Pepperstone Review

Min. Deposit: $200
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, cTrader

Pepperstone has been a forex broker since 2010. It was developed by a private company incorporated in Australia, and initially it only offered forex related services. In 2012, it launched its first CFDs products, and now they also offer binary products. The company is well known for its tendency to attract new traders through its attractive promotions that include free trading bonuses and cash-back deals.

Source: Pepperstone

The Pepperstone platform has all the features you need, including one-click trading, and a wide range of account types and competitive spreads. You’ll also enjoy excellent customer service with quick response times and dedicated account managers. Its platform looks modern and shows potential for future improvement. Fees are reasonable, except for financing rates for holding positions overnight, and the spreads and liquidity are competitive.

Pepperstone is regulated by some of the biggest financial authorities in the world including BaFin (Germany), FCA (UK), and ASIC (Australia). These three top tier regulators have each independently verified that Pepperstone complies with the highest global standards of regulation.

Trading Platforms

This forex broker offers trading, research products, education, and execution of trades on MT4, MT5 and cTrader. Pepperstone offers a wide range of managed forex trading accounts, covering micro accounts and large accounts with exceptional conditions as well as VIP accounts to its clients.

The trading platform is a fully integrated, cutting-edge solution for the retail forex market. Pepperstone Forex delivers next-generation functionality that focuses on the needs of traders, including those in the busiest, highest volume markets.

Source: Pepperstone

Just like most platforms, Pepperstone offers you the same trading experience on mobile as on desktop, with access to many languages. You can change the language you want to use within the application from the options menu.

Pepperstone’s trading platform is user-friendly on smartphones too with responsive design that adjusts to any screen size.  A particularly useful feature is that when logged out, the platform automatically takes you back to the login page to prevent anonymous access.

Account Types

Pepperstone Forex has a couple of different account types to suit your need. The standard account comes with 1.0-1.3 pips spread and zero commission. On the other hand, the Razor account only charges 0.0 -0.30 pips spread and $7 for opening and closing $100k positions.

Source: Pepperstone

However, you can get a 0.4 pip rebate for each 5 lots you trade which can result in lower commissions. With their Active Trader program, you can enjoy rebates up to a maximum of 20% on your net trade volume. All you have to do is place the trades.

Currencies, leverage, and fees

Pepperstone offers trading with up to 100:1 leverage. Fees are low, especially non-trading fees. It also provides a wide range of currency pairs.Pepperstone offers the lowest trading fee in the business. There are no inactivity fees and no account fees. If you use a debit/credit card, making a withdrawal is free.

For other electronic wallets like Neteller and Skrill, there can be a small charge of 2.5%. There will be no charge for bank transfers for Australian and European clients, but $20 for everyone else.

Source: Pepperstone

Pepperstone’s CFD trading lets you buy, sell and go short on almost 60 of the most popular traded stocks on US stock markets. (Boeing, Facebook, Apple, Exxon Mobil, AT&T… you name it). After hours trading is also available (that’s when the big companies are often releasing earnings results).

If you want to trade CFD’s of the 50 most liquid shares in Australia and 25+ popular German shares, put your money into Pepperstone Forex.However,you will need to sign up for an MT5 account to trade CFD shares. Pepperstone is an ECN broker. This means that when you place a trade, you send it directly to the market makers who then price the trade and execute it on your behalf. This is opposed to dealing with a traditional broker who would execute the trade at their own price first before sending it to the market maker. It stands out from the competition by offering micro accounts, tight spreads and more. Pepperstone also has very reasonable account fees and negative balance protection at high leverage.