73% of retail investor accounts lose money
- Experts highlight Pepperstone MT4 as a leading platform for trading, particularly noting its extensive range of pre-installed indicators and tools for algorithmic trading. The platform is well-rated for pricing and market access, although it may be complex for beginners. Overall, it received a total rating of 4.1/5.
- Across 110 user reviews on Good Money Guide, averaging 4.7/5, customers frequently commend the platform's execution quality, competitive pricing, and reliability. Many users appreciate the transparency in pricing and the supportive customer service, while some mention concerns about recent changes to hedging policies. Overall, the trading experience is described as efficient and user-friendly, with a strong emphasis on low spreads and fast execution.
Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.- Pricing4.5
- Market Access4.5
- Online Platform4.0
- Customer Service4.0
- Research & Analysis3.5
Pros
- Good range of indicators
- Dedicated to MT4 & MT5
- Lots of international shares
- Spread betting
Cons
- Can be too complicated for beginners
See full expert review
Our verdict
With Pepperstone’s MT4 account you get 85 pre-installed indicators and 28 additional Smart Trader Tools where you can build and run your EAs using MetaQuotes Language 4 (MQL4) and identify statistically significant market movements with Autochartist.
75.6% of retail investor accounts lose money when trading CFDs with this provider.
Does Pepperstone use MT4?
Yes, MT4 is one of Pepperstone's primary trading platforms. However, they are building their own trading in-house and also offer cTrader and MT5.
Pepperstone won "Best MT4 Broker" in the 2025 Good Money Guide Awards.
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
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.