Pepperstone

Pepperstone

• Amazing Trading Platforms
• Variety of tradable assets
• Excellent customer Service

No Bonuses offered

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Details

Broker	Pepperstone
Website URL	https://pepperstone.com/uk
Founded	2010
Headquarters	Australia
Support Number	+44 (800) 0465473.
Support Types	Telephone , Email , FAQ
Languages	English , Spanish , Russian , Chinese , Vietnamese , Arabic , Indonesian , Italian , French , Laotian , German , Polish
Trading Platform	Meta Trader4 (MT4) | cTrader
Minimum 1st Deposit	$200
Bonus	No Bonuses offered
Leverage	500:1
Spread	1.0 pips
Free Demo Account
Deposit Methods	Credit/Debit Card , PayPal , POLi , China Union Pay , Bank Transfer (Domestic & International) , BPay , Skrill , Neteller , Qiwi , Fasapay
Withdrawal Methods	Credit/Debit Card , PayPal , POLi , China Union Pay , Bank Transfer (Domestic & International) , BPay , Skrill , Neteller , Qiwi , Fasapay
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score

Pepperstone Review

Pepperstone is a leading online trading brokerage that provides traders from around the world with the opportunity to trade forex and CFDs on a wide range of tradable assets. The brokerage accomodates all types of investors and traders whether they’re just starting out or are an experienced trading veteran. The markets in which traders can participate in are extensive and include; over 70 forex currency pairs, 13 major global stock indexes, 6 precious metal pairs, oil and gas commodities, and 4 cryptocurrency CFDs. No matter what type of trader you, Pepperstone can accommodate your needs.

Pepperstone was established and founded in 2010 by Pepperstone Group Limited. The brokerages headquarters are located at Level 5, 530 Collins Street, Melbourne VIC 3000 Australia, but they also have offices in Shanghai, Dallas, Bangkok, and London. Since the Pepperstone brokerage is headquartered in Australia they are subject to the Australian laws and regulations and therefore are regulated by the Australian Securities and Investments Commission (ASIC). Also, due to a large number of their clientele being from Europe and the UK, the brokerage is regulated by the Financial Conduct Authority (FCA) in the UK. Pepperstone is an international trading brokerage and accepts clients from across the world and makes their site and services available in 14 languages.

Pepperstone may be a large and successful international Forex and CFDs trading brokerage, but what makes an online trading broker so successful and stand out from the rest? In the following review we go over all aspects of the Pepperstone trading brokerage and see how it compares to the competition. We conducted extensive research into the trading platforms offered, types of trading accounts, fees and commissions, customer care, and more. So, delve in and discover if the Pepperstone trading brokerage is right for you.

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Pepperstone Types of Trading Accounts

Pepperstone strives to accommodate every trader’s needs and therefore offers them 4 different account types that differ slightly towards specific traders needs. See the different account types and their key aspects overviewed below.

Standard Account

• Interbank spreads from 1.0 pips
• The world’s favourite forex platform: MT4
• Other trading platforms including cTrader, Launch webTrader
• STP processing and liquidity from 22 banks
• Negative balance protection and an automated Risk Management System
• $0 to open an account

Razor Account

• The ultimate account for Forex traders
• Deep liquidity and transparent trading costs
• Flexible leverage of up to 500:1
• Trading from 0.01 lots
• Lightning fast execution speed
• $200 initial deposit

Islamic Account

• Compliant with Sharia law for religious traders
• No swaps, straight through processing
• 1-1.2 pips
• 0.01/100 lots
• $200 initial deposit

Active Trader Account

• Superior EDGE execution for Active Traders & Institutional Partners
• Dedicated relationship manager
• Segregated customer account
• Advanced reporting
• VPD hosting services
• Custom trading solutions

Pepperstone Trading Platforms

Pepperstone is a very versatile brokerage who offers their clients a wide selection of investment products and also platforms. In total, traders can utilize 11 trading platforms stretched out across both desktop and mobile devices. The main platforms are MetaTrader4 and cTrader. See a quick overview of these platforms below.

Meta Trader4 (MT4)

The MT4 platform is one of the most popular trading platforms in the world and is designed to give traders an edge in today’s complex trading environment. The platform comes complete with live quotes, real-time charts, in depth news and analysis, a number of indicators, management tools, and expert advisors (EAs) for automated trading. The MT4 trading platform is downloadable on both Mac, Windows, and Linux desktop computers as well as iOS and Android mobile devices.

cTrader

This trading platform may not be as popular as the MT4 platform, but Pepperstone’s cTrader platform is an amazing and innovative trading platform that provides sophisticated and revolutionary tools and features. As well, the platform is lightning fast and has enhanced charting abilities and a sophisticated order management system. The cTrader platform is slightly less advanced then the MT4 trading platform and more geared towards beginner and intermediate traders. The user interface is intuitively designed and provides a seamless trading experience.

Pepperstone Welcome Offers

Unfortunately, Pepperstone does not currently provide their traders with any sort of incentives for trading with them through bonuses or promotions. However, this may change from time to time. One thing Pepperstone welcomes new traders with is a live demo trading account where they can test out the Pepperstone services and trading platform. Traders receive $100,000 in virtual money that they can use to play around with new investment strategies free of charge and risk.

Also, Pepperstone traders benefit from favorable trading conditions and many options in terms of investment types and tradeable instruments. All traders with Pepperstone benefit from the low latency and high-quality execution speeds of the brokerages servers. Also, traders can trade on flexible leverage of up to 500:1 on currency pairs, precious metals, and commodities. Cryptocurrencies can be traded with leverage of up to 5:1, and never have to actually be purchased so that you can trade them without the risk of losing them. Therefore, with favorable trading conditions like these, Pepperstone feels as though they do not need to entice new traders to their platform.

Pepperstone Commissions & Spreads

Pepperstone utilizes two different pricing models which apply to different account types. For instance, the Razor account is commission based and the Standard account incorporates their fees in the spread. The Razor account features the tightest spreads with averages of around 0.2 pips, with the added commissions of $3.50 per trade, the all-in cost could be 0.95 pips. For the standard account the spreads tend to be wider but there are no added commissions. For day traders, the Razor account or Active Trader accounts offer the most cost-effective option.

Pepperstone Deposits & Withdrawals

Pepperstone traders have numerous deposit and withdrawal options available to them. Before a deposit or withdrawal can be made, traders must verify their identity by submitting the necessary documents such as a photo of a piece of government issued ID and a recent bank statement or utility bill. As for the currencies that can be deposited and withdrawn, see them written below.

Australian Dollar (AUD), United States Dollar (USD), British Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), Japanese Yen (JPY), New Zealand Dollar (NZD). Swiss Franc (CHF), Singapore Dollar (SGD), Hong Kong Dollar (HKD)

As for the deposit and withdrawal methods available, all methods are free of charge from Pepperstone but may have fees on the payment methods end. Most of the methods listed below are processed nearly instantly, with the exception of bank wire and broker to broker transfers taking 3 – 5 business days to go through. Traders must make withdraw requests from the secure client area by filling out a withdrawal form. Forms must be filled out by 21:00 GMT (07:00 AEST) to be processed that day. These are the available deposit and withdrawal methods: Credit/Debit Card, PayPal, POLi, China Union Pay, Bank Transfer (Domestic & International), BPay, Skrill, Neteller, Qiwi, Fasapay, Broker to Broker

Pepperstone Customer Care & Support

Pepperstone has been awarded for their excellent level of customer service and continues to provide some of the best service in the industry. Support representatives can be reached via live chat, email, and telephone 24 hours a day, 7 days a week. There are numerous email contacts and phone numbers available, depending on which region you are located. Additional methods of support include contact through Pepperstone’s various social media channels and numerous educational resources. For instance, via the Pepperstone website, traders have access to webinars, trading guides, forums, courses, a glossary, and an extensive FAQ page. All in all, the customer care and support provided by Pepperstone is some of the best we have ever seen.

What we think of trading at Pepperstone?

Pepperstone is a very successful online trading brokerage and for good reason. They feature amazing trading platforms and offer their clients a wide variety of tradeable assets. Also, they care about their clients and have excellent customer care measures in place. The commissions and spreads are very competitive and reasonable as well. It would have been nice to see some bonuses or promotions offered, but the brokerage is good enough without those incentives. The thing that stood out the most for us about the Pepperstone brokerage is their level of variety for traders. The literally offer something for every trader, whether it’s a tradeable instrument or platform, Pepperstone has many options. All in all, we highly recommend trading with the Pepperstone online trading brokerage.