Pepperstone is a CFDs and Forex broker. They offer a variety of investment assets such as forex, commodities, indices, currency indices, cryptocurrencies, shares and ETFs.
They provide several trading platforms such as Trading View, MT4, MT5, Pepperstone trading platform and cTrader. Let’s see if it is a Pepperstone scam or legit and is Pepperstone regulated.
Pepperstone review
In 2010, a group of experienced traders came together in Melbourne, Australia under the name Pepperstone to promote online trading. They began by providing global traders with cutting-edge technology, affordable spreads and a true commitment to becoming trading experts.
Their process trades an average of US$9.2bn each day. This makes them one of the largest forex brokers in the world. They are trusted by over 400,000 traders worldwide. They have 90+ currency pairs like AUDUSD, EURUSD, GBPUSD and more. Read our full review of Pepperstone: key facts before you trade safely.
Why Pepperstone
- It provides razor-sharp spread
- Fast and reliable platform
- Deep liquidity
- One of the trusted brokers
- Access high leverage
- Exclusive account features
- Provide an active trader program
Is Pepperstone Safe?
Is Pepperstone legit? Yes, Pepperstone is a safe and secure trading platform in this business world. Here are some factors that make Pepperstone safe. These are:
- Pepperstone regulation
- Pepperstone Awards
- Negative balance protection
- Segregate account
- Compensation fund
- Stop-loss and take profit order
- Account features
- Offering demo account
- No charges on inactive fees
- Easy closing method
- Customer services
Pepperstone regulation
Is Pepperstone regulated? Yes. Pepperstone is regulated by a top-tier financial authority. Pepperstone headquarters is located in Australia. It offers 156 tradable assets using 5 different trading platforms. It has a high level of regulations from different countries such as:
| Regulated country | Regulated by |
|---|---|
| UK | Financial Conduct Authority (FCA) |
| Australia | Australian Securities and Investments Commission (ASIC) |
| EU & EEA | Cyprus Securities and Exchange Commission (CySEC) |
| Middle-East | Dubai Financial Services Authority (DFSA) |
| Austria & Germany | Federal Financial Supervisory Authority (BaFin) |
| African countries | Capital Markets Authority of Kenya (CMA) |
| Other clients | Securities Commission of The Bahamas |
Pepperstone Awards
Pepperstone platform has received numerous awards for its trading platform, customer service, education and trustability. The awards are given below:
| Awarded year | Awards | Awarded by |
|---|---|---|
| 2024 | ||
| 2023 | ||
| 2022 |
Negative balance protection
In a rapidly changing market, your account balance may be negative due to price changes or volatility. If this happens, retail customers are protected by negative balance protection, which resets the balance to zero, ensuring you never lose more than you invested.
This protection enables retail investors to avoid exposure to sudden losses. However, professional traders are not covered by this and must manage their risks independently.
Segregate account
Pepperstone segregated customer funds by keeping them in Tier 1 banks and offers several fee-free financing options.
In the rare event of Pepperstone’s liquidation, retail customers’ segregated funds are protected under the Corporations Act 2001, which ensures compliance with legal requirements to protect customer money.
Compensation fund
Pepperstone offers compensation in some cases. Under the FSCS, if one of Pepperstone’s holding banks becomes insolvent, a company can cover losses of up to £85,000 per person.
If Pepperstone itself were to liquidate, retail customers could receive up to €20,000 in compensation from the Investor Compensation Fund (ICF).
Stop-loss and take profit order
Pepperstone allows you to set a stop loss or take profit when trading to manage risk or protect profits at a specific price. You can also adjust these settings after the trade is done. If one is triggered, a market order will be executed to close your trade at the next best price.
Account features
Pepperstone offers three live trading accounts. Razor, Standard and Swap-Free, each suited to different trading options.
- Razor accounts have low spreads and commissions, suitable for active traders.
- The standard account has no commissions but spreads slightly higher.
- The swap-free account is interest-free, offering traders following Islamic finance.
There are no costs associated with withdrawal fees, deposit fees or account maintenance at Pepperstone. Opening an account with a minimum of $200.
Offering demo account
Pepperstone also provides a free demo account for the novice. It allows users to practice and understand the trading strategy without risking real money. The MT4 and MT5 platform’s demo accounts expire after 30 days automatically.
If you want a non-expiring demo account you can choose cTrader platform demo accounts. But, in this account, you will log in at least once every 30 days.
No charges on inactive fees
Forex and CFDs brokerage platforms do not charge maintenance of any account at Pepperstone or inactive fees.
Easy closing method
Many traders have doubts about how to close my account. Pepperstone provides a simple closing step on its website.
- You can contact them at [email protected] or message them via live chat.
- Once you have closed all your open positions and made a withdrawal or transfer.
- Provide details of the account you wish to delete.
- For you, they will close the trading account.
Customer services
Pepperstone provides comprehensive customer service for reputable traders and customers. The services are available 24/5 through email and phone.
- Email: [email protected]
- Phone: +61 3 9020 0155
- Address: Level 16, Tower One, 727 Collins Street,
Melbourne, VIC, Australia, 3008.
- Trading hours: Start – Sunday at 20.00 ET
End – Friday at 17.00 ET.
- Pre-market hours: 4:00 AM ET to 9:30 AM
- Post-market hours: 4.00 PM to 8.00 PM ET
- Overnight trading hours: 8:00 PM to 4:00 AM.
Conclusion
Pepperstone is a reliable and flexible trading platform that offers a wide variety of account types and low-cost and easy-to-use features to suit the needs of a wide range of traders.
It guarantees flexibility for all trading types by offering low spreads, commission-based and commission-free options, and interest-free accounts for individuals with unique demands.
Its strong money protection features and compensation plans, along with the availability of a demo account for practice, further increase its appeal, making it a great choice for both new and experienced traders.
Pro Tips
We recommend investing in regulated brokers like Pepperstone. Enhance your trading journey with our trusted forex broker. Here you can trade various types of investment instruments like stock, cryptocurrencies, CFDs and forex.
