• 10 years of experience
  • Segregates client funds
  • Live chat
  • Limited range
  • Only 180 trading tools
  • Only two account types

Company Information

Pepperstone is an online broker offering its customers low-cost pricing and commodities with the security of financial regulation. Pepperstone has been performing its services since 2010 with the headhunter in Melbourne, Australia. It has also won multiple prestigious awards from Investment Trends, Deloitte, and Compare Forex Brokers. They are also known for the quality of the customer support they provide.


Pepperstone has a wide range of assets at your service. There are the basic ones like Forex or indices, but also shares etc. You can between the ones you are gщt used to trade or the ones you simply like more. Pepperstone offers over 180 different instruments to trade, including over 61 currency pairs. In other words, you can choose among the following assets:

● Currency Indices
● Forex
● Commodities
● Cryptocurrencies
● Social trading
● Share CFDs
● Indices

Trading accounts

Pepperstone offers you to choose between two accounts, namely, a Razor account and a Standard one. The difference is basically in amount of spreads, commission and some other features.

  • Razor
  • • First deposit – 200€
    • 180+ trading tools
    • Leverage – 1:500
    • Spread – 0.0 – 0.3 pips
    • From AUD$7 round turn 100k traded
    • Rollover swaps – refer to your trading platform for market rates
    • Best for – Scalpers and algorithmic traders

  • Standard
  • • First deposit – 200€
    • 180+ trading tools
    • Leverage – 1:500
    • Spread – 1.0 – 1.3 pips
    • No commission
    • Rollover swaps – refer to your trading platform for market rates
    • Best for – New traders

Open an account

Opening an account with Pepperstone will not take much of your time. All you need is to provide the necessary personal information about you. Once you have completed all the steps you will have access to a live trading account. To complete the registration of an account at the Pepperstone broker you should submit the basic documents like some verification of a person and an address, as well as to confirm your e-mail address and to make a first deposit.

© Pepperstone website screen

Minimum deposit

Razor or Standard accounts require 200 € as the first deposit. The accounts have different features, if you hesitate which one to choose, just look above, we have provided you with the necessary information highlighting all the key moments of each account type.

Trading Platforms

Pepperstone is one of the brokers offering both of the MetaTrader platforms, MT4 and MT5 to be precise. MetaTrader 4 is the most popular Forex trading platform in the world. MT4 also supports robots and scalping and is very easy in use. Moreover, you can also set up over 50 different trading indicators and signals. MetaTrader 5 gives you more advanced tools. Basically, it is an updated version of the MT4.

Pepperstone is one of brokers that offer you the cTrader platform developed for traders looking for a STP/ECN solution. The combination of downloadable platforms for both Mac and Windows allows traders to trade with any device of their liking.

Our verdict

Finally, we are happy to conclude the following statements. It is worth mentioning that Pepperstone is a global broker, which is trusted by its customers. Like most brokers, Pepperstone takes a fee from the spread, which is the difference between the buy and sell price of an instrument. Pepperstone’s minimum spread for trading EUR/USD is 0.13 pips, which is rather low compared to the average EUR/USD spread of min 0.70 pips. They also offer only two types of accounts with the same minimum deposit. On the other hand, they claim to have excellent customer support and live chat. In any case, you are to choose the broker, which suits you the most, and we are here only to help you to make the decision faster and smarter.

Pepperstone Details

Withdrawal Methods:
4.3 rating
User Review
  • Customer Service
  • Trade Experience
  • Range of Offerings
  • Security
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Fabian Schmitt
Fabian Schmitt
June 26, 2020 7:12 am

I can not go into detail of what Pepperstone did for me as I am sure it can not be done for everyone. But I was upset about something that happened which was stated in the terms and conditions, but I did not expect it. When I reported this, Ben Clay went out of his way to fix my problem. I am so very greatful and now I give Pepperstone a 5 star rating without any hesitation as they clearly stand out head and shoulders above other trading companies. Will support you guys as long as I possibly can. Thank you!

Giovanna Onori
Giovanna Onori
March 2, 2020 8:17 pm

I have previously traded with other brokers, Pepperstone markets so far is the best. They offered daily trade advice and regular follow up calls from the account Manager Ben Clay. Competitive spread. Highly recommended.

Michele Foriglio
Michele Foriglio
January 8, 2020 12:05 pm

BY far the best service i had no problems opening a account and they even understood all my documentation right of the block. My account manager was a great help and explained everything perfectly. Funding the account is easy and withdrawals are even better!

Johnny Kubes
Johnny Kubes
December 11, 2019 7:57 am

Yesterday I tried to put some money to my trading account but it failed. I had tried about 5 or 6 times before I succeeded. I am not satisfied with web site work

Rosanna Di lorenzo
Rosanna Di lorenzo
October 8, 2019 9:55 pm

Good afternoon. Pepperstone is a serious, honest broker and has low spreads. They have excellent managers. Thank you.

Guido Guidi
Guido Guidi
August 4, 2019 5:23 pm

With zero deposit, even before They opened my account, I had sent them some mails on personnal issues. By their answers, I could tell that they had carefully studied my case. I really appreciated. Other things I like with Pepperstone are the “Daily confirmation” and the “Monthly statement”. I find these two services so important and I had not experienced them with my former brokers. I also appreciate the closeness impression I have with my account manager. What I like less are the spreads (high) with my trades but I can understand and tolerate because I trade very late in the night, with very low volumes.

Arjan Capa
Arjan Capa
July 10, 2019 5:39 pm

Hello Traders,

I’ve tested more then 10 Brokers so far and I can tell you, that Pepperstone is the cleanest, so far. I’ve never had a problem with them, the deposits and withdrawals are very fast and I’ve never seen (so far) big spread spikes. My account manager, Ben Clay, is always very helpful and professional.
I hope they remain the same for many years to come, because I really need a good and honest broker, we all do.


Marwa Gamha
Marwa Gamha
June 18, 2019 11:11 pm

Recently signed up with Pepperstone after Tallinex folded but already I see much improved spreads and liquidity.

Signing up was made easy by an account manager. Happy to recommend.

Pietro Deledda
Pietro Deledda
May 23, 2019 11:52 am

Reasonable deposit minimum, good spreads but quite poor customer support. It is slow. Why?

Alex Grimaldi
Alex Grimaldi
April 15, 2019 2:20 am

Honestly I really thought they are too good to be true but once I familiarized myself with the way they operate I’m very impressed they actually save you from yourself and that’s what we need as trader’s especially new one’s.

Demetrio Orlando
Demetrio Orlando
March 17, 2019 12:42 pm

Great company to deal with friendly and helpful and the systems work well to help you get good results when you trade. Access to the live forex trading room is helpful also. Thank you for an excellent platform.

Giovanna Pomilio Pomilio
Giovanna Pomilio Pomilio
March 11, 2019 4:50 pm

They’re living up to the reviews so far, which I’m very pleased about. NZ changed the rules and I had to close my account with Oanda. A couple of weeks of searching and reading reviews led me to Pepperstone and a couple of others – it was really a coin toss between them, but Pepperstone won and no issues at all.

I’ve had the Pepperstone account for a few months now and my account manager has been there when I’ve needed anything. My expectations have been met and I’ll be considering making them my main account over the next few months.