Extract · SW-pepperstone-eu-limited · PakistanYou looked up pepperstone.com

Pakistan does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.

Last checked2026-09-29

Entity

PEPPERSTONE EU LIMITED

No local licensing here

PEPPERSTONE EU LIMITED

Which company you actually sign with in Pakistan, and whose licence that is.

the company you looked up

Cyprus Securities and Exchange Commission · 388/20

Pepperstone International Markets Limited

another company under the same brand

Financial Services Authority (Seychelles) · no number published

Check it yourself:https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/88151/

Licences held across the group

Pakistan does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.

Rung 1 · comparable supervisionyes

PEPPERSTONE EU LIMITED

licensed by Cyprus Securities and Exchange Commission · 388/20

SupervisionFull: capital requirements, client-money segregation, regular reporting.

CompensationA scheme exists, but it usually does not cover clients resident abroad.

Source · read · 2026-09-29

Rung 2 · offshore registrationno

Pepperstone International Markets Limited

licensed by Financial Services Authority (Seychelles) · no number published

SupervisionFormal: the registration is real; supervision is limited.

CompensationNone.

Source · read · 2026-09-29

DIFFERENT legal entities trade under one brand here, on different licences. The one you sign with decides which rung you are on: the protection differs, and the licence the brand advertises on its site may not be the one you get.

Sources consulted

CY-CYSECCyprus Securities and Exchange Commissionread

248 rows · good 2026-09-29 · tried 2026-09-29

CY-ESMACyprus Securities and Exchange Commission (via ESMA register)read

327 rows · good 2026-09-29 · tried 2026-09-29

Not read yet. Listed so the gap is visible.