Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 400:1 |
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Minimum Deposit: | $200 |
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Established: | 2010 |
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Address: | Level 16, Tower One, 727 Collins Street, Melbourne, VIC, Australia, 3008 |
Customer Service: | support@pepperstone.com, +61 3 9020 0155 |
Regional offices: | |
Regulations: | ASIC #414530, SCB #SIA-F217, CySEC #388/20, BaFIN #151148, CMA #128, DFSA #F004356, FCA #684312 |
Prohibited countries: |
Trading platforms: | MT4, MT5, cTrader, DupliTrade, TradingView |
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WebTrader: | ✅ Yes |
Mobile Trading: | ✅ Yes |
Trading Instruments |
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Currencies: | (60+) |
Cryptocurrencies: | (20+) Bitcoin, Litecoin, Ethereum |
CFD: | (1200+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities, ETF |
Trading Conditions |
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EAs/Robots: | ✅ Yes |
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News Spike Trading: | ✅ Yes |
Scalping: | ✅ Yes |
Managed Accounts & Social Trading |
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MAM: | ✅ Yes |
PAMM: | ✅ Yes |
Copy Trading: | ✅ Yes |
Deposit Methods: | Bank Wire (Bank Transfer), VISA, MasterCard, BPAY, Local Bank Transfers, M-Pesa, Neteller, PayPal, Poli, Skrill, UnionPay |
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Withdrawal Methods: | Bank Wire (Bank Transfer), VISA, MasterCard, BPAY, Local Bank Transfers, M-Pesa, Neteller, PayPal, Poli, Skrill, UnionPay |
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Pepperstone.com profile provided by Martin, May 20, 2022
Pepperstone offers four trading platforms, MT4, MT5, cTrader, and TradingView. Clients can take advantage of a range of market opportunities with 1,200+ instruments available to trade, including FX, index CFDs, share CFDs, commodities, and cryptocurrencies. With multiple liquidity providers and external pricing sources, clients enjoy competitive quotes and some of the lowest spreads on the market.
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Traders Reviews
Fraud broker....run away with your money ASAP!!!
Service use: Live
Length of use: 0-3 Months
Before my account was verified i did a stupid move and that is funding my account...once i funded my account with 100 usd tge2y kept refusing the documents i uploaded so many times & when i asked them to give me back my money which is my legitimate right since they refused to verifyy account they never replied....irony when i submitted the same documents in another broker they verified my account in a matter of hours LOL!!! SO STAY AWAY FROM PEPPERSTONE...THEY STILL OWE ME 100 BUCKS
They charge 5.73% fees for withdrawal in USDt(TRC-20)
Service use: Live
When I asked to live chat agent they told me they charge only $3 per transection fees so I will receive $9997 for $10000 withdrawals But For a withdrawal of $108000 USD in USDt and I Received only 101813.9 USDt only they charge $6186.1 for process my withdrawal
The next day again I made another $40000 withdrawal and got only $37897 they made a charge of $2102
I didn't see this much of a charge in any broker
I raised ticket to support they given me replay below
"Thank you for your reply.
Your withdrawal of USD has been converted to USDT at the live conversion rate. This rate is subject to fluctuations as it is a live conversion.
We can see that your previous withdrawals were converted from USD to USDT at the conversion rate of 1.0608.
Any discrepancy in the amount sent by Pepperstone and the amount received in your USDT blockchain wallet address may be due to blockchain transfer fees which are out of Pepperstone's control and we do not receive the fee income from these charges.
If you have any further questions, please let us know.
Thank you for your understanding.
Sophie
Pepperstone Accounts"
Conversion rate they mentioned never happen since USDt inception

Thank you for your feedback and we are sorry to hear that your experience with Pepperstone was not a positive one.
Please be advised that we are looking into your case and will be updating you soon via email.
Thank you for your patience.
SCAM PAYMENT METHODS
Service use: Live
Length of use: 3-6 Months
the available ways are paypal, neteller, skrill, and credit card and others....
but when I tried to deposit using neteller they freezed my money,
its very clearly a scam, as well with skrill.
N perhaps paysafecard, its of course not safe in my case...
anyone would think they are clearly a scam! and thats what they say... I lost ABOUT 60 usd OF money there.
PAYPAL AND CARD WORKS BEST.
pepperstone is suspicious!
YOU ARE NOT A 5 STARS BROKER LOL! WHAT A WASTE, I hope you grow some day. TAKE IT AS A POSITIVE CRITIC.
GOOOD LUUUCK ALL TRADERS WITH EVERYTHING!

We are sorry to hear about your recent experience with Pepperstone and we would like to further investigate this case for you.
Could you please contact our Support team at support@pepperstone.com, or join us on live chat in order to speak to one of our agents?
We are looking forward to hearing from you,
The Pepperstone team
Service use: Live
Length of use: 6-12 Months
Just the other day, I talked to the online agent and they assured me that they would never close my positions without my authorization( Assuming I have enough margin). Barely two weeks were over and they closed my positions without a warning citing random clauses in their contract. I am utterly disappointed with there customer treatment. I wouldn't recommend anyone to trade with Pepperstone.

Pepperstone: manipulating spread 50pips on EURSGD
Service use: Live
Length of use: over 1 Year
It's acceptable as the spread widening below 200 points but a whooping over 500 points spread widening in just a tick is can't acceptable.

Regards,
Pepperstone team
Reply to Martin - Sign of trading against clients
Your words 'Whilst we do offer several licenses not all regions can be setup under a particular license' is somewhat misleading traders on purpose to believe that UK brokers, for instance, are not allowed by their regulator to accept traders from other countries. The truth is just on the contrary indeed. Any regulators in any countries not only want to attract traders from home but also traders from abroard to develop their country economy.
Hope your company will improve its policy in the future to attract more traders.
Nov 22, 2021 - 1 Star I intended to trade with Pepperstone UK for reliability and safety of my deposits although the leverage is low. But the link here is to their entity in Bahamas and on their Bahamas entity website they don't give any link to their UK entity for traders' choice of which entity/regulator traders want to trade with although they do advertise they are regulated in many countries including UK. This is a bad sign that such brokers often trade against their clients, thus they don't want their clients to open a/c with their well regulated entity (its for advertising purpose only) or else they will have trouble with their regulator when clients complain about their bad behavior. After finding out this, I gave up my entention to open a trading a/c with them. However, I still hope one day in the future they may change their minds and openly give link to their UK entity for traders' choice. If so, I may give them a try then.
Reply by Martin submitted Nov 24, 2021 Hi Extrader, We are sorry to hear about your experience. We have several licenses and you can view details of each on our group site here: https://pepperstonegroup.com/en/regulated-offices. There you will also see the link to the respective licenses homepage. Whilst we do offer several licenses not all regions can be setup under a particular license. If you would like to discuss these options further please reach out to us on chats, phone or email support@pepperstone.com.

Warm regards,
Pepperstone team
Scammed by pepperstone
Service use: Live
Length of use: over 1 Year

Pepperstone close my oil order without my consent / margin call
Service use: Live
Length of use: 0-3 Months

Good Broker
Service use: Live
Length of use: over 1 Year
Good execution.
Good customer service.
A little high on the overnight swap rates.
Wish they had more flexible withdrawal options.

Lost faith and trust in this broker
Service use: Live
Length of use: over 1 Year
Long story short, Pepperstone is no longer the Pepperstone I used to know and trust, and it has been removed from my list of trusted brokers and I strongly advise against using them as a broker.

Frequently Asked Questions
Is Pepperstone a good broker?
- The best way to answer if Pepperstone is a good broker is to read the unbiased traders reviews on ForexPeaceArmy: https://www.forexpeacearmy.com/forex-reviews/7523/pepperstone.com
- Additionally, we recommend that you check recent Pepperstone community discussions: https://www.forexpeacearmy.com/community/tags/pepperstone/
- Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
What is the minimum deposit for Pepperstone?
Pepperstone requires a minimum deposit of $200 to open a live account.
Does pepperstone allow scalping?
Pepperstone does allow scalping.
Pepperstone also allows news trading, hedging, EAs, and Algos.
How do you withdraw from pepperstone?
To withdraw funds from Pepperstone
- login to the secure client area
- go to the Funds tab and then look for the Withdraw tab
- once you are there, all currently available withdrawal options will be displayed
How do I open a Pepperstone account?
Opening a live account at Pepperstone is a very simple process that should take less than 10 minutes.
Documents are usually inspected and approved in under 8 hours.
Click here to start the application>>
Is Pepperstone a regulated broker? Is Pepperstone legit?
Pepperstone is regulated with 7 countries:
- UK Financial Conduct Authority (FCA) with license 684312,
- Australian Securities and Investments Commission (ASIC) with license 414530,
- Cyprus Securities and Exchange Commission (CySEC) with license 388/20,
- Securities Commission of the Bahamas (SCB) with license SIA-F217,
- Germany Federal Financial Supervisory Authority (BaFIN) with license151148,
- Kenya Capital Markets Authority (CMA) with license 128,
- United Arab Emirates Dubai Financial Service Authority (DFSA) with license F004356.
Does Pepperstone allow hedging?
Pepperstone allows hedging. Pepperstone also allows scalping, news trading, EAs, and algos.
How long does Pepperstone withdrawal take?
Withdrawals from Pepperstone are usually received within 5 business days.
If there is a delay, you can contact funding@pepperstone.com for assistance.
How does Pepperstone change leverage?
To change leverage on one of your Pepperstone trading accounts
- first login to the secure client area.
- then go to the account section.
- click the pen icon for the account you are changing the leverage on.
- select CHANGE LEVERAGE.
Does Pepperstone have nas100?
Pepperstone does have the NAS100 Index (also knows as the NASDAQ 100) CFD available to trade.
Pepperstone also offers a number of other Index CFDs, including AUS200, US500, UK100, and GER30.
5 star review by javisman, Mexico
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