Pepperstone Review

Introduction and Background information

Established:        2010

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

EAs/Robots:       Yes

News Spike Trading:       Yes

Scalping:              Yes

Account types

Minimum Trade Size:     0.01

Maximum Leverage:      500:1

Minimum to Open Live: $200


Currencies:         (60+)

Cryptocurrencies: and CFD:         86 Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

ZuluTrade:          Yes


Pepperstone offers traders access to AutoChartist, a popular software provider of automated pattern recognition and trading signals. Pepperstone also offers Smart Trader Tools, an MT4 add-on with tools such as sentiment indicators, which is available to clients with an account balance of at least AUD 500.


Pepperstone is authorised by the: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Trading Platform

Pepperstone offers the full MetaTrader and cTrader suites, including MT4 (desktop and web), MT4 Multi-terminal, MT5, cTrader (desktop and web), and cAlgo. Traders can use either account type, Razor, or Standard, with any platform.

Trading platforms:           MT4, MT5, cTrader Web Trading:              Yes

Mobile Trading: Yes

Copy trading: For social copy-trading, Pepperstone offers the MirrorTrader and RoboX platform from Tradency, the ZuluTrade platform, and myFxbook for MT4, in addition to the native signals markets from MT4 and cTrader. The addition of Chasing Returns and DupliTrade ($5,000 minimum required) for social-copy trading further expanded the firm’s offering.

Mobile trading at Pepperstone is conduct with either the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) mobile app, or the cTrader app, all of which are available directly from the developer.

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Deposit and Withdrawals

Deposit Methods:           Bank Wire, VISA, MasterCard, BPAY, Local Bank Transfers, Neteller, PayPal, Poli, Skrill, Transfer from Existing Broker, UnionPay

Withdrawal Methods:    Bank Wire, Neteller, PayPal, Skrill

Fees (spreads/commission)

Pepperstone offers two pricing models depending on the account type you open, ranging from the commission-based Razor Account to the Standard Account, which incorporates commissions into the prevailing spreads. Fees can also vary slightly, depending on the platform you choose to trade.

Razor Account: The Razor Account can be used with either the MetaTrader (MT4) or cTrader platforms and follows a commission-based pricing structure in addition to prevailing spreads. Average spreads of 0.16 pips on the EUR/USD in the Razor Account (as of October 2019) are comparable to industry peers when factoring in the commission of 0.753 pips to calculate the all-in cost of 0.91 pips on MT4 (or 0.86 pips on cTrader).

Standard Account: The standard account is commission-free but has higher spreads instead and is not as competitive as the Razor Account, as average spreads on the EUR/USD are 1.13 pips (Q3 2019), according to Pepperstone.

Active traders: Pepperstone’s active trader program offers discounts on the applicable commission rates – depending on the amount you deposit and your expected trading volumes – helping to boost its ranking in the active trader category. A minimum of 200 lots is required to qualify for the lowest tier, with a rebate of $1.00 per standard lot, and applies only to Razor accounts


Customer Support

[email protected],

+61 3 9020 0155



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