Pepperstone Review 2026
Pepperstone is a raw-spread forex and CFD broker regulated by FCA, ASIC, CySEC and DFSA entities, with strong platform coverage.
- 88 / 100
- Compliant
- Australia
- ASIC
- CySEC
- DFSA
- FCA
- CMA Kenya
- Min. Deposit
- $10*
- Max. leverage
- 1:500
- Spread From
- 0.0 pip
- Commission
- $7/lot
- Trading platforms
- MetaTrader 4, MetaTrader 5, cTrader and TradingView.
Key features
- Razor account raw spreads from 0.0 pip
- TradingView and cTrader support
- FCA, ASIC, CySEC and DFSA entities
- Good fit for scalping and active trading
Regional coverage
Strong fit for UK, EU, Australia and MENA traders who want tier-1 regulation and raw-spread infrastructure.
Investor protection
FCA clients may access FSCS protection and CySEC clients may access ICF compensation. ASIC and DFSA entities provide regional conduct oversight.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
DFSA · License No. F004356
Pepperstone Financial Services (DIFC) Ltd · Middle East
Trading conditions
- Min. Deposit
- $10*
- Spread From
- 0.0 pip Raw
- Commission
- $7/lot
- Max. leverage
- 1:500
- Islamic
- Yes
- Trading platforms
- MetaTrader 4, MetaTrader 5, cTrader and TradingView.
Spreads shown are minimum values from the lowest-spread account type. Actual spreads vary by account, instrument, and market conditions. Islamic (swap-free) account availability may depend on your region and entity. Always verify directly with the broker.
8-pillar score
Weighted /100
Pros
- Holds at least one tier-1 licence (FCA, ASIC, CySEC, DFSA, CFTC/NFA or FMA).
- Multiple legal entities are documented, so you can match the company in the client agreement.
- Advertises raw / 0.0-pip pricing on at least one account path.
- Published minimum deposit is $10*, which is usable for a small live test.
- Islamic / swap-free accounts are published as available in supported regions.
Cons
- Terms, spreads and products still change by legal entity — the brand page is not the contract.
Usually not for
- US residents who need a CFTC/NFA retail forex broker.
How do I choose a licensed forex broker?
Choose the entity licensed where you live — FCA (UK), CySEC (EU), ASIC (Australia) or DFSA (Dubai/Gulf) — and match its license number to the client agreement before you deposit.
Detailed explanation
A brand is not a license. Compensation, leverage caps and complaints follow the company that opens the account. CySEC covers the EEA (Cyprus ICF). FCA sits under UK rules and the FSCS. ASIC serves Australian retail clients. DFSA serves the DIFC. Offshore entities such as FSA Seychelles or FSC Belize sit outside those schemes.
Example
A UK account under an FCA-authorised company can use the Financial Ombudsman and, if the firm fails, the FSCS (up to £85,000). The same brand’s Seychelles entity would not.
Common mistake
Treating a CySEC, FCA or ASIC logo on a landing page as proof that your account is covered. Many groups onboard international clients through an offshore company. If the agreement names that company, the EU, UK or Australian compensation scheme does not apply.
Professional tip
Search the official register by license number, not only by brand. Confirm the status is authorised or active, that forex or CFDs are listed, and that the legal name matches the agreement before the first deposit.