Pepperstone is a No Dealing Desk (NDD) broker with a Straight Through Processing (STP) execution model. While Pepperstone could be considered as an ECN broker in many regards, it is not necessarily a true ECN broker.
We also checked its official website for the direct answer. The attachment is a screenshot of the broker's answer to your inquiry. However, to get more explicit information, it is recommended to contact their customer services.
![](https://img.brokersview.com/bvdev/6323C445FC9143CDA4B77C51AB1A01F1.png)
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