20 Jun 2021



Overall score: 84

Official Site

Available in Colombia?


Average Spread for EUR/USD

0.75 pips (Standard account)

Founded in


Maximum leverage





MT4, MT5, cTrader

Minimum deposit

200 USD


Forex, stock indices, currency indices, stocks, commodities, cryptocurrencies.

Pepperstone is an Australian broker with low spreads and unusual cTrader trading platform. However, the company has a high minimum deposit (200 USD), limited payment methods and no binary options.

Facts about Pepperstone

Spreads and commissions ⭐⭐⭐⭐
Instruments ⭐⭐⭐⭐
Platforms ⭐⭐⭐
Payment methods ⭐⭐
Support ⭐⭐⭐⭐
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Education ⭐⭐⭐
General ⭐⭐⭐

What is Pepperstone? Reviews and Analysis

Pepperstone is a broker founded in 2010 and headquartered in Melbourne, Australia offering Forex and CFD trading in more than 150 countries (including Colombia).

The company has more than 57,000 active traders and daily processes transactions worth around $12 billion. It is worth mentioning that Pepperstone has won several awards for its trading conditions, customer service and low spreads.

Pepperstone is not a famous company in Colombia. That's why we decided to open an account and test their trading platform to tell you about its pros and cons.

Is Pepperstone reliable? Operating Licenses


We were able to verify that Pepperstone is a reliable broker. The company is regulated by several watchdogs, including the UK's FCA, Australia's ASIC, Dubai's DFSA, Cyprus' CySEC, Kenya's CMA, Bahamas' SBC and Germany's BaFIN (arguably the most prestigious).

All of these regulations have advantages for you. For example, the company has the obligation to keep your funds in a separate account of your own capital. That way, your money is protected in case the broker goes bankrupt.

Considering these safety measures, we can say that Pepperstone is not a scam. If you plan to deposit here, you won't have any problems with your money.

Pepperstone is a trusted platform, as it is regulated by several entities (including the UK FCA and Germany's BaFIN).

How to open a Pepperstone account from Colombia (7 steps)

If you want to open an account on this platform, you must follow these steps. Please note that you will need photos of your ID and a receipt with your address on it for identity verification purposes:

  1. Login to Pepperstone and click on "Open Live Account".
  2. Enter your email address and click "Get Started" to begin the process.
  3. In the account type, choose "Private". 
  4. Enter your country of residence (Colombia) and a password. Click on "Register".
  5. Complete the form with your basic information, such as address and telephone number.
  6. Take a survey about your investment profile. Be sure to answer honestly.
  7. Finally, upload photos of your ID and receipt in the "Verification" section.

You may be hesitant to send photos of your personal documents, but you don't have to worry. This is a legally binding process to prevent money laundering, terrorist financing and identity theft. This is something that all brokers ask you to do.

Pepperstone Account Types

At Pepperstone you can choose between two types of trading accounts: Razor and Standard. With not so many options, you won't have any problems choosing the right account. However, we believe that the minimum deposit of 200 USD is too high to start with:

Razor Standard
Minimum deposit 200 USD 200 USD
Average Spread for EUR/USD 0.09 pips 0.75 pips
Commissions 7.53 USD/lot (buy and sell) N/A
Maximum leverage 1:200 1:200
Platforms MT4, MT5, cTrader MT4, MT5, cTrader
Minimum volume per order 0.01 batches 0.01 batches
Recommended for Scalpersintraday traders All types of traders

At Pepperstone you can also open demo accounts Razor and Standard accounts. These accounts have the same features as their real counterparts, only they work with credits and in a demo environment.

Demo accounts are ideal for familiarizing yourself with the broker and trading platform, as well as practicing strategies without risking your money.


The Standard account has features for all types of tradersThe trading platform offers a wide range of trading options, such as low spreads, flexible leverage up to 1:200 and a minimum order size of 0.01 lots.

With this account, you can apply any strategy you want, from hedging to news trading. In addition, you can use any of the three available platforms: MT4, MT5 and cTrader.

The Standard account is the most suitable if you are a beginner or a trader who trades on timeframes longer than 1 day.


The Razor account has spreads from 0 pips for Forex. However, you will have to pay a commission of 7.53 USD/lot (buy and sell) when trading. 

This account shares several features with the Standard account, such as leverage of up to 1:200 and the ability to use any trading strategy (such as scalping). 

Because of its low spreads, this account is ideal if you plan to make day trading.

Trading platform

Pepperstone allows you to choose between three platforms: MT4, MT5 and cTrader. Although these software have powerful features for financial trading, we do not consider them to be the most suitable for beginners.

MetaTrader 4 MetaTrader 5 cTrader
Economic calendar
Temporalities 10 10 14
Indicators 85 38 65

MetaTrader 4


There is no other trading platform as famous as MetaTrader 4. This program has several advantages, the most important of which is its great community. 

Since so many people use MT4, you can find a wide variety of tools. Expert advisors (for automated trading), signals, indicators and guides are just some of the aids that traders have created over the years.

However, this platform suffers from a major disadvantage: is not friendly to new users. If you start using this software as an absolute beginner, you are likely to get confused.

Another negative point of MetaTrader 4 is its age. This program was created almost two decades ago, which is noticeable in its outdated interface.

Still, MT4 is one of the best options for trading Pepperstone. If you are willing to learn how to use it, it can be a valuable tool.

MetaTrader 5


MetaTrader 5 is a trading platform that includes several improvements over its predecessor, such as better order execution and a more user-friendly programming language. However, this software is not so popular.

Although MT5 is a superior software in every way, few people use it. That means you won't find many of the features that make MT4 so popular, such as trading signals, Forex robots and custom indicators.

But that doesn't mean it's a bad platform. If you're looking for a powerful and comprehensive softwareand you don't need external aids like plugins, expert advisors or signals, MT5 may be for you.



cTrader is a trading platform developed by Spotware that, despite not being as popular as MetaTrader 4, has several useful functions.

Undoubtedly, the most striking feature of cTrader is its "market depth".. This is a tool that shows in real time the buy and sell orders for a given instrument. That way, you can get a better understanding of market liquidity and make better decisions.

Another quality that we like about this trading platform is its interface. While MetaTrader looks outdated and outmoded, cTrader looks modern, sleek and elegant. It's certainly not something that affects trading, but it does affect the user experience.

However, one of the biggest shortcomings of cTrader is its lack of popularity. Not having such a large community, you won't find too many indicators, expert advisors no trading signals.

If you decide to trade on Pepperstone, two good platform options are MetaTrader 4 and cTrader.

Pepperstone Trading Instruments

At Pepperstone we have a varied list of instruments including Forex and CFDs on stocks, commoditiesdigital currencies, digital currencies and even currency indices. However, we were a bit disappointed at not find binary options.

💵 Forex
Instrument Average Spread Leverage
EUR/USD 0.75 pips 1:200
GBP/USD 1.18 pips 1:200
USD/JPY 0.73 pips 1:200

This trading platform has more than 10 currency pairs, such as majors (like EUR/USD and USD/JPY), minors (including CAD/CHF and EUR/JPY) and even exotics (like EUR/CZK and GBP/MXN).

It should be noted that Pepperstone's spreads are lower than those of other brokers. This feature, coupled with a leverage of up to 1:200, makes this company one of the best brokers in the world. reliable option for Forex scalping.

🛢️ Raw materials
Instrument Average Spread Leverage
Gold spot 0.13 pips 1:200
Brent spot oil 2.3 pips 1:100
Natural gas 1.46 pips 1:33
Coffee 0.30 pips 1:50

Pepperstone has a good variety of commodities which includes metals, energy assets and commodities. It is worth mentioning that the broker offers trading in these instruments through CFDs on spot contracts.

🗠 Actions
Instrument Commission per transaction Leverage
Shares of Australia 0.07 % 1:20
U.S. Stocks. 0.02 USD/share 1:20
UK Shares 0.10 % 1:20
Shares of Germany 0.10 % 1:20

On this platform you can trade stocks from all major markets around the world, including the United States, Europe, United Kingdom and Australia. That means that in this broker you will find stocks of the most renowned companies, such as Apple, Amazon, Netflix and Facebook.

📈 Stock indices
Instrument Average Spread Leverage
US30 From 2.4 pips 1:200
US500 From 0.4 pips 1:200
GER30 From 1.2 pips 1:200

Pepperstone has more than a dozen stock indices, including the most popular ones like the DJIA, S&P 500 and DAX 30. Personally, we like this broker's low spreads and high leverage for stock indices.

💹 Currency indices
Instrument Average Spread Leverage
USDX 6 pips 1:100
EURX 1 pip 1:100
JPYX 1 pip 1:100

This trading platform is one of the few that offers currency indices. These instruments compare one currency against a basket of currencies. For example, the dollar index is a comparison of the US currency against EUR, JPY, GBP, CAD, SEK and CHF.

Instrument Average Spread Leverage
Bitcoin 40.49 pips 1:10
Ether 6.7 pips 1:10
Litecoin 3.28 pips 1:10

Pepperstone is a reliable option for trading cryptocurrencies, as it offers a diverse listing with Bitcoin, Ether, Litecoin, Ripple and even altcoins such as Dash, Chainlink and Stellar Lumens.

It should be noted that this broker has a high leverage for cryptocurrencies. While most companies have margin levels up to 1:5, Pepperstone offers margin trading up to 1:10.

Pepperstone Payment Methods for Colombia

Pepperstone has a limited list of payment options. The platform offers the basic options, although we miss payments with cryptocurrencies and directly on Colombian gateways:

International bank transfer Credit cards Skrill / NETELLER
Minimum deposit 200 USD 200 USD 200 USD
Processing time (deposits) Up to 5 business days Instant Instant
Processing time (withdrawals) Up to 5 business days Up to 5 business days Up to 2 business days
Commissions N/A N/A N/A
Comments It is a costly method due to bank commissions. You can use Visa and Mastercard These eWallets work as intermediaries with Colombian means, such as PSE, Efecty and Bancolombia.

International bank transfer

This broker processes payments via international bank transfers. Although it is an option available for Colombian accounts, we do not recommend it due to its high costs and waiting times.

Banks can charge you about 30 USD for making international transfers. In addition, you will have to wait about a week to debit your account or claim your money.

Credit cards

Pepperstone also receives payments through cards Visa and Mastercard. The company not only accepts physical cards, but also virtual cards generated in services such as Nequi and Bancolombia.

Although credit card deposits are immediate and free of charge, you may have to specify a bank account to collect the money. And as we saw above, that option comes with high fees and waiting times.


The best options for managing your money at Pepperstone are Skrill and NETELLER wallets. These systems allow you to send and receive money online instantly and with no fees.

The main advantage of Skrill and NETELLER is their compatibility with Colombian payment methods. You can recharge these wallets with different methods at your fingertips, such as Efecty, Baloto, Exito, SurtiMAX and PSE.

Although transacting with the broker is free, you will have to pay fees when topping up and withdrawing from your Skrill/NETELLER account. Therefore, we regret that Pepperstone does not offer direct payments on Colombian gateways (where we would not have to pay such fees).

Pepperstone's best payment options for Colombia are Skrill and NETELLER wallets..

Pepperstone Customer Support in Colombia


  • E-mail: support@pepperstone.com
  • Phone: +44 (800) 0465473
  • Live chat?

Pepperstone offers support for 24 hours during the 5 working days. To ask for advice you can use email or live chat. Although this broker has a phone line, it is located in the UK and is not a reliable option for Colombia.

We can confirm that Pepperstone has a good support system. We contacted the broker via chat and received an immediate response from an advisor. We liked the fact that this person spoke Spanish and was able to respond to our requests quickly and cordially.

Therefore, we feel that Pepperstone is a reputable company that doesn't let you down. If you do run into problems, you know that at least there is a live chat to ask for help.

Pepperstone Verdict

Pros and cons
️Spreads lower than other brokers High minimum deposit
️Possibility to use cTrader Does not offer binary options
️Foreign exchange index trading Limited payment methods

Because of its low spreads, high leverage and wide range of currency pairs, we believe Pepperstone is a good choice for scalping Forex and others strategies day trading.

The broker offers powerful platforms and good conditions for high-frequency trading. Therefore, if you are a scalper or intraday trader, this company can give you what you need.

On the other hand, if you are a beginner, Pepperstone may not be the best alternative. The company requires a high initial deposit (200 USD) and their platforms are not the most intuitive on the market.

Frequently Asked Questions

Can I register on Pepperstone from Colombia?

Yes, Pepperstone accepts Colombian traders. To register you have to fill out a form and send photos of your ID and a document with your address on it (like a utility bill). Once the broker verifies your identity, you can make a deposit and start trading.

Can I trade binary options at Pepperstone?

No. Pepperstone only offers Forex and CFD trading on various underlying assets, but not binary options. If you want to trade these instruments (known for their ease of use and high potential profitability), you have to register at IQ Option or a similar platform.

How much is the minimum amount I can deposit at Pepperstone Canada?

The minimum deposit at Pepperstone is 200 USD, which is significantly higher than at other brokers. You can top up via international wire transfer (not recommended due to high costs), Visa and Mastercard credit cards, Skrill and NETELLER eWallets.

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