with leverage as high as 100:1 depending on jurisdiction and account type. This index features six currencies in a basket measured against the USD.

Pepperstone also encourages clients to use index CFDs for hedging other positions.

Stocks and shares

Shares are another type of CFDs available at Pepperstone. Commissions start at just $0.02 per share, giving you a convenient way to expand your portfolio. This is another way that Pepperstone lets you hedge your positions as you can go short or long.

Cryptocurrencies

You can enjoy leverage as high as 10:1 depending on jurisdiction when trading any of the 18 cryptocurrencies and 3 Crypto Indices, such as Bitcoin, Ethereum, Bitcoin Cash, Dash, or Litecoin. There are no commission fees and, as you trade cryptocurrencies as CFDs, so you do not have to set up a cryptocurrency wallet. You can also hedge on just one account. Please note, the availability of cryptocurrencies is subject to regulations.

Social trading

Depending on your region, Pepperstone partners with DupliTrade, MyFxBook, MetaTrader Trading signals.

DupliTrade is a strategy marketplace. Using this social trading feature requires a minimum deposit of $5,000, and it is compatible with demo accounts.


Pepperstone research tools

As you review Pepperstone broker’s research tools, you will find features that can enhance your trading, whether you are a beginner or an experienced trader. Our experts were impressed by the above-average number of tools and the fact rarer tools are available. At Pepperstone, you can use Smart Trader Tools, cTrader Automate, Autochartist, API trading, market analysis, an economic calendar, and more.


Pepperstone Research Tools
News (from top-tier sources)Y
Trading Signals and IndicatorsY
Trade IdeasY
Expert AnalysisY
Autochartist ToolsY
Sentiment ChartsY
Economic CalendarY

News

If you prefer to skim the market news, The Daily Fix lets you quickly review major events with some expert analysis mixed in. The Financial Events page focuses on major events, including a Week Ahead segment.

For more detailed news, visit the Market News page. The page features thorough articles written by Pepperstone experts, including the impact of the news on the relevant markets. To supplement this, Autochartist integration also provides daily market reports.

Trading signals and indicators                             

MetaTrader signals are available for all Pepperstone clients and are simple to incorporate. You can use them to diversify your trading by implementing more than one strategy from multiple signal providers. Some signals are free, and others have low fees. For complete control, you can close trades, change the stop-loss, get rid of strategies, or adjust the capital allocation whenever you want.

You will also find plenty more indicators as you review Pepperstone’s Smart Trader tools. This set contains 28 smart trading applications and numerous indicators. Indicators include bar changer, candle countdown, chart group, chart-in-chart, donchian, freehand, gravity, high-low, Keltner, magnifier, mini chart, order history, pivot point, Renko, and symbol info.

Trade ideas

Although our review of Pepperstone did not find an explicitly labeled Trade Ideas section, the broker provides this information in other ways. Trade ideas are mixed into the market news, expert analysis, and trading signals.

Expert analysis

We encourage you to review Pepperstone’s Market Analysis page regularly. This is where you will find coverage of high-impact economic events along with videos and articles from the broker’s experts.

Visit the Trading Charts page to consult trade insights and analytics from the team’s experts. You can view information and charts, complete with indicators and drawing tools already in use, for specific instruments.

Some of the advanced market insights are only available to premium account holders at Pepperstone.

Autochartist tools

Our forex broker review team strongly appreciates that Pepperstone gives you Autochartist tools for free. The Autochartist market scanner finds statistically significant market movements and important price levels.

Probability filters show the market events that have significant trading value based on six months of back testing using historical data. There is even a drop-down list that lets you choose the minimum values and patterns you want to find.

The Autochartist Risk Calculator shows you predicted market movement ranges for one, four, and 24 hours. It also helps guide your trading volume, so you stay within your desired risk tolerance. Autochartist for Pepperstone also includes technical indicators with automatic notifications, volatility analysis and daily market reports. All of the Autochartist alerts are built right into the Pepperstone MetaTrader platform.


Pepperstone education and training

No matter your experience with forex and CFDs, or lack thereof, Pepperstone has educational materials to improve your knowledge. The broker offers a series of articles on the basics of learning to trade forex, webinars, videos of past webinars, trading guides, a course on using MetaTrader 4, and live forex trading courses. Our experts were also pleased to discover that, if you review Pepperstone’s educational section and cannot find what you want, the broker encourages you to contact them.


Pepperstone Educational Features
Demo AccountY
Platform Tutorial VideosY
Educational PDFsY
Live WebinarsY
YouTube VideosY
Trading AcademyY
Trading GlossaryY

Platform tutorial videos

At Pepperstone, there is an entire education section dedicated to using MetaTrader 4. However, there are no tutorial videos for using MetaTrader 5 or cTrader.

You can view 10 videos showing how to use MetaTrader 4, from the basics to using a VPS to help you make smarter trades.

Whilst it would be nice to have video tutorials for the other platforms, the tutorials for MT4 should be enough for most traders. Once you master MT4, using the others should be intuitive as they share many of the same features.

Educational PDFs

Pepperstone’s educational PDFs come in the form of trading guides for various skill levels. Technically, they are detailed articles on the Pepperstone website instead of PDFs available for download. Given the length and detail in these articles, however, our Pepperstone review team feels that they are just as helpful as the PDFs offered by other brokers.

You will find beginner topics such as “How to trade CFDs” and “What are swaps in forex and how are they calculated?” as well as intermediate topics such as “What trader type are you?” and “How is our spot crude price calculated?” There are also advanced topics, such as tips for making the most of your Expert Advisors.

In addition to educational PDFs, Pepperstone also has articles for beginner traders. You can find topics such as how forex trading works, trading terms to know, other instruments, fundamental analysis, risk management, pip values, technical indicators, and technical analysis.

Live webinars

Most of the live webinars are available to all Pepperstone clients, regardless of account type. Past topics include “How to trade gold and forex majors,” “Forex scalping and price action strategies during volatility,” and “MT5 advanced forex trading strategies.” You can view these past webinars on YouTube, without any need to log into your account.

Some of the events, workshops, and seminars are only open to premium and/or professional account holders.

YouTube videos

As mentioned, past webinars from Pepperstone are available as YouTube videos, and you do not even need to sign in to your account to view them. The Pepperstone YouTube channel also features some of the other videos you can find on the broker’s website, including past looks at the week ahead, and extensive educational and training videos.

Trading academy

Pepperstone occasionally hosts trading academies, such as the Trade Fest 2019. This was a weekend of free online webinars led by experts. It featured nine different webinars, all of which you can view on the Pepperstone website or the broker’s YouTube page. In this way, the trading academy is always accessible, even though Pepperstone has not yet announced another similar weekend.

Trading glossary

The trading glossary from Pepperstone is relatively small. It comes in the form of an article explaining the 10 most important terms. You can also find some additional definitions throughout the website on asset class pages or the FAQ section.


Pepperstone customer support

Pepperstone reviews from clients tend to be favorable in terms of customer support, and our review team confirmed that this is accurate. Pepperstone offers 24/5 customer support via live chat, phone, and email. There are also country-specific contact numbers available for those who prefer to talk to the customer support team in their language.

Pros
  • 24/7 support
  • Support via phone, live chat, or email
  • FAQ section
Cons
  • Support is only available in 10 languages

You can contact Pepperstone customer support in the following ways:

  • Live chat
  • Message form
  • Email: [email protected]
  • Toll-free Australia phone: 1300 033 375
  • Toll-free UK support: 0800 046 5473
  • International phone support: +613 9020 0155 or +44 800 0465473
  • Australian office: Level 16, Tower One, 727 Collins Street, Melbourne, VIC Australia 3008
  • British office: 70 Gracechurch St., London, United Kingdom, EC3V 0HR

If you choose to leave a message for Pepperstone support via the form on the broker’s website, you will need to leave your full name and email address. You have the option of leaving your cell phone number, as well. Pepperstone responds within 24 hours to these messages.

The wait time for phone support and live chat is minimal, and the staff that we connected with were knowledgeable and ready to answer our questions.

Support is also readily available via mobile devices. In this case, you can find the relevant contact information, including the live chat capabilities, on the Pepperstone website.

Pepperstone mobile compatibility

If you like to trade on the go, our Pepperstone broker review gives you peace of mind as the broker is easy to use on your mobile devices. You can fully view all of the information on the Pepperstone website from mobile devices, and no information is left off the page, which is a standout feature.

Additionally, all three of the trading platforms, MetaTrader 4, MetaTrader 5, and cTrader, are available on mobile devices. This compatibility includes the ability to log in across devices, so you can begin trading on the go and finish at home on your desktop, or vice versa.


Pepperstone – Our verdict

After taking a closer look at Pepperstone for our review of the broker, our team can confidently recommend it to traders of all experience levels. You can rest assured that the broker is safe as it boasts regulation from FCA, ASIC, CySEC, DFSA, SCB & BaFin, CMA along with the negative balance protection. The choice of three trading platforms, all of which are mobile-compatible, lets you choose a platform that best meets your trading style.

Pepperstone provides strong customer support and offers multiple account types to match your trading strategy. We also appreciate the ability to not only extend the demo account but to create several demo accounts to test various strategies. Overall, our research indicates that Pepperstone is a reputable broker, offering access to a range of instruments at competitive spreads and on intuitive platforms filled with features and tools.

After reading our Pepperstone review, open an account with Pepperstone in just a few minutes.

Pepperstone Final Summary
Minimum Deposit (USD)200
LicensesFCA, CySec, ASIC, CIMA, DFSA, SCB, BaFin.
Max. Leverage1:400 retail, 1:500 pro
Client ProtectionY
Broker TypeNDD
Number of Instruments1200+
Currency Pairs62
Stocks1000+
Cryptocurrencies18
CFDsY
Proprietary Trading PlatformN
MT 4Y
MT 5Y
Mobile CompatibleY
Research ToolsY
Educational MaterialsY
Payment MethodsBank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay and more
24/5 Customer SupportY
Live ChatY

*Max leverage of 30:1 if trading with FCA regulated arm of broker
*Availability of cryptocurrency CFDs is subject to regulations.

Pepperstone information

  • Year Founded: 2010
  • Company Trading Names: Pepperstone Group Limited, Pepperstone Limited
  • Licenses: ASIC, FCA, DFSA, SCB, CySEC, BaFin, CMA
  • Headquarter Address: Level 16, Tower One, 727 Collins Street, Melbourne, VIC Australia 3008
  • Phone Number: +613 9020 0155
  • Facebook: https://www.facebook.com/Pepperstonefx
  • Twitter: https://twitter.com/pepperstonefx

Risk Disclaimer: Pepperstone offers CFD products. CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 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.

Our methodology: This review of Pepperstone has been created using accurate data and unbiased facts. To test the broker, we have used our unique and detailed methodology, which assesses over 200 criteria points in 10 key areas. This guarantees that all of our reviews are fair and extensive.

We update our methodology and our reviews regularly. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct


What’s next

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Frequently asked questions (FAQ)

Is Pepperstone regulated?

Yes, our review of Pepperstone found that the broker is regulated by both ASIC and FCA. These are two stringent regulators based in Australia and the UK respectively. Licenses from both of these authorities prove that Pepperstone operates in a responsible and fair manner.

Is Pepperstone a scam?

No, Pepperstone is not a scam as it is a well-regulated broker that has been in business since 2010. It has positive reviews from both clients and industry figures and has earnt several awards and accolades too.

What is the minimum deposit at Pepperstone?

The minimum deposit at Pepperstone is $200, 200 GBP, or 200 AUD for both Standard and Razor accounts. This is accessible for both beginners and advanced traders and is around average compared to other brokers.

Does Pepperstone charge commission?

Pepperstone does charge small commissions if you choose to open a Razor account. To make up for this, Razor accounts come with very low spreads and no non-trading costs, such as deposit and withdrawal fees and inactivity fees. Standard accounts do not incur commission charges.

What Pepperstone account types are there?

Pepperstone offers standard accounts or Razor accounts with tighter spreads. You can also become a premium client, professional trader, or Active Trader. Demo and Islamic accounts are also available.

Cryptocurrency Trading
1200 instruments
Min Deposit: $200

5.0
Licensing & Safety
5.0
Markets
4.0
Bonuses & Promotions
5.0
Customer Support
4.8 Overall Rating

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