Is Pepperstone a Scam? Regulation Check 2026
We checked Pepperstone's licence in the official SCB register. Here is what the public records say.
Verdict
Pepperstone is NOT a scam. It holds SCB licence SIA-F217, authorising it to offer trading services in Nigeria.
How to verify on the official register
| Regulator | SCB Securities Commission of the Bahamas (SCB) |
| Licence Number | SIA-F217 |
| Regulated Entity | Pepperstone Markets Ltd |
| Founded | 2010 |
What SCB regulation means
SCB-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with SCB directly.
What SCB regulation means for your money
- Client funds held in segregated bank accounts, separate from Pepperstone's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with SCB if Pepperstone fails to resolve your issue
- Pepperstone submits to regular independent financial audits under SCB oversight
Frequently Asked Questions
Is Pepperstone a scam or legitimate?
Pepperstone is NOT a scam. It holds SCB licence number SIA-F217. SCB is one of the world's most respected financial regulators. The licence is publicly verifiable in the SCB official register.
How do I check Pepperstone's SCB licence?
Go to the official SCB website and use the public register search. Search for licence number SIA-F217 or the entity name. The record will confirm Pepperstone's authorisation status and the scope of its permissions.
Are my funds safe with Pepperstone?
As an SCB-regulated broker, Pepperstone must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if Pepperstone encounters financial difficulties.
What protection do I have as a Pepperstone client in Nigeria?
In Nigeria, Pepperstone operates under SCB supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with SCB.
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