FBRForex Broker Rating
Bruce Hartley
Written by Bruce Hartley
Broker Analyst
Updated
Pepperstone logo

Pepperstone Review

Key Facts

Regulation
ASIC · FCA · BaFIN+4 more
Broker Type
STP, ECN, DMA
Min. Deposit
$0
Platforms
Web, Mobile, TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader
Fees
Low
Max Leverage
1:1000
Demo Account
Yes

Our Ratings

4.6
out of 5
Safety & Regulation4.7
Fees & Costs4.8
Platforms & Execution4.5
Education3.9

74% of retail FX and CFD accounts lose money.

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

Pepperstone - At a Glance

Trading Conditions

Broker Type
STP, ECN, DMA
Minimum Deposit
$0
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
Hedging
Yes
Scalping
Yes
Assets Offered
Forex, CFDs

Account Types

Demo Account
Yes
Swap Free Account
Yes
Managed Account
Yes
PAMM / MAM Trading
Yes
Joint Account
Yes
Social / Copy Trading
Yes
Bonuses
No
Contests
No

Platforms & Tools

Trading Platforms
Web, Mobile, TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader
One Click Trading
Yes
OCO Orders
No
Trailing Stop Loss
Yes
API Access
Yes
VPS Hosting
Yes

Company

Regulation
ASIC (Australia), FCA (United Kingdom), BaFIN (Germany), CySEC (Cyprus), DFSA (United Arab Emirates), CMA (Kenya), SCB (Bahamas)
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Headquarters
Level 16, Tower One, 727 Collins Street Melbourne, VIC, Australia 3008
International Offices
Australia, Bahamas, Cyprus, Germany, Kenya, UAE, UK
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
Languages
Arabic, Chinese, English, French, German, Hindi, Italian, Indonesian, Korean, Russian, Mandarin, Polish, Portuguese, Spanish, Thai, Urdu
Customer Support
Email, Phone, Live Chat

74% of retail FX and CFD accounts lose money.