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Pepperstone

Pepperstone Group Limited · Melbourne, Australia

Australian forex and CFD broker known for raw-spread pricing and support for MT4, MT5, cTrader and TradingView.

Regulated3 tier-1 regulators1 regulator alertEst. 2010
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1 regulator alert against Pepperstone, none in the last two years.

Regulators say these Pepperstone companies or websites aren't authorised in their countries. See the alerts

Licences (7)

The broker also reports licences from FSCA. We haven't checked these yet, so they aren't in the score.

Which company you sign up with depends on where you live. Your protections (compensation scheme, leverage limits, negative balance protection) come from that company's regulator.

Score breakdown

Regulation strength 40%
9.3
Licence status 20%
10.0
Track record 15%
8.0
Transparency 15%
7.0
Regulator alerts 10%
9.5

Weighted total: 8.9 / 10, ranked #14 of 30. How we score

  • Regulation strength: Based on the strongest regulator licensing the broker, plus extra tier-1 and tier-2 licences.
  • Licence status: Whether any licence has been revoked or has expired.
  • Track record: Years in business: 0.5 points per year, up to 10.
  • Transparency: Publicly listed parent, licences disclosed, head office published, client money segregated.
  • Regulator alerts: Deductions for regulator alerts against the broker's own companies or websites.

Regulator alerts (1)

DateRegulatorName as publishedSource
27 May 2020CVM
Brazil		PEPPERSTONE GROUP LIMITEDSource ↗

Scam sites impersonating Pepperstone

These alerts are about fraudsters copying the broker's name. They don't count against its score. Always check the website address before you log in or deposit.

  • Pepperstone (Imposter) (pepperstonevip.com): FMA, 9 May 2025 · source

Overview

Pepperstone is an Australian forex and CFD broker licensed by ASIC, the FCA and BaFin, with further entities in Cyprus, Dubai, the Bahamas and Kenya. Its Razor account offers raw spreads plus commission, and it supports MT4, MT5, cTrader and TradingView. It's popular with active and automated traders. Clients outside the UK, EU and Australia may be onboarded to the Bahamas entity, which offers higher leverage but weaker protection.

Who it suits: Active forex and CFD traders who care most about execution and raw spreads, and who use MT4, MT5 or cTrader. Less suited to buy-and-hold share investors.

Company information

CompanyPepperstone Group Limited
HeadquartersMelbourne, Australia
Founded2010
Stock listingPrivate company
Websitepepperstone.com
US clientsNot accepted

Trading conditions

Minimum deposit$0 (recommended $200+)
Maximum leverage30:1 retail (FCA / ASIC / EU); up to 500:1 with the Bahamas entity
PlatformsMT4, MT5, cTrader, TradingView, Pepperstone app
Instruments1,200+ instruments: forex, indices, commodities, share CFDs, crypto CFDs, ETFs

Pros & cons

Pros

  • Licensed by several tier-1 regulators (ASIC, FCA, BaFin)
  • Razor account: raw spreads from 0.0 pips plus commission
  • Supports MT4, MT5, cTrader and TradingView
  • No deposit or withdrawal fees from the broker

Cons

  • Fewer share CFDs than IG or Saxo
  • Razor commission needs to be factored into costs
  • Some international clients are onboarded to the offshore Bahamas entity

Frequently asked questions

Is Pepperstone regulated?

Yes. Pepperstone companies hold licences from ASIC, BaFin, FCA, CySEC, DFSA, CMA (KE), SCB (7 licences in our database). Your protection depends on which Pepperstone company you open an account with, so check that company on the regulator's register before you deposit.

Is Pepperstone safe?

Pepperstone has a score of 8.9/10. Regulators in Brazil have issued 1 regulator alert saying Pepperstone companies or websites aren't authorised to offer services there (most recent: 27 May 2020). Only open an account if the broker is allowed to operate where you live.

Which Pepperstone company will I open an account with?

It depends on where you live. The companies in our database are: Pepperstone Group Limited (ASIC, Australia); Pepperstone Limited (FCA, United Kingdom); Pepperstone GmbH (BaFin, Germany); Pepperstone EU Limited (CySEC, Cyprus (EU)); Pepperstone Financial Services (DIFC) Limited (DFSA, UAE (DIFC)); Pepperstone Markets Limited (SCB, Bahamas); Pepperstone Markets Kenya Limited (CMA (KE), Kenya). Clients outside the UK, EU and Australia are often onboarded to an offshore company with weaker protection.

Does Pepperstone accept US clients?

No. Pepperstone doesn't accept US residents.

What's the minimum deposit and maximum leverage at Pepperstone?

Minimum deposit: $0 (recommended $200+). Maximum leverage: 30:1 retail (FCA / ASIC / EU); up to 500:1 with the Bahamas entity.

Which platforms does Pepperstone offer?

MT4, MT5, cTrader, TradingView, Pepperstone app.

CFDs are complex instruments and carry a high risk of losing money quickly because of leverage. Most retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and whether you can afford to take the high risk of losing your money. Licence data checked 12 Oct 2026. Details can change; always confirm on the regulator's register.