Pepperstone
4.5 / 5A factual Pepperstone review covering Razor and Standard accounts, commissions, spreads, six regulators, and platform support including TradingView.
- Rating
- 4.5 / 5
- Max Leverage
- 1:500
- Execution latency
- 38ms
Pepperstone, founded in 2010 in Melbourne, is frequently ranked among the most regulated brokers in the retail FX space. This review is editor-curated from Pepperstone's published account documentation and reputable aggregator cross-checks; confirm current terms at pepperstone.com for your region.
Accounts and Costs
- Razor account: raw spreads from ~0.0–0.1 pip on EURUSD plus commission around $3.50 per lot per side on MetaTrader (slightly lower on cTrader/TradingView).
- Standard account: commission-free, spreads from ~1.0–1.1 pips.
- Minimum deposit: historically no enforced minimum, though some sources now list around $10 — check your entity.
Platforms and Automation
MT4, MT5, cTrader, and TradingView are all first-class options, with EAs, cBots, and TradingView automation supported. FIX API access is available for high-volume institutional-style traders.
Regulation and Leverage
Pepperstone holds licenses from FCA (UK), ASIC (Australia), CySEC (Cyprus), DFSA (Dubai), SCB (Bahamas), and CMA (Kenya), with BaFin and SCA coverage in additional markets. Retail leverage is capped at 30:1 under ASIC/FCA/CySEC rules; the offshore entity offers up to 500:1 for eligible clients.
Verdict
A regulation-first choice with genuine raw pricing. Razor is the better structure for active traders; the main cost consideration is commission versus Standard's wider spreads.
Figures are editor-curated from official documentation and cross-checked aggregators; verify on the official site before funding.