⚠ Risk warning: CFDs are complex instruments. 70-85% of retail accounts lose money. · ASIC-licensed providers limit retail leverage · 18+
A aufxbroker aufx Open FxPro Account →
A aufxbroker
FxPro▾
ReviewSpreads & FeesPlatformsAccount TypesDemo AccountDeposit & KYCWithdrawalFAQ
Instruments▾
ForexStocksCryptoMetalsIndicesCommoditiesEconomic Events
Tools▾
Pip CalculatorLot SizeMarginProfit / LossCompoundDrawdownRisk : RewardRisk of RuinFibonacciPivot PointsCarry TradeMonte CarloMarket HoursCurrency StrengthVolatilityVWAP
Brokers▾
PepperstoneIC MarketsIG MarketsCMC MarketsPlus500eToroBest in AustraliaFxPro review →
Signals▾
Forex SignalsCrypto SignalsMetals SignalsStocks SignalsIndices SignalsEconomic EventsFree vs PaidAI SignalsCopy Trading
Education▾
Forex BasicsStrategiesRisk ManagementGlossary (50+)Platforms
Open FxPro Account →
Home/Brokers/Pepperstone
/* broker review · au · independent · updated 2026-05-07 */

Pepperstone review for Australia traders

Australia-incorporated broker with Razor 0.0-pip spreads, full ASIC regulation, and a clean trader-pro interface. We cover where it shines and where FxPro pulls ahead.

Pepperstone
Founded 2010 · ASIC, FCA, CySEC, DFSA, BaFin · 400k+ accounts
4.6 ★
spread (Razor) from 0.0 pips commission $3.50 / lot leverage 1:30 retail (ASIC) min deposit $200 AUD platforms MT4 · MT5 · cTrader · TradingView AUD wallet yes

In 30 seconds

  • Pros: ASIC-incorporated · Razor 0.0-pip spreads · TradingView native · clean trader-pro interface
  • Cons: $200 minimum (vs FxPro $100) · narrower CFD universe · no proprietary research platform
  • Verdict: the right pick if you value local regulation + TradingView. Skip if you need broader CFD coverage or lower minimum to test.
Disclosure. aufxbroker earns no affiliate commission from Pepperstone — we're FxPro affiliates only. This review reflects honest editorial judgement, not paid placement. Full disclosure →

About Pepperstone

Pepperstone was founded in Melbourne in 2010 and grew into one of the larger Australia-incorporated retail forex brokers. It holds an ASIC license (AFSL 414530) plus FCA (UK), CySEC (EU), DFSA (UAE), BaFin (Germany), CMA (Kenya) and SCB (Bahamas) — multi-jurisdictional but with the ASIC entity primary for Australia residents.

The broker has a clear identity: pure-trader focus, no diversification into investment products or wealth management. Two account types (Standard + Razor), four platforms, no proprietary terminal — it integrates with what traders already use rather than building its own.

Spreads & commission

Razor account: raw interbank spreads from 0.0 pips on EUR/USD, plus $3.50 commission per side per standard lot ($7 round-trip). This is the model active scalpers want — comparable to FxPro Raw and IC Markets cTrader.

Standard account: spreads from 1.0-1.2 pips, no commission. Slightly tighter than FxPro Standard's 1.2 average, but the difference is in the noise.

ASIC-regulated retail accounts have leverage capped at 1:30 on majors (vs 1:500 on FxPro offshore) — the trade-off you accept for local protection.

Platforms

MT4, MT5, cTrader, and full TradingView integration (open trades directly from TradingView charts). The TradingView angle is unique — most brokers offer chart-only TV embeds; Pepperstone is one of few with full execution.

FxPro counters with FxPro Edge — a proprietary research-first interface that Pepperstone has no equivalent of. If you want institutional-style multi-asset research baked into the platform, FxPro wins. If you live in TradingView already, Pepperstone wins.

AUD deposit options

Pepperstone supports PayID, BPAY, POLi, Osko, Visa, Mastercard for Australia clients. PayID is the fastest method (typically instant during banking hours). Withdrawal mirrors the deposit method — card refunds to source, PayID to verified mobile/email.

Regulation

Pepperstone's primary Australia entity is ASIC-licensed. That means: client funds segregated, retail-trader leverage caps, dispute resolution through ASIC's framework, and ASIC's standard risk warnings on marketing. For Australia residents wanting regulator coverage in their own jurisdiction, this is the cleanest path.

FxPro is offshore-only for Australia (FCA/CySEC/FSCA primary). Higher leverage available, no ASIC dispute body — different trade-off, neither inherently safer.

Pepperstone vs FxPro for Australia traders

Both brokers serve the same trader profile (Raw-spread-curious, multi-platform, retail-active). Differences in 6 dimensions:

MetricPepperstoneFxProWinner
ASIC license✓ AFSL 414530offshore (FCA/CySEC/FSCA)Pepperstone
Min deposit$200 AUD$100 AUDFxPro
Raw spread (EUR/USD)0.0 + $3.50/lot0.0 + $3.50/lottie
Max leverage (retail)1:30 (ASIC)1:500 (offshore)FxPro · risk noted
PlatformsMT4 · MT5 · cT · TradingViewMT4 · MT5 · cT · FxPro EdgeFxPro (4 incl. proprietary)
CFD universe~1,200 instruments~2,200 instrumentsFxPro
PayID support✓✓tie
TradingView execution✓ nativechart embed onlyPepperstone

Verdict

Choose Pepperstone if: you want ASIC regulation in your own jurisdiction, you live in TradingView and want to execute trades from there, and the $200 minimum / 1:30 leverage cap are acceptable trade-offs.

Choose FxPro if: you want broader CFD coverage (2,200 vs 1,200 instruments), higher leverage (1:500 vs 1:30) is a legitimate part of your strategy, you'd use the FxPro Edge research interface, or the lower $100 minimum matters for testing.

Both brokers are legitimate. The choice is regulation-vs-flexibility, not safe-vs-risky.

Want the full FxPro side of this comparison?

Read our complete FxPro Australia review — spreads, platforms, deposit options, account types, demo workflow.

Visit Pepperstone official Read FxPro review →

Pepperstone FAQ

Is Pepperstone regulated for Australia traders?
Yes. Pepperstone is incorporated in Australia and licensed by ASIC (AFSL 414530), giving local retail-protection coverage.
How does Pepperstone compare to FxPro on spreads?
Both offer Raw-style spreads from 0.0 pips with $3.50/lot commission. The realised spread + commission cost is essentially identical for active scalpers.
What's Pepperstone's minimum deposit?
$200 AUD. FxPro is lower at $100. For testing the platform with small size, FxPro is more accessible.
Does Pepperstone support PayID?
Yes. PayID typically lands instantly during banking hours; after-hours within ~30 minutes.
Can I use TradingView with Pepperstone?
Yes — full execution, not just charting. You can place orders directly from TradingView charts. This is one of Pepperstone's clearest advantages.
Is Pepperstone leverage capped?
ASIC-regulated retail accounts cap leverage at 1:30 on major pairs. Professional clients can access higher leverage after meeting professional-status criteria.

Related broker reviews

Similar

IC Markets

Another ASIC-licensed Raw-spread broker — direct alternative.

 Different

IG Markets

UK-fintech standard, deeper research, $0 minimum.

 ★ Our pick

FxPro review

Full FxPro Australia review — the broker we recommend.
Live