This profile is built from public sources. Each licence row below shows whether our team has checked it against the regulator's register yet. Always confirm on the register yourself before you deposit.
Pepperstone is an Australian broker focused on forex and CFDs with raw-spread pricing. It combines a broad set of licences with all four of the major third-party platforms.
Serving you from: Pepperstone Markets Limited — SCB #SIA-F217 Tier 3 (offshore)
Strengths
- Licensed by the FCA, ASIC, BaFin, CySEC, the DFSA and Kenya's CMA
- MT4, MT5, cTrader and TradingView are all available
- No minimum deposit on its main accounts
Weaknesses
- Privately held, so no public financial reporting
- Product range is narrower than multi-asset brokers
- Clients outside its licensed regions go to a Bahamas entity
Best for: Active forex traders who want raw spreads and a choice of platforms.
Visit PepperstoneOfficial site · we earn no commission here Compare
Key facts
- Founded
- 2010
- Headquarters
- Australia
- Publicly listed
- No
- Group regulators
- FCA, ASIC, CySEC, BaFin, DFSA, CMA, SCB
- Min. deposit
- $0
- Platforms
- MetaTrader 4, MetaTrader 5, cTrader, TradingView
- Execution
- ECN, STP
- Copy trading
- Yes
- Islamic account
- Yes
- Demo account
- Yes
Regulation and legal entities
A broker brand is usually several companies. The one you open an account with decides your leverage limit, whether you have negative balance protection, and which compensation scheme, if any, covers you.
| Legal entity | Regulator | Licence no. | Max. leverage | Our check |
|---|---|---|---|---|
| Pepperstone Limited United Kingdom · FSCS up to £85,000 | FCA Tier 1 | 684312 | 1:30 | Not yet verified by us Open register |
| Pepperstone Group Limited Australia | ASIC Tier 1 | 414530 | 1:30 | Not yet verified by us Open register |
| Pepperstone EU Limited Cyprus · ICF up to €20,000 | CySEC Tier 2 | 388/20 | 1:30 | Not yet verified by us Open register |
| Pepperstone GmbH Germany | BaFin Tier 1 | 151148 | 1:30 | Not yet verified by us Open register |
| Pepperstone Financial Services (DIFC) Limited United Arab Emirates | DFSA Tier 2 | F004356 | Varies | Not yet verified by us Open register |
| Pepperstone Markets Kenya Limited Kenya | CMA Tier 2 | 128 | Varies | Not yet verified by us Open register |
| Pepperstone Markets Limited Bahamas | SCB Tier 3 (offshore) | SIA-F217 | Varies | Not yet verified by us Open register |
Accounts and fees
| Account | Pricing | EUR/USD spread from (advertised) | Commission per lot, round turn | Min. deposit |
|---|---|---|---|---|
| Standard | Spread only | 1.0 pips | — | $0 |
| Razor | Raw spread + commission | 0.0 pips | $7.00 | $0 |
Figures in this table are the broker's own advertised conditions, not our measurements. Advertised “from” spreads are best-case values.
Spreads we measured
We have not measured live spreads for this broker yet. Until we do, cost does not count towards its rating.
Platforms and execution
Pepperstone offers MetaTrader 4, MetaTrader 5, cTrader, TradingView. Execution model as described by the broker: ECN, STP.
Deposits and withdrawals
We have not run our own deposit and withdrawal test with this broker yet. When we do, the log appears here with dates and times.
Country availability
Pick your country at the top of the page to see which Pepperstone entity would serve you.
Not accepted, according to the broker: United States.
Alternatives with a shared regulator
| Broker | Trust Score | Your entity & regulator | Min. deposit | Platforms | |
|---|---|---|---|---|---|
| CMC Markets Since 1989 · LSE: CMCX | 91/99 | FCA #173730 CMC Markets UK plc | $0 | Own platform, MetaTrader 4, TradingView | Review Visit CMC MarketsOfficial site · we earn no commission here |
| Interactive Brokers Since 1978 · NASDAQ: IBKR | 91/99 | CFTC/NFA #0258600 Interactive Brokers LLC | $0 | Own platform, TradingView | Review Visit Interactive BrokersOfficial site · we earn no commission here |
| City Index Since 1983 · NASDAQ: SNEX (parent) | 89/99 | FCA #446717 StoneX Financial Ltd | — | Own platform, MetaTrader 4, TradingView | Review Visit City IndexOfficial site · we earn no commission here |
Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.
Frequently asked questions
Is Pepperstone regulated?
Pepperstone operates through 7 legal entities in our database, holding licences or registrations with: FCA, ASIC, CySEC, BaFin, DFSA, CMA, SCB. Which entity you sign up with depends on where you live, and so does the protection you get. Check the licence number on the regulator's own register before you deposit.
What is the minimum deposit at Pepperstone?
Pepperstone advertises a minimum first deposit of $0 on its entry-level account. The amount can differ by entity, account type and payment method.
Which trading platforms does Pepperstone offer?
Pepperstone offers: MetaTrader 4, MetaTrader 5, cTrader, TradingView. Platform availability can vary between its entities.
Is Pepperstone a safe broker?
No broker is risk-free. Our Global Trust Score for Pepperstone is 54 out of 99. The score reflects the regulator tier of the entity that serves you, the group's other licences, company structure and track record. It says nothing about whether trading will be profitable for you.