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Pepperstone – Forex Broker Review 2022

About Pepperstone

Pepperstone was founded in 2010. They are an international broker with offices in Limassol, Düsseldorf, London, Melbourne, Dubai and Nairobi. As a regulated company, Pepperstone offers an outstanding online trading experience and a safe trading environment. They have won many forex awards and earned the trust of over 300,000 traders. They also process an average of US$12.55bn of trades every day, making them one of the largest forex brokers in the world.

When it comes to trading conditions, Pepperstone has a much better offering than many of their competitors. They provide access to trade over 1000+ trading instruments including forex, shares, indices, metals, commodities, and cryptocurrencies. They offer a great choice of account options. You can choose from 2 different account types – both of which come with tight spreads and fast trade execution. You can also choose from three trading platforms – MetaTrader4, MetaTrader5, and cTrader.

In addition to its excellent trading environment, Pepperstone also offers world-class online trading support. They offer a great selection of tools including trading calculators, premium trading tools, and VPS services. They also offer free educational resources such as articles, eBooks, and webinars. And for those with questions, Pepperstone also provides great customer service and multilingual support.

Key Values


Pepperstone is the trading name for multiple business entities. While this setup might seem a bit complicated, it ensures that all their traders worldwide benefit from a high level of regulatory oversight and the best client protection.

As a group, Pepperstone hold licences from some of the strictest regulatory bodies in the world. For example, it is regulated by the Australian Securities and Investment Commission (ASIC), the UK Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CYSEC). Here is the full breakdown of their companies, licences, and registrations:

  • ASIC – Pepperstone Pty Ltd has licence number 414530 from the regulator in Australia.
  • FCA – Pepperstone Ltd has licence number 684312 from the regulator in the UK.
  • SCB – Pepperstone Markets Limited has license number SIA-F217 from the Bahamas.
  • CySEC – Pepperstone EU Limited has licence number 388/20 from the regulator in Cyprus.
  • DFSA – Pepperstone is regulated under license number F004356 in Dubai.
  • CMA – Pepperstone has the licence number 128 from the regulator in Kenya.
  • BaFin – Pepperstone has a licence under registration number 151148 in Germany.

Forex traders in Nigeria can trade under the Pepperstone Markets Limited. This is the Bahamas subsidiary of Pepperstone, which has a licence from the Securities Commission of The Bahamas (SCB). This entity offers a great level of client fund protection and account security. It also offers great trading conditions and a safe trading environment.

Trading Instruments

Pepperstone offers 1000+ trading instruments. These include currency pairs, metals, shares, commodities, cryptocurrencies, and a wide range of major indices.

  • Forex: Pepperstone give you 60+ currency pairs to choose from including major, minor, and exotic currency pairs. You can trade all the top instruments such as EUR/USD and GBP/USD.
  • Shares: Pepperstone offers trading on 900+ share CFDs. You can choose from a wide range of shares across the American, European, and Asian markets.
  • Commodities: They give you 20+ commodities to choose from including popular instruments such as gold, silver, platinum, petroleum, natural gas, coffee, cocoa and orange juice.
  • Indices: They give you access to 20+ indices. You can trade all of the most popular instruments across the American, European, and Asian markets.
  • Cryptocurrencies: Pepperstone offers trading on 9 cryptocurrency CFDs. You can trade Bitcoin, Bitcoin Cash, and Litecoin. You can also trade Ethereum, Ripple, and Polkadot.

Trading Platforms 

Pepperstone has Metatrader 4, Metatrader 5, and cTrader. All of the platforms are available on desktop, tablets, and mobile. This gives you the freedom to choose between the three most popular trading platforms on the market. It also gives you the freedom to trade whenever and wherever you want.


MetaTrader4 (MT4) is one of the best trading platforms for new forex traders. It has a user-friendly design and comes with helpful online trading tools. You can use it platform to trade all of the top CFD trading instruments including forex, shares, and indices. The Pepperstone MT4 platform also comes with advanced charting tools, 4 order execution types, 30 technical indicators and 23 analytical objects. You can use these tools to master your technical analysis and implement better trading strategies.


MetaTrader5 (MT5) is also another great choice for beginner traders in Nigeria. It has a simple design and an easy-to-use interface. As with MetaTrader4, you can use it to access and trade all your favourite trading instruments. The Pepperstone MT5 platform also has a wide selection of trading tools including 6 order execution types, 38 indicators, and 37 analytical objects. As such, it has better functionality and enables you to make more sophisticated trades.


cTrader is a popular and powerful trading platform. It comes with a clean, modern interface that is easy to navigate. As with MT4 and MT5, you can get access to a wide range of CFD trading instruments including forex, metals, and stocks. The Pepperstone cTrader platform also comes with 6 order types, 55 technical indicators, an economic calendar, and market sentiment tools. As such, it a great trading platform that you can easily use to carry out your analysis and manage your trades.


Account Types

Pepperstone has two main account types – the Razor Account and the Standard Account. Both of their accounts offer the same instruments, leverage, trading volumes, and deposit currencies.



Minimum Deposit

Max. Leverage



From 1.1 pips






From 1.0 pips





All Accounts

Their accounts come with great trading conditions. They have a minimum 0.01 lots trading size and a maximum 100 lots trading size. There is a maximum leverage of 1:30. The base currencies are GBP, USD, EUR, CHF. You can use scalping and hedging trading strategies. You can also use EAs.

Standard Account

The Standard account is most suitable for new traders in Nigeria. It comes with an average spread of 1.5 pips and there are no commissions. It includes all of their online learning resources and trading tools. The Pepperstone minimum deposit for this account is only $15.

Razor Account

The Razor account is most suitable for Scalpers and algorithmic traders. It comes institutional grade spreads – including an average spread of 0.0-0.3 pips on certain instruments. It is important to know that it also comes with commission. The minimum deposit for this account is $15.

Deposits & Withdrawals

Their main deposit and withdrawal methods are Visa, Mastercard, and bank transfer.
The minimum deposit at Pepperstone is $200.

Fund Safety

Pepperstone prides itself on its high level of client fund security. The company therefore keeps its client funds in segregated accounts with tier one banking providers. This ensures that your money is always being stored with a regulated, reputable financial services provider. Moreover, it also keeps client funds in segregated accounts separate from its own funds. This ensures that Pepperstone cannot use your money for operational purposes.


Commission is only charged on CFD Razor accounts when trading Forex and on CFD Equities. The commission varies based on the instrument traded and the platform used.

Trading Tools

Pepperstone offers a Smart Traders Tools package. It includes a suite of expert advisors that help you enhance your trading strategy. They also help you manage your risk and improve your overall trading experience. It also offers a wide range of trading tools for more advanced traders including API trading and VPS services.



Pepperstone goes the extra mile when it comes to online education. They offer a wide range of online articles and forex trading guides. These resources help you to improve your knowledge of the forex market and to start creating more in-depth trading plans. They also you access to a large number of online webinars. These webinars cover many key topics such including market analysis and risk management techniques. They are also available on-demand. This means that if you can’t attend the live webinar, you can still continue your online training at a later time.

Not found what you’re looking for? One of the great things about Pepperstone is that they provide custom learning materials on request. Simply contact their Support Team and let them know what you need help with.

Extra Trading Services

Pepperstone has partnered with social trading platforms. Their main partner, MetaTrader signals, lets you access trading signals from successful traders in real-time. This type of social trading also helps you diversify your trading strategy. It also helps you to reduce your portfolio risk and save time on your market research

Forex Awards

If you’re looking for a great service, it can help to know if the forex broker you want to trade with has even won any industry awards. Pepperstone is an award-winning company and one of the best options for forex traders in Nigeria. It has received many awards in recognitions of its excellent online trading services. Here are some of their most recent awards:

  • Best Forex Broker 2021 (Daytrading.com)
  • The Best Tailored Professional Trading Conditions 2019/2020 (Professional Trader)
  • Best Trading Performance Tools 2020 (Professional Trader)
  • The Best Global Forex ECN Broker Award 2019 (Global Forex Awards)
  • Best Forex Trading Support – Europe 2019 (Global Forex Awards).


In order to open an account, you need to send Pepperstone a primary form proof of ID. This could be a copy of your passport or driving license. You also need to give them a secondary form of ID. This could be a utility bill, a bank statement, or a government issued tax document. Alternatively, it could also be a birth certificate, or a citizen certificate.

Pepperstone Customer Support

The Pepperstone customer support team offers excellent customer service. You can contact them via live chat, email, or phone. You can also reach them online by filling in the contact form on the website.


Pepperstone is a world-class broker with excellent trading conditions. Its high quality education and trading support make it a great option for new traders. Its advanced trading technology and copy trading services means that it is a great option for experienced traders as well. Pepperstone gives you everything you need to create and implement successful trading strategies. It also ensures a safe trading environment and a seamless trading experience.

Ready to start trading? Register for an online trading account with Pepperstone here.