Professional broker reviews for those who want to invest.


Pepperstone Review

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Based in Australia, Pepperstone is a leading CFD and Forex broker. It is regulated and licensed by ASIC. Is Pepperstone legit? We are about to find out. Join us as we review Pepperstone and compare some of its strengths and weaknesses.

pepperstone review webtrader ctrader


Company Background

The company that runs the Pepperstone broker is Pepperstone limited. Based in Australia, Pepperstone was established in 2010. At ten years of age, Pepperstone is fairly new to the market. Despite its age, the broker has undergone exponential growth.

Pepperstone was introduced to the European market with its 2016 Launch. Since then, the broker operates under the principles set by the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority’s regulatory.

Account Types: 8.6

Pepperstone offers a healthy variety of account types. The options cater to the need of every type of investor. Below are the account types that are available under Pepperstone brokerage:

  • Standard Account: Zero commissions and institutional-grade STP spreads
  • Razor Account: Spreads from 0.0 pips
  • Swap-Free Account: Zero commission, interest-free, and STP spreads.
  • Active Traders Account: Offers competitive spreads from 0.0 pips. This option fits high volume and institutional traders.

Demo Account: 7.5

For any trader to try out the company’s trading services, there is a 30-day demo account. This account comes with £50,000 in virtual funds. You can trade these funds in either Pepperstone’s Meta Trader 4 or cTrader platforms. With the demo account, you can enjoy the advanced technology characteristic of the two trading platforms.

Other brokers that offer demo account: ActivTrades and Plus500.

Trading Platforms 8.3

Providing the technology that suits each trader is one of Pepperstones’s strengths. With 11 platforms, Pepperstone has the most offerings in terms of trading platforms.

MT4 and cTrader are the most popular of the 11 trading platforms. Offering the customer multiple options provides traders with freedom of choice. You can pick your favorite platforms based on ease of use, navigation, etc.

The broker provides a handy guide that compares the platforms side-by-side. This document can help you make a choice.

pepperstone ctrader platform review

Assets and Markets: 6.9

There are brokers like IQ Option that provide their customers with the opportunity to trade anything. Unlike the competition, Pepperstone likes to limit themselves to what they do best. What does this mean?

Forex trading is still the backbone of the brokerage. However, they also offer other assets outside of Forex. Pepperstone offers trading in assets that include precious metals, index CFDs, soft commodities, cryptocurrencies, and energy. Pepperstone has enough variety to help you build a suitable portfolio.

Spreads and Commissions: 9.0

Pepperstone’s MT4 platform features variable spreads. They source their quotes from around 22 banks and electronic crossing networks. This is a strong indicator that the company is committed to offering the best prices to its customers. The broker can drop its spreads to 0.0 pips during liquid times on their EUR/USD pair.

There are times when this minimum spread value applies to other currency combinations that include EUR and AUD currencies. Pepperstone’s website has a handy charting tool highlighting the average and minimum spreads for each currency pair on their books. The tool also details a rundown of Pepperstone’s commission charges and upfront fees.

pepperstone metattrader 4 platform review

Leverage: 8.3

Pepperstone’s leverage offerings depend on whether you qualify as a retail or professional client. Professional clients can get leverage ratios of up to 500:1. For retail clients, the limit is 30:1. This discrepancy is an indication of the broker’s willingness to cater to individual clients’ best interests.

Mobile App: 6.9

Pepperstone is a brokerage that caters to the needs of its investors. One of the ways that Pepperstone has shown this commitment is through the provision of mobile trading services. The mobile trading platform is available for download on Android and iOS tablets devices.

Their Android app grants the user access to both the broker’s advanced trading tech and trading accounts. Trading on the go has never been easier.

The difference between their Apple and Android platforms is a great disadvantage. This characteristic blocks out many people. These are some of the reasons why most Pepperstone customers like trading on the Meta Trader 4.

Payment Methods

You can fund and withdraw your money through a variety of channels. The broker supports money transfers through MasterCard, Visa, Credit and Debit cards, Skrill, Neteller, and broker to broker transfers.

Any withdrawal that you make before 21:00 GMT will be processed on the same day. There are no charges for deposits and withdrawals.

Customer Support: 8.7

There is a 24-hour online support system that is available via live chat. You can also find help via electronic mail by sending an email to [email protected]. Telephone support is available on the following numbers:

  • Phone: +61 3 9020 0155
  • Local Call: 1300 033 3375
  • Fax: +61 3 8679 4408

Benefits and Drawbacks


  • Pepperstone goes to great lengths to understand and meet the needs of each type of investor. From their low-cost services to their leverage offerings, there is something for everyone.
  • The company provides perfect trading conditions for different traders. For example, institutional traders enjoy liquidity and low spreads.
  • The technology on offer on Pepperstone’s trading platforms is of the highest caliber. There are regular updates to ensure that the trader gets the best customer experience.


  • There is a limited number of assets on offer.
  • Traders who prefer to trade on the go will find an inconvenience trading on Pepperstone’s mobile platforms. Here’s an better mobile trading alternative.
  • The education and research resource are limited compared to other brokers.


Popular, rapidly expanding, and available in many countries, Pepperstone has earned its place as on other the most respected brokers in the industry. Pepperstone provides state of the art technology on all their trading platforms. This broker is an attractive option for anyone looking to trade in Forex.


Pepperstone Rating

Check out what our experts are saying about Pepperstone.

Account Types


Technical Aspects:




Customer Support:



  • Web site well-organized and easy to navigate
  • Cryptocurrency trading
  • Excellent trading guides


  • Conditional orders lack sophistication
  • No single stock CFD coverage
  • Scattered and hard to find fee disclosures
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