Pepperstone Review 2020 Is a Scam or Legit Broker

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Pepperstone Review


Leverage: 1:30 | 1:500

Regulation: FCA, ASIC

Min. Deposit: 200 US$

HQ: Australia

Platforms: MT4, MT5, cTrader

Found in: 2020

Pepperstone Licenses

  • Pepperstone Limited authorized by FCA (UK) registration no. 684312
  • Pepperstone Group Limited – authorized by ASIC (Australia) registration no. ACN 147 055 703, AFSL 414530

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Before you choose a broker to trade with, make sure to check on the necessary trading information and check its legit status. For this reason we assist in choices by reviewing brokers, and here is Pepperstone Review.

What is Pepperstone?

Pepperstone is a wholly-owned subsidiary of Pepperstone Group Limited, an Australian-based company established in 2020, which has quickly grown into one of the large forex and CFD worldwide providers. Pepperstone Limited was launched in the UK in 2020 while expanded their services to cover the needs of UK and European clients through local access. Overall, the group serves offices in major financial destinations Melbourne, Dallas, Bangkok and London.

Pepperstone was originally founded as a specialist forex broker providing access to interbank execution and low spread pricing. However, further on Pepperstone established assistance service for both retail and institutional traders through low-cost pricing by the multiple direct destinations of liquidity, without a deal desk and became execution-only broker. The Pepperstone quotes coming from as many as 22 Major Banks and Electronic Crossing Networks, therefore traders can place orders assured of the best possible market price.

The markets or instrument offering includes 70+currency pairs, Cryptocurrencies (with access to trade Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin against the US Dollar, with leverage 5:1), metals, commodities as well a range of major indices across the multiple broker’s platforms.

Indeed, Pepperstone strives to propose the best options to traders community was recognized by numerous awards, which the broker received regularly along to the great reviews from traders themselves.

  • Exporter of the Year | Digital Technologies | Governor of Victoria Export Awards 2020
  • #1 Overall Client Satisfaction | #1 Value for Money | #1 Execution Speed | #1 Spreads | #1 Platform Reliability | #1 Platform Ease of Use | #1 Commissions | Investment Trends

However, to get offering more clear you should check and consider the most important information that the broker’s offering consists of. With this purpose, in this review we cover the following highlights:

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Is Pepperstone safe or a scam?

Pepperstone as established Australian broker complied its operation according to the respected regulation by the Australian Securities and Investments Commission (ASIC), as well as the holder of an Australian Financial Services Licence. In addition, Pepperstone holds relevant authorization at every region it operates. Therefore, clients’ residents of the UK and EEA are processed by the Pepperstone Limited that is a registered UK company and regulated by the Financial Conduct Authority.

Pepperstone entity Regulation and License
Pepperstone Group Limited ASIC (Australia) registration no. ACN 147 055 703, AFSL 414530
Pepperstone Limited FCA (UK) registration no. 684312

The above regulators strictly oblige the broker to follow the required performance, hence Pepperstone has no doubts about their reliability. Both, ASIC and FCA demands financial services firms follow strict capital requirements, fully segregate traders account from the company funds, comply to internal risk management, training, accounting, audits and many more. In addition, the company provides Negative Balance protection and automated Risk Management System to secure clients safe trade.

Trading Platforms and Tools:

The Pepperstone’s trading technology and software mainstays the importance of performance and then an additional included parameters. With 11 Pepperstone trading platforms offering MT4 or its new version MT5 and cTrader on various versions so you truly gain a powerful trading solution with your own way of strategy or output since all trading styles are supported.

The popular choice of MetaTrader4 supports various devices from the web, desktop or mobile applications all at your choice. As well the platform offers a rich, user-friendly interface and hosts order management tools, indicators, expert advisors, DDE protocols and many more. In addition, Pepperstone enhanced platform with Smart Trader Tools, a package with over 10 smart apps that makes trading more efficient.

The fans of cTrader Platfrom are welcomed also, as software believed to be one the most innovative and revolutionary trading platforms. As the platform based on an algorithmic logic it shows great performance and allows efficient position management in fast moving markets, while a combination of Pepperstone’s liquidity and robust infrastructure provides great productivity. The platform is also available on Web version as well through the mobile application. Yet, a key cTrader’s component is cAlgo, which designed to be a powerful tool with robots and indicators developed on C# for intuitive functionality.

– Pepperstone also is an active partner of Equinix, that creates state of art Forex trading infrastructure that directly exchange data with strategic partners and customers in close proximity.

Pepperstone fees and accounts

Firstly let’s check on the Pepperstone diverse of accounts that include different types designed to meet particular traders’ expectations and needs. While, all accounts offers same quality performance, support and comprehensive platform’s features, the beginning traders or non-professionals can sign for a Standard Account, a classical type on no commission basis and institutional grade STP spreads from 1.0 pips available in MT4 platform. A choice for professional traders who prefer to pay commission instead of spread consistent in Razor Accountcommission from 3.5$ and spread from 0.0 pip, while leverage is flexible along with advanced algorithms for execution speed.

Moreover, active traders with high volume or institutional traders may access Active Trader Program specialized specifications with spreads from 0.0 pips, advanced reporting and dedicated manager, as well as VPS hosting service, custom solutions like API, FX GUI and leading third party providers. Moreover, traders following Sharia rules may sign for a SWAP Free Account with STP spreads with 0 commission.

Pepperstone Spread

Pepperstone spread as we mentioned before is provided by multiple liquidity providers, therefore you definitely get very competitive pricing, while spread considered to be among the industry lowest spreads. See the typical spread reference in the table below, yet you may see a slight difference between spread on Standard or Razor accounts, where e.g. EUR/USD minimum spread starting from 0 pips and most often overages on 0.16-0.2 pips. For the most accurate data check the official Pepperstone website or platform.

Asset/ Pair Pepperstone Fee Terms
EUR/USD 0.2 pips
Crude Oil WTI 0.8 pips
Gold 1.4 pips

For instance, check out and compare fees with another popular broker Plus500.

Another point to admit is awarded support provided by the Pepperstone. Their commitment to the client’s satisfaction includes 24 hour live chat facility and support, full self-service Secure Client Area for account management, as well as real time news feeds with education resources and market commentary.

Pepperstone leverage

Being an Australian broker, Pepperstone still offers a quite high leverage level up to 1:500 on Forex, which you can benefit from. Yet, make sure to learn deeply about leverage and how to use it smartly, as an increase of your trading size may pay a significant role in your either potential income or looses as well.

However, in regards to the traders from Europe or those which account are registered with Pepperstone UK, as the European ESMA regulation recently lowered the maximum allowed leverage with a security purpose the maximum leverage level is 1:30 on Forex instruments.

Pepperstone Deposits and Withdrawals

Pepperstone’s enables clients to fund an account with ease throughout client area, as well to choose account currency that includes AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, CAD, SGD and HKD. In simple words, means you can skip exchange fee and may benefit from trading in your local currency. In terms of funding methods, Pepperstone offers Bank Wire, Credit/Debit cards, Skrill, Local Bank Deposit, Neteller, Bpay, Union Pay and Broker to Broker transfers between existing brokers.

Pepperstone minimum deposit

The minimum deposit amount is as low as 200$ for any account type of your choice.

Pepperstone withdrawal fee

What is more, Pepperstone does not charge any internal fees for deposits or withdrawals, however, international bank institutions may attract fees from either party which will be referred to the client.

Conclusion on Pepperstone

As we found out, whenever possible Pepperstone aim to create, develop, or introduce solutions that make trading easier, fairer and even more professional for every client. As a regulated broker, the broker delivers a reliable trading solution, while you can concentrate on trading assured the money handled safely.

What we liked the most is the prouder broker’s trade execution that starts from 50ms of latency, settled immediately, with no delays, rejects, or requotes, and of course fantastic, very competitive pricing model throughout powerful trading software. Overall, Pepperstone works perfectly well towards maintaining its core values while offering the best possible service, low-latency execution, low-cost spreads, and exceptional customer support.

Lastly, will be great to know your personal opinion about Pepperstone and its trading conditions, which you may share in the comment area below.

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Pepperstone Review 2020: Is a Scam or Legit Broker?

Pepperstone Broker Review: this is the name of a forex broker that is located in Australia. Is a scam or legit broker.

This brokerage presents a professional look on it page and from the onset offers traders a “30-day demo account”. The address for this brokerage is at:

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Level 16, Tower One, 727 Collins Street, Melbourne, VIC, Australia, 3008.

It promises to assist traders each step of their trading journey and make their strategies work. Further, Pepperstone assures clients of fund protection and low spreads.

Trading instruments are impressive and they include the regulars: Forex, CFDs and commodities. Educational resources are also made available for traders along with opportunities to learn from other traders.

“News and Analysis” is a section of the website where clients can get market analysis from experts. They claim to have multiple awards for their excellence.

Pepperstone Trading Platform

Pepperstone Trading Software allows traders make use of the MetaTrader 4, MetaTrader 5 and cTrader trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading products that are made available to traders by Pepperstone includes; 60+ currencies, 5+ cryptocurrencies like Bitcoin, Litecoin, Ethereum, and 30+ CFDs on Gold, Silver, Oil, and other commodities.

It offers a maximum leverage of up to 1:500, which is quite high considering that it could also lead to high loss rates. The spreads on the EUR/USD is averaged at 0.1 pips.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal Methods on Pepperstone

Deposit are allowed via: Bank Wire, Visa, MasterCard, BPay, Netwller, PayPal, Poli, Skrill, Transfer from Existing Broker, UnionPay. Withdrawals can be made through: Bank Wire, Neteller, PayPal, Skrill, UnionPay.

Standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on. It is so for Pepperstone and this is a good sign.

A $1 minimum deposit requirement is offered by this broker and this is encouraging as the obtainable average is between $100-$250. We could not find any information on withdrawal charges and fees.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Pepperstone Licensed?

Yes. Pepperstone is owned by an Australian licensed company known as Pepperstone Group Limited. However, we found that it does not operate in the UK, Europe, and the US.

It has a Trustpilot score of 4.0/5 stars rating published on the website and we found that it also has a positive rating of 3.4/5 stars on FPA.

Negative reviews receive prompt responses from representatives of the broker as well, showing a good customer support.

Pepperstone Support

To contact a customer care agent, clients can call: +61 3 9020 0155 or email: [email protected]

Conclusion on Pepperstone

Pepperstone is a regulated broker with a good customer support system as well as an encouraging minimum requirement. The spreads are advantageous and the trading systems are good as well.



Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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