Pepperstone

by

Pepperstone 2024 Broker Review

Written by:

ForexBrokerTalk

Fact checked by:

ForexBrokerTalk

Recommended for

  • Algorithmic traders
  • Traders located in UK, EU, or AU

Trust Level: Very High

  • Licensed and regulated in UK, AU, and UAE
  • In business since 2010

Popularity

831 people visited this broker using ForexBrokerTalk within the last 6 months

Introduction To Pepperstone

Founded in 2010, Pepperstone is now considered a veteran in the forex industry. Since their inception Pepperstone has steadily grown to become one of the largest in the space. The broker is licensed and regulated by: the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia and the Dubai Financial Services Authority (DFSA) in the UAE.

Pepperstone offers a wide range of tradable instruments, which includes more than 60 currency pairs and 1,200 CFDs at 1:400 leverage (subject to Pepperstone terms, view their website for more information) Furthermore they offer the industry standard platforms like: MetaTrader 4, MetaTrader 5, cTrader, TradingView, and DupliTrader. The platform selection is great for algorithmic forex traders – especially since they offer free/sponsored VPS service.

Overall Pepperstone is a great choice for any forex trader. With their 24/7 award winning support it’s not a surprise to see how successful they have become.

$0

Minimum Deposit

$3.50

FX Commission
(per lot)

Yes

Free Demo Account

No

Inactivity fee

Pros

ECN broker

In business since 2010

Regulated by multiple tier-one jurisdictions

Cons

No cent account

Limited support for crypto trading

Review Video:

Coming soon!

Pepperstone Quick Facts

Country Headquarters

Melbourne, Australia

Instruments Offered

Forex, Metal, Stock Indices, Crypto

Base Account Currency

AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD

Minimum Deposit

$0

Withdrawal Fee

$0

Account Verification Time

4-8 Hours

Deposit Options

Card, bank wire, PayPal, Neteller, Skrill, and Union Pay

Accepts crypto deposit

No

Trading Platforms

MetaTrader 4 + 5, cTrader, and TradingView

Demo Accounts

Yes

VPS Offered

Yes

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Account Opening 4 / 5

Pepperstone’s account opening process is fully digital and can be completed in minutes. To open a live account Pepperstone requires:

  • Valid ID document
  • Valid proof of address

Pepperstone boasts account verification within a few hours, which is faster than most brokers.

It is important to note that Pepperstone does not accept traders from Afghanistan, American Samoa, Canada, Congo- Kinshasa, Congo- Brazzaville, Central African Republic, Cote d’Ivoire, Crimea, Democratic People’s Republic of the Congo, Democratic People’s Republic of Korea (North Korea), Eritrea, Guinea-Bissau, Iran, Iraq, Japan, Kazakhstan, Lebanon, Liberia, Libya, Mali, Myanmar, New Zealand (retail clients only), South Korea, Somalia, South Sudan, Sudan, Syria, U.S. Outlying Islands, United States, U.S Virgin Islands, Yemen, or Zimbabwe.

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Commissions & Fees 4 / 5

Trading commissions:

Razor accounts: $3.50 USD / lot per side ($7.00 USD for round turn)
Standard accounts: 1 pip markup on spreads

Fees:

No fee to deposit or withdrawal. Additionally no fee for inactivity.

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Deposit and withdrawal 5 / 5

Pepperstone offers a variety of deposit options, including:

  • Card
  • Bank wire
  • PayPal
  • Neteller
  • Skrill
  • Union Pay

Additionally there are no fees to withdrawal money.

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Trading Platforms 5 / 5

Pepperstone offers all of the industry standard platforms including:

  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • Social trading / DupliTrade
  • Capitalise.ai
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Customer Support 5 / 5

Pepperstone offers 24/7 support via phone, live chat, email.

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Other 5 / 5

Some other cool features Pepperstone offers:

  • Free demo account (live account not required)
  • Educational content and videos
  • Trading ideas and market analysis
  • Ability to trade individual stocks
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About ForexBrokerTalk

ForexBrokerTalk is a free service which helps both new and experienced traders find the best forex broker for their needs. As an impartial party we have reviewed more than 50 different forex brokers, with new brokers being added everyday. Additionally we offer a free newsletter to keep traders up to date on the latest in forex broker news, promotions, and more! Have any questions? Click here to contact us and we’ll be happy to help.

4.5 / 5

ForexBrokerTalk Final Score

Established veteran broker in the industry. Great choice for traders in general.

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