ActivTrades Logo

Pepperstone Review 2023

Written by: Edith B. . Updated:Dec 2022
Expert verified
Recommended for
  • forex trading 4.1/5
Trusted broker
Regulated by top-tier financial authorities
1978 people chose this broker in the last 6 months
BrokerChooser Score

Pepperstone review summary

Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia. Pepperstone’s account opening is fast, easy, and fully digital. Customer service provides quick and relevant answers. Deposit and withdrawal processes are user-friendly and, in most cases, free of charge. On the negative side, you can mostly trade CFDs and the MetaTrader platform is rather basic. BrokerChooser gave Pepperstone a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Is Pepperstone a legit broker?

See how Pepperstone is regulated and whether you should have any concerns using it.

Pepperstone pros and cons



Pepperstone main highlights

🗺️ Country of regulation

UK, Germany, Cyprus, Australia, United Arab Emirates, Bahamas, Kenya

💰 Trading fees class


💰 Inactivity fee charged


💰 Withdrawal fee amount


💰 Minimum deposit


🕖 Time to open an account

1 day

💳 Deposit with bank card


👛 Depositing with electronic wallet


💱 Number of base currencies supported


🎮 Demo account provided


🛍️ Products offered

Forex, CFD, Crypto


Pepperstone has low forex and non-trading fees, including no inactivity or account fees. However, CFD financing rates are high for a few assets.

Account opening

Pepperstone’s account opening process offers a rewarding experience. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.

Deposit and withdrawal

Pepperstone provides plenty of deposit and withdrawal options, as well as a wide selection of account base currencies. However, there is a high, $20 fee for bank withdrawals for clients outside the EU and Australia.

Web trading platform

Pepperstone’s web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and its design is outdated.

Mobile trading platform

Pepperstone has a great mobile trading platform offered by MetaTrader 4. It is well-designed and user-friendly. However, it lacks a safe login.

Desktop trading platform

In design and functionality, Pepperstone’s MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts on the desktop trading platform.

Markets and products

At Pepperstone you can only trade forex and a range of CFDs (commodity, stock index, ETF, share, and crypto CFDs). This means that many popular asset classes such as real stocks and ETFs are missing.


You can find trading ideas based on technical tools and read market reports written by Pepperstone’s research team.

Customer service

Pepperstone’s customer service is great. You can reach them on several channels and will get quick and relevant answers.


Pepperstone has great educational materials. You can use demo accounts, participate in webinars and watch educational videos.


Pepperstone is regulated by 7 national authorities including top-tier regulators such as the FCA in the UK. At the same time, the company is not listed on any exchange, does not disclose financial information and does not have a bank parent.