Pepperstone Review

1. What is Pepperstone?
2. Pepperstone Pros and Cons
3. Is Pepperstone safe or a scam?
4. Leverage
5. Accounts
6. Instruments
7. Fees
8. Spreads
9. Deposits and Withdrawals
10. Trading Platform
11. Customer Support
12. Education
13. Conclusion

Our Review Method

• 55Brokers Financial Experts with over 10 years experience in Forex Trading check trading offering, fees, platforms, verified regulations, contacted customer service and placed traders to see trading conditions and give expert opinion about Pepperstone

What is Pepperstone?

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

Also, the broker constantly developing its proposal and getting licenses, alike Pepperstone Limited was launched in the UK in 2015 while expanding its services to cover the needs of UK and European clients through local access. Overall, the group serves offices in major financial destinations Melbourne, Dubai, Limassol, Nassau, Nairobi, Dusseldorf and London.

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.

Pepperstone Pros and Cons

Pepperstone is a reliable broker with top-tier licensed FCA and ASIC, while the account opening is fully digital and trading environment is one of the best reviewed by us Australian offering with NDD accounts. There is powerful research and trading tools available, range of platform is great, also education section is excellent quality with good responsive support.

For the Cons there are not so many with our opinion, just some minor things demo account available for 30 days only, also instruments are limited to Forex and CFDs. Besides conditions vary based on entity and its applicable regulatory standards.

Pepperstone Review Summary in 10 Points

🏢 Headquarters	Australia
🗺️ Regulation	ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
🖥 Platforms	MT4, MT5, cTrader, TradingView
📉 Instruments	CFD's on equties, indices, shares, commodities, energy, metal and cryptocurrency
💰 EUR/USD Spread	0.77 pips
🎮 Demo Account	Available
💳 Minimum deposit	200$
💰 Base currencies	AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF and GBP
📚 Education	Provided, research tools included
☎ Customer Support	24/7

Overall Pepperstone Ranking

Based on our Expert finds and review Pepperstone is considered good broker with reliable service and very favorable trading conditions, that are suitable for beginners or experienced traders. As one of the good advantages, Pepperstone covers almost all globe, so traders from various countries can sign in, also with lowest spreads.

• Pepperstone Overall Ranking is 9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.

Pepperstone Alternative Brokers

However, Pepperstone instrument offering mainly limited to Forex and CFDs, also international entity provides different trading conditions and range.  Even though, spreads, platforms and education are really good at Pepperstone is good to consider other brokers too, see our selection of Alternative Brokers below:

• Dukascopy – Excellent for Shares, Futures Trading
• AvaTrade – Good Instrument and CopyTrading
• InteractiveBrokers – Good for US Trading and Trading of Real Stocks

Awards

Since Pepperstone strives to propose the best options to traders community, in fact it was recognized by numerous awards for its strives, which the broker received regularly along with the great reviews from traders themselves. Also, we see ourselves evolvement of the broker along time, while more instruments and better quality tools are constantly added on, also before Pepperstone was only Australia broker now it covers almost all globe, which is a great plus overall.

• #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

Is Pepperstone safe or scam?

No, Pepperstone is not a scam, it is a reliable established Australian broker that 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 proving low-risk Forex.

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 addiing on licenses constanly alike in 2020 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 opportunities 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.

See our conclusion on Pepperstone Reliability:

• Our Ranked Pepperstone Trust Score is 9 out 0f 10 for good reputation and service along the years, also reliable top-tier licenses and serving regulated entityt in each region it operates. The only point is International trading available via the offshore entity.

How are you protected?

The above regulators strictly oblige the broker to follow the required performance, while 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 for European clients is 1:30 on Forex instruments.
• However, leverage levels depend by the entity rules, alike international offering Pepperstone still includes leverage of 1:500 or for Professional clients available on each entity.

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.

Account types

Pepperstone accounts offers two main account types, with the same quality performance, support and comprehensive platform’s features. See some of our notes about Pepperstone accounts below:

How to open Pepperstone live account?

Opening account with Pepperstone is quite easy, you just need to follow the steps of account open, verify your details and select the account type of your preference, also with ability to switch between Demo and Live Trading modes.

• While beginning traders or non-professionals can sign for a Standard Account, a classical type on no commission basis and institutional grade STP spreads from 0.6 pips available in the MT4 platform.
• A choice for professional traders who prefer to pay commission instead of spread consistent in Razor Account – commission from 3.5$ and spread from 0.0 pip, while leverage is flexible along with advanced algorithms for execution speed.

Also, with its global reach Pepperstone offers traders following Sharia rules may sign for a SWAP Free Account with STP spreads with 0 commission. Besides, we found some other attractive opportunities like Pepperstone is a PAMM Account forex broker, also suitable for copy trading or investments.

Active Trader Reward Program

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 also some rebate program too.

Trading Instruments

The markets or instrument offering includes CFDs on 70+currency pairs, Cryptocurrencies (with access to trade Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin against the US Dollar), metals, commodities as well a range of major indices across the multiple broker’s platforms.

• Pepperstone Markets Range Score is 8 out 0f 10 for wide trading instrument selection, yet the only gap European entity offers mainly CFDs and Forex Instruments, and wider range is only available for International Clients

Can I trade Crypto with Pepperstone?

Yes you can trade Cryptocurrencies on Pepperstone platform, besides conditions are very attractive and range is good withh our opinion.

Yet note, that instruments may vary depending on jurisdiction (e.g. Crypto CFDs are not available under CMA or FCA UK entitites).

Pepperstone Fees

Pepperstone pricing are either built into a spread or a commission basis, with  a choice of the account type, also prices and quotes are provided by multiple liquidity providers as we found on our research. Therefore you definitely get very competitive pricing, while Pepperstone spread considered to be among the industry lowest spreads.

• Pepperstone Fees are ranked low with overall rating 9 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on entity offering, see our finds of fees and pricing in the table below, however Pepperstone overall fees are considered good.

Spreads

Pepperstone spread are different on on Standard or Razor accounts, where e.g. EUR/USD minimum spread starting from 0 pips and most often averages on 0.17-0.77 pips which is considered very good proposal compared to other brokers. Cryptocurrency costs are also good, where Bitcoin spreads are from $10, Ethereum $4 and Litecoin spread is $3.

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.

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

• Pepperstone Spreads are ranked low with overall rating 9 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average of 1.2 pips for EURUSD, and spreads for other instruments are very attractive too

Asset/ Pair	Pepperstone Spread	XM Spread	AvaTrade Spread
EUR USD Spread	0.77 pips	1.6 pips	1.3 pips
Crude Oil WTI Spread	2.3 pips	5 pips	3 pips
Gold Spread	0.13	35	40
BTC USD Spread	31.39	60	0.75%

Deposits and Withdrawals

Pepperstone 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 definitely great selection, in simple words means you can skip the exchange fees and may benefit from trading in your local currency.

• Pepperstone Funding Methods we ranked Excellent with overall rating 8 out of 10. Minimum deposit is among average in industry, yet Fees are either none or very small also allowing to benefit from various account based currencies, yet deposit options vary on each entity

Here are some good and negative points for Pepperstone funding methods found:

Deposit Options

In terms of funding methods, Pepperstone offers numerous payment methods which is very good plus, 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
• PayPal
• MPESA

Pepperstone Minimum deposit

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

HYCM minimum deposit vs other brokers

	HYCM	Most Other Brokers
Minimum Deposit	$100	$500

Does Pepperstone accept MPESA?

Yes, MPESA payment method is among the accepted list in Pepperstone as we found it out.

Pepperstone Withdrawals

Pepperstone does not charge any internal fees for deposits or withdrawals, traders can use various withdrawal options including Cards, ewallets and Bank transfers, however international bank institutions may attract fees from either party which will be referred to the client.

How Withdraw money from Pepperstone step by step:

1. Login to your account
2. Select on Withdraw Funds’ 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

Pepperstone’s trading technology and software provides great performance also with additional included tools and options enhancing its technical solution. Overall, we found 11 Pepperstone trading platforms offering MT4 or its new version MT5, TradingView and cTrader on various versions so you truly can gain powerful trading solution, suitable to your own way of strategy or output since all trading styles are supported.

• Pepperstone Platform are ranked Excellent with overall rating 10 out of 10 compared to over 500 other brokers. We mark it as excellent being one of the best proposals we saw in industry, and a great range including MT4, MT5, cTrader suitiable for professional futures trading and TradingView. Also, all provided with good research and excellent tools

Web Trading Platform

If you prefer trading on Web without instalation, 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.

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 we admit great combination of Pepperstone’s liquidity and robust infrastructure of cTrader provides great productivity. See look and feel snapshot below.
• Besides, Pepperstone enhances trading options with social trading capabilities so you will be able to use industry-popular ZuluTrade and its copy trading performance.
• Pepperstone also is an active partner of Equinix that creates a state of art Forex trading infrastructure
• Key cTrader’s component is cAlgo, which is designed to be a powerful tool with robots and indicators developed on C# for intuitive functionality suitable and actually great for API Trading

Customer Support

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

• Customer Support in Pepperstone is ranked Excellent with overall rating 9 out of 10 based on our testing. We got some of the fastest and most knowledgeable responses compared too other brokers,  also quite easy to reach during the working days

See our find and Ranking on Customer Service Quality:

Pepperstone 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 trading platform capabilities there are additional research included too like Autochartist, and regularly updated from the broker’s in-house analyst, which we ranked as excellent for its quality.

• Pepperstone Education ranked with overall rating 10 out of 10 based on our research. Pepperstone provides very good quality Education Materials, excellent research, also cooperates with market leading providers of data, and provides free Webinars, Excellent Trading videos and Analysis

Pepperstone Review Conclusion

Out final thoughts about Pepperstone are very positive, as a regulated broker Pepperstone delivers a reliable trading solution. What we liked the most is the broker’s trade execution that starts from 50ms of latency, settled immediately, with no delays, rejects, or requotes, and of course fantastic, very competitive pricing model with low fees. Also, technical solution and platform selection is one of the best we saw in industry compared to other. Overall making Pepperstone trully competitive in almost each of its aspects.

Based on Our findings and Financial Expert Opinion Pepperstone is Good for:

• Beginning Traders
• Professional Traders
• Algorithmic or API Traders
• EAs running
• Copy Trading
• Scalping / Hedging Startegies
• Traders who prefer MT4 or MT5 platform
• For cTrader Platform and TradingView Platform use
• Currency Trading and CFD Trading
• Suitable for a Variety of Trading Strategies
• Traders who look for Autochartist and Trading Central Research included