What is Pepperstone?
About Pepperstone Australia
Founded in 2010 and headquartered in Melbourne, Pepperstone.com is a brand of Pepperstone Group Ltd. They provide high quality forex brokerage services both in the domestic Australian forex market as well as cater to the needs of international retail and institutional clients.
Over the past few years, they have emerged as one of the most prominent brokers Forex in the country.
Since its inception, this Australian brokerage has strived to offer its clients the best trading platforms and has earned a solid reputation for providing clients with access to a low cost trading environment.
|Regulated by||ASIC, FCA, DFSA|
|Trading platforms||ctrader, MT4, MT5|
|Available markets||Forex Stocks Indices Commodities Cryptocurrencies|
|Demo account||Yes, and it has $50,000|
|Spreads starting from||0 points|
|Deposit Options||Credit Card, Skrill, Neteller, Bank Transfer, Paypal|
About Pepperstone UAE (Middle East)
In June 2020, Pepperstone obtained a license from the Dubai Financial Services Authority (DFSA). Its Dubai subsidiary is Pepperstone Financial Services (DFSA). It brings them closer to their clients in the Middle East region, and allows this award winning broker to serve them better.
About Pepperstone UK
Pepperstone opened in 2016 a subsidiary called Pepperstone Limited to provide a forex and CFD brokerage service to clients in the UK and wider Europe with local access to superior trading conditions and award-winning support.
Over the past few years, Pepperstone has built an excellent reputation for providing UK investors with diverse trading platforms that support the most advanced features. However, at the same time, their unique value proposition is designed to cater to novice retail investors who do not want to feel overwhelmed by trading the foreign exchange markets.
>Pepperstone Limited is a broker authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
How does Pepperstone work?
They offer MT4, MT5 and cTrader platforms for trading over 150 Forex and CFD instruments on desktop and mobile apps, with very competitive spreads.
Organization and trust
Is Pepperstone a legit and regulated broker?
Yes, Pepperstone is completely legit. Its parent company, Pepperstone Group Limited, is fully compliant with the Australian Securities and Investment Commission (ASIC) under AFSL No. 414530, and Pepperstone Limited is fully regulated in the UK by the FCA.
In Australia, all client funds are held in Tier 1 banks, and in the UK they maintain separate client accounts with Barclays Bank PLC.
Trading platforms and tools
Do you use Pepperstone Metatrader?
Like most popular brokers, Pepperstone offers MetaTrader 4 in addition to version 5. However, the real magic is the ability to trade forex and other assets using the cTrader platform that offers simplified order processing with a full range of advanced order types and a charting feature.
They have invested heavily in their trading infrastructure to offer the best in class trading environment to clients.
While researching this Pepperstone review, we found that Pepperstone's cTrader platform is a much superior trading platform than MetaTrader By offering this platform should be enough to set this broker apart from a host of other competitors in the industry.
Furthermore, cTrader comes with a web interface where traders can log in from almost any modern web browser that supports HTML 5.0.
Although Pepperstone's institutional clients prefer desktop-based trading platforms, they also offer a range of web-based and mobile-based trading platforms.
For example, Pepperstone's cloud-based cTrader WebTrader is fully accessible from any modern web browser with an Internet connection.
Besides offline trading software and cloud-based trading platforms, Pepperstone has also developed separate mobile trading apps for both iOS and Android devices and smartphones so that clients can trade on the go.
They offer a wide range of trading tools such as cTrader Automate, Autochartist and indicators available for Metatrader platforms.
How many assets can be traded on Pepperstone Broker?
Pepperstone.com currently offers over 150 tradable assets. Besides forex pairs, it also offers a range of trading tools, including indices, commodities, CFDs for stocks, cryptocurrencies, and the US dollar index.
They currently offer almost all major pairs and some of the most exclusive exotic pairs, including AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDSGD, AUDUSD, CADCHF, CADJPY, CHFJPY, CHFSGD, EURAUD, EURCAD, EURCHF, EUJKRY, EUR, EURNO EURNZD, EURPLN, EURSEK, EURSGD, EURTRY, EURUSD, EURZAR, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNOK, GBPNZD, GBPSEK, GBPSGD, GBPTRY, GBPUSD, NOKJPY, USD, NZDCHZDJPY, USDCN, NZDCJPY, USDCN USDJPY, USDMXN, USDNOK, USDPLN, USDRUB, USDSEK, USDSGD, USDTHB, USDTRY, USDZAR, ZARJPY.
Under Indices, they offer a wide range of 14 major global stock indices and CFDs.
They also provide several major precious metals for trading, including gold, silver, platinum and palladium.
Regarding cryptocurrencies, you can trade 5 crypto-derivative products: Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin.
What about commissions and spreads with Pepperstone?
Their spreads are very competitive, however, it depends on the type of account opened: MOS or Standard.
Standard STP account starts from 1.13 pips (EURUSD or USDJPY pairs). If you were to trade AUDUSD, the spreads would be 1.18 pips.
On the other hand, the average spreads on their ECN Razor account start at just 0.16 pips (EURUSD), with $7 traded on 100k.
What is the maximum leverage?
With ASIC regulation, they offer leverage of up to 500:1.
If you are a UK or European retail client, the maximum leverage they can provide you with is 30:1. Â However, Pepperstone also provides an account for professional clients that offer leverage of up to 500:1, which is much more than 30:1 maximum leverage offered to retail clients.
How fast is it implemented?
Most of the orders are executed very quickly because it uses the EDGE environment, which is a forex trading technology for all traders looking to unlock execution and reduce spreads.
Is Pepperstone an ECN Broker?
Yes, their RAZOR account is an ECN type account with a commission of $7 per full contract. However, the Razor account offers much lower spreads, starting from 0.0 spreads on popular forex pairs.
On the other hand, they also offer retail clients standard and interest-free accounts with no commission fees, and both offer Direct Processing (STP) spreads. The Active Traders account is designed for day traders who need a high volume trading service. However, Pepperstone does not disclose any account details on their website and you need to contact them to obtain this service.
Pepperstone also offers an account for professional clients that offer leverage of up to 500:1, which is far more than the maximum leverage of 30:1 offered to retail clients.
Does Pepperstome offer a demo account?
Yes, they also provide free demo accounts (30 days validity period) worth $50,000.
Islamic Forex Accounts: Do they offer interest-free accounts?
regarding with Islamic accounts Pepperstone also targeted Arab niche markets around the world by offering a SWAP-compliant account aShariah law which does not incur any interest fees or pay any swap or interest to the brokerage account of the trader.
How do you open a Pepperstone Live account?
You need to fill out a 4-step application form to open a real account with them. 1) Create your login information with an email address and password 2) More details are required with a short questionnaire about your knowledge of trading. 3) Confirm your identity: You must provide an identity document (passport, national ID,..) and proof of address document) and fund your account.
Deposit and withdrawal methods
What is the minimum deposit?
Pepperstone broker makes the setup process really easy as clients are only required to deposit $200 when they open a new forex brokerage account with them.
How do you fund a Pepperstone account?
Funding your forex brokerage account with Pepperstone.com is really easy as they accept more than 10 funding methods including credit cards, direct bank transfer to National Australia Bank (NAB), BPAY Net Banking, etc. If you are based in Australia, you can also use secure online POLi payments from local banks.
However, Pepperstone's international customers need to commit to either credit cards to make an instant deposit or to send an international bank transfer via the SWIFT network to fund their account.
Pepperstone also supports the withdrawal of funds via its own deposit methods. However, if you are going to use a credit card to fund your account, you may incur a small transaction fee.
In the UK, as an FCA approved broker, funds deposited with Pepperstone are insured under the Financial Services Compensation Scheme (FSCS), which guarantees up to £50,000 50,000 per person.
Research and education
Does Pepperstone Offer Free Education?
Yes, they have an impressive section for free education including market analysis, economic calendar, trading guides, webinars, trading charts and videos.
This platform is currently running several promotions, including a referral program called Refer a Friend. Under this promotion, if you refer a client to Pepperstone and they deposit a minimum of AUD 1,000 (or equivalent), then you trade at least 5 standard forex contracts, you will earn AUD $100 (or equivalent) in your trading account your as a thank you reward.
Pepperstone offers customer support via many communication channels. Customers can take advantage of customer support by sending an email to firstname.lastname@example.org. But if you are having a more urgent problem, you can call the Pepperstone customer service number on 1300 033375 in Australia.
International customers can also reach their customer support line by calling +61 3 9020 0155 during business hours in Australia, Monday through Friday.
Besides email and phone support, Pepperstone.com also offers a live chat option on their website.
They are headquartered in Melbourne (Australia):
Tower 1, Level 16, 727 Collins Street, Melbourne Â 3008
In the UK, Pepperstone's office is located at:
68 Hanbury Street
London, E1 5JL
Phone number +44 (800) 0465473
In Dubai, their office is:
Bait Al Fattan Exchange | Level 15, Office 1502A, Tower 2 | PO Box 482087, Dubai International Financial Center
Dubai United Arab Emirates
Phone number: +971 (0) 4573 4100
Pepperstone Review: Summary
Over the past few years, Pepperstone has emerged as a major player in the Australian brokerage industry, attracting a large number of both local and intentional clients to their premium services.
Pepperstone.com has developed four different types of trading accounts to meet the needs of novice traders who make only a few trades per week as well as professional traders who make more than hundreds of trades per week.
In particular, an active trader account of 0.00 spreads has become very popular among institutional traders because it provides a virtual way for transactions with no fees to access the market.
As it is regulated by the Australian Securities and Investments Commission (ASIC), it offers one of the safest trading environment in the industry. If you are looking for a forex broker, Pepperstone can be a good choice as they offer many different trading accounts to suit your individual needs.