IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
XM
Pepperstone
FP Markets
Tickmill
HFM MarketsPepperstone Review
Written by Steven Hatzakis
Director of Online Broker Research
Edited by John Bringans
Managing Editor
Fact-checked by Blain Reinkensmeyer
Managing Partner
Steven HatzakisDirector of Online Broker Research
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. He is a forex industry expert and an active fintech and crypto researcher.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone's Razor account averaged a 0.1-pip EUR/USD spread when I evaluated the broker, and that average includes the rollover periods when spreads typically widen. I tracked that pricing while placing trades on the broker's new Webtrader platform and mobile app. I also compared commissions on MetaTrader 4, MetaTrader 5, cTrader, and TradingView, and launched MetaTrader through the single sign-on client portal.
Add the commission and the all-in cost comes to 0.8 pips. That cost is the main reason I rate Pepperstone highly for active and algorithmic forex trading. Automation works on MetaTrader, on cTrader, and through TradingView webhooks. Pepperstone's research briefings pair central bank news with technical levels. The gaps are the young mobile app's thin charting, education without structured courses, and a FIX API reserved for very high-volume accounts.
-
Minimum Deposit:
$10 -
Trust Score:
94 -
Tradeable Symbols (Total):
2631
| Range of Investments | |
| Trading Fees | |
| Trading Platforms | |
| Research | |
| Mobile Trading | |
| Education |
Check out ForexBrokers.com's picks for the best forex brokers in 2026.
| 2026 | #17 |
| 2025 | #16 |
| 2024 | #17 |
| 2023 | #16 |
| 2022 | #19 |
| 2021 | #16 |
| 2020 | #14 |
| 2019 | #17 |
| 2018 | #17 |
| 2017 | #16 |
Why you can trust us
Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs.
We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe. As part of this effort, we track 100+ international regulatory agencies to power our proprietary Trust Score rating system.
Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com. Learn more about how we test.
Can I open an account with this broker?
Use our country selector tool to view available brokers in your country.
Table of Contents
Pepperstone pros and cons
PROS
- Razor EUR/USD spreads average 0.1 pips, or 0.8 pips all-in.
- MetaTrader, cTrader, and TradingView for algo trading, plus copy trading apps.
- Daily market analysis and an extensive YouTube video library.
CONS
- Proprietary mobile app has bare-bones charting.
- No structured education courses, quizzes, or progress tracking.
- Third-party research tools such as Trading Central are unavailable.
My top takeaways for Pepperstone in 2026:
- Razor account EUR/USD spreads averaged 0.1 pips during my evaluation, for an all-in cost of 0.8 pips including commission.
- Pepperstone lists 2,631 tradeable symbols, including 65 forex pairs and new perpetual CFDs that trade 24/7.
- The new pcrypto.com exchange lists up to 150 underlying crypto assets, plus tokenized stocks.
- The proprietary Webtrader platform, available only in certain jurisdictions, carries 90 indicators and supports drag-to-modify orders.
- The Market Moves playlist on Pepperstone's YouTube channel alone holds over 697 videos.
Trust Score
Developed by ForexBrokers.com and in use for nearly 10 years, Trust Score is a proprietary rating system powered by a range of unique quantitative and qualitative metrics, including each company’s number of regulatory licenses. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Learn more.
Is Pepperstone safe?
Pepperstone is considered Highly Trusted based on ForexBrokers.com's proprietary algorithm, with an overall Trust Score of 94 out of 99. Pepperstone is not publicly traded, does not operate a bank, and is authorised by three Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). Pepperstone is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system. Its new crypto exchange, pcrypto.com, is registered with AUSTRAC in Australia. Learn more about Trust Score or see where the different Pepperstone entities are regulated.
| Feature |
 Pepperstone
|
|---|---|
| Year Founded | 2010 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 3 |
| Tier-2 Licenses | 2 |
| Tier-3 Licenses | 0 |
| Tier-4 Licenses | 2 |
Range of investments
I counted 65 forex pairs and 2,631 tradeable symbols at Pepperstone, with CFDs covering indices, commodities, metals, shares, ETFs, and cryptocurrencies. I think most traders will be satisfied with that selection. The total is on the low side for the industry. Category leaders list upwards of 10,000 products.
Platform choice affects what you can trade. When I checked MetaTrader 5, it displayed 1,427 symbols. MT4 shows fewer still because of its lower symbol limit and lack of share CFDs, so Pepperstone's own platform is where you'll find the broadest range. The forex pair count can also vary slightly by the entity that holds your account.
Perpetual CFDs: Among the newest additions are perpetual CFDs, which track underlying perpetual futures with crypto-native pricing. They have no expiration date, which suits longer-term positions, and they trade around the clock, weekends included. Crypto-native perpetual futures apply funding rates throughout the day. Pepperstone instead sets a weekly swap rate and divides it per trading day, an interesting hybrid of the two products.
Cryptocurrency: Alongside crypto CFDs on its main brand, Pepperstone recently launched pcrypto.com, a regulated exchange registered with AUSTRAC in Australia. It lists up to 150 underlying crypto assets plus tokenized stocks, all unleveraged. Be aware that the exact crypto offering available to you may depend on your account's jurisdiction. Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Shares and ETFs: Share trading is CFD-based, so DMA is not an option. Over 100 U.S. share CFDs trade 24/5. Spread betting is also available.
Leverage: Maximum leverage depends on prevailing regulations and on which entity holds your account, based in part on where you live. Pepperstone's SCB entity in the Bahamas allows up to 500:1 for Professional clients and 200:1 for retail accounts. Australia and the U.K. cap major forex pairs at 30:1. Traders designated as Professional may be able to access higher leverage across asset classes. They forfeit additional regulatory protections in return.
Options show up on TradingView for reference only and can't be traded. Exchange-traded futures, thematic index CFDs, and prediction markets are absent too.
Available investment products
During our audit, we verified access to 65 forex pairs within a total of 2,631 tradeable symbols, alongside CFDs spanning indices, commodities, shares, ETFs, and cryptocurrencies.
| Feature |
Pepperstone
|
|---|---|
| Tradeable Symbols (Total) | 2631 |
| Forex Pairs (Total) | 65 |
| Forex trading (Spot) | Yes |
| Forex trading (CFDs) | Yes |
| Forex trading (Options) | No |
| Forex trading (Futures) | No |
| Forex trading (Crypto) | No |
| Commodities: Agriculturals | Yes |
| Commodities: Oil | Yes |
| Commodities: Gold | Yes |
| Commodities: Silver | Yes |
| U.S. Stocks (Shares) | No |
| U.S. Stocks (CFDs) | Yes |
| U.S. Stocks (Crypto) | Yes |
| Global Stocks (Non-U.S. Shares) | No |
| Global Stocks (Non-U.S. CFDs) | Yes |
| 24/5 Trading (U.S. Stocks - Shares) | No |
| 24/5 Trading (U.S. Stocks - CFDs) | Yes |
| 24/7 Trading (Crypto) | Yes |
| Prediction markets | No |
| Copy Trading | Yes |
| Bitcoin (BTC) | Yes |
| Ethereum (ETH) | Yes |
| Cryptocurrencies (Total) | 150 |
| Cryptocurrency (Underlying) | Yes |
| Cryptocurrency (CFDs) | Yes |
| Cryptocurrency (Futures) | No |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Available funding options
Our tests confirm support for bank wire, non-wire bank transfers, debit and credit cards, PayPal, Skrill, Neteller, Apple Pay, Google Pay, and crypto wallet transfers. We found no fee for international wire transfers.
| Feature |
Pepperstone
|
|---|---|
| Debit card (Deposit/withdraw) | Yes |
| Credit card (Deposit/withdraw) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| Non-wire bank transfer (Deposit/Withdraw) | Yes |
| Apple Pay (Deposit/Withdraw) | Yes |
| Google Pay (Deposit/Withdraw) | Yes |
| Crypto (Deposit/withdraw) | Yes |
| Cryptocurrency (Wallet transfers) | Yes |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Neteller (Deposit/Withdraw) | Yes |
Pepperstone fees
Pepperstone's commission-based Razor account is highly competitive. I tracked its EUR/USD pricing during my review, and Razor spreads averaged 0.1 pips, consistently below the industry average, even during rollover. The commission adds the equivalent of 0.7 pips, or $7 per round trip on MetaTrader, for an all-in cost of 0.8 pips. Razor is suitable for algorithmic traders and anyone trading at volume.
The commission-free Standard account is less competitive. Its EUR/USD spread averaged 1.1 pips over the same period. Both accounts use variable spreads. Execution is a mix of agency and market maker models. There is a low $10 minimum deposit and no inactivity fee, and with a 1,000-unit forex contract size available, Pepperstone supports lower-budget traders as well as high-volume ones.
Commissions by platform: Razor commissions vary slightly depending on where you trade. MetaTrader charges $3.50 per side, and TradingView matches that for USD-denominated accounts. cTrader is cheaper at $3 per side, or $6 per round trip. I found these levels in line with what I expect from MetaTrader brokers that offer multiple commission-based accounts.
Active Trader program: Rebates and spread discounts across three tiers lower your effective cost further. Below 200 standard lots a month, Tier 1 pays about a $1 rebate plus a 10% spread discount. Tier 2 starts above 200 lots. Tier 3, for traders above 1,500 lots a month, pays up to $3 per lot with a 30% spread discount. You need to sustain the volume for three months to receive rebates. In my view, these terms are competitive with the best brokers in the industry for active trading.
VIP program: Professional clients who trade at least $15 million in volume for two straight months, across forex, CFDs, or commodities, qualify for VIP status. Perks include priority customer support and invitations to exclusive sporting and dining events.
Trading fees
In our live pricing analysis, we observed a 0.1-pip average spread on EUR/USD for the Razor account in August 2026, plus a $7 round-trip commission on MetaTrader, for an all-in cost of 0.8 pips.
| Feature |
Pepperstone
|
|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.1 |
| Average spread (EUR/USD) - Raw spread account | 0.1 |
| Commission per trade (EUR/USD) - Raw spread account | $7 |
| All-in Cost EUR/USD - Raw spread account | 0.8 |
| Inactivity Fee | No |
| International Wire Fee | 0 |
| Minimum Deposit | $10 |
Account types
We confirmed the availability of Standard and Razor accounts, swap-free Islamic accounts, Professional status, the Active Trader program, and a VIP tier. Fixed spreads are not available.
| Feature |
Pepperstone
|
|---|---|
| Variable Spreads | Yes |
| Fixed Spreads | No |
| Active Trader Program | Yes |
| VIP/Premium Account | Yes |
| Professional Account | Yes |
| Islamic Account | Yes |
Mobile trading apps
I spent considerable time in Pepperstone's new proprietary app, launched within the past year. Four tabs cover home, markets, watchlist, and portfolio, and that simplicity suits beginners. It isn't rolled out in every jurisdiction. Where it's unavailable, such as at the Australian entity, you're limited to the MetaTrader, cTrader, and TradingView apps.
Navigation: The modern design makes switching between tabs and sub-tabs quick. One tap on EUR/USD opened a chart, a second opened the buy or sell ticket, and a third submitted my order. On a few screens, the only exit is a small back arrow, and I briefly felt stuck. Personalization stops at dark mode, language, and watchlists.
Charting: This is the app's weak spot, with about six indicators, such as RSI and MACD. The best brokers offer over 100. I found no drawing tools beyond a crosshair. I counted 10 timeframes, with no tick, 8-hour, or 12-hour charts. I couldn't trade from the chart or drag to modify a stop-loss or take-profit, which TradingView supports. Charts don't sync across devices. Watchlists do.
The Pepperstone mobile trading app displays a daily candlestick chart for the EUR/USD currency pair within a clean, light-themed viewport. The screen integrates selectable chart intervals ranging from four hours to one month, accompanied by chart configuration and full-screen tools.
Order management: Stop-loss and take-profit toggles sit just below the fold, and an invalid stop-loss triggers a descriptive error. A real-time risk-reward box at the bottom of the ticket is a highlight. A $50 stop and a $100 target showed 1:2. With no default lot size, I sometimes hit an error. One-click trading, enabled in settings, skips confirmation and has its own default lot. Complex orders and price alerts aren't supported yet.
Discovery: Search bars on the home and markets tabs return related results across every market as you type. Dynamic watchlists act as screeners for top-traded assets, daily volume against the 30-day average, and the highest volume over 24 hours. It's the app's best feature. I'd still like to see sentiment data added.
Special tools: The flagship app has no AI tools or performance analytics. Copy trading requires a separate app, CopyTrading by Pepperstone, powered by Pelican. I found it excellent for choosing signal providers and setting risk controls. cTrader Copy and Signal Start are available on mobile too.
The Pepperstone Secure Client Area includes a dedicated Copy Trading hub that allows users to mirror experienced strategy providers. The interface provides direct links to launch the web-based Copy Trader platform or download dedicated mobile applications from the App Store and Google Play.
Available mobile platforms and tools
In our hands-on testing, we found about six built-in charting indicators in the proprietary app, alongside real-time risk-reward readouts and dynamic watchlist screeners. Drawing tools, price alerts, and complex orders require the MetaTrader, cTrader, or TradingView apps.
| Feature |
Pepperstone
|
|---|---|
| Proprietary Mobile Trading App | Yes |
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Price Alerts | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Charting - Trendlines Autosave | Yes |
| Mobile Charting - Indicators / Studies | 30 |
| Mobile Charting - Indicators Autosave | Yes |
| Mobile Watchlists - Column Filtering | Yes |
| Mobile Watchlists - Column Customization | Yes |
| Mobile Watchlists - Create & Manage | Yes |
| Mobile Watchlists - Syncing | Yes |
Trading platforms
Pepperstone supports five platforms: its proprietary Webtrader, MetaTrader 4, MetaTrader 5, cTrader, and TradingView. I think its support for algorithmic traders is excellent, with all four third-party platforms handling automated strategies. Webtrader isn't available everywhere. Pepperstone's Bahamas entity has it, but its Australian entity doesn't.
Custom Webtrader layouts: I rearranged panels using the six-dot grid in each window, nested multiple tabs per window, and saved the setup as a layout template. Color-coded module linking ties a chart, watchlist, and news panel together, so clicking a new asset updates all three. Only watchlists sync across devices.
Charting with drag-to-modify: Charts carry 90 indicators with adjustable parameters. Custom indicators aren't supported, and each chart holds a maximum of five indicators. I counted at least 12 drawing tools, including three Fibonacci retracement tools, and trendline properties let me change the style, color, and label or extend the line into the future. The nine timeframes, from one minute to one month, are the bare minimum. Dragging a stop-loss or take-profit on the chart pre-fills the order window, where I could fine-tune the levels or just click Modify.
Risk math in the order ticket: The ticket looks slightly dated. Its risk math is excellent. When I set a 5.1-pip stop on a 10-lot NZD/USD trade, it showed a projected loss of €439, or 4.39% of my €10,000 balance. Webtrader has no guaranteed stops, trailing stops, complex order types, or depth of market.
Steven's take
"One positive attribute of the Webtrader trade ticket is the integrated tick chart history, where you can see a streaming view of the bid/ask spread, including when prices may widen or narrow, because each bid and ask price has its own line chart history. This can be helpful when placing an order."
Steven Hatzakis
Director of Online Broker Research
Multi-condition alerts and analytics: Alerts accept multiple if/then conditions, a step above the basic alerts on most platforms. A Trading Dashboard tracks net profit or loss, win rate, return, max drawdown, and risk-reward after the fact. Search is literal. Typing XAU returned gold pairs, but Bellevue Gold and Goldman Sachs appeared only when I typed Gold.
MetaTrader and algo trading: Pepperstone has done a great job integrating MetaTrader into its client portal. Single sign-on let me launch demo and live MT4 and MT5 accounts with one password, and FX Blue's Smart Trader add-ons extend the default toolset. cTrader brings native API support and cAutomate, and on TradingView you can pair alerts with webhooks to run bots. The FIX API requires at least 160 million in monthly trading volume. I'd like to see a public API added. VPS hosting requires over $1m in trading volume across 60 days.
Pepperstone TradingView platform web layout dark mode showing charts watchlist and open positions.
Multi-broker copy trading: CopyTrading by Pepperstone, powered by Pelican, works with MetaTrader accounts. Its signal providers come from many brokers, so the pool is larger than on single-broker networks. Note that the availability of copy trading may depend on the jurisdiction of your account.
Available trading platforms and features
Our platform walkthrough verified 90 charting indicators in Webtrader, along with drag-to-modify orders on the chart and multi-condition alerts. Backtesting and depth of market are available only on the third-party platforms.
| Feature |
Pepperstone
|
|---|---|
| Desktop Platform (Windows) | Yes |
| Desktop Platform (Mac) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| FX Blue | Yes |
| Proprietary Desktop Trading Platform | Yes |
| Proprietary Web Trading Platform | Yes |
| TradingView | Yes |
| cTrader | Yes |
| Algorithmic trading | Yes |
| API Access | Yes |
| Charts can be saved | Yes |
| Client sentiment data | Yes |
| Trading Signals | Yes |
| Price Alerts | Yes |
| Virtual Private Server (VPS) | Yes |
| Virtual Trading (Demo) | Yes |
| Charting - Indicators / Studies (Total) | 90 |
| Charting - Trade From Chart | Yes |
| Charting - TradingView | Yes |
Available order types
We verified market and entry orders, along with stop-loss and take-profit protection orders, directly within the Webtrader trade ticket. Complex order types are available through Pepperstone's third-party platforms rather than Webtrader.
| Feature |
Pepperstone
|
|---|---|
| Order Type - Market | Yes |
| Order Type - Limit | Yes |
| Order Type - Stop | Yes |
| Order Type - Trailing Stop | Yes |
| Order Type - OCO | Yes |
| Order Type - OTO | Yes |
| Order Type - GSLO | Yes |
Research
Pepperstone's market briefings were the highlight of my research testing. I found that many balance fundamental drivers, such as central bank news, with technical levels, such as how an asset has moved relative to its exponential moving average on the four-hour chart or its MACD indicator. The briefings stop short of buy or sell recommendations. They still work much like trading signals, with potential entries, stop-loss levels, and profit targets. Daily articles add good depth on the economic events that move prices.
In-house video and podcasts: The YouTube channel holds a vast archive, and over the past year it has improved the quality and quantity of its videos, with series such as The Trade-Off podcast, The Macro Edge, and Tactical Tuesdays. About a dozen new videos went up in the month to the end of September 2026. I enjoyed The Trade-Off's countdown-timer debate format. Its latest Spotify episode for the Australian entity dates to May 2026, and the U.K. channel has paused it too. I'd like to see it resume or a new series replace it. I've also joined Head of Research Chris Weston in podcast-style recordings that went up on YouTube but not Spotify.
The Pepperstone Australia video channel publishes regular macroeconomic research and market commentary hosted by internal analysts, including Head of Research Chris Weston. The presentation breaks down expected interest rate decisions across major central banks, including the Federal Reserve, European Central Bank, Reserve Bank of Australia, and Bank of England.
Third-party news in the platform: Webtrader and the mobile app carry FxStreet headlines that I could sort and click through to full articles and related stories. In Webtrader, module linking filters headlines to the selected asset. Traders who deposit at least $300 get three months of Bloomberg News, renewable by trading at least 12 standard lots within that period.
Gaps in the toolkit: The flagship platform doesn't yet have an economic calendar or an earnings calendar. TradingView carries both, and cTrader and MetaTrader have economic calendars. Dedicated macro reports and company financial data are absent. Client sentiment data is missing. TradingView's buy or sell gauge reflects technicals, not true sentiment. Autochartist appears to have been discontinued, so trading signals aren't available, and Trading Central, TipRanks, and Acuity are absent. Connecting TradingView meant logging in and picking Pepperstone from a broker list. I'd prefer a direct launch.
Available research tools
Our analysis highlights daily market briefings, multiple weekly videos, FxStreet headlines, and a Bloomberg News offer for qualifying traders. The flagship platform lacks an economic calendar and sentiment data, and third-party tools such as Trading Central and Autochartist are unavailable.
| Feature |
Pepperstone
|
|---|---|
| Forex News (Top-Tier Sources) | Yes |
| Daily Market Commentary (Articles) | Yes |
| Daily Market Commentary (Videos) | Yes |
| Economic Calendar | Yes |
| Research - Earnings Calendar | No |
| Acuity Trading | No |
| Autochartist | No |
| TipRanks | No |
| Trading Central | No |
| Mobile Research - News | Yes |
| Mobile Research - Economic Calendar | Yes |
| Mobile Research - Market Movers | Yes |
Education
In my view, Pepperstone's education suits beginner and intermediate traders who learn by watching. The Learn hub covers technical and fundamental analysis across forex, stocks, crypto, and other popular markets, with guides pitched at beginner, intermediate, and advanced levels. Those guides lack the nuance and depth of Pepperstone's research. Structure is the bigger gap. Beyond guides and some archived webinars, there's no academy, no course with progress tracking or quizzes, and no lesson inside the platform. Until that changes, Pepperstone falls short of the category leaders.
A deep YouTube archive: Video is Pepperstone's strength, with thousands of videos going back years. When I checked, the Market Moves playlist alone had over 697 videos, and Master the Trade had over 620. Much of that content appears to be archived. Over the past year, production quality has reached a TV standard, with on-screen text, animation, and studio-grade audio. I'd like to see the best of these videos embedded in guides or packaged into courses.
Tutorials demonstrated on the platform: A dedicated playlist covers the cTrader platform. Five how-to guides cover logging in and other tips. I liked the videos that teach a concept while demonstrating it on the platform, sometimes with third-party experts. One lesson on range-bound strategies was shown on Pepperstone's TradingView platform. The Learn It in Three Minutes playlist on Bollinger Bands runs only a few short videos, each showing how to apply the indicator.
The Pepperstone education center organizes structured trading guides and learning materials by skill level, offering clear tags for Beginner and Intermediate traders. The content grid displays instructional articles covering fundamental market concepts such as contract for difference mechanics, foreign exchange swap calculations, and corporate earnings season trading.
Experienced analysts, uncredited articles: The firm's analysts, including the hosts of The Trade-Off podcast, bring decades of experience and degrees from respected universities. Many Learn hub articles list no author.
Thin in-platform guidance: I found few tooltips in Webtrader. Instrument details are limited to contract specifications such as market hours, swap rates, contract sizes, and price tick precision. I'd like a short summary of each asset, as the best brokers provide. The mobile app has more usage tips. When I entered an invalid stop-loss, the error message explained the problem clearly.
Available educational offerings
We found beginner and advanced trading videos, archived webinars, and written guides covering forex, CFDs, stocks, and crypto. Structured courses, progress tracking, and quizzes are not available.
| Feature |
Pepperstone
|
|---|---|
| Education (Forex) | Yes |
| Education (CFDs) | Yes |
| Education (Crypto) | Yes |
| Education (Stocks) | Yes |
| Education Area (Website) | Yes |
| Education Area (Mobile App) | No |
| Webinars | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
Final thoughts
Pepperstone makes it easy for active forex and CFD traders to keep costs low, with Razor spreads averaging 0.1 pips on EUR/USD, or 0.8 pips all-in, and a choice of MetaTrader, cTrader, and TradingView for algorithmic strategies. It earned Best in Class honors for MetaTrader in our 2026 Annual Awards, which I think is well-deserved given the single sign-on and FX Blue add-ons I tested. I also rate its in-house market analysis highly, and its new mobile app is easy to use.
Unfortunately, bare-bones charting in that app, education without structured courses, and the absence of third-party research tools prevent the broker from being a top recommendation for every trader. For algorithmic and high-volume traders looking for low-cost pricing and platform variety, Pepperstone is a strong fit, but if you're focused on a full-featured proprietary platform, the widest range of markets, or structured learning, I'd recommend exploring other alternatives.
Pepperstone's Star Ratings
| Feature |
Pepperstone
|
|---|---|
| Overall Rating |
|
| Trust Score | 94 |
| Range of Investments |
|
| Trading Fees |
|
| Trading Platforms |
|
| Research |
|
| Mobile Trading |
|
| Education |
|
Our testing
Why you should trust us
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.
How we tested
At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:
- For Apple, we use MacBook Pro laptops running the latest, and the iPhone XS running the latest version of iOS.
- For Android, we use the Samsung Galaxy S20 and Samsung Galaxy S23 Ultra devices running the latest Android OS.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
Read next
- Best MetaTrader 4 (MT4) Brokers for 2026
- Best Forex Trading Apps for 2026
- Best Forex Brokers for Beginners of 2026
- Best Forex Brokers for 2026
- Best Copy Trading Platforms for 2026
- Compare Forex Brokers
- Best Low Spread Forex Brokers for 2026
- Best Brokers for TradingView for 2026
- International Forex Brokers Search
More Forex Guides
- Best Forex Brokers with APIs for 2026
- Best Brokers for TradingView for 2026
- Best CFD Trading Platforms for 2026
- Best Forex Options Brokers for 2026
- Best Free Forex Trading Courses for 2026
- Best Forex Demo Accounts for 2026
- Best High-Leverage Forex Brokers for 2026
- Best MetaTrader 4 (MT4) Brokers for 2026
- Best Algo Trading Software for 2026
- Best Crypto Brokers for 2026
- Best Brokers that Use TipRanks in 2026
- Best PayPal Forex Brokers for 2026
- Best Forex Signal Providers for 2026
- Best High-Frequency Trading Software for 2026
- Best Forex Day Trading Platforms for 2026
- Best Trading Platforms for Mac Users of 2026
- Best MetaTrader 5 (MT5) Forex Brokers for 2026
- Best Market Maker Brokers in 2026
Popular Forex Broker Reviews
Best known for its mobile trading app, Trading 212 offers an easy-to-use trading platform suite for CFD and share trading.
Steven Hatzakis May 14, 2026
Check out our review of Charles Schwab, a highly trusted, multi-asset broker catering to U.S.-based and international forex traders.
Steven Hatzakis May 04, 2026
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to share trading and selection of CFDs.
Steven Hatzakis July 22, 2026
ACY Securities is a MetaTrader-only broker with a reasonable range of markets and a balanced account offering.
Steven Hatzakis May 04, 2026
Is Capital.com worth it in 2026? Our expert review covers 450+ crypto CFDs, a 0.7-pip EUR/USD spread, commission-free pricing, and platform quality.
Steven Hatzakis October 15, 2026
Our expert Tickmill review tests the broker's Raw account pricing, spreads, MetaTrader platforms, and tools to help you decide if it fits your trading in 2026.
Steven Hatzakis May 22, 2026
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience, along with an extensive selection of over 71,000 securities.
Steven Hatzakis September 10, 2026
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods.
Steven Hatzakis October 07, 2026
In my 2026 Exness review, I tested the Exness Terminal, MT4, and MT5 across 78 forex pairs. See my verdict on costs, research, and product range.
Steven Hatzakis May 27, 2026
Interactive Brokers forex review: I tested IBKR's spreads, commissions, and platforms in 2026. More than 100 pairs, but a $2 minimum commission per order.
Steven Hatzakis September 28, 2026
CMC Markets review 2026: 303 forex pairs (the most we track), 21,000+ CFDs, and top-tier charting. See where its spreads and education fall short.
Steven Hatzakis October 09, 2026
Traders choose Swissquote for its quality research and vast multi-asset offering.
Steven Hatzakis May 04, 2026
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading.
Steven Hatzakis October 09, 2026
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, and industry-leading education.
Steven Hatzakis August 04, 2026
Eightcap review 2026: low-cost forex and CFD trading on TradingView, MetaTrader, and TradeLocker, with a deep crypto CFD lineup. Read our expert verdict.
Steven Hatzakis October 05, 2026
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders.
Steven Hatzakis May 04, 2026
IC Markets is built for algorithmic and cost-sensitive forex traders: 0.72 pips all-in on EUR/USD and free colocated VPS, but no platform of its own.
Steven Hatzakis August 31, 2026
Formerly named City Index, StoneX Trading is a trusted brand known for its versatile trading platforms, excellent mobile app, and diverse market research.
Steven Hatzakis August 28, 2026
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe.
Steven Hatzakis May 04, 2026
Traders choose Admiral Markets (Admirals) for its excellent investor education and advanced MetaTrader features.
Steven Hatzakis May 04, 2026
Our 2026 HFM (HF Markets) review covers MT4, MT5, copy trading, the 344-symbol product offering, and 1.8-pip EUR/USD spreads, based on hands-on testing.
Steven Hatzakis September 30, 2026
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing.
Steven Hatzakis August 04, 2026
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform.
Steven Hatzakis October 08, 2026
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
Steven Hatzakis May 04, 2026
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience.
Steven Hatzakis October 07, 2026
A trusted global brand, OANDA stands out for its reputation and quality market research.
Steven Hatzakis May 04, 2026About Pepperstone
Founded in 2010 in Melbourne, Pepperstone is regulated in Australia, the U.K., Cyprus, Germany, Kenya, the UAE, and the Bahamas. It holds three Tier-1 licenses, two Tier-2 licenses, and two Tier-4 licenses. Pepperstone processes, on average, $12.55 billion of trades daily for more than 400,000 retail trading accounts across 176 countries, and employs over 400 staff globally. The broker recently launched pcrypto.com, a crypto exchange registered with AUSTRAC in Australia.
About the Editorial Team
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. 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).
John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.