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Pepperstone

Sasa Ignjatovic

Written by

Sasa Ignjatovic
Sasa Ignjatovic

Written By

Sasa Ignjatovic, Lead Broker Reviewer

John Doe leads our broker review methodology for spreads, commissions, platform UX and regulatory safeguards. A former product manager at a multi-asset broker, he specializes in translating platform specs and fee tables into real trading implications, backed by test accounts and live data sampling

Learn more about Our Methodology

Sasa Ignjatovic

Fact Checked by

Sasa Ignjatovic
Sasa Ignjatovic

Fact Checked By

Sasa Ignjatovic, Compliance Reviewer

Jane Smith is a Compliance Reviewer focusing on regulatory claims, entity mapping and investor compensation coverage. She checks official registers and cross-verifies licensing before Pepperstone’s page is marked as ‘fact checked’.

Learn more about Our Methodology

Updated

4 months ago

Always up to date

Our experts continuously verify this page to provide the most accurate and current information.

Last updated on September 26, 2025

Regulator Illustration

Pepperstone

Pepperstone

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25 people chose this broker

Foundation date:

2010

Minimum deposit:

$200

NBP:

Yes

Inv Prot:

Partially

Not Available
Not accepting clients from your country (auto-detected).
Why choose Pepperstone

Pepperstone is a globally trusted forex & CFD broker known for razor-sharp pricing, fast execution, and a professional platform lineup (MT4/MT5, cTrader, TradingView, plus a clean native app). Founded in 2010 in Melbourne, the group operates under multiple top-tier licenses and keeps client money in segregated trust accounts with leading banks. Retail clients benefit from negative balance protection, while pricing choices (Standard vs. Raw) fit both discretionary and automated trading styles.

Daily operations emphasize transparent costs, clear margin rules, and responsive 24/5 support. Combined with deep liquidity and robust connectivity, Pepperstone is a pragmatic fit for serious traders seeking tight spreads, reliable fills, and platform flexibility.

Pros

  • Tight spreads and fast execution across MT4/MT5, cTrader, TradingView, and native app.
  • Retail negative balance protection and segregated client funds with Tier-1 banks.
  • Multi-licensed (FCA/ASIC/BaFin/CySEC/DFSA/CMA/SCB) with strong oversight.
  • Helpful 24/5 support and clear legal documentation by region.

Cons

  • Investor protections vary by entity (e.g., FSCS only via the UK entity).
  • NBP does not apply to professional accounts; separate terms may apply.
  • Some features and onboarding flows differ by region and entity.
Comparing Pepperstone with Other Top Brokers in United States
Not Available

Pepperstone offers lean pricing via Razor (raw spread + commission) and Standard (spread-only). Razor typically pairs near-zero raw spreads with a transparent per-lot commission, while Standard folds costs into the spread. Non-trading fees are minimal: no inactivity fee, no deposit fee, and most withdrawals are free (method/bank charges may apply).

Pros

  • Razor raw pricing with tight majors in normal liquidity.
  • Low FX commission per lot; clear, transparent structure.
  • No inactivity or deposit fee; most withdrawals free.

Cons

  • Spreads are variable and widen around events/rollovers.
  • Commission differs slightly by platform (MT4/5 vs. cTrader/TradingView).
  • Some withdrawal methods may incur third-party/bank charges.

Against ECN-style peers, Razor on EUR/USD (raw near 0 + ~$6–$7 RT per lot) is typically competitive for active traders and algos. Standard suits those who prefer an all-in spread without a separate commission line.

FX fees
Broker
Pepperstone — Best
Caravell — Best
Tickmill — Best
Index CFD fees
Broker
Pepperstone — Best
Caravell — Best
Tickmill — Best
Stock CFD fees
Broker
Pepperstone — Best
Caravell — Best
Tickmill — Best
Deposit & Withdrawal, Inactivity Fee
Broker
Pepperstone — Best
Caravell — Best
Tickmill — Best

Pepperstone FX commission per lot: $7.00

Index and equity CFD costs track the underlying market session and can widen on news or auctions. For overnights, include swaps/funding in your plan. Choose Razor for the tightest intraday pricing with explicit commission math; Standard for simplicity.

Pepperstone is a multi-jurisdiction, top-tier regulated forex & CFD broker. Client funds are kept in segregated accounts with leading banks, while retail clients benefit from negative balance protection. Depending on your onboarding entity (UK/EU/DE/AU/AE/KE/BS), you receive local protections and—where applicable—investor compensation coverage (e.g., UK FSCS up to £85,000 per eligible person). Multiple licences (FCA, ASIC, BaFin, CySEC, DFSA, CMA, SCB) support strong oversight and transparent operations.

Pros

  • Licensed by top-tier regulators (FCA/ASIC/BaFin) with clear oversight.
  • Retail negative balance protection and robust margin close-out rules.
  • Segregated client money with Tier-1 banks and transparent legal docs.

Cons

  • Protections differ by entity and residency (FSCS only via UK entity).
  • Professional clients may not receive standard NBP terms.
  • Clone-site risk requires users to verify official domains and registers.
Is Pepperstone regulated?

Pepperstone entities are authorised across several reputable jurisdictions: FCA (UK), ASIC (Australia), BaFin (Germany), CySEC (EU/Cyprus), DFSA (UAE – DIFC), CMA (Kenya), and SCB (Bahamas). Each entity follows local client-money and disclosure rules. Always confirm which legal entity will serve your account during application.

Is Pepperstone safe?

Retail negative balance protection helps cap downside during extreme volatility, while margin close-out rules and risk disclosures further mitigate systemic risk. Professional accounts have different terms. Client money is never used for the broker’s proprietary hedging and is held in segregated trust accounts.

How you are protected

UK clients may be eligible for the FSCS compensation scheme (currently up to £85,000 per eligible person, per firm) in the event an FCA-regulated firm fails and client assets are missing. EU clients of the Cyprus entity typically fall under the ICF (up to €20,000) subject to eligibility and limits.

Legal Entity
Regulator Name Financial Conduct Authority
Country of Clients United Kingdom
Regulator Abbreviation FCA
Regulation Level Tier-1
Investor Protection Amount FSCS up to £85,000 (eligibility applies)
Negative Balance Protection Yes (Retail)

Licensing scope and safeguards (NBP, compensation limits, complaint handling) vary by jurisdiction. Pepperstone publishes entity-specific legal documents—carefully review the Terms, Risk Disclosures, and Client Agreements tied to your region before funding.

As with any financial service, impersonation risks exist industry-wide. Always check the official domain and regulator register entries before you share personal information or deposit funds.

Find your safe broker

Pepperstone offers a broad range of funding options with fast processing and transparent fees. Card and wallet deposits are typically instant, while bank transfers vary by rail. Where applicable, processing times represent back-office cutoffs rather than blockchain/network latency.

Processing & Fees: Cards and PayPal post instantly with no Pepperstone fee. Bank rails like SEPA, FPS and ACH usually arrive the same day or T+1; SWIFT can take T+2–5. Withdrawals to the original source are required where regulations demand symmetric funding.

FX conversion: 0.70% — Applied when funding currency differs from your account base currency; may vary by processor.

Pros

  • Instant card and PayPal deposits with no broker fee.
  • SEPA and Faster Payments typically same-day.
  • Wide coverage of e-wallets (PayPal, Skrill, Neteller).

Cons

  • International SWIFT withdrawals can take T+2–5.
  • Third-party or cross-border banks may charge intermediary fees.
Account Base Currencies
Pepperstone Base Currencies
USDEURGBP
AUDCHFJPY

Supported base currencies vary by entity. Popular choices include USD, EUR, GBP, AUD and CHF. Adding a matching base currency to your trading account can help reduce FX conversion charges on funding.

Broker Number of Base Currencies
Pepperstone 6
Tickmill 5
STARTRADER 7

Cards & Wallets: 3-D Secure is enforced on cards where available. PayPal, Skrill and Neteller are widely supported for instant deposits; regional wallets are available per entity.

Bank Transfers: SEPA (EU) and FPS (UK) typically clear same-day. ACH (US) posts same day to T+1. SWIFT may require T+2–5 depending on intermediary banks.

Deposit Options
Broker
Pepperstone
Tickmill
STARTRADER
Withdrawal Options
Broker
Pepperstone
Tickmill
STARTRADER
Method Details Comparison
Legend: Supported Not supported
Broker Supported Deposit Time Withdraw Time Deposit Fee Withdraw Fee Notes
Pepperstone
Tickmill
STARTRADER

Overall, Pepperstone scores strongly for speed and coverage, with low or zero funding fees on most mainstream rails. Always check your entity’s page for regional nuances.

Pepperstone offers a fast, fully digital account opening with eKYC in most regions. Retail, professional, and swap-free (Islamic) options are available depending on your local entity. Verification typically takes less than 24 hours when documents are complete.

Pros

  • Very quick, paperless onboarding (most regions < 24h)
  • Multiple account types (Standard, Razor, Swap-Free, Pro eligibility)
  • Broad platform support (MT4/MT5/cTrader; TradingView in many regions)
  • Entity routing ensures you’re served by the correct regulator for your country

Cons

  • Availability varies by country and entity
  • Professional account requires strict eligibility
  • Instrument list and leverage can differ across entities
Can you open an account?
Availability icon

Not accepting clients from your country (auto-detected).

Not Available
Not accepting clients from your country (auto-detected).
  • Standard: All-in spreads, no commission, suited for beginners and casual traders.
  • Razor: Raw spreads + commission per side, optimized for scalpers and algo traders.
  • Swap-Free: Where available, financing replaced by an administration fee on select instruments.
  • Professional: Higher leverage and fewer protections where regulation permits (eligibility criteria apply).
Available account types at Pepperstone
Account Name Min Deposit Spread from
Standard $0 From 0.6 pips (typical)
Razor $0 From 0.0 pips + commission
Swap-Free $0 Entity/Instrument dependent
Professional (where eligible) $0 Standard or Razor pricing; higher leverage
How to open your account

You can open an account in the following steps:

  • Apply online: Start the application and select your local region/entity if prompted.
  • Verify identity: Upload ID and proof of address; complete appropriateness questionnaire.
  • Choose account type: Pick Standard or Razor; request Swap-Free or Pro where available.
  • Fund & trade: Deposit with supported methods for your entity and start trading.

Pepperstone offers a broad CFD product lineup covering major asset classes. Below you can see the availability and the approximate number of tradable instruments per category.

Product Pepperstone Tickmill STARTRADER
Forex (#) 0 55 42
Stocks (#) 0 1200 1000
Indices (#) 0 0 28
CFD (#) 0 321 0
Funds (#) 0 0 0
Futures (#) 0 44 36
ETF (#) 0 55 0
Commodity (#) 0 33 20
Bonds (#) 0 0 8
Options (#) 0 44 0
Cryptos (#) 0 33 40
Can you trade a specific instrument?

Broker

Instrument (symbol)

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This table compares trading platforms (desktop & mobile) offered by each broker.
Platform Pepperstone Tickmill STARTRADER
MetaTrader 4
MetaTrader 4 Mobile
MetaTrader 5
MetaTrader 5 Mobile
STARTRADER App
TradingView
TradingView Mobile
Web Trader
cTrader
cTrader Mobile
Platforms Offered by Pepperstone
MetaTrader 4 MetaTrader 5 cTrader TradingView MetaTrader 4 Mobile MetaTrader 5 Mobile cTrader Mobile TradingView Mobile
Desktop Platforms
MetaTrader 4
MetaTrader 4

MT4 delivers fast execution, a huge ecosystem of indicators and Expert Advisors (MQL4), plus straightforward customization — ideal for scalpers and algorithmic traders who value speed and simplicity.

Pros

  • Vast library of EAs/indicators and education.
  • Lightweight interface with broad broker support.

Cons

  • Older UI and fewer native features vs MT5.
MetaTrader 5
MetaTrader 5

MT5 upgrades charting and analytics, adds more order types and an integrated economic calendar, and supports MQL5 for advanced automation and robust backtesting.

Pros

  • Enhanced charting and built-in economic calendar.
  • Broader market coverage in one platform.

Cons

  • MT4 indicators/EAs are not directly compatible (different language).
cTrader
cTrader

cTrader combines a sleek interface with institutional-style tools: Level II (Depth of Market), advanced order control and cBots in C# via cTrader Automate.

Pros

  • Level II/DOM transparency and precise execution tools.
  • C# automation (cBots) and rich order controls.

Cons

  • Smaller third-party ecosystem than MetaTrader.
TradingView
TradingView

Trade directly from your browser with TradingView’s Supercharts, Pine Script community and seamless Pepperstone integration. Note: trading via TradingView is available on Razor accounts (regional availability may apply).

Pros

  • Best-in-class charts and social scripting (Pine).
  • Web trading without installation; quick account linking.

Cons

  • In some regions, available only with Razor accounts.
Mobile Platforms
MetaTrader 4 Mobile
MetaTrader 4 Mobile

Mobile MT4 keeps core functionality on the go: live quotes, trade tickets, customizable charts and EA-friendly account connectivity for monitoring automated setups.

Pros

  • Fast, familiar mobile workflow for quick execution.
  • Sync with desktop/watchlists and alerts.

Cons

  • Fewer chart tools than desktop.
MetaTrader 5 Mobile
MetaTrader 5 Mobile

MT5 mobile offers improved charts and analytics versus MT4, with flexible order handling and better instrument coverage from a single app.

Pros

  • Richer charting and analytics vs MT4 mobile.
  • Wide market coverage in one app.

Cons

  • Strategy development still best on desktop.
cTrader Mobile
cTrader Mobile

cTrader mobile mirrors the clean desktop feel with quick ticketing, depth views and intuitive risk control — great for active traders who prefer cTrader’s workflow.

Pros

  • Clean UI with swift order entry and depth views.
  • Tight integration with cTrader desktop environment.

Cons

  • Smaller ecosystem than MT platforms.
TradingView Mobile
TradingView Mobile

Access TradingView’s Supercharts and alerts on mobile; connect to Pepperstone for trading where supported. Ideal for analysis, watchlists and rapid reactions from your phone.

Pros

  • World-class mobile charting and alerts.
  • Seamless sync with web charts and watchlists.

Cons

  • Actual order placement depends on broker integration and region.

Pepperstone delivers fast, friendly and knowledgeable support across live chat, phone and email. In our tests, first responses on chat typically arrived within a minute, with clear follow-ups and links to relevant help articles. The Help Centre (FAQs, platform guides and funding tutorials) covers most routine questions, while agents step in quickly for account-specific issues.

Support is available 24/5 to align with market hours, and multilingual coverage caters to a broad global audience. For complex queries (e.g., platform integrations, regulatory or tax topics), we found escalation and callbacks timely and well-documented.

Support Channels

Support Hours

Languages

Live Chat
24/5 (Mon–Fri, market hours)
English + multilingual support
Phone
24/5 (regional lines)
English + select regional languages
Email / Ticket
Replies typically within 1–24h on business days
Global coverage; multilingual where available
Help Centre / FAQs
Self-service 24/7
English (articles increasingly localized)

Pros

  • Fast first response on live chat (usually under a minute during market hours).
  • Knowledgeable agents and clear, step-by-step replies.
  • Robust Help Centre with platform and funding guides.
  • Multilingual coverage and region-aware assistance.

Cons

  • 24/5 availability means slower responses over weekends.
  • Phone wait times can spike during peak volatility.

Fast live-chat triage, competent agents and a solid Help Centre; coverage is broad and multilingual, though support is primarily 24/5.

Pepperstone’s education hub is built to get beginners trading confidently and to help intermediates sharpen their edge. Content is organized by level and topic, with clear explanations of platform setup, order types, and risk management.

You’ll find multiple formats—quick tutorials, in-depth guides, live webinars, and video walkthroughs—so you can learn the way you prefer. Demo access lets you practice strategies safely before risking real funds, and most lessons tie back to practical, platform-specific steps on MT4/MT5, cTrader, and web-based charting.

New materials are added on a rolling basis, and recorded sessions make it easy to catch up if you miss a live event.

This table compares the educational resources provided by each broker. It covers the availability of tutorials, courses, webinars, and other learning materials.
Education Resource Pepperstone Tickmill STARTRADER
Learning Center
Webinars
Tutorials & Guides
Video Courses
Demo Accounts & Simulators
Learning Center

A central hub that groups lessons by skill level (Beginner, Intermediate) and by topic (platform setup, order types, technical tools, risk). Searchable articles link to related resources and platform guides for next steps.

Webinars

Live sessions run during market hours and cover platform workflows, trade planning, and risk control. Registration is free; recordings are usually made available so you can replay key segments.

Tutorials & Guides

Step-by-step how-tos for installing platforms, placing trades, setting stops/limits, using indicators, and building watchlists—written with screenshots so you can follow along quickly.

Video Courses

Short, modular videos focused on platform navigation, order execution, and chart analysis. Ideal for visual learners who want to see workflows in real time.

Demo Accounts & Simulators

Practice trading with virtual funds on MT4/MT5 or cTrader, test strategies, and learn order handling without risk. Market conditions may differ from live execution, so validate results before going live.

Below you’ll find the core modules most traders use each day, plus a quick summary of strengths and limitations so you can decide what to rely on during fast markets.

Research Tools that turn ideas into trades

Pepperstone’s research stack focuses on clarity and speed: concise market overviews, actionable calendars, and lightweight screeners that help you validate setups without leaving your platform workflow. Coverage is organized by asset class and session so you can quickly check catalysts, volatility pockets, and technical levels before you pull the trigger.

From an integrated economic calendar to sentiment snapshots and heatmaps, the toolkit is designed to help both beginners and active day-traders move from “what’s moving” to “how to trade it” in a few clicks.

Research Tool Pepperstone Tickmill STARTRADER
Economic Calendar
Market News Feed
Sentiment Analysis
Advanced Charting
AI-Powered Insights
Backtesting Engine
Expert Commentary
Tools for Every Trader
Research Tools Overview

Pepperstone offers the following research tools:

  • Economic Calendar
  • Market News Feed
  • Sentiment Analysis
  • AI-Powered Insights
  • Expert Commentary
  • Tools for Every Trader
Summary: A fast, practical toolkit with clear catalysts, simple screeners and visual maps—ideal for turning market noise into tradeable plans.

Pros

  • Fast, concise updates that prioritize tradable context.
  • Clear event labeling with expected impact and prior/consensus values.
  • Handy screeners/heatmaps for trend, momentum and relative strength.
  • Works smoothly alongside MT4/MT5, cTrader and web charting.

Cons

  • Weekend cadence is lighter; deeper pieces land mid-week.
  • Advanced quant/flow analytics may require third-party tools.
  • Localization can trail English content in some regions.
Key Research Features

  • Economic Calendar

    Event impact flags, prior/consensus/actual values, and countdowns for risk planning.

  • Market News & Daily Briefs

    Session drivers and quick context so you can align bias with fresh catalysts.

  • Technical Screeners

    Filter by trend, momentum and breakouts; surface symbols that fit your playbook.

  • Heatmaps & Relative Strength

    Visualize leaders/laggards across FX, indices, commodities and stocks.

  • Sentiment Snapshot

    Gauge positioning and risk appetite to avoid leaning into crowded trades.

Expert Commentary

Daily notes highlight session drivers (macro data, earnings, policy headlines) and translate them into potential scenarios, with levels to watch and risk factors to consider. Use the checklist approach—catalyst → bias → invalidation—to keep decisions consistent under pressure.

Tools Every Trader Should Use
  • Economic Calendar
  • Morning Brief / Session Wrap
  • Market News Stream
  • Technical Screener
  • Heatmap & Relative Strength
  • Sentiment Snapshot
  • Price Alerts & Watchlists
  • Volatility Map
Learn how to use research tools effectively →

Pepperstone focuses on performance-first innovation. While it primarily leverages best-in-class third-party platforms, it stands out through deep TradingView and API integrations, mobile-first UX polish, and AI-assisted widgets that streamline day-to-day analysis. The result is a modern trading stack that feels fast, flexible, and friendly to power users.

  • Seamless platform integrations (MT4/MT5/cTrader/TradingView)
  • Mobile-first optimizations for onboarding and execution
  • Lightweight AI widgets for quick insights and personalization
  • Custom-built Trading Platforms
  • Social/Copy Trading Features
  • Proprietary Technology
  • Third-party Integrations
  • Mobile-first Innovation
  • Custom Dashboards / Widgets / AI
Feature Description
Custom-built Trading Platforms Proprietary platforms created by the broker to offer customized interfaces, tools, or workflows for trading.
Social/Copy Trading Features Options to copy other traders or share strategies within the broker’s network.
Proprietary Technology Unique backend or execution tools developed in-house that improve speed, reliability, or customization.
Third-party Integrations Support for external tools like TradingView, Zapier, or APIs for extending trading functionality.
Mobile-first Innovation Mobile-optimized experiences including smoother onboarding, performance, and access to full functionality.
Custom Dashboards / Widgets / AI Smart dashboards or AI-powered widgets (non-research) that enhance usability and automation.

Innovation in trading platforms helps elevate broker competitiveness. Tools like proprietary dashboards, mobile UX, gamification, and API integration offer a more advanced and flexible user experience.

Overall user satisfaction with Pepperstone is high thanks to reliable execution, responsive support, and transparent pricing. Advanced traders appreciate low-latency connectivity and robust charting options, while beginners value the clean interface and helpful learning paths.

Pros

  • Fast execution with consistently tight spreads
  • Clean, intuitive platforms with strong integrations
  • Helpful, responsive customer support

Cons

  • Some advanced features require third-party platforms
  • Availability of certain tools varies by region

This section can be expanded later for user reviews, ratings, or testimonial integration.

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John Doe

Trading • Safety • Market Analysis

Author of this review

I bring extensive financial expertise as one of TradeSmarty's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance.

Everything you find on TradeSmarty is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback.

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