Low - VariablePepperstone Review
Table Of Content 👇
| 💱 Instruments | CFDs, Currencies, Crypto, Indices, Metals, Energies, Softs |
| 💳 Funding & Withdrawal | Credit cards, Bank Transfer, PayPal, Skrill, Neteller, UnionPay, Poli, M-Pesa |
| 💻 Broker Type | STP | ECN |
| 👨🏽💻 Account Types | Razor Account, Standard Account |
| ⌛️ Language | English, Chinese, Spanish, Portuguese, Arabic, Italian, German, Vietnamese, Thai, Polish |
| 🎮 Virtue | 0.69 pip EUR/USD spread on its Standard Account |
Pros / Cons
- Segregates client funds
- Established in 2010
- Regulated by Financial Conduct Authority, CySEC, SCB, DFSA , BaFin, CMA and ASIC
- Award winning support
- Negative balance protection
- Intuitive, powerful & user-friendly trading platforms
- Low spreads/commissions & fast execution
- Range of account funding/withdrawal options
- No account funding fees
- Good selection of trading tools & educational resources
- Social trading platforms
- Autochartist
- Hedging, scalping & expert advisors allowed
- Limited range of instruments
- No fixed spread accounts
- No US clients
- No guaranteed stop loss
Risk warning: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.6% of retail investor accounts lose money when trading spread bets and CFDswith this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Account Types
For interested parties, Pepperstone offers a range of account types to choose between. This variety ensures that the individual’s trading needs can be adequately met, and we must concede that there is something for everyone from this popular broker.
From the company’s commission free standard account through to their 0 spread active traders option, interbank pricing, cutting edge technology, and deep liquidity are included as standard, which means there really is no bad option.
Key account benefits are as follows:
- Standard account: $0 commission and institutional grade STP spreads.
- Razor account: Spreads from 0.0 pips.
- Swap-free account: Interest free, $0 commission, and STP spreads.
- Active traders account: Spreads from 0.0 pips and a setup specially formulated for high volume and institutional traders.
Assets/Markets
There are many brokers who provide their clientele with access to multiple global financial markets, but Pepperstone prefers to limit itself to what it does best.
Forex trading is undoubtedly the backbone of the company, but it is not the only asset on offer.
The enterprise’s select list of investment instruments also includes index CFDs, precious metals, energy, soft commodities, and cryptocurrencies, ensuring just enough variety to support the building of suitably diverse portfolios.
Clients can also engage in spread betting across major financial markets, including UK shares. Profits from spread betting are tax free and commissions start at just 0.1%. Traders also benefit from the ability to go long or short on multiple positions.
Spreads and Commission
Spreads on Pepperstone’s popular MT4, MT5, and cTrader platforms are variable, with quotes sourced from multiple Tier 1 banks and electronic crossing networks.
This is a good indication of the company’s commitment to offering clients the best prices possible, and during liquid times, the broker has been known to drop to as little as 0.0 pips on their EUR/USD pairing.
The same minimum spread value can be seen for many other AUD and EUR combination pairings, and the company’s website has a handy chart detailing both minimum and average spread values for each of the currency pairs they offer, as well as a rundown of their (minimal) commission charges and estimated upfront costs.
Leverage
With regards to leverage, Pepperstone varies the amount on offer depending on whether you qualify as a professional or retail client. Regulatory jurisdiction will also impact leverage and margin rules.
In Europe, Australia and Dubai, leverage is capped at 30:1 and varies by asset. In other markets, and for Pro accounts, leverage can reach 500:1.
This discrepancy is a significant tick in the broker’s favour, as it indicates a willingness to take care of the individual client’s best interests, as well as demonstrating the flexibility of their approach.
Deals And Promotions
Pepperstone is renowned for its low spread, fast execution, and competitiveness, so it tends not to feel the need to offer any significant deals or promotions.
That said, it does come complete with an array of free educational resources for its clients, from trading guides through to webinars.
Deposits and Withdrawals
The available payment methods at Pepperstone offer a well-balanced mix, with only cryptocurrencies missing. There are no internal deposit or withdrawal fees, except for a $20 bank wire charge, which applies everywhere. I want to point out that traders will pay third-party payment processor costs, which Pepperstone does not control. Traders will make all financial transactions from the secure back office,
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Pepperstone is an excellent choice for Forex traders looking for a well-rounded experience. Their customer support is good, and they offer a selection of popular platforms. There is a free demo account complete with software to try before you buy. When trading with Pepperstone, you can be confident that with their ASICS, SCB, CMA, CySEC, FCA, BaFin and DFSA licencing and regulation that your money is in safe hands.