Pepperstone review: What you need to know before signing up

Pepperstone is primarily a Forex and CFD broker, offering more than 1,350 trading instruments. You can trade shares, indices, commodities, and cryptocurrencies. In total, Pepperstone provides access to over 1,000 shares, 20 indices, 15 commodities, and crypto CFDs*.(*Subject to jurisdiction. Not available to UK retail clients.) On the Forex side, Pepperstone covers more than 100 currency pairs, including major currencies, minors, and several exotics.

Here is a list of the financial instruments offered by Pepperstone as CFDs:

• Stocks:
  1000 shares
• Crypto CFDs:
  30 cryptocurrencies
• Forex:
  100 pairs
• CFDs:
  1350 CFDs
• ETFs:
  100 ETFs

Pepperstone specialises in CFDs and Forex, so the CFD range is extensive. Pepperstone’s spreads and commissions vary according to the type of account and the underlying asset. Overall, CFD trading fees are built into the spread, which is typically very competitive.

Two types of accounts are available: the Standard account and the Razor account.

• Standard account: no commission but higher spreads.
• Razor account: lower spreads, reduced to interbank spreads of around 1 pip on EUR/USD, plus a fixed commission of about £2.30 per lot.

An overview of the spreads on Pepperstone’s key instruments:

• CAC40 Spread:
  1 pip
• STOXX50 Spread:
  4.5 pip
• FTSE100 Spread:
  1 pip
• Spread SP500:
  0.4 pip

For share CFDs, Pepperstone applies fees starting from 0.02 USD per share, varying according to market conditions. These fees are especially attractive for traders looking to invest in a wide range of shares via CFDs while benefiting from extremely fast execution and very low transaction costs.

• Commission per share:
  0%
• Fee per share:
  0,02$
• Direct share purchase:
  No
• CFD on shares:
  Yes

Forex fees are low. They vary depending on market conditions and typically start around 0.69 pip on EUR/USD, with slightly higher spreads for other currency pairs.

For cryptocurrencies CFDs, Pepperstone offers a minimum spread on Bitcoin against the US dollar of 13, averaging around 21.17. For ETHUSD, the average spread is 3. Pepperstone offers around 30 crypto CFDs with up to 1:2 leverage.

• EUR/USD Spread:
  0
• EUR/GBP spread:
  0.1
• GBP/USD Spread:
  0
• USD/CHF Spread:
  0.3

• Number of cryptocurrencies:
  30
• Minimum crypto spread:
  0.7
• Crypto CFDs:
  Yes
• Direct crypto purchase:
  No

Pepperstone Trading Platform is Pepperstone’s proprietary platform, offering an intuitive trading experience across desktop and mobile. It includes advanced charting, customisable watchlists and account management tools.

cTrader is designed for traders of all experience levels and provides advanced features, including algorithmic trading.

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are also available with Pepperstone, catering to different trading styles.

TradingView is also available, offering interactive charts and advanced technical analysis tools to help traders monitor markets and customise their trading experience.

Each platform has its own mobile application – cTrader, MT4, MT5, and TradingView – all compatible with iOS and Android. These apps provide advanced experiences with interactive charts and complex technical analysis tools for traders on the move.

Pepperstone is regulated by CySEC, the FCA, the CMA, BaFin, and the SCB, among others, and segregates client funds in Tier 1 banks.