Broker Profile

Pepperstone: a BaFin-regulated CFD and forex broker, explained plainly.

Founded in 2010, Pepperstone operates across multiple regulatory jurisdictions including Germany (BaFin), the UK (FCA), and Australia (ASIC). This page summarizes what the broker offers, sourced from its own regulatory filings and public terms pages, so you can decide whether it fits before you open an account.

BaFin Regulated MT4 / MT5 / cTrader Est. 2010

Trading Platforms

What you actually trade on

MetaTrader 4

Industry standard, EA support

MetaTrader 5

Multi-asset, faster execution

cTrader

Depth-of-market view

TradingView

Charting-first workflow

What "BaFin regulated" means in practice

Pepperstone's German entity is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht, which requires segregated client funds, capital adequacy standards, and participation in the Entschädigungseinrichtung der Wertpapierhandelsbanken (EdW) — a compensation scheme covering eligible claims up to €20,000 if the broker becomes insolvent.

This oversight does not protect against ordinary trading losses. It protects the money sitting in your account from being misused or lost to broker insolvency.

EU leverage limits

Under ESMA rules that apply across the EU, retail leverage on Pepperstone's EU-regulated entity is capped at:

1:30 on major currency pairs
1:20 on minor pairs, indices, and gold
1:10 on commodities other than gold
1:2 on cryptocurrency CFDs

Reasonable for

Traders who want a locally regulated German entity rather than an offshore one
People who plan to use MT4/MT5/cTrader rather than a proprietary app
Those comparing raw-spread vs. commission-inclusive pricing models

Worth checking before you sign up

Confirm which legal entity you'd be onboarded under — terms differ by region
Razor account commission is charged per side, not included in the quoted spread
Country availability changes — verify Pepperstone currently accepts residents of your country

CFD and forex trading involves a high risk of loss Between 68–80% of retail investor accounts lose money when trading CFDs. Leverage can work against you as well as for you. You should only trade with money you can afford to lose, and should not treat this page as financial advice. Regulatory status and account terms can change — verify current details directly with Pepperstone before opening an account.

Sources

Public information used on this page

BaFin public register — Pepperstone GmbH entity listing
Pepperstone official website — account types, platform list, published fee schedule
ESMA retail leverage rules for CFD products (EU-wide)