Thursday, February 2, 2023


Currency Pairs61
Max Leverage400:1
RegulatorsASIC, FCA, DFSA, BaFin
Trading PlatformsMT4, MT5, cTrader
Trade On Point Trust Rating47/50

Range of Services****
Mobile Trading****
Spreads and Commissions**** ½
Technical Tools and Analysis*****
Overall**** ½


Peppperstone is a highly respected forex broker that was established in 2010.  They are an Australian based ECN broker and are regulated by (ASIC) – Australian Securities and Investment Commission and the United Kingdom’s (FCA) – Financial Conduct Authority. Headquartered in Melbourne, Australia, and they also maintain subsidiary offices in various other major centres including London, Bangkok, Dallas and Shanghai. 

Platform and Tools

There are two primary choices of trading platforms that Pepperstone supports. The first is the industry standard Metatrader platform and the second is the ECN based cTrader platform.

MetaTrader 4 and 5 – The widely used MT4 and MT5 platforms come equipped with advanced charting features, and a host of technical studies. MetaTrader also supports strategy back testing and automated trading capabilities thru its Expert Advisors (EA). MetaTrader is available in both Windows and Mac desktop versions and the MetaTrader Mobile App.

In addition to the standard MT4 features, Pepperstone offers Smart Trader Tools for MT4.  The Smart Trader Tools package is a suite of expert advisor tools to help improve your trade execution and management. Optimise your perfect trading strategy, manage your risk and enhance your overall trading experience with 28 smart trading apps, including expert advisors and indicators. Smart Trader Tools for MetaTrader include:
Alarm Manager
Correlation Matrix and Correlation Trader
Excel Real Time Data
Market Manager
Sentiment Trader
Session Map
Trade Simulator

Trade Terminal
Tick Chat Trader
and Various Indicators

cTrader – A professional grade ECN Trading platform designed for optimal trade execution. Clean layout and interface for detailed chart analysis. cTrader comes with advanced trade management capabilities for setting stop and profit targets. You can also set adjustable session times and view Level II pricing. Within the cTrader platform, Pepperstone has developed cAlgo which allows traders to design indicators and algorithmic trading systems. There are many advantages to the cTrader platform, however, it is only available on Windows based operating systems.

Spreads and Commission

Pepperstone offer two main account types.  The Razor account is an ECN account which includes a $3.50 USD commission per $100,000 traded and spreads starting from 0.0 pips.  The Standard account is an STP account which has no commission, however spreads start from 1.0 pips.

Average spreads for major currency pairs on a Razor account are;


Standards account are exactly 1.0 pips higher for each currency pair.

For high volume traders Pepperstone also offers an Active Trader account which provides tiered rebates based on monthly trading volume as well as complimentary VPS hosting for your account.

Trading Markets

Pepperstone offer trading on 61 currency pairs including combinations of the USD, EUR, AUD, JPY, GBP, CAD, CHF, and CNY.  Access to Exotic currencies such as MXN, NOK, NZD, SEK, SGD, and ZAR is available in select pairs (primarily paired with USD). Limited Indices, Commodities and Crypto Currency markets are also offered.

Customers can take advantage of leverage up to 500:1, however this always should be treated with caution.  Leverage not only increases your ability to generate fast income, it can also result in quick losses.

Mobile Trading

Traders that need to access their trading platform on the go will be glad to hear that Pepperstone has mobile trading solutions for them. Mobile Trading options are available via the Metatrader app or the cTrader app. Both are compatible for use with iPhones, Tablets, and Android devices. Many features that are available on desktop are also accessible in mobile. Some of these features include advanced charting, one tap execution, and real time price feeds. And with Pepperstone’s renowned execution capability, traders can enjoy lighting fast fills on their trades, even from their mobile devices. 

Support Services / Languages

Pepperstone support multiple payment options including PayPal, BPay, Fasa Pay, QiWi, POLi, Credit Card, Debit Card, Neteller, Webmoney, Union Pay and Bank Wire.  Swap-Free no-interest trading accounts are offered by Pepperstone for persons who cannot pay or receive swaps.

Pepperstone offers a number of educational tools to assist new traders such as beginner trading articles, webinars, and trading guides.  Pepperstone also offer informative resources for the more experienced trader such as market news, FX economic calendar, and regular analysis videos. 

All customers that open an account with Pepperstone are provided a dedicated account manager. Account managers assist with trading, training, and market information. Pepperstone also offer support services in 38 languages with toll free customer support within Australia and international phone contact also available.

Level of Trust


Regulated 10/10 – Pepperstone is regulated in Australia by ASIC, in the UK by FCA, in Germany by BaFin and in the UAE by DFSA.

Secure 9/10 – Transmission of data to and from Pepperstone is encrypted and Pepperstone uses up-to-date software to protect the interests of its customers.  Pepperstone is highly transparent with any detected security incident and updates its clients with information on what occurred and how it was resolved on their website. 

Access to funds 9/10 – Withdrawals are transferred by bank wire transfer and will take 3-5 days to reach your account.  All fund withdrawals are conducted through Pepperstone’s secure client area, followed by a withdrawal confirmation e-mail or a code from your 2 factor authentication app. 

Recognition 10/10 – 2019 “Best Global Forex ECN Broker” Global Forex Awards, 2020 “Best Trading Performance Tools” Professional Trader Awards.

Support 9/10 – Pepperstone offer telephone, live chat, and e-mail support to their clients.  There is also a fairly comprehensive set of Frequently asked questions on their website to provide advice on the most common issues experienced by their clients.

Pepperstone Risk Warning

Risk Warning: trading derivatives is risky. It isn’t suitable for everyone and you could lose substantially more than your initial investment. You don’t own or have rights in the underlying assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn’t take into account your or your client’s personal objectives, financial circumstances, or needs. Please read our PDS and other legal documents and ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice.


Pepperstone specialises in a small (approx. 200) set of instruments which is of value to traders who focus exclusively on forex and the most popular CFD markets.  Pepperstone’s low minimum deposit caters to casual traders and those entering trading for the first time, while their range of third-party platforms makes them attractive to more experienced traders. Overall, regardless of your experience in trading Forex and CFDs, Pepperstone are able to offer a number of options to compliment your trading.