Pepperstone review 2025: Pros, cons, safety, and more!

Pepperstone review 2025: Pros, cons, safety, and more!

The opportunity to choose between and trade on multiple platforms like MetaTrader and cTrader rounds Pepperstone’s offering off nicely. Over the last few years the firm has grown to be a major player in the online forex brokerage industry. It allows for fast switching between financial instruments, the receiving of real-time quotes, and all types of trade execution. Each currency has its own ARR, and in turn, a spread adjustment percentage is used to calculate interest rates on overnight funding and general spreads for Pepperstone clients. You can calculate margin using the current market quote of the base currency vs USD, the volume requested, and the leverage level you have selected when opening your account. Pepperstone only offers spread betting to residents of the UK and Ireland on FX, indices, and commodities.

The broker combines competitive spreads, robust regulatory oversight, and comprehensive educational resources, positioning it as a prime candidate for traders seeking reliability and extensive market access. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. IAutochartist is a market scanner tool that helps traders focus on the trade by removing market noise and highlighting the currency pairs, data intervals, and technical indicators that signify key market events. It provides statistically significant market movements and identifies important price levels that have proven to be catalysts for market movements.

Pepperstone Expert Reviews

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. He has provided all the required information and helping me in all the ways to improve my understanding with my learning to this new platform. Opening an account with Pepperstone is a clear and straightforward procedure, executed entirely online and typically requiring just minutes to complete.

Furthermore, Pepperstone only offers CFDs, which means that you’re not investing directly in real stocks or ETFs, but in a derivative. We aim to determine whether this broker aligns with your trading goals and needs. Overall though, most Trustpilot reviewers seem happy with their Pepperstone experience.

Educational resources from Pepperstone

Pepperstone’s two main account types are a Standard account or a Razor account. Yes but only if you are trading with Pepperstone in the UAE or are based in a Islamic majority country such as Malaysia, Indonesia, much of the middle east and parts of Africa. There are also versus pages below including recently created HF Markets and TD Ameritrade. There are 93 currency pairs available consisting of 7 major, 9 minor, 17 exotics and 30 cross pairs. Other than PayPal, no e-wallet methods are available in the UK or  Europe, Africa, or the UAE. Base currencies available include USD, AUD, NZD, CAD, HKD, SGD, GBP, EUR, JPY and CHF.

It’s easy to see why Pepperstone is one of the top trading brokers out there and is the broker of choice for over 400,000 traders, worldwide. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and spreads, fast, quality execution on every trade. Pepperstone also offers priority customer support for Razor account holders. Currently, there are no defined options for men and women with hearing limitations. Traders can either download the desktop version or log in to the web version of cTrader.

• The broker offers various trading platforms, including MetaTrader 4, MetaTrader 5, cTrader and Trading View, with features such as advanced charting and automated trading.
• Despite this, Pepperstone actively responds to negative feedback, showing a commitment to improving its service​​.
• Meanwhile, its Standard account is not as impressive, and features comparably higher spreads.
• Those who gave it 5 stars were particularly happy with the level of customer service they received as well as the competitive spreads offered by the platform.
• The fastest options are POLi, BPay, and Union Pay, which offer instant or near-instant withdrawals.
• Pepperstone offers a referral program that rewards clients for inviting friends or family to open an account.

Pros and cons of Pepperstone as a broker

The broker offers sharp spreads and micro lots on FX CFDs from 0 pips on its pepperstone review Razor account, and is a trusted MT4, MT5, and cTrader broker. Pepperstone supports many EAs across its platforms, making it a suitable choice for traders with various trading strategies. Pepperstone also offers a standard account which has higher spreads but no commissions. Overall, our research showed that a standard account has higher trading fees than a raw account but is often preferred by beginner forex traders. If you prefer this account type, Pepperstone does offer low fees with a lower average spread across the 8 forex pairs compared to 43 other brokers. To evaluate brokers, we test the accounts, trading tools and services provided.

MetaTrader 5

Overall, they’re a great broker, on top of that they are regulated by top tier regulators. In terms of pricing, Pepperstone’s fees are competitive and generally in line with industry averages. While customer support is generally very good, we had been a little frustrated by the chat service which didn’t transfer between windows and we felt the wait time was too long on a few occasions. Pepperstone is regulated by several top-tier authorities, including ASIC, FCA, BaFin, CySec, DFSA, CMA and SCB. This strong regulatory framework ensures a high level of trust and security for traders. Pepperstone provides Application Programming Interface (API) trading designed for clients with larger account sizes to automate their trading.

The selection of indices is particularly strong, with stock indices, currency indices and crypto indices, offering broader exposure to popular markets. Pepperstone boasts a fantastic array of trading instruments, offering opportunities across global markets, and visible in the latest Markets and Instruments section on desktop. Additionally, the absence of deposit or withdrawal fees is a significant relief. Having said that, clients residing outside the EU and Australia encounter a less competitive withdrawal fee of $20 for bank withdrawals. However, a notable drawback is the limited duration of the demo account for MT4/5, which remains active for only 60 days (cTrader/TradingView demo accounts do not expire).

• While customer support is generally very good, we had been a little frustrated by the chat service which didn’t transfer between windows and we felt the wait time was too long on a few occasions.
• The platform also offers a learning centre with videos, guides, examples, and tutorials.
• Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
• Pepperstone also offers priority customer support for Razor account holders.
• Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
• The suite includes 28 smart trading apps, including expert advisors and indicators, and is available exclusively for the MetaTrader 4 and MetaTrader 5 trading platforms.

Some alternatives you might be interested include Plus500, eToro, and Forex.com You can also check out our full guide to online brokers including lists of brokers available in . Pepperstone clients have access to a wide range of global markets through 25 major index CFDs. Traders with a Pepperstone account have access to CFD trading on 20 commodity instruments. These include soft commodities like cocoa and orange juice as well as energy and metal pairs traded against the US dollar, the Euro, or the Australian dollar. The following are the products offered for trading with the two types of accounts (please see the account section of this review).

Retail clients can earn 20 commission-free trades by referring friends who meet specific deposit and trading requirements. Pepperstone Pro clients can earn up to $1,000, depending on the referred friend’s deposit and trading activity. While there are no deposit bonuses Pepperstone does offer a rebate program called the Active Trader Program. This is where you can earn forex cash rebates based on your trading volume and save on trading commissions. Your rebate will depend on how many standard lots you trade each month – the more you trade, the higher your rebate.