Pepperstone review
Trust 9.2/10Award-winning Australian broker, top choice for cTrader and algo traders. Razor account offers raw spreads with $7/lot commission.
ASIC
FCA
CySEC
DFSA
BaFin
CMA
SCB
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At a glance
Min deposit
$200
Max leverage
1:500
EUR/USD spread
0.09 pips
Commission
$7/lot
Pros
- Tight raw spreads
- Multiple platforms (cTrader, MT4, MT5, TradingView)
- ASIC and FCA regulated
- Excellent execution speed
- Strong reputation
Cons
- Higher minimum deposit than some
- No proprietary platform
- Limited educational content
Account types
| Account | Available | Best for |
|---|---|---|
| Raw / ECN spread | Scalpers, algo traders, high-volume | |
| Standard | All-in spreads, simpler costs | |
| Swap-free / Islamic | Swing traders, religious requirements |
Platform support
| Platform | Supported |
|---|---|
| cTrader | |
| MetaTrader 4 | |
| MetaTrader 5 | |
| TradingView | |
| Proprietary |
Trading costs
| Item | Value |
|---|---|
| EUR/USD avg spread | 0.09 pips |
| Commission per standard lot | $7 round-trip |
| Swap fees competitive? | |
| Withdrawal speed | — |
| Deposit methods | — |
| Base currencies | — |
Best for
Algo traders
Scalpers
cTrader users
AU and NZ residents