Pepperstone
Pepperstone is an Australian broker with multiple tier-1 licences (ASIC, FCA, BaFin and more), known for its Razor account, fast execution and broad platform choice.
Leveraged trading carries a high level of risk and you may lose all of your capital.
Key facts
- Trading platforms
- MT4MT5cTraderTradingViewPepperstone PlatformMobile
- Account types
- StandardRazor
- Instruments
- ForexMetalsEnergiesIndicesStocksETFsCrypto
- Deposit & withdrawal
- Bank CardBank TransferE-wallets
- Features
- Accepts IraniansPersian supportIslamic accountCopy tradingDemo account
Score breakdown
Each criterion is rated 0–5 by our editorial team.
- Trust & Regulation4.7
- Fees & Costs4.6
- Platform & UX4.7
- Deposit & Withdrawal4.3
- Support4.3
- Features & Range4.3
Full review
Pepperstone was founded in Melbourne in 2010 and quickly became one of the world's largest FX/CFD brokers, with a focus on execution technology and competitive pricing.
It operates via entities regulated by ASIC (AFSL 414530), the FCA (684312), CySEC (388/20), Germany's BaFin, Dubai's DFSA, Kenya's CMA and the Bahamas SCB. This breadth of regulation is a key strength, though protections and leverage vary by entity.
Two main accounts are offered: Standard (commission-free) and Razor (raw spreads plus commission). MT4, MT5, cTrader, TradingView and Pepperstone's own platform are supported, and copy trading is available via Myfxbook, DupliTrade and in-house tools.
There is no mandatory minimum deposit; funding is via cards, bank transfer and e-wallets. Pepperstone does not accept residents of Iran.
Last updated: Oct 6, 2026
Pros & cons
- Multiple tier-1 licences
- Low-cost Razor account
- TradingView and cTrader support
- No mandatory minimum deposit
- Fast execution
- Only two main account types
- Limited long-term investing products
- Does not accept residents of Iran
- High leverage only at offshore entity
Licences & regulation
Tier 1 means the strictest oversight.
| Regulator | Authority | Tier | Licence no. |
|---|---|---|---|
🇦🇺ASIC Australian Securities & Investments Commission | Australian Securities & Investments Commission | Tier 1 | 414530 |
🇬🇧FCA Financial Conduct Authority | Financial Conduct Authority | Tier 1 | 684312 |
🇨🇾CySEC Cyprus Securities and Exchange Commission | Cyprus Securities and Exchange Commission | Tier 1 | 388/20 |
🇩🇪BaFin Federal Financial Supervisory Authority | Federal Financial Supervisory Authority | Tier 1 | 151148 |
🇦🇪DFSA Dubai Financial Services Authority | Dubai Financial Services Authority | Tier 2 | F004356 |
🇰🇪CMA Capital Markets Authority (Kenya) | Capital Markets Authority (Kenya) | Tier 2 | 128 |
🇧🇸SCB Securities Commission of The Bahamas | Securities Commission of The Bahamas | Tier 2 | SIA-F217 |
User reviews
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