Pepperstone Broker Review: The Scalper's Choice
🌶️ Pepperstone is a world-class broker famous for its lightning-fast execution and Razor Accounts (0.0 pips). Regulated globally (SCB, ASIC, FCA), it offers the best integration with TradingView and cTrader in the market. With $0 Minimum Deposit and 1:500 leverage, it is the top choice for scalpers and algorithmic traders.
Min Deposit
$0
Withdrawal Fee
$0
Deposit Fee
$0
Countries
Broker Overview
🏆 Why Pepperstone is a "Razor" Sharp Choice?
Founded in Melbourne in 2010, Pepperstone processes over $9 billion in trades daily. It is widely considered the best broker for automated trading (EAs) and scalping due to its deep liquidity pools.
⚡ The "Razor" Advantage
The Razor Account gives you access to institutional-grade spreads from 0.0 pips on EURUSD with no markups. It connects directly to the Equinix NY4 server for execution speeds under 30ms.
📈 Best TradingView Broker
Pepperstone was named the "Best TradingView Broker". You can connect your Pepperstone account directly to TradingView's charts to trade, execute scripts, and use advanced indicators seamlessly.
🛡️ Global Reach
✅ No Dealing Desk - 100% automated execution (STP/ECN).
✅ Active Trader Program - Get cash rebates if you trade high volume.
✅ No Inactivity Fees - Keep your account open without penalties.
Pros & Cons
Pros
- Spreads from 0.0 pips (Razor)
- Best TradingView Integration
- cTrader & MT4/MT5 Available
- No Minimum Deposit ($0)
- Fast Execution (<30ms)
- Active Trader Program (Rebates)
- Regulated by SCB, ASIC, FCA
- Leverage up to 1:500 (Global)
- 1200+ Instruments
- PayPal Accepted
- Excellent Customer Support (24/5)
- Smart Trader Tools (28 Plugins)
- No Inactivity Fees
- Crypto Trading 24/7
Cons
- No "Cent" Accounts
- No Welcome Bonuses (Strict Policy)
- Standard spreads (1.0) average
- Daily Swap Fees apply (unless Islamic)
- Withdrawal via Bank Wire can take 2-3 days
General Information
Max Leverage
Spreads From
Execution Models
Deposit Currencies
Support Languages
Auto Trading
Contact Information
Account Types Overview
Simple, Transparent Accounts
Pepperstone keeps it simple with two main account types:
🟢 Standard Account
Best for: Beginners.
Structure: 0% Commission. Spreads from 1.0 pips.
Min Deposit: $0.
🔴 Razor Account (Most Popular)
Best for: Scalpers & EAs.
Structure: Spreads from 0.0 pips. Commission ~$3.50/side.
Platforms: MT4, MT5, cTrader, TradingView.
🔵 Swap-Free Account
Best for: Sharia Compliance.
Structure: 100% Interest-free (Admin fees apply after 10 days).
Account Types
Razor - Pepperstone
Phone trading
Features
Deposit Currencies
Trading Instruments
Forex
Number of currency pairs: 23
CFDs
Amount of assets: 14+
Metals
Energy Source
Shares
Stock exchange
Characteristics
Stop Out
50%
Margin Call
90%
Min Position
Varies
Max Position
Varies
Execution
market
Spread Type
Floating
Decimals
5
Locked Margin
Not specified
Commission
Varies
Standard - Pepperstone
Phone trading
Features
Deposit Currencies
Trading Instruments
Forex
Number of currency pairs: 23
CFDs
Amount of assets: 14+
Metals
Energy Source
Shares
Stock exchange
Characteristics
Stop Out
50%
Margin Call
90%
Min Position
Varies
Max Position
Varies
Execution
market
Spread Type
Floating
Decimals
5
Locked Margin
Not specified
Payment Methods
Deposit Methods
Withdrawal Methods
Regulation Information
Pepperstone Global Regulation
Pepperstone Group operates through several subsidiaries:
SCB (Bahamas): Pepperstone Markets Limited (SIA-F177) - Global Entity.
ASIC (Australia): Pepperstone Group Limited (AFSL 414530).
DFSA (Dubai): Pepperstone Financial Services (DIFC) Limited (F004356).
CMA (Kenya): Pepperstone Markets Kenya Limited (License 128).
Commission & Fees
Fees & Spreads
Pepperstone offers industry-leading pricing:
Razor (MT4/MT5): Commission $3.50 per side ($7 round turn). Spreads 0.0 pips.
Razor (cTrader): Commission $3.00 per side ($6 round turn). Spreads 0.0 pips.
Standard: $0 Commission. Spreads from 1.0 pips (Mark-up).
Deposit/Withdrawal: $0 Fees on most methods.
Trading Platforms
Frequently Asked Questions
What is the minimum deposit for Pepperstone?
Pepperstone has no minimum deposit requirement ($0). However, they recommend starting with at least $200 to trade effectively.
Does Pepperstone offer a bonus?
No, Pepperstone does not typically offer deposit bonuses. Instead, they offer an "Active Trader Program" which pays cash rebates to high-volume traders.
Which platform is better: MT4 or cTrader?
MT4 is better if you use Expert Advisors (EAs). cTrader is superior for manual scalping due to its modern interface, Depth of Market (DoM), and lower commissions ($6 vs $7).
Can I connect TradingView?
Yes, Pepperstone offers a direct integration. You can log in to your Razor account directly on the TradingView website and execute trades from the charts.
Start Trading
Important Notice
Trading CFDs involves risk. Pepperstone does not accept clients from the USA, Canada, or Japan.
Quick Facts
- Trading Platforms
- cTraderMetaTrader 4MetaTrader 5+1
- Execution Model
- NDD (No Dealing Desk)ECN (Razor)STP (Standard)
- Deposit Currency
- USDEURGBPAUD+6
- Support Languages
- EnglishSpanishPortuguese+7
