Pepperstone review: is it safe for gold trading?

Is Pepperstone safe?

Pepperstone is a 16-year-old broker headquartered in Melbourne, Australia. The group has 7 regulated companies (ASIC, FCA, CySEC, BaFin, DFSA, CMA, SCB). How safe it is for you depends on which one opens your account: in 4 of the 22 countries we cover that is a Tier 1–2 regulated company. Elsewhere it is Pepperstone Markets Ltd (SCB, Tier 4 · light offshore).

Regulation and licences

Each regulator name links to its own public register. Search the exact company name from your account agreement there before you deposit. How to verify a licence

Which company holds your account

Pepperstone assigns clients to different companies depending on where they live. This is the company, regulator and score you would get in each country we cover.

Trading gold with Pepperstone

Platforms

MT4, MT5, cTrader, TradingView

Minimum gold order

0.01 lot (1 oz)

Swap-free account

Yes

Minimum deposit

$0

Round-trip cost, 1 lot XAUUSD

Not measured yet

Spread widening at NFP

Not measured yet

Withdrawal time

Not measured yet

Overnight swap, 1 lot long

Not measured yet

Cost, news-spread and withdrawal tests run on live accounts from our gold cost lab. Results appear here as each broker is tested. Gold pip value calculator · Margin calculator

Fees, deposits and withdrawals

What the broker publishes about deposits, withdrawals and fees. These are the broker’s own terms, collected from independent reviews and the broker’s pages, not our lab measurements.

Minimum deposit

0 (200 recommended)

Inactivity fee

None

Deposit fee

None from broker

Withdrawal fee

None except bank wire (about 20) and some methods

Withdrawal time

Same day if requested before 07:00 AEST, otherwise next business day; card/bank arrival takes longer

Account types

Standard (spread only) · Razor (raw spread + commission)

Raw account commission

7 USD per round-turn lot on MT4/MT5, 6 on cTrader

Payment methods

Visa/Mastercard · Bank transfer · PayPal · Neteller · Skrill · UnionPay · BPay/POLi/PayID (AU) · M-Pesa · USDT (where available)

Checked 2026-11-05. Terms change; confirm on the broker’s site before you deposit.

Regulatory record

• Compensated breach2023 · ASIC · Pepperstone Group Limited

  One of seven CFD issuers that broke Australia's leverage limits (self-reported) and compensated clients; AUD 4.3m paid across the group

  Source ↗

Fines and regulator orders in the last five years reduce the protection score: −4 each, up to −12. Self-reported breaches that were compensated, and public warnings, are shown but not scored.

Score breakdown

For clients in countries without a local licence (account held by Pepperstone Markets Ltd): 48 / 100 · Measured so far: 45 of 100 weight points

Full methodology and data rules →

Pros and cons

What traders say

The Trader Voice score sits beside our expert score and is never mixed into it. It combines public review scores with ratings from our own readers.

Trustpilot scores reflect who a broker invites to review, so we temper them with the share of one-star reviews. Reader ratings count after an account is 72 hours old; one rating per account per broker. Full methodology and data rules

Trader evidence

What readers report from their own accounts: how long withdrawals took, complaints whose evidence our editors checked, and corrections to our data. Nobody can pay to remove a complaint.

Questions

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