PepperStone Broker Review



Min Deposit


Min Spread




Broker Trusted Points

You cannot pursue financial market trading without the intervention of a financial service provider. This led to the establishment of the sundry brokerage firms. The Pepperstone is one of the oldest names in this list. This broker is dull, dull and dusted, which does not attract many traders with its outdated features. But over time, the number of brokerage firms surged, leading to the introduction of many advanced firms that provide far better service than Pepperstone that too at affordable charges. 

If you are planning to invest your funds with this brokerage firm, we suggest, go through all the features and platforms that the firm facilitates. We have made it a bit simple for you by listing everything you require to know about the broker. 

PS: You wouldn’t dare to board the website of Pepperstone.

About Pepperstone 

 The firm is relatively old and has not come of age. It is offering same old stale features for trading. The limited assets are a downer. It has not expanded its trading portfolio over the years, how can you create a diverse portfolio? The main motive seems ulterior, be careful. It mainly focuses on CFDs and forex trading with some major instruments missing such as ETFs and stocks. CFDs are dangerous for every trader, especially for young ones. 

The broker seems to be too complex for you to comprehend and work. Hence, it does not appear appealing to experienced traders. It is not ideal for neophytes who require a simple and detailed explanation for each point. 

Is Pepperstone scam or safe? 

It is the basic and essential question required to the point answer because ultimately it is your money and its safety lies entirely in your hands. It is better to stay vigilant than falling into the trap of fake firms and their fake offers. Considering the Pepperstone, it is not a well-regulated firm.

Eleven years of operation and still the broker has not registered itself with any legitimate body like other authentic or trustworthy firms such as HFTrading and Global TradeATF. The firm itself has provided a reason to doubt its safety and authenticity. 

Markets and products

The broker mainly focuses on the CFD and forex trading while leaving some major markets and assets such as real stocks and ETFs. When we look into other advanced firms, we will find that they provide larger trading instruments to diversify traders’ trading portfolio and mitigate the risk. But, here with Pepperstone, it is a major disadvantage. Also, the choices in the available markets are limited. 

Trading platforms

The platforms here explicitly complicated to handle, especially for the novice. Thus, many times traders face issues related to functions and working of these platforms. The broker should pay heed to these problems and incorporate free tutorials and videos like other brokerage firms. 

Web Trading platform

The broker’s web trading platform’s major drawback is that it does not show clear notifications and price alerts, which are an essential part of trading. These alerts and notifications are provided only on the desktop trading platform.

Desktop trading platform

Lack of two-step login for safety and poor platform design are the two areas in which the broker should work. So, the broker is toying with your security and safety. Anyone can breach it. A trader is too vulnerable. 

Trading fees

The broker charges a minimum amount of $200 to open a trade which is clearly twice the fees charged by other advanced firms such as ROinvesting ($100) and 101investing ($100). Also, the high minimum charges of brokers do not do justice with the features it is providing.

Moving ahead to other charges, the broker has a relatively low non-trading fee as it does not charge any account fee or inactivity fee. Simultaneously, the forex trading fees are high, and CFD financing charges (that means fees for holding the contract for different trading positions overnight) are high. 

Leverage on trade

Leverage is the amount paid by the broker to the trader on each trade. It allows traders to trade relatively larger assets, which they might not afford otherwise. If you are thinking to opt the broker just because it provides you 1:500 leverage, we will suggest you check out other brokers’ reviews. There are many advanced firms which provide better features, affordable rates and leverage of this size. 

Research tools

Research tools present the data related to the market conditions, financial market events and market price shift. The broker provides all the basic tools which other financial service providers offer their clients for research work. However, two main things are lacking with the broker. First, the news feeds are quite basic, thus, need certain upgradations and second, the absence of fundamental tools or data. 

Deposit and withdrawal

The has fewer options. The deposit request is executed instantly whereas, for withdrawal of funds, you need to go through numerous formalities such as filling the withdrawal forms. After fulfilling these time-consuming formalities, it still needs about three to five days to proceed with the request. 

Moreover, the bank withdrawal fee for traders outside Australia and the EU is as high as $20. 

Spreads and Commissions

The lower is the spread, the better is the broker for you. The broker’s minimum spread is 1.13, which is very high compared to other financial service providers. 

Educational tools

The educational hub of the broker contains trading guides, webinars and articles. However, the educational portal of the broker is sophisticated. Working in this area can enhance clients’ numbers because today, these research and educational tools play a vital role in attracting traders. 

Customer support team

The customer support team of the broker works in the direction of solving the queries of traders. The traders can contact the team through a live chat option, email id and phone number. However, you can only connect on a weekday. The services remain closed on the weekend. 


1) Complex education portal

2) High withdrawal fee outside Australia and EU 

3) The demo or virtual trading account is just for 30 days 

4) For non-EU clients the broker does not offer any protection from negative valance 

5) The broker is not regulated by any central regulatory authority such as CySEC or FCA 

6) Spreads are high 

7) Lack of fundamental tools or data 

8) Basic news fees 

Some points to be noted that will raise the eyebrows

There are several points which we cannot ignore related to the broker there are as follows: 

1) The broker does not have any banking licence 

2) The brokerage firm is not listed on any of the stock exchange

3) All the financial information related to the brokerage firm is not revealed publically, which opens the door for various rumours.  

The Bottom Line

Pepperstone only focuses on the forex and CFD trading, which puts you at grave risk. Also, it leaves the most important and common market i.e, the stock market. Apart from this, the high minimum deposit, poor educational material, and high withdrawal fees are the areas where the broker needs attention. So, please think twice before you invest with the firm as it requires certain up-gradation. Look for ETFinance, InvestLite, and Brokereo who masters of their service, accountability, and trustworthiness. 

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Frequently asked questions

 What is the minimum deposit of Pepperstone?

The minimum deposit required to open an online trading account with the broker is $200, which is high.

 Is Pepperstone regulated?

Yes, the Securities Commission of the Bahamas regulates the broker, but it does not offer any safety.

 What are the cons of selecting the Pepperstone? 

Some cons of the firm are:

1) Complex education portal

2) High withdrawal fee outside Australia and EU 

3) The demo or virtual trading account is just for 30 days 

4) For non-EU clients the broker does not offer any protection from negative balance 

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