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Score
Australia
Regulated in Australia
Market Maker (MM)
MT4 Full License
Global Business
Suspicious Overrun
High potential risk
Offshore Regulated
Benchmark
Influence
Add brokers
Comparison
Quantity 145
Exposure
Score
Regulatory Index9.04
Business Index8.29
Risk Management Index0.00
Software Index9.98
License Index8.78
Single Core
1G
40G
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Company Name
PEPPERSTONE GROUP LIMITED
Company Abbreviation
Pepperstone
Platform registered country and region
Australia
Company website
X
Company summary
Pyramid scheme complaint
Expose
one account cannot log in try try also cannot
Deposit was not credited, customer service ignores people. Please put it into the blacklist, don't let it scam people anymore.
The actual services do not match what is described on the official website; it's the same old story—ignoring issues and mishandling situations when they arise. Pepperstone's representative in Australia: Gordon Bruce Buchanan Pepperstone's representative in the UK: Mohammed Tayed Pepperstone's representative in Cyprus: Robert Alexander Edward Bowen Pepperstone's representative in Germany, Europe: Andrzej Tomczky, Panagiot Theodorou More efforts are needed to closely monitor all personnel in their company.
On February 7, 2024, I requested a withdrawal with Pepperstone, which was for 4k USD and to date I have not received the withdrawal, they did it as an ARN refund, I have written to them many times and the only thing they comment on is that it I checked with the BBVA bank, it is already more than validated with the bank and the capital does not reach my account, I had never had problems with withdrawals with this broker until now and it was for a large amount, the issue is that I have requested withdrawals smaller ones which have arrived without problem, only that withdrawal which is larger, coincidentally it has not arrived to me.
The overnight fee is so expensive, it's three times more than my previous one!
Withdrawals are no longer possible, and the platform website is not accessible. Withdrawal is delayed and rejected for various reasons.
They said that it was a registered account and assured me, but when I actually created the account and tried to withdraw, they demanded a deposit for account release verification. After depositing 1 million won and verifying the account, they said that it was suspended elsewhere and asked for an additional 4 million won to unlock the account. They are contradicting their initial statement and trying to induce a deposit while refusing to allow withdrawals. Why do I have to prove my account verification by depositing money?
On the 31st, I made a deposit through the website. When making the payment, the website redirected to a third party. After I transferred the money through the bank and it was successful, when I returned to the website, for some reason, the funding status in my history showed as failed. However, I received an email from the third party stating that the payment was successful. I waited, but the funds I deposited did not appear in my account. I complained through live chat and email. They said that no funds were received. I reported the transaction to my bank, and the bank confirmed that the transfer was successful and went to the intended recipient. I emailed the third party, but there was no response. I complained again to the broker, but I did not receive any answer as to where my money went. The broker should be responsible because they recommended depositing funds with the third party.
The slippage was too serious. I checked other platforms and there was no such thing. Expose.
Yesterday I took a long position of 0.2 lots on AUD/USD. I set the stop loss at 0.67379, but the slippage went down to 0.67254, which is the trade I circled in the screenshot. I hope to communicate with the platform for compensation.
Don't use Pepperstone, it's an unscrupulous platform! According to the candlestick at 1:00 pm on July 3, I would definitely take a profit-taking order, but it was stopped by a false transaction. This is 100USD. Unscrupulous platform! ! ! ! And this happened more than once, this is the second time. Otherwise, I would not have withdrawn all my funds on the same day and registered other platforms. I have screenshots. I tolerated it the first time. The second time, the order that was originally profitable ended up with a malicious loss, which affected me.
I met someone on FB who was very proactive and resonated with me. He said that he was the deputy manager of Yuanta Securities in Hong Kong and a professional forex analyst. He added me as a Line friend at the beginning, and then started chatting with me every day, discussing the future, dreams, marriage, etc. At first I thought he was the person I wanted to spend time with in the future, but it turned out to be a scam. He would start by sharing his life to get me to let down my guard. Then he said that he had achieved financial independence, and trading foreign currencies with him was guaranteed to make a steady profit. He also said that his investment philosophy is to avoid risks first, and then to make money. He gave me a link to the app software. I didn’t think there was anything strange at the moment, so I just followed him. The app software I downloaded was TRJITFVBD to deposit into Pepperstone. And I invested 1 million dollars to buy it. I want to withdraw money now, but I was told that I have to pay personal income tax. Only then did I realize that I had been deceived, and I was really sad. The person who lied to me said that I can't help you when you encounter this kind of difficulty, otherwise you won't be able to grow. Later I told him that I really had no money, and he said he would never help me. The original ambiguous conversation gradually disappeared, and he stopped reading my messages... I was grateful for my sincerity, but in the end, I lost both my life and money, and my mood dropped to the bottom. I was very helpless. Please ask the platform to help me get the loan. Get the money back. Now I can't sleep well or eat well every day, and I almost have no courage to live...
Multiple attempts to withdraw funds have been unsuccessful, and there are no other withdrawal methods available.
I have made several withdrawals in USDT, and I had no problems with this broker before. The funds used to arrive in my wallet within 2 hours, but this time I have been writing to support for several days and they are not responding. I need them to refund the money from a withdrawal, case: 05110643 has been escalated and they are not responding. I will change my rating until they refund the money.
The spread space is eating away at your account, and I clarify that supposedly there is a 0 spread in my account, and in that way it jumps the stop losses, thus systematically eating away at your account. I was profitable until the moment I wanted to withdraw, and that's when my decline began because I exposed them. They wouldn't let me withdraw. My funds have been in USDT. You cannot withdraw less than 60 USDT, but you can deposit more than 40 USDT, in cryptocurrency, which seems like a convenient way to delay your withdrawals. Be ⚠️ careful with this broker.
I have been using this platform for a long time, and it has never been profitable at all. My account has been negative since the beginning. The pictures below are of the money I lost. At first, I thought it was a problem with my trading, but until now, many strange things have happened. First, in the video below, I recorded that their price is very different from what I checked on the Internet. It is suspected that they are cutting leeks through point differences. Second, their swap fee is ridiculously expensive. I will show you a photo below. That transaction took less than 6 hours and I was charged a large amount of fees. Third, sometimes when I am watching the market, his fluctuations are so large and exaggerated that I feel like I am cutting leeks. The video I just mentioned cannot be posted here. Anyway, I chose to continue using this platform at the beginning just because I wanted to say that it paid me money (but it was all my remaining money, not profit), so I continued to use it. Unexpectedly, if you put in more money, you will lose more money. So I asked the platform to help me get my money back. There were too many strange things but I didn’t even have time to record them. One has just been exposed, but I have more to add. When I use this platform, there are many parts where the platform crashes directly. The market is running, but the screen is completely motionless, which leads to a lot of losses. But🤢people are so stupid that they thought it was my problem, so they didn’t take pictures or video of this thing. Next, there will be false market prices, which will cause me to make a lot of single-word orders or liquidate positions that I should not lose money on. The photos below are just the money I have lost with this trading account. I had another trading account with them before and lost a lot of money. I just want justice and to get the money from this account back. 23175.7. Please help the platform to help us seek justice. Let violators be punished.
Quick Pepperstone Review Summary | |
Founded | 2010 |
Headquarters | Melbourne, Australia |
Regulation | ASIC, CySEC, FCA, DFSA, SCB (Offshore) |
Market Instruments | Forex, shares, ETFs, indices, commodities, currency indices, cryptocurrencies, CFD forwards |
Demo Account | ✅(30 days, $50,000 virtual funds) |
Account Type | Razor, Standard, Swap-free, Pro |
Min Deposit | $0 |
Leverage | Up to 1:200 (Retail)/1:500 (Professional) |
EUR/USD Spread | Average 1.1 pips (Standard account) |
Trading Platforms | TradingView, MT4/5, Pepperstone platform, cTrader |
Copy/Social Trading | ✅ |
Payment Methods | Apple Pay, Google Pay, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Skrill, Union Pay, and USDT |
Customer Support | 24/7 |
Tel: +1786 628 1209 | |
Email: support@pepperstone.com, marketing@pepperstone.com |
Pepperstone is a Forex and CFD broker founded in 2010 in Melbourne, Australia. The company has quickly grown to become one of the largest Forex and CFD brokers in the world with over 150,000 clients across the globe. Pepperstone is regulated by top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), etc. It offers a wide range of trading instruments including forex, commodities, indices, currency indices, cryptocurrencies, shares, and ETFs.
Pros | Cons |
• Regulated by reputable financial authorities including ASIC, CySEC, FCA, DFSA, SCB (Offshore) | • High minimum deposit for swap-free accounts |
• Multiple account options and funding methods | • No clear info on deposits and withdrawals |
• Low spreads and commissions, particularly for active traders | |
• Advanced trading platforms including MT4, MT5, cTrader, and TradingView | |
• Negative balance protection |
Pepperstone, a reputable and respected online broker, has five regulated entities, operating under a strong regulatory framework globally.
Regulated Country | Regulated by | Current Status | Regulated Entity | License Type | License Number |
![]() | ASIC | Regulated | PEPPERSTONE GROUP LIMITED | Market Making (MM) | 000414530 |
![]() | CySEC | Regulated | Pepperstone EU Limited | Market Making (MM) | 388/20 |
![]() | FCA | Regulated | Pepperstone Limited | Straight Through Processing (STP) | 684312 |
![]() | DFSA | Regulated | Pepperstone Financial Services (DIFC) Limited | Retail Forex License | F004356 |
![]() | SCB | Offshore Regulated | Pepperstone Markets Limited | Retail Forex License | SIA-F217 |
PEPPERSTONE GROUP LIMITED, its entity in Australia, is regulated by ASIC under license no. 414530.
Pepperstone EU Limited, its entity in Cyprus, regulated by CYSEC under license no. 388/20.
Pepperstone Limited, this broker's anothe entity in the UK, is regulate by the FCA under license no. 684312.
Pepperstone Financial Services (DIFC) Limited, its entity in the United Arab Emirates, operates under the DFSA regulation, with license no. F004356.
Pepperstone Markets Limited, its global entity, is regulated by SCB offshore, with license no. SIA-F217.
How are you protected?
Pepperstone has implemented a number of measures to ensure the safety and protection of its clients' funds and personal information.
More details can be found in the table below:
Client Protection Measures | Detail |
Regulation | ASIC, CySEC, FCA, DFSA, SCB (Offshore) |
Segregated Accounts | Ensuring that client funds are protected in the event of company insolvency |
Negative Balance Protection | Clients can not lose more than their account balance |
Two-Factor Authentication | Providing an additional layer of security to protect against unauthorized access to their trading accounts |
Encryption Technology | To protect client information and transactions from potential threats such as hacking or fraud |
Investor Compensation Scheme | Provide protection to clients in the event of financial loss or misconduct by the broker |
Our Conclusion on Pepperstone Reliability:
Overall, Pepperstone uses advanced security measures to protect its clients' personal and financial information. The broker's commitment to transparency, and customer satisfaction makes it a trustworthy choice for traders.
Pepperstone offers various trading instruments across multiple asset classes, including:
Forex: Major, minor and exotic currency pairs, including USD/EUR, AUD/USD, EUR/GBP, and more.
Stocks: Trading of popular global stocks including Apple, Amazon, Google, etc.
Indices: CFDs on global indices, including S&P 500, FTSE 100, Nikkei 225, and more.
Commodities: CFDs on gold, silver, oil, and other popular commodities.
Cryptocurrencies: Trading of popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, etc.
Asset Class | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Currency indices | ✔ |
Cryptocurrencies | ✔ |
Shares | ✔ |
ETFs | ✔ |
Bonds | ❌ |
Options | ❌ |
Pepperstone offers two types of CFD trading accounts, including Razor and Standard accounts.
Razor | Standard | |
Best for | Experienced traders | Beginners |
Minimum Deposit | 0 | |
Account Currencies | USD, EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD, HKD | |
Trading Platform | MT4/5, cTrader, TradingView, Pepperstone platform | MT4/5, cTrader, Pepperstone platform |
Maximum Leverage (Retail) | 1:200 | |
Maximum Leverage (Professional) | 1:500 | |
Market Execution | No dealing desk (NDD) | |
Minimum Trading Size | 0.01 lots | |
Maximum Trading Size | 100 lots | |
Spread | Raw (from 0 pips) | Raw + 1 pip increase |
Commission (FX Only) | From 3 USD per lot per side | ❌ |
Stop Out (Retail) | 50% | |
Stop Out (Professional) | 20% | |
Scalping | ✅ | ✅ |
Expert Advisors (EAs) | ✅ | ✅ |
Hedging | ✅ | ✅ |
News Trading | ✅ | ✅ |
Pepperstone also offer demo accounts, especially for traders to practice their trading skills and strategies. MetaTrader 4 and 5 demo accounts expire automatically after 30 days unless you have a live funded account and ask Pepperstone to set it to non-expiry for you. However, a non-expiry demo account can still be archived if its non-active after 90 days.
It provides traders with virtual funds to trade with and access to real-time market data, allowing them to simulate trading conditions without risking real money. It is a useful tool for beginners to get familiar with the trading platform and for experienced traders to test new strategies or instruments.
Sawp-free and Pro accounts are also available.
Regarding European traders and those whose accounts are registered with Pepperstone UK, the European ESMA law has recently reduced the maximum permitted leverage for security reasons.
On Forex instruments, the maximum leverage allowed for retail clients is 1:30. However, leverage levels are contingent upon the entity's laws, such as international offerings. Pepperstone continues to offer leverage of 1:500 for professional clients on each asset.
Nonetheless, ensure you have a thorough understanding of leverage and how to utilize it intelligently, as an increase in your trading size can have a major impact on your potential earnings or losses.
Pepperstone supports a variety of trading platforms, in addition to its proprietary Pepperstone App, it also offers popular TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader. These platforms are known for their advanced charting tools, technical analysis capabilities, and automated trading capabilities.
Pepperstone has mobile apps for MT4, MT5 and cTrader and is compatible with Android and iOS devices. Besides, traders at Pepperstone can trade on the official website without downloading any software.
Pepperstone offers various deposit and withdrawal methods for its clients, including: UnionPay, Alipay, Visa, MasterCard, bank transfers, Neteller, Skrill, and U-Payment, USDT (Tether), Google Pay, and Apple Pay.
Pepperstone does not charge any deposit or withdrawal fees. But most International TTs are approximately $20.
Withdrawal forms received after 21:00 (GMT) will be processed the following day. If these are received before 07:00 (AEST) they will be processed on the same day. Withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach your account.
Pepperstone minimum deposit vs other brokers
Pepperstone | Most Other | |
Minimum Deposit | $0 | $/€/£100 |
Is Pepperstone regulated?
Yes. Pepperstone is regulated by ASIC, CySEC, FCA, DFSA, and SCB (Offshore).
Does Pepperstone offer demo accounts?
Yes.
Does Pepperstone offer industry-standard MT4 & MT5?
Yes. Both MT4 and MT5 are available. Pepperstone also supports cTrader, TradingView, and its proprietary Pepperstone App.
What is the minimum deposit for Pepperstone?
There is no minimum deposit requirement.
Is Pepperstone a good broker for beginners?
Yes. Pepperstone is a good choice for beginners because it is regulated well and offers a wide variety of trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Choosing one broker can be hard when both brokers are well reputed and authorized. At that moment , The best way to decide is by comparing them. That‘s why we’ve put together a quick and clear comparison of Pepperstone and Octa in this article. Checkout the article and decide . It wont take long.
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