Pepperstone review 2025: Pros, cons, safety, and more!

Furthermore, Pepperstone only offers CFDs, which means that you’re not investing directly in real stocks or ETFs, pepperstone review but in a derivative. We aim to determine whether this broker aligns with your trading goals and needs. Overall though, most Trustpilot reviewers seem happy with their Pepperstone experience.

deposits/withdrawals

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.

Non-Trading Fees

When trying to open your account, you can directly know if you can open an account and if your country is on the accepted list or not. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

Pepperstone Trust

We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Finally, in order to be allowed to trade, you will need to complete an appropriateness form to determine your level of experience. This is very common when applying to trade derivatives on various platforms.

Customer Support

• Pepperstone adheres to industry safeguards such as segregating client accounts from business assets and providing negative balance protection to retail investors.
• Those who gave it 1 star had complaints about orders not going through and the platform freezing.
• Additionally, traders can access currency indices like the USDX, ETF and bond CFDs.
• Spread betting and CFDs are both leveraged products where you pay a small deposit (margin) to speculate on an asset’s movement in the market.
• Such a selection cements its position as a favorable platform for forex traders.
• Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions.
• In January 2025, Pepperstone was considered the global best forex broker based on the provider’s execution speeds, customer service, and brokerage.

With an increased emphasis on trading on-the-go, Pepperstone clients have full access to the mobile versions of all three available trading platforms. The MetaTrader 4 (MT4) platform’s interface makes it a popular choice among traders of all skill levels. It’s free to download for use with both Pepperstone’s live account as well as their demo account. The broker also offers an option to open an Islamic account that is Sharia-compliant.

Is Pepperstone good for forex trading?

Your trading costs at Pepperstone will mainly depend on what you trade and which type of account you set up. Pepperstone is an agency-execution broker that offers excellent pricing on its Razor account when combined with its Active Trader program for high-volume traders. Meanwhile, its Standard account is not as impressive, and features comparably higher spreads. However, prospective clients should consider the limitations in educational resources and the focus on CFD trading, which might not suit everyone’s investment strategy.

• By comparison, eToro accounts are restricted to a USD base currency, with the broker charging a currency conversion fee if you deposit or withdraw with another currency.
• Overall, Pepperstone has a strong reputation on Trustpilot, with customers endorsing its reliability, authenticity, trustworthiness, and ease of use as a financial trading platform.
• 74-89% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
• Our assessments are based on factors such as fees, customer service, and product features.
• Pepperstone also offers a spread betting account for UK residents, which is ideal for traders looking for tax-free profits, a user-friendly platform, and access to educational resources.
• With support for popular platforms like MetaTrader 4, MetaTrader 5, and cTrader, traders have access to robust trading tools and customizable interfaces.

On the plus side, it’s possible to open more than one demo account at a time. While the demo trial lasts for 30 days, once traders have a live account, the demo can be re-requested. Pepperstone offers over 60 currency pairs, including majors, minors, and exotics, to trade. Pepperstone clients can trade over 1200 instruments over a range of asset classes including forex and commodities, stocks, ETFs, crypto and indices CFDs. Traders can choose the MetaTrader 4, MetaTrader 5, TradingView, or cTrader platforms via desktop or mobile, allowing clients to trade anywhere. Pepperstone also offers over 100 ETFs (Exchange Traded Funds) across over 35 countries.

However, for those who only have access to the standard accounts the costs are about average, so keep this in mind if the costs are a deciding factor for you. Pepperstone boasts efficient mobile trading applications for MT4, MT5, and cTrader, compatible with both Android and iOS devices. These apps provide a seamless trading experience, complete with interactive charts and intricate technical analysis tools for traders on the move.