Pepperstone is one of the leading brokers that's based in Australia. Read this guide to learn how to start trading with the broker.

Pepperstone Open Account

Nowadays, it's impossible to place a trade without opening a live account with a forex broker. The account various purposes, including carrying out online trading, providing access to the trading platform, conducting various transactions, and connecting traders to various services for efficient trading. Therefore, before you can start trading, you'll need to choose a reliable broker and an account type that suits your trading style.

Pepperstone is one of the many top brokers that offer easy access to the forex market. Choosing Pepperstone as your broker to make trades is actually a good idea, regardless of your trading experience. At Pepperstone, the account opening process is easy and needs no prior knowledge. But before we get into that part, let's get to know about Pepperstone at a glance.


Introduction to Pepperstone

Pepperstone is a leading Australian-based broker that was founded in 2010 with an aim to provide cutting-edge technologies, low-cost trading, and good customer support. The broker is now available in over 180 countries and regulated by multiple financial authorities, including ASIC of Australia, CySEC of Cyprus, FCA of the UK, FFSA of Germany, DFSA of the UAE, and SCB of the Bahamas.

Pepperstone claims to provide favorable trading conditions for all types of traders, including beginners and professional traders. There are over 1,200 tradable assets and multiple trading platforms that you can choose from, including the worldwide famous MT4, MT5, and cTrader. There is also a wide choice of educational resources and professional tools that are designed to simplify trading for both rookies and expert traders. On top of that, Pepperstone offers competitive spreads starting from 0 pips and low commissions.

🌐 Website
💼 Regulation
💲 Min Deposit
Year Established

Free education
Trading by telephone
Segregated accounts
Affiliate program
Islamic accounts available
Compensation scheme
Negative balance protection
Low spread eur/usd
Trading via API
Copy trading
Wire transfer

Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.

Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone.

They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.

Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:

  • The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
  • Best Australian Broker and Best Trading Platform 2018 by
  • Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018

With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.

For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.

Trading in Pepperstone would allow traders to choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.

When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.

Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).

There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you area beginner, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.

Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. You can start trading with a minimum lot of 0.01 (micro) and 1:400 leverage.

As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.

If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.

Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.


Account Opening Requirements

The procedure of opening a trading account in Pepperstone is actually quite straightforward. The online application form takes roughly about 10-15 minutes to complete, while the verification process typically takes a couple of hours to one business day.

We should note that as a fully-regulated broker, Pepperstone must conduct strict document verification protocols and a suitability test for all clients. Some people may find KYC policies to be inconvenient and time-consuming, but please know that such measures are crucial to ensure the utmost security and compliance with regulations.

The suitability test is basically a short questionnaire consisting of seven simple questions about trading. This is an important step to measure the client's suitability to trade derivative products. After passing the test, you'll need to provide several documents to confirm your personal identification.

In order to upload the documents, you should take a clear photo of the original document and submit them along with your application form. Please note that your application would not be processed if your scanned documents are blurry, black-and-white, or damaged. In case there's any problem with your documents, Pepperstone will send you an email with clear instructions on what to do next. You can also contact the broker via Live Chat that's available 24 hours, 5 days a week to clarify the issue. The broker might ask you to provide additional information depending on your location.

With that in mind, there are two types of documents that you need to provide, namely:


Government ID

To verify your identity, upload a government-issued document that shows your full name and photo. It can be one of the following documents:

  • Valid Passport (photo page only)
  • Valid Driver's Licence (with a photo)
  • National ID Card


Proof of Residence

To verify your address, provide one of the following documents:

  • A Recent Bank or Credit Card Statement (photo/scan of a physical letter or PDF of statement)
  • Utility Bills (gas, electric, or phone)
  • A council tax bill or rates bill
  • Tax statement
  • Driver's license (with a photo) displaying your address and expiry date
  • Any other document issued by the government of financial institutions

Furthermore, all of the documents you provide must fulfill the following requirements:

  • The document must be valid (no less than 3 months or not expired).
  • The document must show your full name and residential address (PO Box is not allowed), and the information must match the application form.
  • The document must show a provision of services such as money paid or owed.

If you don't have any of the required documents, you can reach out to the broker for further assistance. Sometimes, Pepperstone accepts other types of documents like birth certificates and citizenship certificates.


Steps to Open a Live Account in Pepperstone

Opening an account in Pepperstone can essentially be done in 4 easy steps:

  1. Register for a live trading account.
  2. Take the appropriate test and fill in the application form.
  3. Confirm your identity.
  4. Fund your account and start trading.

To make things easier for you, we have prepared a step-by-step guide with images below.

1. Head over to Pepperstone's website and click "Join Now".

Step 1


2. Enter your email address and click "Get Started". You also have the option to sign up using your Facebook or Google account. This can make the process slightly faster for you.

Step 2


3. Enter your personal information, including your email, account type (individual, corporate, or others), and country of residence. Then, create a strong password for your Client Area in Pepperstone. Once you're done, click "Register".

Step 3


4. Enter more personal details, such as your first and last name, gender, date of birth, address, country of residence, phone number, nationality, and national insurance number. Depending on your country, you may be asked to provide additional information. Tick the box to agree to the Pepperstone rules, then click "Next".

Step 4


5. Specify your trading preferences, which include trading platform type, account type, base currency, and account leverage. Enter a referral code if you have one, then create a strong password for your trading account. After that, click "Next".

Step 5


6. In this step, Pepperstone requires you to provide information regarding your employment and income. This includes the source of your funds, the value of your savings, estimated annual income, employment status, your job position, and trading experience. Enter the information based on your condition, then click "Next".

Step 6


7. On the next page, you'll need to answer and pass the appropriateness test. To start, click "Begin Test". Answer 7 simple questions about your familiarity with the markets.

Step 7

Once you pass, you'll get a pop-up congratulating you.

Step 7a


8. Read Pepperstone's terms and conditions, then tick the box to accept.

Step 8


9. On the verification page, click on each category to choose the files that you wish to upload. Once you upload the required documents, click the "Submit" button.

Step 9


10. Now you just have to wait for Pepperstone to verify your documents and activate your account. This process typically takes several hours to complete. In the meantime, don't forget to verify your email by opening your email inbox and click "Confirm my email".

Step 10

11. Once your account is verified, you can immediately make a deposit and start trading! If you have any questions, simply click "Contact Us" from the side menu and reach the broker via Live Chat, Email, or Phone.



Whether you are a novice trader or a professional, Pepperstone is a great choice to try. It offers high security, a wide range of trading assets, low trading costs, and reliable customer service. You can open a live trading account simply by signing up on the broker's website and submitting the application form. If everything goes well, you can start trading with your account a couple of hours after you register.

Alternatively, you can also open a demo account to familiarize yourself with the trading platform. The process is completely free and there's no need to deposit any money since you're trading with virtual funds. You can switch to a live trading account whenever you're ready to trade in the real markets.


Pepperstone is a multi-asset brokerage that offers Cryptocurrency, indices, forex, and many more. This broker is known for a highly-rated software solution, ultra-low fees, fast execution speeds of 30ms, and innovative Crypto products.