Pepperstone review

Is Pepperstone regulated where you live?

Pepperstone is regulated in every country it serves here. The company that opens your account and its regulator decide your leverage and protections, and where you live usually picks which Pepperstone company that is. In the United Kingdom, Pepperstone usually places someone with Pepperstone Limited, regulated by the FCA, which gives 30:1 and negative balance protection as a right. Someone in Brazil usually gets the global company, Pepperstone Markets Limited, licensed by the Securities Commission of The Bahamas, with more leverage, up to 200:1 on forex, and fewer protections. Because the Cyprus company’s Spanish site accepts only Spanish residents who qualify as professional clients, Spain lists no company.

Even if the global company takes you on, the group also holds licences from the FCA, ASIC, BaFin, CySEC and the DFSA. Those regulators check who owns and runs the group and hold the group’s companies in their countries to their rules on capital and client money, though those rules protect only those companies’ clients. The last column gives what the global company’s own terms say about your country.

These figures were checked between 4 October 2026 and 17 October 2026. Confirm them with the broker before you open an account.

Forex basket at the global company

Forex at the Bahamas company has one retail limit, 200:1, for every pair. Spreads are in pips. The Standard account charges no commission and adds a one-pip mark-up, while the Razor account charges a commission that differs by platform. Contract size, lot limits, trading hours and overnight financing aren’t published.

Key NP not published by the provider

These figures were checked on 14 September 2026. Confirm them with the broker before you open an account.

Commission, for every instrument in the table above: Standard: No commission. "We don't charge commission on margin FX trades made on our Standard account. There's a 1 pip markup on margin FX pairs." · Razor: "Commission on the Pepperstone platform is calculated as 3.5 USD per 1 standard FX lot per side." cTrader: 6 USD roundtrip fixed per unit. TradingView: 7 USD roundtrip fixed per unit. MT4/5: based on account currency and lot size.

Crypto basket at the global company

Crypto leverage is published only for Bitcoin, because the pricing page names no other coin. Neither account charges commission on crypto.

Key NP not published by the provider

These figures were checked on 14 September 2026. Confirm them with the broker before you open an account.

Commission, for every instrument in the table above: Standard: No commission. "We don't charge commission on cryptocurrency CFDs." · Razor: No commission. "We don't charge commission on cryptocurrency CFDs."

Account maximum against instrument ceilings

The Bahamas company’s account maximum of 200:1 holds for forex, gold and major indices (costs and fees page). Crypto and shares stop at 20:1, and metals other than gold at 10:1.

These figures were checked between 14 September 2026 and 26 September 2026. Confirm them with the broker before you open an account.

Elsewhere in the group, the UK company publishes its margin tiers for each instrument. The Australian company sets tiers across the whole account but doesn’t publish them, and the German and Cyprus companies say nothing on tiers. None of them promises notice before changing leverage.

Costs it publishes

Pepperstone’s European costs document gives average spreads of 0.1 and 1.1 pips on its two accounts. The overnight charge is tied to tom-next, and there’s no inactivity fee.

These figures come straight from each broker’s published information, with no check date noted. Confirm them with the broker before you open an account.

Funding

Funding on the group’s global pages takes USDT as the only named coin, and those crypto deposits go to the Bahamas company. The UK and Australian companies set their own terms, shown in the by-country table below, and the same facts for every broker are on the comparison page. Because the broker can change these terms and those in the by-country table below at its own discretion, always double-check them on the broker’s own website before you deposit.

These figures were checked between 10 September 2026 and 29 September 2026. Confirm them with the broker before you open an account.

Funding, by country

Funding from Australia can use PayID and BPAY, and Thailand gets PromptPay. Outside those two, no country here has a local payment rail the group accepts. Crypto deposits are taken from Australia and from every Latin American and South-east Asian country, but not by the UK and Cyprus companies. The German company publishes no funding methods at all.

Key NP not published by the provider

These figures were checked between 27 September 2026 and 16 October 2026. Confirm them with the broker before you open an account.

Platforms and tools

Platforms on offer include cTrader and Pepperstone’s own as well as MetaTrader and TradingView. Pepperstone’s hosted servers are free, but only with Pro status.

Key NP not published by the provider

These figures come straight from each broker’s published information, with no check date noted. Confirm them with the broker before you open an account.

What you can trade

You can trade over 1,350 instruments, most of them share CFDs, but no bonds or options. Pepperstone’s figures were sourced on 12 March 2025, as its own page states (trading accounts).

Key NP not published by the provider

These figures come straight from each broker’s published information, with no check date noted. Confirm them with the broker before you open an account.

More markets don’t always mean a better broker for you. Leverage, overnight financing, execution and costs often affect a trade more (what matters besides the market count).

Every company in the group

Each company holds its own licence, and the protection comes with that licence. The Dubai company, under the DFSA, isn’t the one for any country above. Only the UK company’s filed accounts are shown, and Pepperstone isn’t listed on a stock exchange.

Key NP not published by the provider

These figures were checked between 4 October 2026 and 17 October 2026. Confirm them with the broker before you open an account.