Nixse
322

Pepperstone Review 2023 Update – Is it a good broker or not?


 

General Information

Broker Name:Pepperstone
Broker Type:Forex Broker
Country:Australia
Operating since Year:2010
Regulation:ASIC, 220440, FCA, 684312
Address:Level 16, Tower One, 727 Collins Street Melbourne, VIC Australia 3008
Broker Status:Regulated
Customer Service
Phone:+1786 628 1209
Email: [email protected]
Languages:English, Vietnamese, Chines, Spanish
Availability:24/5
Trading
Trading Platforms:MT4, MT5, cTrader, Web Trader, Mobile Trader
Trading Platform(s) Timezone:GMT +3
Demo Account:Yes
Mobile Trading:Yes
Web-based Trading:Yes
Bonuses:N/A
Other Trading Instruments:Currencies, Indices, Commodities, Equities, Cryptocurrencies
Account
Minimum Deposit ($):200 USD
Maximum Leverage: (1:?)1:500
Spread:Variable
Scalping Allowed:Yes

Pepperstone General Information

Pepperstone Review

Pepperstone joined the brokerage party in 2010. It’s one of the top-tier brokerages in Australia according to those who are experts in forex trading, as indicated by Pepperstone Reviews.

According to their website, a team of experienced traders was behind the founding of the company. What they’re saying is that they know what traders are and what they need because the founders themselves have been one of them.

In 2015, it opened an arm in London to better serve its European clients. And, if all goes well for this broker, we believe they’re going to have a more dominant presence in the brokerage scene.

In fact, Pepperstone is a fantastic choice for forex and CFDs traders, as highlighted by Pepperstone Reviews. That’s because this broker primarily deals with those assets. It’s also famous for the superb and friendly customer service it offers.

It provides some pretty good protection for traders, as well as useful trading platforms. Let’s take a look at this broker and see whether it is the right choice for forex traders.

Regulation and Protection

For those wondering is Pepperstone safe or not, we have some good news for wary traders: Pepperstone is a regulated broker under the Australian Securities and Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA).

That is a pretty solid regulatory status. It merely means that the broker has to meet strict capital requirements. ASIC requires brokers to “comply with internal procedures,” such as risk management, staff training, accounting, and audits.

Want more? Client funds are in the National Bank of Australia. You can sit back and trust that Pepperstone does not and will not misuse your fund.

Overall, it’s a safe broker to deal with. Now that that’s out of the way, let’s look at the more specific things we search for a broker.

Pepperstone Trading Instruments

Pepperstone offers more than 150 instruments across forex, indices, equities, cryptocurrencies, and commodities. That is a lot, but not quite as many as other brokers. For instance, IG Markets have more than 16,000 markets.

Anyhow, the offerings are incredibly ideal for traders. Pepperstone is primarily a forex and CFDs broker, but it also has other excellent selections.

  • Forex
  • Index CFDs
  • Share CFDs
  • Commodities
  • Cryptocurrencies
  • Currency Index CFDs.

Pepperstone Review trading instruments

Is this limited selection of instruments a shortcoming? It can be, or not, depending on the type of trader you are.

Review of Pepperstone Trading Conditions

In spite of the limited selection of trading instruments, Pepperstone more than makes up by providing excellent trading conditions. With the following conditions risk of losing money is reduced to the maximum!

This broker has variable spreads on its trading platforms. Prices come from many different liquidity providers, ensuring that the trader gets the best price at any time. Pepperstone’s swap rates are very competitive for each currency pair.

Meanwhile, commissions start from 3.50 Australian dollars on major currencies. For stock CFDs, it’s 0.02 Australian dollars per share. Traders can use standard, mini, and micro contract sizes, depending on their trading needs.

Trading Accounts – Standard, Razor, and Swap-free

Most traders are free to open an account with Pepperstone, as long as they are not from Japan, New Zealand, Canada, and the US.

Two main account types available

As for account types, it offers the following main types:

  • Standard
  • Razor.

account types

The standard account is a pretty popular choice because it does not charge any commission fees. The Razor account charges commissions. Both Standard and Razor accounts use financing/interest rates, while the swap-free account, of course, does not.

Traders who want to get the cheapest deal can use the standard account because it does not charge any minimum account balance. Both Razor and Swap-free accounts need at least a $200 minimum deposit.

Razor account type

Pepperstone’s Razor account type is specifically designed to cater to scalpers and algorithmic traders. It provides the optimal choice for both trading styles. With a starting spread from 0.0 pips, the Razor account ensures competitive pricing.

Additionally, a standard commission fee of $0.08 round turn per 0.01 lots traded is applicable. Traders can benefit from the precision and cost-efficiency offered by the Razor account, making it an ideal option for those seeking tight spreads and low commission charges.

Standard account – the best choice for beginners

The best account for beginners, therefore, would be the Standard account. The Razor is suitable for active traders who use hedging and scalping.

Pepperstone also offers the “Active Trader Program” for those who trade with huge volume. This program offers discounts, which are pretty significant in this field.

For instance, if your traded volume in lots ranges from 200 to 499, you get a $1 discount. For 500 to 14099 lots, you get $1.5, and so on. Discounts for trading volumes exceeding 5000 lots are negotiable.

Deposits

Pepperstone also makes it easy for traders to fund their account through deposits. For bank transfers and electronic wallets, deposits are free.

But if you are using credit or debit cards, you have to shoulder a pretty high deposit fee of 3%. For the Australian dollar, it’s only 1.8%.

Among the many deposit options are:

  • Bank transfer
  • Credit/debit cards
  • PayPal
  • Poli
  • China Union Pay
  • BPay
  • Skrill
  • Neteller
  • Qiwi
  • Fasapay
  • Broker-to-broker transfer.

As with many other brokers, bank transfers usually take 2 to 3 business days, while credit/debit card transfers are credited right away.

Withdrawals

Withdrawals with Pepperstone using credit or debit cards are free. However, you should pay some fees for electronic and bank transfers.

They understand traders and their needs because the founders have been traders themselves. For bank withdrawals, you pay $20. That’s a high price to pay. For Skrill, it’s fixed at $1. For PayPal, it’s 3%.

Similar to many other brokers, confirmation of the withdrawal comes in 24 hours. The funds arrive within five business days.

Overall, Pepperstone has some pretty flexible deposit and withdrawal methods. However, traders ought to check first whether they are okay with some of the fees this broker charges concerning deposits and withdrawals.

Pepperstone Trading Platforms

Pepperstone also ensures that traders have some of the best trading platforms within their reach. The trading platforms they offer are:

  • cTrader
  • MetaTrader4
  • MetaTrader5

cTrader

cTrader platform has a pretty slick but functional design that is useful for institutional trading. It offers some advanced features that control slippage and orders and fast entry and exit execution.

Moreover, it’s perfect for those using an automated program as it also sports coding customization. This platform is perfect for both new and advanced traders. Compared with other trading platforms, this Spotware-made platform balances simplicity and functionality.

The cTrader platform is positioned as an intuitive and extremely easy to use platform, but also providing the advanced trading capabilities as well as great tools for analysis.

 

MetaTrader4

And of course, the industry standard, MT4, is also here to serve Pepperstone traders. It’s the most popular trading platform around for forex traders. Since Pepperstone is a forex broker, it’s not a surprise that MT4 is here, even if its successor, MT5, is also present.

The MT4 lets you customize the platform to fit the way you trade. It also has expert advisor capabilities using the MetaQuotes’ MQL 4. You gain access to 28 trading indicators that maximizes your chances of correctly anticipating price movements. You can also install plugins of your choice.

MetaTrader5

Now, the MT4 might be taking the lion’s share of popularity, but the MT5 stills packs tons of features that will surely make it a favorite for many traders.

The MT5 offers hedging capabilities, advanced orders, newer tools, and more indicators. It’s also much easier to use and customize.

But if you have been using the MT4 for a long time and you suddenly switched to MT5, you might want to brace for some adjustments. This is particularly true for those who use programs and expert advisors when trading, as the coding works of the MT5 uses the MQL 5, not MQL 4.

But if you are starting as an absolute beginner, you might find MT5 easier to understand than MT4. Also, if MT4 is primarily made for and used by forex traders, the MT5 is made for a wider variety of traders.

Pepperstone platform comparison

Review of Pepperstone Customer Support

The broker offers 42/5 customer support available via email, phone and live chat. Popular FAQs section is also handed out to answer customers questions.If things go as planned, this broker will become more influential in the brokerage industry.

Negative balance protection – a crucial feature

Negative balance protection is a crucial feature that protects traders from losses exceeding their account balance. Additionally, FXPrimus offers social trading, which allows traders to connect and follow the strategies of successful traders.

Moreover, FXPrimus provides spread bets, giving traders the ability to speculate on the price movements of various financial instruments. With negative balance protection, social trading, and spread bets, FXPrimus offers a comprehensive trading experience that prioritizes risk management and enables traders to diversify their strategies.

Pepperstone Education and Analysis

Pepperstone also has its research and education features nailed down. It provides the Market Analysis and Education features on the website, presenting a wide variety of materials for traders to digest.

Traders who want to keep abreast of the latest happenings can read their Market news section. It’s complete with the latest updates on economic data, central bank decisions, and the most recent tariffs threats from leaders around the world.

It also posts updated financial news on its Financial Events section. And if that is not enough, the Trading Opportunities section will help you spot the best asset to trade in the market.

For technical traders, it offers the Chart of the Day, which features the most exciting forex charts in the market. And these blogs and articles come from the broker’s managers, strategists, and researchers.

Pepperstone Review Summary — Is It Good?

 

Pepperstone is exceedingly useful in many areas, such as trading platforms, customer service, and education. There’s no doubt that many traders also find their account offerings very good.

With the powerful trading platforms, traders will find it easy to get in their game with less learning curve.

These platforms can complement the trading account they are using to get the best combination of the two. The only things that could use some improvements are some parts of their fee structure. Some are quite expensive, and there may be some adjustments needed in that department.

Trading instruments can be expanded

At the same time, the trading instruments they offer can still be expanded. Traders are no longer sticking to only one or two kinds of trading products. So, if Pepperstone aims to beat its feats and rise higher among the top traders, this area could still be worked out.

Nonetheless, Pepperstone ranks high among the best brokers for traders, whether beginners or pros. Forex and CFDs traders will surely love their offerings. For additional information you can always visit Pepperstone website and the official pepperstone.com review page!

Pepperstone Review
pepperstone logo

Name: Pepperstone

Description: Pepperstone is exceedingly useful in many areas, such as trading platforms, customer service, and education. There’s no doubt that many traders also find their account offerings very good. With the powerful trading platforms, traders will find it easy to get in their game with less learning curve. These platforms can complement the trading account they are using to get the best combination of the two. The only things that could use some improvements are some parts of their fee structure. Some are quite expensive, and there may be some adjustments needed in that department.

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 1.94 (322 reviews)


You might also like

322 Comments

  1. Eve Verdon March 28, 2024
  2. Andrew Hugh November 24, 2023
  3. Jai Bernacchi September 1, 2023
  4. Mason Loveless May 31, 2023
  5. Skye Stow May 17, 2023
  6. Jasper Strutt May 3, 2023
  7. Dakota Olden April 17, 2023
  8. Jamie Winsor March 29, 2023
  9. Dominic Fenbury March 15, 2023
  10. Evie O'Conor February 22, 2023
  11. Ben Turriff February 20, 2023
  12. Andrew Forwood February 15, 2023
  13. Flynn Southee February 8, 2023
  14. Timothy Jack February 6, 2023
  15. Molly Gresswell January 30, 2023
  16. Skye Lind January 25, 2023
  17. Claire Buchanan January 23, 2023
  18. Austin Syme January 18, 2023
  19. Gabrielle Lowes January 9, 2023
  20. Victoria Byles January 4, 2023
  21. Joseph MacCormick January 2, 2023
  22. Lara Moffat December 28, 2022
  23. Lily Griffen December 26, 2022
  24. Archie Cardus December 21, 2022
  25. Thomas Denham December 19, 2022
  26. Levi Parry December 14, 2022
  27. Lauren Kaeppel December 12, 2022
  28. Gabriella Grahame December 7, 2022
  29. Hamish Bray December 5, 2022
  30. Eliza Crooke November 30, 2022
  31. Paige Glynde November 23, 2022
  32. Madeline Plume November 21, 2022
  33. Spencer Tomholt November 16, 2022
  34. Alex Mais November 14, 2022
  35. Blake Herman November 9, 2022
  36. Claire Tarrant November 2, 2022
  37. Alexis Rylah October 31, 2022
  38. Jesse Kelliher October 26, 2022
  39. Jamie Treacy October 24, 2022
  40. Alice Storey October 19, 2022
  41. Bailey Shiels October 17, 2022
  42. Ryder Brinsmead October 12, 2022
  43. Sofia Moynihan October 10, 2022
  44. Savannah Monk October 5, 2022
  45. Jeremy Hawkins October 3, 2022
  46. Sophie Bainton September 28, 2022
  47. Zoe Bayley September 26, 2022
  48. Charlie Conrad September 21, 2022
  49. Ebony Laidley September 19, 2022
  50. Poppy Morrice September 14, 2022
  51. Jaxon Hanson September 12, 2022
  52. Lola Coles September 7, 2022
  53. Brayden Marlay September 5, 2022
  54. Mariam Marks August 31, 2022
  55. Olivia Jardine August 29, 2022
  56. Flynn Skeyhill August 24, 2022
  57. Harrison Ashby August 22, 2022
  58. Kai Connibere August 17, 2022
  59. Dylan Couvreur August 15, 2022
  60. Sophie Kneebone August 10, 2022
  61. Darcy Dame August 8, 2022
  62. Dominic Ritchie August 3, 2022
  63. Abigail Glover August 1, 2022
  64. Alyssa Penington July 27, 2022
  65. Sarah McWhae July 25, 2022
  66. Mary Westall July 20, 2022
  67. Koby Lyons July 18, 2022
  68. Alana Dodgshun July 13, 2022
  69. Lilly Bethel July 6, 2022
  70. Natalie Sweet June 29, 2022
  71. Jonathan Fallon June 27, 2022
  72. Edward Holman June 15, 2022
  73. Lara Boyd June 1, 2022
  74. Hayley Woods May 30, 2022
  75. Tahlia Makinson May 23, 2022
  76. Jasper Kumm May 18, 2022
  77. Imogen Pridham May 16, 2022
  78. Jorja Brunskill May 11, 2022
  79. Jasper Morris May 9, 2022
  80. Lucas Octoman May 4, 2022
  81. Jessica Bischof May 2, 2022
  82. Will Nicolle April 27, 2022
  83. Austin Cosh April 25, 2022
  84. Indiana Romilly April 20, 2022
  85. Darcy Heinig April 18, 2022
  86. George Chipper April 13, 2022
  87. Eden Aston April 11, 2022
  88. Hamish Campion April 6, 2022
  89. Rory Stillwell April 4, 2022
  90. Declan Goe March 30, 2022
  91. Liam Laboureyas March 28, 2022
  92. Tyson Mendelsohn March 23, 2022
  93. Noah Cranwell March 21, 2022
  94. Phoebe Mehaffey March 16, 2022
  95. Jasper Wilkin March 14, 2022
  96. Rachel Alderman March 9, 2022
  97. Toby Leschen March 7, 2022
  98. Lauren De Little March 2, 2022
  99. Christopher Wentworth-Shields February 28, 2022
  100. Kai Stuckey February 23, 2022
  101. Sam Druitt February 21, 2022
  102. [email protected] February 16, 2022
  103. Madeline Kelliher February 14, 2022
  104. Mariam MacNeil February 9, 2022
  105. Julia Aachen February 7, 2022
  106. Lara Blackall February 2, 2022
  107. Alannah Lewis January 31, 2022
  108. Liam McGarvie January 26, 2022
  109. Swen Boehm January 24, 2022
  110. Hugo Heales January 20, 2022
  111. Patrick Walter January 17, 2022
  112. Ellie Bazley January 12, 2022
  113. Taj MacFarland January 10, 2022
  114. Max Gersten January 5, 2022
  115. Marcus Borrie January 3, 2022
  116. Molly Halcomb December 29, 2021
  117. Spencer Schiassi December 27, 2021
  118. Luke Savige December 22, 2021
  119. Matilda Lade December 20, 2021
  120. Eric Werner December 15, 2021
  121. Jasper Kater December 13, 2021
  122. Natalie Leeper December 8, 2021
  123. Aaron Gallop December 6, 2021
  124. Leonid Boholyubov November 29, 2021
  125. Luca Poltpalingada November 24, 2021
  126. Rachel Rohu November 23, 2021
  127. Elizabeth Ruth November 18, 2021
  128. Jasper Hollick November 17, 2021
  129. Lucas Latimer November 15, 2021
  130. Makayla Glassey November 10, 2021
  131. Torsten Meier November 8, 2021
  132. Taj Scobie November 4, 2021
  133. Jessica Waterfield November 2, 2021
  134. Taylah Nunan October 27, 2021
  135. Sarah Wilton October 25, 2021
  136. Alannah Couvreur October 20, 2021
  137. Ryan Flood October 18, 2021
  138. Zachary Loyau October 13, 2021
  139. Alannah Akehurst October 11, 2021
  140. Leah Beckenbauer October 6, 2021
  141. Taylah Stead October 4, 2021
  142. Jai Halcomb September 29, 2021
  143. Creissant Bérubé September 27, 2021
  144. Archer Woolls September 22, 2021
  145. Silke Holzman September 20, 2021
  146. Ashley Hargreaves September 15, 2021
  147. Ryder Abbott September 13, 2021
  148. Dean Maxwell September 8, 2021
  149. Maya Hassell September 6, 2021
  150. Natella Nazarova September 1, 2021
  151. Nicholas Alden August 25, 2021
  152. Nestor Golovanov August 23, 2021
  153. Kristin Feierabend August 19, 2021
  154. Max Adler August 17, 2021
  155. Steffen Gruenewald August 11, 2021
  156. Henry William August 9, 2021
  157. Stefanie Kuster August 4, 2021
  158. Claudia Zhdanova August 2, 2021
  159. Heike Friedmann July 28, 2021
  160. Blasius Kapustin July 26, 2021
  161. Hella Belyakova July 21, 2021
  162. Madeline O'Driscoll July 19, 2021
  163. Thomas Junker July 14, 2021
  164. Prokhor Yefimov July 12, 2021
  165. Tristan Margarot July 7, 2021
  166. Jasper Rowan July 5, 2021
  167. Gabrielle Newdegate June 30, 2021
  168. Maxim Demidov June 28, 2021
  169. Matthias Schwartz June 23, 2021
  170. Doreen Goldschmidt June 21, 2021
  171. Clovis Gladu June 16, 2021
  172. Manuela Theiss June 14, 2021
  173. Ancelote Berthelette June 9, 2021
  174. Nadine Fenstermacher June 7, 2021
  175. Jayden Blue June 4, 2021
  176. Jan Holzman May 27, 2021
  177. Thomas Medvedev May 20, 2021
  178. Jai McEwan May 18, 2021
  179. Torsten Bauer May 13, 2021
  180. Heike Urner May 11, 2021
  181. Arnaude Henrichon May 6, 2021
  182. André Riquier May 4, 2021
  183. Will Draper April 29, 2021
  184. Bernd Bar April 27, 2021
  185. Gabriel Ponomarev April 22, 2021
  186. Ramiro Bocharov April 20, 2021
  187. Marie Furst April 15, 2021
  188. Myra Fokina April 13, 2021
  189. Laura Leehy April 8, 2021
  190. Sandra Pabst April 6, 2021
  191. Natalie Rozhkova March 31, 2021
  192. Felix Metzger March 30, 2021
  193. Suzie March 29, 2021
  194. Maya Houtman March 25, 2021
  195. Lisa Beyer March 23, 2021
  196. Lucille Ratté March 18, 2021
  197. Hunter Farthing March 16, 2021
  198. Bella Bogdanova March 9, 2021
  199. Owen Clowes March 4, 2021
  200. Bruno Angélil March 2, 2021
  201. Jorja Lampungmeiua February 25, 2021
  202. Phillipp Abt February 23, 2021
  203. Chloe Basedow February 18, 2021
  204. Agnes Ankudinova February 16, 2021
  205. Damiane Bisaillon February 11, 2021
  206. Lukas Abt February 9, 2021
  207. Athanasius Andrejew February 4, 2021
  208. Sabine Faerber February 2, 2021
  209. Hedvige Leclerc January 28, 2021
  210. Emmanuel Lemaître January 26, 2021
  211. Musette Cailot January 21, 2021
  212. Marina Vorobyova January 19, 2021
  213. Emmeline Souplet January 14, 2021
  214. Eugene Yudina January 12, 2021
  215. Clarimunda Sansouci January 7, 2021
  216. Georgia Stansfield January 5, 2021
  217. Daniel Zuyev December 29, 2020
  218. Christin Roth December 23, 2020
  219. Sidor Kryukov December 21, 2020
  220. Ephraim Abramoff December 17, 2020