Broker research profile

Pepperstone

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Our rating: 4.2 / 5
Operating since: 2010

Standard and Razor separate spread-only pricing from raw spreads plus commission.

PepperstoneForex

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Broker details

Standard and Razor separate spread-only pricing from raw spreads plus commission.

Choosing an account: Standard / Razor

Platforms in practice: MT4 / MT5 / cTrader / TradingView

Customer support: Excellent
24/7
Beginner usability: Good
Interface quality: Good
Operating since: 2010
Headquarters: Melbourne
Group headquarters country: Australia
Minimum deposit: No fixed account minimum
10 USD · Card / e-walletMethod minimum
18 USD · CryptoMethod minimum

Platforms

MetaTrader 4MetaTrader 5cTraderTradingViewPepperstone platform

Choosing an account

Standard / Razor

Standard and Razor separate spread-only pricing from raw spreads plus commission.

Compare spread plus commission for the same account and platform; a lower spread alone is not a lower total cost.

Account types

Islamic / swap-free

Available, subject to terms

Regional swap-free offer: an administration charge of USD100 per standard lot on Forex and precious metals after 5 days. Availability depends on the entity and country.

Platforms in practice

MT4 / MT5 / cTrader / TradingView

Desktop MetaTrader supports Expert Advisors; mobile and browser tools are not equivalent automation environments.

Costs

Razor

International account headline; platform, currency and instrument affect pricing.

Advertised minimum · Spread: 0 pips
Commission: Advertised minimum 3.5 USD / lot · per side

Standard

International account headline; platform, currency and instrument affect pricing.

Spread: 0.1–1.5 pips
Commission: 0 USD / lot · per side

Advertised minimum spreads are not average or live spreads.

Other costs and conditions

Compare spread plus commission for the same account and platform; a lower spread alone is not a lower total cost.

Pepperstone · Other costs and conditions
Inactivity / administration	Not confirmed
Currency conversion	Not confirmed
Deposit / withdrawal charges	Not confirmed
Overnight / holding costs	Variable; depends on instrument and holding period.
Platform / data / custody	Not confirmed

Opening and funding

Apply with the broker, complete its identity checks, then select account, currency and payment method. Opening and payment minimums are separate.

Broker processing is distinct from bank or blockchain settlement. No universal arrival time is confirmed.

Account entity and protection

The contracting company determines applicable safeguards. Group licences are not interchangeable; the onboarding entity is not confirmed here.

Segregation, negative-balance protection and compensation eligibility have not been confirmed for every account entity.

Questions about Pepperstone

How do Standard / Razor differ at Pepperstone?

Standard and Razor separate spread-only pricing from raw spreads plus commission. Compare spread plus commission for the same account and platform; a lower spread alone is not a lower total cost.

Can I use MT4 / MT5 / cTrader / TradingView with Pepperstone?

MT4 / MT5 / cTrader / TradingView. Desktop MetaTrader supports Expert Advisors; mobile and browser tools are not equivalent automation environments.

Instruments and assets

Product comparedForex

Instrument typeCFDs

ForexIndicesMetalsEnergyCommoditiesShare CFDsETF CFDsCrypto

Leverage

Leverage depends on entity, instrument and account.

Forex

Up to 1:500

Standard / Razor

Metals

Up to 1:500

Standard / Razor

Indices

Up to 1:500

Standard / Razor

Energy

Up to 1:500

Standard / Razor

Crypto

Up to 1:500

Standard / Razor

Share CFDs

Up to 1:500

Standard / Razor

The practical details.

Terms vary by legal entity, account and payment method.

Deposits

Deposit processing

Most requests · Processing time: Instant
- Indicative estimate
BPAY · Processing time: Up to 1 business days
Bank transfer · Processing time: Up to 7 business days

Withdrawals

Withdrawal processing

PayPal / Neteller / Skrill / Crypto · Processing time: Up to 1 business days
Debit / credit card · Processing time: Up to 2 business days
Bank transfer · Processing time: Up to 7 business days

Restricted countries

United StatesBelgium

User reviews

No user reviews yet

Jurisdiction and licences

Pepperstone Group Limited

Jurisdiction: AU
Regulator: ASIC
Licence or registration: 414530Financial licence

Separate legal entity; permissions do not cover every group account.

Pepperstone Limited

Jurisdiction: GB
Regulator: FCA
Licence or registration: 684312Financial licence

Separate legal entity; permissions do not cover every group account.

Pepperstone EU Limited

Jurisdiction: CY
Regulator: CySEC
Licence or registration: 388/20Financial licence

Separate legal entity; permissions do not cover every group account.

Pepperstone Markets Limited

Jurisdiction: BS
Regulator: SCB
Licence or registration: SIA-F217Financial licence

Separate legal entity; permissions do not cover every group account.

Pepperstone Financial Services (DIFC) Limited

Jurisdiction: AE
Regulator: DFSA
Licence or registration: F004356Financial licence

Separate legal entity; permissions do not cover every group account.

Pepperstone Financial Services LLC

Jurisdiction: AE
Regulator: CMA
Licence or registration: 20200000358Financial licence

Introduction and financial consultation only.

Pepperstone Markets Kenya Limited

Jurisdiction: KE
Regulator: CMA
Licence or registration: 128Financial licence

Separate legal entity; permissions do not cover every group account.

Pepperstone GmbH

Jurisdiction: DE
Regulator: BaFin
Licence or registration: 151148Financial licence

Separate legal entity; permissions do not cover every group account.

Pepperstone International Markets Limited

Jurisdiction: SC
Regulator: FSA
Licence or registration: SD108Financial licence

Separate legal entity; permissions do not cover every group account.