FBRForex Broker Rating
ET
Written by Editorial Team
Updated
Pepperstone logo

Pepperstone Review

Overall Rating
4.6 / 5
Fees
4.8 / 5
Safety
4.7 / 5
Platforms
4.5 / 5
Education
3.9 / 5
Min. deposit
$0

Pepperstone — At a Glance

Regulation
ASIC (Australia), FCA (United Kingdom), BaFIN (Germany), CySEC (Cyprus), DFSA (United Arab Emirates), CMA (Kenya), SCB (Bahamas)
Broker Type
STP, ECN, DMA
Minimum Deposit
$0
Payment Methods
Bank Transfer, Credit/ Debit Card, Cryptocurrency, Apple Pay, Google Pay, PayPal, Skrill, Neteller, POLI, BPAY, Pix, Spei, Zotapay
Account Currencies
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Assets Offered
Forex, CFDs
Trading Platforms
Web, Mobile, TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader
Demo Account
Yes
Maximum Leverage
1:1000
Spread Type
Variable
Spread From
0.0 PIPS
Commission
$7 ($3.50 per side) per standard lot
Decimal Pricing
5 decimals
Minimum Lot Size
0.01
Maximum Lot Size
100
Swap Free Account
Yes
Managed Account
Yes
PAMM / MAM Trading
Yes
Joint Account
Yes
Social / Copy Trading
Yes
Hedging
Yes
Scalping
Yes
One Click Trading
Yes
OCO Orders
No
Trailing Stop Loss
Yes
API Access
Yes
VPS Hosting
Yes
Bonuses
No
Contests
No
Headquarters
Level 16, Tower One, 727 Collins Street Melbourne, VIC, Australia 3008
International Offices
Australia, Bahamas, Cyprus, Germany, Kenya, UAE, UK
Languages
Arabic, Chinese, English, French, German, Hindi, Italian, Indonesian, Korean, Russian, Mandarin, Polish, Portuguese, Spanish, Thai, Urdu
Customer Support
Email, Phone, Live Chat

Pros & Cons

Pros

  • +Strong global regulatory oversight
  • +Fast and easy account opening
  • +Low minimum deposit requirements
  • +Multiple fast and secure payment methods
  • +Wide choice of account currencies
  • +Support TradingView, MT4, MT5, and cTrader
  • +Low CFD and forex trading fee
  • +No inactivity fee
  • +Fast execution
  • +Supports all trading styles
  • +Adequate support for algorithmic trading
  • +Supports copy trading
  • +24/7 customer support

Cons

  • Product range limited to CFDs
  • Limited research offering

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.