Pepperstone
Pepperstone is a global CFD broker founded in Australia in 2010. In the European Union, the broker operates through Pepperstone EU Limited, a Cyprus Investment Firm regulated by CySEC, offering access to forex, commodities, shares, indices, ETFs, cryptocurrencies and other CFD markets.
Min. Deposit
$10
Max Leverage
1:30
Est.
2010
Regulated by
FXJ Score
7.9
/ 10Execution Model
STP
How orders are processed
Segregated Funds
Yes
Client funds held separately
Negative Balance
Protected
You cannot lose more than you deposit
Scalping
Allowed
Short-term high-frequency trading
Pros
CySEC-regulated European entity
Global broker founded in 2010
MetaTrader 4 available
MetaTrader 5 available
cTrader available
TradingView available
Pepperstone proprietary platform available
Razor account with raw spreads
No inactivity fee
Broad CFD market range
Cons
CFD-only trading model
Higher transparency on index benchmark spreads would be useful
Razor account includes commissions on FX and XAU/USD
Share and ETF CFD commissions apply
Professional clients waive some retail protections
Product availability varies by jurisdiction
Crypto CFD availability may be restricted in some regions
CFDs are complex, high-risk leveraged products
Typical Spreads
Varies by account type| Symbol | Category | Typical Spread | Min Spread |
|---|---|---|---|
| EUR/USD | Forex | 1.0 pips | 0.0 pips |
| GBP/USD | Forex | 0.2 pips | 0.0 pips |
| USD/JPY | Forex | 0.3 pips | 0.0 pips |
| XAU/USD | Commodity | pips | 0.1 pips |
Typical Spread
1.0 pips
Min Spread
0.0 pips
Typical Spread
0.2 pips
Min Spread
0.0 pips
Typical Spread
0.3 pips
Min Spread
0.0 pips
Typical Spread
pips
Min Spread
0.1 pips
Account Currencies
Deposit Methods
Withdrawal Methods
Account Types
Standard Account
Commission-free CFD account where trading costs are mainly included in the spread. It is designed for traders who prefer a simple pricing structure and access to Pepperstone’s full CFD market range.
Razor Account
Raw-spread account for FX and XAU/USD trading with commission-based pricing. It offers raw spreads from 0.0 on FX and from 0.1 on XAU/USD, with commission from 3.50 USD per lot per side.
Professional Account
Account classification for eligible professional clients. Professional clients may access higher leverage, but they waive some retail protections available under the European regulatory framework.
Platforms
Instruments
FX Junction Verdict
Pepperstone is a strong multi-platform CFD broker for traders who want access to MT4, MT5, cTrader, TradingView and competitive Razor pricing under a regulated European entity. Its main drawbacks are CFD-only trading, platform-dependent conditions and less complete benchmark spread transparency for some non-forex instruments.