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8 /10
Overall Rating

Pepperstone Review

Read this Pepperstone broker review before opening your account. Is this a Scam or Reliable Forex Broker? Find out more with AtoZ Markets Forex broker review of Pepperstone.

Pepperstone is a forex broker from Melbourne, Australia. It was established in 2010. At first, they operated their business in Australia only. Later on, they expanded their business and opened a London office in 2015. The main aim of the company is to provide superior technology, genuine commitment & low-cost spreads to traders all around the world. Pepperstone is a broker that offers multiple currencies, shares, metals, CFDs, metals, cryptocurrencies, etc.

Find out more with AtoZ Markets Pepperstone broker review. If you have any previous experience with Pepperstone, please share it in the reviews section below.


8 /10
8 /10
Trading Platform
9 /10
Account Types
8 /10
7 /10
8 /10
Customer Support
7 /10
8 /10

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8 /10

Pepperstone is a forex broker from Melbourne, Australia that was established in 2010. Later on, they opened a London office in 2015 to serve European clients. The main aim of the company is to provide superior technology, genuine commitment & low-cost spreads to traders all around the world.

Pepperstone provides forex and CFD trading opportunities with competitive pricing and one of the largest selections of the third-party platforms. Moreover, they have included numerous options for social copy trading. Pepperstone has finished the best in Class for copy trading by providing the largest selections of social trading platforms.

They process an average of US$12.55bn trades every day that makes them one of the world’s largest forex brokers. They have 73000 active traders from all around the world. Pepperstone is regulated by ASIC and FCA, which makes them reliable and trustworthy for investment. They segregate the client funds with tier 1 banks with lots of fee-free funding methods.

Pepperstone has won multiple prestigious awards from Deloitte, Investment Trends, and Compare Forex Brokers for their consistently excellent trading conditions.

  • 2019- Global Forex Awards- Best Global Forex ECN Broker Best Forex Trading Support – Europe
  • 2018- Investment Trends Australia Leverage Trading Report Winner- for Spreads
  • 2018- UK Forex Awards- Best Forex ECN Broker, Best Forex Trading Support & Best Forex Trading Conditions
  • 2017- Australia FX Report Investment Trends Winner- for Customer Service-Value for Money, for Spreads, for Risk Management, for Education Materials & for Fund Withdrawal


8 /10

Pepperstone does not operate a bank either operated by the public traders.  The Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA) regulates this broker. This regulation is the strength of the company to give assurance to the traders.

Trading Platform

9 /10

Pepperstone gives its traders the full MetaTrader and cTrader suites, including MT4 (desktop and web), MT4 Multi-terminal, MT5 & cTrader (desktop and web). Traders can use any platforms with any r account type of Razor, or Standard.

MetaTrader 4

MetaTrader 4 is the most common Forex trading platform among the retail traders, which is specially designed for Forex trading. In the retail Forex industry, MetaTrader 4 is the only reliable third-party software.  This is very common and easy to use trading platforms for beginners.

MetaTrader 4 gives a competitive edge with the world's most popular platform. There are live quotes, real-time charts, and in-depth news and analytics that make the trading platform famous among the traders. The broker can alter some of the trading options to restrict some features in MetaTrader4. But Peperstone provides full functionality of the trading platform, includes-

  •         Customize MT4 to the way trader wish
  •         Build and run the expert advisors using MQL4
  •         Access 28 indicators and EAs with our Smart Trader Tools
  •         Identify high probability trades with Autochartist
  •         Hedging opportunity without any limit

MetaTrader 5

Metatrader 5 is quite similar to MetaTrader 4 and nowadays and is considered as one of the best Forex trading platforms. From the platforms mentioned above, MetaTrader 4 & MetaTrader 5 is the most user- friendly. It also comes with a more considerable amount of indicators and has some other features.

The main attraction of MetaTrader is the faster processing time, advanced pending orders & the ability to hedge the positions. MetaTrader 5 helps the traders to stay ahead of the markets. The main features of MetaTrader 5 are-

  •         Use and code easily with MQL5
  •         Lots of inbuilt indicators and faster processing
  •         Advanced customization of the trading style.


Spotware develops cTrader as a competing trading platform for Forex traders. This platform offers advanced charting and trading features, and the structure is similar to the MetaTrader platform. This trading platform was available in a web browser only. But currently, cTrader is supplied for Android and iOS devices only, which is preferable for most of the traders.

cTrader provides the environment of institutional trading. cTrader is the perfect platform for those who are starting their trading journey. It also allows filling orders with advanced cTrader features. Some main features are-

  •         Order fills with advanced cTrader features & Control slippage
  •         Access FIX API
  •         Code in C# with cTrader Automate

All of the trading platforms are available in Windows, MAC, Android, & iPhone to makes the trading easy for the client.

Account Types

8 /10

Pepperstone offers two pricing models for the account opening, which is ranging from the commission-based Razor Account to the Standard Account. All of the accounts have incorporates commissions into the prevailing spreads. The trading fees vary slightly, depending on the platform.

Razor Account: The Razor Account is used with the MetaTrader (MT4) or cTrader platforms. The Razor account allows a commission-based pricing structure in addition to regular spreads.

For EUR/USD, the average spreads of the Razor account are 0.16 pips. This fee is comparable to industry peers when factoring in the commission.

Standard Account: The standard account is with higher spread with commission-free and is not as comparable to the razor Account. The average spreads on the EUR/USD are 1.16 pips, according to Pepperstone.

Copy-trading: Pepperstone allows t social copy trading, from the MirrorTrader and RoboX platform from Tradency. They also provide the service from the ZuluTrade platform and my book for MT4.  Moreover, Pepperstone has the Chasing Returns and DupliTrade for social-copy trading- available for the traders with more the $5000 investment.


7 /10

Pepperstone offers CFDs on 5 major cryptocurrencies. They are Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin. They are trading against the US dollar with leverage up to 5:1 across all of their trading platforms.


8 /10

The minimum trading commissions of Pepperstone has started from AUD $3.50 each way on major currencies. On the CFD position, the commission would be USD $0.02 per. They offered standard, mini, and micro contract sizes on FX to suit the client’s needs.

  • For MT5 Razor Account, the Commission per 0.01 lots (1000 base currency) and Commission per 1 lot (100,000 base currency). On monetary value, the commission is USD 0.04 for 1000 base currency and USD 3.50 for 100000 base currency.
  • For the MT4 Razor account, the cost is similar except the USD 3.76 100000 base currency in monetary value.
  • In cTrader’s, the 7 unit charge per lot refers to the first currency displayed of the pair being traded. Like, in NZDJPY = NZD$7 per lot traded. This value is then converted to the trading account currency at market rates.

Pepperstone non-trading fees are average. There is no inactivity fee for traders, but the withdrawal fee is quite high comparing to the other brokers, especially the bank withdrawals, $20.

Customer Support

7 /10

Pepperstone is available to contact 24/5 using several methods, including telephone, e-mail & direct live chat. They have the average Connection Time below one minute. They have also mentioned the most asked questions to the brokers in here

Everyone can contact them by their official phone no: 1300 033 375, and the email is


8 /10

Pepperstone has licenses and regulations from the two continents that work with financial regulators across various jurisdictions to provide investor protection.

Pepperstone is regulated by the Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA) regulates


As per our research, Pepperstone is a secure, reliable, and regulated broker. And it provides a professional trading environment for clients who are new or professional in Forex or CFD trading. However, we always recommend doing your research before opening an account with Pepperstone.

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