Overview
Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia by Owen Kerr and Joe Davenport. The company has grown to become one of the largest forex brokers in the world, processing an average daily volume exceeding $12 billion. Pepperstone is known for its competitive pricing, fast execution, and award-winning customer service.
Pepperstone is regulated by ASIC (Australia), FCA (UK), BaFin (Germany), CySEC (Cyprus), DFSA (Dubai), CMA (Kenya), and SCB (Bahamas). The broker serves clients in over 160 countries and offers trading through MT4, MT5, cTrader, and TradingView platforms.
Pepperstone stands out for its Razor account with raw ECN spreads from 0.0 pips, no dealing desk execution, and a broad range of tradable instruments. The company has won numerous industry awards for its platform quality, spreads, and customer satisfaction.
Key Features
- Razor account: Raw ECN spreads from 0.0 pips with $3.50/lot commission
- No dealing desk: True ECN/STP execution model
- Multiple platforms: MT4, MT5, cTrader, TradingView
- Autochartist: Free AI-powered pattern recognition and trading signals
- Smart Trader Tools: Suite of 28 additional MT4/MT5 plugins
- Copy trading: Integrated with DupliTrade, Myfxbook, MetaTrader Signals
- Active Trader Program: Volume-based rebates for high-volume traders
- Free VPS: For traders with $500+ balance and 5+ lots/month
Supported Markets
| Market Type | Details | |-------------|---------| | Forex | 90+ currency pairs | | Indices | 28 global index CFDs | | Commodities | Gold, silver, oil, natural gas, softs | | Stocks | 1,000+ US, UK, EU, AU stock CFDs | | Crypto | BTC, ETH, and 25+ crypto CFDs | | ETFs | Select ETF CFDs | | Currency Indices | USD Index and others |
Fee Structure
| Type | Fee | |------|-----| | Forex (Razor) | From 0.0 pip + $3.50/lot per side | | Forex (Standard) | From 1.0 pip, no commission | | Index CFDs | From 0.4 points (US500) | | Crypto CFDs | Variable spreads, no commission | | Account minimum | $0 (A$200 recommended) | | Deposits | Free | | Withdrawals | Free (1 per month) | | Inactivity fee | None |
Platforms & Interfaces
- MetaTrader 4: With Smart Trader Tools plugin suite
- MetaTrader 5: Multi-asset with depth of market
- cTrader: ECN platform with algorithmic trading (cAlgo)
- TradingView: Direct broker integration
- Mobile: All platforms available on iOS and Android
Regulation
- ASIC (Australia)
- FCA (United Kingdom)
- BaFin (Germany)
- CySEC (Cyprus)
- DFSA (Dubai)
- CMA (Kenya)
Getting Started
- Open an account at pepperstone.com — Standard or Razor account
- Verify identity with government ID and proof of address
- Fund via bank transfer, card, PayPal, Skrill, Neteller (no minimum required)
- Choose MT4, MT5, cTrader, or TradingView and start trading