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Pepperstone Group Limited
IndustryFinancial services
Founded2010 (2010)
FounderOwen Kerr (Co-founder & Director)
Joe Davenport (Co-founder & Director)
Key people
Tamas Szabo Group CEO Fiona Lock Group Director
Servicescurrency trading, foreign exchange
Number of employees

Pepperstone is an Australian online retail foreign exchange broker specializing in foreign exchange ("forex") trading. The company is headquartered in Melbourne, Australia. It provides forex trading on more than 72 currency pairs, metals, commodities, and crypto currency CFD's.[1][2][3]


Pepperstone was founded in 2010 by CEO Owen Kerr and director Joe Davenport.[4][5]

In 2013, Pepperstone helped the Australian Securities and Investments Commission and Australian Federal Police uncover Australia's largest insider trading case in history.[6] Another media report claimed that a senior employee was sacked after tipping off the regulator.[7]

In 2014 , the firm was ranked #1 on BRW Fast Starters, with reported revenues of $60m and 66% growth.[8]

In October 2014, Pepperstone ceased accepting Japanese clients after an inquiry by ASIC regarding the lack of a license from the Japanese Financial Services Agency.[9]

In March 2016 Pepperstone announced it had finalised the sale of most of its business to Champ Private Equity.[10]

In February 2017, to comply with its FCA obligations, the firm temporarily closed down their UK operations.[11]

Services and operation[edit]

Pepperstone is an online forex and CFD broker and maintains an interbank network utilizing Equinix. Pepperstone utilizes various third-party currency trading tools and infrastructure, including MetaTrader 4 and 5 and Zoho CRM.[1][12] In common with many MT4 brokers, the company offers the MT4 percent allocation management module (PAMM) tool for money managers.[13][14]

In August 2012, the company announced the launch of its EDGE FX trading platform as an alternative to its MT4 platform.[15]

Pepperstone offers a standard account type, oriented towards "normal" traders, and a Razor account for more advanced and Expert Advisor (EA) algorithmic traders, with tighter spreads.[16]

Regulation and protection[edit]

Services are offered from two different legal entities:

  1. Pepperstone Limited serves clients from the United Kingdom and from EEA countries. This company is regulated by the FCA and as a result offers FSCS protection of up to £50,000 per person.[17]
  2. Pepperstone Group Limited serves clients from outside the United Kingdom and EEA countries and it is regulated by AFSL.[18]


  1. ^ a b "MetaTrader 4". Pepperstone. Retrieved 25 January 2012.
  2. ^ "Pepperstone Financial Pty Ltd Forex Broker Information". Retrieved 30 January 2012.
  3. ^ "Available Instruments". Pepperstone. Retrieved 11 July 2019.
  4. ^ Mote, Christopher (22 September 2011). "Owen Kerr, 2011 Anthill 30under30 Winner". Anthill. Retrieved 25 January 2012.
  5. ^ "Pepperstone Financial Pty Ltd". Australian Securities & Investments Commission. 12 January 2010. Retrieved 4 February 2012.
  6. ^ Durkin, Patrick (11 May 2014). "Alleged insider trading case cracked through LinkedIn". The Sydney Morning Herald. Retrieved 16 December 2014.
  7. ^ Jefferson, Andrew (26 August 2014). "Employer won't back down over insider trading sacking". The Herald Sun.
  8. ^ "Fast Starters 2014". BRW. Retrieved 17 December 2014.
  9. ^ "14-267MR ASIC concerns see Pepperstone exit the Japanese market". ASIC. 13 October 2014. Retrieved 13 June 2015.
  10. ^ "Pepperstone finalises deal with Champ". The Australian. 3 March 2016. Retrieved 10 May 2017.
  11. ^ "Pepperstone suspends Forex trading in the UK – LeapRate Exclusive". LeapRate. 28 February 2017. Retrieved 10 May 2017.
  12. ^ R., Sharanya (1 April 2011). "[Case Study] Pepperstone Financial uses Zoho CRM API for Optimizing Lead Conversions". Zoho. Retrieved 8 February 2012.
  13. ^ "Pepperstone Floats Tool For FX Traders". Institutional Investor. 18 February 2011. Retrieved 13 February 2012.
  14. ^ "Pepperstone Launches Multi Account Manager (MAM) Tool for Professional Traders of Multiple Forex Accounts". Yahoo! News. 18 February 2011. Retrieved 13 February 2012.
  15. ^ "Pepperstone - Australia's Largest FX Broker Launches EDGE Trading Environment". Yahoo! News. 16 August 2012. Retrieved 11 September 2012.
  16. ^ "Pepperstone Razor Forex Trading Account (SMART 100)". Anthill Magazine. 24 May 2012. Retrieved 9 June 2012.
  17. ^ "FCA Pepperstone Limited". ASIC. Retrieved 11 July 2019.
  18. ^ "ASIC Pepperstone Group Limited". ASIC. Retrieved 11 July 2019.