Pepperstone | Review | CFD Trading Platform
Pepperstone | Review | CFD Trading Platform Review
Our Review
PEPPERSTONE
Find all you need to know about PEPPERSTONE Trading Platform.
Topics
What is Pepperstone
Is Pepperstone safe or a scam?
Leverage
Accounts
Fees
Trading Instruments
Deposits and Withdrawals
Trading Platform
Customer Support
Education
Conclusion
What is Pepperstone?
Pepperstone is also an online forex broker, established in 2010. It is a trusted and regulated broker with offices in many countries such as Limassol, London, Melbourne, Dubai, Düsseldorf, and Nairobi.
Pepperstone website claims that most orders have been complete within 30ms or less execution speed. Traders can access to almost 180 instruments including forex, crypto, stocks etc. Besides, MetaTrader 4 and MetaTrader 5 trading platforms, Pepperstone also provide C trader platform. Leverage level is up to 1: 500 and two types of account available. It has won awards in giving quick responses to its clients with an excellent rating of 4.3 over 5. Just like other best forex broker, this broker also has various educational and research resources.
Pros |
Cons |
It is a multi-regulated broker |
Services only for 5 business days |
Award winning customer support |
Demo account with validity of 30 days |
Provides best trading platforms |
|
180 trading instruments |
10 Points Summary
Headquarters |
Australia |
Regulation |
ASIC, FCA, CMA, CySEC, DFSA, BaFIN |
Platforms |
MetaTrader, 4 MetaTrader 5 and cTrader |
Instruments |
CFDS on Share, Equities, Energy, Metals, Oil, Stock Indices & Cryptocurrency |
EUR/USD Spread |
0.2 pips |
Demo Account |
Accessible |
Minimum deposit |
$200 |
Base currencies |
USD, EUR, CHF, RUB, MBT, NZD & JPY |
Education |
Educational videos & research tool available |
Customer Support |
Open on 24/5 |
Is Pepperstone safe or a scam?
The brokers are usually safe or legit who are regulated and licensed by different companies. Pepperstone is an Australian company and functions under the regulation of “Australian Securities and investments Commission” (ASIC). As it is a multi-regulated company, the clients with UK and EEA residence, are regulated by the Financial Conduct Authority (FCA).
Clients from the MENA region and Dubai have an opportunity of legit forex trading because of DFSA regulations. Similarly, CMA regulation works in Kenya entity. Furthermore, it also provides negative balance protection. The broker also assured the security of clients’ data and funds. Clients’ funds kept in segregated bank accounts and also not allowed by authorities to use it for any other purposes.
So, to start a trade with Pepperstone is safe and your investment, your personal data and information would not be in danger. Because any harm to your investment and data can also effect the image of this broker.
Leverage
The maximum level of leverage on Pepperstone broker is 1:500, which is good being an Australian company. However, those traders’ accounts which regulated with European ESMA regulation can access maximum leverage of 1:30. Make sure that you have enough knowledge about how to use leverage effectively, because it has wide impact on your profits or losses.
Accounts
Pepperstone has two types of accounts for its clients. Both types of accounts share some features such as same quality performance, support or other platform features.
Account Types
Standard account
The new traders or non-professionals can choose this account to begin trading. As the spread is as low as 1 pip with a straight-through process (STP) and offers zero commission. 0.01 lot is the minimum trade size. This account is commission free account and also available in MT4 trading platform.
Razor account
Pepperstone’s second account is commission based account. This account is mostly used by professionals who prefer to pay instead of using standard account which is commission free account. The combination of 0.0 pip spread and only $3.5 or other base currency commission, makes a cool choice for professionals. However, c trader platform razor account has a different commission from MetaTrader 4 platform.
Trading platforms
On Pepperstone broker, you will find three types of trading platforms, MetaTrader 4, MetaTrader 5 and c Trader. We will review them one by one.
Pros |
Cons |
Mobile apps available for android and ios |
Cons |
It can provide services in multiple languages |
|
MT 4 and its new version MT 5 and c Trader platforms |
|
Fee report |
MT4
MT 4 is a well-known trading platform among thousands of traders. As it has many cool features that facilitate the traders such as order management tool, Expert Advisor and 85 pre-installed technical indicators. There are over 150trading tools that you can use such as forex, crypto, stocks, commodities and indices etc.
This platform can support almost 40 different languages. MT4 can give you access to 28 additional trader tools. Besides, you will get many features and benefits from Pepperstone’s MT 4 platform.
MT5
With the latest tools, advance pending orders and exceptional features, MT 5 platform can take your trading career to an upper level. It can optimize the processing speed and has ability to hedge your positions.
The traders can access the maximum 500 pending order in this platform. Additionally, it has two built-in tools, economic calendar and 38 indicators.
cTrader
Despite the above two platforms, the Pepperstone broker provides an advance one platform name as c trader. It has latest designed with advance trading skills, coding and many education and research tools. cTrader platform is suitable for both new and professional traders.
This platform can add many take-profit orders. Traders can also check details of the placing orders such as base currency, dollar value and pip calculation. C Trader also available for android, ios, as well as desktop.
Desktop and mobile trading platform
Trade on Pepperstone can easily carried on any devices. It offers easy and user-friendly software that can easily run on desktop and also on your mobile. It also efficiently work on any operating system like Android, Apple and IOS. Pepperstone improved the features of its software with time and now it become easy for everyone to start a trade even on your mobile phone.
Fee
As mentioned, MetaTrader 4 and c Trader Razor account implied different amount of commissions. $3.5 and $7.53 is the commission amount of both platforms respectively. Stock trading has a commission fee of $0.02$ per share.
If you hold a position overnight, then certain fee also implies. Your accounts can be inactivated within three months, as there is no fee for this.
Trading instruments
The trading instrument offered by Pepperstone broker are stocks, more than 70 currencies, crypto currency, metals , commodities, and equity indices through different platforms. It can also provide a chance for trading on Ethereum, Litcoin, and Bitcoin alongside the USD with leverage level of 5:1.
The trading tools of Pepperstone broker provides help in decreasing the risk of losing any money and in improving trading policies. cTrader tool, smart trader tools, API trading, and Auto chartist are the main tools.
Deposit and withdrawal
The minimum deposit for any types of account you prefer is $200. For funding, Pepperstone has various methods which have whether its regulation allow it or not in certain areas.
Bank transfer wire
Debit/credit card
Skrill
China Union pay
Local bank deposit
Neteller
Broker to broker (existing broker)
On the first deposit, the process can be of two to five business days. After the first deposit, the process may be complete within 2 or 3 days. There is no fee associated with fund deposition. If you want deposit fund in your account immediately, you can use debit/visa cards, PayPal, Skrill or Neteller.
Withdrawal process
For withdrawal purpose, you can utilize PayPal, Skrill, and bank transfers. There is a fee of $20 on withdrawal by bank transfer method. Withdrawal process may take up to 5 days.
You can follow this process for withdrawing the money:
First log in the account
Pick the “withdraw fund” from the menu tab
Now enter the amount you want to take out
Select the withdrawal method
Few requirements are necessary for electronic request
Confirms the information and then submit
Education & Research
Pepperstone broker also has educational programs and research analysis resources for trader’s knowledge. For learning purpose, you would find the trading course, videos, and webinars on Pepperstone website. The professional traders give the trading courses, or by watching videos, you can increase your education about forex trading as a beginner.
There is a free MT 4 course that explains everything about the MetaTrader 4 platform. This course tells about the installation of Expert Advisor (EA), indicator, and scripts. Furthermore, you can study the setup of VPS, use of trading tools, and even many more.
The analysis section comprises of market news, market analysis, and an economic calendar. The market analysis gives the overview of daily trading of forex and other trading markets.
Pros |
Cons |
Facility of webinars, videos, and economic calendar for updates. |
As such no cons found |
Daily analysis of forex trading |
|
Auto chartist |
|
Various analysis tool |
Customer support
This broker provides the award-winning customer services with 24 hours/5 live chat, quick response and full-service secure client area for the account management. You can also email them for any kinds of help. Besides, the availability of phone numbers for non-UK, AU, and international traders can find services.
Conclusion
This review concludes that Pepperstone broker proves to be a trusted and top forex broker. An entity in different regions hold licenses by multiple authorities. From account creating process to payment methods, everything looks straightforward and fair. All trading platforms of this broker are great in providing excellent trade. Award-winning customer support makes it no.1 trending for client’s satisfaction.
FAQS
Does Pepperstone provide bonuses?
No, this broker does not provide any bonuses.
Is Pepperstone has Islamic accounts?
Yes, Pepperstone provide swap free Islamic accounts.
How many accounts types Pepperstone offers?
This broker offers two account types, standard and razor account.
Pepperstone | Review | CFD Trading Platform
Pepperstone | Review | CFD Trading Platform Licenses:
Pepperstone limited – approved by FCA (UK) with registration no. 684312
Pepperstone group limited – approved by ASIC (Australia) with registration no. ACN 147 055 703, AFSL 414530
Pepperstone Markets Kenya Limited - certified by CMA with License No.128
Leverage:
1:30 | 1:500
Regulation:
ASIC, FCA
Min. Deposit:
200$
HQ:
Australia
Platforms:
MT4, MT5, c trader
Found in
2010