Pepperstone review: regulation, fees and platforms
Facts read from Pepperstone's own website, checked 2026-10-28. Anything not found there is marked "Not stated on the broker's site".
- Minimum deposit: £10 (UK site, all three account types)
- Max retail leverage: Not stated on the broker's site
- Regulators: 3: FCA, Securities Commission of The Bahamas, CySEC (2 tier-1)
- Retail loss figure: 73.6% of retail accounts lose money (Pepperstone Limited (UK))
- Islamic account: Not stated on the broker's site
- Instruments: Not stated on the broker's site
- Founded: 2010
- Headquarters: Not stated on the broker's site
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you can afford to take the high risk of losing your money.
Regulation
| Regulator | Country | Licence | Entity |
|---|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | 684312 | Pepperstone Limited |
| Securities Commission of The Bahamas | Bahamas | SIA-F217 | Pepperstone Markets Limited |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | 388/20 | Pepperstone EU Limited |
Account types
| Account | Spread from | Commission |
|---|---|---|
| Standard (CFD) | Not stated on the broker's site | None on FX; share CFDs from 0.1% per side |
| Razor (CFD) | 0.0 points on FX | From £2.25 per lot per side (FX and spot gold) |
| Spread betting | Not stated on the broker's site | None |
Maximum retail leverage by region
Not stated on the broker's site
Platforms
TradingView, MetaTrader 4, MetaTrader 5, cTrader, Pepperstone platform
Deposit methods
Not stated on the broker's site
Notes from the check
- Founded in Melbourne in 2010, per the about page.
- States 9 licensed entities globally; only the two above are named on the pages checked.
- The global (Bahamas) page shows 80% of retail accounts losing money with that entity.
- The UK accounts page gives conflicting market totals, so no count is shown.
ScaleEdge score: 83/100 (rank 1 of 12 by our published method)
| Factor | Points | Basis |
|---|---|---|
| Tier-1 regulators | 24/30 | 2 tier-1: FCA, CySEC |
| Retail loss figure | 6.8/15 | 73.6% of retail accounts lose money (Pepperstone Limited (UK)) |
| Minimum deposit | 15/15 | 10 GBP |
| Platform choice | 20/20 | MT4, MT5, cTrader, TradingView, own platform (Pepperstone platform) |
| Raw spread and commission | 15/15 | Razor (CFD): spread from 0.0 points on FX, commission From £2.25 per lot per side (FX and spot gold) |
| Islamic (swap-free) account | 2.5/5 | Not stated on the broker's site, scored neutral (2.5 of 5) |
Sources (checked 2026-10-28)
- Pepperstone about us (global)
- Pepperstone about us (UK)
- Pepperstone trading accounts (UK)
- CySEC register of Cypriot investment firms
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