Pepperstone Review 2026
Full Pepperstone review for Hungary traders — regulation, spreads, fees and our honest verdict.
Regulation in Hungary
| Regulator | CySEC CySEC — Cyprus Securities and Exchange Commission (CySEC) |
| Licence Number | 388/20 |
| Regulated Entity | Pepperstone EU Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $0 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 1,200+ |
| Platforms | MT4, MT5, cTrader, TradingView |
| Copy Trading | ✓ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Regulated by CySEC (licence 388/20). Minimum deposit $0. In Hungary: maximum forex leverage 1:30.
About Pepperstone
Pepperstone was founded in 2010 and is headquartered in Melbourne, Australia. The broker offers 1,200 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by Pepperstone EU Ltd under CySEC.
In Hungary, Pepperstone operates as Pepperstone EU Ltd, authorised by CySEC under licence number 388/20. Hungary traders are subject to a maximum leverage of 1:30 on forex pairs under CySEC rules.
Trading Platforms
Pros
- CySEC regulated — licence 388/20
- 1,200+ instruments to trade
- Negative balance protection in Hungary
- Platforms: MT4, MT5, cTrader, TradingView
- Copy trading available
Cons
- No inactivity fee
- 75.9% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Key Facts About Pepperstone
- Founded in Melbourne 2010 by experienced forex traders, not financial industry veterans
- Offers Razor (raw spread + commission) and Standard (commission-free) account types
- One of the fastest execution speeds in industry — avg 30-40ms via Equinix data centres
Known Limitations
- No proprietary platform — relies entirely on MT4/MT5/cTrader and TradingView
- Research tools lighter than prime brokers like Saxo or IG
- Limited product range vs multi-asset competitors
Frequently Asked Questions
Is Pepperstone regulated?
Pepperstone holds CySEC licence 388/20, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official CySEC public register.
What is the minimum deposit for Pepperstone in Hungary?
The minimum deposit is $0. This is the amount required to open a live trading account for traders in Hungary under CySEC regulation.
What leverage does Pepperstone offer in Hungary?
In Hungary, Pepperstone offers maximum forex leverage of 1:30 under CySEC rules. Higher leverage may be available through offshore-regulated entities.
Is Pepperstone safe to trade with?
Pepperstone is regulated by CySEC, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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