Pepperstone Broker is an Australian-based foreign exchange broker that also offers contracts for difference (CFDs) . It started doing business in 2010, and in 2015 it opened an office in London with the intention of providing better support to its clients who are located in Europe. After the United Kingdom’s exit from the European Union, new clients from the rest of the EU are being serviced by Pepperstone’s businesses in Germany and Cyprus, respectively. The FCA, located in the United Kingdom; BaFin, located in Germany; and ASIC, located in Australia, are the three top-tier financial agencies that supervise Pepperstone (ASIC). Pepperstone Broker is expected to instil confidence and security in their customers.
Trade Systems by Pepperstone
Pepperstone’s clientele is all available to Pepperstone’s clientele, with each platform featuring Expert Advisors, automated trading support, strategy backtesting, fully customizable charts, and indicators, and copy trading capabilities.
Although there is no cost associated with using any of the platforms, some users may find that the web-based versions of MetaTrader 4 and cTrader are more appealing than the downloadable desktop versions. Be aware that only MetaTrader 4 and 5 have Mac versions available for download.
Traders who want more EAs and don’t mind the old interface should use MetaTrader, but new traders prefer cTrader because it requires less setup and offers more order types.
All of the trading platforms are among the best, and Pepperstone offers support for all of them 24 hours a day, 7 days a week.
Pepperstone was awarded the title of Best Forex Trading Conditions at the UK Forex Awards in 2018. The company has two simple account options that are different from each other, three top trading platforms, and clear fees for both deposits and withdrawals.
Pepperstone, according to Traders Union members, is a reliable broker that offers excellent terms for trading FX and CFDs (contracts for differences).
On all accounts, Pepperstone provides access to the MetaTrader 4, MetaTrader 5, and cTrader trading platforms. You will have the choice between two different account types at Pepperstone. These are some of them:
This account is not associated with any commissions in any way. Spreads begin at 1.0 pip by default. Negative balance protection is included in Pepperstone’s Standard account, ensuring that traders will never be in the position of owing money to the brokerage.
The Razor account
According to its marketing, the Razor account offers some of the most competitive spreads in Australia. Between these two accounts, the Pepperstone Razor account is by far the more common one among traders and the one they choose. To get the account started, you need to deposit at least $200.
Pepperstone Spreads and Commissions
Australia FX Report 2017 ranked this ECN broker first for both spreads and commissions, so traders know they can trust them to be honest with their money.
With a regular account, you won’t have to worry about paying any extra fees every time you trade, but the spread will be greater. The Razor account’s spreads are tighter, and its commission is higher, but only in certain circumstances (such as when trading a large number of lots via a mobile app). The size of these commissions is typical for the business world.
Deposit and Withdrawal
Pepperstone does not charge any fees for using Visa, Mastercard, PayPal, Poli, China Union Pay, Bank Transfer, BPay, Skrill, or Neteller for making deposits.
Funds can only be returned to the same bank account used for the deposit, and withdrawal requests made before 21:00 GMT will be handled the same day. Even while Pepperstone doesn’t charge anything to process withdrawal requests, the payment processor might.
If you paid with a credit card, we’ll return no more than the original deposit amount to that card, and any additional funds will be refunded to you in some other way. Visa and MasterCard withdrawals are free of charge.
Pepperstone will pass on to the customer any fees incurred by the company as a result of wire transfers. Transferring money between accounts in Australia is free of charge, whereas sending money outside will cost you about €20. Skrill charges $1 per transfer, while PayPal takes 3% of any additional funds sent through their service that exceed the first transaction.
Unique Features of Pepperstone
Pepperstone offers systematic education and recommendations for new traders. Although the education area isn’t as thorough as with other brokers, it’s one of the best supplied by ECN brokers. Award-winning 24/7 customer service is accessible for technical or account questions.
Learn How to Trade Forex educates traders with technical ideas, while Trading Guides help them with daily difficulties like keeping a trading notebook, building a trading plan, managing risk, and what to ask your broker. Beginner traders can use a glossary and FAQ.
Pepperstone provides a fundamental news feed of current events analysis in the form of an economic calendar and market assessment.
As a result of its 24/7 availability via several communication channels (including phone, email, and live chat), Pepperstone was named the best forex broker of 2018. (UK Forex Awards).
Mobile Trading Apps
Mobile and tablet versions of cTrader, MetaTrader 4, and MetaTrader 5 are also available. Traders may take advantage of fast order execution and real-time order monitoring from anywhere with these versions, which offer the same features as desktop and browser-based platforms.
Trading with Pepperstone, a broker regulated by the FCA and ASIC in Australia, will give you access to fast order execution, as well as features aimed at newcomers, which are not typically provided by other ECN brokers.
Does Pepperstone have a secure track record?
This Australian broker has garnered attention from traders around the world after being named the Best Forex ECN broker at the 2018 UK Forex Awards. Since 04/02/2013, we have been governed by ASIC (licence 414530), and since 05/08/2015, we have been governed by the FCA (licence 684312), two of the most venerable and stringent regulatory bodies in the world. Under this rule, Pepperstone must follow procedures that protect customer funds and prevent any form of money laundering.
When working with an ECN broker, investors can place orders on the market without interference from a middleman. We think it’s safe for traders to use Pepperstone because of how they run their business, how heavily they’re regulated, and how well-liked they are in the industry as a whole.