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Top ratedPepperstone logoPepperstone
4.8
Visit
Our score4.4 / 54.8 / 5
Trust & Regulation
4.6
4.9
Fees & Spreads
4.5
4.8
Platforms & Tools
4.0
4.9
Research & Education
4.3
4.4
Deposits & Withdrawals
4.3
4.8
Customer Support
4.3
4.5
Minimum deposit$0$0
Maximum leverage1:5001:500
Spreads from (EUR/USD)0.0 pips0.0 pips
Typical EUR/USD spread (standard account)1.2 pips1.0 pips
Commission (raw / ECN account)$3.50 per side per lot (Pro account)$3.50 per side per lot (Razor account)
Execution modelNDD, STPECN, STP, NDD
Minimum trade size0.01 lots0.01 lots
Trading platformsMetaTrader 4, Proprietary platform, Mobile AppMetaTrader 4, MetaTrader 5, cTrader, TradingView, Proprietary platform, Mobile App
MarketsForex, Indices, Commodities, Metals, Energies, Stocks, CryptoForex, Indices, Commodities, Metals, Energies, Stocks, ETFs, Crypto
Number of instruments280+1,300+
FeaturesDemo Account, Negative Balance Protection, Segregated Funds, Islamic Account, Copy Trading, Scalping Allowed, Hedging Allowed, EAs / Algo Trading, Free VPSDemo Account, Islamic Account, Copy Trading, Scalping Allowed, Hedging Allowed, EAs / Algo Trading, Free VPS, Negative Balance Protection, Segregated Funds, Investor Compensation
RegulatorsASIC, FCA, DFSA, FMA, FSA (SC)FCA, ASIC, BaFin, CySEC, DFSA, CMA, SCB
License numbersASIC AFSL 318232, FCA FRN 509746, DFSA F003742ASIC AFSL 414530, FCA FRN 684312, CySEC 388/20, DFSA F004356, CMA 128, SCB SIA-F217
Restricted countriesUSA, Canada, IranUSA, Canada, Belgium
Deposit methodsBank Transfer, Credit/Debit Card, Skrill, Neteller, CryptoBank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller, Apple Pay, Google Pay, UnionPay
Withdrawal processing time1–2 business daysSame day for most methods
Deposit / withdrawal feesNo deposit feesNo deposit or withdrawal fees (except some international wires)
Account base currenciesUSD, EUR, GBP, AUD, CAD, CHF, JPY, SGD, PLN, NZDUSD, EUR, GBP, AUD, CAD, CHF, JPY, SGD, HKD, NZD
Support channelsLive Chat, Email, PhoneLive Chat, Email, Phone
Support hours24/524/5
Support languages—English, Chinese, Spanish, German, Arabic, Thai
Pros
  • ASIC and FCA regulation
  • Axi Select funding program
  • Strong MT4 tools (NextGen, PsyQuation)
  • No minimum deposit
  • Licensed by FCA, ASIC, BaFin and other top regulators
  • No minimum deposit and razor-thin raw spreads
  • Excellent platform choice incl. TradingView and cTrader
  • Fast, reliable execution with no dealing desk
Cons
  • MT4 only (no MT5 or cTrader)
  • Limited product range
  • Support is not 24/7
  • Customer support is not 24/7
  • Smaller stock CFD range than some multi-asset brokers
  • Not available to US clients