AustraliaSummary
Pepperstone, founded in Melbourne in 2010, is regularly ranked the number one CFD broker for active traders. It combines very tight raw spreads, fast execution and four platforms, overseen by top-tier regulators (FCA, ASIC, CySEC, BaFin).
The benchmark for trading forex and indices with your own money.
Accounts and fees
Two accounts: Standard (slightly wider spread, no commission) and Razor (raw spread from 0.0 pip + $3.50 per lot per side, i.e. $7 round turn). No minimum deposit.
Platforms and markets
MT4, MT5, cTrader and TradingView are all available, which is rare. The range covers forex, indices, commodities, shares, ETFs and crypto CFDs.
Trading conditions
| Regulation | FCA, ASIC, CySEC, BaFin, DFSA, CMA, SCB |
|---|---|
| Minimum deposit | No minimum |
| Cost | Razor account: from 0.0 pip on EUR/USD |
| Commission | $3.50 per lot per side (€2.60 for a EUR account); Standard account commission-free |
| Platforms | MT4, MT5, cTrader, TradingView |
| Markets | Forex, indices, commodities, shares, ETFs, crypto (CFDs) |
| Leverage / margin | 1:30 on major pairs (EU, UK, Australian retail clients); higher through non-EU entities |
Data checked in October 2026 on the broker's official website and specialist reviews. Fees and conditions can change: check them before opening an account.
Strengths and weaknesses
Strengths
- Raw spreads from 0.0 pip
- 4 platforms including TradingView
- FCA, ASIC, CySEC, BaFin regulation
- No minimum deposit
Weaknesses
- No real shares (CFDs only)
- Standard account costs more than Razor
Who is it for?
A good fit if you…
- Scalpers and day traders
- Want to trade from TradingView or cTrader
- Are moving on from a prop firm
Avoid if you…
- Want to buy real shares for the long term
Score breakdown
Five criteria rated out of 10: real fees (spread and commission), strength of regulation, platforms, choice of markets and overall experience (track record, account opening, tools).
FAQ Pepperstone
Is Pepperstone reliable?
Yes: it is regulated by the FCA, ASIC, CySEC and BaFin, and has been operating since 2010.
Which account should I choose?
Razor if you trade often: raw spread + $3.50 per lot per side is cheaper than Standard.
CFDs and futures are leveraged products: most retail accounts lose money. Only trade money you can afford to lose.
