Pepperstone Review

Pepperstone Features

• Licensed by ASIC
• Award-winning broker
• Segregated client funds
• 24-hour support
• No dealing desk
• Trade currencies, gold, oil, CFDs, cryptocurrencies and more
• Instant order execution
• Islamic swap-free account available
• Razor account with spreads from 0.0 pips
• Standard STP accounts available
• Undisclosed liquidity pools
• Trading available 24/5
• Over 80 tradable instruments
• Cash bonuses available
• 11 trading platforms offered
• Leverage up to 500:1
• Over 10 deposit and withdrawal methods
• Spreads from 0.0 pips
• Multi-account manager (MAM/PAMM)
• Variable spreads on MetaTrader 4, sourced from quotes across 22 major banks and ECNs
• VPS hosting available
• Pepperstone technical analysis tool, powered by Autochartist
• Automated trading (Expert Advisors) supported
• Equinix trading servers (advanced forex trading infrastructure)
• Edge technology with the following added benefits:
• Extremely low spreads
• One-click trading
• Undisclosed liquidity pool
• Secure client area
• Price improvement technology
• 70+ tradable instruments
• Works with the following social trading platforms/services:
  • ZuluTrade
  • MetaTrader 4 Signals
  • Myfxbook
  • Mirror Trader
  • RoboX
  • DupliTrade

About Pepperstone

Pepperstone was founded in 2010 and is licensed and regulated in two top-tier jurisdictions, making it a low-risk, secure broker for forex and CFD trading. For how it compares with other brokers, see the full broker comparison.

Pepperstone also offers MetaTrader 4, MetaTrader 5 and cTrader to meet the needs of algorithmic and copy traders. It adds a number of standout plug-ins to the platform to sharpen MetaTrader’s core features, and its research holds up better than most brokerages’, though it still trails the approach of leaders such as IG or Saxo Bank.

Pepperstone offers a fairly small range of tradable products, though pricing is competitive for active traders on Pepperstone’s Razor accounts, while retail traders get pricing broadly in line with the industry average.

Pepperstone Trading Platforms

One area where Pepperstone stands out is its commitment to providing technology suited to each trader individually, and this shows across its platforms.

It offers 11 platforms to choose from, including the well-known MetaTrader 4, MetaTrader 5 and cTrader, so there’s something here for everyone, letting clients access trading services whenever and wherever they want.

This lets traders pick the platform that suits them best based on features, ease of navigation, and how simple it is to open and close trades. The broker also provides a helpful guide for a quick comparison if traders need help deciding.

2022 also saw Pepperstone partner with TradingView, the leading social investing community and charting platform.

With advanced analysis tools alongside interactive charting features, it’s a strong option for both beginners and professional traders.

Assets and Financial Markets at Pepperstone

Many brokers give clients access to a wide range of global financial markets, but Pepperstone prefers to focus on what it does best.

Forex trading is without question the backbone of the business, but it isn’t the only asset on offer. The firm’s instrument list also includes CFD indices, precious metals, energy, commodities and cryptocurrencies, ensuring enough variety to support building a properly diversified portfolio.

Clients can also trade across major financial markets, including UK equities.

All spread profits are tax-exempt, and commissions start from just 0.1%, with traders also able to buy or sell across multiple positions.

Fees and Commissions at Pepperstone

Spreads on Pepperstone’s popular MetaTrader 4 platform are variable, with pricing sourced from roughly 22 major banks and electronic crossing networks.

This is a good sign of the broker’s commitment to offering the best possible pricing for clients, and during liquid periods the broker is known to drop below 0.0 pips on EUR/USD.

The same minimum spread can be seen on several other currency pairs between AUD and EUR, and the company’s website has a useful chart showing the minimum and average spread values for every currency pair it offers, along with commission fees and estimated costs upfront.

Leverage at Pepperstone

On leverage, Pepperstone adjusts the amount offered based on whether you qualify as a professional or a retail client, and the regulatory jurisdiction also affects leverage and margin rules.

In Europe, Australia and Dubai, maximum leverage is 1:30 and varies by asset in other markets, while Pro accounts can access leverage up to 1:500.

This gap is a meaningful point in the broker’s favor, since it signals a willingness to look after individual client interests as well as demonstrating the flexibility of its system.

Worth noting: as of June 5, 2021, European retail traders using MetaTrader 4 or MetaTrader 5 accounts need to post a 50% margin on the hedged portion of any financial instrument; the changes don’t apply to those using cTrader.

Mobile Apps

Pepperstone says repeatedly that it’s committed to meeting client needs by supporting their ability to trade according to individual preferences, offering several trading platforms to choose from as well as versions compatible with iPhone and Android.

The company gives users access to both their trading account and the broker’s advanced forex trading technology, even on the move.

The one downside is that those who prefer trading this way are limited to a single platform in this case, the ever-popular MetaTrader 4.

Payment Methods at Pepperstone

Pepperstone gives clients the chance to open accounts and deposit funds in a number of base currencies, from US dollars to British pounds, euros and Swiss francs.

Funds can be transferred to the broker through a variety of different channels, including Verified by Visa, MasterCard SecureCode, credit/debit card, Skrill, Neteller, and broker-to-broker transfer.

For withdrawals, requests are submitted through the secure client area; those received before 21:00 GMT are processed the same day.

The company itself doesn’t charge any internal fees for deposits or withdrawals, though any external transfer fees are the client’s responsibility.

Demo Account at Pepperstone

Pepperstone offers a 30-day demo trading account for anyone wanting to try out a potential partnership with the company, loaded with £50,000 in virtual funds.

Those wanting to get used to the technology and full range of offerings can do so on either of two different platforms: MetaTrader 4 or cTrader, depending on personal preference.

This lets prospective investors get a genuine sense of what Pepperstone can offer them, and helps demonstrate the company’s commitment to delivering a high-quality product suited to client needs.

Pepperstone Account Types

Pepperstone offers a range of account types to choose from, and this variety ensures individual trading needs are properly met – there’s something here for everyone from this well-known broker.

From the commission-free Standard account through to the option for active traders with tighter spreads, interbank pricing, advanced technology and deep liquidity are included as standard, meaning there’s really no bad choice. The main accounts are as follows:

• Standard account: $0 commission, STP spreads at institutional-grade pricing
• Razor account: spreads from 0.0 pips
• Swap-free account: no interest, $0 commission, STP spreads
• Active Trader account: spreads from 0.0 pips, with a setup built specifically for high-volume traders and institutions

Contact Details and Customer Support

Pepperstone appears committed to delivering an accessible experience for clients and can be reached in several different ways.

First, it has offices in London, Melbourne and Dallas, and online support is available 24 hours a day, or through the live chat feature accessible via the company’s website.

Licenses

Pepperstone was founded in 2010 by a seasoned management team with years of experience in the forex and technology industries. The company is headquartered in Melbourne, Australia, with offices in Dallas in the United States and Shanghai in China. Since 2010, Pepperstone has led the electronic forex trading revolution in more than 65 countries.

Pepperstone is a broker licensed by the Financial Conduct Authority (FCA) in the United Kingdom and the Australian Securities and Investments Commission (ASIC) in Australia.

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