Pepperstone Review: Licences, Withdrawals, Islamic 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 offered for religious/personal reasons to residents of eligible countries (incl. Bahrain, Egypt, Jordan, Kuwait, Morocco, Malaysia, Oman, Pakistan, Qatar, Turkey, Indonesia, Algeria and others). No swaps; instead a per-standard-lot admin fee is deducted once a trade has been held for 5 days (i.e. 5-day grace period), per a published fee schedule. Standard-account pricing, $0 commission; page states AUD$200 (or equivalent) minimum deposit for this account. [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 |