Pepperstone review

Pepperstone Review

Overall, Pepperstone is considered low-risk, with an overall Trust Score of 92 out of 100. Pepperstone is licensed by three Tier-1 Regulators (high trust), three Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). Pepperstone is currently not regulated by the CMA of Uganda. Pepperstone is currently not regulated by the CMA of Uganda

Updated : February 13, 2023

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets


Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons


Overall Rating

Min Deposit

USD 200 / 735,164 UGX



Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradeView


Yes (Not available in Africa)

Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

on Pepperstone’s website

Pepperstone Overview

Pepperstone Review Overview Uganda

👉 Pepperstone offers two different retail trading accounts namely a Standard Account and a Razor Account.


👉 As one of the world’s leading online brokers, Pepperstone Group, founded in 2010, has grown rapidly since then. Over the years, Pepperstone has built a brokerage environment that is extremely competitive and full-featured.


👉 Regulators across the world have given Pepperstone many licenses, making it a safe and regulated broker. To concentrate on the challenging work of attempting to make money trading the markets, Pepperstone provides clients with simple access to the markets.


👉 A wide selection of low-cost options, a variety of user interfaces and account kinds, and rapid customer assistance make Pepperstone a perfect alternative for traders.


👉 This Pepperstone review for Uganda will provide local retail traders with the details that they need to consider whether Pepperstone is suited to their unique trading objectives and needs.


👉 Pepperstone accepts Ugandan clients and has an average spread from 0.0 pips with AU$7 commission round turn. Pepperstone has a maximum leverage ratio up to 1:400 (Retail) and 1:500 (Pro), and there is a demo and Islamic account available.


👉 MT4, MT5, cTrader, TradingView, Myfxbook, and DupliTrade platforms are supported. Pepperstone is headquartered in Australia and regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB.


Pepperstone Distribution of Traders

Pepperstone Review Distribution of Traders Uganda

👉 Pepperstone currently has the largest market share in these countries:

➡️ Australia – 9%

➡️ Hong Kong – 8%

➡️ Brazil – 7.7%

➡️ United Kingdom – 6.2%

➡️ Mongolia – 5.9%


Popularity among traders who choose Pepperstone

🥇 For Ugandan forex and CFD traders, Pepperstone is one of the top 30 forex and CFD brokers that accept Ugandan clients.


Pepperstone At a Glance

🏛 HeadquarteredMelbourne, Australia with offices globally
🏙 Local office in Kampala?No
✅ Accepts Uganda traders?Yes
🗓 Year Founded2010
📞 Uganda Office Contact NumberNone
🤳 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• YouTube
⚖️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
🪪 License Number• Bahamas – 177174 B
• Australia – ACN 147055703, AFSL 414530
• United Kingdom – 684312
• Cyprus – HE 398429
• Kenya – CMA Licence Number 128
• Dubai – DFSA F004356, DIFC 3460
• Germany – 151148
⚖️ CMA Uganda RegulationNo
🚫 Regional RestrictionsUnited States, Canada, Iran, Japan, Iraq, Zimbabwe, Yemen, and others
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts2
📊 PAMM AccountsNo, only MAM for fund managers
🤝 Liquidity ProvidersBarclays, HSBC
💸 Affiliate ProgramYes
📲 Order ExecutionSucden Financial Limited, IS Prime Limited, LMAX Limited, GAIN Capital, Jefferies Financial Services, Inc. (Morgan Stanley, Morgan Chase)
📊 Average spreadVariable, from 0.0 pips EUR/USD
📞 Margin Call90%
🛑 Stop-Out20%
✅ Crypto trading offered?Yes
💰 Offers a UGX Account?No
👨‍💻 Dedicated Uganda Account Manager?No
📊 Maximum Leverage1:400
🚫 Leverage Restrictions for Uganda?No
💰 Minimum Deposit 510,000 UGX or an equivalent to AU$200
✅ Uganda Shilling Deposits Allowed?No
📊 Active Uganda Trader Stats100,000+
👥 Active Uganda-based Pepperstone customersUnknown
💳 Uganda Daily Forex TurnoverUnknown, overall Forex Daily Trading Volume is over $6.6 Trillion
💵 Deposit and Withdrawal Options• Visa
• Mastercard
• Bank transfer
• Paypal
⏰ Minimum Withdrawal TimeYes
💵 Instant Deposits and Instant Withdrawals?Yes
🏦 Segregated Accounts with Uganda Banks?No
🕐 Maximum Estimated Withdrawal TimeUp to 5 Working Days
📊 Trading Platforms• MetaTrader 4
• MetaTrader 5
• cTrader
• TradingView
• Myfxbook
• DupliTrade
✔️ Tradable Assets• Forex
• Cryptocurrencies
• Shares
• ETFs
• Indices
• Commodities
• Currency Indices
💸 Offers USD/UGX currency pair?No
📈 USD/UGX Average SpreadN/A
📉 Offers Uganda Stocks and CFDsNone
🗣 Languages supported on WebsiteEnglish, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, German, Hungarian, Turkish
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/5
👥 Customer Support LanguagesMultilingual
✅ Bonuses and Promotions for Uganda tradersNone
📚 Education for Uganda beginner tradersYes
📱 Proprietary trading softwareNo
💰 Most Successful Ugandan TraderUnknown
✅ Is Pepperstone a safe broker for Ugandan traders?Yes
📊 Rating for Pepperstone Uganda9/10
🤝 Trust score for Pepperstone Uganda92%
👉 Open an account👉 Open Account

Overall Rating

Min Deposit

USD 200 / 735,164 UGX



Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradeView


Yes (Not available in Africa)

Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

on Pepperstone’s website

Pepperstone Regulation and Safety of Funds

Pepperstone Review Regulation And Safety Uganda


Pepperstone Regulation in Uganda

👉 While Pepperstone is not regulated by the Bank of Uganda , the broker has regulations and authorization through several reputable market regulations around the globe.


Pepperstone Global Regulations

➡️ The Financial Conduct Authority (FCA) regulates Pepperstone Limited (UK).

➡️ The Australian Securities and Investment Commission (ASIC) regulates and oversees Pepperstone Group Limited.

➡️ The Dubai Financial Services Authority (DFSA) regulates Pepperstone Financial Services (DIFC) Limited in Dubai.

➡️ The Securities Commission of the Bahamas is a Tier-3 regulator that oversees Pepperstone Markets Limited.

➡️ The Cyprus Securities and Exchange Commission (CySEC) is the Tier-2 market regulator in Cyprus that oversees Pepperstone EU, Ltd.

➡️ In Germany, Pepperstone GmbH is well-regulated and overseen by Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin).

➡️ Lastly, Pepperstone Markets Kenya Limited is overseen and well-regulated by the Tier-2 Capital Markets Authority (CMA).


Pepperstone Client Fund Security and Safety Features

👉 Under international and local licenses, Pepperstone must adhere to high capital requirements, adopt, and adhere to strong internal processes. This includes:

➡️ Client money protection

➡️ Risk management

➡️ Anti-money laundering (AML)

➡️ Know Your Customer (KYC)

➡️ Overall Training

➡️ Conduct

➡️ Accounting

➡️ External Audits


👉 The cash belonging to Pepperstone’s customers is kept in separate bank accounts as part of the company’s commitment to providing the highest level of security possible for those customers’ money.


👉 In addition, Pepperstone is extremely proud of the superb regulatory and compliance culture that it has established.

Pepperstone Account Types and Features

Pepperstone Review Account Types Uganda

👉 Pepperstone’s two dynamic retail account types for customers in Uganda are the Standard Account and the Razor Account.


👉 The Professional Account, however, is reserved for Namibian traders with extensive trading experience. Both retail accounts were established to meet the requirements and achieve the objectives of a diverse group of traders.


👉In addition, Uganda traders can open an unlimited demo account, which can be used to practice trading and test trading strategies in a risk-free environment for an additional 30 days after registration.


👉 Pepperstone also provides Muslim traders with the opportunity to convert their live trading account into an Islamic Account. This is done to ensure that Muslims have access to global markets.


Pepperstone Live Trading Accounts

Standard Account

👉 The Standard account is the most suitable option for most Uganda traders, especially beginners and those who transact an average trading volume.

Pepperstone Review Standard Account Uganda

Account FeatureValue
💰 Minimum Deposit510,000 UGX or an equivalent to AU$200
💸 Minimum Trading Size0.01 lots
📉 Maximum Trading Size100 lots in a single trade
💰 Base Account CurrencyAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
💵 Trading Strategies SupportedAll including scalping, hedging, and Expert Advisors (EAs)
🗞 News Trading Offered?Yes
✔️ Trade ExecutionNo-Dealing Desk (NDD)
📊 Average EUR/USD SpreadFrom 0.6 pips
💵 CommissionsNone
💰 Rollover SwapsYes, according to the market rates
📊 Maximum Leverage per region• Australia – 1:30
• Bahamas – 1:200
• Cyprus – 1:30
• Dubai – 1:30
• Germany – 1:30
• Kenya – 1:400
• United Kingdom – 1:30
⚖️ Negative Balance Protection OfferedYes, only for retail clients
🛑 Margin Close-Out (%)50%
🔧 Trading Instruments offered1,200+
💻 Trading Platforms offeredMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade


Razor Account

👉 Scalpers and algorithmic traders in Uganda will find that the spreads on the Razor account are the tightest available in the industry.

Pepperstone Review Razor Account Uganda

Account FeatureValue
💰 Minimum Deposit510,000 UGX or an equivalent to AU$200
💸 Minimum Trading Size0.01 lots
📉 Maximum Trading Size100 lots in a single trade
💰 Base Account CurrencyAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
💵 Trading Strategies SupportedAll including scalping, hedging, and Expert Advisors (EAs)
🗞 News Trading Offered?Yes
✔️ Trade ExecutionNo-Dealing Desk (NDD)
📊 Average EUR/USD SpreadBetween 0.0 pips and 0.3 pips
💵 CommissionsFrom AU$7 round turn on 100,000 traded
💰 Rollover SwapsYes, according to the market rates
📊 Maximum Leverage per region• Australia – 1:30
• Bahamas – 1:200
• Cyprus – 1:30
• Dubai – 1:30
• Germany – 1:30
• Kenya – 1:400
• United Kingdom – 1:30
⚖️ Negative Balance Protection OfferedYes, only for retail clients
🛑 Margin Close-Out (%)50%
🔧 Trading Instruments offered1,200+
💻 Trading Platforms offeredMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade


Professional Account

Pepperstone Review Professional Account Uganda

👉Ugandan traders who have already established a successful track record in the marketplace are rewarded with additional benefits, rewards, and privileges. The following are some of the advantages of having a professional account with Pepperstone:

➡️ The ability to use leverage of up to 1:400 for CMA

➡️ Access to a dedicated Account Manager

➡️Margin close-out of 20% on both MetaTrader 4 and 5

➡️ Margin close-out of 50% while on cTrader and TradingView


👉 To be eligible for the Pepperstone Pro Account, Uganda traders must satisfy the following criteria:

➡️ Uganda traders must display their expertise in the Sophisticated Investor Test by taking a brief online examination.

➡️ A trading record of at least AU$50,000 or at least twenty times per quarter during the preceding four quarters, in addition to relevant experience in the financial industry, is required to qualify for a license to trade leveraged instruments.

➡️ To further meet these requirements, Ugandans must have maintained either a net worth of at least AU$2.5 million or a gross yearly income of at least $250,000 throughout the previous two years.


👉 In addition, when Uganda traders qualify for a professional account, the following safeguards will subsequently be removed:

➡️ Leverage restrictions

➡️ Compulsory margin close-outs

➡️ Negative balance protection

➡️ Retail disclosure information


Pepperstone Base Account Currencies

👉 When Ugandans register a live trading account with Pepperstone, they must note that they can only select from these base currency options:

➡️ AUD

➡️ USD

➡️ JPY


➡️ EUR

➡️ CAD

➡️ CHF

➡️ NZD

➡️ SGD

➡️ HKD


Pepperstone Demo Account

Pepperstone Review Demo Account Uganda

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

👉 There is a certain degree of risk involved when trading financial markets and Pepperstone offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

👉 Pepperstone provides potential traders with unrestricted access to a demo account that may be used to practice trading in real-time. The MT4, MT5, TradingView and cTrader trading platforms each provide a comprehensive range of fully customizable trading tools and features, which new traders may investigate and use to improve their trading success.


Pepperstone Islamic Account

Pepperstone Review Islamic Account Uganda

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

👉 Muslims who carry out trading activities while simultaneously following the Sharia law are the ideal candidates for Pepperstone’s Islamic Account. The law forbids charging any sort of interest, including overnight fees since these are considered exploitive and wasteful.

👉 Muslim traders who are eligible for an Islamic Account with Pepperstone originate from these regions:

➡️ Albania

➡️ Azerbaijan

➡️ Bangladesh

➡️ Burkina Faso

➡️ Bahrain

➡️ Brunei

➡️ Nigeria

➡️ Brunei Darussalam

➡️ Algeria

➡️ Egypt

➡️ Guinea

➡️ Indonesia

➡️ Jordan

➡️ Kyrgyzstan

➡️ Kuwait

➡️ Morocco

➡️ Mauritania, and several other Islamic regions.

How to open an Account with Pepperstone

Pepperstone Review Islamic Account Uganda


👉 To register an account with Pepperstone, Uganda traders can follow these steps:

➡️ When you create a login on the Pepperstone website, you will be prompted to enter your email address and choose a password.

➡️ The second stage is taking the Pepperstone suitability examination. Pepperstone’s customer support will utilize this brief questionnaire to determine if trading CFDs is suitable for you.

➡️ The third stage is identity verification. Pepperstone will want two forms of identification from you. The quickest method to deliver these papers is by simply taking a photo with a mobile phone.

➡️ Uganda traders must upload a primary ID and a picture ID (passport, driver’s license, or ID card) (a bank or utility statement with your full name and address dated in the last three months). Namibians must note that Pepperstone does not accept black-and-white photographs, scanned copies, fuzzy, or damaged identification papers.

➡️ Once your application has been granted, you may log in and deposit funds in the base currency of your choice.

Pepperstone Markets VS CM Trading VS LiteFinance- Broker Comparison

Pepperstone MarketsCM TradingLiteFinance
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• cTrader
• TradingView
• Myfxbook
• DupliTrade
• MetaTrader 4
• CM Trading Web
• CopyKat
• Expert Advisors
• Trading Apps
• MetaTrader 4
• MetaTrader 5
• LiteFinance Mobile App
💰 Withdrawal FeeNoYesNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit510,000 UGX394,000 UGX
193,741 UGX

📈 Leverage1:400

📊 SpreadVariable, from 0.0 pipsFixed, from 0.9 pips0.0 pips
💰 CommissionsFrom AU$7

NoneFrom $0.25 per lot on Oil

✴️ Margin Call/Stop-Out90%/20%

From 20%

✴️ Order ExecutionMarketMarketMarket
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoNoNo
📈 Account Types• Standard Account
• Razor Account
• Bronze Account
• Silver Account
• Gold Account
• Premium Account
• ECN Account
• Classic Account
⚖️ CMA RegulationYesNoNo
💳 UGX DepositsNoNoNo
📊 UGX AccountNoNoNo
👥 Customer Service Hours24/524/524/5
📊 Retail Investor Accounts242
☪️ Islamic AccountYesYesYes

Overall Rating

Min Deposit

USD 200 / 735,164 UGX



Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradeView


Yes (Not available in Africa)

Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

on Pepperstone’s website

Pepperstone Trading Platforms

Pepperstone Review Trading Platforms Uganda

👉 Pepperstone provides a vast array of online trading platforms, including the famous MetaTrader 4 for Windows, Mac, and mobile devices.


👉 In addition, Pepperstone provides TradingView, Myfxbook, DupliTrade, cTrader, WebTrader, and iPhone/Android mobile applications for trading the markets from anywhere, with dependable platforms and lightning-fast execution rates.


👉 You can undertake in-depth market research and trade more effectively with the assistance of Pepperstone’s advanced trading platforms, which are offered at no cost to customers. These platforms include tools that mimic those used by industry professionals.


👉 In addition, Namibians can use these user-friendly programs for everything from the most fundamental trading to the most intricate market analysis, regardless of whether you are just starting or are a seasoned trader.


👉 It does not matter what kind of trader you are; they may be completely adapted to your preferences and requirements. Pepperstone offers Namibian traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ cTrader

➡️ TradingView

➡️ Myfxbook

➡️ DupliTrade


Desktop Platforms

Pepperstone Review Desktop Platforms Uganda

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ cTrader


MetaTrader 4

👉 MT4 is without a doubt the most popular trading platform in the world, and it is used by millions of traders with varying degrees of expertise all over the world.

👉 The Russian software firm MetaQuotes is responsible for developing it, and it is well-known for its intuitive interface. While there are dozens of free trading tools and technical indicators accessible online, MT4 comes equipped with a vast selection of them already incorporated.


MetaTrader 5

👉 The MT5 trading platform is an upgraded version of the MT4 platform that keeps the majority of MT4’s capabilities while adding new ones and expanding its capability.

👉 Despite this, a substantial number of traders continue to use MT4 owing to its user-friendliness and the wide variety of add-ons that have already been created and are readily accessible.



👉 Professional online trading is available via cTrader, which has an easy trading platform design that mimics the atmosphere of an institutional trading environment.

👉 Because of its straightforward and uncomplicated user interface, it is also an excellent choice for those who are just beginning their careers. If this is essential to you, it also offers more advanced automated functions that you may make use of.


WebTrader Platforms

Pepperstone Review WebTrader Platforms Uganda

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ cTrader

➡️ TradingView

➡️ Myfxbook

➡️ DupliTrade

MetaTrader 4

👉 If you are simply a casual trader looking for a fast and straightforward way to enter the markets, you should find that MT4 is more than enough to meet your needs. That platform provides superior features and capabilities to both beginner and professional Uganda traders.

👉 Additionally, if you wish to extend the capabilities of the platform beyond the defaults, you may discover many tools to help you do so in the MQL marketplace. With MT4, you can:

➡️ Obtain bid/ask prices in real-time from the market watch window in the terminal

➡️ Access three chart types with nine different timeframes

➡️ Access several markets, pending, and limit order

➡️Customize charts and indicators

➡️ Develop and employ various automated trading strategies, also known as Expert Advisors, that can be developed in MQL5


MetaTrader 5

👉 The MT5 trading platform is an upgraded version of the MT4 platform that keeps the majority of MT4’s capabilities while adding new ones and expanding its capability.

👉 The MT5 platform allows users to adopt hedging methods, which makes it possible to establish many positions at the same time. This is done primarily to cut down on risk. Forex traders consistently make use of this feature.



👉 cTrader is neat and appealing to the eye. It also has an uncomplicated design that is quite straightforward to use. The designers have put in a lot of work to make sure that every aspect of the platform is easy to understand and use.

👉 Additionally, cTrader has some of the following unique features:

➡️ cTrader caters for both beginner and professional traders

➡️ Traders can easily control slippage and their order fills by using cTrader features

➡️ Traders can access FIX API and can code in C# using cTrader Automate

➡️ There are several customizable charting options

➡️ There are adjustable session times

➡️ There is a comprehensive depth of market function offered

➡️ Traders also have access to cTrader algo, social and copy trading, and cloud-hosted profiles



👉 TradingView was recently introduced to the collection of trading tools offered by Pepperstone. TradingView is offered at no cost to traders who register for a real account with the platform.

👉 It is an especially useful device for investigating, charting, and screening any kind of equipment. TradingView, a product offered by Pepperstone, also includes the following additional features:

➡️ 50+ clever charting tools

➡️ Over 100,000 individualized, user-built indicators and scripts

➡️ A layout that is synchronized across several charts



👉 Myfxbook AutoTrade is a service that mirrors your trading account and lets you mimic the trades of the most successful forex trading systems out there. Make your own investments without having to pay any performance or management fees by building your own portfolio.

👉 Even better, since AutoTrade operates on its own dedicated servers, you do not need to install any software on your end to use it.



👉 Pepperstone allows its customers to diversify their assets via the use of DupliTrade, a prominent trading technique marketplace that enables automated trading.

👉 You can easily expand your trading skills and get a fundamental comprehension of how professionals trade by using DupliTrade’s signals, which are generated by expert traders.


Trading App

Pepperstone Review Trading App Uganda

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ cTrader


MetaTrader 4

👉 If you are looking for a forex trading program that can assist you in developing your trading skills, there is no better option than MT4.

👉 This platform does not simply contain the greatest analytical tools available on the market; in addition to that, it collaborates with hundreds of brokers and provides excellent tools for first-time traders, such as copy trading and demo accounts.


MetaTrader 5

👉 Mobile trading with MetaTrader 5 for Android enables you to access the Foreign Exchange (Forex) and Stock Exchange (Exchange) markets from your smartphone or tablet in a convenient manner.

👉 You can easily access your Pepperstone account from anywhere in the world, which enables you to do tasks such as analysing quotations of currencies, stocks, and other exchange instruments and carrying out trading operations.



👉 The mobile version of the cTrader trading platform is the solution to the issue of whether it is feasible to begin trading on smartphones without reducing the functionality of the platform to a bare minimum.

👉 Not only is the cTrader mobile platform attractively better than its rivals, but it also offers greater functionality. Users may also rely on very user-friendly controls and an impressive assortment of features.


Pepperstone Range of Markets

👉 Uganda traders can expect the following range of markets traded as CFDs from Pepperstone:

➡️ Forex

➡️ Cryptocurrencies (Not offered in Africa)

➡️ Shares

➡️ ETFs

➡️ Indices

➡️ Commodities

➡️ Currency Indices

Broker Comparison for Range of Markets

Pepperstone MarketsCM TradingLiteFinance
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsYesNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksNoYesYes
➡️️​ CryptocurrencyNoYesYes
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoNoNo

Overall Rating

Min Deposit

USD 200 / 735,164 UGX



Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradeView


Yes (Not available in Africa)

Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

on Pepperstone’s website

Pepperstone Trading and Non-Trading Fees


Pepperstone Review Spreads Uganda


👉 The spreads that traders can expect from Pepperstone will depend on the account type that traders choose. The Standard Account offered by Pepperstone features a variable spread with a mark-up, ensuring that there are no commission charges on this account.


👉 However, with the Razor Account, traders can expect spreads from 0.0 pips on EUR/USD, which is why this account is perfect for scalpers and other traders who need tight spreads for their unique trading strategies.


👉 In addition, the Islamic Account that is offered to certain regions exempts traders from overnight fees, which is why the spreads on this account are much higher as it allows for Pepperstone to take a broker fee for facilitating the trade.


👉 The typical spreads that Namibians can expect from Pepperstone are as follows:

➡️ Standard Account – from 0.6 pips EUR/USD

➡️ Razor Account – between 0.0 pips and 0.3 pips EUR/USD

➡️ Islamic Account Option – from between 1 pip and 1.2 pips EUR/USD



Pepperstone Review Commissions Uganda


👉 The Standard Account that is offered by Pepperstone is commission-free, as is the Islamic Account Option. These accounts have a mark-up that is added to the spread, and which covers the broker’s fee.


👉 However, the Razor Account offers zero-pip spreads and is therefore subject to a commission fee from AU$7 per round turn on every 100,000 of the base currency traded.


Overnight Fees, Rollovers, or Swaps

Pepperstone Review Swap Rates Uganda


👉 Weekly, the financial institutions of Pepperstone issue swap rates based on risk management and market circumstances. This worldwide investment bank provides Pepperstone with tom next rates. These are regularly revised to reflect the dynamic nature of the tom next market.


👉 Overnight financing is a fee for holding a position in stocks, commodities, cryptocurrencies, metals, or index markets, as well as a swap for FX holdings held beyond rollover. Traders should note that there is a triple swap on CFD Equities and Indices applied every Friday, which will account for positions that are held over the weekend.


👉 Muslim traders who use the Islamic Account offered by Pepperstone must note that there are administration fees charged every 10 days that they hold a position open.


Deposit and Withdrawal Fees

👉 Pepperstone does not charge any deposit or withdrawal fees for most traders despite their country of residence. However, if traders use International Telegraphic Transfer (TT), they will be subject to a fee of AU$20.


Inactivity Fees

👉 Pepperstone does not charge any inactivity fees on inactive accounts.


Currency Conversion Fees

👉 When Uganda traders deposit or withdraw funds to or from their Pepperstone accounts in any currency other than the base currency that they selected, they could be subject to currency conversion fees.


Other Fees

👉 To be eligible for the Islamic Account, traders must provide evidence of domicile together with their application. This will indicate to regional traders that they qualify for a swap-free account. Traders who use the Islamic Account should note that this account type incurs administrative fees.


👉 The additional admin fee that Islamic traders can expect are as follows:

➡️ Cryptocurrencies (Professional Account Only), commodities, equities – 1.5 USD

➡️ Index Markets – 10 USD

➡️ SpotCrude and SpotBrent – 20 USD

➡️ Forex, precious metals on the retail account – 50 USD

➡️ Only on the professional account – Crypto10, Crypto20, and Crypto30 – 50 USD

➡️ BTC/USD (Professional Account Only) – 125 USD

➡️ GER40, FRA40, JPN225, CN50, ETH/USD (Professional Account Only) – 12 USD

➡️ US30 – 30 USD

Pepperstone Deposits and Withdrawals

Pepperstone Review Deposits And Withdrawals Uganda

👉 Pepperstone offers the following deposit and withdrawal methods:

➡️ Visa

➡️ Mastercard

➡️ Bank transfer


➡️ Paypal


How to Deposit Funds with Pepperstone

Pepperstone Review How to Deposit Funds Uganda

👉 To deposit funds to an account with Pepperstone, Uganda traders can follow these steps:

➡️ Uganda traders may fund their trading accounts by logging into their secure Client Area and selecting the “Add Funds” option under the “Funds” menu.

➡️ After selecting the account they want to fund, traders will be presented with a variety of deposit choices.

➡️ Uganda traders can choose their chosen deposit method, keeping in mind that it will also be used for withdrawals, indicate the deposit amount, and currency, and complete the transaction.


Pepperstone Fund Withdrawal Process

Pepperstone Review How to Withdraw Funds Uganda

👉 To withdraw funds from an account with Pepperstone, Uganda traders can follow these steps:

➡️ Traders from Uganda who have an account with Pepperstone can easily access their money by logging in to the protected Client Area on the website or trading platform and clicking the “Funds” button.

➡️ Traders can select the “Withdraw Funds” and they will be presented with a selection of available withdrawal options.

➡️ Traders from Uganda must confirm their withdrawal request within an hour of submitting it by clicking on the link labelled “Accept Withdrawal” that is included in the withdrawal email that traders will receive.

➡️ During the last step of the withdrawal procedure, Namibian traders who have already set up their 2-Factor Authentication (2FA) can confirm the withdrawal by entering the code from their Authenticator app.

Pepperstone Education and Research

Pepperstone Review Eduaction And Research Uganda



👉 Pepperstone offers the following Educational Materials:

➡️ Learn to Trade CFDs

➡️ Learn to Trade Forex

➡️ Learn to Trade Crypto

➡️ Learn to Trade Shares

➡️ Trading Guides

➡️ Webinars


👉 Pepperstone offers Uganda traders the following Research and Trading Tools:

➡️ Market Analysis

➡️ Smart Trader Tools for MetaTrader

➡️ cTrader Automate

➡️ AutoChartist

➡️ API Trading

➡️ Economic Calendar

➡️ Meet the Pepperstone Markets analysts

Pepperstone Bonuses and Promotions

👉 Pepperstone offers Uganda traders the following bonuses and promotions:

➡️ Referral bonus for Professional clients

➡️ Referral bonus for Retail traders

How to open an Affiliate Account with Pepperstone

Pepperstone Review Affiliate Program Uganda


👉 To register an Affiliate Account, Ugandans can follow these steps:

➡️ Visit the Pepperstone website and navigate to the top of the webpage to “Partners.”

➡️ Prospective affiliates can click on “Find out more” under affiliates to be redirected to the relevant page.

➡️ Prospective affiliates can read through the information and select “Start Earning Today” to get started.

➡️ Prospective affiliates can complete the application form and submit it to the Pepperstone team for review.

➡️ Once accepted, new affiliates can start accessing Pepperstone’s comprehensive affiliate materials, tracking links, and marketing material.

➡️ From here, affiliates can start referring people and expect payment within 30 days for every successful referral to the Pepperstone website.


Pepperstone Affiliate Program Features

👉 The excellent referral program provided by Pepperstone enables partners to expand their businesses by making use of the comprehensive collection of resources and tools made available by the broker.


👉 Affiliates may earn up to $1,300 in CPA with Pepperstone, and one of the benefits of partnering with the company is access to 24/7 real-time reporting.


👉 Pepperstone has a multi-tiered and adaptable CPA framework, which offers support to a broad variety of affiliate setups. This structure is one of the reasons why Pepperstone is so successful.


👉 In addition, the Affiliate Program is great for those who have a substantial following on social media or for anybody else who has huge audiences online.


Pepperstone Customer Support

👉 If you want assistance with technical or account-related problems, Pepperstone’s award-winning customer care is accessible 24 hours a day, 5 days a week over several communication channels.


Pepperstone Corporate Social Responsibility

👉 There is an increasing focus on climate change by leading countries from around the world, organizations, and the United Nations. As a globally-recognized broker, Pepperstone aims to be at the forefront of this movement.


👉 To show its commitment to the environment and CSR, Pepperstone is committed to becoming a Carbon Neutral organization by the end of 2023, and to subsequently set the challenge for all forex and CFD brokers in the industry to do the same.


👉 Pepperstone’s dedication includes the voice and support of workers, the board of directors, shareholders, and the communities in which they live and operate.


👉 Pepperstone has hired Pangolin Associates, a carbon management and sustainability consultant with accreditations in Australia and the United Kingdom, to assess where the company is now and what needs to be done.


👉 Pepperstone will continue to discuss and offer updates on its Carbon Neutral journey, as well as collect input to produce ecologically friendly goods.

Verdict on Pepperstone

👉 As a registered broker, Pepperstone gets high marks for providing traders with a dependable trading platform. One of Pepperstone’s best features refers to its deal execution, which began at 50 milliseconds latency and was instantly settled without any interruptions, rejections, or re-quotes.


👉 A wide variety of platforms are available to meet the needs of investors and traders of all kinds. Third-party, white-labelled platforms are used instead of Pepperstone’s own proprietary interface.


👉 In the “Learn To Trade Forex” section, Pepperstone’s website offers a wealth of free training materials, including video lessons, a library of recorded webinars, and an extensive library of trading books.

Pepperstone Pros and Cons

✔️ Pros❌ Cons
Pepperstone is well-regulated by Tier-1, Tier-2, and Tier-3 market regulators around the globeThere is no UGX-denominated account, subjecting Ugandans to currency conversion fees whenever they deposit or withdraw funds
Pepperstone guarantees client fund security and keeps all funds in accounts that are held with some of the best banksThere are admin fees applied to the Islamic account
Pepperstone offers Ugandans comprehensive trading solutions that are suited to both beginners and expertsThe Islamic account is not offered to Muslims globally but only a select few regions
Pepperstone offers a demo account across trading platformsThere are leverage restrictions per region and financial instrument
An Islamic account is offered to eligible regionsThere is an additional admin fee that applies to the Islamic Account
There are reliable and flexible deposit and withdrawal options offered
There are no fees applied to either deposit or withdrawal options that are offered by Pepperstone
There is a comprehensive educational section offered to Ugandan beginner traders

Overall Rating

Min Deposit

USD 200 / 735,164 UGX



Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradeView


Yes (Not available in Africa)

Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

on Pepperstone’s website

Frequently Asked Questions

Is Pepperstone regulated?

Yes, Pepperstone is regulated in the Bahamas, United Kingdom, Australia, Cyprus, Kenya, Dubai, and Germany.


What is the withdrawal time for Pepperstone?

Withdrawal times are often much longer than deposit times, unlike certain deposit choices. The arrival of your money will often take at least one business day, but more frequently may take several business days.


How do I withdraw from Pepperstone?

After you have successfully logged in to your protected client area, go to the “Funds” page. To see all your available withdrawal choices, choose the “Withdraw Funds” tab.


You have one hour from the time the withdrawal confirmation email is sent to click on the link labelled “Accept Withdrawal” to validate the withdrawal request and complete the process.


How much does Pepperstone charge for withdrawal?

Most withdrawal options are free with Pepperstone unless you use Telegraphic Transfer (TT) outside Australia. In this case, you will pay an AU$20 fee.


Who founded Pepperstone?

Pepperstone was founded by Owen Kerr.


Does Pepperstone use PayPal?

Yes, PayPal is an acceptable deposit and withdrawal method with Pepperstone.


Does Pepperstone have Nasdaq?

Yes, Nasdaq is a part of Pepperstone’s product portfolio under NAS100, which can be traded as contracts for difference (CFD) on indices.


Does Pepperstone have Volatility 75?

Yes, Pepperstone has Volatility 75 available as part of its comprehensive product portfolio under “VIX.”


Is Pepperstone safe or a scam?

Pepperstone is a safe broker that is well-regulated, has a good reputation, and features a stellar history of good service.


👉 Now it is your turn to participate:

➡️ Do you have any prior experience with Pepperstone?

➡️ What was the determining factor in your decision to engage with Pepperstone?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with Pepperstone such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?


👉 Regardless, please share your thoughts in the comments below.



👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

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