Pepperstone

Pepperstone is a famous forex and CFDs broker and it has opened its never-ending trading opportunity since 2010. The broker is an Australian broker and a subsidiary of pepperstone Group. Pepperstone broker has multiple trading platforms and very much trader-oriented account types.

Pepperstone has strong regulations to prove itself as a properly regulated and genuine broker. In 2015 the broker has achieved regulation of UK, FCA to bring its trading scope to European and UK people.

The brokerage website is so nicely decorated and it’s pretty handy to use and manage by any newcomer. And we also want to appreciate its very active customer care service. That means it’s not a waste of time to think of Pepperstone broker if we are going to make a trade.  

To Whom we do recommend Pepperstone?

Keeping in consideration both the novice and experienced traders pepperstone has designed its platform and its account types. If you are a newbie trader and want to gain experience in a hassle-free and easy platform then you should go for the standard account type of the broker.

In a standard account, you are not asked to pay any extra commission except the spread. On the flip side, an experienced or market scalper trader should trade in razor account type.

The amazing side of the razor account is it offers a wide variety of trading instruments, adequate educational tools, and market analytics.

So in the end we can sum up by commenting that pepperstone is an ideal broker choice for both a newbie and an expert.

What are the Positive sides of Pepperstone?

1. Having a top-tier license from FCA and ASIC
2. seamless and digital account opening process
3. Australian offering NDD accounts trading environment
4. Quality education and research tools
5. Quick and effective customer service
6. Easier and low-costing (even free) deposit and withdrawal services.
7. Supports scalping and hedging
8. Account activation time 24 Hours
9. Protection for U.K citizens and regulated by FCA (U.K)

Is there any drawback to the Pepperstone review?

1. Only 30 days demo trail facility
2. Limited Forex and CFD instruments
3. MetaTrader platform works as the basic platform.
4. Website lagging issues may occur while signing in to the account
5. U.S clients are banned
6. No guaranteed stop-loss service

Is pepperstone a good broker?

We do admit and support that before choosing and jumping into trading with any broker we should know clearly about its reputation. An unknown or pseudo forex broker will endanger your investment and there’s no chance of being profited by trading with the broker’s platform.

So what can we do to avoid any accident of being scammed? The technique is a pretty general one but it holds the utmost importance in terms of selecting the right broker for your trading.

If we check the regulations of pepperstone broker then we can confirm that Pepperstone is a good broker and is safe to trade with.

So, what are the licenses of Pepperstone brokers holding from different regions?

• Australia: To deliver brokerage services to the Australian region or citizens it is holding the regulation of ASIC ( Australian Securities & Investments Commission)

• Bahamas: For reaching out to the Bahamas people the broker has a regulation issued by SCB, Securities Commission of the Bahamas.
• Cyprus:  Under Cyprus jurisdictions, it has CySEC regulation ( Cyprus Securities and Exchange Commission)
• Dubai: Regulation of DFSA – Dubai Financial Services Authority
• Germany: To broaden its regulation it has regulation of BaFin ( Federal Financial Supervisory Authority)
• Kenya:  Regulatory body issued regulation, CMA- Capital Markets Authority
• Uk: The broker is holding regulation under the UK from the regulator FCA, Financial Conduct Authority.

Is pepperstone safe or a scam?

There’s no doubt that pepperstone broker is a trustworthy and promising broker having no bad record in the industry. Pepperstone is an Australian broker having regulation by ASIC ( Australian Securities and Investment Commission).

Moreover, the broker is having the license of the Australian Financial Services and offers low-risk forex trading.

How are you protected with Pepperstone?

Since we already came to know about all the regulations of pepperstone, now let’s dive deep inside into how we are protected with Pepperstone.

With its, every regulation pepperstone is bound to follow some rules to protect client’s money. The client’s money must need to be held in a segregated bank account to avoid any hacking or loss.

Moreover, with the regulations, a trader can also get the facility of negative balance protection. A mandatory 50% margin close-out call is sent to the retail clients as a notification to avoid the possible total loss of the deposit.

Along with the regulations pepperstone is bound to answer any quires in terms of security and authenticity of its service to the assigned complaints authorities. Regulators and their complaints authority are-

FCA  ——- Financial Ombudsman Service

CMA —— Capital Markets Authority

BaFin —— EU Online Dispute Resolution Portal of the European Commission

DFSA —— Dubai Financial Services Authority

CySEC —— The Financial Ombudsman of the Republic of Cyprus

SCB  —- Securities Commission of Bahamas

ASIC —- Australian Financial Complaints Authority

Highlighting Features of Pepperstone

• Its regulations cover trading areas- UK, Germany, Kenya, UAE, Australia, Bahamas, and Cyprus
• Forex, Cryptocurrencies, and CFD are trading products
• Trading fees are comparatively lower
• Demo account facility for practicing trading with riskless virtual money
• No inactivity fee is charged
• 9 base currencies are supported
• The minimum deposit starts from $0 and the withdrawal fee is $0
• Deposits can be done easily through a bank card or electronic wallet

Account opening process of Pepperstone broker

Pepperstone has the aim to attract clients easily and offer them a digital and online hassle-free account opening service. For this major reason, it has kept its account opening process simple and shortcut.

All it will ask from its client is a valid email address, phone number, identity document, and address proof.

So to register your account under the pepperstone broker website –

1. Visit the official website pepperstone.com
2. Click on sign up and fill out your email address and phone number. Or you can sign up by using social media like Facebook or Google account
3. Then the platform will ask you to fill out your first and last name, gender, country of origin, date of birth, and present and permanent address.
4. Once you have done filling out all the information now the broker will ask for your id and address verification.
5. To verify your identity Simply upload any of the valid id document pictures like passport personal info page, NID card photo, or driving license.  And note that the pictures just need to be clear because any blur or wrong pictures will not be granted.
6. After identity verification, you will be asked to upload any address proof. For example, a clear picture of your recent utility bills like gas, water, or electricity bill; credit card statement from the last 3 months, or any other government-issued document.
7. In the end, you will be sent a verification completed message and here you go!
8. From now on you can fund your account balance and open trading positions.

Pepperstone account types review

When you will sign up with Pepperstone you will get two major account types. Now it may feel a bit overwhelming to come to a conclusion on which account type you should choose. To ease your troubles let’s have sound knowledge of the Pepperstone razor account review and Pepperstone Standard account review –

1. Standard account-

A standard account is the best choice for new traders. This account type supports all the major currencies like EUR, USD, NZD, CHF, HKD, JPY, AUD, CAD, GBP, and SGD.  The noticeable part is the leverage ratio may vary depending on your trading volume, lot size, and minimum margin requirements even on the trading instruments.

You need to deposit at least $200 to trade amid 1000+ CFD instruments. There’s no additional fee except for the spreads. Standard account type will offer you per trade min lot size 0.01 to max lot size 100.

And the most positive side of a standard account type is it has a copy trading facility which may encourage novice traders to open trading positions. And a trader should also keep in mind that this account type charges no swap/rollover fee.

• Razor account

Razor account is a perfect choice for traders who feel it easy to trade using the Free VPS hosting.  With this account category, you will be offered 1,000+ CFD instruments for trading as per your preference. And account currencies served are- EUR, NZD, CHF, USD, SGD, AUD, JPY, GBP, HKD, and CAD. To start your trading the minimum amount required is $200 only.

With the flexibility of leverage supply, a trader can enjoy the lowest spread starting from 0.0 pips. And if we talk about the lot size of the Razor account then this account offers a minimum lot size per trade is 0.01 and a maximum lot size of 100.

Some of the takeaways of this account type are- swap-free trading and a demo account for practicing and sharpening the existing trading skills. And last but not least it has a commission charge of $3.5 per lot size.

What to look for before selecting Pepperstone?

• Strong regulation

Pepperstone broker has 7 different regulations from strong regulatory bodies. They are- FCA, ASIC, BaFIN, DFSA, CYSEC, SCB, and CMA. In addition to the regulations, the broker keeps its clients’ funds in Tier 1 banks for added security.

• Tight spread

Pepperstone razor account offers 0 spreads and very low commissions.

• Proactive customer support

With pepperstone broker, a client gets unparallel customer support from Monday to Friday for 24 hours per day.

• Low-latency execution

Within 30 ms Pepperstone will make sure your trade execution is done.

•  Powerful platforms

Along with the most popular platform MT4 it has MT5 and cTrader platforms as well.

• Demo trading

Demo trading is facilitated with the broker’s platform so that a trader can practice free-hand trading using virtual money.

• Swap-free trading

Swap-free trading is applicable on both the standard and razor accounts of pepperstone. And only the Islamic country resident can get the facility to enjoy trading with no swap charges.

• Economic calendar

In this section, pepperstone announces upcoming global economic events to push its clients to go ahead of time.

• Referral income

Along with tons of tools, educational materials, and trading facilities, pepperstone has also opened up an affiliate marketing career for its clients. That means you can share a unique referral link of pepperstone among your friends or through a public medium. By this, if someone opens an account using your referral link and does trading then you will be given a handsome portion of their profit. 

• Global Awards

For outstanding service providers as a Forex and CFDs broker pepperstone has received a couple of top-tier awards. For example- VICTORIA State Government, UK FOREX A W A R D S, EY, Deloitte, BRW., Investment Trends.

Pepperstone Trading platforms Review

Market analysis of Pepperstone broker

Pepperstone trading platform review is incomplete without discussing its market offerings. The broker is so affluent in terms of its diverse trading instruments. After becoming a part of the Pepperstone trading platform a trader gets the choice to select a wide variety of trading instruments.

Let’s know in-depth information on all the market instruments of Pepperstone broker-

Forex

1. Top tier market volatility & liquidity with fast execution
2. Currency pairs 60+
3. Low spreads & sharp pricing
4. Leverage 500:1
5. Stop-loss with no restrictions
6. No requotes or partial execution

Cryptocurrencies

1. Noteworthy volatility with cryptocurrency CFD trading
2. No need for a digital wallet
3. Cryptocurrency CFDs are open to trade cryptocurrencies like Polkadot, Litecoin, Ripple, Bitcoin, and Bitcoin Cash.
4. Leverage up to 10:1

Shares

1. With leverage trade different shares of AU, Uk, German, and US
2. Pricing is Razor sharp
3. Commissions are low
4. Higher liquidity
5. Short selling stocks with leveraged trading
6. Hedging on other positions
7. Out of hours and pre-market trading

ETFs

1. Allows to express views on the broader stock market and particular equity market in different countries at the same time
2. To track the performances of sectors, for example – bond market, energy, technology, and mining: 100+ ETFs are provided
3. Tracking 35 countries’ equity markets across 6 continents
4. Trading ETF on direct underlying exchange prices
5. No additional mark-up on the bid or ask offer
6. The lowest commission to pay per share is only $0.02
7. Funding costs on overnight positions

Indices

1. Facility to trade all the major indices around the globe
2. Razor-sharp pricing from multiple tier 1 banks and liquidity providers
3. Fixed spread. For instance,  AUS200- 1, US30- 2.4, GER- 1.2
4. No requotes and top-tier liquidity
5. Monday to Friday trade indices 24 hours
6. SCB regulation and 24/7 customer care support
7. Fast execution 99.6%

Commodities

1. Lower competitive spreads as low as 0.05 on Gold
2. Fill rate 99.6% with super quick execution
3. All CFDs are leveraged with unlimited self-life
4. Gold, Crude Oils, Silver, Natural gas, and more are offered as CFDs commodities.

Currency Indices

1. Leverage up to 100:1
2. Instruments- US Dollar Index, Euro Index, Japanese Yen Index

Pepperstone Fees Review

1. Pepperstone trading fees

A trading fee is formed of buying, selling, or holding positions, currency conversion rates, and finance rates. Let’s assume Apple, a large US stock $2,000 volume position, and EURUSD currency pair $20,000 volume position.

Now, including the spreads, financial costs, and commission here is the verdict of Pepperstone’s costing

• Apple benchmark fee is only $1.8
• The EURUSD benchmark fee is only $6.2

On the other hand, Pepperstone has low financial rates but if you want to go long then the cost will be higher than average.

For instance, Pepperstone’s yearly financial rates for the below instruments-

• Apple CFD financial rate 2.6%
• EURUSD financial rate 1.2%
• Vodafone CFD financial rate 2.6%

At the same time, pepperstone broker’s platform also charges the currency conversion fee of the dominated currency. The rate is charged based on a mark-up also rate provided by the liquidity provider.

• Pepperstone non-trading fees

When it comes to non-trading fees pepperstone holds an impressive position with no valid non-trading fees at all. A non-trading activity covers the deposit fee, withdrawal fee even the inactivity fee. Let’s observe the breakdown of all the non-trading fees of pepperstone –

Deposit fee            $0

Withdrawal fee     $0

Inactivity fee         $0

Deposit and withdrawal methods of Pepperstone

Pepperstone’s deposit and withdrawal payment systems are so seamless and convenient.  And it can be done from any of the popular mediums mentioned below-

• Visa
• Union Pay
• Mastercard
• Skrill
• POLi
• Neteller
• Bank transfer
• BPay

To deposit or fund your account log into the Secure Client area and from there go to Add Funds. After that, you will be shown several funding options to choose your favorite one. And one great thing is you can escape from the currency conversion rate by depositing through your local currency.

 Yeah, you heard it right! Since pepperstone supports funds in almost all the basic currencies like USD, AUD, HKD, EUR, SGD, CAD, NZD, JPY, GBP, and CHF.

Pepperstone Minimum Deposit

As we already know, Pepperstone broker is offering two basic account types- Standard and Razor. Both the account types have the same minimum requirement for funding. For both of the account types, a trader needs to deposit $200 to execute a trade position.

Pepperstone withdrawal review

You will find it so easy and fun to withdraw funds from pepperstone broker’s site. Before knowing its service costs let us know how to request the withdrawal process.

First thing first, visit the pepperstone.com website and log in to your account. Go to your secure client area and select withdraw funds. Now select the withdrawal amount and method and also fill out the necessary data to complete the withdrawal request.

Once the request is sent you can rely on the account’s current status dashboard for the withdrawal confirmation.

Point to be noted here, pepperstone doesn’t apply any withdrawal charge but some international banks may debit withdrawal charge from both sides and it will be referred to you.

Pepperstone user experience

to know accurately about a broker’s user experience we are depending on the public ratings from big social communities. Here is a list of ratings from some of the authentic public review sites.

1. Pepperstone Trustpilot review : 4.7/5
2. Pepperstone ForexBroker.com review: 4/5
3. Pepperstone  55Broker.com review: 5/5
4. Pepperstone  DailyForex.com review: 4.6/5
5. Pepperstone Brokerchooser.com review: 4.5/5
6. Pepperstone TrustPilot review: 4.7/5
7. Pepperstone Forex- Ratings.com review: 5/5
8. Pepperstone Investopedia.com review: 4.4/5
9. Pepperstone CompareForexBrokers.com: 4.6/5

Customer service

Pepperstone broker started its journey in 2010 and over the years the broker has always attended to its clients in a very personal level conversation. From its platform, you will get the chance to open a live chat either through WhatsApp or a web live session.

In both of the cases, the customer care representative service is so quick and it will assist with any questions to provide you a clear insight.

For further contact facilities, you can use their official email address: support@pepperstone.com, visit its office: Level 16, Tower One, 727 Collins Street, Melbourne VIC 3008 Australia. Even you can take the customer care service over the phone: +613 9020 0155.

And finally, you can claim the customer care service 24/5.

Education

For any trader, it’s so crucial to understanding how to trade in an online trading platform with proper risk management and profit-loss measurements. At the same time, a market-leading broker should amplify sufficient pampering on its educational offerings.

But we may observe that the pepperstone brokerage platform has satisfactory educational supplies. In its education part, it has included in-depth education on learning to trade CFDs, Learn to trade Forex, Learn to trade Crypto, Learn to trade Shares, Trading guides, and webinars as well.

Verdict

While choosing a broker what you do look for? Are you a believer in quality over than showing off? Then of course Pepperstone has got your back!

The broker is delivering its clients a light and fast trade execution system, different platforms, and a variety of competitive pricing even with multiple convenient account types.

Hence, we can’t avoid that the broker has some shortcomings too. It’s not consistent in terms of providing the negative balance protection and also its website maintenance may seem missing some lack attention to detail.

Whatever the customer service and the educational material may appeal to someone like you to be a consistent client of the broker. Moreover, the FCA and ASIC regulatory bodies have enforced the security of their clients to a larger extent.

To sum up, we do give positive feedback about the broker. Also, pepperstone is given positive reviews from its clients, and it is so satisfying.

Pepperstone Faqs