Pepperstone Review (November 2026): Regulation, Withdrawals and Islamic Account Terms
Verified facts
| Founded | 2010 |
| Minimum deposit | $10 |
| EUR/USD spread from | 0.0 pips (Razor account, raw spread + commission from $3.50 per lot per side) |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Pepperstone platform (web + mobile app) |
| Withdrawal methods | Visa, Mastercard, Bank transfer, PayPal, Skrill, Neteller, UnionPay, Apple Pay, Google Pay, USDT |
| Crypto deposits/withdrawals | Yes |
Withdrawal speed: claim vs. measured
| Broker-published claim | Measured by us |
|---|---|
| Cards, Apple Pay and Google Pay withdrawals: "Same Day - Up to 1 working day"; bank transfers: "Same Day - Up to 3 working days". Pepperstone notes final settlement depends on third-party institutions and can vary. [Source] | Testing in progress |
Islamic account: published terms vs. audit
| Availability | Broker-published claim | Measured by us |
|---|---|---|
| Yes | Swap-free account for traders who cannot receive or pay swaps, offered to residents of 23 listed countries (Albania, Algeria, Bahrain, Bangladesh, Brunei, Burkina Faso, Egypt, Indonesia, Jordan, Kosovo, Kuwait, Kyrgyzstan, Malaysia, Maldives, Mauritania, Morocco, Niger, Oman, Pakistan, Qatar, Sierra Leone, Turkey and Uzbekistan); Saudi Arabia and the UAE are not listed. No swaps; once a trade has been held for 5 days an admin charge per standard lot is deducted, and the page's table lists USD 100 for FX and precious metals (effective 19 June 2023). Standard-account pricing (average EUR/USD 1.0-1.2 pips), $0 commission, AUD$200 (or equivalent) minimum opening balance; scalping, EAs and hedging allowed. Source: the swap-free page on Pepperstone's Africa site (Pepperstone Markets Kenya); the global English page now redirects to the general accounts page (checked 2026-10-06). [Source] | Testing in progress |
Maximum leverage by entity
| Regulation | Leverage | Source |
|---|---|---|
| ASIC (Australia) Pepperstone Group Limited | Retail 30:1 · Pro 500:1 | Source |
Published spreads
| Broker | Platforms | Claim | Source |
|---|---|---|---|
| EURUSD | Razor | 0.1 pips (average) | Source |
| EURUSD | Standard | 1.1 pips (average) | Source |
| GBPUSD | Razor | 0.2 pips (average) | Source |
| GBPUSD | Standard | 1.2 pips (average) | Source |
| USDJPY | Razor | 0.3 pips (average) | Source |
| USDJPY | Standard | 1.3 pips (average) | Source |
| XAUUSD | Razor | 0.12 (average) | Source |
| XAUUSD | Standard | 0.19 (average) | Source |
Gulf funding and account currency
| mada | Not published |
| KNET | Not published |
| UAE local bank | Yes |
| AED account | Yes |
UAE page lists Mashreq Bank and Barclays Bank local transfers (no minimum, up to 2 business days), plus cards, Apple Pay, Google Pay. AED is an available base currency alongside GBP, USD, EUR, AUD. No mada or KNET on any funding page; no SAR base currency.
Scalping, Expert Advisors and hedging
| For Scalping | Not published |
| Expert Advisors | Yes |
| Hedging | Not published |