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Pepperstone

Melbourne, Australia · FCA (UK), ASIC (Australia), BaFin (Germany), CySEC (Cyprus), DFSA (Dubai), CMA (Kenya), SCB (Bahamas)

Created Jul 1, 2026 · Updated Jul 18, 2026

☆ 0.0 · 0 reviews

Spread (EUR/USD)

0 pips

Platforms

6

Regulation

Tier-1

About Pepperstone

Pepperstone was founded in 2010 in Melbourne, Australia, and is regulated by ASIC, FCA, BaFin, CySEC, DFSA, CMA, and SCB across eight jurisdictions. It offers over 1,350 instruments including forex, CFDs on shares, indices, commodities, cryptocurrencies, and metals, with spreads as low as 0.0 pips on its Razor account and 0.4 on Standard. The broker supports MetaTrader 4, MetaTrader 5, cTrader, and proprietary web/mobile platforms (iOS, Android), requires no minimum deposit, and serves more than 830,000 clients globally as of 2026.

Pros

+Regulated by top-tier authorities including FCA (UK), ASIC (Australia), and BaFin (Germany)
+Raw spreads from 0.0 pips on Razor account with $6–7 commission per round lot
+Supports MT4, MT5, cTrader, and proprietary web/mobile platforms
+No minimum deposit requirement
+Fast execution with no-dealing-desk (NDD) model suited for scalping and algorithmic trading

Cons

-Only offers CFDs and spread betting; no real shares, spot crypto, futures, or options
-Raw spread account requires commission per lot, increasing cost for small traders
-Limited asset classes compared to multi-asset brokers offering ETFs or mutual funds
-Third-party withdrawal fees may apply depending on method, though broker charges no fees
-Non-EU traders lack additional regulatory protections beyond local jurisdiction

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