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Pepperstone Review

Pepperstone is a fantastic online broker, based in Australia.

Founded in 2010, Pepperstone is an Forex/CFD broker, headquartered in Australia. It is licensed and regulated by the Australian Securities & Investments Commission or ASIC.

  • ASIC Regulated
  • Pepperstone Minimum Deposit: $200
  • 100% Australian Broker

Pepperstone Disclaimer: Trading CFDs and FX carries significant risk and is not suitable for everyone. You have no interest in the underlying asset. Refer to our PDS, TMD and other legal docs on our website. Pepperstone Group Limited, AFSL 414530.

Its operations are entirely online and includes various markets to trade. Pepperstone is a Melbourne-based trading platform.

pepperstone australia

It also distinguishes itself for being an efficient and innovative broker. It has been the nominee and recipient of many prestigious awards.

  • Pepperstone has been recognized as Australia’s fastest growing company in 2014 by BRW magazine.
  • It was also the winner of the same year at the Governor of Victoria Export Awards.

Trading accounts

As a trader, you can manage multiple accounts with Pepperstone. For the usual clientele, there is the Edge Standard account which has Institutional Grade STP Spreads and does not warrant commissions.

For the more advanced and EA traders, there is the Edge Razor account. That uses Raw ECN spreads from 0.1 pips. The broker does charge a commission for this account – $3.5 for every trade worth 100k.

trading accounts

Additionally, active traders and institutional Partners of Pepperstone are also entitled to a Platinum account so called due to an elevated degree of services as well as an improved execution of ECN EDGE.

For Islamic accounts, the swap rate, the swap rate will be activated when holding trade positions overnight with no actual interest in forex trading.

Crucially for novice traders, there is the option of opening a demo account before trading with real money. This account uses the MT4 platform.

pepperstone demo account

However, any account you trade with Pepperstone will open you up to a wide variety of trading assets. This includes currencies and commodities, and also soft commodities like sugar, orange juice, cocoa etc.


  • Multiple options for accounts including Islamic account
  • Demo account available with MT4
  • Good educational programs
  • Superior technology and trade execution


  • Promotions only apply to Australian traders

Alternatives to Pepperstone are eToro and Plus500.

Trading Fees

Pepperstone charges a small fee for each trade. Here are fees you have to pay for CFD share trading:

US Shares (CFD) – $0.02 per share

AU Shares (CFD) – 0.07% per trade


On the whole, Pepperstone offers its traders a pleasant and efficient platform for trade. There a number of key features that make that possible.

pepperstone fees

Their most distinct feature by far has to be the EDGE environment. This just so happens to be the most thorough, high-functioning collection of foreign exchange technology in the whole industry.

The two main selling points with it for traders are its

  • super-fast capability for executing trades and
  • reducing the width of the accompanying spread.

You can also use EDGE to trade ECNs directly on the Metatrader 4 platform, which is as we know, the best forex platform available.

The amount depth into the market you get from EDGE really is in a class of its own. It is a big reason why this broker appeals so much to forex traders.

Any block order or high volume like scalping is delivered into the market with the highest possible price efficiency. Forex traders can trade with the biggest collection of exotics of any other forex broker and also 24 new currency pairs.

Now we come to the Electronic trading system for which Pepperstone has collaborated with the NASDAQ listed firm known as Equinix and come up with a groundbreaking infrastructure for forex trading situated in New York just over 10 miles from Wall Street.

MAM Multi Account Manager is intended for traders, who manage more than one account and use Expert Advisors, as well as money managers that use MetaTrader 4. To facilitate the quickest, most reliable assimilation, all of the processing has been centralized and based on servers.  So in effect, several hundred accounts can be traded with no appreciable delay for distribution.

Auto Trading

To open an account with Pepperstone, you need to make a minimum first deposit of $200 and receive leverage at 1:400.

There are numerous auto trading and social trading systems that can be accessed with Pepperstone including ZuluTrade, RoboX, MyFXBook Auto Trade, MirrorTrade, and MT4 signals.

All of these services enable traders to duplicate the systems of other traders on their own accounts.

Thanks to Pepperstone Webtrader, you can directly access your MT4 account on the web with no need to download and install it, and it works on most of the major operating systems including Windows, Mac OSX, and Linux.

Webtrader also enables people to refer the charts in real time with the help of advanced technical analysis and indicators. However, it can only be accessed by Demo accounts and Edge Live accounts.

Education services

There is a rich assortment of educational services offered by Pepperstone:

  • Daily posts on news previews
  • Market reviews
  • Economic calendar (so traders are promptly notified of upcoming events of interest)

Novice traders, as well as experienced traders, can refer more than 50 articles containing guidance and instructions and also a financial glossary which contains all sorts of information that is fundamental to the industry.

There is also a partnership between Pepperstone and BK Forex that brings in market reviews on a weekly basis as well as periodical webinars for the benefit of traders.


To make a deposit to you Pepperstone account, the options are conveniently variable from credit/debit cards to bank wire transfers and online payment programs like Skrill, Neteller, Qiwi, WebMoney etc.

To make a withdrawal, you must fill out withdrawal form online. If your withdrawal method is by bank wire transfer, it can take between 3 and 5 days to be processed.

Customer Support

Customer support from Pepperstone is available 24 hours a day primarily through email or live online chat forum.

There is also a telephone number to put you through to the office in Melbourne (1300 033 375).


What we can really appreciate about Pepperstone is that brings superior technology and trade execution to the table.

Compared to most of the competition, it does so with cheap spreads and very good customer service.

Be it ECN or Forex, there is no doubt this broker will be a serious contender on your list of candidates.


Pepperstone Disclaimer: Trading CFDs and FX carries significant risk and is not suitable for everyone. You have no interest in the underlying asset. Refer to our PDS, TMD and other legal docs on our website. Pepperstone Group Limited, AFSL 414530.

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