Pepperstone Review


Pepperstone, established in 2010, is an Australian-based ECN broker. It was founded in 2010 and is regulated by ASIC.  Pepperstone is an ideal no desk broker that accommodates all trading styles. The broker’s website belies the exciting trading experience that lies within its trading platform. The company is based in Melbourne, Australia and has offices in Dallas, USA and Shanghai, China.

Pepperstone has been nominated for and won numerous industry awards for innovation and excellence in Forex Brokerage. It was awarded the fastest growing company in Australia by BRW Magazine in 2014 and was the 2014 Winner of the Governor of Victoria Export Awards.


Pepperstone has several unique trading accounts. The Edge Standard account, designed for normal traders, uses Institutional Grade STP Spreads and there are no commissions. The Edge Razor account is designed for advanced and EA traders and uses Raw ECN Spreads from 0.1 pips and charges $3.5 commission per 100k trade.

Pepperstone Account Types
Pepperstone Account Types

Peppertsone also offers Active traders and Institutional Partners an additional account, the Platinum account with a higher level of service in addition to superior ECN EDGE execution. This is a segregated account with a dedicated relationship manager.

A Forex swap rate is available in Islamic accounts for holding positions overnight without interest in foreign exchange trading.

I was pleased when doing this Pepperstone review to find that there is a demo account that uses the MT4 platform.

Pepperstone traders on all accounts can take advantage of the broker’s wide range of tradable assets including standard currencies and commodities as well as soft commodities such as orange juice, sugar and cocoa.  


Pepperstone offers traders a number of features.

The most outstanding feature is their EDGE Environment which is the most comprehensive, highest-performance portfolio of Forex trading technology in the industry. Edge provides clients with quick execution and reduced spreads. 

Pepperstone EDGE
Pepperstone EDGE

EDGE also allows Pepperstone clients direct ECN trading via Metatrader 4 – The world’s favorite FX trading platform.

EDGE delivers unparalleled depth of market to the retail FX Trader. Block orders and high volume strategies such as scalping are delivered into the market with maximum price efficiency. Traders can access 24 new currency pairs as well as the largest selection of exotics offered by any FX broker in the marketplace. It uses superior liquidity to stream 52 currency pairs including European exotic pairs.

Another unique feature is electronic trading system. Pepperstone has partnered with Equinix, a NASDAQ listed firm, to create state of the art Forex trading infrastructure located just 11 miles from Wall Street in New York.

Pepperstone Price Improvement
Pepperstone Price Improvement

Within the Equinix's NY4 facility, Pepperstone participates in the Equinix Financial eXchange, a network of execution venues, buy and sell side firms, and bank trading servers that are located at Equinix's high-performance data centers. The Equinix Financial eXchange provides Pepperstone with access to the widest choice of low-latency networks, and the ability to directly exchange data with strategic partners and customers in close proximity.

Pepperstone Equinix Facility
Pepperstone Equinix Facility

The Multi Account Manager (MAM) is designed for money managers that utilize the Metatrader 4 platform and for traders that manage multiple accounts utilizing Expert Advisors (EAs). All processing is centralized and server based which allows the fastest and most reliable integration. Hundreds of accounts can be traded with one click and virtually no delay in allocations.

Pepperstone Myfxbook Autotrading
Pepperstone Myfxbook Autotrading

Pepperstone offers trader access to multiple social and autotrading systems including ZuluTrde, Mirror Trade, RoboX, MT4 Signals and MyFXBook AutoTrade. These services allow traders to copy other trader’s chosen systems directly into their account. Access to these services require a minimum deposit of $200 and receive 1:400 leverage.

The Pepperstone Webtrader provides traders with direct access to their Metatrader 4 account from the web. No download or install required. The web-based platform offers full functionality and works across multiple operating systems, including Mac OSX, Linux and Windows.

Pepperstone Webtrader has full functionality and allows traders to access real-time charts with advanced technical analysis and indicators. Webtrader is available for Edge Live and Demo accounts only.

Pepperstone has recently acquired the Aslan Group, a family owned company which has been in business since 2002. Each partner at the Aslan Group has an extensive background within the finance industry and great expertise in the arena of online Forex trading. Clients can select to open an account with the Aslan Group and receive a monthly cash rebate for every trade that is closed throughout the month.


Pepperstone offers a variety of educational services. News previews and a market review are posted daily and there is an economic calendar to help keep traders alert to upcoming events. There are over 50  instructional articles available to Pepperstone traders and a full financial glossary to provide traders with a fundamental understanding of the industry.  The brokerage has also recently partnered with trading gurus Boris Schlossberg and Kathy Lien from BK Forex who provide weekly market reviews to Pepperstone traders and offer periodic webinars for traders.

Pepperstone Broker
Pepperstone News Section

Pepperstone Educational Section
Pepperstone Educational Section


Deposits can be made to an account via credit and debit cards, bank transfers and a wide list of different online payment programs such as Neteller, WebMoney, Qiwi, Skrill and others.

Withdrawals are made by filling out an online withdrawal form. Withdrawals made by bank wire transfer usually take 3-5 working days to reach your account. If an account is funded via a credit card and a withdrawal is processed within 60 days, the withdrawal must occur via a refund back to the same credit card.

Customer Support

24 hour support is available to traders via email or online Chat.  There is a local phone number in Melbourne and a separate number that reaches a representative who speaks Chinese in their Shanghai office. Traders can also contact their American office in Texas.

Current Promotions

At the time of this writing, Pepperstone didn’t offer any bonuses to new or existing traders, as is common among highly-regulated brokerages.  However, Pepperstone is the first Forex broker to partner with a major airline to provide travel points to depositing traders.  Pepperstone is partnered with Australia’s Qanas Airlines to offer traders travel points on deposits and trade of select pairs.  Unfortunately, this promotion is available to Australian citizens only.  


Pepperstone provides superior technology with quick execution, low-cost spreads, and exceptional customer service. With both standard Forex trading and the services of a regulated ECN broker, Pepperstone has a lot to offer

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There are so many unique features at Pepperstone that it’s difficult to select the ones that stand out from all the rest. Whether it’s the EDGE technology that delivers maximum price efficiency or their partnership with the Wall Street electronic trading system, Equinix, Pepperstone seems to keep on moving ahead of other Forex and ECN brokers. The choice of different trading platforms, account types and mobile apps offer traders a wide range of opportunities to profit in Forex trading.

Company Information

  • Broker's Name : Pepperstone
  • Headquarter : Australia
  • Regulation : ASIC

Account Information

  • Type of Broker : ECN/STP
  • U.S. Clients Allowed :
  • Minimum Deposit : $200
  • Maximum Leverage : 1:200
  • Commissions / Spreads : Variable spreads starting at 0.0 pips
  • Account 1 : Standard
  • Account 2 : Razor
  • Account 3 : Platinum
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, MetaTrader 5, cTrader
    • Platform Languages :
      • English
      • Chinese
      • Russian
    • OS Compatibility :
      • Windows
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Japanese
      • Chinese
      • Russian
  • Support Hours : 24/7
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Choice of Account Types
  • Both Demo and Islamic Accounts
  • Quality Market Updates and Education
  • Promotions for Australian Traders Only

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MetaTrader 4 and MetaTrader 5

The Pepperstone Client Terminal is an industry-leading MT4 trading platform with first-class automation, forex charting, and order- execution capabilities. It is designed to give traders the edge in today's busy trading environment, with live quotes, real-time charts, in-depth news and analytics as well as a host of order management tools, indicators and expert advisors.

Pepperstone MT4 Web Platform
Pepperstone MT4 Web Platform

Key features include Market Watch Window, Navigator Window, multiple order types, 85 pre-installed indicators, analysis tools, multiple chart setups and automated trading.

Pepperstone MT4 MAM
Pepperstone MT4 MAM

Pepperstone also offers the MetaTrader 5 as an additional option.


Pepperstone's cTrader platform is one of the most innovative, sophisticated and revolutionary ECN trading platforms available on the market. cTrader enables clients to directly access Pepperstone’s full range of liquidity from its long list of bank providers such as Goldman Sachs, JP Morgan Chase, UBS, Morgan Stanley and Deutsche Bank. Accessing these providers ensures clients receive the lowest spreads and best price available in the market.

Pepperstone cTrader Web Platform
Pepperstone cTrader Web Platform

Features in the cTrader include Level II pricing, detachable charts, automated trading through a dedicated platform, next generation user interface and charting techniques and extensive back testing facilities.

Pepperstone cAlgo
Pepperstone cAlgo


Pepperstone apps are available for iPhones, iPads, tablets and androids which can be downloaded for free from iTunes of Apple App Store. They offer full trading capabilities, live quotes and advanced charting.

Pepperstone cTrader Mobile Platform
Pepperstone cTrader Mobile Platform

Pepperstone MT4 Mobile Platform
Pepperstone MT5 Mobile Platform

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User Reviews

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4 User Reviews
Jack Barns

I am happy that there is an Australian based broker , the app is so simple and easy to use. Thanks for the review!

Eva Harlan

Pepperstone has a secure client area, which is user friendly and intuitive

Ema Hackney

Pepperstone bonuses are mostly of no use, but even thought I recommend working with them

Jay Axton

I find Pepperstone spreads to be reliable and precise – try them!

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