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Opening an account at Pepperstone - step by step guide and account types

Pepperstone's account opening process offers a rewarding experience. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.

Pepperstone account opening pros and cons
Pros Cons
• No minimum deposit • None
• Several base currencies available  
• User-friendly  

The account opening process at Pepperstone is easy and fully digital: the online application takes roughly 10-15 minutes. In theory, you have to wait 1-3 days for the account to be approved; however, ours was verified within a day.

Pepperstone account opening in four steps:

  1. Register your email and password; confirm your email; proceed to the Secure Client Area.
  2. Fill in your personal information and set the base currency of your account.
  3. Complete a trading expertise survey.
  4. Upload a copy of your passport/ID and a utility bill or some other proof of address.

Should you run into any problems, you can get help from Pepperstone's customer service via email or live chat (i.e. you can send them copies of your ID/passport, and they will upload them for you).

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Pepperstone review - Account opening

 

The account opening at Pepperstone is fully online and user-friendly.

This means that you can easily complete the registration process on your device.

Check out this table to compare the rating and duration of Pepperstone's account opening process to its main competitors:

Pepperstone account opening vs. similar brokers
  Pepperstonr IC Markets Axi
Rating 5.0 stars 5.0 stars 4.2 stars
Account opening time 1 day 1 day 1-3 days

 

Countries where Pepperstone accounts can be opened

 

Fortunately, almost anyone can open an account at Pepperstone. The few exceptions are typically residents of countries with unstable economic or political background.

The following table details whether Pepperstone is available for residents of the listed countries:

Availability of Pepperstone accounts in major markets
Country Available
Australia Yes
Canada No
China Yes
Germany Yes
Hong Kong Yes

Account types

You can choose from two account types, Standard and Razor, which have different pricing structures.

Pepperstone account types
  Standard Account Razor Account
Commission No Yes*
Spreads 0.6 average pips 0-0.3 average pips

*The size of the commission depends on the trading platform you use. The round turn commissions per lot, i.e. the commission for opening and closing $100k positions are:

  • $7.00 for MetaTrader 4 
  • $7.00 for MetaTrader 5
  • $6.00 for cTrader 

If you prefer trading at high volume, you may want to check out the Active Trader program. This gives you rebates based on the number of trades you carry out and you can save on commissions.

Please note that you will be offered different incentives based on your geographical location.
To give you an example, the following rebates apply to EEA, UK and UAE areas.

Pepperstone Active Trader program
Tier Traded volume in lots Rebate per FX lot (round values)
1 100 5%
2 101-200 10%
3 201-500 15%
4 501+ Contact premium client management

Apart from the Standard and Razor accounts, there's a third account type called a Managed AccountThis is mainly aimed at fund managers, who can use this account to easily manage hundreds of sub-accounts. 

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Further reading:

Author of this article

Bence András Rózsa

Author of this article

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Bence András Rózsa

Broker Analyst

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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