Broker Review — August 2026

PEPPERSTONE
FULL REVIEW 2026

Razor Raw Spreads — 7 Regulators

Last updated: August 1, 2026

Disclosure: Links to this firm are direct links — we currently have no referral relationship. Figures checked against public sources in August 2026 and must be re-verified on the firm's own site before purchase.

💸 Save before you buy: No coupon codes — the Razor account's raw pricing is the deal; an Active Trader rebate program rewards volume. See all discounts & codes →

0.0

Razor Spreads

$7 RT

Commission

Min Deposit

MT4/5

+ cTrader/TV

Regulators

Visit Pepperstone →

Overview

Pepperstone, founded in Melbourne in 2010, is one of the most respected raw-spread brokers in the world: regulated in seven jurisdictions (FCA, ASIC, CySEC, BaFin, DFSA, SCB, CMA), serving 400,000+ traders, with no major regulatory incidents in its history.

The Razor account is the one that matters for our members: raw spreads averaging around 0.1–0.17 pips on EUR/USD plus $7/lot round-turn commission ($6 on cTrader) — genuinely institutional pricing. There is no mandatory minimum deposit, no inactivity fee, free VPS for qualifying traders, and an Active Trader rebate program for volume. Platforms: MT4, MT5, cTrader, TradingView and Pepperstone's own — the widest platform choice of any raw broker we review.

Key Information

Founded2010 — Melbourne, Australia

RegulationFCA, ASIC, CySEC, BaFin, DFSA, SCB, CMA

Razor AccountRaw from 0.0 pips + $7/lot RT ($6 cTrader)

Standard AccountSpread-only from ~1.0–1.1 pips

Min DepositNone mandatory (~$200 sensible)

PlatformsMT4, MT5, cTrader, TradingView + own

FeesNo deposit, withdrawal or inactivity fees

ExtrasFree VPS (qualifying), Active Trader rebates

US ResidentsNot accepted (CFDs)

How This Works With Our Signals

Full compatibility. MT5 on Razor executes our signals exactly as published — entry, stop, six TPs, sized by you — at IC Markets-class cost. EAs, scalping and hedging are unrestricted and weekend holding is allowed, which suits the multi-day Quant modules (check swap rates as always).

Versus IC Markets: pricing is effectively a coin-flip; Pepperstone's edge is regulatory breadth (FCA + BaFin on top of ASIC) and platform choice, IC Markets' edge is the larger raw-ECN community. Either is a correct answer.

Pros & Cons

✓ Seven regulators including FCA, ASIC and BaFin — elite trust profile

✓ Razor raw pricing on MT5 — every one of our instruments, IC-class cost

✓ No minimum deposit, no inactivity fee, fast execution (~30–50ms)

✓ Widest platform lineup of any raw broker: MT4/MT5/cTrader/TradingView

✓ Free VPS for qualifying traders; volume rebates

– Not available to US residents

– MT5 symbol list thinner than the biggest multi-asset brokers

– Research/education good but behind IG

Why Our Signals Work With Pepperstone

Pepperstone joins IC Markets and TMGM in our top tier: raw MT5 pricing, unrestricted execution, weekend holding, and the deepest regulatory footprint of any raw-spread broker we list.

Choose it over IC Markets if FCA/BaFin coverage or TradingView/cTrader choice matters to you; the signal workflow and cost per trade are equivalent either way.

READY FOR RAZOR PRICING?

Raw spreads, seven regulators, no minimum deposit.

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PEPPERSTONEFULL REVIEW 2026