does pepperstone support mt5
Verdict
- Yes. Pepperstone supports MetaTrader 5 on both of its Australian account types, Standard and Razor, and it is our top pick for MT5 traders in Australia.
- On a Razor MT5 account the FX commission is AUD 3.50 per side per standard lot in an AUD account (AUD 4.50 on XAU/USD), or USD 3.50 in a USD account; Standard charges no FX commission and publishes a 1.1-pip EUR/USD average.
- MT5 is one of the four platforms that carry Pepperstone's perpetual CFDs; MT4 is not.
- Capital.com also offers MT5 to Australians, through its ASIC-licensed company (AFSL 513393).
Short answer: yes, and in Australia MT5 is the one MetaTrader version open on every Pepperstone account. Below is what MT5 gets you there, what a lot costs, and where MT4, cTrader or TradingView would serve you better.
Yes: MT5 runs on both Pepperstone accounts in Australia
Pepperstone Group Limited (ASIC, AFSL 414530) lists MT5 for Standard and Razor accounts alike. That matters because the other third-party platforms are split: MT4 and TradingView are Razor-only on the Australian site, while cTrader is on both. So if you want MetaTrader and the freedom to pick either pricing model, MT5 is the version to download. Expert advisors run on it, Pepperstone's Smart Trader Tools add-ons (Trade Terminal, Correlation Matrix, Mini Terminal and others) install on it, and one login covers FX, indices, commodities, share CFDs, ETFs and crypto CFDs.
Affiliate link — we may earn a commission at no extra cost to you.
What a lot costs on Pepperstone MT5
At $10 a pip on a standard lot, Razor is the cheaper route for anyone trading full lots, while Standard keeps the arithmetic simple at small size. Either account adds a swap on positions held past the daily rollover.
- In an AUD account, Razor MT5 commission is AUD 3.50 per side on FX and AUD 4.50 per side on XAU/USD.
- On MT4, by contrast, Razor commission is charged as AUD 7 per lot when the trade opens.
| Account | Spread | Commission | One standard lot, round trip |
|---|---|---|---|
| Razor | 0.1 pips average | USD 3.50 per side | $1 spread + $7 = $8 |
| Standard | 1.1 pips average | None | $11, all in the spread |
MT5 against Pepperstone's other platforms
- MT4: Razor only in Australia, and it does not carry perpetual CFDs. Choose it only if your expert advisors are written in MQL4.
- cTrader: both accounts, and the cheapest Razor FX commission at USD 3.00 per side (USD 6 round trip), with C# bots through cTrader Automate.
- TradingView: Razor only; worth it if your charts and alerts already live there.
- Pepperstone web platform and app: both accounts, nothing to install.
Does Capital.com offer MT5 in Australia?
Yes. Capital.com lists MT4, MT5 and a TradingView integration alongside its own web platform and app, and serves Australians through Capital Com Australia Pty Ltd under AFSL 513393. Its minimum deposit is $20 against Pepperstone's $10. We rank Pepperstone ahead for MT5 because it publishes average EUR/USD spreads for each account type, which our data does not hold for Capital.com, and because MT5 at Pepperstone also opens the perpetual CFD range.
Before you install MT5
- Choose Razor or Standard first; the account, not the platform, sets your pricing.
- Pick a base currency: USD, EUR, GBP, AUD, SGD or HKD.
- Know the ASIC retail caps for what you trade: 1:30 on major FX, 1:20 on major indices and gold, 1:5 on shares.
- Fund from $10 by PayID, BPAY, card or PayPal, then log in to MT5 with the details Pepperstone sends you.
Sources
Figures as published by each broker.
Is MT5 free with Pepperstone?
Pepperstone's cost pages charge through the spread and, on Razor, a commission; they list no separate fee for using MT5. Positions held overnight also pay swap.
Can I run expert advisors on Pepperstone MT5?
Yes. Pepperstone supports algorithmic trading and EAs on MT4 and MT5, and offers a free VPS to eligible and Pro clients.
Can I trade perpetual CFDs on Pepperstone MT5?
Pepperstone lists MT5 among the platforms for perpetual CFDs. Its Australian pages do not say whether retail clients may trade them, so confirm with support first.
CFDs are complex, leveraged products and carry a high risk of losing money quickly. Make sure you understand how they work and can afford to lose what you put in. This page is general information, not investment advice; check each broker's current terms, PDS and TMD before you open an account.