73% of retail investor accounts lose money when trading CFDs with this provider
- Experts commend Pepperstone Forex Trading for its competitive pricing and tight forex spreads, highlighting its strong execution quality and multiple trading platforms including MT4 and cTrader. However, they note the absence of forex futures or options as a limitation, while rating the overall service highly at 4.5/5.
- Across 110 user reviews on Good Money Guide, averaging 4.7/5, customers frequently praise the platform's reliability, fast execution, and excellent customer service. Many users appreciate the transparent pricing and low spreads, while some express concerns about the recent ban on hedging, indicating a need for updates on trading policies.
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 Forex Trading across five key areas of our review framework.
- Pricing5.0
- Market Access4.0
- App & Platform4.0
- Customer Service4.5
- Research & Analysis5.0
Pros
- Good MT4 forex indicator package
- Automated forex trading
- Tight forex spreads
Cons
- No forex futures or options
- Limited forex pairs
See full expert review
Our verdict
Pepperstone has four forex trading platforms, MT4/MT5, cTrader and TradingView and is generally one of the cheapest brokers for forex trading. Forex trading is cheap with Pepperstone because they focus on FX as a core market rather than offering lots of stocks and less popular assets.
73% of retail investor accounts lose money when trading CFDs with this provider
Summary
Yes, Pepperstone are able to offer some of the tightest forex spreads and commissions for major FX pairs. You can also trade minor and exotic FX crosses as a spread bet or trade CFD. Although no currency futures or options. Liquidity, pricing, and execution time on Pepperstone’s platform are good, given its access to multiple Tier 1 banks.
Pepperstone’s USP, when compared to other forex brokers, is their MT4 offering for traders who want to automate their forex trading strategies. Pepperstone has done partnerships with FX Blue which measures currency strength and also has a free (for clients) package of MT4 indicators which can be used to set up and simulate, then go live with trading algorithms based on technical indicators and price action.
Pepperstone's Forex Trading Platform
For forex traders, who want manual execution, the cTrader forex trading platform offers good functionality where you can trade directly from the charts, as well as drag and drop stops and limits.
You can also trade forex via TradingView and if you are in the UK, Pepperstone is one of the view firms that lets you trade on TradingView as spread bets.
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
Professional
They have really great pricing and customer service. Very happy with them!
Trustworthy
Pepperstone offers the most competitive spreads on spread betting. The level of customer service they provide is top-tier.
Incredible
Their spreads are mind-blowingly low. Lowest Gold spreads I can find even during volatile periods.
Trustworthy
Spread-betting, along with great account management from their account management teams
slick
customer service/experience and compliance
Trustworthy
Tight spreads, reliable, good customer service.
Pepperstone is banning hedging
I think you'll have to update your Pepperstone overview soon because since 09.11.2024 it is banning hedging completely on MT4 spreadbet platform and will operate OCO odrers only.
My first broker
My first broker, very helpful, post youtube videos about the market and zoom calls. What more could you want from a broker
Excellent broker
Tight spreads, fast withdrawals and good customer service. Overall, they’re a great broker, on top of that they are regulated by top tier regulators.
Plenty of help and advice
I have started using Pepperstone for spread trading and their offers of training material, webinars and advice is second to none. I have learnt much in only a few weeks, and profit daily from the attention Pepperstone have given.
my friend broker
Very satisfied.
Excellent service.
TOP
Top of the pips
A simple to use cost effective platform, very competitive fees, supported by a raft of commentators offering daily observations, technical and fundamental market analysis.
The experienced networking Pepperstone team provide enjoyable and informative webinars. You’ll love their honest analysis.
Excellent
Pepperstone is very easy to use and their educational content is brilliant
All in all, very good broker. Low commissions. Sometimes late execution, but it is hard to find something better elsewhere
All in all, very good broker. It is highly regulated, good customer support and convinient experience during trading on MT5. Could improve affiliate programs and introduce mobile trading platform for all types of accounts.
Extensive
Extensive
Good
Good
This is the best platform...
This is the best platform I have ever seen in the trading industry. Their customer support are amazing and sincere with their support and services.
100% satisfied
100% satisfied
Very good, no requotes
Very good, no requotes
Does what it says on...
Does what it says on the tin
Yes, Pepperstone is a good forex broker, as this is one of their core products and they really focus on trying to compete on tight pricing, especially on MT4/MT5.
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.