Is Pepperstone regulated in Singapore?

Key takeaways

Entity for Singapore: Pepperstone Markets Limited, Bahamas, SIA-F217. No MAS licence.
80% of that entity's retail accounts lose money on CFDs, by its own risk warning.
Razor: from 0.0 pips + $7 round turn; Standard: 1-pip markup, no commission.
SGD is one of six base currencies; minimum deposit $10.
No guaranteed stops; negative balance protection applies.

Does Pepperstone accept clients from Singapore?

Yes. Singapore residents can open an account on pepperstone.com/en, which is run by the Bahamas entity. There is no Singapore-specific site; pepperstone.com/en-sg does not exist.

Is Pepperstone safe to use?

Pepperstone is a large, long-running broker: over 900,000 clients by its own count, licensed by the FCA, ASIC, CySEC, BaFin and DFSA among others, with client money held in segregated accounts at tier-one banks and negative balance protection. For a Singapore resident the safety net is the Bahamas licence, which is weaker than a MAS licence; that is the honest trade-off.

What are Pepperstone's spreads on EUR/USD?

From 0.0 pips on Razor, plus $3.50 per lot per side ($7 round turn), and from 1.0 pip on Standard with no commission. Because Standard adds a 1-pip markup ($10 a lot) where Razor charges $7 round turn, Razor is about $3 per lot cheaper at the same raw spread.

What is the difference between a Pepperstone Razor and Standard account?

Standard builds all costs into the spread (a 1-pip markup on FX) and charges commission only on share CFDs. Razor gives raw FX and spot gold spreads with a fixed commission: $3.50 per lot per side on MT4, MT5 and the Pepperstone platform, $6 round turn on cTrader and $7 on TradingView. TradingView is available on Razor only.

Pepperstone accounts for Singapore residents
	Standard	Razor
EUR/USD	From 1.0 pip, no commission	From 0.0 pips + $7 round turn
Spot gold	Spread only	From 0.08 + commission
Platforms	Pepperstone, MT4, MT5, cTrader	All five, incl. TradingView
Retail leverage (FX)	Up to 1:200	Up to 1:200
Base currencies	AUD, USD, EUR, GBP, SGD, HKD	AUD, USD, EUR, GBP, SGD, HKD

What is the minimum deposit for a Pepperstone account?

There is no obligation to fund, and the minimum top-up is $10 or the SGD equivalent by card, Apple Pay, Google Pay, PayPal, Neteller or Skrill. Bank wire has no minimum; crypto deposits start at $25.

Does Pepperstone offer a free demo account?

Yes, on all five platforms, with unlimited virtual funds. MT4, MT5 and Pepperstone-platform demos expire 60 days after you open them; cTrader and TradingView demos after 90 days without activity. You can hold up to five demos without a live account.

How long do Pepperstone withdrawals take?

Up to one business day to cards, Apple Pay, Google Pay, PayPal, Neteller, Skrill and crypto; up to seven business days by bank transfer. Withdrawals are free except international bank wires, which cost $20.

Does Pepperstone offer SGD-denominated accounts?

Yes. SGD is one of six base currencies on both Standard and Razor. Holding an SGD account avoids converting each deposit, but trades in USD-priced markets are still converted into SGD when profit and loss is booked.

Does Pepperstone offer copy trading?

Yes: CopyTrading by Pepperstone runs on MT4 and MT5, and cTrader Copy on cTrader. You pick a strategy provider, set an allocation and the platform scales their trades to your account; copying does not remove your risk.

Does Pepperstone offer perpetual CFDs?

Yes. Pepperstone's perpetual CFDs have no expiry, trade 24/7 including weekends, and cover gold, oil, major US indices and stocks. They carry a 0.015% commission per side (0.03% on gold and MSTR) and use a weekly funding rate instead of the usual swap.

Is Pepperstone good for trading perpetuals?

For a trader who wants weekend access to gold or the Nasdaq, yes: the funding rate is published a week ahead with no mark-up, so you know your holding cost in advance, which crypto-exchange perps do not offer. The weakness is range: a few dozen names, not hundreds of coins.

How does Pepperstone's funding rate work?

Pepperstone converts market funding into one weekly rate, publishes it before the week starts, and charges or credits one-seventh of it each day at 5 pm New York time (5 am Singapore time during US daylight-saving time). Pepperstone's own example: a $40,000 gold perp at 0.14% a week costs $8 a day, $56 a week.

What trading platforms does Pepperstone offer?

Five: the Pepperstone web platform and app, MetaTrader 4, MetaTrader 5, cTrader and TradingView (Razor accounts only). Expert advisors run on MT4 and MT5, cBots on cTrader.

Does Pepperstone have a mobile trading app?

Yes, on iOS and Android, alongside the MT4, MT5, cTrader and TradingView mobile apps, all connected to the same account. The Pepperstone app is the simplest of them; MetaTrader and cTrader are better for automation.

Risk warning and disclosure

Pepperstone's terms for Singapore residents are set by its Bahamas client agreement; read it before you trade, and check the leverage you select.

This page is general information, not personal advice. CFDs are leveraged; losses can mount quickly and most retail clients lose money. Pepperstone and XS serve Singapore residents from offshore entities without a MAS licence, so MAS rules and Singapore dispute channels do not cover those accounts. Spread figures are minimums or averages the providers publish and widen in fast markets.

Disclosure: eccrypto.com earns a commission when you open an account through some links. That does not change our cost arithmetic, explained in our methodology.