Pepperstone Review Summary
Pepperstone Review Highlights
Pros & Cons
- Services are low-cost, quick and easy to get
- Trading conditions are outstanding, with liquidity and provide spreads that are typically only open to an elite class of clients
- The technology is of the highest standardt - quick, reliable and effective
- Numerous awards for customer satisfaction
- Selection of investment instruments is small, with the emphasis on fx
- The mobile app offers only MT4
- Educational and research services are scarce relative to some of the other major brokers, although the material available is of high quality
Which kind of brokerage is this?
They were primarily a specialist fx broker granting entry to interbank execution and lower spread costs. But later on they developed assistance care for retail and institutional traders via low-costs and multiple direct destinations of liquidity, with no deal desk and thus transformed into brokerage performing only executions.
Their quotes stem from twenty two big banks and ECNs, so you can place an order and be warranted a great market cost.
They got several accolades under their belts, as well as great reviews. They were recognized for their exporter services, for customer satisfaction, speed of execution, the platform, etc.
Is this a secure brokerage?
The Australian Securities and Investments Commission (ASIC) regulates the company which also holds the Australian Financial Services License.
Is it legit?
Yes, they are overseen by respected authorities everywhere they operate. So, if you live in the United Kingdom or in the EEA area, you would be part of Pepertstone Limited which is overseen by the FCA.
People from Dubai and the MENA area can also trade safely, because Pepperstone is overseen by the DFSA.
How are you secured?
Seeing how the regulators are so well respected, there is no doubt Pepperstone has to comply with them. When you are overseen by the FCA or ASIC, you must segregate the client’s funds from the company, you have to be compliant with in-house uncertainty management, training, accounting, audits…
They also give negative equity security and automated risk management system to ensure you trade safely.
The leverage level is pretty high, since the brokerage is from Australia – it’s a max of 1:500 on FX. But utilize it smartly, because bigger leverage brings bigger potential risks. The United Kingdom maximum leverage is 1:30
ESMA lowered the max leverage rate to 1:30 on FX tools.
Forms of Accounts
The quality performance is the same in any account, as well as the client service and the platform’s features. You can pick the Standard account, which has no commission and has institutional grade STP spreads starting at 1.0 pips offered in MT4.
Pros will love the Razor account, which charges commission in place of spread and the said commission starts from 3.5 dollars, while spreads are 0.0 pips. Leverage is flexible here along with pro algorithms for execution speed.
Those who have high volume and those who are institutional traders can enter the Active Trader Program with spreads starting at 0 pips, better reporting, a dedicated manager, a VPS hosting service and API, forex, third party providers…
In addition, traders who comply with Sharia rules may get a SWAP Free account which as zero commission and has STP spreads.
More than one liquidity provider offers spreads. This means clients get competitive pricing and the spread is one of the lowest around.
More on Charges
There is some discrepancy between the Standard or Razor accounts. The EURUSD min. spread begins at zero pips and is around 0.16 and 0.2 pips. Crypto prices are fantastic – Bitcoin spreads start at ten USD, Ethereum at four USD and so on.
What’s the commission?
Just the Razor accounts have a commission charge, because interbank spread quotes begin at zero pips and the commission costs are brought in as trading charges. The terms are honest and the offer is competitive with 3.5 dollars for a lot for every 100k dollars traded.
Instruments for Trades
They provide over seventy currency pairs, cryptos, metals, commodities, indices, etc.
Deposits and Withdrawals
You can put money in your account via the client area. You need to pick the account currency – pick between AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, CAD, SGD and HKD. THis means you can skip trading charges and gain from conducting trades through your local currency.
- Via bank wire
- Credit/Debit card
- Deposit via local bank
- Broker-to-broker transactions between current brokers.
A small volume of two hundred dollars is needed for all forms of accounts at this broker.
There are no internal charges when you put money into your account or withdraw it. But some international financial entities may incur some charges.
- Login to the account
- Pick Withdraw Funds from the menu tab
- Enter the amoun
- Pick the form of withdrawal
- Complete the electronic request with the needed data
- Confirm withdrawal details and submit
- Check your Dashboard for the withdrawal status
Platforms for Trading
There are eleven platforms for trades, counting in MetaTrader4, the updated MetaTrader5 and cTrader – these provide an excellent way to trade with your preferred strategy.
This is a broker who really takes care of their clients, even if there is no around-the-clock support. But their live chat is provided for the whole 24h, though. Moreover, you are given real-time news and education, such as webinars, Autochartist and analysis tools!
Pepperstone can be counted on to provide a trusted way for conducting trades. Customers can sit back and be sure that someone is handling their money safely.
One of the things that pops out when it comes to Pepperstone are the competitive prices via a great trading software. All in all, they offer low-latency execution, good service, low-cost spreads and great client care!
If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.