Pepperstone is a forex broker from Australia founded in 2010 with over 57,000 traders registered and $9.2bn trades every day. It’s regulated broker by ASIC in Australia and FCA in the UK, it segregates the client funds with tier 1 banks, and it offers many fee-free deposit methods.

Pepperstone has received many global awards in Australia and the United Kingdom. It’s awarded as Best Forex ECN Broker, Best Trading Platform, Best Forex Trading Support, and more. With prestigious awards from Investment Trends, Deloitte, and the Governor of Victoria.

It offers tight spreads starting from 0.1 pip spread and over 150 assets available to trade. Three trading platforms can be traded with a small deposit amount required. The smallest of lot trading size is 0.01 lots and the largest of lot trading size is 100 lots.


The Razor account has a $3.76 commission per 1 lot traded. For the Standard account, there’s no commission charged.


Spreads on the Pepperstone broker vary on the account type. On Razor accounts, spreads start from 0 to 0.3 pips. And in Standard accounts, spreads start from 1 pip to 1.3 pips.

Account Types

Pepperstone offers two account options that you can trade, the Standard account, and the Razor account. The main difference between the account types is the spread and transaction fees. To help you with choosing the right account type for your trading we explain the differences of Standard and Razor account with spread details, commission fee, and more.

Standard Account

The standard account offers spreads starting with the liquidity of 1.0 pips. It has wider spreads compared to the Razor Account. It provides you with the protection of negative balance with a stop out margin call and execution. The standard account is more suitable when it comes to algorithm trading compared to Razor Account. Trading with Standard Account is available in MetaTrader 4, MetaTrader 5, and cTrader.

Razor Account

Razor account provides tight, raw ECN spreads plus commission. When you trade with Razor account you will pay commission for each trade you have opened. With an amount of $3.50 charged on your account for each standard lot you buy and an amount of $3.50 for charged for each standard lot you sell. Trading with Razor Account is available with either the MetaTrader (MT4) or cTrader.

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Instruments Available

With flexible leverage up to 500:1, low commissions, and tight spread Pepperstone, it offers over 155 instruments to trade. Many instruments are available to trade such as Forex, Index CFDs, Share CFDs, Commodities, Cryptocurrencies, and Currency index CFDs on three powerful trading platforms.


With over 61 currency pairs divided on Major, Minors, Crossing, and Exotic currency pairs available to trade and with low commissions and competitive spreads. With some of the lowest spreads on the forex market, from 0.0 pips on razor accounts, and free commission for standard accounts Pepperstone offers high-quality and fast execution of trades. Currency trading is available on MetaTrader 4, MetaTrader 5, cTrader, and leverage up to 500:1.

Index CFDs

With 14 major stocks from the US, Europe, Australia, and Asian indices are available for trading. Commission-free applies to standard accounts, low latency, re-quotes, and available to trade on MetaTrader 4, MetaTrader 5, and cTrader. With the most competitive spreads and a leverage of up to 200:1.

Share CFDs

More than 60 top stocks such as Apple, Facebook, IBM, Tesla, etc are available to trade. With a small commission of $0.02 per share when you open and close your position. Free commission applies for all standard accounts and fast execution speed on orders. Available to trade on MetaTrader 5, cTrader, and with a leverage of 20:1.


Available to trade more than 15 commodities such as Gold, Oil, Gas, Sugar, Cotton, and more. Low spreads and free commission for all standard accounts and available for MetaTrader 4, MetaTrader 5, cTrader with flexible leverage of up to 500:1.


Without the need for a digital wallet, Pepperstone offers 8 cryptocurrency pairs to trade as Bitcoin, Ethereum, Litecoin, and more. It offers hedging on a single account with no commission fees and available for trading on MetaTrader 4, MetaTrader 5, cTrader with leverage up to 5:1.

Currency Index CFDs

The USDX is the most traded currency index with 6 major currencies such as Euro, Yen, Canadian Dollar, Swedish krona, Swiss franc, and Pound sterling against the US Dollar. Starting from a small spread of 0.3 pips and available to trade on MetaTrader 4, MetaTrader 5, cTrader with a leverage of up to 100:1.

Platforms of Trading

Pepperstone offers three trading platforms with MetaTrader 4 being one of the most popular platforms of trading followed by MetaTrader 5 and cTrader. Each of the platforms offers different features and tools for analyzing the market, with many indicators available for backtesting, and smart traders tools integrated.

MetaTrader 4 is one of the most popular trading platforms for Forex trading with many features and tools. With MetaTrader 4 you can build and run your expert advisors using MQL4 and access 28 extra Smart Trader Tools and Expert Advisors. It offers 85 pre-installed indicators available and it’s on Windows, iOS, Android, Mac OS, and Browser too.

MetaTrader 5 is like MetaTrader 4 but with more advanced features and tools available. But, MetaTrader 5 provides more trading features to access CFDs, stocks, and futures. With MetaTrader 5 you have the ability to choose 21 timeframes compared to MetaTrader 4 which offers only 9 timeframes. It’s available on Windows, iOS, Android, Mac OS, and Browser too.

cTrader is an advanced order capability and customization platform available to trade many commodities expect Index CFDs. cTrader marks 10 years of creation but it doesn’t have the popularity of MetaTrader 4. But, when it comes to user interface and the design, the cTrader outstands MetaTrader 4 and 5. cTrader is available only for Windows and Browsers.

WebTrading is an online platform that allows you to trade through a web browser. The trading platform on the browser it’s simpler than other forex trading platforms. But the platform it’s very simple to use, you can quickly open positions, close positions, etc.


Pepperstone offers a range of trading tools to help you manage your trading risk, developed to improve your trading strategies. Tools as Smart Trader Tools, cTrader Automate, Autochartist, API trading, and VPS hosting is available for Pepperstone users and integrated on MetaTrader 4, MetaTrader, and cTrader.

Smart Trader Tools

This is a package of expert advisor and indicator tools with a goal of improving your trading execution and account management. It optimizes your trading strategy, manages your risk with 28 smart trading apps available, including expert advisors and exclusive indicators. Smart Trader Tools help you unlock the full trading potential and make your trading experience easier and more enjoyable.

Expert advisors on this tool assist you to access in-depth the market with correlation analysis across timeframes and allow you to hide your pending orders from other market participants. And with its own indicators designed to read the market easier with Candle Countdown, Mini Charts, Pivot Points, Order History, Bar Changer, and more. Smart Trader Tools are available for MetaTrader 4, MetaTrader 5, and integrated on these platforms.

cTrader Automate

With cTrader, you can backtest and optimize your trading strategies by creating automated trading robots and custom indicators. It creates indicators using the popular C# language and it uses functional cTrader API. cTrader Automate.API programming code helps traders and developers using the tool easier. Its own functionality supports Forex and CFDs. Market Data, trading history, order types, modification settings, symbols, and accounts supported on cTrader Automate.API.


Autochartist it’s built to provide and identify market movements, as well to identify price levels. It helps you with a risk management tool that can help you on your journey of successful trading. Autochartist can detect market patterns as Triangle, Wedges, Double Tops, and Double Bottoms with the function to notify in real-time. With Autochartist you can execute trades straight from the Autochartist email and integrated on MetaTrader 4 and 5.

API trading

Application Programming Interface trading it’s developed for traders that use automated trading systems or develop their own custom-built system. With API Trading you get more depth of the foreign exchange market and gives access to many liquidity providers for getting the best pricing.

VPS Hosting

VPS (Virtual Private Server) allows traders to open trades on a virtual machine 24 hours a day and 7 days a week. It allows traders to run automated algorithmic strategies, including expert advisors with ultra-low latency times. With VPS you end the system downtime due to internet connection failures and technology failures.


  • Investment Trends Australia Leverage Trading Report Winner
  • Professional Trader Awards
  • Global Forex Awards
  • UK Forex Awards
  • Australia FX Report Investment Trends Winner
  • Australian Growth Company Awards

Premium Clients Program

Pepperstone offers a premium client service designed to offer its premium clients with exclusive rewards, benefits, and exceptional priority service. To become a premium client member you need to qualify for one or more of the following thresholds for two consecutive calendar quarters.

  • Market Volume Per Month
  • FX $15m USD notional volume
  • Commodities $15m USD notional volume
  • CFDs $15m USD notional volume

Benefits of Premium Clients

With being a member of the Premium Client program you’ll enjoy exclusive benefits. Advanced market insights give you access to a range of expert trading resources and exclusive insights from a team of analysts experienced on trading.

You will earn premium rebates, paid daily with the Pepperstone’s Active Trader program. Premium events offer its clients with exclusive invitations to VIP premium forex events, seminars and workshops, webinars, private dining experiences, and sporting events.

Funding & Withdrawal

Pepperstone offers a fee-free deposit and it supports deposit method of Visa, Mastercard, POLi Bank transfer, BPay, PayPal, Neteller, Skrill, Union Pay. For withdrawals, Pepperstone clients can choose Bank transfer, Credit/Debit, and Electronic wallets.

Most of the deposits and withdrawals as Credit Cards, PayPal, Neteller, Skill, BPay, and Electronic Wallet are processed within 1 working day. There’s no minimum deposit on Pepperstone forex broker as you can deposit $1, $5, $10, etc.

Withdrawals by Bank Wire Transfer usually take 3-5 working days. All the withdrawal methods are with $0 fees with the expectation of Bank Wire Transfer that costs AUD$20 for withdrawal.

Customer Service & Bonuses

Customer support for Pepperstone users is available through live chat and phone support 24/5 and with email support 24/7. FAQ section is available with the most basic questions and educational articles and videos. Pepperstone offers free webinars and courses for new beginners in trading.

The company does not offer any bonuses but they offer a referral program and rebate program for their own clients. Peppestrone offers a $100 bonus if you refer a client with a deposit of $1,000 and over 5 lots traded. The rebate program called Active Trader Program gives you the opportunity to earn forex cash rebates based on your trading volume of lots.

Account Opening

  • Go to and complete the registration
  • Pass the suitability test
  • Verify your trading account with ID and a proof address document
  • Fund your trading account.

After your account passes the verification, you need to deposit funds and start trading.

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