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Score

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.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

Pepperstone

Australia | 10-15 years | Environment AA |
Regulated in Australia | Market Maker (MM) | MT4 Full License | Global Business | Suspicious Overrun | High potential risk | Offshore Regulated

https://pepperstone.com/en/

Website

Rating Index

Environment

Environment

AA

Average transaction speed (ms)

391.7 Good

MT4/5

Full License

Pepperstone-Edge01

United Kingdom
MT4
136

Influence

AA

Influence index NO.1

Hong Kong 7.87
The WikiFX Score of this broker is reduced because of too many complaints!

Environment

Speed:AA

Slippage:A

Cost:A

Disconnected:AA

Rollover:AA

MT4/5 Identification

MT4/5 Identification

Full License

136
Server Name
Pepperstone-Edge01 MT4
Server Location United Kingdom

Influence

Influence

AA

Influence index NO.1

Hong Kong 7.87
Surpassed 78.40% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+1 786 628 1209
support@pepperstone.com
https://pepperstone.com/en/
#1 Pineapple House, Old Fort Bay, Nassau, New Providence, The Bahamas
VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-04-30
  • The number of the complaints received by WikiFX have reached 128 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
4

Basic Information

Registered Region
Australia
Operating Period
10-15 years
Company Name
PEPPERSTONE GROUP LIMITED
Abbreviation
Pepperstone
Company employee
--
Customer Service Email Address
support@pepperstone.com
Contact Number
+17866281209
Company address
#1 Pineapple House, Old Fort Bay, Nassau, New Providence, The Bahamas

FX4064297762

Macao

The overnight fee is so expensive, it's three times more than my previous one!

Exposure

2024-12-11

Jose gaitan

Colombia

The spread space is eating away at your account, and I clarify that supposedly there is a 0 spread in my account, and in that way it jumps the stop losses, thus systematically eating away at your account. I was profitable until the moment I wanted to withdraw, and that's when my decline began because I exposed them. They wouldn't let me withdraw. My funds have been in USDT. You cannot withdraw less than 60 USDT, but you can deposit more than 40 USDT, in cryptocurrency, which seems like a convenient way to delay your withdrawals. Be ⚠️ careful with this broker.

Exposure

2024-10-30

Jose gaitan

Colombia

I have made several withdrawals in USDT, and I had no problems with this broker before. The funds used to arrive in my wallet within 2 hours, but this time I have been writing to support for several days and they are not responding. I need them to refund the money from a withdrawal, case: 05110643 has been escalated and they are not responding. I will change my rating until they refund the money.

Exposure

2024-10-16

Haerin Kim

South Korea

They said that it was a registered account and assured me, but when I actually created the account and tried to withdraw, they demanded a deposit for account release verification. After depositing 1 million won and verifying the account, they said that it was suspended elsewhere and asked for an additional 4 million won to unlock the account. They are contradicting their initial statement and trying to induce a deposit while refusing to allow withdrawals. Why do I have to prove my account verification by depositing money?

Exposure

2024-09-27

汇透资本

Hong Kong

The actual services do not match what is described on the official website; it's the same old story—ignoring issues and mishandling situations when they arise. Pepperstone's representative in Australia: Gordon Bruce Buchanan Pepperstone's representative in the UK: Mohammed Tayed Pepperstone's representative in Cyprus: Robert Alexander Edward Bowen Pepperstone's representative in Germany, Europe: Andrzej Tomczky, Panagiot Theodorou More efforts are needed to closely monitor all personnel in their company.

Exposure

2024-09-26

FX2262868949

Singapore

one account cannot log in try try also cannot

Exposure

2024-09-02

紅塵堆里學山居

Hong Kong

Multiple attempts to withdraw funds have been unsuccessful, and there are no other withdrawal methods available.

Exposure

2024-08-26

FX2749371751

Hong Kong

The slippage was too serious. I checked other platforms and there was no such thing. Expose.

Exposure

2024-08-19

ArKaniya Fx

Indonesia

On the 31st, I made a deposit through the website. When making the payment, the website redirected to a third party. After I transferred the money through the bank and it was successful, when I returned to the website, for some reason, the funding status in my history showed as failed. However, I received an email from the third party stating that the payment was successful. I waited, but the funds I deposited did not appear in my account. I complained through live chat and email. They said that no funds were received. I reported the transaction to my bank, and the bank confirmed that the transfer was successful and went to the intended recipient. I emailed the third party, but there was no response. I complained again to the broker, but I did not receive any answer as to where my money went. The broker should be responsible because they recommended depositing funds with the third party.

Exposure

2024-08-03

心悦

Hong Kong

Yesterday I took a long position of 0.2 lots on AUD/USD. I set the stop loss at 0.67379, but the slippage went down to 0.67254, which is the trade I circled in the screenshot. I hope to communicate with the platform for compensation.

Exposure

2024-07-17

冰岛帝王蟹

Hong Kong

Deposit was not credited, customer service ignores people. Please put it into the blacklist, don't let it scam people anymore.

Exposure

2024-07-17

FX2736053310

Hong Kong

Don't use Pepperstone, it's an unscrupulous platform! According to the candlestick at 1:00 pm on July 3, I would definitely take a profit-taking order, but it was stopped by a false transaction. This is 100USD. Unscrupulous platform! ! ! ! And this happened more than once, this is the second time. Otherwise, I would not have withdrawn all my funds on the same day and registered other platforms. I have screenshots. I tolerated it the first time. The second time, the order that was originally profitable ended up with a malicious loss, which affected me.

Exposure

2024-07-07

詐騙真的太無情可怕

Taiwan

I met someone on FB who was very proactive and resonated with me. He said that he was the deputy manager of Yuanta Securities in Hong Kong and a professional forex analyst. He added me as a Line friend at the beginning, and then started chatting with me every day, discussing the future, dreams, marriage, etc. At first I thought he was the person I wanted to spend time with in the future, but it turned out to be a scam. He would start by sharing his life to get me to let down my guard. Then he said that he had achieved financial independence, and trading foreign currencies with him was guaranteed to make a steady profit. He also said that his investment philosophy is to avoid risks first, and then to make money. He gave me a link to the app software. I didn’t think there was anything strange at the moment, so I just followed him. The app software I downloaded was TRJITFVBD to deposit into Pepperstone. And I invested 1 million dollars to buy it. I want to withdraw money now, but I was told that I have to pay personal income tax. Only then did I realize that I had been deceived, and I was really sad. The person who lied to me said that I can't help you when you encounter this kind of difficulty, otherwise you won't be able to grow. Later I told him that I really had no money, and he said he would never help me. The original ambiguous conversation gradually disappeared, and he stopped reading my messages... I was grateful for my sincerity, but in the end, I lost both my life and money, and my mood dropped to the bottom. I was very helpless. Please ask the platform to help me get the loan. Get the money back. Now I can't sleep well or eat well every day, and I almost have no courage to live...

Exposure

2024-06-04

青天共明月

Hong Kong

Withdrawals are no longer possible, and the platform website is not accessible. Withdrawal is delayed and rejected for various reasons.

Exposure

2024-03-29

Leo leoo

Verified

Taiwan

I have been using this platform for a long time, and it has never been profitable at all. My account has been negative since the beginning. The pictures below are of the money I lost. At first, I thought it was a problem with my trading, but until now, many strange things have happened. First, in the video below, I recorded that their price is very different from what I checked on the Internet. It is suspected that they are cutting leeks through point differences. Second, their swap fee is ridiculously expensive. I will show you a photo below. That transaction took less than 6 hours and I was charged a large amount of fees. Third, sometimes when I am watching the market, his fluctuations are so large and exaggerated that I feel like I am cutting leeks. The video I just mentioned cannot be posted here. Anyway, I chose to continue using this platform at the beginning just because I wanted to say that it paid me money (but it was all my remaining money, not profit), so I continued to use it. Unexpectedly, if you put in more money, you will lose more money. So I asked the platform to help me get my money back. There were too many strange things but I didn’t even have time to record them. One has just been exposed, but I have more to add. When I use this platform, there are many parts where the platform crashes directly. The market is running, but the screen is completely motionless, which leads to a lot of losses. But🤢people are so stupid that they thought it was my problem, so they didn’t take pictures or video of this thing. Next, there will be false market prices, which will cause me to make a lot of single-word orders or liquidate positions that I should not lose money on. The photos below are just the money I have lost with this trading account. I had another trading account with them before and lost a lot of money. I just want justice and to get the money from this account back. 23175.7. Please help the platform to help us seek justice. Let violators be punished.

Exposure

2024-03-22

Chriscrocks18

Mexico

On February 7, 2024, I requested a withdrawal with Pepperstone, which was for 4k USD and to date I have not received the withdrawal, they did it as an ARN refund, I have written to them many times and the only thing they comment on is that it I checked with the BBVA bank, it is already more than validated with the bank and the capital does not reach my account, I had never had problems with withdrawals with this broker until now and it was for a large amount, the issue is that I have requested withdrawals smaller ones which have arrived without problem, only that withdrawal which is larger, coincidentally it has not arrived to me.

Exposure

2024-03-15

Ariel2915

Bolivia

When I make a purchase, the line appears well above the price, in addition the stop loss closes the operation without the price touching it, also the take profit does not close even if the purchase line has already been exceeded.

Exposure

2024-02-26

FX1490292842

Hong Kong

The Pepperstone platform does not have negative balance protection and requires customers to deposit funds themselves to offset the negative balance in their accounts. Unheard of. After trading in the forex for so many years, this is the first time I have encountered this.

Exposure

2024-02-05

阿古朵

Hong Kong

I am a conservative investor. Everyone has their own investment style. My investment is mainly safe. What I do is to earn interest from light positions. The interest rate was correct in the first few days, but later it was incorrect or not paid. I looked at it. The interest and fee difference has not changed, but it won’t be paid to me. I asked customer service but they ignored me, so I can only remind everyone in this way.

Exposure

2023-11-22

佳佳1918

Taiwan

1. I opened a Pepperstone account in Taiwan on September 20 this year (as shown in screenshot 1). At first, they said there would be no problems with the withdrawal (as shown in screenshot 2). 2. The stored value account is from Pepperstone (as shown in screenshots 3 and 4) 3. On October 31, I wanted to withdraw money for the first time, but the system refused to allow it. I asked the manager why I couldn’t withdraw it. He said that it was because the partner applied for withdrawal restrictions at their headquarters and asked me to pay the service fee first. At first, both parties said that there would be no problem in withdrawing the funds, so I opened an account and the investment consulting company only paid the service fee after the withdrawals were made. Our customers have no idea what the agreement between them is. If they say they limit withdrawals, they will limit withdrawals. The customers have no idea at all, and there is no protection of their rights at all. I originally planned to withdraw part of the balance and then ask the company to calculate the service fee payable. As a result, both companies directly modified the original rule of withdrawing first and then paying the service fee without informing the customer in advance, leaving the customer completely unaware. Under certain circumstances, it is impossible to withdraw, and even the withdrawal is restricted to be completed at one time. (Such as screenshot 5 6 7 8 9 10 11 15) 4. My principal and profit are all in Pepperstone, and the total balance on the ledger is US$1,702,913.69. The company actually said that if I don’t withdraw it before November 15th, the system will erase my money. How can such a big company be? Treat customers this way? Are you protecting your customers? According to Pepperstone's account manager, doesn't Pepperstone have a British FCA license? Even investors outside the UK can get the same compensation protection as British residents? (Such as screenshot 12 13 14 16) 5. Request coordination and processing by Pepperstone to return the balance of US$1,702,913.69 in my account in order to pay the service fee of NT$9.64 million to the partner investment consulting company. 6. The number of uploaded images is limited, so only some screenshots can be uploaded. Thank you for your coordination.

Exposure

2023-11-12

154
Account
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Environment

Average transaction speed(ms)
391.7 Good
The highest transaction speed(ms)
31 Perfect
The highest speed of opening positions(ms)
31 Perfect
The highest speed of closing position(ms)
125 Great
The lowest speed of opening positions(ms)
1906
The lowest speed of closing position(ms)
1875
19.27USD/Lot
19.07USD/Lot Perfect
Long: -7.59USD/Lot    Short: 3.4USD/Lot Good
Long: -42.5USD/Lot    Short: 24.33USD/Lot Poor
Average slippage
0.2
Maximum transaction slippage
25
Maximum positive slippage
-1 Good
Maximum negative slippage
25
Average disconnection frequency (times/day)
0.1 Perfect
Average reconnection time (millisecond/per request)
20.9
Ranking: 38 / 125
Test user 721
Orders 5,930
Ocuppied margin $4,425,888 USD
Data Source
WikiFX Data provide
Updated: 2025-04-29 01:00:00

Total Margin Trend

VPS Region User Products Closing time
London 994*** AUDJPY 04-30 11:38:59
Bangkok 117*** AUDJPY 04-30 09:08:32
Shanghai 244*** XAUUSD 04-30 12:19:05

Stop Out

0.70%

Stop Out Symbol Distribution

6 months

Sources
Language
Mkt. Analysis
Creatives

Website

Most visited countries/areas

  • South Africa
  • Singapore
  • Oman
  • pepstone.org

    Server Location

    Hong Kong

    Website Domain Name

    pepstone.org

    Server IP

    47.57.141.88

  • pepper-zone.org

  • pepperzone-cn.com

Relevant Enterprises

Company Summary

Quick Pepperstone Review Summary
Founded2010
HeadquartersMelbourne, Australia
RegulationASIC, CySEC, FCA, DFSA, SCB (Offshore)
Market InstrumentsForex, shares, ETFs, indices, commodities, currency indices, cryptocurrencies, CFD forwards
Demo Account(30 days, $50,000 virtual funds)
Account TypeRazor, Standard, Swap-free, Pro
Min Deposit$0
LeverageUp to 1:200 (Retail)/1:500 (Professional)
EUR/USD SpreadAverage 1.1 pips (Standard account)
Trading PlatformsTradingView, MT4/5, Pepperstone platform, cTrader
Copy/Social Trading
Payment MethodsApple Pay, Google Pay, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Skrill, Union Pay, and USDT
Customer Support24/7
Tel: +1786 628 1209
Email: support@pepperstone.com, marketing@pepperstone.com

Pepperstone Information

Pepperstone is a Forex and CFD broker founded in 2010 in Melbourne, Australia. The company has quickly grown to become one of the largest Forex and CFD brokers in the world with over 150,000 clients across the globe. Pepperstone is regulated by top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), etc. It offers a wide range of trading instruments including forex, commodities, indices, currency indices, cryptocurrencies, shares, and ETFs.

Pepperstone's homepage

Pros & Cons

ProsCons
• Regulated by reputable financial authorities including ASIC, CySEC, FCA, DFSA, SCB (Offshore)High minimum deposit for swap-free accounts
• Multiple account options and funding methodsNo clear info on deposits and withdrawals
• Low spreads and commissions, particularly for active traders
• Advanced trading platforms including MT4, MT5, cTrader, and TradingView
• Negative balance protection

Is Pepperstone Legit?

Pepperstone, a reputable and respected online broker, has five regulated entities, operating under a strong regulatory framework globally.

Regulated CountryRegulated byCurrent StatusRegulated EntityLicense TypeLicense Number
Australia
ASICRegulatedPEPPERSTONE GROUP LIMITEDMarket Making (MM)000414530
Cyprus
CySECRegulatedPepperstone EU LimitedMarket Making (MM)388/20
UK
FCARegulatedPepperstone LimitedStraight Through Processing (STP)684312
UAE
DFSARegulatedPepperstone Financial Services (DIFC) LimitedRetail Forex LicenseF004356
Bahamas
SCBOffshore RegulatedPepperstone Markets LimitedRetail Forex LicenseSIA-F217

PEPPERSTONE GROUP LIMITED, its entity in Australia, is regulated by ASIC under license no. 414530.

Regulated by ASIC

Pepperstone EU Limited, its entity in Cyprus, regulated by CYSEC under license no. 388/20.

Regulated by CySEC

Pepperstone Limited, this broker's anothe entity in the UK, is regulate by the FCA under license no. 684312.

Regulated by FCA

Pepperstone Financial Services (DIFC) Limited, its entity in the United Arab Emirates, operates under the DFSA regulation, with license no. F004356.

Regulated by DFSA

Pepperstone Markets Limited, its global entity, is regulated by SCB offshore, with license no. SIA-F217.

Offshore regulated by SCB

How are you protected?

Pepperstone has implemented a number of measures to ensure the safety and protection of its clients' funds and personal information.

More details can be found in the table below:

Client Protection MeasuresDetail
RegulationASIC, CySEC, FCA, DFSA, SCB (Offshore)
Segregated AccountsEnsuring that client funds are protected in the event of company insolvency
Negative Balance ProtectionClients can not lose more than their account balance
Two-Factor AuthenticationProviding an additional layer of security to protect against unauthorized access to their trading accounts
Encryption TechnologyTo protect client information and transactions from potential threats such as hacking or fraud
Investor Compensation SchemeProvide protection to clients in the event of financial loss or misconduct by the broker

Our Conclusion on Pepperstone Reliability:

Overall, Pepperstone uses advanced security measures to protect its clients' personal and financial information. The broker's commitment to transparency, and customer satisfaction makes it a trustworthy choice for traders.

Market Instruments

Pepperstone offers various trading instruments across multiple asset classes, including:

Forex: Major, minor and exotic currency pairs, including USD/EUR, AUD/USD, EUR/GBP, and more.

Stocks: Trading of popular global stocks including Apple, Amazon, Google, etc.

Indices: CFDs on global indices, including S&P 500, FTSE 100, Nikkei 225, and more.

Commodities: CFDs on gold, silver, oil, and other popular commodities.

Cryptocurrencies: Trading of popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, etc.

Asset ClassSupported
Forex
Commodities
Indices
Currency indices
Cryptocurrencies
Shares
ETFs
Bonds
Options
Market Instruments

Accounts/Fees

Pepperstone offers two types of CFD trading accounts, including Razor and Standard accounts.

RazorStandard
Best forExperienced tradersBeginners
Minimum Deposit0
Account CurrenciesUSD, EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD, HKD
Trading PlatformMT4/5, cTrader, TradingView, Pepperstone platformMT4/5, cTrader, Pepperstone platform
Maximum Leverage (Retail)1:200
Maximum Leverage (Professional)1:500
Market ExecutionNo dealing desk (NDD)
Minimum Trading Size0.01 lots
Maximum Trading Size100 lots
SpreadRaw (from 0 pips)Raw + 1 pip increase
Commission (FX Only)From 3 USD per lot per side
Stop Out (Retail)50%
Stop Out (Professional)20%
Scalping
Expert Advisors (EAs)
Hedging
News Trading

Pepperstone also offer demo accounts, especially for traders to practice their trading skills and strategies. MetaTrader 4 and 5 demo accounts expire automatically after 30 days unless you have a live funded account and ask Pepperstone to set it to non-expiry for you. However, a non-expiry demo account can still be archived if its non-active after 90 days.

It provides traders with virtual funds to trade with and access to real-time market data, allowing them to simulate trading conditions without risking real money. It is a useful tool for beginners to get familiar with the trading platform and for experienced traders to test new strategies or instruments.

Sawp-free and Pro accounts are also available.

Leverage

Regarding European traders and those whose accounts are registered with Pepperstone UK, the European ESMA law has recently reduced the maximum permitted leverage for security reasons.

On Forex instruments, the maximum leverage allowed for retail clients is 1:30. However, leverage levels are contingent upon the entity's laws, such as international offerings. Pepperstone continues to offer leverage of 1:500 for professional clients on each asset.

Nonetheless, ensure you have a thorough understanding of leverage and how to utilize it intelligently, as an increase in your trading size can have a major impact on your potential earnings or losses.

Leverage

Trading Platforms

Pepperstone supports a variety of trading platforms, in addition to its proprietary Pepperstone App, it also offers popular TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader. These platforms are known for their advanced charting tools, technical analysis capabilities, and automated trading capabilities.

Pepperstone has mobile apps for MT4, MT5 and cTrader and is compatible with Android and iOS devices. Besides, traders at Pepperstone can trade on the official website without downloading any software.

Trading Platform

Deposits & Withdrawals

Pepperstone offers various deposit and withdrawal methods for its clients, including: UnionPay, Alipay, Visa, MasterCard, bank transfers, Neteller, Skrill, and U-Payment, USDT (Tether), Google Pay, and Apple Pay.

withdrawals

Pepperstone does not charge any deposit or withdrawal fees. But most International TTs are approximately $20.

Withdrawal forms received after 21:00 (GMT) will be processed the following day. If these are received before 07:00 (AEST) they will be processed on the same day. Withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach your account.

Pepperstone minimum deposit vs other brokers

PepperstoneMost Other
Minimum Deposit$0$/€/£100

Frequently Asked Questions (FAQs)

Is Pepperstone regulated?

Yes. Pepperstone is regulated by ASIC, CySEC, FCA, DFSA, and SCB (Offshore).

Does Pepperstone offer demo accounts?

Yes.

Does Pepperstone offer industry-standard MT4 & MT5?

Yes. Both MT4 and MT5 are available. Pepperstone also supports cTrader, TradingView, and its proprietary Pepperstone App.

What is the minimum deposit for Pepperstone?

There is no minimum deposit requirement.

Is Pepperstone a good broker for beginners?

Yes. Pepperstone is a good choice for beginners because it is regulated well and offers a wide variety of trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Keywords

  • 10-15 years
  • Regulated in Australia
  • Regulated in Cyprus
  • Regulated in United Kingdom
  • Regulated in United Arab Emirates
  • Regulated in Bahamas
  • Regulated in Germany
  • Market Maker (MM)
  • Straight Through Processing (STP)
  • Retail Forex License
  • Common Financial Service License
  • MT4 Full License
  • MT5 Full License
  • cTrader
  • Global Business
  • Suspicious Overrun
  • High potential risk
  • Offshore Regulated

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consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
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