Pepperstone Review

Score: 9.2 ⭐️

5/4/20232 min read

Pepperstone a large range of tradable assets, along with quality reseach and support. Multiple social copy trading platforms.

It offers TradingView, cTrader and MetaTrader , and its wide range of available third-party tools and plugins enhances its already-impressive platform.

Pepperstone pros & cons


  • Founded in 2010, Pepperstone is regulated by multiple regulators.

  • Pepperstone’s giving the possibility to use MetaTrader and cTrader is a great fit for algorithmic traders and copy traders.

  • Pepperstone provides multiple platform add-ons that enhance the MetaTrader experience.

  • Research at Pepperstone is better than the industry average.

  • Pepperstone offers a growing selection of assets.

  • Pricing is competitive for active traders on Pepperstone's Razor accounts.

  • Multiple social copy trading platforms are available.


  • The range of educational materials at Pepperstone is close to the industry average – but not as good as category leaders.

  • Does not provide interactive courses, progress tracking, or educational quizzes.

Offering of investments

While there are 2,342assets in Pepperstone’s MetaTrader 5 (MT5) platform, some of these are duplicates. But there are more than 1,000 distinct assets available for trading – including forex and CFDs.

Cryptocurrency: Cryptocurrency trading is available at Pepperstone through CFDs. CFDs are not available to retail traders from any broker's in the U.K., or to U.K. residents. This is offered only to professional traders.

Standard account is not as impressive, and features comparably higher spreads.

Razor account: The Razor account can be used with the TradingView platform, MetaTrader (MT4 or MT5) platforms or cTrader platforms, and follows a commission-based pricing structure (in addition to prevailing spreads). Pepperstone listed an average spread of 0.17 pips for the EUR/USD on its Razor account . When including the commission-equivalent of 0.70 pips, the all-in cost jumps to 0.87 pips – which is slightly higher than the industry average.

Standard account: Pepperstone’s Standard account is commission-free, and has listed an average spread of 0.77 pips on the EUR/USD. When considering the Razor’s all-in cost of 0.87 pips (including commission), the Standard account stands out as a more affordable option.

Active traders: Pepperstone's Active Trader program wihas aspread rebate possibility.

United Kingdom and EU: when trading on 100 lots monthly the rebate can be as high as 5%

Australia: For Professional clients, a minimum of 100 lots over a three Month period need for the possibility of rebate.