Pepperstone
Award-winning ECN forex broker with razor-thin spreads from 0.0 pips, fast execution, and MT4/MT5/cTrader support.
Quick Facts
- Starting Price
- Free
- Free Tier
- Yes
- Founded
- 2010
- Company
- Pepperstone Group Ltd.
Pepperstone Overview
Pepperstone is an Australian-founded forex and CFD broker that has become one of the most popular choices for active forex traders worldwide. The broker is known for its ultra-tight spreads, fast execution, and support for multiple trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and TradingView.
The Razor account offers raw spreads from 0.0 pips (averaging 0.10 pips on EUR/USD) with a commission of $3.50 per side per lot ($7 round turn). The Standard account bundles the commission into a slightly wider spread starting from 1.0 pips. Both accounts have no minimum deposit requirement.
Pepperstone supports over 1,200 instruments including forex, indices, commodities, shares, ETFs, and crypto. The broker is regulated by ASIC, FCA, CySEC, and other major regulators, providing strong client fund protection. Their fast execution speeds and deep liquidity make them a preferred choice for scalpers and algorithmic traders.
Pepperstone Pricing
Standard
- ✓ No minimum deposit
- ✓ 1.0 pip EUR/USD spread
- ✓ No commissions
- ✓ MT4/MT5/cTrader
- ✓ 1,200+ instruments
Razor
- ✓ No minimum deposit
- ✓ 0.0 pip raw spreads
- ✓ $3.50/side/lot commission
- ✓ Fastest execution
- ✓ Institutional liquidity
Features
Pros & Cons
Pros
- + Ultra-tight raw spreads from 0.0 pips
- + Fast execution speeds ideal for scalpers
- + Supports MT4, MT5, cTrader, and TradingView
- + Multi-regulated with strong client protection
Cons
- - CFD trading only, no physical shares
- - Not available to US residents
- - Research and education not as deep as larger brokers
Rating Breakdown
Overall Rating
Key Takeaways
- ✓ Ultra-tight raw spreads from 0.0 pips
- ✓ Fast execution speeds ideal for scalpers
- ✓ Supports MT4, MT5, cTrader, and TradingView
- ✓ Multi-regulated with strong client protection
- ★ Rated 4.5/5 — best for forex scalpers, algorithmic traders, active forex traders
- $ Free tier available
Summary
Award-winning ECN forex broker with razor-thin spreads from 0.0 pips, fast execution, and MT4/MT5/cTrader support. Pepperstone offers a free tier. Best suited for forex scalpers, algorithmic traders, and active forex traders.
Pepperstone Guides
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