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Pepperstone Review
A CFD/forex broker popular with active traders for tight raw spreads and support for MT4/MT5, cTrader and TradingView.
Best for
- Active forex/CFD traders
- MT4/MT5 and cTrader users
- Scalpers wanting tight spreads
Not best for
- You're a US resident
- You want long-term share investing
- You dislike leverage
Our verdict & scoring
Pepperstone is favoured by active forex/CFD traders for its low raw spreads (plus commission) and broad platform support including MetaTrader 4/5, cTrader and TradingView. Regulated in the UK/EU and elsewhere; not available to US retail traders.
Scores are based on our review methodology. Affiliate relationships do not buy higher ratings.
Pros
- Tight raw spreads
- Supports MT4/MT5, cTrader, TradingView
- Well-regulated across regions
Cons
- Leveraged CFDs are high-risk
- US-restricted
- Commission on Razor accounts
Fees & hidden costs explained
Raw spreads + commission (Razor account) or spread-only (Standard); overnight financing applies.
Safety, regulation & availability
UK: Pepperstone Limited is FCA-authorised (FRN 684312). EU: CySEC-regulated; also ASIC (Australia) and others. ESMA/FCA leverage caps and negative-balance protection apply to retail. Not for US retail traders.
Account protection: UK: FSCS up to £85,000 via the UK entity. EU: Cypriot ICF up to €20,000.
Available to retail traders in:
Verify this platform yourself:
Official sources
Risk warning: Trading stocks, options, futures, forex, crypto, CFDs and funded accounts involves risk. You can lose money. This website is educational only and does not provide financial, investment, tax or legal advice.
Leverage, volatility, fees, spreads, liquidity and platform rules can increase losses.
Affiliate disclosure: We may earn a commission when you click some links on our site. This does not cost you extra. Our comparisons are educational and transparent, and our rankings are not affected by commissions.