- Good Money Guide experts rate Pepperstone highly for its competitive pricing and extensive platform options, noting that it caters well to active traders with tight spreads and a variety of trading tools. The introduction of perpetual CFDs, which can be traded 24/7 without a fixed expiry, is highlighted as a significant innovation, although the range of these products is still limited compared to traditional CFDs.
- Across 110 user reviews on Good Money Guide, averaging 4.7/5, customers frequently commend Pepperstone for its reliable execution, competitive spreads, and excellent customer service. Many users appreciate the variety of trading platforms available, including MT4, MT5, and TradingView, while some express concerns about recent changes to hedging policies. Overall, the trading experience is described as user-friendly and efficient, with strong support from account managers.
Pepperstone CFD Trading Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Pepperstone CFD Trading across five key areas of our review framework.
- Pricing4.5
- Market Access3.5
- Online Platform4.0
- Customer Service4.0
- Research & Analysis4.0
Pros
- Excellent choice of MT4, MT5, cTrader and TradingView
- Competitive spreads for active CFD traders
- Good support for automated trading strategies
- More than 1,100 global share CFDs
- 24-hour trading on selected US shares
- Perpetual CFDs can be traded 24/7
- Perpetual CFDs have no fixed expiry date
- Weekly perpetual CFD funding rates are known in advance
Cons
- No DMA CFDs
- Share CFDs charge commission
- Overnight funding can increase the cost of longer-term CFD positions
- Perpetual CFDs are proprietary OTC products rather than exchange-traded contracts
- Perpetual CFD range is still relatively small
See full expert review
Our verdict
Pepperstone is a good choice for active CFD traders looking for competitive pricing and a wide choice of trading platforms. You can trade through TradingView, MT4, MT5, cTrader or Pepperstone's own platform and app. Markets include forex, shares, indices, commodities and ETFs, alongside Pepperstone's newer range of perpetual CFDs, which can be traded 24/7 and have no fixed expiry date.
73% of retail investor accounts lose money when trading CFDs with this provider
Is Pepperstone a good CFD broker?
Overall, Pepperstone offers one of the better CFD trading packages for active traders, particularly those who want tight spreads, access to MT4/MT5, TradingView and cTrader, and the ability to run automated trading strategies.
When testing Pepperstone, I found its main proposition to be a combination of competitive pricing and platform choice. Its Standard account includes the trading fee within the spread on forex, commodities and indices, while the Razor account provides raw spreads alongside commission-based pricing.
MT4 and MT5 are particularly good for traders running automated strategies and Pepperstone provides additional indicators and trading tools. cTrader offers a more traditional trading experience with strong charting and order management, while TradingView is a good option for traders who want to combine its charts and community features with Pepperstone execution.
Pepperstone has also expanded its own web trading platform and mobile app, so you are no longer reliant on third-party trading software.
What CFDs can you trade with Pepperstone?
Pepperstone's CFD range has expanded considerably and now includes more than 90 currency pairs, 1,100 global share CFDs, 20+ major stock indices, 40+ commodities and 90+ ETF CFDs.
You can trade major markets including the UK 100, S&P 500, Nasdaq, gold and crude oil, alongside UK, US and international shares. Pepperstone also offers 24-hour trading on selected US share CFDs.
One of the most interesting recent additions is Pepperstone's range of perpetual CFDs.
Pepperstone Perpetual CFDs
Perpetual CFDs are similar to conventional CFDs in that they allow you to speculate on rising or falling prices without owning the underlying asset. However, rather than having an expiry date or referencing a futures contract that periodically needs to roll, Pepperstone's perpetual CFDs have no fixed expiry.
They can also be traded 24/7, making them particularly interesting for traders who want to react to news and market movements outside normal exchange opening hours.
Pepperstone currently offers perpetual CFDs on markets including the NASDAQ 100, S&P 500, WTI and Brent crude oil and gold, as well as individual stocks and private-market themes including SpaceX. The range also includes major technology stocks such as Nvidia, Tesla, Google and MicroStrategy.
Rather than the conventional overnight financing calculation used by standard CFDs, Pepperstone sets the funding rate for its perpetual CFDs weekly in advance and applies it daily. This gives you greater visibility over what it will cost to keep a position open.
Perpetual CFDs are available through the same Pepperstone account and can be traded through TradingView, MT5, cTrader and Pepperstone's own platform, so there is no need to open a separate account or use a crypto wallet.
The main drawback is that these are proprietary OTC products created and managed by Pepperstone rather than exchange-traded futures. The perpetual CFD range is also much smaller than Pepperstone's overall CFD market list.
Pepperstone CFD pricing
Pepperstone offers two main CFD account types.
The Standard account charges no separate commission on forex, commodity and index CFDs, with Pepperstone's fee incorporated into the spread. Share CFDs are commission-based, with UK share CFD commissions starting from 0.1% per side.
The Razor account is aimed more at active traders and offers raw spreads from 0.0 pips on forex CFDs, with commission charged separately.
Standard CFDs held overnight can incur swap or rollover charges. Perpetual CFDs work differently, with a funding rate set weekly in advance and applied once per day.
Customer reviews for Pepperstone
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 110 reviews
- Excellent83%
- Very good7%
- Basic8%
- Poor2%
- Bad0%
Read customer reviews
Reliable
Pepperstone stands out for its execution quality, competitive pricing, and overall trading experience. The platforms are fast and reliable, with tight spreads and minimal latency, which is essential for active traders.
They also provide strong customer support and a wide range of tools, including integrations like TradingView and copy trading, making it easy for both new and experienced traders to operate efficiently.
What I appreciate most is their transparency and consistency—everything from account setup to withdrawals is smooth, and the overall service feels trustworthy and well-structured.
Transparent pricing and trustworthy broker
Transparent pricing and a trustworthy broker are at the core of Pepperstone’s offering. Clients benefit from clear, competitive spreads with no hidden fees, ensuring full visibility over trading costs. As a globally regulated broker, Pepperstone prioritizes client fund security, strict compliance standards, and reliable trade execution. With a strong reputation built on integrity, advanced technology, and responsive customer support, Pepperstone provides traders with a secure and dependable trading environment.
Good value
Great spreads and good platform offering.
Excellent
Competitive pricing, good market information, good reporting
Trustable
I really enjoy the support and attention I get from the client managers. The platform is also relatively easy to use and they have very competitive leverages and spreads.
Transparent
The trading experience is great and the client managers really know what they are talking about. They were great with helping me to get set up and to start trading.
Economical
Tight spreads
Exceptional
Easy to use and navigate platform no residual currency accumulations
Brilliant
Everything about trading, the platform itself, customer support and education and training are top notch.
Reliable
Provides Multiple trading platform thay supports algo trading!. Easy and clear to use web app for managing the account
best
good customer service
EXCELLENT ALL OVER
They are Extremely Excellent
BUT
Pepperstone should be given more time to close its client's account So that they can easily close their positions
Fast
Fast execution and low spreads, fast payments , regulated by FCA
Trustworthy
Great customer service and support. Great people to work with.
Reliable
Supports traders by reliability
very well
no delays with order execution
Excellent
Communicates
Reliability
Reliable
Trustworthy
Quick withrawals, good spread.
Reliable
Fast execution, tight spreads, support/account manager are always helpful if needed
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.