Pepperstone Review 2026
Full Pepperstone review for New Zealand traders — regulation, spreads, fees and our honest verdict.
Regulation in New Zealand
| Regulator | ASIC ASIC — Australian Securities and Investments Commission (ASIC) |
| Licence Number | 414530 |
| Regulated Entity | Pepperstone Group 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 ASIC (licence 414530). Minimum deposit $0. In New Zealand: 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 Group Ltd under ASIC.
In New Zealand, Pepperstone operates as Pepperstone Group Ltd, authorised by ASIC under licence number 414530. New Zealand traders are subject to a maximum leverage of 1:30 on forex pairs under ASIC rules.
Trading Platforms
Pros
- ASIC regulated — licence 414530
- 1,200+ instruments to trade
- Negative balance protection in New Zealand
- 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 ASIC licence 414530, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official ASIC public register.
What is the minimum deposit for Pepperstone in New Zealand?
The minimum deposit is $0. This is the amount required to open a live trading account for traders in New Zealand under ASIC regulation.
What leverage does Pepperstone offer in New Zealand?
In New Zealand, Pepperstone offers maximum forex leverage of 1:30 under ASIC rules. Higher leverage may be available through offshore-regulated entities.
Is Pepperstone safe to trade with?
Pepperstone is regulated by ASIC, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
Reader Comments
Loading comments...