Pepperstone Review 2025: How to Open an Account & Withdraw Money?

First, let's take a quick look at Pepperstone's key points via the table below:

	Pepperstone at a Glance
Founded	2010
Registered	Melbourne, Australia
Regulation	ASIC (Australia), CySEC (Cyprus), FCA (UK), DFSA (UAE), Offshore SCB (Bahamas)
Security Measures	Account segregation, negative balance protection, two-step authentication, and investor protection schemes
Trading Instruments	Forex, shares, ETFs, indices, commodities, currency indices, cryptocurrencies, CFD forwards
Demo Account	✅
Account Minimum	$0
Maximum Leverage	1:500
EUR/USD Spread	Average 1.1 pips (Standard account)
Trading Platform	TradingView, MT4/5, Pepperstone platform, cTrader
Deposit & Withdrawal Fee	❌

Pepperstone Account Types

Pepperstone offers various account types, risk-free demo accounts, two types of CFD trading accounts, swap-free accounts and Pro accounts for the experienced.

You can choose any account type based on your needs. If you want to change your account type, you can email support@pepperstone.com or message on Live Chat, and Pepperstone will change the trading account type for you.

Demo Account

Pepperstone offers free demo accounts on MT4/5, cTrader and TradingView platforms.

• MetaTrader 4 and 5 demo accounts expire automatically after 30 days unless you have a live funded account and ask Pepperstone to set it to non-expiry for you. However, a non-expiry demo account can still be archived if its non-active after 90 days.
• cTrader demo accounts will not expire if they are logged into at least once every 30 days.
• If you have a live account with Pepperstone, you can have up to 10 demo accounts.
• If you dont have a live account, you can have up to 5 demo accounts -2 for MT4 (1 standard & 1 razor account) and one each for MT5, cTrader, and TradingView.

Before opening an additional demo account, you have to wait for a demo account to expire.

Note that trades on demo accounts may be rejected if you have insufficient funds to open them, but they will not be rejected due to size or price. Trades on demo accounts will not be closed due to insufficient funds to cover margin and running losses.

CFD Trading Accounts

Pepperstone offers two CFD trading accounts, Razor and Standard. It does not charge any account-keeping or inactivity fees.

If you are a beginner, the Standard account is your better choice. Though you cannot enjoy raw spread trading like the Razor account, you do not need to pay for any commissions.

The Razor account is suitable for experienced traders, with raw spreads from 0.0 pips but have to pay a commission of 3 USD per lot per side.

Besides, the available trading platform for these account types is different. You can open both the Razor and Standard account on the MT4/5, cTrader, and Pepperstone platforms, while can only open the Razor account on the TradingView platform. So, if you want to trade on TradingView, the Razor account is your only choice.

Swap-free Account

Pepperstone Swap-free account is designed for traders who cant receive or pay swaps. The trading account is interest-free while allowing traders to take advantage of our cutting-edge trading technology and deep liquidity.

Compared with the two types of CFD trading accounts with no minimum deposit, the Pepperstone Swap-free account requires at least AUD$200 or equivalent. The accepted account currencies are only limited to AUD, EUR, GBP, and USD.

When a trade on the Swap-free account has been held for 5 days, an admin charge (per standard lot size, e.g. 100 USD for forex and precious metals) will be deducted from the account's balance.

Pro Account

Pepperstone also offers a Pro account for professional clients. But not every trader can open this account type. You need to self-certify:

• Your experience in trading leveraged trading (financial derivative or OTC) products
• Your cash deposits and trading portfolio exceed USD$500,000
• Your professional experience working in the financial services sector

If you can meet two of the following three criteria, then you can open a Pepperstone Pro account.

Pepperstone Pro account features are as follows:

• Youll be able to trade with leverage up to 1:500.
• Your margin close-out level will be set at 20% (vs 50% for retail on MT4/5 (cTrader margin close-out will remain at 50%).
• Youre not guaranteed negative balance protection; however, you may be eligible for a once-off negative balance protection of up to $100,000 USD.
• You won't receive the same risk warnings or disclosures that you'd receive as a retail client.
• Peppstone will rely on your knowledge and experience as a Pepperstone Pro to demonstrate your understanding of the risks of trading our products.

How to Open a Pepperstone Account? (5 Steps)

Pepperstone account opening is easy, just follow the steps below:

Step 1: Go to Pepperstone's website and click the 'Join now' button.

Step 2: Select the channel that you want to sign up with, Apple, Google, Facebook, or email. Different channels will take you to different interfaces, and the required information is also different.

Step 3: Here, we choose 'Continue with email' as an example, as the following screenshot shows.

• You need to create your profile - providing information like your country of residence, account type, name, date of birth, and email address.
• Set a password.
• If you don't want to miss information about educational trading materials, events, relevant products and services, you can tick, then Pepperstone will inform you via email, phone, SMS and other messaging platforms.
• Then click the 'Continue' button.

Step 4: Now, your profile has been created. You can click the 'Set up a live account' to open a Pepperstone live account, or click the 'Start trading with demo' to open a Pepperstone demo account.

If you're new to trading or looking to practise your trading strategies in a risk-free environment, we recommend opening a Pepperstone demo account.

Step 5: Here, we click the 'Start trading with demo' as an example. As the screenshot below shows, you need to choose your preferred trading platform, account type, nickname (optional), demo funds ($200 - $50,000), and currency (only USD).

Once you fill in the required information and click the 'Submit' button, your demo account will be created.

If you are interested in Peppertone live trading, you can upgrade to live. Just click the 'Open live account' button and follow the directions step by step.

Before you apply for a live account, make sure you have your ID documents handy. Pepperstone will need these to identify you during the application process.

A valid ID document can be:

• Passport (photo page only)
• National ID card
• Driver's licence (with a photo)

A valid proof of address document can be:

• Utility bills: gas, electric, or phone
• A bank or credit card statement (photo of a physical letter or PDF of statement)
• A council tax bill or rates bill
• Tax statement
• Drivers licence (with a photo) showing your address and expiry date
• Any other government or financial institution-issued document

Pepperstone Deposit & Withdraw

Pepperstone accepts free deposits and withdrawals via Apple Pay, Google Pay, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Skrill, Union Pay, and USDT. Please note that some methods might not be available in your region.

Noteworthy:

• Funds can only be returned to a bank account in the same name (or joint) as your Pepperstone trading account due to third-party transaction regulations.
• Any International Telegraphic Transfer (TT) Fees charged by banking institutions are passed onto the Client. Most International TTs are approximately USD$20.
• Withdrawal forms received after 21:00 (GMT) will be processed the following day. If these are received before 07:00 (AEST) theyll be processed on the same day.
• Withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach your account.

Conversion Fees

As we mentioned in the 'Pepperstone Account Types' section, Pepperstone accepts base currencies like USD, EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD, and HKD for the Razor and Standard accounts, while AUD, EUR, GBP, and USD for swap-free accounts.

If you don't use these currencies, there may be conversion fees. If you don't want to pay conversion fees, you can open a multi-currency bank account at a digital bank.

Withdrawal Limit

Pepperstone does have a minimum withdrawal amount for International Bank Wire Transfers. This will be shown when you're completing your withdrawal request in the secure client area.

When you have open trades on your account, you can only withdraw up to 90% of your free margin. Your current free margin can be found under the 'Trade' tab in your MT4/5 Terminal.

On cTrader, your free margin can be found at the bottom of the 'Positions' tab.

The amount you can withdraw will change as the free margin of your account changes. This will update regularly and sometimes within a matter of seconds.

Neteller, Skrill and Paypal impose maximum limits on individual transactions. You can, however, withdraw your funds in multiple transactions.

How do I Withdraw Money from Pepperstone?

Simply log in to your My Account and select the 'Funds' tab. Click on the 'Withdraw Funds' tab to find all withdrawal options.

You need to confirm the withdrawal request within 1 hour by clicking the “Accept Withdrawal” link embedded within the withdrawal confirmation email. If your account has 2-factor authentication (2FA) enabled, simply enter the code from your Authenticator app to confirm the withdrawal.

Your withdrawal status is shown in the Funds tab. Select History and then Withdrawals to see all withdrawals, their current status, and a legend with explanations to guide you.

Is Pepperstone Safe and Legit?

As for regulation, Pepperstone currently holds five valid regulatory licenses from five countries, including

• Australia Securities & Investment Commission (ASIC)
• Cyprus Securities and Exchange Commission (CySEC)
• Financial Conduct Authority (FCA) in the United Kingdom
• Dubai Financial Services Authority (DFSA)
• The Securities Commission of The Bahamas (SCB)

Regulated Country	Regulated by	Current Status	Regulated Entity	License Type	License No.
	ASIC	Regulated	PEPPERSTONE GROUP LIMITED	Market Making (MM)	000414530
	CySEC	Regulated	Pepperstone EU Limited	Market Making (MM)	388/20
	FCA	Regulated	Pepperstone Limited	Straight Through Processing (STP)	684312
	DFSA	Regulated	Pepperstone Financial Services (DIFC) Limited	Retail Forex License	F004356
	SCB	Offshore Regulated	Pepperstone Markets Limited	Retail Forex License	SIA-F217

You can verify Pepperstone's regulatory status and explore more details on WikiFX.

In addition, Pepperstone offers some security measures to protect the clients' funds, which include but are not limited to account segregation, negative balance protection, two-step authentication, and investor protection schemes.

Compare Pepperstone with Similar Brokers

We compared Pepperstone's key points (regulation, product offering, demo account, account minimum, maximum leverage, trading platform, copy/social trading, and suitable traders) with three similar brokers, IC Markets, CMC Markets, and TMGM. See a more detailed comparison of Pepperstone alternatives below:

Logo
Broker	Pepperstone	IC Markets	CMC Markets	TMGM
Regulation	ASIC, CySEC, FCA, DFSA, SCB (Offshore)	ASIC, CySEC	FMA, FCA, CIRO, MAS	ASIC, VFSC (Offshore)
Product Offering	Forex, shares, ETFs, indices, commodities, currency indices, cryptocurrencies, CFD forwards	2,250+, CFDs on 61 currency pairs, 24 commodities, 2,100+ stocks, 25 indexes, 9 bonds, 21 cryptocurrencies, 4 futures	10,000+, forex, indices, commodities, shares, ETFs, treasuries, shares baskets	12,000, forex, indices, metals, energies, shares, cryptos
Demo Account	✅(30 days, $50,000 virtual funds)	✅	✅(MT4/5 account - initial period of 30 days, Next Generation account - no expiry date; $10,000 virtual funds)	✅
Account Minimum	$0	$200	$0	$100
Maximum Leverage	1:500	1:1000	1:200	1:1000
Trading Platform	TradingView, MT4/5, Pepperstone platform, cTrader	MT4/5, cTrader, TradingView	MT4/5, CMC NextGen	MT4/5, TMGM App
Copy/Social Trading	✅	✅	❌	❌
Best for	Beginners	Experienced traders	Beginners	Experienced traders

FAQs

Is Pepperstone a legit broker?

Yes. Pepperstone has five regulatory licenses, including ASIC in Australia, CySEC in Cyprus, FCA in the UK, DFSA in the UAE, and offshore SCB in the Bahamas.

Is Pepperstone good for beginners?

Yes. The 0 minimum deposit is very friendly for beginners, and also, free demo accounts and rich educational resources give beginners chances to test the platforms and learn by themselves.

What is the minimum deposit for a Pepperstone account?

There is no minimum deposit requirement. You can deposit as little money as you wish.

Does Pepperstone offer demo accounts?

Yes. MT4/5 demo accounts can last for 30 days unless you have a live funded account and ask Pepperstone to set it to non-expiry, while cTrader demo accounts will not expire if they are logged into at least once every 30 days.

Does Pepperstone have a withdrawal fee?

No. Pepperstone does not charge fees for deposits and withdrawals.