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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

Accounts and trading conditions

Advertised figures only. Observed spreads were not measured. Marketing ECN/STP is not treated as the legal model.

  • AU PDS states ASIC retail leverage caps and NBP. PDS file header shows both November 2022 and November 2021 dates — stale.
  • Account comparison page did not yield a usable tariff table in this pass.
  • Observed prices not measured.

No account-type table was isolated.

  • Pepperstone Trading Platform
  • TradingView
  • MetaTrader 4
  • MetaTrader 5
  • cTrader

Execution and conflicts

Legal documents first. Advertised ECN, STP, or NDD is not certified unless a legal policy confirms it.

Advertised model
Not captured as ECN/STP from opened pages. Do not infer.
Legal model
AU PDS: Pepperstone acts as principal; residual long/short inventory can exist; hedging counterparties policy is listed on the AU legal page. CySEC register: dealing on own account. Bahamas 2021 T&Cs: Markets Limited is the issuer.
Principal or agent
AU PDS: principal. CySEC: dealing on own account. Other entities unknown.
Venues
Not recorded
Liquidity-provider disclosure
AU legal page lists a Hedging Counterparties Policy; the policy file was not opened.

Recorded policies

slippage

AU PDS execution-risk section: order fills at next best price / fair market value if liquidity is exhausted.

requotes

unknown

last_look

unknown

stop_loss

unknown as a guarantee

negative_pricing

AU PDS NBP limits losses to equity.

abnormal_markets

AU PDS: operational disruption can delay execution.

scalping

unknown from opened legal extracts

hedging

AU legal page lists Hedging Counterparties Policy.

EA

unknown

arbitrage

unknown

Funding and withdrawal

Only methods and rules isolated on opened official pages.

Methods
EU legal page lists a Payment Providers PDF; not opened
  • Entity-specific. Not extracted from opened indexes.

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 →