Pepperstone Review (2026)

Low-cost Forex & CFD Trading Platform

3,180 Reviews
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Trading CFDs involves risk

Overview of Pepperstone

Pepperstone was founded in 2010 and has grown into a well-known global broker offering forex and CFD trading with a strong regulatory framework.

It operates using an agency execution model, providing fast execution, competitive pricing, and direct access to deep liquidity.

What Does Pepperstone Offer?

A broad selection of markets including forex, indices, commodities, and share CFDs.

Multiple trading platforms are available: MT4, MT5, cTrader, TradingView, and Pepperstone’s proprietary platform.

Two main account types: Standard (spread-only) and Razor (raw spreads + commission).

  • Tight spreads from 0.0 pips on Razor account
  • Choice of MT4, MT5, cTrader, TradingView and proprietary platform
  • Fast, transparent execution model
  • Supports algorithmic and automated trading
  • Globally regulated with strong oversight
  • Suitable for both beginners and experienced traders
  • Tax-Free Spread Betting in the UK
  • Only CFD and forex trading — no direct stock or ETF investing
  • Overnight financing charges apply for held CFD positions

FAQs

What platforms does Pepperstone support?

Pepperstone supports MT4, MT5, cTrader, TradingView and its proprietary platform on desktop, web and mobile.

Are there minimum deposits?

Pepperstone generally allows starting with a relatively low initial deposit depending on the region.

What markets can I trade?

You can trade forex, indices, commodities, share CFDs and other global instruments.

Is Pepperstone regulated?

Yes, Pepperstone is regulated in multiple tier-one jurisdictions and offers client fund protection and segregated accounts.

Does Pepperstone support negative-balance protection?

Yes, negative-balance protection is provided for retail clients under regulated entities.

Does Pepperstone offer physical stock or ETF investing?

No, the platform focuses mainly on CFD and forex trading.


Disclosure

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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What Users Say (Trustpilot)

Based on public Trustpilot reviews Pepperstone

Mostly Positive • 3,200+ Reviews

  • 5-Star (Excellent)
    81%
  • 4-Star (Great)
    8%
  • 3-Star
    2%
  • 2-Star
    1%
  • 1-Star (Bad)
    8%

Pepperstone holds a TrustScore of around 4.5/5 based on thousands of reviews. Users commonly praise the tight spreads, fast execution, and responsive support. Some negative feedback mentions occasional delays in withdrawals or slower support during peak volatility. Overall, customer sentiment is strongly positive.

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Pepperstone

Nov 2025

Daniel W.

Excellent spreads and fast execution. The platform feels reliable and I had verification done within minutes.

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Pepperstone

Oct 2025

Sophia T.

Very solid broker with great pricing. Withdrawal took two days which is fine, but support was slower during a busy period.

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Pepperstone

Sep 2025

Robert M.

Razor spreads are some of the best I’ve seen. Works well for scalping and short-term trading.

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Pepperstone

Aug 2025

Monica L.

Had an issue with a stop-loss during news and it slipped more than expected. Could be volatility but not ideal.