Pepperstone is a well-known online broker. It offers competitive prices, advanced trading platforms, and a wide range of trading tools. Let’s examine Pepperstone’s offerings to see if they align with your trading requirements.
Quick insights
Pepperstone is a well-regarded broker with strong regulations, many trading options, advanced platforms, and great customer service. It has received a high rating of 9 out of 10. However, before investing, potential clients should research its execution speed and read client reviews to make an informed decision.
Pepperstone broker review
Pepperstone is a leading forex and CFD broker trusted by over 400,000 traders worldwide. Pepperstone has daily trading volumes of over $12.55 billion. It has won several awards, including the Investment Trends Award, TradingView Award, and Good Money Guide Best MT4 Broker.
FCA, ASIC, DFSA, CySEC, CMA, BaFin, and SCB regulate Pepperstone. It offers two account types: standard and razor accounts. It provides Trading View, MT4, MT5, cTrader, and its proprietary platforms. It provides various instruments like Pepperstone FX, shares, commodities, Indices, Cryptocurrencies, and ETFs.
Pepperstone also offers various deposit and withdrawal methods. It also provides educational resources like trading guides, videos, and Webinars. It also supports 24/7 customer support through various channels.
Pepperstone regulation
Is Pepperstone regulated? Yes, multiple financial authorities around the world regulate Pepperstone. This ensures that the broker works within the rules. This gives clients a level of security and transparency. So, Pepperstone is not a scam.
The regulatory authority and its location are given in the tabular column below.
| Regulatory authority | Abbreviation | Location |
|---|---|---|
| Financial Conduct Authority | FCA | United Kingdom |
| Australian Securities and Investments Commission | ASIC | Australia |
| Dubai Financial Services Authority | DFSA | United Arab Emirates |
| Cyprus Securities and Exchange Commission | CySEC | Cyprus |
| Capital Markets Authority of Kenya | CMA | Kenya |
| Securities Commission of The Bahamas | SCB | The Bahamas |
| Federal Financial Supervisory Authority | BaFin | Germany |
Security measures
- Retail clients are protected from negative balances, with balances returned to zero.
- Pepperstone reviews provide segregated client accounts and your funds are held in separate bank accounts within the European Union.
- The Investor Compensation Fund ICF provides up to €20,000 or 90% of cumulative covered claims per client.
- If a Pepperstone holding bank becomes insolvent, the Financial Services Compensation Scheme (FSCS) could cover your losses up to £85,000 per person.
How do you open an account with Pepperstone?
To open an account with Pepperstone broker the following steps follow:
- Visit Pepperstone’s website and click on the Pepperstone “Open Account” button.
- Choose an account type that fits your trading style and risk tolerance.
- Provide personal details like your name, address, and contact information.
- Upload documents like a passport or driver’s license to verify your identity.
- Deposit funds into your trading account using available payment methods.
- Once your account is fully verified and funded, you can start trading the available instruments.
Pepperstone account types
Pepperstone has two types of accounts. They are given below.
- Razor account type
- Standard account type
| Account types/ Features | Razor account | Standard account |
|---|---|---|
| Trading platform | MT4, MT5, cTrader & TradingView, Pepperstone trading platform | cTrader/MetaTrader 4 and 5, Pepperstone trading platform |
| Commission (FX only) | From 3 USD (per lot, per side) | No commission |
| Spreads | Raw from 0 | Variable |
| Pepperstone maximum leverage for retail clients | 1:200 | 1:200 |
| Maximum leverage for professional clients | 1:500 | 1:500 |
| Account currencies | USD, JPY, NZD, SGD, EUR, GBP, AUD, CAD, CHF, HKD | USD, CAD, CHF, JPY, NZD, SGD, HKD, EUR, GBP, AUD, |
| Instrument offered | 1200+ | 1200+ |
| Stop out level (Retail) | 50% | 50% |
| Stop out level (Professional) | 20% | 20% |
Pepperstone minimum deposit
Pepperstone offers flexible funding options with no minimum deposit requirements.
Pepperstone demo account
Pepperstone offers demo accounts, which last for 60 days, offer real market pricing, and can be loaded with up to 50,000 virtual funds in any of the trading account currencies available from the relevant Pepperstone entity.
- MT4/5 demo accounts: Expire after 60 days but can be extended to non-expiry with a live account. Non-expiry accounts are archived after 90 days of inactivity.
- Demo account limits: Up to 10 demo accounts with a live Pepperstone account or 5 without one (2 MT4, 1 each for MT5, cTrader, TradingView). Additional demos require waiting for the previous one to expire.
Pepperstone trading platform
Pepperstone review offers a wide variety of trading platforms. They are given below.
- Trading View
- MT4
- MT5
- cTrader
- Pepperstone proprietary platform
Trading View
- TradingView offers advanced charts, a social network, and the ability to automate trading using Pine Script.
- This platform allows traders to analyze markets, share ideas, and create automated strategies.
- Enjoy a seamless trade experience by integrating TradingView charts directly into your Pepperstone MT5 platform.
Pepperstone MetaTrader 4 (MT4)
- MetaTrader 4 (MT4) offers a comprehensive set of tools for forex traders, including technical analysis indicators, customizable interfaces, automated trading capabilities using MQL4, back-testing features, and the ability to trade 24/5.
- Additionally, MT4 provides access to 28 pre-installed indicators and Expert Advisors (EAs) through its Smart Trader Tools, further enhancing your trading capabilities.
Pepperstone MetaTrader 5 (MT5)
MT5 offers a comprehensive suite of features for sophisticated traders:
- It includes a strategy tester, intuitive interface, advanced charting, MQL5 programming, platform customization, 21 multiple timeframes, optimized processing, market analysis tools, hedging capabilities, and 38 built-in indicators.
- With Pepperstone MT5, you can enjoy the flexibility of mobile trading while benefiting from advanced charting tools and order execution.
- This can be a great way to attract followers and potentially participate in copy-trading programs.
cTrader
- cTrader offers a user-friendly platform for forex trading with features like advanced charting, order management, customization options, risk management tools, and the ability to code in C#.
- It is designed to replicate an institutional trading environment and provides optimized processing for EAs and indicators.
- You can access the cTrader platform on desktops, tablets, or smartphones.
Pepperstone proprietary platform
- Pepperstone’s new trading platform offers access to global markets, including forex, commodities, indices, and cryptocurrencies, with secure and efficient trading features.
- This platform has a quick switch that allows for easy navigation between charts, while live streaming prices enable real-time monitoring and management of positions.
- The platform offers various charting options and analysis tools for comprehensive market insights, along with technical indicators and risk management features to support informed trading decisions.
- Create and customize your watchlists or follow public ones to stay organized and informed.
Pepperstone trading assets
Pepperstone broker offers a diverse range of over 1200 trading instruments, allowing you to explore various market opportunities.
Pepperstone Forex broker review
Pepperstone forex review trades the world’s most liquid market with Pepperstone. Access major, minor, and exotic currency pairs with low commissions, and competitive spreads. EURUSD is the major traded currency in the forex market. The Pepperstone leverage forex is 1:200.
Shares
Enjoy competitive pricing, deep liquidity, and low commissions on a wide range of shares from Australia, the United States, the United Kingdom, and Germany. Invest in meme stocks, blue chip companies, and household brands from 23 equity index markets with Pepperstone leverage of 1:20.
Commodities
Trade commodity futures, including coffee, cocoa, cotton, orange juice, and sugar, as well as the USDX, with leverage up to 1:50.
Indices
Trade 14 major stock market indices globally with Pepperstone. Benefit from zero commissions and leverage up to 1:200.
Currency indices
Trade the USDX, the most popular currency index, as a CFD with leverage up to 1:200.
Cryptocurrencies
Trade CFDs on 5 major cryptocurrencies with up to 20:1 leverage. No wallet or exchange needed.
ETFs
Explore our extensive range of over 100 ETFs covering sectors like mining, energy, technology, bonds and retail.
Deposit and withdrawals of Pepperstone
Pepperstone deposit methods
Pepperstone broker offers a variety of deposit and withdrawal methods to cater to the needs of its global clients. They are listed below.
- Credit/debit cards
- Bank transfer
- PayPal
- Neteller
- Skrill
- Union Pay
- USDT
Withdrawal conditions
- Withdrawal forms received after 21:00 GMT will be processed the next day.
- Withdrawal requests submitted before 7:00 AM AEST will be processed on the same day.
- Funds can only be withdrawn to a bank account that matches the name on your Pepperstone trading account.
- International Telegraphic Transfer (TT) fees charged by banks are passed onto the client.
- Pepperstone offers a wide range of fee-free funding options for traders in most countries.
- Pepperstone does not charge withdrawal fees.
- There is no Pepperstone minimum withdrawal amount for bank transfers.
Pepperstone referral program
Pepperstone offers a referral program that allows you to earn rewards for referring friends and family to the platform. When your referred friend funds and trades with Pepperstone, you’ll both receive a Pepperstone bonus of up to USD$1,000, depending on their deposit and trading activity.
Fees and commissions of Pepperstone
The fees and commission of Pepperstone are given below.
Forex spreads
The forex spread for two account types are given below.
| Currency pairs | Razor min spread | Razor avg spread | Standard min spread | Standard avg spread |
|---|---|---|---|---|
| AUDUSD | 0.0 | 0.2 | 1.0 | 1.2 |
| EURUSD | 0.0 | 0.1 | 1.0 | 1.1 |
| GBPUSD | 0.0 | 0.3 | 1.0 | 1.3 |
| USDCAD | 0.1 | 0.4 | 1.1 | 1.4 |
| USDCHF | 0.0 | 0.3 | 1.0 | 1.3 |
| USDJPY | 0.0 | 0.3 | 1.0 | 1.3 |
Commodities spread
The spread for various commodities is given below.
| Symbol | Min spread |
|---|---|
| XAUUSD | 0.5 |
| XAGUSD | 1.00 |
| Spot Brent | 2.5 |
| Spot Crude WTI | 2.5 |
| Gasoline | 8.00 |
| NatGas | 0.5 |
| Coffee | 3.4 |
Indices spread
The various indices spread are given below.
| Symbol | Razor spread range | Standard spread range |
|---|---|---|
| AUS200 | 1.0 – 1.5 | 1.0-1.5 |
| EUSTX50 | 1.6 – 1.7 | 1.6-1.7 |
| FRA40 | 1.0 – 1.2 | 1.0-1.2 |
| GER400 | 0.9 – 1.2 | 0.9-1.2 |
| JPN225 | 8.0 – 8.0 | 8.0-8.0 |
| NAS100 | 1.0 – 1.2 | 1.0-1.2 |
| UK100 | 1.0 – 1.4 | 1.0-1.4 |
| US30 | 2.0 – 2.3 | 2.0-2.3 |
| US500 | 0.4 – 0.4 | 0.4-0.4 |
Crypto spread
The various Crypto spreads are given below.
| Symbol | Razor spread | Standard spread |
|---|---|---|
| BTCUSD | 13.00 – 21.17 | 13.00 – 21.17 |
| BTCEUR | 52.00 – 67.55 | 52.00 – 67.55 |
| BTCGBP | 46.00 – 58.72 | 46.00 – 58.72 |
| BTCAUD | 110.00 – 140.61 | 110.00 – 140.61 |
| ETHUSD | 3.00 – 3.03 | 3.00 – 3.03 |
| ETHEUR | 5.10 – 5.85 | 5.10 – 5.85 |
| ETHGBP | 4.80 – 5.42 | 4.80 – 5.42 |
| ETHAUD | 8.10 – 9.50 | 8.10 – 9.50 |
| LTCUSD | 2.6 – 2.8 | 2.6 – 2.8 |
Share trading commission
The share trading commission is given below.
| Share Category | Commission per side | Minimum commission |
|---|---|---|
| Australia Share CFDs | 0.07% | No minimum commission |
| German Share CFDs | 0.10% | No minimum commission |
| Hong Kong Share CFDs | 0.20% | No minimum commission |
| UK Share CFDs | 0.10% | No minimum commission |
| US Share and ETF CFDs | 0.02 USD per share | No minimum commission |
Commission fees on MT4/MT5 Razor accounts
The MT4/MT5 razor trading accounts commissions are given below.
| Trading account currency | Commission per 1 lot (100,000 base currency) | Round turn commission |
|---|---|---|
| USD | 3.5 | USD 7 round turn |
| EUR | 2.6 | EUR 5.20 round turn |
| GBP | 2.25 | GBP 4.50 round turn |
| CHF | 3.3 | CHF 6.60 round turn |
| AUD | 3.5 | AUD 7 round turn |
| JPY | 303 | JPY 607 round turn |
| NZD | 4.75 | NZD 9.50 round turn |
| SGD | 4.55 | SGD 9.10 round turn |
| HKD | 28.17 | HKD 56.34 round turn |
| CAD | 3.5 | CAD 7 round turn |
Commission for other trading platforms
The commissions for other trading platforms are given below.
| Trading platform | Round-trip commission |
|---|---|
| cTrader | $6 |
| TradingView | $7 |
| Pepperstone trading platform | $7 |
Non-trading fees
- Deposit fee: No fees
- Withdrawal fee: No fees (Bank may charge intermediary fees)
- Inactivity fee: No fees
Pepperstone educational materials
Pepperstone offers educational resources like webinars and trading guides to help you learn about trading. These resources cover topics like margin, risk management, CFDs, and specific markets like crypto and energy. You can also learn about trading platforms, automated trading, and trading strategies for different market conditions.
Pepperstone help desk
Pepperstone offers customer support through various channels like 24/7 phone, e-mail, and live chat.
- Phone: +1786 628 1209
- Email: support@pepperstone.com
- Live chat is available on their website
- Address: #1 Pineapple House,Old Fort Bay,Nassau,New Providence,The Bahamas
Conclusion
Pepperstone stands out as a strong contender for forex and CFD traders of all levels. Its extensive regulations, diverse platform options, and wide range of instruments create a robust trading environment. Regulated by multiple authorities, Pepperstone ensures a secure and transparent experience.
Choose from platforms like MT4, MT5, cTrader, and TradingView to find the best fit for your trading style. Benefit from Pepperstone’s educational resources and 24/7 customer support as you strive to achieve your financial goals.
Disclaimer: Trading CFDs carries a high risk of losing money rapidly due to leverage. 81.3% of retail investors lose money. Educate yourself about the risks associated with trading.
Pro Tip
Before starting live trading, consider using Pepperstone’s demo account to practice and familiarize yourself with the platform. Empower your trading journey with our trusted forex brokers. Gain expertise in using the right tools and charting indicators to make informed decisions. Beyond forex, explore our comprehensive range of offerings for stocks, crypto, CFDs and banking. Drop your comments below.
