Pepperstone Guide – Read our In-Depth Pepperstone Review
This Pepperstone review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, Social Trading.
Please note that due to regulations, the content in this Pepperstone review does not apply to US users.
Our full Pepperstone Review covers everything you need to know about trading with Pepperstone. A good broker can multiply your initial investments and give you favorable profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investing goals.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your broker before you choose them. It is a common misconception that all brokers are the same, but that’s not true. Wrong judgment, in the beginning, can put your investments at risk.
Pepperstone is a broker that has paved its way successfully into the brokerage world. In this review, we have tried to collate some of the important aspects of Pepperstone. This review will help you to understand whether Pepperstone is a good fit for your investments or not. We have tried to breakdown all the features and fees for your convenience.
Who Are Pepperstone?
Pepperstone is an Australian forex broker and provides a range of instruments for trading. The broker is headquartered in Melbourne and has branches in a few other countries. Since its inception in 2010, Pepperstone Group has emerged as a top-tier player in the field of online brokerage. Pepperstone has a highly competitive and full-featured trading website that is focused on forex, indices, metals, shares, commodities.
After establishing in 2010, the broker rapidly ventured into Europe. Pepperstone opened a London office in 2015 to serve its European clients. In less than a decade, their consumer base has become as large as 57,000. The daily transaction size of Pepperstone is approximately $12.55 billion.
Pepperstone has been the favorite of many traders because of its tight spreads and fast execution. Our Pepperstone review found that they are an excellent choice for scalpers and automated trading solutions. It is best suited for investors who are looking for a variety of assets. Social and automated trading solutions make the core at Pepperstone.
The technology plays a significant role at Pepperstone. Pepperstone offers over 30 plugins and five popular platforms. Pepperstone is honest, transparent, and a well-regulated broker. Their outstanding array of tools will be beneficial for most of the traders. Third-party partnerships also provide in-house research.
The educational section is very insightful for new traders as it allows them to have a closer look at the financial markets. Pepperstone caters to all types of traders and a must-have for any well-diversified approach to trading. In August 2012, Pepperstone launched the EDGE FX trading platform as an alternative to the MT4 platform.
Who Founded Pepperstone?
While formulatiing this Pepperstone review we dug into the history of Pepperstone.
It was founded by Owen Kerr and Joe Davenport in 2010. Both the founders have received awards for EY Entrepreneurs Of The Year in 2014. The founders are known for their expertise in the world of online trading. Other key people who have a significant contribution to Pepperstone are Tamas Szabo and Fiona Lock.
Benefits Of Trading With Pepperstone
Pepperstone comes with numerous benefits. These benefits are what sets Pepperstone apart from all other online brokers. You should check all the benefits listed so that you have a better understanding of Pepperstone.
The broker goes to great lengths to understand what traders want. As a result, the service cost is low, quick, and convenient. The broker also provides a variety of platforms for all types of traders. Pepperstone ensures that the individual needs of all traders are duly met.
Pepperstone also features excellent trading conditions that are available to only an elite class of institutional clients. The tight spreads and fast executions are a great advantage for the traders. The technology adopted by Pepperstone is of the highest caliber, ensuring that it’s fast, dependable, and efficient.
Pepperstone acknowledges the importance of having a fast order execution. A fast execution will allow users to trade without worrying about slippage safely. It will also help the traders to grab the maximum profitable opportunities.
Automated trading is another important aspect of Pepperstone. A new trader can learn from industry experts using the automated trading option. The tight spread starts from as low as 0.0 pips, though they are available for only razor accounts.
Pepperstone has over 180 trading instruments to support all kinds of traders. These instruments are dynamic and suitable for both new and experienced traders. The traders can put aside all their worries when trading with Pepperstone.
What You Should Know About Trading With Pepperstone
Pepperstone is a dynamic platform that offers over three methods of trading. You can trade with Forex, CFDs, and Social Trading with Pepperstone. These techniques cover the financial markets substantially. Most of the brokerage platforms offer only two methods and eliminate Social trading.
If you want to trade with Pepperstone, you will need a minimum deposit of $1. This deposit is mandatory if you want to start trading with Pepperstone. The company also offers spread betting to clients in the UK and Ireland. This Pepperstone review 2023 will guide you clearly about trading with them.
Pepperstone is as versatile as any other brokerage platform. Pepperstone is ideal for traders that want a manageable range of low-cost services. The platforms provided by Pepperstone are third-party, white-label offerings. The traders can choose from platforms like MT4, MT5, and cTrader. Pepperstone is also partners with Equinix to offer low-latency access to the global interbank system.
Along with everything, Pepperstone allows scalping as well. In other words, the clients can enter and exit trades very quickly. There is no minimum time over which a trade must be kept open. The brokers offer premium client service that rewards clients with benefits such as VPS hosting, advanced trading tools, etc.
Many brokers attempt to pressurize users into bigger funding for premium services. Pepperstone, on the other hand, is more centered on trading volume. Traders can expect trading conditions to be fair and transparent. The more lots traded by the user, the more advantages will come along.
Our Pepperstone review found that they do not accept registrations from the following countries:
- Burma
- Canada
- Cote d’Ivoire
- Democratic People’s Republic Of North Korea
- Democratic Republic Of The Congo
- Eritrea
- Former Federal Republic Of Yugoslavia
- Iran
- Iraq
- Japan
- Lebanon
- Liberia
- Libya
- New Zealand
- Somalia
- Sudan
- Syria
- United States Of America
- Zimbabwe
Is Pepperstone Safe To Trade With?
Safety is the biggest concern of all traders, and it is the most important consideration while choosing a broker. To ensure your safety, you should always check the regulatory status of the broker. Brokers trading outside the supervision of a regulatory body are not the best choice. In such situations, the capital you invest is at risk.
Thankfully, while researching this Pepperstone Review we found that they are a fully regulated online broker. They have been in this industry for a decade, and that is another safety aspect of the broker. Pepperstone is regulated and supervised by the Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (AISC). Their conduct is also checked by the Dubai Financial Services Authority (DFSA).
The broker is licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 regulatory bodies. Your broker must be regulated by known regulatory bodies. Regulated brokers can not manipulate market prices. If Pepperstone is found to be violating any regulatory rules, its regulated status could be stripped.
Pepperstone has a well-planned structure to safeguard your funds. All the payments funded to the broker by you are held in a segregated bank account. This process is carried out using tier-1 banks for added security.
Pepperstone holds professionals indemnity insurance with the Lloyd’s of London. The United Kingdom traders also receive protection under the Financial Services Compensation Scheme Protection (FSCS). Pepperstone is additionally audited by Ernst & Young.
The clients outside the U.K./E.U. are not entitled to negative balance protection, and the stop loss is unassured. The broker features a two-factor authentication system. However, biometric authentication is missing.
Pros & Cons Of Trading With Pepperstone
Once you have read this Pepperstone review and before you move on with the registration process, you should be well-acquainted with the pros and cons of Pepperstone. All brokers are not flawless. Even the best one like Pepperstone has numerous drawbacks. This Pepperstone 2023 review has analyzed all the pros and cons for you.
Pros
- Pepperstone has a low FX spreads starting from one pip. This is very competitive in the retail FX brokerage world.
- Pepperstone holds a regulatory status provided by the Financial Conduct Authority.
- The broker offers negative balance protection.
- The range of platform offerings is quite wide.
- The deposit and withdrawal methods are seamless.
- You can start trading with Pepperstone with a deposit of $1
- They also feature smart trader’s tools that have 28 plugins.
- It allows traders to develop customized signals or automated trading solutions.
- It provides a variety of payment options.
- The customer support is excellent and is available 24/5.
- Pepperstone has an array of trading instruments.
- They offer three great customizable ways to trade.
Cons
- The negative balance protection is unavailable outside E.U. & U.K.
- The Demo accounts expire after 30 days.
- Non-EU traders aren’t covered by additional investor protection.
- It is not regulated by CySEC.
- It does not accept registrations from the United States Of America.
- Pepperstone does not guarantee stop loss
- The website is sub-standard. The website needs better maintenance.
- The news flow is basic and needs upgrades.
Pepperstone Review – Regulation And Licensing In More Detail
This Pepperstone Review thoroughly checked the regulation and licensing details of Pepperstone. This broker is supervised by reputable organizations. After going through the regulatory bodies, you will have clarity over trading with Pepperstone. The regulatory authorities protect users with reimbursement schemes.
Pepperstone has to comply with a set of rules and regulations laid down by the authority. If they fail to comply, their regulatory status could be snapped. The main aim of regulatory bodies is to protect the traders and create a safe trading environment.
The Markets In Financial Directive (MiFID) allows Pepperstone to work as a regulated entity all over the European Union. Pepperstone is regulated by all the bodies listed below.
- Financial Conduct Authority (FCA)
- Australian Securities and Investment Commission (ASIC)
- Dubai Financial Services Authority (DFA)
- Pepperstone Markets Limited is incorporated in The Bahamas (No. 177174 B)
- Licensed by the Securities Commission of The Bahamas (SCB) No. SIA-F217
All these institutions have separate rules that the broker must abide by. These regulatory bodies are proof that this broker is genuine. Since this broker has a good record with these regulatory bodies, users can have a worry-free time while trading.
Pepperstone Review – Awards
No Pepperstone review would be complete without assessing the awards of the company. When you choose a celebrated broker, you can expect a lot of perks to flow in. Apart from being safe, awarded brokers have best-in-class features. Such brokers always keep updating their platforms to stay in the race.
Pepperstone has won many awards for its impeccable service. Their trading instruments and conditions have been appreciated by traders all over the world. This broker has won several awards in the past years.
These awards have been presented to them based on their service, instruments, technology, and many more grounds. All these awards imply that Pepperstone is a potential choice amongst traders. These awards have been presented by prestigious organizations.
- Global Forex Awards Best Global Forex ECN broker 2019 Winner
- Global Forex Awards Best Forex Trading Support Europe 2019 Winner
- Investment Trends Australia Number 1 for Spreads 2018 winner
- UK Forex Awards Best Forex ECN Broker
- UK Forex Awards Best Forex Trading Support 2018 Winner
- UK Forex Awards Trading Conditions 2018 Winner
- Australia FX Report Investment Trends Number 1 Customer Service Winner 2018
- Australia FX Report Investment Trends Number 1 Value for Money 2017 Winner
- Australia FX Report Investment Trends Number 1 for Risk Management 2017 Winner
- Australia FX Report Investment Trends Number 1 for Education Materials 2017 Winner
- Australia FX Report Investment Trends Number 1 for Fund Withdrawal 2017 Winner
- Exporter of the year awarded by Governor of Victoria Export Awards
- Digital Technologies Awards by Governor of Victoria Export Awards
- Growth Company Of the Year by Australian Growth Company
- Australia FX Report Investment Trends Number 1 for Customer Service
Pepperstone Review – Commission And Fees Explained
Pepperstone is known for its variety of instruments and great service. The trading tools, informational sources, and mobile trading applications are a few benefits provided by the broker. These additional services incur charges to maintain the quality of service. This Pepperstone review 2023 covers all the charges collected by Pepperstone.
These charges can vary from one account type to another. The fees charged by Pepperstone is not the same as other brokers. You must have an idea about these charges before you move ahead for trading. These commissions are also one of the main sources of revenue for Pepperstone.
Pepperstone Review – Minimum Deposit
Pepperstone requires a minimum deposit amount of 200 GBP/USD when opening a new account. The minimum deposit can be termed as the amount needed to open an account with the broker. Like all the brokers, you need to deposit the minimum account to register with Pepperstone. Don’t worry because the minimum deposit is very low with Pepperstone. Many people are afraid to pay this amount.
Online brokers that charge high minimum deposits tend to offer additional and great services. The benefits and services are often very useful to traders. These charges are not mandatory, and the traders can opt for the minimum deposit amount.
The motive of offering lower minimum deposits are to attract the mainstream audience. These amounts are directly focused on the larger group of traders. You should note that a low deposit amount does not guarantee you all the features.
A few online brokers do not charge any deposits to gain new customers. In such cases, the transaction fees or transaction commission may be higher. Brokers who ask for a larger minimum deposit amount usually offer a variety of trading features. With a high rate, you can avail in-depth technical analysis and research tools, and better risk management features.
The advent of multiple online trading platforms has been very beneficial for traders. Nowadays, you will observe that online brokers have been eliminating minimum deposit policies. A few types of trading account require a minimum deposit as high as 6500 GBP/USD. You’ll be shocked to hear that a few brokers may charge even 10,000 GBP/USD for their service.
Pepperstone review – Withdrawal Fees
All the traders will be contented to know that Pepperstone does not charge any withdrawal fees. This is a win-win situation for the traders as not all brokers allow to withdraw funds free of charge. Each broker has its own specific rules on withdrawal. They all have different withdrawal methods as well.
The withdrawal fees also depend upon the payment method. Each payment provider may have different processing fees and even processing times. Pepperstone allows for multiple withdrawal methods. The traders can use a verified PayPal account, Skrill, Payoneer, Neteller, or UnionPay. To make the platform more user-friendly, they have retained the option of bank account transfers as well.
Pepperstone Review – Inactivity Fees
Inactivity fees are a nightmare for part-time traders. If you are a part-time trader, you will find Pepperstone extremely convenient. Pepperstone does not levy any charges for inactive accounts. An inactivity fee can only be charged to the registered brokerage client.
The inactivity charges are generally stated along with the terms and conditions provided at the beginning. The clients must fulfill the terms and conditions stated by the broker. If an account doesn’t have any transactions for a long period, the broker is entitled to charge an inactivity fee.
The inactivity fees do not differ from one account to another. Many online brokers charge inactivity fees to retain their clients. Make it a point to check the broker’s website before you register with them. You must be satisfied and happy with the inactivity policy stated by your broker.
It is recommended to deactivate the brokerage account if it’s no longer in use. Before you opt-out, you should have confirmation regarding any remaining fees. All regulated brokers have an obligation to disclose the inactivity fee beforehand.
These amounts are charged as a form of compensation for maintaining your account on their expensive trading platforms. You should go through the inactivity rules of your broker before selecting them. Pepperstone has kept the inactivity fee to zero to retain their clients.
Pepperstone Review – Deposit Fees Explained
Pepperstone is one of the online brokers that do not charge deposit fees. The deposit fees charged by the broker also depend on the payment merchant. Some brokers have varied charges for each payment method. The deposit processing time for each method varies.
It is believed that depositing funds from a credit card incur more charges. The fee is generally indicated in terms of percentage and is dependent upon the size of the transfer. Since Pepperstone has a free-deposit rule, traders can deposit anytime without a hassle.
A few brokers charge a high sum under the deposit fee. This can be a huge burden for the traders in the long term. The traders should pick brokers like Pepperstone that have flexible depositing fees.
What Can You Trade With Pepperstone
The main difference between any two brokers is the variety of instruments offered by them. An ideal broker will have a range of instruments available under them. In the world of trading, more is better. When you trade with more instruments, you are exposed to more dynamic financial markets.
The different entities under Pepperstone Limited offer different trading assets. This is because of the regulatory restrictions applied to them. The trading instruments are wide, but not all of them are available to all traders. The trading instruments offered by Pepperstone is not the same all across the world.
The instruments available in Dubai, London, or Australia are very different from other countries. One thing is sure that all types of traders can find a suitable instrument match for themselves. The instruments are great for new as well as experienced traders.
Traders who are interested in currency pairs can trade them with Pepperstone. Pepperstone offers over 70 currency pairs. A great variety of currency pairs is always a favorable scene for traders. Pepperstone offers the following instruments.
- 60+ FX pairs
- 16 index CFDs
- 60+ share CFDs
- 12+ commodity CFDs
- 5 cryptocurrency CFDs
- 3 currency index CFDs
All instruments are available for all types of accounts under Pepperstone. The cryptocurrency fees aren’t well documented, which can be a disadvantage for the traders. The MetaTrader 5 platform allows the traders to trade U.S. share CFDs.
More than 60 U.S. stocks can be selected to be traded as CFDs, as they have a low commission rate. The traders can easily go long or short on these CFDs with Pepperstone. The most popular instrument on Pepperstone is Forex. Pepperstone offers all major, minor, and exotics to trade in the Forex market.
The trading conditions under the Forex market has a low commission and competitive spreads. Traders will enjoy low latency, high-quality execution, and flexible leverage. Pepperstone is very transparent when it comes to index CFDs. The Index CFDs have no hidden mark-ups, no dealing desks, low latency, and no re-quotation.
You can leverage the indices of up to 200:1. Traders can adopt diverse strategies and grab opportunities across global equity markets with indices. You can even trade top US shares such as Tesla, Boeing, Apple, and Alibaba. The commission rate for these shares is surprisingly affordable.
Our Pepperstone review also investigated what commodities such as coffee, cocoa, cotton, sugar, and even orange juice are available to trade. Precious materials like gold, silver, platinum, and palladium are available at low prices and are commission-free. These commodities can prove themselves to be very effective in expanding your trading strategy.
What Accounts Do Pepperstone Offer?
The common trend in the financial market is the option of multiple accounts. Whatever trading style you adopt, Pepperstone has numerous choices for you. All traders are unique and different; hence they require different types of accounts.
You must choose an account according to your experience in the financial markets. Before we move on to the type of accounts, you must know what the similarities of all the accounts are.
- All accounts have a maximum lot size of 100
- Scalping allowed in all accounts
- Hedging is facilitated in all accounts
- No dealing desk execution
- The minimum lot size is 0.01
- All accounts are entitled to leverage of up to 500:1
- AUD 200 is the minimum deposit amount
- The base currencies are the same in all types of accounts
- News trading is available across all accounts
- Expert advisors are allowed
We have carefully analyzed and listed all the types of accounts so that you can make the right choice. Pepperstone offers a demo account, mini account, razor account, standard account, ECN account, and STP account. Pepperstone also has an Islamic account option. The Islamic account is appropriate for traders of Muslim heritage.
Pepperstone Review – Razor Account
The Pepperstone Razor account has the following features:
- cTrader commission equates to 0.0035% of the base currency per 100,000 units traded with Pepperstone
- The Razor account has a low commission fees
- This account is available in MetaTrader 4, MetaTrader 5, or cTrader forex trading platforms
- The spreads are quite tight for razor accounts
- The platform MT4 and MT5 has a commission fee as low as $3.50 per 100,000 units.
- Execution speed on this account is lightning fast
Pepperstone Review – Standard Account
The Pepperstone Standard account has the following features:
- The spreads are lower from 1.0 pips
- This account does not attract any commission on trades
- It is available on MT4 and MT5 forex trading platforms.
The standard account one of the most popular accounts amongst traders. It is best for entry-level traders who want to explore the realm of financial trading. This account offers the most popular trading software, including MT4, MT5, and cTrader. This standard account provided by Pepperstone boasts $0 commissions and serves the trader with interbank spreads.
The standard account also reduces risk as it features negative balance protection. The stop-out is an innovative policy that stops your account balance from going into negative. Traders should be aware that the brokers don’t provide an absolute guarantee.
Pepperstone Review – Islamic Accounts
Islamic account is also known as a swap-free account. This swap-free account abides by the Sharia Law. The Sharia Law prohibits Muslims from receiving or paying swaps. This is a great opportunity for both Pepperstone and Muslim traders. The clients can now trade within the confines of Muslim law.
The Pepperstone Islamic trading account is available in select Muslim countries. These types of accounts have been witnessing an increasing demand. The features of this swap-free account are listed below.
- This account complies with Sharia law
- The spreads are low
- No commission is charged on these accounts
Pepperstone Review – Do Pepperstone Offer Demo Accounts?
Just like other services, you surely want to test trading platforms as well. It is recommended that you try out all prospective platforms before you make a decision. Pepperstone offers a demo account service for all the new users. You can typically open a demo account in seconds and start practicing.
Demo accounts are ideal for both new and experienced traders. Experienced traders who are willing to jump from one broker to another can use the demo account to test the platform. The demo account does not require any type of deposits or funding.
Professional traders sometimes use demo accounts to test new strategies. As the demo account does not involve any investment, it is highly recommended for all traders. Once you feel that you are adept with all concepts, you can open a live account. Use this demo account judiciously and extract as much knowledge as you can.
Pepperstone Review – Funding & Withdrawal Methods
The funding and withdrawal methods are a concern for many traders. All platforms may not have your preferred methods of payment and withdrawal. Moreover, all the payment options may not be feasible for all users. Pepperstone offers the below funding payment methods.
The payment options available on Pepperstone are more or less adequate for traders residing all over the world. Pepperstone has kept all the payment options in mind to fulfill the requirements of all traders. It is advisable to check the commission or fees before you deposit or withdraw any amounts.
Pepperstone has several payment gateways to ensure that the traders have no issues. The deposit processing time for each payment method is different. Few methods tend to take longer processing time.
A few options are credit cards, bank transfer, PayPal, Skrill, Payoneer, Neteller, UnionPay, BPay, and POLi. The broker claims that “funding options are fee-free for traders in most countries.” The comprehensive funding options also feature Visa and MasterCard. Funds can be only withdrawn in the same account registered with the Pepperstone account.
Withdrawals that are made by bank wire transfer usually take a processing time of 3-5 working days. You can keep checking the status of your withdrawal in the funds tab. All International Telegraphic Transfer (TT) charges are to born by traders. Most of the International Telegraphic Transfers are approximately AUD 20.
Pepperstone Review – How Can I Start Trading With Pepperstone
Pepperstone is a platform that makes online trading easier than ever. It is one of the most user-friendly platforms available for traders. This Pepperstone 2023 guide will help you to understand the platform in a better way. Trading with Pepperstone is no jigsaw puzzle. You can easily create an account and start your trading journey.
First, you have to select the type of account that you feel is the best for you. If you are unsure about Pepperston, you can start with a demo account. You have to very careful while choosing your account type. Once you determine your account type, you are ready to register.
You have to open the platform and find their sign-up link. You will receive your login credentials, submitted your identification documents for account validation it’s time for the next step. You can only operate the account when you make the minimum deposit. The final step includes downloading the trading platform of your choice.
If you want to brush up your trading skills, you can go through the Pepperstone education section. It will guide you to make your first successful trade. Trading can be an intimidating task. Therefore make sure you have all your information together.
You should choose between trading terminals such as MetaTrader 4, MetaTrader 5, and cTrader. These platforms vary significantly. Therefore, scrounge for information as much as possible. You have to choose these terminals on the basis of your experience and the required instruments.
This RoboForex 2023 guide has mentioned all the necessary details required by Pepperstone to start an account. You also need to select a base currency for your account. After choosing the account, signing up, and making the minimum deposit, you are all set to trade. You can expect verification within 4-8 hours after you have submitted all the listed documents. Your account will be ready within 24 hours.
Performing Trades With Pepperstone
This Pepperstone 2023 review will give you a comprehensive layout of trading with Pepperstone. To perform trades you have to first evaluate the instrument you are going to trade. If you are a beginner, you should choose your instrument accordingly. An experienced trader has greater flexibility with all kinds of instruments. Once you understand the process of executing trades, you will be able to do it faster and efficiently.
The financial markets are made up of several buyers and sellers. For performing trades, you need to send an order from Pepperstoneto create a position. You have to decide whether you are going to create a sell order or a buy order. You must carefully study the market before you set your mind.
To create successful traders, you must have your strategies ready with you. Your perception of the market should be clear so that you do not make any regretful trades. Pepperstone offers ECN and STP execution. Therefore you can anticipate very tight spreads. You will experience greater transparency over the price you’re paying to carry out the trades.
Pepperstone also claims to have no-requotes. Therefore traders do not have to think about slippage. This is one of the best yet rare features of an online broker. Another aspect you need to consider is leverage. You have to choose whether you are going to trade with leverage or not.
Pepperstone Review – Leverage And Pepperstone CFD’s Explained
As a trader, you have to know the leverage and CFD policies of your broker. This Pepperstone guide, 2023, have gathered, studied, and then stated all the leverage and CFD policies. Leverage is a basic aspect that all traders must be aware of. You must not make any mistakes while using both these tools.
Pepperstone deals with a variety of instruments, and hence the leverage options for each are different. Leverage is one tool that comes with extreme benefits and extreme disadvantages both.
Leverage is explained as the ability to control a large amount of money in the forex markets. Leverage can exponentially increase the profits of the trader. It is no secret that when a trader uses leverage, they are exposed to greater risks. The larger your position size, the larger will be your pip value.
Pepperstone offers a leverage of up to 500:1 for forex in ASIC. The leverage for DFSA jurisdiction is 50:1, and 30:1 is the leverage for FCA. The leverage ratios are also affected by the trader’s country of residence.
Leverage is a situation where you have the power to control a much bigger financial position. The Pepperstone leverage goes both ways. Pepperstone CFDs are commonly used by traders for medium-term trades.
The traders should be extremely cautious when using leverage. The leverage and CFD are ideal while doing Pepperstone intraday trading. Even the most experienced professional is scared of using leverage as they are well aware of the repercussions.
Pepperstone Review – Limiting Your Risk When Trading with Pepperstone Negative Balance Protection.
As you begin trading on Pepperstone, you may incur losses on different trades. This comes as part and parcel of Forex trading. However, at times losses may result in a negative balance in the account.
Pepperstone waives any negative balance, depending on the case they are presented with. Simply put, it is different for each individual’s negative balance circumstance. If you find yourself with a negative balance, you will quickly have to contact support for further assistance.
That being said, Pepperstone does offer a system designed to minimize your risks of acquiring a negative balance. This is done through its automated stop-out policy that minimizes your losses as the market begins to move against you.
It is important to note that this is not uniform across platforms on Pepperstone. If you are using the MT4/5 account, the automated system will execute stop-out when the margin falls below 20%. If you are using the cTrader accounts, trades will be closed if the account equity falls below 50%.
This mechanism provides substantial protection against incurring a negative balance. However, markets tend to move extremely fast at the time, and the automated system may not always be able to provide negative balance protection.
In this case, Pepperstone’s support will evaluate your case and decide accordingly.
Pepperstone Review – Limiting Your Risk When Trading with Pepperstone Stop Loss and Pepperstone Stop Limit Orders
Stop Loss and Stop Limit orders are extremely important parts of the Forex trading platform. They help minimize your losses to a large extent. With a Stop Loss order, the platform will buy or sell when the market reaches a certain price.
This helps minimize any losses when the market moves against your expectations. With a Stop Limit order, the broker will buy or sell currencies at the limit or a better position than the limit.
Pepperstone does offer the stop loss and the stop limit order so that you can minimize your losses. Every order with the broker can have a Stop Loss or Take Profit set up that will minimize your losses and help you gain profit, respectively.
One of the best parts about Pepperstone is that they let you modify the Stop Loss order even after the trade has begun. Once the order has been triggered, Pepperstone will close it just in time so that your losses are minimized.
They also offer Buy and Sell Limit and Stop orders for various trading settings. With Pepperstone, you can use these orders to minimize your losses and boost profits.
Pepperstone Review – Education Resources Available
Pepperstone has excellent education resources for all its clients. This is especially helpful to novice traders who have only recently entered the market. By using Pepperstone’s educational resources, you can learn not just how the Forex market works but also how to use the platforms.
They offer online resources, trading guides, webinars by experts so that you know how to put your best foot forward in the trade. You can begin by reading about trading basics on their website. Some articles explain how Forex trading works and others that familiarize you with popular trading terms.
You will also find articles that will introduce you to technical analysis. There are timely webinars made available. Many discuss how the current political climate can affect trading opportunities. You can also watch past webinars to learn more about the trade.
A great way to learn is the demo account. With Pepperstone, you can use their educational resources to learn and practice the same on the demo account they offer. They also have a section that educates you on how to trade CFDs.
There is something even for regular traders. They offer market news, market analysis, and the economic calendar so that you can keep yourself educated about trading.
The Pepperstone YouTube channel is very active with videos that guide you through the trading process.
Pepperstone Review – Customer Support Options
The customer support at Pepperstone is very good. They allow you to reach them through various channels and operate on all trading days. This means that they offer 24/5 customer service. They do not operate on the weekends.
Do note that they offer customer services in several languages, including English, Vietnamese, and Thai.
Pepperstone Review – Live Chat at Pepperstone
Yes, Pepperstone does offer live chat. This is available for clients on all five trading days. Further, they connect you to a customer service representative instantly. You can also rate the service following the call.
Pepperstone Review – Phone Support at Pepperstone
This trading platform also offers phone support to its clients. They are responsive, and you can go to them with any trading query.
Pepperstone Review – Email Support from Pepperstone
Pepperstone recommends that clients first take a look at the FAQ section on their website. If your issues are not listed there, you can leave Pepperstone an email query. They are quick to reply and will get back to you on trading days.
What Will You Need to Open an Account with Pepperstone?
When you open a standard account with Pepperstone, you will not require a minimum deposit to do the same. However, they do recommend that you deposit at least AUD200 before you begin trading.
Before you open an account, you will have to note that each trading account and platform will have different documents for you to consider. To open an account, you will have to notify that you have read all the terms and conditions.
These are digitally available as and when you begin trading. These legal documents include Terms and Conditions, Privacy Policy, Risk Closure Notice, and Conflicts of Interest Policy, among others.
Since you will be trading in funds, you must take a look at their policies to best understand what happens to your money. It may take a little time on your end, but it will let you know just what you are getting into.
To open a live account, you will have to complete a registration application. You will also be required to provide proof of identity and address. These can be submitted digitally. Once you’ve done this, you can add funds to your account and begin trading.
Pepperstone will also take a test. This is a questionnaire that will assess whether you are fit for trading. You will get your results instantly and can begin trading.
How to Trade on The Pepperstone Platform Explained
Pepperstone offers three free online trading platforms. These include MetaTrader 4, MetaTrader 5, and cTrader. You can use these platforms on the web or your mobile device.
Dashboard Explained
To use the MT4 or MT5 account on your PC, you will first have to log into it. You can do this by first entering the platform. Following this, you can go to File. In the drop-down menu that appears, click on Login to Trade Account. Note the image below.
A dialogue box opens, and you can type in your trading account number and account password. Here, you can also choose the server of your choice from the drop-down menu under the server field.
Once this is done, you can begin using the platform.
You can do the same for your cTrader account. The procedure is slightly different for the cTrader account. Here, do not use the account number but the cTrader ID or associated email. Note the image below.
As you can see above, this is the cTrader platform’s login procedure.
Navigating MetaTrader 4
MetaTrader 4 is the most popular platform on Pepperstone. Here’s what you should know about navigating it. Note the image below to see the four parts on the platform that are explained above.
There are four main parts to MetaTrader 4. On the left is the market watch window. This gives a list of the currencies and their quotes. You can use the Ctrl + M function to activate this window.
Just below that, there is the navigation window. This window contains the relevant account details and indicators. These are also scripts and expert advisors. The expert advisor tab is where you can access and enable automated trading.
There is also a window at the bottom of the page that keeps account of and shows you any live trades that you may be engaged in.
You will find an account history tab here. This is an important tab that will let you know about all the previous trades that you have made. The most important is the visual component of your screen, which is the charting window. Here, you will able to see the charts for your trade.
You can also access a data window by clicking on Ctrl + D. A data window will then pop up on your screen. You can use this window to get data on the various areas that you point to on the chart. The data window will give you the right data corresponding to the chart screen.
One of the advantages of this platform is that the charts that you open sit side by side as tabs on the chart window. You can switch between tabs here. For instance, you can have the EUR/USD and the USD/AUD charts on different tabs. You can click on each to be able to access it.
For viewing multiple charts, you can also use the tab folder by clicking on the tab icon above the chart window. This will display all of your charts simultaneously next to each other in a minimized manner. This makes comparisons easier for you.
Charts
You can use the chart window on the MetaTrader 4 platform to gain access to various charts. The new chart option will let you do this. Here is what you should know about the charts on Pepperstone.
Chart Types
There are a few chart types that Pepperstone allows and also discusses as part of its educational resources. These include candlestick charts that are widely used by traders everywhere. They are mostly used to represent price action.
You also have the line charts. These are the simplest charts available, and traders often use this. This chart traces price points over a set period. The points are joined by a line to indicate market conditions.
They indicate high and low prices and underlying price actions. However, this simple chart gives you only that much information. Following this are also bar charts.
The bar chart displays high, low, closing, and open prices on a bar. This is displayed for each period. Hence, it records the price range and not price points. Because the price range is displayed, the price action and price points also become evident.
The best part about the bar chart is that it indicates price points at a point in time and the larger picture over a set period. Hence, you can use it to study market conditions to execute any buy and sell orders.
Pepperstone recommends candle charts over other kinds of charts. Candle charts contain more visual information than other types of charts. During quick trades, they help you make prompt decisions when compared to other charts.
There are bullish and bearish candles. Often, candle charts are color-coded to indicate both bullish and bearish candles. This gives the trader a better idea of which position to occupy and why. The candles also acquire meaningful shapes that add to the visual information provided.
There are interesting candle shapes like the shooting star and hammer that indicate key market psychology. Do note, however, that you cannot trade given a single component. Confirm the shape of the candle with other indicators on the chart. If all of them tally, you can go ahead and occupy a trading position that is beneficial to you.
Charting Tools
There are several important tools on MetaTrader4 that are called the Smart Trader Tools. These tools allow traders to close their trades in smart, time-efficient ways by using tools that study indicators.
One of them is the Excel RTD that uses Excel to analyze market data. Here, real-time market data is monitored and analyzed using Excel so that you can make key trades.
Of the most important Smart Trader Tool is the Tick Chart Trader. This uses a Generator EA to create charts so that you can improve your trading experience. This trader allows quick trading using five types of charts. These include the tick charts that show changes in each ask price or bid price.
The tick speed chart shows the various ticks but also uses bars to indicate the time between each tick. If the grey bars are small, this means that the ticks are appearing faster.
The tool also provides you with timed charts, tick candles, and versus charts provide more visual information to guide your next potential trade. On this app, each subsequent order closes the previous order, even if you are using the MetaTrader 4 platform.
It allows you quick entry and exit options. It is hence a versatile charting tool offered by Pepperstone.
Charting Studies
To be able to study the charts and execute the best trade, you will have to use technical analysis. Pepperstone has educational resources that will help you comprehend technical indicators in-depth. This will help you grasp the visual indicators and knowledge represented by your trading chart best.
It is important to know technical indicators, especially for traders who engage in scalping. Because scalping involves multiple trades in any given trading day, it tends to include in-depth technical analysis. Working knowledge of this should help traders minimize their losses.
Technical analysis does not just involve numbers but assesses market psychology, behavior, and even sentiment. These guide the charts that appear.
Stats & Reports
Pepperstone offers several key insights, stats, and reports through its market analysis. This is done by a group of global market analysts that cover various market new and analyze them to give you important insights into the contemporary trading environment.
They offer a ‘Traders’ Week Ahead Playbook’ that assesses the current economic climate to put ahead key forecasts for the week. They have important indicators put out on various currencies like the AUD and even currency pairs like the USD/AUD.
Pepperstone Review – News Feeds
For traders dealing with Technical analysis or Fundamental analysis, news feeds are especially important. Economic and strategic news from all over the world is extremely important for traders who conduct fundamental analysis. For this reason, your broker’s newsfeed becomes especially important.
Pepperstone takes note of key industry Tweets and information of significance to the market. It curates this on the Market News section of its news feed. In addition to this, it also offers an economic calendar to trace key events. With this calendar, the client can stay ahead of key global events.
The calendar also lets you pick your period of inquiry from a drop-down menu that then generates news specific to the period.
Pepperstone Review – Trading Resources
Pepperstone is a broker that offers various online educational resources in trading. These include courses that teach you how to use their platforms. They have four-part courses that let you learn the best way to navigate their MetaTrader 4 platform and others so that you can navigate well.
In addition to this, they also offer in-depth, comprehensive files that explain everything about using the platforms and trading resources at Pepperstone. These differ for the MetaTrader 4, MetaTrader5, and cTrader platforms.
In addition to these educational trading resources, there are several Smart Trading Tools. We have discussed the tools relevant to the charts above.
In addition to this, there is also an alarm manager that notifies you, a connect feature that brings you all the news, and a session map that tracks global market sessions.
Is Pepperstone a Good Broker?
Yes, Pepperstone is a good broker. This is especially so because they are a regulated broker under two tier-1 jurisdictions. These are the FCA in the UK and the ASIC in Australia. This means that using Pepperstone will be a low-risk investment for you.
This also means that the funds that you put into Pepperstone will be safe. Further, with their automated stop-loss system, you will be able to minimize your losses.
Pepperstone is also a great broker if you have limited funds to work with. There is no minimum deposit with this broker, and you can begin trading with any deposit amount. They also offer various trading platforms to expand your trading experience.
If you are looking to learn, there are some excellent educational resources that you can use to introduce yourself to trading. They also offer low-cost spreads, good leverage, and great customer service. Overall, Pepperstone is a good broker for you to begin trading in Forex and CFDs with.
Pepperstone Review – Risk Disclaimer
As with all trading, Forex trading at Pepperstone comes with its risks. Pepperstone does provide a risk disclaimer that lets clients know that trading has huge risks attached to it.
When coupled with leverage, CFD’s tend to lose huge amounts of money rapidly. About 78.6% of traders lose money when they trade with Pepperstone.
Before trading with Pepperstone, you should ensure that you understand how Forex and CFDs work. Also, see if you have the right resources to be able to handle your losses. It is a good idea to begin trading only then.
Further, for any money that you lose on Pepperstone, the liability is yours. Pepperstone will not be held responsible for your losses, even if the same trading methods gave you profits previously.
Frequently Asked Questions About Pepperstone
Read ahead to find answers to the questions you may have about Pepperstone.
Can I try Pepperstone before I buy it?
Yes, Pepperstone offers a demo account for traders. This is a great option for traders who are new to the market. It is also a good option for those looking to see what Pepperstone feels like before they register full time.
What Funding Methods does Pepperstone Accept?
To fund your account at Pepperstone, you will be able to access your secure client area. Following this, you can use several methods to safely transfer funds to the account.
You can transfer funds using Visa, Mastercard, Poli, and Bank Transfers, among others. Bank Transfers take about 3 to 5 days, and transfer charges may apply. You can also use BPay and PayPal to fund your account.
Other options include Neteller, Skrill, and Union Pay. You can use any of these methods to fund your account.
Is Pepperstone Safe?
Yes. Pepperstone is a safe broker. They are a regulated broker with regulations under two jurisdictions. They are regulated in the UK and Australia, making them a credible broker to work with.
In addition to this, they also ensure that your money is safe and not used for any internal needs.
Is Pepperstone Trading Good?
Yes, trading is a good experience with Pepperstone as they provide various tools that make trading easy for you. They also have educational resources that ensure that traders keep abreast of all economic events and technical knowledge that is important for trading.
Further, a demo account lets you assess how good Pepperstone is by yourself.
Is Pepperstone Trading Legit?
Yes, Pepperstone is a legit broker regulated under stringent regulatory boards in the UK and Australia. It is also a reliable ECN broker that offers low and tight spreads. Hence, trading with Pepperstone is a legit experience.
What is the Minimum Deposit for Pepperstone?
Pepperstone recommends that you have a minimum deposit of 200 AUD or it’s equivalent when you begin trading. However, they do accept deposits below this, and there is no minimum amount necessary to hold an account with them.
How Long Do Pepperstone Withdrawals Take?
Pepperstone gives clients access to their secure client area to be able to withdraw funds. You will have to request funds before 21:00 (GMT) so that they can be processed on the same day. This also translates to 07:00 AEST for them to be transferred on the same day.
An International Telegraphic Transfer (TT) fee of AUD$20 may be charged by your bank. In this case, you will have to pay this fee. These generally take about 3 to 5 days to reach your account.
If there are any unforeseen circumstances, it may take longer for the fee to reach your bank.
Is Pepperstone Regulated?
Yes, Pepperstone is regulated. It is regulated by two bodies. The first is the UK’s Financial Conduct Authority (FCA). The second is the Australian Securities and Investment Commission (ASIC). With these two regulations in place, Pepperstone is a safe broker.
Is Pepperstone a Market Maker?
No. Pepperstone is not a market maker. A market maker has their dealing desk and can quote their prices for the products and trade offered. However, Pepperstone does not offer this and cannot be considered a market maker as their prices are quoted by external Liquidity providers.
How Can I Start Trading with Pepperstone?
You can begin trading with Pepperstone by first creating a live account with them. You can create a demo account if you want to gain an idea of how Pepperstone works and know whether it is beneficial for you. Once this is done, you can register with them with or without a recommended minimum balance of AUD 200.
Is My Money Safe with Pepperstone?
Your money is extremely safe with Pepperstone. The broker is directed by the regulatory bodies to maintain separate bank accounts for its clients. These are maintained with the banks Barclays and National Australia Bank. Hence, your money will remain safe and cannot be used for any company operations.
Is Pepperstone a Scam?
No. Pepperstone is not a scam. It holds relevant authorization in all places that it operates. It is a legit broker that is authorized.
Can I Make Money with Pepperstone?
Yes, you can make money with Pepperstone. However, like with most CFDs and Forex trading, you will have to be careful as these trades are tricky. You want to make sure that you have enough knowledge of currency spreads, bets, and CFDs. With this in mind, you will be able to make money. However, be warned that Forex trade can give you lots of losses.
Does Pepperstone have Fees?
Yes, Pepperstone does have fees. However, these are much lower compared to other brokers. Pepperstone has a low spread, which means that you will have to pay lower fees. Further, since their trading fees are low, this means that you can conduct several trades in a week without paying a hefty amount.
However, if you prefer to hold your position for long, the fee charged by Pepperstone can be quite high.
When was Pepperstone Founded?
Pepperstone was founded in 2010. It was founded in Melbourne, Australia, by a team of experienced traders who believed that they could improve the trading experience. They found that other traders had high costs, delays in execution, and unsatisfactory customer service.
By putting interactive technology at the forefront of their initiative, the traders founded Pepperstone. Since they are a group of traders themselves, they take special care to help novice traders get a hold of the trade.
How Many People use Pepperstone?
Traders worldwide use Pepperstone as their trading platform. More than 73,000 traders from the world over trust Pepperstone with their funds. They are one of the largest Forex brokers in the world and process an average of 12.55 billion USD trade every trading day.
Where is the Headquarters of Pepperstone?
While the company operates worldwide, its headquarters is situated in Melbourne, Australia.
Does Pepperstone offer Negative Balance Protection?
Pepperstone has an automated stop-loss order that protects your account from incurring any losses. However, as Pepperstone themselves say, the Forex market can move incredibly fast at times, and losses cannot be prevented in these cases.
If your balance turns negative even after this, you are advised to contact customer service as soon as possible. Your negative balance will be looked at depending on your specific case. If they think it is right, Pepperstone may waive your negative balance.
Does Pepperstone Offer Guaranteed Stop Loss?
Pepperstone does have an automated stop-out policy to minimize any losses. However, they do not guarantee stop loss. In fast-moving markets, the policy may not close trades at the right moment, and you may lose your money despite the stop-loss.
For this reason, it is better to read the markets through technical analysis before you begin trading with Pepperstone. This gives you more control, and you won’t have to rely just on the stop-out policy.
Does Pepperstone Allow Scalping?
Yes, Pepperstone does allow scalping on all of their trading accounts. These include platforms like MetaTrader 4 and MetaTrader 5, in addition to the cTrader account. However, it is the Razor account that works very well with scalping.
Pepperstone not only allows scalping but also provides various educational resources connected to the trade. Scalping simply means that you conduct multiple trades in a short period. You will need technical analysis and an ample amount of time during the day to be able to conduct these trades.
Does Pepperstone Allow Hedging?
Yes, Pepperstone does allow hedging. The broker also themselves occupy various hedging positions. They hedge internally so that they can manage their exposure. They also use external providers to hedge, especially when markets are highly risky.
By doing this, clients benefit as they can enjoy good speeds of execution any time during the day. This is because hedging reduces slippage levels. Hedging CFDs is also a great option for clients who look at protecting their portfolio against unwanted market movements.
This can let you turn downturns in the market to advantageous positions by shorting and profiting promptly.
Does Pepperstone Offer CFD Trading?
Yes, Pepperstone does offer CFD trading to its clients. Through the broker, you can gain access to companies like Tesla, Alibaba, Apple, and Alphabet. They offer after-market hours of trading.
This means that they extend the market hours offered for US equities. This means that you can take ample time to assess the market and reduce risk by occupying positions before the trading day begins again.
By using share CFDs, you can find a great way to hedge your portfolio to tackle adverse market conditions. You will be able to take multiple positions and go long or short with your trade.
By accessing more than 60 quality stocks, you will be able to trade with the largest US companies that you see in the news and other areas. The trades are also executed quickly, and there are no data fees on the CFDs. You will also have a leverage of 20:1.
Does Pepperstone Offer STP?
Yes, Pepperstone does offer standard STP accounts. This model does not require a dealing desk. This means that your orders proceed to the inter-bank market without the supervision of a dealing desk first.
You will want to opt for Pepperstone’s Edge Standard account. This is a Straight Through Processing (STP) account that has a commission attached. It also has institutional-grade Forex spreads of STP.
Is Pepperstone an ECN Broker?
Yes, Pepperstone is an ECN broker. This is especially because it has no dealing desk and directly processes your trade. The Razor account is the best for ECN trading.
ECN stands for an Electronic Communication Network that is generally reserved for intra-bank networks. Despite this, the technology infrastructure of Pepperstone makes it comparable to an ECN structure.
Pepperstone also has one of the lowest currency spreads compared to other ECN brokers, thus making it a competitive one. As an ECN broker, they also have quick execution speeds and great reliability.
Does Pepperstone Offer Demo Accounts?
Yes, Pepperstone does offer a demo account for its clients. This account has a 30-day trial period so that you can make the best of the account. It is a great time to practice your trade and brush off on the knowledge of technical analysis and fundamental analysis.
You can supplement this with Pepperstone’s educational resources for a great learning curve.
Does Pepperstone Offer Islamic Accounts?
Yes, Pepperstone does offer Islamic accounts in the form of its swap-free accounts. This is to match the trading practices of those individuals that cannot accept swaps or interest. They are also not allowed to pay it.
Traders can make use of trading technology and of the liquidity offered by Pepperstone without paying or receiving interest. Admin fees will be charged on the account if a trade is held for more than ten days.
These swap-free accounts are offered in countries like Tunisia, Bahrain, Turkey, Qatar, and Bangladesh. They are also offered in Burkina Faso, Malaysia, Maldives, and Morocco, among other countries.
Summary
Now that you have read the Pepperstone review above, there are a few things that stand out to make Pepperstone a great broker. The foremost thing is that they are a regulated broker with regulations from two top-tier organizations in the UK and in Australia.
It also means that they maintain segregated bank accounts for their clients with two of the best banks in the world. This means that your money remains safe and won’t be used by the broker for any institutional reasons. These qualities make the broker legit and reliable across countries.
Pepperstone is also authorized in the countries that it operates in. As far as funding is concerned, it can easily be transferred using a variety of methods. The same goes for withdrawals. Both are processed quickly. Bank transfers can take 3 to 5 days during funding and withdrawals.
With low fees and commissions, Pepperstone is trusted as a broker by more than 73,000 traders in the world. They allow these traders scalping and hedging on some of the best technologically sound platforms. This ensures that trade is executed quickly.
To minimize your losses, they also offer an automated stop-out policy that closes trades before they incur a negative balance in your account. While they cannot guarantee negative balance protection, they do their best to avoid and manage it.
One of the best parts of trading with Pepperstone is the extensive educational resources that they offer. Using these, you can learn just how to trade on the platform. You can also learn to use fundamental and technical analysis so that you can direct your trades better.
The broker takes all of the traders’ queries into consideration. This is because it is a platform for traders by traders. Experienced traders came together to create an efficient and customer-friendly trading platform. This is exactly what you get with Pepperstone.