Pepperstone is an Australian forex and CFD broker founded in 2010 in Melbourne. The group operates internationally through subsidiaries in the UK, Germany, Cyprus, Kenya, the Bahamas and the UAE, offering more than 1,350 CFD instruments across forex, indices, commodities, shares, ETFs and cryptocurrencies.
Regulation
The group holds licences across eight regulators: ASIC, FCA, CySEC, BaFin, CMA Kenya, SCB Bahamas, DFSA and SCA. Clients from Mexico are served by Pepperstone Markets Limited under licence SCB Bahamas SIA-F217, with client money held in segregated bank accounts and negative balance protection for retail clients. Mexico has no dedicated retail-CFD regulator: CNBV oversees banks and securities markets but does not cover retail CFDs, and CONDUSEF only handles complaints against entities licensed in Mexico. The Bahamas entity has no investor compensation scheme, so escalation for a Mexican client runs through the broker's internal procedure and then the Securities Commission of The Bahamas.
Platforms and instruments
MetaTrader 4, MetaTrader 5, cTrader, TradingView and the proprietary Pepperstone platform are available. The broker lists more than 1,350 CFD instruments across forex, indices, commodities, shares, ETFs and cryptocurrencies. Pepperstone Copy Trading lets clients follow and copy other traders.
Account types
- Standard: no commission, EUR/USD from 1.0 pip, with a 1 pip markup built into the spread
- Razor: raw spreads from 0.0 pips, commission on MT4 and MT5 of $3.50 per lot per side ($7 round turn) on a USD account, $6 round turn on cTrader and $7 round turn on TradingView
- Managed Account: managed by a third party on the client's behalf
On the Bahamas entity leverage reaches 1:200 for retail clients and up to 1:1000 for professional clients. The minimum deposit is $10. A swap-free option is offered to clients in a defined list of countries, which does not include Mexico.
Payments for clients from Mexico
- Visa, Mastercard: deposit and withdrawal
- PayPal: deposit and withdrawal
- Bank transfer: deposit and withdrawal
- Apple Pay, Google Pay: deposit and withdrawal
- Neteller, Skrill: deposit and withdrawal
- USDT: deposit and withdrawal
Accounts can be opened in USD, EUR and other major currencies; there is no Mexican peso (MXN) account. The minimum deposit is $10 by card or e-wallet, with no minimum for bank transfer. Pepperstone charges no fees on deposits or withdrawals, although an international bank wire carries a correspondent-bank fee of about $20 and third-party card or bank fees may apply. Card and e-wallet payments process quickly while bank transfers take 3-5 business days. Withdrawals follow a return-to-source policy and can only be sent to an account in the client's own name. The full set of methods and limits appears in the client area after opening a live account.
Localisation and support
The website is available in Spanish alongside several other languages. Support is provided by email at [email protected] and live chat; the published phone line is an Australian number (+61 3 9020 0155), and there is no dedicated Mexican line.
Additional programs
The Active Trader program returns a rebate from $1 to $3 per forex lot and reduces spreads by 10% to 30% on indices and commodities, scaled by monthly trading volume. Pepperstone Copy Trading is available for following other traders.
Public sources
TradingView: 4.6 out of 5 across 34,500 reviews. Trustpilot: 4.3 out of 5 across 3,434 reviews (June 2026). In November 2023 ASIC named Pepperstone among CFD providers that had allowed some retail clients to exceed the leverage limits of its 2020 product intervention order after a technical error; Pepperstone self-reported the issue and ran a remediation program for the affected clients. In May 2020 the Brazilian regulator CVM ordered Pepperstone to stop offering services to residents of Brazil without local authorisation.
