The Pepperstone Group was founded back in 2010. They’re a leading and Award-Winning Forex brokerage brand that’s based in Australia. They have grown to become a major player in Forex brokerage, transacting FX volumes worth over $100 billion each month. They’re popularly regarded as among the best brokers for Forex trading online. Some people praise them as a reliable, efficient, and user-friendly broker.
Features at a Quick Glance
- Registered Company: Pepperstone Group Ltd.
- Headquarters: Level Five, 530-Collins Street, VIC-3000 Melbourne, Australia
- Licensing: ASIC Australia and FCA U.K.
- Minimum Deposit: $200
- Maximum Leverage: 1:500
- Demo Account: Yes
- Charts Compatibility (Platforms): WebTrader, MT4, MT5, cTrader
Pepperstone Forex Broker Review
Non-regulated Forex brokers are typically uninsured. And, you’ll want to ensure you avoid trading with such. It’d only be wise to ensure you sign up with Forex brokers who have their investors’ best interests in mind.
Pepperstone offers segregated client funds, with over 70 assets and a minimum deposit capped at $200. In turn, that makes Pepperstone an option worth considering for traders who’re seeking a trustworthy broker. Besides, they’re regulated by the Australian Securities & Investment Commission (ASIC).
It’s pretty clear that Pepperstone looks out for their members/investors. They’re authorized by the United Kingdom Financial-Conduct-Authority (FCA), operating under the number AFSL #414530. As such, you can be confident that your hard-earned money will be safe. It guarantees the safety of your personal and financial info, as well.
This brokerage boasts an outstanding product selection.Currently, they have over 70 different assets, ranging from stocks, commodities, and currency pairs, to indices. They offer far more incentives when compared with most other similar Forex brokers.
The trading conditions are remarkably decent, too. On major pairs like the EUR/USD, GBP/USD, and AUD/USD, the spreads often begin from 0.0 pips. the maximum leverage available on such trades stands at 1:500. The CFDs’ selection covers 13 global indexes, like the US30, the HK50, and the AUS200.
Other items included in their product selection include cryptocurrencies, energy, precious metals, and soft commodities. Within the cryptocurrency section, Pepperstone supports Bitcoin, Litecoin, Dash, and Ethereum.
Pepperstone offers an exceptional suite of top-notch, revolutionary, and innovative trading platforms. It packs useful features like Market Reviews, Autocharts, Economic Calendar, and Trading Guides. Credit to such, traders are able to enjoy an outstanding, top-of-the-line experience, investing as dynamic, much, and often as they wish.
A unique, worth-mentioning advantage offered by Pepperstone’s trading platforms is the compatibility with MetaTrader-4, MetaTrader-5, and WebTrader. It’s compatible with virtually all mobile devices with a reliable Internet connection.
Upon creating a Razor Account, accessing the Web or desktop version of MT4 comes pretty standard. Minimal configuration changes are made from each broker, although the pricing, execution, and reporting tools may vary significantly.
Pepperstone makes use of its proprietary EDGE infrastructure to bridge the MT platform with the liquidity providers accepting your execution orders. Meanwhile, they incorporate their Price Improvement technology to enhance execution rates.
Aside from the MetaTrader platforms, Pepperstone avails various platforms by Spotware Systems such as the cAlgo and cTrader platforms. These support automated trading. You can make use of either the Razor or Standard account with both the cAlgo and cTrader platforms. These unify the offerings across Pepperstone’s products.
Mobile trading is done via either the cTrader or MT4 apps. These are available both on iTunes and Google Play. They rank highly in functionality and design, as well as the range of tools.
Pepperstone avails an Economic Calendar which displays consensus forecasts. These are powered by MyFxBook, a social-trading, premier website which will sync your MetaTrader Account, hence supporting signals’ trading. You’ll also get access to both technical and fundamental analysis content, sourced from third-party analysts.
Other research-related tools you’ll get access to include ZuluTrade, a social-trading platform that enables users to search, discover, and compare the trading systems developed and modified by other traders. In turn, you’ll be able to copy trades automatically and directly into your Pepperstone through a process referred to as Copy Trading.
The ‘Smart Trader Tools’ is yet another impressive feature offered to complement Pepperstone’s MetaTrader offering. It’s made available as an add-on, comprising 10 trading apps. Such include an MT4 sentiment tool that’s greatly comparable to the popular add-ons offered by ADS Securities and Admiral Markets.
Pepperstone Account Types and Pricing (Fees & Commissions)
Pepperstone offers various different pricing models, based on the type of account you’ll open:
It’s quite basic and doesn’t feature institutional-grade STP spreads. This account’s pricing structure isn’t based on commissions, with inherently wider spreads.
You can make use of this account with either the cTrader or MetaTrader platforms. It follows a pricing structure that’s based on commissions and prevailing spreads. The minimum deposit required here stands at AUD 200, with the spreads starting from 0.0. pips to a maximum of 0.8 pips.
III. EDGE Swap Free
It’s an Islamic account as it’s Sharia-compliant. It doesn’t feature any commissions, with the average spreads on the EUR/USD ranging from 1.0 pips to 1.2 pips. The minimum deposit required here stands at USD 200.
IV. Active Traders
This account is mainly aimed at high-volume retail traders and institutional traders, with spreads which begin from 0.0 pips. Besides, it offers access to bonus features like advanced reporting, superior ECN execution, dedicated account managers, and a reliable VPS hosting service.
An Active Traders’ Account user gets access to other custom means of Forex trading. These include FX GUI, API-based, and other third-party platforms.
Pepperstone seems to have quite many advantages to offer, and the minimum deposit requirement (set at $200) is just among such. It’s notably lower and more favorable as most other online Forex brokers require a starting deposit of at least $250-$500.
Pepperstone accepts multiple currencies, including EUR, USD, CAD, CHF, NZD, HKD, GBP, AUD, and SGD. Accepted payment forms include Bank Wire, Debit/Credit cards, PayPal, FasaPay, Skrill, NETELLER, Union Pay, BPay, Local Bank Deposit, and many more.
Traditional Forex brokers are known to house traders’ accounts in a single, consolidated, and liquid pool. Unlike such, Pepperstone deposits all clients’ funds in segregated accounts which are held with only top-tier banks like Barclays and National Australia Bank.
On average, withdrawal requests are processed within 24 hours and completed within 3-5 business days. When it comes to withdrawal, Pepperstone transfers funds to the account’s owner either by bank wire or credit. And, they can only be transferred to an account bearing the same name to that holding the trading account.
Pepperstone sets a considerably high bar when it comes down to customer service. They provide clients with 24/7 live chat access. Customer service is made available throughout.
Supported customer service languages include English, German, Polish, Russian, Spanish, Chinese, Arabic, French, Italian, Portuguese, Slovak, and Thai. Many investors have been praising the staff at Pepperstone, commending them for their professional, supportive, and patient attributes when dealing with various concerns.
The same applies when it comes to email and phone support. Such features help make for a positive and remarkable customer service experience.
Pepperstone is available in over 65 countries. That includes Australia, France, Luxembourg, Monaco, Morocco, Norway, Singapore, Switzerland, the United Kingdom, Sweden, and the Netherlands, among many more. However, it’s not available in several, select countries, including the U.S.A., North Korea, Japan, New Zealand, Nepal, Iran, Iraq, etc.
- Competitive pricing of trading tools
- Exceptional customer service
- Extensive range of CFDs’ markets
- A broad range of supported payment methods
- No proprietary platform of trading
- Various countries aren’t supported, including the U.S.A.
The trading platforms available compare pretty well with other popular brokers which offer platforms from Spotware Systems and MetaQuotes Software Corp. The key differences are only notable in the execution methods and pricing.
Pepperstone, with approximately 100 trading instruments, offers a friendly and innovative means through which investors from any of the accepted countries can trade. They’re among the safest online Forex brokers you can trade with, especially considering the fact that they operate within the set ASIC and UK FCA regulations. They provide a considerable deal of useful research resources, as well.
Pepperstone is a decent option and, indeed, worth considering as they cater pretty well to all Forex-focused investors, regardless of their experience level. We recommend Pepperstone for prospective Forex investors, especially those who’re seeking a safe, trustworthy, and reliable, online Forex trading broker.Visit Now