Pepperstone
OVERALL RATING
UNUM
- Regulation8.6
- Trading conditions7.8
- Platform and services8.7
- Safety and protection9.5
- Customer support8
Features
Demo account
Free
Balance protection
Negative balance
Islamic account
Swap-free
Copy trading
Social copy
Mobile app
iOS and Android
AI trading
Autochartist and robots
Social network
Investment community
Description
Who it suits
Pepperstone is a versatile choice for traders at any level. The absence of a minimum deposit lowers the entry barrier, while the wide platform selection and advanced tools appeal to professionals. It is especially strong for UK traders (FSCS protection plus spread betting) and algo traders (cTrader, Capitalise AI, and VPS). Its main weakness is an education section that is slightly less structured than XM or AvaTrade.
Briefly about the broker
ECN broker · Australia
Trading conditions
Pepperstone offers two primary account types. The Standard Account includes commission in the spread (avg EUR/USD 1.1 pips), has a $0 minimum deposit, charges no forex commission, and suits beginners. The Razor Account offers raw spreads from 0.0 pips (avg 0.10 on EUR/USD) plus a $7 round-turn commission ($3.50/side on MT4/MT5; slightly lower on cTrader — £2.25 for UK accounts). Both accounts are available on all four platforms. A Professional Account is available for qualified EU traders with identical pricing but without ESMA leverage caps, and a Premium Client Account for traders with monthly volume above $15M — including a rebate programme that reduces costs by $1–3 per lot. Spread betting is available in the UK (capital gains tax treatment under HMRC).
Platforms and tools
Main focus — Spread Betting (UK only), MT5, TradingView, MT4, cTrader.
Account conditions and trading types Pepperstone
Razor
- Min. deposit
- $0
- Spread from
- from 0.0 pips
- Commission per lot
- $7 round turn
- Leverage
- 1:400*
Professional
- Min. deposit
- $0
- Spread from
- from 0.0 pips
- Commission per lot
- $7 round turn
- Leverage
- 1:500*
Spread Betting
- Min. deposit
- $0
- Spread from
- from 1.0 pips
- Commission per lot
- $0
- Leverage
- 1:30
Standard
- Min. deposit
- $0
- Spread from
- from 1.0 pips
- Commission per lot
- $0
- Leverage
- 1:400*
Account conditions and trading types Pepperstone
| Account type | Min. deposit | Spread from | Commission per lot | Leverage |
|---|---|---|---|---|
| Razor | $0 | from 0.0 pips | $7 round turn | 1:400* |
| Professional | $0 | from 0.0 pips | $7 round turn | 1:500* |
| Spread Betting | $0 | from 1.0 pips | $0 | 1:30 |
| Standard | $0 | from 1.0 pips | $0 | 1:400* |
All materials on the website are provided for informational purposes only and do not constitute investment advice. Data on spreads, commissions, and terms (including rebates and promotions) may vary depending on the region, account type, and registration; therefore, the administration does not guarantee their accuracy and is not liable for users' decisions.