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
5/5
5/5
Pros:
The amount of ways I can trade with them!
Cons:
Incorporate account management into the platforms (deposits, withdrawals)
5/5
Pros:
getting new options (trading view) and constant improvements
5/5
Pros:
Great all round service and quality of pricing
Cons:
Nothing - everything is great
5/5
Pros:
Exceptional customer service!
4/5
Frank @ 03/30/2021 03:08
I am a year with Pepperstone now. Best execution I have seen so far.
Stephanie @ 03/30/2021 03:09
It's rare to come across a broker who puts their clients first and Pepperstone excels at this. Wouldn't trade anywhere else!
Stephanie @ 03/30/2021 03:11
It's rare to find a broker that truly puts their clients first and Pepperstone excels at this. Wouldn't trade anywhere else!
Luke Suddards @ 03/22/2021 10:41
Fantastic customer service - friendly and very responsive. A wide variety of products to trade and a trustworthy broker. Very happy.
Chris @ 03/18/2021 10:28
Have been with Pepperstone for 4 years. HavenÔÇÖt had any issues. Solid platform
5/5
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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.