Yes, in the regulatory sense: UK clients open accounts with Pepperstone Limited, a London company authorised and regulated by the FCA (firm reference 684312), which keeps client money in segregated accounts at tier-1 banks, gives retail clients negative balance protection and is covered by the FSCS up to £85,000. Safe from regulation is not safe from losses, though: Pepperstone itself discloses that 73.6% of its UK retail accounts lose money.
Short answer: Pepperstone UK is an FCA-authorised firm with strong client-money protections; the risk you carry is the leveraged product, not the firm.
Entity: Pepperstone Limited, company 08965105, 4th Floor, 27 Old Jewry, London EC2R 8DQ, FCA firm reference 684312.
Client money is held separately from Pepperstone's own funds at tier-one banks and cannot be used for its business.
If the firm failed, segregated funds would be returned after administration costs, with any eligible shortfall covered by the FSCS up to £85,000.
Accounts: spread betting, Standard CFD and Razor CFD, funded from £10 by card, Apple Pay or Google Pay.
What it does not offer UK retail clients: guaranteed stops, crypto CFDs, share dealing or ISAs, and a swap-free account.
How to check it yourself in five minutes
Search 684312 on the FCA register and confirm the firm name, Pepperstone Limited, and its permissions. Compare the website listed there with the address in your browser, because the FCA warns about cloned firms that copy a real firm's name and number.
Then read the account documents you sign: they should name Pepperstone Limited, not another group company. Turn on two-factor authentication in the client area, and only deposit through the secure client area, never through a link sent by someone who contacted you.
Honest limits for UK clients
Pepperstone does not offer guaranteed stop-loss orders, so in a gap your stop fills at the next available price. Crypto CFDs are available only to professional clients, because the FCA bans them for retail. There is no share dealing account or ISA, so it is not a place for long-term investing. Its UK accounts all charge overnight funding; we found no swap-free option on its UK site.
MT4 and TradingView are not available on the Standard CFD account, only on Razor and spread betting accounts. And like every leveraged provider, it reports that most retail accounts lose money.
FCA-authorised in London
Pepperstone Limited (FCA 684312) segregates client money, offers retail negative balance protection and FSCS cover, and has a London support team.
65% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Pepperstone, Capital.com and XS are our partners. We may earn a commission if you open an account through our links. That does not change the facts on this page.
Your questions, answered
Is Pepperstone regulated by the FCA?
Yes. Pepperstone Limited is authorised and regulated by the Financial Conduct Authority under firm registration number 684312, and is registered in England and Wales under company number 08965105. That is the company UK residents contract with through pepperstone.com/en-gb. The wider Pepperstone group also holds licences in other countries, but those do not govern a UK account.
Does Pepperstone offer spread betting in the UK?
Yes. Pepperstone offers a dedicated spread betting account to UK residents, staked in pounds per point, with no commission and costs built into the spread. Spread betting works on all five of its platforms, including MT4 and TradingView, and covers about 1,432 markets. Pepperstone states that, in the UK, spread betting profits are currently exempt from capital gains tax, depending on your circumstances.
Is Pepperstone good for beginners?
It can be, with the right account. Pepperstone describes its Standard account as a straightforward fee structure for newer traders, and you can start with £10 after practising on a free demo with virtual funds. The main gap for beginners is that it offers no guaranteed stops, so a beginner must use small sizes and normal stop-losses, which can slip in a gap. Its 24-hour weekday support and trading guides help when you are learning.
What trading platforms does Pepperstone offer in the UK?
Five: the Pepperstone web platform and mobile app, MetaTrader 4, MetaTrader 5, cTrader and TradingView. The spread betting and Razor accounts work on all five; the Standard CFD account works on the Pepperstone platform, MT5 and cTrader. You can hold up to 10 live accounts, each on a different platform if you wish.
What are Pepperstone's spreads on EUR/USD?
Pepperstone's UK fees table lists minimum EUR/USD spreads of 0.0 on the Razor account (plus commission of £2.25 per lot per side in a GBP account), 1.0 on the Standard account and 0.5 on spread bets. Those are minimums seen in the most liquid hours; the live spread varies with market conditions and is shown on the platform. The Standard figure includes Pepperstone's 1-point mark-up.
What is the minimum deposit for a Pepperstone account in the UK?
£10. Pepperstone's UK site sets a £10 minimum for card, Apple Pay and Google Pay deposits on all three account types. That is the sterling version of the $10 minimum shown on its other sites. Card and wallet deposits arrive immediately; bank transfers can take longer.
What is the difference between a Pepperstone Razor and Standard account?
Both have the same markets and execution. Razor charges raw spreads from 0.0 on forex and 0.08 on spot gold plus a fixed commission from £2.25 per lot per side, while Standard has no commission and builds a 1-point mark-up into the forex spread. On indices, oil and most commodities the two are priced the same. Razor also unlocks MT4 and TradingView for CFDs; you can hold both and switch.
How long do Pepperstone withdrawals take in the UK?
Pepperstone's UK withdrawal table shows same day to one working day for cards, Apple Pay and Google Pay, and same day to three working days for domestic bank transfers; its FAQ allows up to seven working days for bank transfers, and international transfers can take longer. You approve each request by email or 2FA within an hour. Withdrawals go back only to the card or bank account in your name that you paid from, and requests at weekends are processed on the next working day.
Does Pepperstone charge overnight financing on spread bets?
Yes, on spot spread bets held past 10pm UK time, Pepperstone applies an overnight funding adjustment that depends on the market and whether you are long or short. You can see the current rates in the product details or deal ticket. Forward spread bets, available on major indices, gold, silver and oil, have no overnight charge because the cost is included in their wider spread.
Published 2026-10-21. Informational only, not investment advice. CFDs are leveraged products and most retail accounts lose money.
FCA-authorised in London
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