Pepperstone: Official Review 2024, Pros and Cons

21 December 2023


  • Australian CFD broker with European branch
  • 5 external platforms that can be connected to the account
  • 7 tradable asset classes
  • Efficient customer service

pros Pros:

  • Quick and easy account opening
  • Low spreads and fees
  • No minimum deposit
  • No inactivity fees

pros Cons:

  • Small number of tradable assets
  • CFDs on British and European stocks not available
  • Broker not suitable for long-term investments
  • Maximum leverage available 1:30
Fees and Costs:
Products and Markets:
Trading platform:
Tax regime:
Ease of use
Overall rating
77.5% of CFD accounts lose money


Quick and easy account opening.
Low spreads and fees.
No minimum deposit.
No inactivity fees.


Small number of tradable assets.
CFDs on Italian and European stocks not available.
Broker not suitable for long-term investments.
Maximum leverage available 1:30.

Pepperstone review: pros and cons uncovered

Pepperstone is an Australian broker founded in 2010, specializing in Forex and CFD trading. Its global presence and a large number of clients make it one of the leading brokers in the online trading landscape.
Pepperstone offers its trading services to European investors through a branch office based in the United Kingdom. In this review we have taken a look at Pepperstone`s trading account and services, paying particular attention to costs, security, and platforms.
Is Pepperstone the right choice for Forex and CFD trading?


Pepperstone Group Limited is an Australian investment company with license No. 414530 issued by the Australian Securities and Investment Commission (ASIC). In the UK, it operates through its UK branch, where it holds an additional license (684312) issued by the Financial Conduct Authority (FCA).

For UK clients, opening a Pepperstone account is therefore done through the UK branch.
This implies that European investment regulations will be adopted for UK clients.

Among the most important European legislative measures to protect the investor we have:

  • The European Deposit Guarantee Scheme. This is a true trading account insurance that in the case of UK brokers (and thus Pepperstone EU Limited) covers up to €20,000 per client.
  • Segregation of funds. According to this principle, client funds must be kept separate from those of the broker. In the unlikely event of the broker`s bankruptcy, no creditor of the broker could try to retaliate against funds deposited by clients.
    In Pepperstone`s case, customer funds are segregated in Barclays accounts in the United Kingdom.
  • Negative balance protection. As a result of this legislative requirement, no customer can generate a loss on his or her account greater than his or her cash balance (i.e., what he or she has deposited in the account). Even in the event of unfavourable events for the trader, the broker is obliged to put in place a number of measures to prevent the generation of losses in excess of what is available in the account.

Author of the review:

Pepperstone review
Alfredo de Cristofaro
Graduated in Economics of Financial Intermediaries, after having worked for several years at one of the main financial brokers in Europe, he decided to make available to investors the knowledge gained over the years. On he's responsible of reviewing the stockbrokers, making sure that the highest standards of safety and transparency are guaranteed.
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