Pepperstone is one of the strongest all-round brokers we rank on execution and cost, and it sits at number four for two reasons. First, the free trading signals offer on Best Trading Signal is tied to Base Markets, not to Pepperstone. Second, and more important for a Singapore reader: Pepperstone holds no MAS licence. Singapore residents are onboarded by Pepperstone Markets Limited, Nassau, licensed and regulated by the Securities Commission of The Bahamas under licence SIA-F217. The group's seven-regulator list is true of the group and irrelevant to your account — read the footer of the page you actually sign up on, and it will name that entity. What you get for accepting the offshore position is genuinely good: spreads from 0.0 pips on the Razor account with a clear per-lot commission, and MetaTrader 4, MetaTrader 5, cTrader and TradingView to trade on. There is no minimum deposit to open an account and a $10 minimum funding amount. It offers no guaranteed stop-loss, and no broker can guarantee a fill. 79.6% of retail investor accounts lose money when trading CFDs with this provider. This figure is entity-specific: Pepperstone publishes 72.9% under FCA and CySEC, 75.2% under BaFin, 79.6% under SCB and 75–95% under CMA, and the figure that applies to you depends on the entity your account is opened with. We link to Pepperstone editorially and earn no commission from it — you can follow every one of our calls on it through the paid Telegram subscription. Compare the full published track record before you decide.
The entity that will actually hold your account
This is the part most comparison pages skip. Pepperstone the group holds licences from ASIC (Australia), the FCA (UK), CySEC (Cyprus), BaFin (Germany), the DFSA (Dubai) and the Securities Commission of The Bahamas. A Singapore resident signing up gets exactly one of them: Pepperstone Markets Limited, #1 Pineapple House, Old Fort Bay, Nassau, registered in The Bahamas (company 177174 B) and licensed by the SCB under SIA-F217.
The practical consequences are concrete. You do not get MAS supervision of the firm's conduct. You cannot escalate a dispute through Singapore's local channels the way a client of a MAS-licensed firm can. You are not inside any Singapore investor-protection framework, and you do not receive the FSCS-style compensation a UK client of Pepperstone Limited would. Your recourse runs through Bahamian law and the Securities Commission of The Bahamas. That is a real trade-off, not a technicality — weigh it against the execution quality before you fund the account, and read our MAS-licensed alternatives guide first.
The loss disclosure, and why the entity matters to it too
Pepperstone Markets Limited publishes that 79.6% of retail investor accounts lose money when trading CFDs with this provider. This figure is entity-specific: Pepperstone publishes 72.9% under FCA and CySEC, 75.2% under BaFin, 79.6% under SCB and 75–95% under CMA, and the figure that applies to you depends on the entity your account is opened with.
Any page telling you "Pepperstone's loss rate is X%" without naming the entity is guessing. Since the Bahamian entity is the one that onboards Singapore residents, 79.6% is the number that describes the account you would actually open.
Accounts, spreads and costs
Pepperstone offers two main pricing models. The Razor account carries raw spreads from 0.0 pips plus a transparent commission of roughly $3.50 per lot per side, which suits scalpers, algorithmic traders and anyone running our signals at high volume. The Standard account folds the cost into a slightly wider spread with no separate commission — simpler for newer traders.
There is no minimum deposit required to open an account, and the minimum funding amount is $10. Both halves of that are true and publishing either alone would mislead. In practice, around $200 is a sensible starting balance to trade our signals with proper position sizing.
Platforms and execution
Few brokers match Pepperstone's platform choice: MetaTrader 4, MetaTrader 5, cTrader and a native TradingView integration. That means you can execute every entry, take-profit and stop-loss from our signals on whichever platform you already know best, and it names VPS hosting for latency-sensitive strategies.
Execution is fast, with deep liquidity from multiple providers — one reason Pepperstone is a common pick for Expert Advisors and high-frequency strategies. It offers no guaranteed stop-loss, however, and no broker can guarantee a fill: in a gapping market your stop can be filled worse than the level you set.
Using our signals with Pepperstone
Our exclusive free-signals package is unlocked only by opening and funding a Base Markets account with $400 (roughly S$515) through our link. Pepperstone does not carry that offer, and we earn no commission on Pepperstone accounts — the link on this page is editorial.
You can still trade every signal we publish on your Pepperstone account by taking the paid subscription through our Telegram bot. Each call arrives with a defined entry, take-profit and stop-loss, and our results are documented on the performance page.