Pepperstone Review


Forex Broker

  • Company name: Pepperstone Limited
  • Founded: 2010
  • Offices: Australia
  • Regulators: AFSL No.414530, ASIC
  • Broker type: ECN/STP

Trading info

  • Min. Deposit: $200
  • Leverage: 500:1
  • Min. Spread: 0.0 pips
  • Deposit/Withdrawal: Bank wire, Visa/Mastercard, Paypal, Skrill, Unionpay
  • Currency pairs: 62

Trading platform

  • Platform: MetaTrader 4, MetaTrader 5, cTrader
  • Web based: Yes
  • Mobile: Yes

Open Account

8 TradeForexSA
  • Excellent 24 hours customer support services
  • Fast execution of trades
  • Low spreads
  • ECN trading environment
  • MT4 and cTrader trading platforms available
  • No welcome bonus for new traders
Fully-regulated by the respected Australian Securities and Investment Commission (ASIC), Pepperstone is an Australian forex broker started in 2010.  24-hour support anchors their customer support services, where a personalised service for individual customers is available through numerous channels. Pepperstone has made a name in Forex trading thanks to its fast ECN execution of trades.

In 2014, Pepperstone won the fastest growing company award in Australia, from BRW Magazine. In the same year, Pepperstone emerged as the 2014 Winner of the Governor of Victoria Export Awards - among the coveted awards that any company would want to have in its list of awards.
Account Types7.5
Client Support & Onboarding9.5
Free Services7.5
Deposit & Withdrawal7.5

Pepperstone is an ECN broker meaning traders execute their trades on the market without any broker intervention, and free of conflict.

Account Types

Pepperstone offers both MetaTrader4 and cTrader on all accounts. Each platform comes with its strengths as far as forex trading goes and, therefore, traders are not limited to a choice of the platform that they prefer to use.  At Pepperstone you’ll have two accounts to choose from. They include:

Standard account

There are no commissions attached to this account. Spreads start from 1.0pips. Pepperstone’s Standard account comes with negative balance protection to help reduce any risks that a trader may find themselves in.

The Razor account

This type of account comes with a commission of $3.5 on every 100k traded. It also comes with some of the tightest spreads in Australia. Pepperstone’s Razor account is the more popular among traders and choice of these two accounts.  It takes a minimum of $200 to open the account.

Trading Platforms

Pepperstone is a traditional broker in their software offering.  They support the MetaTrader 4 & 5, MetaTrader Webtrader and the IOS and Android versions of the software.  If you want to use CTrade instead, this is also available.  This software choice means easy setup, and it should be easy to switch to another broker or from another MetaTrader broker.

Research Area

Pepperstone offers support in technical analysis offering tips and analysis.  While traders may not want to act blindly on information, getting this input directly from your broker is helpful.  This way you can learn to trade charts yourself.

Example Technical Analysis From Pepperstone

Pepperstone will also send you market reports.  This is an excellent way to keep up-to-date on what events are happening, and how you can make trading opportunities from them.

Example Daily Market Reports from Pepperstone

Example Daily Market Reports from Pepperstone


Pepperstone is a fully regulated broker and has been tested, tried and found to be fit to run business in the forex industry. Therefore, any transaction or business that a trader carries out in the hands of Pepperstone is secure because of the backing of its regulators.  Pepperstone is regulated by:

Any misconduct would be dealt with by the regulator and Pepperstone would be required to remedy any issues.  Note that not all brokers pass the test of getting licensing from ASIC and, as such, having this certification is a big plus for Pepperstone.

Lower Fees

Pepperstone employs Price Improvement Technology to reduce brokerage fees that come with any transaction.

Compare Pepperstone

Pepperstone Vs. AxiTrader

FundingBank wire, Visa/Mastercard, Paypal, Skrill, UnionpayBank wire, Visa/Mastercard,Skrill
RegulatedAFSL No.414530, ASICUK FCA Registration No.509746, ASIC
Currency Pairs6280+
Minimum Spread0.0 pips0.1 pips
Minimum Deposit$200$500
Max Leverage500:1400:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit PepperstoneVisit AxiTrader

Pepperstone Vs. XM

FundingBank wire, Visa/Mastercard, Paypal, Skrill, UnionpayBank wire, Visa/Mastercard, Skrill , Neteller
RegulatedAFSL No.414530, ASICEU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670
Broker TypeECN/STPMarket Maker
Currency Pairs6255+
Minimum Spread0.0 pips0.0 pips
Minimum Deposit$200$5
Max Leverage500:1500:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit PepperstoneVisit XM

The Breakdown

Backed by expert opinions, our experience, awards won by Pepperstone, this broker has seen exponential growth in the past few years, unlike most Australian based forex brokers. Pepperstone has introduced customer comforts that seem to have paid off well; a reason why this broker is among the highest-ranked newcomer brokers in forex trading.

Jeffrey Cammack Administrator
Editorial Director at TradeForexSA
Jeff Cammack is the Editorial Director at TradeForexSA, a Forex trader since 2008, and educator. Always in search of new trading opportunities, Jeff can always be found doing research in the charts or combing through the financial news. When not trading, he is always researching his next article.
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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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