Pepperstone
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 200
- Payment systems
Features
- Seminars and training
- Daily market analysis
- Islamic (swap-free) accounts
- Segregated accounts
- Scalping allowed
- Return spread
- Affiliate program
- Wide selection of trading instruments
Pros
- Regulated by ASIC and FCA
- Low commissions on Forex and CFDs
- MT4, MT5, and cTrader platforms available
Cons
- The free demo account is valid for 30 days
- Trading conditions may vary depending on the jurisdiction
Updated:
Pepperstone is an Australian forex and CFD broker founded in 2010, with offices in Melbourne, Dallas, Bangkok, and London. It is regulated by ASIC in Australia, the FCA in the UK, and the DFSA in Dubai, and aggregates pricing from 22 banks and liquidity providers. Traders can open a Standard or Razor account on MT4, MT5, or cTrader with a $200 minimum deposit.
Pepperstone is an ASIC- and FCA-regulated forex and CFD broker offering MT4, MT5, and cTrader from a $200 minimum deposit, with Islamic and segregated accounts.
Pepperstone is an Australian forex and CFD broker, regulated by ASIC, the FCA, and the DFSA, offering MT4, MT5, and cTrader with a $200 minimum deposit. Here is what its regulation, accounts, and trading conditions look like in detail.
Regulation and safety
Pepperstone Group Limited is regulated by the Australian Securities and Investments Commission (ASIC). Its UK entity, Pepperstone Limited, is regulated by the Financial Conduct Authority (FCA), and clients in the MENA region are served under a Dubai Financial Services Authority (DFSA) license. These regulators require segregated client funds, minimum capital levels, and regular audits.
Account types and leverage
Pepperstone offers two account types. The Standard account carries zero commission with average EURUSD spreads of 1-1.3 pips. The Razor account targets scalpers and algorithmic traders, with spreads from 0 pips plus a $3.50 per lot commission ($7 round turn).
Maximum leverage is 1:500. Traders under FCA/ESMA rules are capped at 1:30 on forex pairs.
Trading instruments and platforms
Pepperstone lists more than 70 currency pairs alongside precious metals, commodities, indices, and four cryptocurrencies (Bitcoin, Ethereum, Litecoin, and Dash against the US dollar, leveraged up to 1:5). Trading runs on MT4, MT5, or cTrader, with average execution around 50 milliseconds.
Minimum deposit and funding
The minimum deposit is $200. Accounts can be funded in AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, or HKD.
Verdict
Pepperstone combines regulation across three jurisdictions (ASIC, FCA, DFSA), a $200 minimum deposit, and a choice of MT4, MT5, or cTrader. Check the 30-day demo account limit and your local trading conditions before opening a live account.
