Pepperstone Review

Pepperstone may be a new Forex broker on the market, but it is already showing tremendous promise as one of the strongest Australian-based brokers. In fact, we found that a simple Pepperstone review may not be enough to get a full impression of this ECN broker. With extremely low spreads, a customizable practice account and a partnership with nearly two dozen banks to provide maximum liquidity, Pepperstone is a broker that may be ideal for anyone looking for a no dealing desk broker that accommodates all trading styles. If you value excellent trading conditions over welcome bonuses or short-term promotions, Pepperstone may be the Forex broker you’re looking for. 

One thing to know about Pepperstone before depositing is that they claim not to have hidden fees. Don’t think that this means that there are no fees – as with most Forex brokers, Pepperstone does charge withdrawal fees and other administrative charges, but we found, for the most part, that these expenses are listed on the site, instead of being concealed as they are on many other broker websites. 

Established in: 2010

Regulated by: ASIC

US trading: No

Currency pairs offered: 25

ECN trading: Yes

Spreads: Variable from 0.1 pips and up (for Razor (ECN) account holders. Spreads start at 0.5 pips for standard account holders)

Minimum deposit: $200

Maximum leverage: 1:200

Minimum lot size: 1,000

Demo account: Yes

Beginner’s trading platform: No

Platform: Downloadable only (MT4 and MT5 available)

Mobile trading: Not yet

Chat support: Yes

Scalping: Yes

Hedging: Yes

Trailing stops: Yes

Trading room: No

Welcome bonus: No

Referral bonus: No

Editor’s notes: While most ECN brokers require a minimum deposit of $1000, Pepperstone’s lower minimum deposit brings the beauty of ECN trading to every trader. It goes without saying that traders can also enjoy Pepperstone’s standard trading accounts which have no commission and are available in 7 currency bases. Traders who rely upon industry updates can appreciate Pepperstone’s abbreviated (aka 90 second) and full market updates are updated regularly.   

There’s no question that Australian Forex brokers are sprouting up regularly, and that there’s a race to dominate the market. Pepperstone does an excellent job of competing with its competitors, not only within its borders, but worldwide.   After a full Pepperstone review, we feel entirely comfortable recommending this brokerage.

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Visit Pepperstone Website

Quick Information

Name: Pepperstone
Country: Australia
Established: 2010
Languages: 1
Platform: All


  • ECN trading available
  • Spreads starting at 0.5 pip
  • Fast trade execution
  • Reliable and regular market updates


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