Pepperstone
Razor-thin spreads for active traders
Overview
Founded in Melbourne in 2010, Pepperstone has grown into one of the most respected names in Australian forex. Its Razor account routes orders through a deep liquidity pool of tier-one banks, delivering raw spreads from 0.0 pips with a transparent commission. Average execution speeds under 30 milliseconds make it a favourite among scalpers and traders running expert advisors. Beyond forex, clients can trade indices, commodities, shares and cryptocurrencies, all from MetaTrader, cTrader or TradingView.
Pros
- Raw spreads from 0.0 pips on the Razor account
- Lightning-fast execution suited to scalping and EAs
- Widest platform choice: MT4, MT5, cTrader & TradingView
- No minimum deposit to open an account
Cons
- Commission applies on the raw-spread Razor account
- No proprietary in-house trading platform
Trading platforms
How we reviewed Pepperstone
This review was compiled by Marcus Hale, senior markets analyst & editor with 15+ years of experience, and its regulatory details were independently fact-checked against ASIC’s public registers. We rate brokers on regulation and safety, the true cost of trading, platform and execution quality, instrument range and customer support. Read our full review methodology to see exactly how scores are reached.