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    Pepperstone review: licences, accounts and payments

    Updated October 7, 2026 Facts verified on October 7, 2026

    Not rated yet 4.6/5 on other platforms 37.8K ratings Alternatives

    Pepperstone works through regional entities licensed by the SCB, CMA Kenya, UAE CMA, DFSA, FCA, CySEC and ASIC; the entity named depends on the regional site.

    Key facts

    Minimum deposit
    No minimum

    Facts checked on October 7, 2026. Details and sources below.

    Pros

    • CMA Kenya licence no. 128 held by Pepperstone Markets Kenya Limited
    • Free M-Pesa (Kenya) and Mobile Money (Uganda) deposits and withdrawals
    • No minimum deposit; most methods need at least $10 per deposit
    • Razor: raw spreads, 3.50 USD per lot per side on MT4/MT5 (USD account)

    Cons

    • No swap-free (Islamic) account mentioned on the pages we checked
    • UAE CMA licence covers introduction and consultation; issuer is the Bahamas entity
    • International bank wire withdrawals cost 20 USD or 15 GBP (Kenyan site)
    • TradingView is not available on the Standard account

    Licences and legal entities

    Legal entity Regulator Licence no. Max leverage What we checked
    Pepperstone Markets Limited SCB (Bahamas) SIA-F217 — October 7, 2026
    Pepperstone Markets Kenya Limited CMA (Kenya) (Kenya) 128 — October 7, 2026
    Pepperstone Financial Services LLC CMA (UAE) (United Arab Emirates) 20200000358 — October 7, 2026
    Pepperstone Financial Services (DIFC) Ltd DFSA (United Arab Emirates) F004356 — October 7, 2026
    Pepperstone Limited FCA (United Kingdom) 684312 — October 7, 2026
    Pepperstone EU Limited CySEC (Cyprus) 388/20 — October 7, 2026
    Pepperstone Group Limited ASIC (Australia) 414530 — October 7, 2026

    Account types

    Account Min. deposit Pricing Commission / lot Platforms Swap-free (Islamic)
    Standard $0 Spread only $0 MetaTrader 5, cTrader —
    Razor $0 Raw spread + commission $7 MetaTrader 4, MetaTrader 5, cTrader, TradingView —

    Deposits and withdrawals

    Method Deposit Withdrawal Fee Time
    M-Pesa Kenya Yes Yes Free Deposit immediate; withdrawal up to 1 business day
    Mobile Money (MTN MoMo, Orange Money) Uganda Yes Yes Free Deposit immediate; withdrawal up to 1 business day
    Visa / Mastercard Yes Yes Free Deposit immediate; withdrawal up to 1 business day
    PayPal Yes Yes Free Deposit immediate; withdrawal up to 1 business day
    Neteller Yes Yes Free Deposit immediate; withdrawal up to 1 business day
    Skrill Yes Yes Free Deposit immediate; withdrawal up to 1 business day
    Bank transfer Yes Yes Free; 20 USD/15 GBP on international withdrawals only Deposit 3-5 business days; withdrawal up to 2 business days
    Bank transfer United Arab Emirates Yes Yes — Mashreq Bank / Barclays Bank: deposit and withdrawal up to 2 business days

    Screenshots

    Pages we captured in a browser on the date shown. Pages can look different in your country.

    Pepperstone home page
    Pepperstone home page Captured October 12, 2026 · Source
    Pepperstone account types on its official site
    Pepperstone account types on its official site Captured October 12, 2026 · Source
    Pepperstone in the CySEC register
    Pepperstone in the CySEC register Captured October 12, 2026 · Source
    Pepperstone broker page on TradingView
    Pepperstone broker page on TradingView Captured October 12, 2026 · Source

    Video from Pepperstone

    From the company’s own YouTube channel, as embedded or linked on its site. Nothing loads from YouTube until you press play.

    Plays from youtube-nocookie.com after you press play; Google’s privacy policy then applies. Open on YouTube · YouTube channel: Pepperstone Australia · Where the company links it · Checked October 12, 2026

    Overview

    Pepperstone, a forex and CFD broker, works through several legal entities; which one its website names depends on the regional version. The pages we checked give no founding year or headquarters. All facts in this review were checked on 7 October 2026.

    Licences and who they cover

    • Pepperstone Markets Limited: SCB (Bahamas), licence SIA-F217. Named on the global site; product issuer for the UAE CMA entity’s clients.
    • Pepperstone Markets Kenya Limited: CMA (Kenya), licence 128, also on the CMA register; named on the Kenyan site.
    • Pepperstone Financial Services LLC: CMA (UAE), licence 20200000358, for UAE clients; the licence covers only introduction and financial consultation.
    • Pepperstone Financial Services (DIFC) Ltd: DFSA (Dubai), licence F004356; the UAE site marks it for professional clients only.
    • Pepperstone Limited: FCA (UK), registration number 684312; named on the UK site.
    • Pepperstone EU Limited: CySEC (Cyprus), licence 388/20, also on the CySEC register; named on the EU site.
    • Pepperstone Group Limited: ASIC (Australia), AFSL 414530; which clients it serves is not stated.

    One UAE page counts nine licensed entities, and the Kenyan site’s legal page mentions a Mauritius licence with no entity name or number in the text we captured; neither is covered here.

    Pepperstone EU Limited states that 74.1% of retail investor accounts lose money when trading CFDs with this provider; other regional sites show different figures or none.

    Accounts and costs

    Standard and Razor have no minimum deposit, but most methods need at least $10 or the local equivalent per deposit (bank transfers: no minimum).

    • Standard: standard spreads, no commission except on share and ETF CFDs. The Kenyan and UAE pages list MT5 and cTrader, and the global page adds MT4. No TradingView.
    • Razor: raw spreads plus 3.50 USD per lot per side on MT4 and MT5 for a USD account (7 USD round turn); 6 USD round turn on cTrader, 7 USD on TradingView.

    Kenyan site accounts are in USD or GBP. No page we checked mentions a swap-free account.

    Deposits and withdrawals

    On the Kenyan site, M-Pesa (Kenya only), Mobile Money (Uganda only), cards, PayPal, Neteller and Skrill are free, with immediate deposits and withdrawals within 1 business day. Bank wire deposits take 3–5 business days and withdrawals up to 2; only international withdrawals are charged, at 20 USD or 15 GBP.

    On the UAE site, Mashreq Bank and Barclays Bank transfers take up to 2 business days each way, and card deposits are capped at 75,000 AED per transaction.

    Before you open an account

    • Check which entity your regional site names in its footer; the licence and the risk warning depend on it.
    • In the UAE, note that the products are issued by the Bahamas entity.
    • If you need a swap-free account, ask before you deposit.

    We have not tested this company with our own account yet; this review will be updated when we do.

    Ratings on other platforms

    What users of app stores and TradingView give Pepperstone. These are their ratings, not a Wealth.cat score.

    Average across platforms: 4.6/5 37.8K ratings · Weighted by the number of ratings on each platform.
    Platform What is rated Rating Ratings Checked
    Google Play Pepperstone: Trade CFD & Forex 3.6/5 1.5K October 8, 2026
    App Store Pepperstone: Trade CFD & Forex 4.1/5 84 October 8, 2026
    TradingView Pepperstone 4.6/5 36,198 October 8, 2026

    App store ratings rate the company’s mobile app. TradingView ratings rate the broker. Counts with K or M are rounded by the platform.

    What reviewers mention most

    We read 80 reviews (App Store: 40, in the platform’s default order, TradingView: 40, newest first) written between January 24, 2024 and October 7, 2026 and counted what each one talks about: 48 positive (4–5★), 5 neutral (3★) and 27 negative (1–2★).

    Most praised

    • Easy-to-use app or platform 18
    • Useful tools and features 10
    • Fast, smooth order execution 9

    Most criticised

    • App bugs, crashes or login problems 19
    • Slippage, failed or delayed orders 6
    • Slow or unhelpful support 6

    The number is how many of those reviews mention it. Only themes mentioned at least twice are listed.

    This summarises what reviewers wrote; we did not verify their claims, and companies can invite customers to leave reviews.

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    Frequently asked questions

    Is Pepperstone regulated?

    Yes. Pepperstone operates through entities licensed by SCB (Bahamas), CMA (Kenya), CMA (UAE), DFSA (United Arab Emirates), FCA (United Kingdom), CySEC (Cyprus), and ASIC (Australia). Licence numbers and legal entities are listed in the licences table on this page.

    What is the minimum deposit at Pepperstone?

    Pepperstone sets no minimum deposit (Standard and Razor).

    Which trading platforms does Pepperstone offer?

    Pepperstone offers MetaTrader 5, cTrader, MetaTrader 4, and TradingView.

    How can I deposit and withdraw money with Pepperstone?

    Deposits and withdrawals: M-Pesa (Kenya), Mobile Money (MTN MoMo, Orange Money; Uganda), Visa / Mastercard, PayPal, Neteller, Skrill, Bank transfer, and Bank transfer (United Arab Emirates).

    When were these facts last checked?

    We checked the facts on this page against Pepperstone’s official pages on October 7, 2026.

    How is Pepperstone rated on other platforms?

    As of October 8, 2026: Google Play 3.6/5 (1.5K ratings), App Store 4.1/5 (84 ratings), and TradingView 4.6/5 (36,198 ratings). Weighted by the number of ratings, the average is 4.6/5. These are ratings by those platforms’ users, not a Wealth.cat score.

    What do reviewers praise and criticise about Pepperstone?

    We read 80 reviews on App Store and TradingView written between January 24, 2024 and October 7, 2026. Most praised: Easy-to-use app or platform (18), Useful tools and features (10), Fast, smooth order execution (9). Most criticised: App bugs, crashes or login problems (19), Slippage, failed or delayed orders (6), Slow or unhelpful support (6). This summarises what reviewers wrote; we did not verify their claims, and companies can invite customers to leave reviews.

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    Sources