Pepperstone scores 88/100 in our review (grade A, excellent), a Melbourne, Australia-based broker regulated by FCA (UK), ASIC (Australia), CySEC (Cyprus). It offers MetaTrader 5, so you can run Market Structure Pro on it.
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Start free trial Visit Pepperstone ↗| Headquarters | Melbourne, Australia |
| Founded | 2010 |
| Regulation | FCA (UK), ASIC (Australia), CySEC (Cyprus), BaFin (Germany), DFSA (UAE), SCB (Bahamas), CMA (Kenya) |
| Platforms | MT4, MT5, cTrader, TradingView, Pepperstone Platform (WebTrader) |
| MetaTrader 5 | Yes, MSP works here |
| Own platform | Pepperstone Platform (WebTrader) |
| Account types | Standard, Razor |
| Min deposit | $200 |
| Typical EURUSD spread | 1.1 pips |
| Typical Gold spread | 0.2 |
| Commission | Standard account commission-free (cost in spread). Razor account ~$3.50/lot per side (~$7 round turn) on MT4/MT5, ~$6 round turn on cTrader. Typical/approximate. |
| Execution | No dealing desk |
| Funding methods | Card, Bank transfer, PayPal, Skrill, Neteller |
| Demo account | Yes |
| Support | 24/5 |
Pepperstone is an Australian-founded (Melbourne, 2010) forex and CFD broker that has grown into one of the larger global MetaTrader brokers. It targets active retail and professional traders - especially scalpers, algo traders and cost-sensitive forex/CFD traders - rather than long-term stock investors, since its products are CFDs and spread bets rather than physical shares.
On safety, Pepperstone is well regulated, holding around seven licenses including two Tier-1 authorities (FCA UK and ASIC Australia) plus CySEC, BaFin, DFSA, SCB and CMA. Client funds are segregated and negative balance protection is provided to retail clients under FCA/ASIC/CySEC. Non-EU/UK clients may be onboarded under the offshore SCB entity, which carries weaker statutory protection, and the broker does not accept US clients.
Costs are competitive: the Standard account is commission-free with EUR/USD spreads typically around 1.0-1.1 pips, while the Razor account offers raw spreads from ~0.0 pips plus roughly $3.50 per lot per side. Standout features include broad platform support (MT4, MT5, cTrader, TradingView and its own platform), ~1,400 instruments across forex, indices, commodities, shares and crypto CFDs, fast execution, a demo account and fee-free funding.
A separate reputation score out of 100, based on genuine user reviews across the web and kept independent of the feature score above. Our read: reviews look genuine.
Pepperstone shows a large, consistent body of reviews: ~4.3/5 on Trustpilot across ~3,500 reviews, a moderate 3.48/5 on Forex Peace Army from 389 opinions, and a solid 7.77/10 WikiFX score. Volume is high and cross-platform sentiment is broadly positive with no signs of mass fake or incentivised reviews. Well-regulated (FCA, ASIC, CySEC, BaFin, DFSA); no credible regulator warnings verified.
Can I use Market Structure Pro with Pepperstone? Yes. Pepperstone offers MetaTrader 5, and MSP is an MT5 indicator, so it runs on any of their MT5 accounts. See the install guide.
Sources: pepperstone.com · pepperstonegroup.com · pepperstone.com · en.wikipedia.org. Figures are typical and change, so confirm on the broker's site.
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