- Strong regulations (ASIC, FCA, CySEC)
- Huge choice of trading platforms
- Tested with live accounts
As a globally recognised broker since 2010, Pepperstone is a frequent choice for traders. This 2025 review provides a clear look at their services, focusing on their pricing structure, the user feedback available, and the strong regulatory framework that underpins their global operations, all explained in simple terms.
Live Spreads: The Razor Account is Very Competitive
A primary expense when trading is the spread. The spread is the difference between the immediate buy and sell price of an asset. Pepperstone offers different account structures that affect this cost. Their Standard account typically includes all charges within the spread itself, making it commission-free. For those seeking tighter spreads, the Razor account offers pricing closer to the core market rates but adds a separate, fixed commission for each trade.
The live data presented in the table above suggests that Pepperstone provides very competitive pricing, especially on their Razor account, which is often highlighted for its low costs on major currency pairs and gold. To see how Pepperstone compares with other specific brokers or for different instruments, you can use the orange 'Edit' button to customise the display.
Pepperstone User reviews
)
Pepperstone Overall rating
| Rating | Weight | |
| User Rating |
4.2 (102 reviews)
 |
3 |
| Popularity |
4.0
|
3 |
| Regulation |
5.0
|
2 |
| Pricing rating |
4.5
|
1 |
| Features |
Not rated
|
1 |
| Customer Support |
Not rated
|
1 |
On RebateKingFX, Pepperstone holds a strong overall rating, which is significantly supported by positive user feedback and a top-tier score for regulation. Having been in operation since 2010, they are a well-established and popular choice for traders globally. Their high rating for pricing also aligns with user comments about competitive costs and the good value offered through their various trading accounts.
Regulation: Top-Tier Oversight from ASIC, FCA & More
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Pepperstone Group Limited |
|
 |
|
|
30 : 1 | |
| Pepperstone EU Limited |
|
up to €20,000
|
|
|
30 : 1 | |
| Pepperstone Limited |
|
up to £85,000
|
|
|
30 : 1 | |
| Pepperstone Markets Limited |
|
|
|
|
200 : 1 | |
| Pepperstone Markets Kenya Ltd |
|
|
|
|
400 : 1 | |
| Pepperstone Financial Services (DIFC) Limited |
|
|
|
|
30 : 1 |
Pepperstone is well-regarded for its robust regulatory foundation, holding authorisations from several financial authorities across the globe. This includes respected top-tier regulators like the Australian Securities and Investments Commission (ASIC) and the UK's Financial Conduct Authority (FCA). They also hold licenses from CySEC (Cyprus), BaFin (Germany), DFSA (Dubai), CMA (Kenya), and SCB (Bahamas).
This multi-entity structure means that clients are placed under different regulatory environments based on their location. Clients registered under ASIC, FCA, or CySEC benefit from stringent oversight, including access to investor protection schemes like the UK's FSCS (covering up to £85,000). In contrast, clients under the SCB or CMA entities can often access higher leverage but operate outside these specific compensation frameworks.
Available Assets: Over 4,000 Instruments Including Crypto CFDs
Traders at Pepperstone have access to an exceptionally wide array of financial markets. Their offering includes a vast selection of forex pairs, CFDs on global stock indices, energy products like oil, precious metals such as gold and silver, soft commodities, bonds, a variety of cryptocurrencies, and an extensive portfolio of international company shares and ETFs.
You can use the live symbol search tool above to explore the complete, up-to-date list of instruments. It's important to remember that these are predominantly traded as CFDs (Contracts for Difference). This method of speculating on price movements uses leverage, which can amplify gains but also significantly increases the risk of loss.
Live Swap Rates: Competitive Overnight Charges
Holding trading positions open from one day to the next typically involves swap rates. These are daily financing adjustments, which can be either a charge or a credit to your account, based on the instrument, your trade direction, and prevailing interest rates. Pepperstone's swap rates are known to be generally competitive.
As is standard industry practice, a triple swap adjustment is usually applied mid-week (often on a Wednesday) to account for holding a position over the weekend. The data shown in the table above is sourced from live accounts. To compare the swap rates for Pepperstone against other brokers or for different symbols, you can use the orange 'Edit' button.
Trading Platforms: MT4/5, cTrader and TradingView
| Platform | Main Benefits | Points to Note |
|---|---|---|
| MetaTrader 4 (MT4) |
|
|
| MetaTrader 5 (MT5) |
|
|
| cTrader |
|
|
| TradingView |
|
|
Pepperstone stands out with its excellent range of platform choices. Clients can use the globally popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, the intuitive cTrader platform, and also connect their account to the powerful charting tools of TradingView. This selection caters to nearly every type of trader, from beginners to experienced professionals.
Deposits/Withdrawals: Many Options (No Direct Crypto Funding)
| Payment Method | Processing Times | Fee Stated by Pepperstone | Common Base Currencies |
|---|---|---|---|
| Bank Wire | 1-5 business days | None* | AUD, USD, JPY, GBP, EUR, CAD, NZD, SGD, HKD, CHF |
| Credit/Debit Cards | Instant | None | AUD, USD, JPY, GBP, EUR, CAD, NZD, SGD, HKD, CHF |
| PayPal | Instant | None | AUD, USD, JPY, GBP, EUR, CAD, NZD, SGD, HKD, CHF |
| Skrill / Neteller | Instant | None | USD, EUR, GBP, AUD, JPY |
| Regional Methods (BPAY, POLi etc.) | Varies (Often Instant) | None | Regional currencies (e.g., AUD) |
Pepperstone provides a diverse selection of methods for funding your account and withdrawing profits. These include traditional bank transfers, major credit and debit cards, popular e-wallets like PayPal, Skrill and Neteller, and a variety of local payment solutions.
Pepperstone typically does not charge its own fees for deposits or withdrawals. It's important to be aware, though, that third-party payment services or *intermediary banks may apply their own charges. Direct funding via cryptocurrencies is not available at the moment. For the most up-to-date information on methods and any fees, always check the official Pepperstone website.
Leverage: Up to 1:400 via Offshore Entities
The maximum leverage available with Pepperstone is directly tied to the regulatory authority overseeing your account. Clients registered under stricter regulators like ASIC (Australia), FCA (UK), or CySEC (Cyprus) will typically have leverage capped at 1:30 for major forex pairs, in line with retail client protection standards.
Accounts held with entities regulated by the SCB (Bahamas) or CMA (Kenya) can often access much higher leverage, up to 1:200 and 1:400, respectively. While this can increase trading power from a smaller capital base, it equally amplifies the risk of loss, requiring careful risk management.
Pepperstone Profile
| Company Name | Pepperstone Group / Pepperstone Markets Limited |
| Categories | Forex Brokers, Forex Rebates |
| Primary Category | Forex Brokers |
| Year Founded | 2010 |
| Headquarters | Australia |
| Office Locations | Bahamas, China, Thailand, Ukraine, United Kingdom, United States |
| Account Currency | AUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD, HKD |
| Client funds bank | National Australian Bank (NAB) |
| Support Languages | Arabic, Chinese, English, French, German, Italian, Spanish, Thai, Vietnamese |
| Funding Methods | Bank Wire, BPAY, China Union Pay, Credit/Debit Card, Neteller, PayPal, POLi, Skrill, Local Bank Transfer |
| Financial Instruments | Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals, ETFs, Soft Commodities (coffee, sugar...) |
| Prohibited Countries | Afghanistan, Armenia, Antarctica, American Samoa, Azerbaijan, Bosnia and Herzegovina, Belgium, Burundi, Bhutan, Belarus, Belize, Canada, Central African Republic, Congo, Ivory Coast, Cameroon, Western Sahara, Eritrea, French Guiana, Guinea, Guadeloupe, South Georgia and the South Sandwich Islands, Guam, Guinea Bissau, Guyana, Haiti, Iraq, Iran, Japan, St Kitts and Nevis, North Korea, South Korea, Kazakhstan, Lebanon, Liberia, Libya, Mali, Myanmar, Martinique, Mozambique, Nicaragua, New Zealand, French Polynesia, Puerto Rico, Reunion, Russia, Sudan, Somalia, Suriname, Syria, Turks and Caicos Islands, Chad, Tajikistan, Turkmenistan, Tunisia, United States, Uruguay, Saint Vincent and the Grenadines, Venezuela, Virgin Islands, U.s., Vanuatu, Samoa, Yemen, Mayotte, Zimbabwe, Palestine, Holy See (Vatican City State), St Lucia, South Sudan |
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
The Pepperstone profile on RebateKingFX offers a comprehensive summary of the broker's key details. It outlines the available account base currencies (such as USD, EUR, GBP, AUD), lists the many deposit and withdrawal methods, and highlights the languages supported. You can also find vital information regarding client fund safety, their regulatory licences, and a list of restricted countries.
Pepperstone Promotions
Pepperstone's promotional focus is generally on providing valuable tools for traders rather than large welcome bonuses. Their main ongoing offer is usually Free VPS (Virtual Private Server) hosting for eligible clients who meet certain trading volume criteria. This is particularly useful for traders running automated strategies 24/7. For the latest details on the VPS requirements or any other special offers, it's always best to check the official Pepperstone website directly.
Pepperstone User Rating
Pepperstone reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.
Pepperstone Cashback rebates
| Edge Standard | Edge Razor | |
| Forex | Monthly Cash Back 0.328 Pips - FX Majors0.41 Pips - FX Others --OR-- Paid Direct to Your Broker Account 0.24 Pips - FX Majors 0.30 Pips - FX Others + Monthly Cash Back 0.088 Pips - FX Majors 0.11 Pips - FX Others | Monthly Cash Back 1.15 USD 1.15 AUD 0.86 EUR 0.74 GBP 1.09 CHF 1.15 CAD 1.50 SGD 1.57 NZD 9.29 HKD --OR-- Paid Direct to Your Broker Account 12.857% Of Commissions Paid + Monthly Cash Back 3.64% Of Commissions Paid |
| Other | No Rebates Paid | |
| Payment Options |
Direct to broker account (Daily)
Monthly Cash Back
| |
| Edge Standard | |
| Forex |
Monthly Cash Back 0.328 Pips - FX Majors0.41 Pips - FX Others --OR-- Paid Direct to Your Broker Account 0.24 Pips - FX Majors 0.30 Pips - FX Others + Monthly Cash Back 0.088 Pips - FX Majors 0.11 Pips - FX Others |
| Other | No Rebates Paid |
| Payment Options |
Direct to broker account (Daily)
Monthly Cash Back
|
| Edge Razor | |
| Forex |
Monthly Cash Back 1.15 USD 1.15 AUD 0.86 EUR 0.74 GBP 1.09 CHF 1.15 CAD 1.50 SGD 1.57 NZD 9.29 HKD --OR-- Paid Direct to Your Broker Account 12.857% Of Commissions Paid
+ Monthly Cash Back 3.64% Of Commissions Paid |
| Other | No Rebates Paid |
| Payment Options |
Direct to broker account (Daily)
Monthly Cash Back
|
Notes
Rebate is converted to USD upon trade close.
Rebates are not paid for:
- Accounts registered with: CySEC, German BaFin entities
- Residents of Japan, France, Belgium
- Islamic, Spread Betting or Active Trader accounts
- EU and UK accounts
What are Pepperstone rebates?
How do Pepperstone rebates work?
When a trader links their new or existing forex trading account to us, the broker pays us a volume based commission for every trade that's placed. We then pay most of this back to our clients. Unlike a few of our competitors your spreads will never increase as a result of using our service. Instead, you'll pay lower transaction costs and increase your win ratio. Ultimately, you get a better deal working with us than working only with the broker.How much Pepperstone rebates can I earn?
Which Pepperstone rebate program is the best?
Will my Pepperstone spreads increase?
How can it be better to work through a 'middle-man' than just working directly with Pepperstone?
Pepperstone rebates are similar in nature to a credit card rewards program. Let’s take a Visa credit card for example. When a consumer purchases something using a credit card the vendor incurs a fee of between 1.5% – 3% which they pay to Visa. Many consumers are enrolled in a credit card rewards program and receive approximately 1% cashback reward on any credit card purchase they make. Is it free money? Yes and no. It’s money the consumer would not have received if they were not signed up with the rewards program, however it’s paid for out of fees charged to the vendor who will naturally build such fees into the cost of their products.
A forex rebate provider typically has a contractual relationship with a number of different forex brokers and earns a commission for each trade placed by a trader they refer to the forex broker. The marketing benefits afforded to forex brokers by such a system are substantial, from actual referred clients to branding, added search engine visibility, etc. The rebate provider then pays the client a cash rebate from the commission they earn from the forex broker.
Are Pepperstone rebates worth the effort?
The biggest obstacle to any forex trader is the cost of the transaction. It may seem small, but in fact it’s the biggest factor that gives the trader less than a 50% chance of winning any particular trade. This seemingly small cost can be devastating when compounded, and in the long term if the trader relies on luck alone they are sure to continually lose on their investment. Pepperstone rebates reduce the cost of the transaction and increases a trader’s probability of winning. Still, a trader must rely on their trading skill to close the remainder of the gap.
Why don't you offer more forex rebate brokers?
We have chosen to focus on the more reliable, competitive and trustworthy brokers. If we were to add every forex broker that approached us we would have at least several hundred. Currently we have a relationship with all of the most popular broker’s across the globe. As a customer-focused company our paramount concern is that we send clients to broker’s where they will be able to withdraw their funds easily when the time comes; and experience fair trading conditions and good customer service.
Copy Link
Share on Facebook
Share on X
Share by Email