Pepperstone review

EU/EEA licence Australia Forex / CFD Founded 2010 Reviewed 30 September 2026
74
Good protectionProtection Score out of 100. See breakdown

Australian ECN-style broker with raw-spread accounts on MT4, MT5, cTrader and TradingView; EU clients are served by Pepperstone EU in Cyprus.

Headquarters
Australia
Founded
2010
Type
Forex & CFD brokers
Licences on record
7 (3 European)
EU client entity
Pepperstone EU Limited (CySEC) and Pepperstone GmbH (BaFin)
Platforms
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Products
Forex, CFDs, Spread betting
Website
pepperstone.com

Strengths

  • Raw-spread "Razor" accounts suited to active and algorithmic trading
  • MT4, MT5, cTrader and TradingView all available
  • EU entities in Cyprus and Germany, plus FCA, ASIC and other licences
  • Known for execution quality and support

Watch-outs

  • Few products beyond CFDs and spread bets
  • Research and education are adequate rather than outstanding
  • Beginners may prefer a simpler all-in-one app

Overview

Pepperstone was founded in Melbourne in 2010 and grew into one of the largest retail FX and CFD brokers by volume, with a focus on active traders using third-party platforms.

Which entity serves you

European residents are onboarded by Pepperstone EU Limited, licensed by CySEC, or Pepperstone GmbH, supervised by BaFin; UK clients by Pepperstone Limited (FCA). ESMA retail protections apply to EU retail clients. International clients may be served by a Bahamas entity – check your agreement.

Platforms and pricing

Pepperstone offers MetaTrader 4, MetaTrader 5, cTrader and TradingView, plus its own platform. Two main pricing models: a Standard account with costs in the spread and a Razor account with raw spreads plus commission. Scalping, news trading and Expert Advisors are generally permitted.

Our view

For traders who care about execution and platform choice, Pepperstone is among the strongest options with a genuine EU entity. Compare the all-in cost of Standard vs Razor with the trading cost calculator.

Licences on record

Brands often operate several companies. The one that onboards you depends on where you live, and that company's regulator decides your protection. Confirm the entity on the official register before you deposit.

RegulatorJurisdictionTypeCheck it
FCA Financial Conduct Authority United Kingdom UK Official register
CySEC Cyprus Securities and Exchange Commission Cyprus EU/EEA – passportable Official register
BaFin Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) Germany EU/EEA – passportable Official register
ASIC Australian Securities and Investments Commission Australia Non-European Regulator website
DFSA (Dubai) Dubai Financial Services Authority United Arab Emirates Non-European Regulator website
CMA Kenya Capital Markets Authority (Kenya) Kenya Non-European Regulator website
SCB Securities Commission of The Bahamas Bahamas Offshore Regulator website

What protection would you get?

If you are a retail client of Pepperstone's European entity, these safeguards apply by law. Which one applies to you depends on the entity you sign with.

Via a FCA-licensed entity
United Kingdom
Via a CySEC-licensed entity
Cyprus · EU member state
Via a BaFin-licensed entity
Germany · EU member state

Verify Pepperstone yourself

  1. Find the exact company name in the footer of the website and in the client agreement you are asked to sign.
  2. Search that name on the register of the regulator listed for your country (links above). Make sure the register shows the same website domain.
  3. Check warning lists for look-alike names: IOSCO I-SCAN covers alerts from regulators worldwide.
  4. Never download remote-access software or move money because someone "from the broker" phoned you. How clone-firm scams work.

Protection Score breakdown

FactorPoints
Holds at least one European licence (EU/EEA, UK or Swiss)+40
ESMA/FCA retail protections available (leverage caps, negative balance protection, compensation scheme)+15
Supervised in 5 strong jurisdictions+12
Operating for 16 years+7
Total74/100

The score measures structural protection from licences and corporate facts, not costs, service or platform quality. A high score does not mean a firm is right for you. Methodology.

Trader experiences

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About this data

Profile type: reviewed profile. Licence data is from our research and has not yet been re-checked against every register; confirm it on the official register before relying on it. Last updated 30 September 2026.

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