Score

7.77 /10
Good

pepperstone

Australia

10-15 years

Regulated in Australia

Market Making License (MM)

MT4 Full License

Global Business

High Potential Risk

Offshore Regulation

C
AA

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Comparison

Quantity 158

Exposure

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Website

Score

Regulatory Index8.92

Business Index8.00

Risk Management Index0.00

Software Index9.99

License Index8.73

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

PEPPERSTONE GROUP LIMITED

Company Abbreviation

pepperstone

Platform registered country and region

Australia

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2026-05-24
  • WikiFX has recorded a total of 138 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.
  • This broker has accumulated 2 negative field survey reviews on WikiFX. Please be aware of the risk and guard against potential fraud.

WikiFX Verification

pepperstone · Benchmark
Average transaction speed(ms)
358 Great
The highest transaction speed(ms)
73 Great
The highest speed of opening positions(ms)
78 Great
The highest speed of closing position(ms)
73 Great
The lowest speed of opening positions(ms)
1547 Good
The lowest speed of closing position(ms)
1812
Ranking: 96 / 118
Test user 856
Transactions 2,142
Ocuppied margin $5,249,331 USD
Data Source WikiFX Data provide
Updated: 2026-05-22 01:05:00
Sources
pepperstone · Company summary
Quick Pepperstone Review Summary
Founded2010
HeadquartersMelbourne, Australia
RegulationASIC, CySEC, FCA, DFSA, SCB (Offshore)
Market InstrumentsForex, shares, ETFs, indices, commodities, currency indices, cryptocurrencies, CFD forwards
Demo Account(30 days, $50,000 virtual funds)
Account TypeRazor, Standard, Swap-free, Pro
Min Deposit$0
LeverageUp to 1:200 (Retail)/1:500 (Professional)
EUR/USD SpreadAverage 1.1 pips (Standard account)
Trading PlatformsTradingView, MT4/5, Pepperstone platform, cTrader
Copy/Social Trading
Payment MethodsApple Pay, Google Pay, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Skrill, Union Pay, and USDT
Customer Support24/7
Tel: +1786 628 1209
Email: support@pepperstone.com, marketing@pepperstone.com

Pepperstone Information

Pepperstone is a Forex and CFD broker founded in 2010 in Melbourne, Australia. The company has quickly grown to become one of the largest Forex and CFD brokers in the world with over 150,000 clients across the globe. Pepperstone is regulated by top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), etc. It offers a wide range of trading instruments including forex, commodities, indices, currency indices, cryptocurrencies, shares, and ETFs.

Pepperstone's homepage

Pros & Cons

ProsCons
• Regulated by reputable financial authorities including ASIC, CySEC, FCA, DFSA, SCB (Offshore)High minimum deposit for swap-free accounts
• Multiple account options and funding methodsNo clear info on deposits and withdrawals
• Low spreads and commissions, particularly for active traders
• Advanced trading platforms including MT4, MT5, cTrader, and TradingView
• Negative balance protection

Is Pepperstone Legit?

Pepperstone, a reputable and respected online broker, has five regulated entities, operating under a strong regulatory framework globally.

Regulated CountryRegulated byCurrent StatusRegulated EntityLicense TypeLicense Number
Australia
ASICRegulatedPEPPERSTONE GROUP LIMITEDMarket Making (MM)000414530
Cyprus
CySECRegulatedPepperstone EU LimitedMarket Making (MM)388/20
UK
FCARegulatedPepperstone LimitedStraight Through Processing (STP)684312
UAE
DFSARegulatedPepperstone Financial Services (DIFC) LimitedRetail Forex LicenseF004356
Bahamas
SCBOffshore RegulatedPepperstone Markets LimitedRetail Forex LicenseSIA-F217

PEPPERSTONE GROUP LIMITED, its entity in Australia, is regulated by ASIC under license no. 414530.

Regulated by ASIC

Pepperstone EU Limited, its entity in Cyprus, regulated by CYSEC under license no. 388/20.

Regulated by CySEC

Pepperstone Limited, this broker's anothe entity in the UK, is regulate by the FCA under license no. 684312.

Regulated by FCA

Pepperstone Financial Services (DIFC) Limited, its entity in the United Arab Emirates, operates under the DFSA regulation, with license no. F004356.

Regulated by DFSA

Pepperstone Markets Limited, its global entity, is regulated by SCB offshore, with license no. SIA-F217.

Offshore regulated by SCB

How are you protected?

Pepperstone has implemented a number of measures to ensure the safety and protection of its clients' funds and personal information.

More details can be found in the table below:

Client Protection MeasuresDetail
RegulationASIC, CySEC, FCA, DFSA, SCB (Offshore)
Segregated AccountsEnsuring that client funds are protected in the event of company insolvency
Negative Balance ProtectionClients can not lose more than their account balance
Two-Factor AuthenticationProviding an additional layer of security to protect against unauthorized access to their trading accounts
Encryption TechnologyTo protect client information and transactions from potential threats such as hacking or fraud
Investor Compensation SchemeProvide protection to clients in the event of financial loss or misconduct by the broker

Our Conclusion on Pepperstone Reliability:

Overall, Pepperstone uses advanced security measures to protect its clients' personal and financial information. The broker's commitment to transparency, and customer satisfaction makes it a trustworthy choice for traders.

Market Instruments

Pepperstone offers various trading instruments across multiple asset classes, including:

Forex: Major, minor and exotic currency pairs, including USD/EUR, AUD/USD, EUR/GBP, and more.

Stocks: Trading of popular global stocks including Apple, Amazon, Google, etc.

Indices: CFDs on global indices, including S&P 500, FTSE 100, Nikkei 225, and more.

Commodities: CFDs on gold, silver, oil, and other popular commodities.

Cryptocurrencies: Trading of popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, etc.

Asset ClassSupported
Forex
Commodities
Indices
Currency indices
Cryptocurrencies
Shares
ETFs
Bonds
Options
Market Instruments

Accounts/Fees

Pepperstone offers two types of CFD trading accounts, including Razor and Standard accounts.

RazorStandard
Best forExperienced tradersBeginners
Minimum Deposit0
Account CurrenciesUSD, EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD, HKD
Trading PlatformMT4/5, cTrader, TradingView, Pepperstone platformMT4/5, cTrader, Pepperstone platform
Maximum Leverage (Retail)1:200
Maximum Leverage (Professional)1:500
Market ExecutionNo dealing desk (NDD)
Minimum Trading Size0.01 lots
Maximum Trading Size100 lots
SpreadRaw (from 0 pips)Raw + 1 pip increase
Commission (FX Only)From 3 USD per lot per side
Stop Out (Retail)50%
Stop Out (Professional)20%
Scalping
Expert Advisors (EAs)
Hedging
News Trading

Pepperstone also offer demo accounts, especially for traders to practice their trading skills and strategies. MetaTrader 4 and 5 demo accounts expire automatically after 30 days unless you have a live funded account and ask Pepperstone to set it to non-expiry for you. However, a non-expiry demo account can still be archived if its non-active after 90 days.

It provides traders with virtual funds to trade with and access to real-time market data, allowing them to simulate trading conditions without risking real money. It is a useful tool for beginners to get familiar with the trading platform and for experienced traders to test new strategies or instruments.

Sawp-free and Pro accounts are also available.

Leverage

Regarding European traders and those whose accounts are registered with Pepperstone UK, the European ESMA law has recently reduced the maximum permitted leverage for security reasons.

On Forex instruments, the maximum leverage allowed for retail clients is 1:30. However, leverage levels are contingent upon the entity's laws, such as international offerings. Pepperstone continues to offer leverage of 1:500 for professional clients on each asset.

Nonetheless, ensure you have a thorough understanding of leverage and how to utilize it intelligently, as an increase in your trading size can have a major impact on your potential earnings or losses.

Leverage

Trading Platforms

Pepperstone supports a variety of trading platforms, in addition to its proprietary Pepperstone App, it also offers popular TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader. These platforms are known for their advanced charting tools, technical analysis capabilities, and automated trading capabilities.

Pepperstone has mobile apps for MT4, MT5 and cTrader and is compatible with Android and iOS devices. Besides, traders at Pepperstone can trade on the official website without downloading any software.

Trading Platform

Deposits & Withdrawals

Pepperstone offers various deposit and withdrawal methods for its clients, including: UnionPay, Alipay, Visa, MasterCard, bank transfers, Neteller, Skrill, and U-Payment, USDT (Tether), Google Pay, and Apple Pay.

withdrawals

Pepperstone does not charge any deposit or withdrawal fees. But most International TTs are approximately $20.

Withdrawal forms received after 21:00 (GMT) will be processed the following day. If these are received before 07:00 (AEST) they will be processed on the same day. Withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach your account.

Pepperstone minimum deposit vs other brokers

PepperstoneMost Other
Minimum Deposit$0$/€/£100

Frequently Asked Questions (FAQs)

Is Pepperstone regulated?

Yes. Pepperstone is regulated by ASIC, CySEC, FCA, DFSA, and SCB (Offshore).

Does Pepperstone offer demo accounts?

Yes.

Does Pepperstone offer industry-standard MT4 & MT5?

Yes. Both MT4 and MT5 are available. Pepperstone also supports cTrader, TradingView, and its proprietary Pepperstone App.

What is the minimum deposit for Pepperstone?

There is no minimum deposit requirement.

Is Pepperstone a good broker for beginners?

Yes. Pepperstone is a good choice for beginners because it is regulated well and offers a wide variety of trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

News

ExposurePepperstone/激石 Review: A Regulated Broker Facing Deposit, Withdrawal and Login Complaints

Pepperstone/激石 carries multiple regulatory records, but the danger is in the complaint pattern: 2026 users report deposit and withdrawal channel failures, frozen-bank-card fallout, partial compensation, unreachable support, and one account access failure. Treat this broker review as a serious risk alert before moving funds.

WikiFX
2026-05-22 14:00
Pepperstone/激石 Review: A Regulated Broker Facing Deposit, Withdrawal and Login Complaints

ExposurePepperstone Review 2026: Regulation, Complaints, and Execution Risks

Pepperstone holds strong multi-jurisdictional regulation and a high base score, yet currently faces an excessive volume of documented user complaints regarding uncredited withdrawals, crypto network rejections, and extreme slippage. Cautious evaluation is strongly advised before funding an account.

WikiFX
2026-05-05 14:00
Pepperstone Review 2026: Regulation, Complaints, and Execution Risks

ExposurePepperstone Review 2026: Is this Forex Broker Legit or a Scam?

Pepperstone (WikiFX Score: 7.77) holds top-tier licenses from ASIC and the FCA, providing a strong legal foundation for traders. However, a recent surge of 134 complaints regarding extreme slippage, network disconnections, and withdrawal delays indicates significant operational risks that require caution.

WikiFX
2026-04-28 09:45
Pepperstone Review 2026: Is this Forex Broker Legit or a Scam?

NewsPepperstone Review: Regulation, Licences and WikiScore Analysis

This Pepperstone review provides a factual assessment of the regulatory framework, licensing structure and WikiScore of the Pepperstone broker, based on information available on the WikiFX platform

WikiFX
2026-02-20 10:45
Pepperstone Review: Regulation, Licences and WikiScore Analysis

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情花
0-3months
激石最近怎么了?客服一直联系不上,哪都联系不上!!!什么情况啊
激石最近怎么了?客服一直联系不上,哪都联系不上!!!什么情况啊
Translate to English
2026-04-29 18:49
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0
0
hakumatata
3-6months
不是一次两次挂单成交在k线之外了,难以理解为啥这个点会滑到天上去,赚那个仨瓜俩枣的0.01手,pepperstone你到底在干嘛。
不是一次两次挂单成交在k线之外了,难以理解为啥这个点会滑到天上去,赚那个仨瓜俩枣的0.01手,pepperstone你到底在干嘛。
Translate to English
2026-04-27 13:15
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