Pepperstone publishes a comparable figure on every pair in the table, and prices below the average of the brokers that publish one, three to five per pair, on six of the nine.
🗺️ FCA regulated: Pepperstone Limited (FRN 684312), checked on the FCA register 22 Sep 2026
Pepperstone scores 98/100 and ranks 1 of 14. Its criterion marks run 9 to 10 of 10, assessed 26 Aug 2026. Its published spread is below the average of the brokers that publish one on six of nine pairs, over EUR/JPY.
How We Scored Pepperstone
Our overall score for Pepperstone is 98 out of 100. Below is the assessment behind it: Pepperstone marked on each of the criteria we score every account against, each one out of 10.
Pepperstone marked out of ten on each of the six criteria we score every account against, shown as a bar on each row.
Criterion
Pepperstone
Trading Cost
10 / 10Assessed
Trading Experience
10 / 10Assessed
Trading Platform
10 / 10Assessed
Trust
10 / 10Assessed
Range Of Markets
9 / 10Assessed
Customer Service
10 / 10Assessed
The overall score shown above the table is the sum of these six marks, each out of 10, divided by 60 and multiplied by 100, rounded half up. No criterion is weighted, and this has been how every score on the site is computed since 24 September 2026.
Our scoring methodology names the six criteria, what each one covers, and the published sources behind every mark.
Who You Contract With At Pepperstone
Spread bets at Pepperstone are placed with Pepperstone Limited (FRN 684312). The brand and the authorised company share a name here, which is not true of every provider we cover. A register search for Pepperstone therefore returns the firm you were looking for.
Pepperstone runs separate companies under separate regulators in several other countries. Each is a different firm, and material published by one of them is not a statement about the UK business. The risk warning percentage on this page is the UK firm’s own.
Our guide to spread betting regulation in the UK publishes the authorised entity and reference number for every provider we track. It also names the brands whose register entry does not return the company you searched for. Our spread betting broker reviews directory covers every brand on this site.
Pepperstone appears on the Spread Bet UK home page among the FCA-regulated providers still offering UK spread betting, listed alphabetically with each name opening its full review.
Is Pepperstone Regulated By The FCA?
Pepperstone Limited is on the Financial Services Register under firm reference number 684312, and its status panel reads Authorised, since 5 Aug 2015. We read the entry on 3 Sep 2026, and the capture below is what the register showed that day.
Pepperstone Limited, FRN 684312, on the FCA Financial Services Register: status Authorised, since 5 Aug 2015. Captured 3 Sep 2026. Source: the firm’s register entry, Financial Conduct Authority.
The permissions panel is not in the capture, so this page makes no claim about which regulated activities the authorisation covers. Our regulation guide sets out how to check a broker on the FCA register.
Pepperstone Trust, Ownership And Client Money Protection
Can You Trust Pepperstone?
Pepperstone states that it deposits client money into a segregated client money account held with a credit institution and maintained in compliance with the FCA Client Money Rules. Retail clients are told they will not be liable for any negative equity balance, with the account equity balance adjusted to zero within one business day. (Pepperstone's own site, read )
Who Owns Pepperstone?
Pepperstone Limited has two individuals registered as persons with significant control of the UK firm, according to the Companies House register of persons with significant control. (Companies House, read )
What Happens To Your Money If Pepperstone Fails?
Pepperstone states that if funds cannot be fully returned, eligible clients may be covered by the Financial Services Compensation Scheme. The FSCS's own figure is compensation up to £85,000 per eligible person, per firm, for a firm that failed after 1 April 2019. (Pepperstone's own site, read ; FSCS, read )
Pepperstone Licence And Terms
Regulator
Financial Conduct Authority (FCA)
Authorised entity
Pepperstone Limited (FRN 684312)
Register status
Authorised
Authorised since
5 Aug 2015
Register read
3 Sep 2026
Minimum deposit
£10
Guaranteed stops
Not offered
Inactivity fee
no inactivity fee
Pepperstone Spread Betting Costs
The table above shows Pepperstone's average spreads in points on all nine pairs we read monthly, and our guide, Forex Spread Betting Explained, explains how points relate to pips.
Our spread betting statistics page publishes the full read, every pair against every account we collect.
Guaranteed Stops At Pepperstone
Pepperstone does not offer guaranteed stop-loss orders. An ordinary stop closes your trade at the next available price rather than at the price you set. A market that gaps overnight can therefore close you out below your stop, and the loss is yours.
At Pepperstone you can choose from MT4, MT5, cTrader, TradingView or its own platform, and our spread betting app comparison sets the ranked UK brokers' apps and platforms side by side.
Pepperstone publishes a practice spread betting account, and we read its terms off Pepperstone’s own demo page rather than inferring them: unlimited virtual balance, no fixed term; Pepperstone, MT4 and MT5 demo accounts expire after 60 days of inactivity, Trader and TradingView demo accounts after 90, no deposit to open, checked 22 September 2026.
We read the spread figures Pepperstone publishes for spread betting on its own UK site: an average figure on all nine pairs, averaging 1.7 points against the 1.79-point nine-pair average across the brokers that publish one.
Demo account terms read from Pepperstone's own page.
What Other Review Sites Say About Pepperstone
How Popular Is Pepperstone In The UK?
People in the UK made 8,920 branded searches for Pepperstone in September 2026, placing it 5th of the 14 platforms we review.
5of 14Search interest rank
8,920
Brand searches, September 2026
-2.3%
vs August 2026
1,000
Login searches
7.4%
Share of all searches
Source: Google search volume, the UK, September 2026.
These are Pepperstone’s ratings on the platforms below, each read on the date shown and stated in that platform’s own scale.
Pepperstone rated on each third-party platform, with the rating scale, the volume of ratings and the date we read it.
Pepperstone’s Trustpilot profile, captured 1 Oct 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.Pepperstone’s Apple App Store listing, captured 1 Oct 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.Pepperstone’s Google Play listing, captured 1 Oct 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.Pepperstone’s TradingView profile, captured 1 Oct 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.
Pepperstone At A Glance
Key facts about Pepperstone: its FCA-regulated entity, minimum deposit, spread bet platforms, markets, inactivity fee and guaranteed stops.
Pepperstone publishes these counts on its own market pages.
Forex pairs: 90+
Indices: 20+
Commodities: 40
Shares: 1,100+
ETFs: 80+
Its total covers spread bets and CFDs together rather than spread betting alone, which is how Pepperstone words it, and we have not split it because Pepperstone does not. Our spread betting markets guide covers what these counts do and do not tell you about an account.
Pepperstone Pros And Cons
Pros
Below the Brokers' Average on six of nine Pairs
EUR/USD at 0.5 Points Against the 0.7-Point Average of the Brokers That Publish One
£10 minimum deposit
Cons
Above the Brokers' Average on one of nine Pairs
No guaranteed stop-loss orders
Minimum stake not confirmed
Your Experience With Pepperstone
If you have traded with Pepperstone, tell us what a new customer should know. Submissions are read by the team. Only reviews we can verify are ever published, and none are published yet. Nothing you enter here appears on this page.
Reviews are never paid for and never edited for a broker.
Pepperstone Spread Betting FAQs
Does Pepperstone Have Low Spreads?
Yes, on most of the pairs we read. It is below the average for each pair on six of the nine pairs, level on two and above on one, which is EUR/JPY, and its nine-pair average is 1.7 points against the brokers' nine-pair average of 1.79. Our read of 18 Sep 2026 puts each pair against the average for that pair. The table on this page shows each pair against the row, so you can check the pairs you actually trade rather than trusting the average.
What Is The Minimum Stake On A Pepperstone Spread Bet?
We do not publish one. Pepperstone's own UK site does not state a minimum stake, and the figures circulating for this account come from third-party sites rather than from Pepperstone. Our rule is that a broker figure has to come from the broker. We leave the question open rather than repeat a number we cannot trace to its own source.
Does Pepperstone Offer Guaranteed Stop-Loss Orders?
No. Pepperstone's own FAQ states that it does not provide guaranteed pricing, so an ordinary stop is the only stop available on this account. An ordinary stop closes your trade at the next available price rather than at the price you set. A market that gaps overnight can therefore close you out below your stop, and the loss is yours.
Opening A Pepperstone Spread Betting Account
If you came here for one market rather than for the account, our pages on spread betting indices and commodity spread betting cover how those bets are priced. For most UK retail traders a spread betting profit sits outside Capital Gains Tax, because no chargeable gains arise under CG56105, though the wider position depends on your individual circumstances, as our spread betting tax page explains.
73.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Your capital is at risk. Spread betting is leveraged, so losses can exceed the amount you set out to risk on a bet. This page is not financial or tax advice.
Justin Grossbard co-founded Spread-Bet.co.uk with Noam Korbl in 2024, and co-founded the broker comparison network CompareForexBrokers with him in 2014. He has written for Kiplinger, Entrepreneur, Finance Magnates and MoneyShow since 2022, with articles on forex and trading at MoneyShow, Finance Magnates and Kiplinger.
Updated . Updated on 14 Oct 2026: Pepperstone's retail-loss disclosure is now 73.6%, up from 72.9%, and its ETF range is now 80+, down from 90+, the figure on its own ETF page. We re-read every other fact on this page at source on 14 Oct 2026 and none had changed.
