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Pepperstone

Australia Australia
Forex & CFDs · since 2010
FCAASICCySECDFSAwhat are these? →
5.0
/ 5 ★
RegulationFCA, ASIC, CySEC, DFSA
Min. deposit$0
Leverage1:1 – 1:500
PlatformsMT4, MT5, cTrader, TradingView
InstrumentsForex & CFDs
Founded2010
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at Pepperstone.
How is this decided and how do I verify it? →

Regulation by region

The entity you sign with — and your protection — changes depending on where you live.

United Kingdom
Regulated by the FCA
Pepperstone Ltd (FRN 684312) — FSCS up to £85,000
European Union
Regulated in the EU (CySEC)
Pepperstone EU Ltd (Cyprus, 388/20) — ICF up to €20,000
United States
Doesn't open US accounts
Pepperstone doesn't accept US clients
Australia
Regulated by ASIC
Pepperstone Group Ltd (AFSL 414530) — no compensation scheme
Rest of the world
OFFSHORE entity
Pepperstone Markets Ltd (Bahamas, SCB SIA-F217) — no compensation scheme

All licenses

Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).

United KingdomFCARegulatedSTPFRN 684312
AustraliaASICRegulatedSTPAFSL 414530
CyprusCySECRegulatedSTP388/20
GermanyBaFinRegulatedSTP
UAE (Dubai)DFSARegulatedSTP
KenyaCMARegulatedSTP128
BahamasSCBOffshoreSTPSIA-F217

Account types

Standardno commission, ~1 pip markup built into the spread
Razornear-zero spreads (interbank) + per-trade commission

Pros

✓Top-tier regulation
✓Smooth withdrawals
✓Funds with compensation scheme
✓Transparent operation
✓Good reputation
✓Competitive costs

Cons

✗Very high leverage (more risk)

Breakdown by axis

The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.

Regulation: Top tier22/22 pts
Why: FCA+ASIC+CySEC+BaFin (4 tier-1)
Withdrawals / payments: Clean20/20 pts
Why: same day, no fees, no systemic delays (commodity.com/invezz)
Fund safety: Full (with compensation)15/15 pts
Why: segregated + negative-balance protection (retail UK/EU/AU/ME)
Transparency: Clear10/10 pts
Why: clear conditions, bans high-risk EAs (QQ)
Reputation: Strong10/10 pts
Why: among the most regulated in retail, no major sanctions
Costs: Competitive8/8 pts
Why: competitive raw spreads

Sources

Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.

🔗 Pepperstone's regulated offices (all entities)🔗 FAQ: is it regulated? (Bahamas SIA-F217)🔗 Legal documents / client agreements

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