Yes, Pepperstone is considered to be a true ECN broker that sources its bids/asks prices from tier-one liquidity providers. Pepperstone Razor account can boast competitive spreads starting from 0.0 pips and lightning-fast speed execution of 30ms. The ECN model used by Pepperstone eliminates any conflict of interest as client orders are matched directly with the liquidity providers.
Compare the best ECN forex brokers 8 Best MT4 ECN Brokers 2023 Guide to help you choose an ECN broker.