Pepperstone Review

Established in 2010, Pepperstone is a globally trusted online broker offering Forex trading, spread betting, and CFDs across several markets including forex, indices, commodities, shares, and cryptocurrencies.

The broker provides clients with an easy registration process along with a bunch of great trading tools and features such as; access to industry-leading advanced trading platforms; low latency and fast order execution and an awarding-winning 24/5 client support team.

Pepperstone Broker Details

BrokerPepperstone
FoundationFounded in 2010
RegulationsASIC (Australia), FCA (United Kingdom),
DFSA (Dubai)
Publicly ListedNo
Product OfferingCFDs and Spread betting
Available InstrumentsForex, Indices, Commodities, Shares, and Cryptocurrencies.
Trading PlatformsMT4, MT5 and cTrader; computer platforms,
web-based platforms, mobile apps.
Broker TypeSTP
Minimum deposit$0
Maximum Leverage1:1 – 1:500
1:1 – 1:30 (EU Traders)
Minimum trade size0.01
Maximum trade size100
US ClientsNo
Account CurrenciesAUS, USD, SGD, HKD, JPY, NZD, EUR,
CHF and GBP
Account Funding &
Withdrawal Methods
Card Payments– Credit / Debit Card, Visa, MasterCard
Bank Payments – Bank Transfer and local funding methods in
certain regions (e.g Malaysia, Brazil),
European local bank transfer
Electronic Payments – Neteller, Skrill, PayPal and Poli.
ScalpingAllowed
HedgingAllowed
News tradingAvailable
LanguagesEnglish, Chinese, Arabic, French, German,
Italian, Polish, Portuguese, Russian, Spanish,
Thai and Vietnamese, Serbian, Czech, Slovak

Pepperstone Pros & Cons

Pros

  • Regulation from top-tier regulatory bodies globally.
  • Easy account registration process.
  • Awarding-winning 24/5 client support team
  • Low latency and fast order execution.
  • Access to industry-leading advanced trading platforms including MT4, MT5, and cTrader platforms.
  • Consistently competitive spreads, including ultra-low spreads from 0.0 pips on the Razor account.
  • Active Trader Program to reward high volume trading with cash rebates which is paid daily.

Cons

  • Pepperstone does not accept traders in the US.
  • Demo account only lasts 30 days.
  • Although Pepperstone offers a wide range of markets, Pepperstone does not offer as many assets as compared to other industry-standard brokers.

Pepperstone License and Regulation.

Pepperstone is licensed and regulated by top-tier regulatory bodies globally, making them a trustworthy broker to work with as these regulatory bodies establish standards for the qualification of financial institutions and also ensure consistent compliance with the set standards.

The regulatory bodies under which Pepperstone is regulated include;

  • ASIC – Australian Securities and Investments Commission (Australia)
  • FCA – Financial Conduct Authority (UK)
  • DFSA – Dubai Financial Services Authority (Dubai).

Asset Class Offered Pepperstone

Pepperstone offers Spread betting and CFDs across a range of asset classes, which is great for clients who want to diversify into other markets from a single trading account. Assets offered on the platform includes;

  • Forex Pairs (including majors, minor and exotics currency pairs)
  • Commodity CFDs
  • Index CFDs
  • Stock CFDs
  • Cryptocurrency CFDs

Pepperstone asset class Details

Asset ClassesAssetsMaximum Leverage
Forex60+ currency pairsRetail – 1:30
Professional – 1:500
Commodity CFDs16Retail – 1:20
Professional – 1:500
Index CFDs14Retail – 1:20
Professional – 1:200
Stock CFDs2531:20
Precious Metals CFDsRetail – 1:20
Professional – 1:100
Oil CFDsRetail – 1:10
Professional – 1:200
ETF CFDs
Cryptocurreny CFDs5 cryptocurrency CFDs
Retail – 1:2
Professional – 1:20
Bond CFDs
Currency Index CFDsRetail – 1:10
Professional – 1:100

Pepperstone Account Types

Using Pepperstone, clients have the option of choosing from two account types that are designed to suit different trading needs. The account types available on Pepperstone;

  • Standard Account – Best for beginners
  • Razor account – Best suited for traders with distinct trading styles (like scalping, algorithmic trading, etc.) due to the lower cost setup seen in the Razor account.

Standard Account Features

  • No commissions are charged
  • Fees are calculated in the spread which is the combination of raw spread + 1 pip increase (e.g. 0 pip spread plus 1 pip = 1 pip)
  • Institutional grade spreads offered

Razor Account Features

  • Ultra-low spreads are offered
  • Commission fee of $3.50 per 100k Round in USD
  • Fees are calculated by adding raw spreads and commissions e.g. 0 pip spread plus $7 commission = total cost
  • Institutional grade spreads offered

Pepperstone Spreads and Fees

Pepperstone offers variable spreads on their trading platforms through straight-through processing (STP) of orders with prices coming from top-tier liquidity providers.

In comparison to other industry-standard brokers, Pepperstone stands out with one of the best spreads offered on the forex market, with their Razor account which comes with ultra-low spreads starting as low as 0.0 pips on highly traded currency pairs like EUR/USD, GBP/USD, etc.

Pepperstone Deposit and Withdrawal Options

Pepperstone offers a variety of payment and withdrawal options, down to local funding methods in certain regions such as Brazil and Malaysia. This means clients have the ease of transacting using their preferred payment or withdrawal options.

Also, the withdrawal processing time is quite fast compared to other industry-standard brokers with the average withdrawal processing time ranging from 12 to 24 hours.

Account Funding and Withdrawal Methods offered by Pepperstone includes;

  • Card Payements– Credit / Debit Card, Visa, MasterCard
  • Bank Payments – Bank Transfer and local funding methods in
  • certain regions (e.g Malaysia, Brazil),
  • European local bank transfer
  • Electronic Payments – Neteller, Skrill, PayPal and Poli.

Pepperstone Trading Platforms

Pepperstone does not offer a proprietary trading platform but gives access to industry-leading advanced third-party trading platforms including MetaTrader4, MetaTrader5, and cTrader which are available on Web, mobile, and PC.

Pepperstone Trading Platforms Details

Trading PlatformPepperstone
PC Platform:Yes
Mobile Platform:Yes
Web Platform:Yes
Social Trading:Yes
Copy-Trading:Yes
Proprietary:No
MetaTrader 4:Yes
MetaTrader 5:Yes
cTrader:Yes
ZuluTrade:Yes

Pepperstone Customer Support

Pepperstone offers an awesome customer support service which stands to be one of the best among other leading brokers in the industry and this undoubtedly plays a huge role in the success of the broker as a whole, based on the awards and client feedbacks they have received over the years.

The customer support team is available 24/5 and can be reached via live chat, telephone and email.

Summary

Pepperstone stands out to be a really good broker to work it, considering the fact that they’ve been in the industry for over 10 years, and in that space have managed to build a great reputation, not just among traders but in the trading industry with the numerous number of awards they’ve won over the years.

Along with building a wonderful reputation in the trading industry, Pepperstone also offers a lot of other great features which include combining lightning-fast execution speeds, raw spreads, and low commissions with a genuine commitment to helping you achieve your trading goals.