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Costs, platforms and protection first

Pepperstone

Australia · Pepperstone Group Limited

Costs
Razor FX/gold: from USD3.50/lot/side. Standard FX: no separate commission.
Platforms
MT4, MT5, cTrader, TradingView and Pepperstone platform.
Client protection
January 2026 TMD: retail negative balance protection.
Sources and applicability

Australian entity disclosures; check account/product applicability.

Costs

Costs table: Standard EUR/USD minimum 1 pip. The account overview’s 0.1 is not pair-specific. Holding costs are separate.

Costs and fees — account types / EURUSD table ↗ · 2026-09-29
PlatformsCFD Account Overview — trading platform row ↗ · 2026-09-29
Client protection

Client qualification applies. Check Pro terms separately.

TMD v6 January 2026 — pages 2–3 ↗ · 2026-09-29

Terms for the named entities. Minimum spreads are not total costs or a cheapest-first ranking.

Pepperstone

  • Active coverage
Brand overview and official site

Pepperstone operates through 7 legal entities recorded in the current FXVeritas research file across Australia, United Kingdom, Cyprus, The Bahamas, Dubai International Financial Centre, United Arab Emirates, and Kenya.

Check your entityCompare with other brokers
Visit official website
Official website snapshot
An official website snapshot is not on file for this broker.

Official website snapshot

Official-source discrepancies

Official pages disagree. FXVeritas does not pick a winner. This is not a fraud or safety label.

Official-source discrepancy

AU negative-balance-protection scope

Source A: AU PDS: we will provide Negative Balance Protection limiting maximum losses to account equity.

Source B: Regulated-offices page: Negative Balance Protection: Yes, for retail clients.

Status: conflicting official sources · Last checked: Aug 23, 2026

Official-source discrepancy

AU PDS date stamp

Source A: Opened PDS header: Date updated November 2022

Source B: Same file also prints Date Updated November 2021

Status: conflicting official sources · Last checked: Aug 23, 2026

Research gaps

Unknowns are part of the public record. They are not filled from other brokers.

  • FCA Register firm page for Pepperstone Limited FRN 684312 was isolated 2026-09-19 as Authorised since 05/08/2015. UK segregation, retail NBP, and FSCS wording remain from the UK Terms PDF.
  • ASIC current AFS extract 202609 lists Pepperstone Group Limited AFSL 414530. ASIC ConnectOnline live UI was not opened.
  • DFSA public register for Pepperstone Financial Services (DIFC) Limited F004356 was isolated 2026-09-19 as Arranging Deals in Investments. SCB, UAE CMA, and Kenya CMA public registers were not opened.
  • Pepperstone GmbH is named in website terms only and is not treated as a full licensed entity here.

Recorded answers

Short answers from the full FXVeritas research file for Pepperstone. They describe recorded evidence, not safety or suitability.

What the sources show →

Is Pepperstone regulated?

FXVeritas records 7 legal entities in the research file for Pepperstone. 4 of 7 research-file licences are regulator-verified. Regulatory protection can differ by the entity serving the client.

Which legal entities are recorded for Pepperstone?

The current FXVeritas file records 7 legal entities. A brand name is not a licence.

  • Pepperstone Group Limited
  • Pepperstone Limited
  • Pepperstone EU Limited
  • Pepperstone Markets Limited
  • Pepperstone Financial Services (DIFC) Limited
  • Pepperstone Financial Services LLC
  • Pepperstone Markets Kenya Limited

View legal entities

Which regulators are recorded?

The current file records 7 regulator codes: ASIC, FCA, CySEC, Securities Commission of The Bahamas, DFSA, UAE Capital Markets Authority, Capital Markets Authority (Kenya).

How many research-file licences are verified?

FXVeritas has independently verified 4 of 7 research-file licences.

View licence evidence

What client-protection evidence is recorded?

Client-protection evidence is recorded as verified for the legal entities in this file. That is evidence coverage, not a guarantee that every client is protected.

View client protection evidence

What remains unresolved?

3 licence items remain unresolved, and 2 official-source discrepancies are recorded. These are research-file states, not confirmed misconduct.

View unresolved items

Incidents and regulatory actions

Historical record only. A past settlement or withdrawn licence is not the current licence status.

No dated incident or regulatory action was isolated.

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Regulation

View ASIC licence evidence hub

Execution

Recorded execution model and policies from this file

Methodology

How FXVeritas records and verifies evidence

Before you apply

Application-condition research. Approval and account opening are not guaranteed.

Australia · Pepperstone Group LimitedEntity documents reviewed

Retail PDS/TMD and professional conditions separated.

The Australian entity provides terms, retail product and target-market disclosures and identity-check guidance. Professional conditions are listed separately.

Razor FX/gold: from USD3.50/lot/side. Standard FX: no separate commission.

Costs table: Standard EUR/USD minimum 1 pip. The account overview’s 0.1 is not pair-specific. Holding costs are separate.

Read official source ↗ · 2026-09-29

MT4, MT5, cTrader, TradingView and Pepperstone platform.

Read official source ↗ · 2026-09-29

January 2026 TMD: retail negative balance protection.

Client qualification applies. Check Pro terms separately.

Read official source ↗ · 2026-09-29

Your next check: Check the contracting entity and current terms when applying. Identity checks and approval still apply.

Read official source ↗

Pepperstone AU — Legal documents · Source checked:

United Kingdom · Pepperstone LimitedEntity documents reviewed

UK entity terms, costs and identity-check documents published.

UK CFD and spread-betting agreements and cost disclosures are listed separately. The page says the entity and applicable regulation are identified during application.

The UK page describes segregated funds and possible FSCS cover up to £85,000 for eligible clients. This is not compensation for trading losses.

Read official source ↗ · 2026-09-29

Your next check: Check the contracting entity and current terms when applying. Identity checks and approval still apply.

Read official source ↗

Pepperstone GB — Legal documents · Source checked:

What the sources show

Each finding shows its own check date and applies only to the named entity and source; the group file remains incomplete.

Client-protection evidence ·

Pepperstone Group Limited

Pepperstone's entity table states segregated client money and retail negative balance protection for Pepperstone Group Limited. It lists no compensation scheme. Professional-client terms differ.

Sources and scope
Regulator records →

Client-protection evidence ·

Pepperstone Limited

The UK entity table records segregation, retail negative balance protection and FSCS cover up to £85,000 for eligible investors. FSCS separately requires an eligible claimant and regulated activity; investment losses are not insured.

Sources and scope
Regulator records →

Entity and residence scope ·

Pepperstone Financial Services (DIFC) Limited

The DIFC disclosure says client money is held by related entity Pepperstone Group Limited in a segregated account. This identifies a custody relationship, not automatic eligibility for every UAE resident.

Sources and scope
Regulator records →
Source comparison log →

Research changes

These are saved research additions, not dates when a regulator changed a licence. Previous source-check and import records remain in the audit archive.

  1. · Research record updated

    Pepperstone · Entity-specific protection and DIFC custody evidence added

    Primary source ↗Open research file →
View full research history →