Min $200

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79.3% of retail CFD accounts lose money.
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8.4/10 (Expert Score)
Product is rated as #9 in category CFD Brokers
This Pepperstone review gives you all the key facts you need to decide if it’s the right platform for your money. Brought to you by Brokerage Compare.
Commissions & Fees
Offering of Investments
Platforms & Tools
Customer Service
  • Min Deposit $200
  • Max Leverage: 30:1, 500:1 professional clients
  • Forex, Cryptocurrencies, Stocks, Commodities & Indices
  • Credit/Debit card, Bank transfer, Electronic wallets
  • Web Trader, Mobile App, Desktop Trader, MetaTrader 5, MetaTrader 4, cTrader
  • Regulated by FCA, ASIC, DFSA
  • 6 Languages Supported
  • GBP, USD, EUR, CHF account base currency
  • 180+ Tradable Assets
  • High swap rates and overnight charges
  • No 24/7 support

Pepperstone Review

Pepperstone is a broker specialising in Forex, currency index, cryptocurrencies, index, share and commodities CFDs. It was founded in 2010 by Owen Kerr and Joe Davenport and it’s based in Melbourne. It boasts 57,000 customers, 170 employees and a daily trade average of $12.55bn.

Pepperstone Fees Review

  • Low trading fees
  • Low Forex fees
  • No inactivity fee

  • High swap rates and overnight charges


When you trade with Pepperstone, you’ll find variable spreads on their MetaTrader 4 and MetaTrader 5 platforms, with prices coming from a number of sources to give you access to the best one. You can see an example of min and avg spreads below:

Currency pairRazor minimum spreadRazor average spreadStandard minimum spreadStandard average spread

Swap Rates

When you hold positions overnight in Forex, Pepperstone will charge you a swap rate. The rates are calculated by financial institutions that Pepperstone works with, based on market conditions and risk management analysis. Each currency pair has its own rate, measured on a standard size of 1.0 lots. You can see an example below:

Currency pairOne pointExchange rateTrade sizeLong swap rateShort swap rate
EURUSD0.000011.12901 lot (€100,000)-11.49+7.02

Swap value debited is €-10.18 and, if you were short one contract of EURUSD, you’d receive €6.22 daily.
(0.00001/1.1290) * (100,000 *-11.49) = €-10.18


cTrader account commissions are 0.0035% of the base currency that you’re trading. E.g. if you trade 100,000 EUR/USD, you will pay €3.50 to open the contract and another €3.50 to close it.

Overnight Charges

Pepperstone charges a fee for positions in equity CFDs, Share CFDs or Commodities that are held open overnight. This fee is daily, it applies to weekends as well and it’s estimated by adding or subtracting 2.5% on top of the benchmark regional interest rates for the underlying product.

Non-trading Fees

Account FeeDeposit FeeWithdrawal FeeInactivity Fee
$0$0$20 for international bank transfer$0

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Pepperstone Deposits & Withdrawals Review

  • Min deposit $200
  • Credit/Debit card, Bank transfer, Electronic wallets
  • Account base currency: GBP, USD, EUR, CHF

  • $20 withdrawal fee for international bank transfers

Account Base Currency

When you open an account with Pepperstone, you can choose between 4 currencies: GBP, EUR, USD and CHF. However, once the account is created, you can no longer change the base currency and, if you need to trade in a different currency, you’ll need to open a second live account.

Deposit & Withdrawal Options

Credit/Debit cardVisa & MastercardVisa & Mastercard
Bank transferYesYes
Electronic walletsYesYes

How long will it take for my deposit to show on Pepperstone?

If you make the deposit over Visa or Mastercard, it’s instant. Bank transfers take a few business days.

When will I have access to my money if I withdraw from Pepperstone?

Requests received before 8am (GMT) are processed on the same day, otherwise they’re processed the following day. Bank transfers take about 3-5 business days.

What is Pepperstone minimum deposit?

Pepperstone minimum deposit is $200.

Can I withdraw any amount?

Pepperstone only allows you to withdraw 90% of your free margin, when you still have open trades.

Does Pepperstone charge withdrawal fees?

Withdrawals via debit/credit card and some e-wallets (except Skrill and Neteller) are free. Bank transfers are free for customers based in the EU or Australia, otherwise there’s a $20 charge.

Are there any terms on where I direct any funds I withdraw?

Pepperstone’s only specification is that you withdraw to accounts in your name or accounts where you’re the joint holder.

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Pepperstone Account Types Review

You can easily open a Pepperstone account online. All you need is an email address or, alternatively, you can use your Facebook or Google account. Then you get two options: you can either try out the platform using play money with a 30-day demo account or you can start trading directly with either a standard or a razor account.

Institutional grade spreadsYesYes
Average EURUSD spread0.0 – 0.3 pips1.0 – 1.3 pips
CommissionFrom GBP4.59 round turn 100k traded$0
Rollover swapsRefer to your trading platform for market ratesRefer to your trading platform for market rates
Best forScalpers and algorithmic tradersNew traders

Platform Languages

The Pepperstone platform is multilingual with 6 languages: English, French, Spanish, Polish, German and Italian.

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Pepperstone Platforms & Assets Review

  • Forex, Cryptocurrencies, Stocks, Commodities & Indices
  • Web Trader, Mobile App, MetaTrader 5, MetaTrader 4, cTrader

  • 180+ tradable assets

When you choose Pepperstone, you will have access to 3 free online platforms that run via WebTrader and mobile apps. These are MetaTrader 4, the more powerful MetaTrader 5 and the user-friendly cTrader.

Social Trading

Pepperstone uses 3rd party services allowing you to copy successful traders. It also offers MetaTrader signals, giving you access to real-time strategies and signals from successful traders.

Start CFD Trading with Pepperstone

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Pepperstone Customer Service Review

  • Phone, email, live chat
  • Fast response time

  • No 24/7 support

Pepperstone offers efficient customer service but it’s on weekdays only. You can reach them via live chat and a toll-free phone number.

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Is Pepperstone safe?

RegulatorLicenseLegal Entity
Financial Conduct Authority (FCA)684312Pepperstone Limited
Cyprus Securities and Exchange Commission (CySEC)388/20Pepperstone EU Limited
Australian Securities and Investments Commission (ASIC)414530Pepperstone Group Limited
Dubai Financial Services Authority (DFSA)F004356Pepperstone Financial Services
Federal Financial Supervisory Authority (BaFin)151148Pepperstone GmbH
Securities Commission of The Bahamas (SCB)SIA-F217Pepperstone Markets Limited
Capital Markets Authority (CMA)No.128Pepperstone Markets Kenya Limited

Is Pepperstone safe?

  • Yes, it is authorised and regulated by the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC), the Dubai Financial Services Authority (DFSA), the Federal Financial Supervisory Authority (BaFin), the Securities Commission of The Bahamas (SCB) and the Capital Markets Authority (CMA).

Is there negative balance protection on Pepperstone?
  • Pepperstone includes a stop-out feature to minimise your losses before the market moves further against your open contracts.

CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trade Safe with Pepperstone

Specification: Pepperstone

Max Leverage 30:1, 500:1 Pro clients
Assets 180+
CFDs Forex, Stocks, Commodities, Indices
Customer Type Beginners, Experienced Traders
Country/Region UK, Europe, Australia, Middle East, Asia
Platforms Web Trader, Mobile App, Desktop Trader, MetaTrader 4, MetaTrader 5, cTrader
Deposit Options Credit/Debit Cards, Electronic Wallets, Bank Transfer
Regulated by FCA, CySEC, ASIC, DFSA
Customer Service Phone, Email, Live chat

Videos: Pepperstone

Photos: Pepperstone

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