Pepperstone
Award-winning Australian broker for tight spreads
4.7Forex BrokersMin $0
Pepperstone is an ASIC- and FCA-regulated broker focused on low-cost CFD and forex trading. Known for fast execution, Razor (raw) account spreads, and broad asset coverage including indices, commodities, crypto CFDs and stock CFDs.
Pros
- Razor account spreads from 0.0 pips with $3.50/lot/side commission
- FCA, ASIC, CySEC, BaFin, DFSA, CMA regulation
- TradingView, MT4, MT5 and cTrader supported
- Negative balance protection for retail clients
Cons
- No US clients accepted
- No bond CFDs or proprietary platform
Fees
Razor account: raw spread + $3.50 commission per side per lot. Standard account: spread-only (from 1.0 pip EUR/USD). No deposit fees; bank-transfer withdrawals may incur intermediary bank charges.
Regulation
FCA (UK, 684312), ASIC (Australia, 414530), CySEC (Cyprus, 388/20), BaFin (Germany), DFSA (Dubai), CMA (Kenya), SCB (Bahamas).
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