Pepperstone Review

  • Leverage: 1:30

  • Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN

  • Min. Deposit: 200 US$

  • HQ: Australia

  • Platforms: MT4, MT5, cTrader

  • Found in: 2010

Pepperstone Licenses

  • Pepperstone Limited - authorized by FCA (UK) registration no.Ā 684312Ā 
  • Pepperstone Group Limited - authorized by ASIC (Australia) registration no. ACN 147 055 703,Ā AFSL 414530Ā 
  • Pepperstone Markets Limited - authorized by SCB (Bahamas) License number SIA-F217
  • Pepperstone Markets Kenya Limited - authorized by CMA Licence No.128
  • Pepperstone EU Limited - authorized by CySEC (Cyprus) registration no. 388/20
  1. What is Pepperstone?
  2. Is Pepperstone safe or a scam?
  3. Leverage
  4. Accounts
  5. Fees
  6. Instruments
  7. Deposits and Withdrawals
  8. Trading Platform
  9. Customer Support
  10. Education
  11. Conclusion

What is Pepperstone?

Pepperstone is a wholly-owned subsidiary of Pepperstone Group Limited, an Australian-based company established in 2010, which has quickly grown into one of the large forex and CFD worldwide providers.

Pepperstone Limited was launched in the UK in 2016 while expanded its services to cover the needs of UK and European clients through local access. Overall, the group serves offices in major financial destinations Melbourne, Dallas, Bangkok and London.

ProsCons
Multiply regulated broker with a strong establishmentOnly Forex and CFDs
Good reputationNo 24/7 support
Wide range of trading platformsDemo Account valid for 30 days
Global expand including Australia, Asia, MENA, Africa regions and Europe
Competitive trading conditions

Pepperstone website

10 Points Summary
šŸ¢ HeadquartersAustralia
šŸ—ŗļø RegulationASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
šŸ–„ PlatformsMT4, MT5, cTrader
šŸ“‰ InstrumentsCFD's on equties, indices, shares, commodities, energy, metal and cryptocurrency
šŸ’° EUR/USD Spread0.2 pips
šŸŽ® Demo AccountAvailable
šŸ’³ Minimum deposit200$
šŸ’° Base currenciesAUS, USD, SGD, HKD, JPY, NZD, EUR, CHF and GBP
šŸ“š EducationProvided, research tools included
ā˜Ž Customer Support24/5

What type of broker is Pepperstone?

Pepperstone was originally founded as a specialist forex broker providing access to interbank execution and low spread pricing. However, further on Pepperstone established assistance service for both retail and institutional traders through low-cost pricing by the multiple direct destinations of liquidity, without a deal desk and became execution-only broker.

The Pepperstone quotes coming from as many as 22 Major Banks and Electronic Crossing Networks, therefore traders can place orders assured of the best possible market price.

Awards

Indeed, Pepperstone strives to propose the best options to traders community was recognized by numerous awards, which the broker received regularly along to the great reviews from traders themselves.

  • Exporter of the Year | Digital Technologies | Governor of Victoria Export Awards 2017
  • #1 Overall Client Satisfaction | #1 Value for Money | #1 Execution Speed | #1 Spreads | #1 Platform Reliability | #1 Platform Ease of Use | #1 Commissions | Investment Trends

Pepperstone awards

Is Pepperstone safe or a scam?

Pepperstone as established Australian broker complied its operation according to the respected regulation by the Australian Securities and Investments Commission (ASIC), as well as the holder of an Australian Financial Services Licence.

ProsCons
Multiply regulated broker with a strong establishmentNone
Regulated by ASIC and FCA
Global expands including ASIA, MENA, Africa regions with DFSA regulation
Negative Balance protection

Is Pepperstone legit?

Yes, Pepperstone is legit and regulated broker. In addition, Pepperstone holds relevant authorization at every region it operates. Therefore, clients’ residents of the UK and EEA are processed by Pepperstone Limited that is a registered UK company and regulated by the Financial Conduct Authority.

In addition, Pepperstone recently as of Novemberā€™20 acquire CySEC license as well, so that the EU clients are fully covered under its legislation. It also, add on BaFIN license at the end of the month securing German markets likewise. Read more on the News tag.

MENA region and clients from Dubai are also authorized to legit and regulated Forex trading opportunity since the broker is authorized by the DFSA. In addition, with continuous expand Pepperstone established an entity in Kenya while regulated by CMA so the African region is covered as well.

Pepperstone entity Regulation and License
Pepperstone Group Limited ASIC (Australia) registration no. ACN 147 055 703,Ā AFSL 414530
Pepperstone Limited FCA (UK) registration no.Ā 684312

How are you protected?

The above regulators strictly oblige the broker to follow the required performance, hence Pepperstone has no doubts about their reliability. Both, ASIC and FCA demand financial services firms follow strict capital requirements, fully segregate traders’ accounts from the company funds, comply to internal risk management, training, accounting, audits and many more.

In addition, the company provides Negative Balance protection and an automated Risk Management System to secure clients’ safe trade.

Leverage

In regards to the traders from Europe or those which account are registered with Pepperstone UK, as the European ESMA regulation recently lowered the maximum allowed leverage with a security purpose the maximum leverage level is 1:30 on Forex instruments.

Pepperstone still offers leverage of 1:500 for the approved pro clients, which you can benefit from. Yet, make sure to learn deeply about leverage and how to use it smartly, as an increase of your trading size may play a significant role in your either potential income or looses as well.

Accounts

Firstly letā€™s check on the Pepperstone diverse of accounts that include different types designed to meetĀ particular tradersā€™ expectations and needs.

ProsCons
Fast digital account openingAccount types and proposal may vary according to jurisdiction
Demo Account free use for 30 days
The proposal between Accounts based on spread only or based on commission
Low minimum deposit

Account types

While, all accounts offer the same quality performance, support and comprehensive platformā€™s features, the beginning traders or non-professionals can sign for a Standard Account, a classical type on no commission basis and institutional grade STP spreads from 1.0 pips available in the MT4 platform.

A choice for professional traders who prefer to pay commission instead of spread consistent in Razor Accountcommission from 3.5$ and spread from 0.0 pip, while leverage is flexible along with advanced algorithms for execution speed.

Pepperstone accounts

Active Trader

Active traders with high volume or institutional traders may access Active Trader Program specialized specifications with spreads from 0.0 pips, advanced reporting and dedicated manager, as well as VPS hosting service, custom solutions like API, FX GUI and leading third party providers.

Moreover, traders following Sharia rules may sign for a SWAP Free Account with STP spreads with 0 commission.

Fees

Pepperstone spread as we mentioned before is provided by multiple liquidity providers, therefore you definitely get very competitive pricing, while spread considered to be among the industry lowest spreads.

ProsCons
Available options between spread only or commission chargesNone
Low CFD fees
Low Forex fees
No additional costs

Our Find on Forex fees

See the typical spread reference in the table below, yet you may see a slight difference between spread on Standard or Razor accounts, where e.g. EUR/USD minimum spread starting from 0 pips and most often overages on 0.16-0.2 pips. Cryptocurrency costs are also good, where Bitcoin spreads are from $10, Ethereum $4 and Litecoin spread is $3.

For the most accurate data check the official Pepperstone website or platform also, check out and compare fees with another popular broker Plus500 or see comparison table below.

Comparison between Pepperstone fees and similar brokers
Asset/ PairPepperstone FeesXM FeesAvaTrade Fees
EUR USD0.2 pips1.6 pips1.3 pips
Crude Oil WTI8 pips5 pips3 pips
Gold1.43540
BTC USD$10600.75%
Inactivity feeYesYesYes
Deposit feeNoNo No
Fee rankingLowHighAverage

What is Pepperstone commission?

The commission fee is added on Pepperstone Razor Accounts only, since you will be trading with interbank spread quotes starting from 0 pips and commission charges are added as a trading fee. Pepperstone applies transparent conditions and a quite competitive offering of $3.5 per lot per 100,000 USD traded.

Trading Instruments

The markets or instrument offering includes 70+currency pairs, Cryptocurrencies (with access to trade Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin against the US Dollar, with leverage 5:1), metals, commodities as well a range of major indices across the multiple brokerā€™s platforms.

Pepperstone instruments

Deposits and Withdrawals

Pepperstoneā€™s enables clients to fund an account with ease throughout client area, as well to choose account currency that includes AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, CAD, SGD and HKD. Which is edefinitely great, in simple words means you can skip exchange fee and may benefit from trading in your local currency.

ProsCons
Fast digital deposits, including Neteller, and Credit CardsNone
200$ is a first deposit
Multiple Account Base Currencies
0$ deposits and free withdrawals
Withdrawal requests confirmed 12-24 hours

Deposit Options

In terms of funding methods, Pepperstone offers numerous payment methods, yet check according to its regulation whether the method is available or not.

  • Bank Wire,
  • Credit/Debit cards,
  • Skrill,
  • Local Bank Deposit,
  • Neteller,
  • Bpay,
  • Union Pay
  • Broker to Broker transfers between existing brokers.

What is the Minimum deposit for Pepperstone?

The minimum deposit amount is as low as 200$ for any account type of your choice.

Pepperstone funding methods

Withdrawals

What is more, Pepperstone does not charge any internal fees for deposits or withdrawals, however, international bank institutions may attract fees from either party which will be referred to the client.

Withdraw money step by step

  1. Login to your account
  2. Select on Withdraw Fundsā€™Ā at the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with necessary requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your Dashboard

Trading Platforms

The Pepperstoneā€™s trading technology and software mainstays the importance of performance and then an additional included parameters. With 11 Pepperstone trading platforms offering MT4 or its new version MT5 and cTrader on various versions so you truly gain a powerful trading solution with your own way of strategy or output since all trading styles are supported.

ProsCons
User friendly softwareNone
Available MT4 and MT5 platforms and cTrader
11 platforms suitable for Web, Mobile and Desktop trading
Mobile App for iOS and Android
Fee Report
Supporting numerous languages

Web Trading Platform

The popular choice of MetaTrader4 supports various devices from the web, desktop or mobile applications all at your choice. As well the platform offers a rich, user-friendly interface and hosts order management tools, indicators, expert advisors, DDE protocols and many more.

In addition, Pepperstone enhanced platform with Smart Trader Tools, a package with over 10 smart apps that makes trading more efficient.

Pepperstone platfrom

Desktop Platform

The fans of cTrader Platform are welcomed also, as software believed to be one the most innovative and revolutionary trading platforms available through the Desktop version. As the platform based on an algorithmic logic it shows great performance and allows efficient position management in fast moving markets.

Where a combination of Pepperstoneā€™s liquidity and robust infrastructure provides great productivity.

Besides, Pepperstone enhances trading options with social trading capabilities so you will be able to use industry popular ZuluTrade and its copy trading performance.

Mobile Platform

The platform is also available on Web version as well through the mobile application.Ā  Yet, a key cTraderā€™s component is cAlgo, which designed to be a powerful tool with robots and indicators developed on C# for intuitive functionality.

  • Pepperstone also is an active partner of Equinix that creates a state of art Forex trading infrastructure that directly exchange data with strategic partners and customers in close proximity.

Customer Support

Another point to admit is awarded support provided by the Pepperstone. Their commitment to the client’s satisfaction includes 24 hour live chat facility and support, full self-service Secure Client Area for account management, as well as real time news feeds with education resources and market commentary.

ProsCons
Quick responseNo 24/7 customer support
Relevant answers
Availability of Live Chat

Education

As for the education and traders resources, you would find an Education and Analysis center developed by Pepperstone, where trading videos, Webinars and numerous research tools available for all. What is also great there are trading ideas and social trading capabilities, also analysis and fundamental data powered by leading providers like Trading Central.

Together with advanced trading platform capabilities there are additional research included too like Autochartist, and regularly updated from the brokerā€™s in-house analyst.

ProsCons
Advanced education with Webinars, Videos, Economic CalendarsNone
Daily Market Commentary and Forex News
Numerus research tools
Autochartist, Trading Central

Pepperstone education

Conclusion

As we found out, whenever possible Pepperstone aim to create, develop, or introduce solutions that make trading easier, fairer and even more professional for every client. As a regulated broker, the broker delivers a reliable trading solution, while you can concentrate on trading assured the money handled safely.

What we liked the most is the prouder brokerā€™s trade execution that starts from 50ms of latency, settled immediately, with no delays, rejects, or requotes, and of course fantastic, very competitive pricing modelĀ throughout powerful trading software.

Overall, Pepperstone works perfectly well towards maintaining its core values while offering the best possible service, low-latency execution, low-cost spreads, and exceptional customer support.

Lastly, will be great to know your personal opinion about Pepperstone and its trading conditions, which you may share in the comment area below.

  • Pepperstone acquires CySEC license

    Award-winning online CFD broker Pepperstone goes from strength to strength with its official launch of commercial operations in Cyprus under its CySec license, securing certainty for European clients ahead of Brexit. Pepperstone is built on an uncompromising level of service for all its clients, underpinned by some of the best prices and execution speeds in...

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  • Award-winning online global forex and CFD broker Pepperstone enters the Kenyan market.

    PepperstoneĀ one of the worldā€™s largest brokers,enters the Kenyan forex trading market. Pepperstone is built on an uncompromising level of service for all its clients, underpinned by some of the best prices and execution speeds in the industry.  Explore Pepperstoneā€™s products and pricing at Pepperstone.com Pepperstone Markets Kenya Ltd, a subsidiary of Pepperstone Group Ltd, has...

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  • Several Big Brokers Are Looking To Get Dubai Financial Services License

    Three largest brokerages such as CMC Markets, LCG and Pepperstone and two more major companies have applied for getting the Dubai Financial Services Authority license. These companies want to acquire an operating license in Dubai. The Dubai Financial Services Authority (DFSA) is the financial regulatory agency of the special economic zone, the Dubai International Financial...

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  • Pepperstone broker granted Germany’s BaFin license

    Award-winning online FX and CFD broker Pepperstone has started his operation under its German license granted by the local regulator BaFin. The new operation will strengthen the brokerā€™s fintech offering to the German speaking world in its 10th year of operation. Find out more about Pepperstoneā€™s range of instruments and markets available to traders here....

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7 responses to “Pepperstone”

  1. I went to open open an account with them. I have submitted all the details as requested by them. It took 2 weeks for them to create an account. Afterwards i did a bank transfer to their account. 2 weeks and Pepperstone didn’t acknowledge the transfer instead they told me to follow up with my bank which a British bank. Another one week passed and they came to me and said the they won’t accept the transfer from certain countries. If that is the case
    A. They should have written on their website.
    B. Their customer reps shouldn’t have waited this long to inform me. Clearly they themselves are not aware of their own regulations and they wasted my time asking me to submit documents every time i reach them for the transfer deposit.
    C. In the end , they simply said they won’t accept money from certain bank/countries.
    I had to cancel the transfer and it costed me $100 fee for nothing.
    If this the kind of support you get, you better off not trading with them because they don’t know what they are doing.
    Please educate your support people so your client won’t loose money for nothing.

  2. Yes, fees are charged for withdrawals, $ 20 for bank transfers, and $ 1 for neteller and skrill, I don’t use other means of payment, I’m testing the broker, executions are very fast, and the spread is very competitive, the problem is the issue of withdrawals , I realized some I don’t have much to say for now.

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