Regulated
Best overall
Built for people
who already know
what they’re doing.
Raw institutional pricing, available on every major platform. Thin on hand-holding.
We don't link to Pepperstone from your region, because it doesn't serve retail clients here through a locally regulated company. You can still read our full review. Pepperstone serves UK, EU and Australian clients through locally regulated entities.
We don't link to brokers from the US or Canada, because retail CFD trading isn't offered to residents there. You can still read our full review.
We don't link to brokers from your country. You can still read our full review.
Account links appear once we can confirm your region. You can still read our full review. Pepperstone serves UK, EU and Australian clients through locally regulated entities.
You open directly with the broker — we never take your documents or your money.
Raw institutional pricing with a visible commission, and five platforms on one account — MT4, MT5, cTrader, TradingView and its own.
Pepperstone ties XM at $8.00 a lot in the EU, a dollar above ActivTrades, on each broker’s own published spread and commission. ActivTrades and Vantage undercut it in the UK, Vantage in Australia, and Exness in the wider Global market. Support is chat-only outside market hours and there’s little education. If this is your first account, that gap matters more than the fraction of a pip you save.
How the score adds up
73.60% of retail accounts lose money — Pepperstone Limited, UK.
$8.00 a lot on its own published figures. ActivTrades and Vantage are $1 lower, Exness $2 lower in the Global market.
MT4, MT5, cTrader, TradingView and its own Pepperstone Platform.
Minimal educational content. If you've never placed an order, start somewhere else.
Chat only outside market hours.
What each account costs you
All-in cost: $8.00 per standard lot — spread plus commission, on the cheapest account.
At 5 lots a month, that's about $480 a year in trading costs.
- Typical spread
- 0.1 pips
- Commission
- $7/lot
- Swap (long/short)
- −0.9 / +0.2
- Typical spread
- 1.1 pips
- Commission
- $0/lot
- Swap (long/short)
- −0.9 / +0.2
Where and how you trade
MT4 · MT5 · cTrader · TradingView · Pepperstone Platform
Open Pepperstone if…
- You trade often enough that a tenth of a pip is real money.
- You want cTrader or TradingView on the same account as MetaTrader.
- You want a raw/ECN account with a visible commission rather than a spread-only markup.
- You want a tier-one licence in almost every region we cover.
Which entity holds your money
Same brand, different legal entity depending on where you sign up — each carries its own regulator and protections.
Where you can open an account: Australia, United Kingdom, European Union, Everywhere else
- Registration
- AFSL 414530 · ACN 147 055 703
- Regulator
- ASIC 414530
- Registration
- FRN 684312 · Co. 08965105
- Regulator
- FCA 684312
- Registration
- Licence 388/20 · HE 398440
- Regulator
- CySEC 388/20
- Registration
- SIA-F217 · varies by residence
- Regulator
- SCB · DFSA · CMA
- Licence summary
- FCA · ASIC · CySEC · BaFin · DFSA · SCB · CMA (Kenya)
- Compensation scheme
- UK: FSCS up to £85k · EU: ICF up to €20k · AU: no statutory compensation scheme · GL: none
What traders ask about Pepperstone
Is Pepperstone regulated in the UK, EU or Australia?
Yes. Pepperstone is regulated in the UK, the EU and Australia. In the UK: Pepperstone Limited, regulated by FCA 684312 (FRN 684312 · Co. 08965105). In the EU: Pepperstone EU Limited, regulated by CySEC 388/20 (Licence 388/20 · HE 398440). In Australia: Pepperstone Group Limited, regulated by ASIC 414530 (AFSL 414530 · ACN 147 055 703). Everywhere else: Pepperstone Markets Limited, regulated by SCB · DFSA · CMA (SIA-F217 · varies by residence). Pepperstone serves UK, EU and Australian clients through locally regulated entities. Licences & protection
What is Pepperstone's minimum deposit?
Minimum deposit: No minimum (recommended $200).
How much does Pepperstone charge to trade EUR/USD?
EUR/USD spread and commission: Razor: ~0.1 pips + $7 round-turn; Standard: ~1.1 pips, no commission. All-in cost: about $8.00 per standard lot. What each account costs
What leverage does Pepperstone offer?
Max. leverage: Retail up to 1:30 (FCA/ASIC/CySEC/BaFin); retail up to 1:200 (SCB); up to 1:400 (CMA Kenya); Pro up to 1:500. Retail leverage in the UK, EU and Australia is capped at 1:30 on major FX pairs.
Which platforms can I use with Pepperstone?
Platforms: MT4 · MT5 · cTrader · TradingView · Pepperstone Platform. Mobile: iOS; Android.
How long do Pepperstone withdrawals take?
Withdrawal payout: 1 business day.
Does Pepperstone offer a demo account?
Demo account: Unlimited.
Can I scalp or hedge with Pepperstone?
Hedging: Available. Scalping: Available.
Every number, checked
- Max. leverage
- Retail up to 1:30 (FCA/ASIC/CySEC/BaFin); retail up to 1:200 (SCB); up to 1:400 (CMA Kenya); Pro up to 1:500
- EUR/USD spread & commission
- Razor: ~0.1 pips + $7 round-turn; Standard: ~1.1 pips, no commission
- Platforms
- MT4 · MT5 · cTrader · TradingView · Pepperstone Platform
- Mobile
- iOS; Android
- Account currencies
- AUD, USD, GBP, EUR, JPY, CAD, CHF, NZD, SGD, HKD
- Currency pairs
- 70
- Hedging
- Available
- Scalping
- Available
- Support channels
- Live chat; Phone; Email
- Languages
- English, Chinese, Arabic, French, German, Italian, Portuguese, Russian, Spanish, Thai, Vietnamese
Specs verified 21 Sep 2026
The day-to-day
- Support
- 24/5 phone · live chat
- Demo account
- Unlimited
- Withdrawal payout
- 1 business day
Ready for Pepperstone?
Application, ID check, first deposit. Most people finish in one sitting.
Continue to Pepperstone →