Pepperstone ASIC license details
Pepperstone Group Limited holds AFSL 414530, issued by ASIC. ASIC is a Tier 1 regulator, the strictest level in our rating system.
To confirm the license yourself, search ASIC’s professional register using the AFSL number. Check that the entity named in your client agreement is Pepperstone Group Limited.
| Detail | Pepperstone ASIC entity |
|---|---|
| Entity | Pepperstone Group Limited |
| Regulator | Australian Securities and Investments Commission (ASIC) |
| License | AFSL 414530 |
| Country | Australia |
| Retail leverage (major forex) | Up to 1:30 |
| Compensation scheme | None |
What ASIC regulation means for Pepperstone clients
Under ASIC, Pepperstone holds retail client funds in segregated bank accounts, separate from its own funds. Retail clients receive negative balance protection, and leverage is capped at 1:30 for major forex pairs.
Unlike the UK and EU, Australia has no compensation scheme for CFD traders. If Pepperstone Group Limited failed, the insolvency process would return segregated funds, and no scheme would cover any shortfall.
Pepperstone's ASIC regulatory record
In November 2023, ASIC named Pepperstone Group Limited among seven CFD issuers that self-reported breaches of Australia’s retail leverage limits. Each issuer implemented a remediation program to compensate affected retail clients, and ASIC reviewed the payments.
Pepperstone identified and reported the issue itself, and ASIC’s release describes client compensation, not a fine.
Who Pepperstone's ASIC entity serves
Pepperstone Group Limited serves clients in Australia. It also issues products to clients in the Dubai International Financial Centre, with accounts managed by Pepperstone’s DFSA-regulated entity.
Australian clients can fund their accounts using local methods, including BPAY and PayID. Professional clients lose some retail protections, including guaranteed negative balance protection, in exchange for leverage of up to 1:500.
Bottom Line
Pepperstone’s ASIC license covers its home market with segregated funds, negative balance protection, and a 1:30 leverage cap. In our assessment, it is a strong license, though Australian clients should know it doesn’t include a compensation scheme. Check the ASIC register using AFSL 414530 before depositing.