Forex BrokerTop pick

Pepperstone Review 2026

Award-winning execution with no minimum deposit

Founded 2010 Melbourne, Australia pepperstone.com Reviewed October 2026

FCAASICBaFinCySECDFSACMASCB

Min. deposit

Max leverage

1:500

Spread from

0.0 pips

Platforms

MT4, MT5, cTrader

Our score

4.8

Outstanding

Traders rate it ★ 4.5 (2 reviews)

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 70% and 85% of retail investor acco…

Our verdict

Pepperstone is a superb all-rounder: top-tier regulation, raw pricing and the best platform line-up in the industry. Its lack of a minimum deposit makes it accessible to new traders while professionals benefit from fast, consistent execution.

Best for: All-round trading & tier-1 safety

Pepperstone at a glance

Pepperstone is a multi-regulated Australian broker trusted by hundreds of thousands of traders. It combines razor-thin spreads with excellent platform choice, including TradingView and cTrader, and is licensed by several tier-1 regulators.

Rating breakdown

Weighted scores from our broker methodology

How we score →

Trust & Regulation4.9

Fees & Spreads4.8

Platforms & Tools4.9

Research & Education4.4

Deposits & Withdrawals4.8

Customer Support4.5

Pros and cons

Pros

Licensed by FCA, ASIC, BaFin and other top regulators
No minimum deposit and razor-thin raw spreads
Excellent platform choice incl. TradingView and cTrader
Fast, reliable execution with no dealing desk
Strong research and trading tools (Autochartist, Smart Trader Tools)

Cons

Customer support is not 24/7
Smaller stock CFD range than some multi-asset brokers
Not available to US clients

Key facts

Founded: 2010
Headquarters: Melbourne, Australia
Minimum deposit: $0
Maximum leverage: 1:500
Spreads from (EUR/USD): 0.0 pips
Commission (raw / ECN account): $3.50 per side per lot (Razor account)
Execution model: ECN, STP, NDD
Trading platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView, Proprietary platform, Mobile App
Markets: Forex, Indices, Commodities, Metals, Energies, Stocks, ETFs, Crypto
Number of instruments: 1,300+
Regulators: FCA, ASIC, BaFin, CySEC, DFSA, CMA, SCB
Restricted countries: USA, Canada, Belgium
Deposit methods: Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller, Apple Pay, Google Pay, UnionPay
Withdrawal processing time: Same day for most methods
Support hours: 24/5
Website: pepperstone.com

Account types

Account	Min. deposit	Spread	Commission	Leverage
Standard	$0	From 1.0 pips	None	1:500
Razor	$0	From 0.0 pips	$3.50 / side	1:500

Is Pepperstone safe and regulated?

Pepperstone is authorised by 7 financial regulators: FCA (United Kingdom), ASIC (Australia), BaFin (Germany), CySEC (Cyprus), DFSA (UAE), CMA (Kenya) and SCB (Bahamas).

This includes tier-1 oversight from FCA, ASIC and BaFin — among the strictest regulators in the world, with capital requirements, regular audits and client-money rules.

Client protections include segregated funds, negative balance protection and investor compensation.

Note that Pepperstone does not accept clients from USA, Canada and Belgium.

FCA

Financial Conduct Authority · Tier 1

ASIC

Australian Securities & Investments Commission · Tier 1

BaFin

Federal Financial Supervisory Authority · Tier 1

CySEC

Cyprus Securities and Exchange Commission · Tier 2

DFSA

Dubai Financial Services Authority · Tier 2

CMA

Capital Markets Authority · Tier 3

SCB

Securities Commission of The Bahamas · Tier 3

ASIC AFSL 414530FCA FRN 684312CySEC 388/20DFSA F004356CMA 128SCB SIA-F217

Fees, spreads and commissions

Spreads at Pepperstone start from 0.0 pips on EUR/USD, while the typical spread on the standard account is around 1.0 pips.

Commission on raw or ECN-style accounts: $3.50 per side per lot (Razor account).

The minimum deposit is $0 — there is no minimum to open an account.

Funding fees: No deposit or withdrawal fees (except some international wires).

Trading platforms and markets

Pepperstone supports MetaTrader 4, MetaTrader 5, cTrader, TradingView, Proprietary platform and Mobile App.

Advanced traders benefit from copy trading, expert advisors and algorithmic trading and free vps.

You can trade 1,300+ instruments across forex, indices, commodities, metals, energies, stocks, etfs and crypto.

Execution model: ECN, STP and NDD.

Deposits and withdrawals

Supported funding methods include Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller, Apple Pay, Google Pay and UnionPay.

Withdrawal processing time: Same day for most methods.

Accounts can be opened in USD, EUR, GBP, AUD, CAD, CHF, JPY, SGD, HKD and NZD.

Customer support

Customer support is available 24/5 via live chat, email and phone.

Support languages include English, Chinese, Spanish, German, Arabic and Thai.

Trader reviews

4.5

2 reviews

Sophie L.

United Kingdom · Oct 4, 2026

TradingView integration is superb

I trade directly from TradingView charts with my Razor account. FCA regulation gives me peace of mind and the spreads are excellent.

Marco P.

Italy · Sep 16, 2026

Solid broker

Execution is fast and the platforms are stable. I wish support was available on weekends.

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Pepperstone FAQ

Is Pepperstone regulated?

Yes. Pepperstone is regulated by FCA, ASIC, BaFin, CySEC, DFSA, CMA and SCB.

What is the minimum deposit at Pepperstone?

The minimum deposit at Pepperstone is $0.

Which trading platforms does Pepperstone offer?

Pepperstone offers MetaTrader 4, MetaTrader 5, cTrader, TradingView, Proprietary platform and Mobile App.

Does Pepperstone offer Islamic (swap-free) accounts?

Yes, Pepperstone offers swap-free Islamic accounts on request.

How long do withdrawals take at Pepperstone?

Withdrawals at Pepperstone are typically processed same day for most methods.

What is the maximum leverage at Pepperstone?

Maximum leverage is 1:500, depending on the entity, account type and your location. Retail clients in the UK, EU and Australia are usually capped at 1:30.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 70% and 85% of retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.