This article will help you understand the work of Pepperstone in the forex market environment and how the company operates, as well as Pepperstone’s mission. These and more, are what we will be discussing in this Pepperstone Review.
Pepperstone is an Australian-based company established in 2010, and that follows its rapid growth to become one of the largest forex and CFD global providers. we are going to discuss more than these in the Pepperstone Review.
In their effort to cover and meet the demand of their clients in the UK and Europe through local access, they decided to launch Pepperstone Limited in the UK in 2015.
Overall, the company serves offices in vital financial destinations Dubai, Limassol, Melbourne, Nassau, Dusseldorf, Nairobi and London.
Pepperstone Pros & Cons
Pepperstone is a dependable broker with top-tier licensed FCA & ASIC, the opening of accounts in the platform is fully digital and their trading environment is one of the pre-eminent Australian benefiting with DND accounts, with the best research and trading tools.
Their education section is of great quality and support is superior to others.
As for the CONS, instruments are limited to both Forex & CFDs and their demo account is available only for 30 days, in terms of customer support, there is no constant customer support service.
Please read on for we still have more on this Review on Pepperstone.
Ten Core Summary of Pepperstone
|ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
|MT4, MT5, cTrader, TradingView|
|CFD’s on equities, indices, shares, commodities, energy, metal and cryptocurrency|
|AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF and GBP|
|Provided, research tools included|
Pepperstone – An Execution Broker
Pepperstone was initially founded as a pundit forex broker giving access to interbank execution and low spread pricing.
Therefore, Pepperstone established assistance services for both retail and situational traders through a Low-cost strategy with multiple direct destinations of liquidity, with no deal desk and became an execution-only broker.
The Pepperstone restate that coming from as many as 22 Major Banks and Electronic Crossing Networks, therefore, traders can place orders and are assured of the best possible market
Pepperstone’s effort to propose the best options to the trader’s body was recognized with many awards, which the broker received regularly to the great reviews from the traders themselves.
The awards include #1 Overall Client Satisfaction|#1Value for Money |#1Execution Speed and many of them.
Is Pepperstone Legit Or Scam
These days it’s really difficult to specify scam platforms from legit ones. But after our team’s review having studied and seen how Pepperstone is regulated.
We discovered that the company is under the regulatory commissions of the Australian, UK, and German governments and overall, Brexit. This truly shows that the entity is reliable and safe for one to invest in and start trading without panic.
Pepperstone is a regulated broker.
In all the regions that Pepperstone operates it holds a necessary authorization from the governments according to its rules.
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You Are Protected
The government regulators mentioned above, compelled the broker to strictly follow the needed performance, therefore Pepperstone has no doubts about their reliability. ASIC & FCA demand financial services firms follow strict capital needs and fully separate traders’ accounts from the company capital.
They comply with internal risk management, accounting, training, audit and many of them. Additionally, the platform provides Negative Balance Protection and Automated Risk Management System to secure clients’ safe trade.
This review is to ensure that we give you all the necessary information you to know before starting your trading journey on Pepperstone.
types of Accounts in Pepperstone
Pepperstone has two main accounts on its platform both can be used by anyone, both professional traders and newbies. Moreover, the accounts differ in pricing structures. (Standard and Razor accounts).
The size of the commission relies on the trading platform you use. Commission for opening and closing $100k positions include:
- $7.00 for MT4
- $7.00 for MT5
- $6.00 for cTrader.
You can check the Active Trader Program if you prefer trading at a high volume. Trading at high volume, therefore, gives you rebates based on the number of trades you carry out & you can save on the commission.
The platform also has an account known as Managed Account the purpose of this account is for fund managers who can use the account to regulate and manage hundreds of sub-accounts.
Pepperstone trading fees are low, have in mind that the Razor & Standard account pricing structure differs. In our review, we tested the razor account, here commission is charged but spreads are low.
After that, we compared Pepperstone’s fees with other similar brokers we chose, IC Markets & Axi. Our selection is based on objective factors such as products offered, fee structure and client profile. See the details below.
Forex Fees (Pepperstone)
|Forex fee class||Low||Low||Low|
|FX commission per lot||$3.50 commission per lot per trade||$3.50 commission per lot per trade||$3.50 commission per lot per trade|
Deposits Currencies On Pepperstone
Pepperstone enables its client to easily fund their account through client areas to choose account currency which includes USD, EUR, CAD AUD, GBP, CHF, JPY, NZD, HKD, & SGD. In this, you can skip the exchange fee and can benefit from trading in your local currency.
When it comes to funding your account, Pepperstone provides various ways in which you can fund your account. The methods include
Local Bank Deposit
Pepperstone Minimum deposit
The minimum deposit to any account on Pepperstone is $200.
The platform does not charge any internal fees like other brokers for either deposits or withdrawals, traders can choose different withdrawal options like e-wallets, Cards and Bank transfers.
Moreover, international finance institutions may attract fees for both parties which will be referred to the client.
How to withdraw from your account
- Login to your account https://pepperstone.com/en-af/
- At the menu button, select withdraw funds
- Enter the amount you wish to withdraw
- Then choose the withdrawal method
- Complete the electronic request with necessary requirements
- Confirm withdrawal in formation and submit
- You can check the status of your withdrawal through your Dashboard
Pepperstone’s trading technology & software maintains the importance of performance and additional parameters. With Pepperstone trading platforms offering MT4 & MT5 (New version), cTrader & trading view in different versions so that you can truly gain a powerful trading solution with your own method of strategy since all trading styles are supported.
Pros and Cons
- Mobile App for iOS & Android
- Fee Report
- Supports different languages
- 11 platforms suitable for Web, Mobile and Desktop trading
- Available MT4 and MT5, cTrader, TradingView platforms
- Its user-friendly software
As for Cons, there are none.
Web Trading Platform
The famous choice of MT4 is that it supports different devices from the Web, Desktop or Mobile Applications all at your own choice. Also, the interface offers by the platform is user-friendly, and many other management tools.
The company also advanced the platform with smart trader tools, this package has over 10 smart apps making trading more smooth and more efficient.
Pepperstone is available on the web version and as well mobile application. Still, a key cTrader component is cAIgo, which is designed to be a powerful tool alongside robots and indicators developed on C# for intuitive functionality. If you still have more to ask concerning Pepperstone on this Review please do so in the comment section.
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Frequently Asked Questions.
Can Pepperstone be trusted?
The platform is low-risk, with an overall Trust Score of 93/99. Moreover, they are under the regulation and inspections of Australia, the UK, Germany and many of them.
How do I deposit into Pepperstone?
Login to your account and go to the secure client area, click on the fund button, once you select the account you want to fund, funding options will be displayed, just choose the one you wish to and fund your account.
Who founded Pepperstone?
Pepperstone was founded by Owen Kerr Joe Davenport
Can US citizens use Pepperstone?
The platform does not accept US citizens due to regulatory constraints, which rules it out from being a world broker.
Does Pepperstone have a deposit bonus?
Pepperstone does not in any way offer you a sign-up or deposit bonus, avoid falling into scammers offering you a welcome bonus.