Pepperstone Markets Limited — where it wins, where it loses
Pepperstone Markets Limited wins on entry cost. No column in our set puts it behind the field. Priced across ten round-turn EUR/USD lots it comes 10 of 39 in this field.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
- entry cost
Loses on
No column in this set puts Pepperstone Markets Limited behind the field.
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| Capital Markets Authority (Kenya) | 128 | KE | Tier 2 | entity not examined | licensees.cma.or.ke |
| Financial Conduct Authority (UK) | 684312 | GB | Tier 1 | entity not examined | register.fca.org.uk |
| Securities Commission of The Bahamas | BS | Tier 3not verified | entity not examined | scb.gov.bs |
Checkable
Facts the comparison runs on
On the record
- Pepperstone Markets Limited: deposit as advertised by the firm, 2026-10 (https://pepperstone.com/en/trading/trading-accounts)
- Pepperstone Markets Limited: software as advertised by the firm, 2026-10 (https://pepperstone.com/en/trading/trading-accounts)
- Pepperstone Markets Limited: leverage as advertised by the firm, 2026-10 (https://pepperstone.com/en/trading/costs-and-fees)
| Trading since | not verified |
|---|---|
| Base | not verified |
| Minimum to open | None (as advertised by Pepperstone Markets Limited, 2026-10 · source) |
| Leverage cap | 1:200 (Securities Commission of The Bahamas) (as advertised by Pepperstone Markets Limited, 2026-10 · source) |
| EUR/USD | not verified |
| Terminals | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Proprietary web platform |
| Account tiers | Standard, Razor, Demo |
| Markets | not verified |
| Record confidence | medium |
| Matchup-ready | yes — enough public cost data to run a head-to-head |
Excluded from the maths
Not verified
Not verified
Every input above traces to a source we can re-open. Nothing about Pepperstone Markets Limited is carried on the broker's word alone.
Costs less
Who beats Pepperstone Markets Limited on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.