ForexPepperstone review 2026: fees, platforms and regulation
Pepperstone is an Australian broker founded in Melbourne in 2010. It offers a commission-free Standard account and a Razor account with raw spreads and a commission, on its own platform plus MT4, MT5, cTrader and TradingView.
We may earn a commission if you open an account through this link. It never affects our scores. Affiliate disclosure. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Key facts
Fees and spreads
Razor accounts pass on raw spreads and charge a commission; Standard accounts build the cost into a wider spread. Pepperstone does not publish one USD commission figure for every platform, so check the pricing page for MT4 and MT5.
Platforms
You can trade on Pepperstone's own platform, MetaTrader 4, MetaTrader 5, cTrader or TradingView. TradingView is available on the Razor account only. Platform choice can affect commission, so confirm pricing for the platform you plan to use. See MT4 vs MT5.
Regulation and legal entities
Pepperstone also names regulators in Dubai (DFSA), Kenya (CMA) and Germany (BaFin). Which company holds your account depends on where you live, and protections differ between them.
Things to check
Who it may suit
Traders who want raw pricing and a choice of platforms, including cTrader and TradingView, and who can open an account with a tier-one regulated entity.
Read how we score brokers, check the legal entity you would join, and compare terms side by side on our compare page.
Sources
- Pepperstone trading accounts
- Pepperstone pairs and spreads
- Pepperstone pricing
- Is Pepperstone licensed and regulated?
- Pepperstone: who we are
- Pepperstone swap-free account
Compare Pepperstone head to head:Pepperstone vs IC Markets, Pepperstone vs IG and Pepperstone vs Eightcap. Trading from Australia? See our ASIC broker shortlist.