Spread betting carries a high level of risk. Between 51-82% of retail investor accounts lose money. You should consider whether you can afford to take the risk of losing your money.
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Pepperstone

Tightest spreadsEst. 2010 · FCA #684312

Razor-sharp spreads and multi-platform choice for active traders. Below is our full breakdown of how Pepperstone scores across the six factors that matter most to UK spread bettors.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Figure published by Pepperstone Ltd, verified 2026-07-26. Providers update this quarterly.

Affiliate link (#ad) — we may be paid a commission if you open an account. This does not affect Pepperstone’s score or ranking; see our methodology.

89/100
BTS Score · rank #4 of 15
BTS Score89/100
Founded2010
Min deposit£0
FTSE 100 spreadfrom 1 pt
RegulationFCA #684312
Tax statusTax-free (UK)
Scorecard

How Pepperstone scores

Each category rated 0–10, then weighted into the overall BTS score.

Spreads
9.6
Platform
9.0
AI Tools
9.1
Markets
7.2
Education
8.0
Regulation
9.3

Strengths

✓Industry-leading forex spreads (from 0.0 pips)
✓Excellent multi-platform choice
✓cTrader Automate for serious algo trading
✓No minimum deposit
✓Free VPS for qualifying accounts
✓Capitalise.ai natural language automation

Trade-offs

–Smaller market range than IG (1,200 vs 16,000)
–Commission on Razor account
–No guaranteed stops
–Australian-founded — less UK heritage than IG/CMC
Trading platforms
TradingViewcTraderMetaTrader 4MetaTrader 5Pepperstone Mobile
Head to head

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