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Pepperstone in Pakistan — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
Key facts (6 facts)
- Onboarding entity
- Pepperstone Markets Ltd
- Founded
- 2010
- Retail leverage
- 200PK
- Round turn
- 8 USDPK
- Currencies
- 10 base currencies (AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD); no PKR account - deposits must be in USD or other majors.
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with PepperstoneThe broker's own website. Not a partner link — we earn nothing from it.
Taxes for a Pakistani resident(1 rule)
- Forex/derivatives trading profit for residents is generally taxed as income;https://pepperstone.com/en
Not tax advice. Check with the Federal Board of Revenue.
Who actually onboards you
- Entity that onboards Pakistan residents
- Pepperstone Markets Ltd
- Local standing
- Offshore (SCB Bahamas); legal grey area - SECP permits local FX only through Pakistani institutions, and there is no local investor protection for offshore accounts.
- Licence as the register states it
- Pepperstone Markets Ltd holds SCB (Bahamas) Licence No. SIA-F217; the SECP does not regulate foreign forex brokers, so Pepperstone has no local Pakistani licence.
- Leverage for this entity
- Up to 1:200 on forex for retail under the SCB entity; not capped by a local Pakistani regulator.
- The firm behind it
- Founded 2010 in Melbourne, Australia; large ECN/STP forex and CFD broker with global offices.
- What we hold against it
- Offshore SCB entity, no SECP oversight; legal grey area for Pakistani residents and no local recourse.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Pakistani residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore (SCB Bahamas); legal grey area - SECP permits local FX only through Pakistani institutions, and there is no local investor protection for offshore accounts.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Pakistan market median(priced from 36 of 62)
Medians run over the 36 of 62 brokers that publish a price for Pakistan, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard (spread-only, no commission), Razor (raw-spread ECN + commission from ~USD 3.50/lot per side), no minimum deposit (USD 200 recommended). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 0 local rails)
Visa/Mastercard, Skrill, Neteller and international bank transfer;
- Visa
- Mastercard
- Skrill
- Neteller
- International bank transfer
- Account currency
- 10 base currencies (AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD); no PKR account - deposits must be in USD or other majors.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(11 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(10 platforms)
- MT4
- MT5
- cTrader
- TradingView
- Pepperstone's proprietary TradingView-powered platform
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1.1 |
| MT5 | — | 1.1 |
| cTrader | — | 1.1 |
| TradingView | — | 1.1 |
| Pepperstone's proprietary TradingView-powered platform | — | 1.1 |
| Forex pairs | 93 | — |
| Shares | 1162 | — |
| Indices | 26 | — |
| Commodities | 40 | — |
| Crypto | 31 | — |
114 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 108 more.
Identical for every row: Leverage 200 PK.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.4 | 5, 434 |
Share of reviewers in Pakistan: — The platform does not publish it.
Pros and cons(4 for and 4 against, each tied to a figure on this page)
- Withdrawal in 24 h, one of 46 of 62 brokers here that publish a time
- Swap-free account available
- Round-turn cost 85 of 100, its strongest of 6 scored axes
- 5 platforms: MT4, MT5, cTrader, TradingView
- Round turn 8 USD on the raw + commission basis, over the Pakistan median 7
- No Pakistan authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 10 USD, over the Pakistan median 7.5
- Safety 10 of 100, its weakest of 6 scored axes
Where Pepperstone sits in the Pakistan base(62 brokers)
Round-turn cost, USD (36 of 62 priced)
Median 7 USD · range 3-19 · this broker 8 USD · 26 of 62 brokers do not publish it
Minimum deposit, USD (16 of 62 priced)
Median 7.5 USD · range 0-237.2 · this broker 10 USD · 46 of 62 brokers do not publish it
Retail leverage (34 of 62 with a Pakistan figure)
Median 1:750 · range 50-5000 · this broker 1:200 · 28 of 62 brokers do not publish it
Withdrawal time published (62 brokers)
Alternatives in Pakistan(5 of 62 scored in Pakistan)
- Round turn, USD
- 6PK
- Min deposit, USD
- 0PK
- Leverage
- 500PK
- Rank in this country
- #6
- Round turn, USD
- 7PK
- Min deposit, USD
- 0 groupPK
- Leverage
- 500PK
- Rank in this country
- #15
- Round turn, USD
- 9PK
- Min deposit, USD
- 10 groupPK
- Leverage
- 3000PK
- Rank in this country
- #16
- Round turn, USD
- 9PK
- Min deposit, USD
- 10PK
- Leverage
- 500PK
- Rank in this country
- #33
- Round turn, USD
- 6.5PK
- Min deposit, USD
- 100PK
- Leverage
- 500PK
- Rank in this country
- #1
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Pakistan score. Full methodology
| Axis | Weight | What is measured | Pepperstone |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 70 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 85 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 80 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 70 |
FAQ
- Does Pepperstone accept residents of Pakistan?
- No. Offshore (SCB Bahamas); legal grey area - SECP permits local FX only through Pakistani institutions, and there is no local investor protection for offshore accounts. Onboarding entity: Pepperstone Markets Ltd
- Is Pepperstone licensed to serve clients in Pakistan?
- Pepperstone Markets Ltd holds SCB (Bahamas) Licence No. SIA-F217; the SECP does not regulate foreign forex brokers, so Pepperstone has no local Pakistani licence. Checked on 09.07.2026.
- How much does one round turn cost at Pepperstone?
- About 8.0 USD per standard lot on EUR/USD. The median across brokers measured for Pakistan is 7.0 USD.
- What leverage does Pepperstone offer to retail clients in Pakistan?
- Up to 1:200. Up to 1:200 on forex for retail under the SCB entity; not capped by a local Pakistani regulator.
- Which trading platforms does Pepperstone support?
- MT4, MT5, cTrader, TradingView, Pepperstone's proprietary TradingView-powered platform. Instruments: 1,200+ instruments: 90+ forex pairs, indices, commodities/metals, share CFDs, ETFs and crypto CFDs.
- How can I withdraw money from Pepperstone in Pakistan?
- Visa/Mastercard, Skrill, Neteller and international bank transfer; PKR is not supported directly at review.
- What account types does Pepperstone offer?
- Standard (spread-only, no commission) and Razor (raw-spread ECN + commission from ~USD 3.50/lot per side); no minimum deposit (USD 200 recommended).
- Does Pepperstone offer a swap-free (Islamic) account?
- Yes. Pepperstone offers a swap-free (Islamic) account to Pakistan residents.
Cost calculator (median of 36 priced of 62)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a PKR conversion because the exchange rate is not part of our data.