Broker Type: NDD, STP
Regulation: FCA, ASIC
Min. Deposit: 200 US$
Platforms: MT4, MT5, cTrader
Found in: 2010
Pepperstone is a wholly owned subsidiary of Pepperstone Group Limited, an Australian-based company established in 2010, which has quickly grown into one of the large forex and CFD worldwide providers. Pepperstone Limited was launched in the UK in 2016 while expanded their services to cover the needs of UK and European clients through local access. Overall, the group serves offices in major financial destinations Melbourne, Dallas, Bangkok and London.
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. The Pepperstone quotes coming from as many as 22 Major Banks and Electronic Crossing Networks, therefore traders can place orders assured of the best possible market price.
The markets or instrument offering includes 70+currency pairs, Cryptocurrencies (with access to trade Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin against the US Dollar, with leverage 5:1), metals, commodities as well a range of major indices across the multiple broker’s platforms.
Indeed, Pepperstone strives to propose the best options to traders community was recognized by numerous awards, which the broker received regularly along to the great reviews from traders themselves.
However, to get offering more clear you should check and consider the most important information that the broker’s offering consists of. With this purpose, in this review we cover the following highlights:
Pepperstone as established Australian broker 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. In addition, Pepperstone holds relevant authorization at every region it operates. Therefore, clients’ residents of the UK and EEA are processed by the Pepperstone Limited that is a registered UK company and regulated by the Financial Conduct Authority.
|Pepperstone entity||Regulation and License|
|Pepperstone Group Limited||ASIC (Australia) registration no. ACN 147 055 703, AFSL 414530|
|Pepperstone Limited||FCA (UK) registration no.684312|
The above regulators strictly oblige the broker to follow the required performance, hence Pepperstone has no doubts about their reliability. Both, ASIC and FCA demands financial services firms follow strict capital requirements, fully segregate traders account from the company funds, comply to internal risk management, training, accounting, audits and many more. In addition, the company provides Negative Balance protection and automated Risk Management System to secure clients safe trade.
The Pepperstone’s trading technology and software mainstays the importance of performance and then an additional included parameters. With 11 Pepperstone trading platforms offering MT4 or its new version MT5 and cTrader on various versions so you truly gain a powerful trading solution with your own way of strategy or output since all trading styles are supported.
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.
The fans of cTrader Platfrom are welcomed also, as software believed to be one the most innovative and revolutionary trading platforms. As the platform based on an algorithmic logic it shows great performance and allows efficient position management in fast moving markets, while a combination of Pepperstone’s liquidity and robust infrastructure provides great productivity. The platform is also available on Web version as well through the mobile application. Yet, a key cTrader’s component is cAlgo, which designed to be a powerful tool with robots and indicators developed on C# for intuitive functionality.
– Pepperstone also is an active partner of Equinix, that creates state of art Forex trading infrastructure that directly exchange data with strategic partners and customers in close proximity.
Firstly let’s check on the Pepperstone diverse of accounts that include different types designed to meet particular traders’ expectations and needs. While, all accounts offers same quality performance, support and comprehensive platform’s features, the beginning traders or non-professionals can sign for a Standard Account, a classical type on no commission basis and institutional grade STP spreads from 1.0 pips available in 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.
Moreover, 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 and leading third party providers. Moreover, traders following Sharia rules may sign for a SWAP Free Account with STP spreads with 0 commission.
Pepperstone spread as we mentioned before is provided by multiple liquidity providers, therefore you definitely get very competitive pricing, while spread considered to be among the industry lowest spreads. See the typical spread reference in the table below, yet you may see a slight difference between spread on Standard or Razor accounts, where e.g. EUR/USD minimum spread starting from 0 pips and most often overages on 0.16-0.2 pips. For the most accurate data check the official Pepperstone website or platform.
|Asset/ Pair||Pepperstone Fee Terms|
|Crude Oil WTI||0.8 pips|
Another point to admit is awarded support provided by the Pepperstone. Their commitment to the client’s satisfaction includes 24 hour live chat facility and support, full self-service Secure Client Area for account management, as well as real time news feeds with education resources and market commentary.
Being an Australian broker, Pepperstone still offers a quite high leverage level up to 1:500 on Forex, which you can benefit from. Yet, make sure to learn deeply about leverage and how to use it smartly, as an increase of your trading size may pay a significant role in your either potential income or looses as well.
However, 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 is 1:30 on Forex instruments.
Pepperstone’s 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. In simple words, means you can skip exchange fee and may benefit from trading in your local currency. In terms of funding methods, Pepperstone offers Bank Wire, Credit/Debit cards, Skrill, Local Bank Deposit, Neteller, Bpay, Union Pay and Broker to Broker transfers between existing brokers.
The minimum deposit amount is as low as 200$ for any account type of your choice.
What is more, Pepperstone does not charge any internal fees for deposits or withdrawals, however, international bank institutions may attract fees from either party which will be referred to the client.
As we found out, whenever possible Pepperstone aim to create, develop, or introduce solutions that make trading easier, fairer and even more professional for every client. As a regulated broker, the broker delivers a reliable trading solution, while you can concentrate on trading assured the money handled safely.
What we liked the most is the prouder 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 throughout powerful trading software. Overall, Pepperstone works perfectly well towards maintaining its core values while offering the best possible service, low-latency execution, low-cost spreads, and exceptional customer support.
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