Pepperstone

Melbourne, Australia · since 2010

FCA ASIC CySEC BaFin DFSA SCB

A multi-regulated ECN broker with MT4/MT5/cTrader/TradingView and very tight spreads on the Razor account.

EDITORIAL SCORE

4.5

Deposit from: no minimum

Platforms: MT4, MT5, cTrader, TradingView

＋ Strengths

Regulated by FCA/ASIC/CySEC plus several others
All the key platforms: MT4, MT5, cTrader, TradingView
No minimum deposit, tight raw spreads

— Limitations

Retail clients outside the EU/UK/AU are served through an offshore Bahamas entity
No Bank of Russia license

How the score breaks down

Functionality · weight 35% 4.7

Platforms: MT4, MT5, cTrader, TradingView. Forex (90+ pairs), stocks (1100+), indices, commodities, crypto, ETFs — 1350+

Transparency · weight 25% 4.3

Regulation: FCA (UK, 684312), ASIC (Australia, AFSL 414530), CySEC (Cyprus, 388/20), BaFin (Germany), DFSA (UAE), SCB (Bahamas, SIA-F217). Fund segregation is stated; terms depend on the jurisdiction. Retail outside the EU/UK/AU is served through the Bahamas entity (SCB).

Entry barrier · weight 25% 4.3

Min. deposit: no minimum. Account types: Standard, Razor.

Cost of ownership · weight 15% 4.5

Razor: from 0.0 pips + ~$3.5/lot per side; Standard: spread ~1.0–1.2 with no commission. Razor: ~$3.5 per lot per side ($7 round-turn); Standard — no commission

Verifiable facts

Each value links to its primary source.

Headquarters Melbourne, Australia

Founded 2010

Regulators & licenses FCA (UK, 684312), ASIC (Australia, AFSL 414530), CySEC (Cyprus, 388/20), BaFin (Germany), DFSA (UAE), SCB (Bahamas, SIA-F217) pepperstone.com ↗

Min. deposit no minimum pepperstone.com ↗

Platforms MT4, MT5, cTrader, TradingView

Account types Standard, Razor

EUR/USD spread Razor: from 0.0 pips + ~$3.5/lot per side; Standard: spread ~1.0–1.2 with no commission pepperstone.com ↗

Commission Razor: ~$3.5 per lot per side ($7 round-turn); Standard — no commission pepperstone.com ↗

Instruments Forex (90+ pairs), stocks (1100+), indices, commodities, crypto, ETFs — 1350+ pepperstone.com ↗

Fund segregation & protection Fund segregation is stated; terms depend on the jurisdiction. Retail outside the EU/UK/AU is served through the Bahamas entity (SCB). pepperstone.com ↗

⚠️ Terms may change — verify on the broker's website. Regulation may be offshore and may not cover clients from every country. Trading carries a risk of capital loss. Not investment advice.

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