Pepperstone Review 2019
Pepperstone is one of the largest trading brokers providing traders worldwide access to trade across all markets with cutting edge technology, low cost spreads, low-latency high speed execution and award-winning customer service.
Pepperstone Review 2019, Pros & Cons
- Award winning support
- Strict regulation
- Hedging & scalping allowed
- Low spreads & fast execution
- Negative balance protection
- No US clients
- No fixed spead accounts
- Minimum $200 deposit
In this detailed Pepperstone review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Pepperstone is ranked in our best forex brokers, best cfd brokers, best crypto brokers and best online brokers categories. You can use our free broker comparison tool to compare online brokers including Pepperstone.
Pepperstone Review: Summary
Pepperstone is an online trading broker founded in 2010 and headquartered in Melbourne, Australia with global offices in London and Dallas. They offer traders over 80 instruments to trade including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs, ETFs, all via the MetaTrader 4/5, cTrader, WebTrader and mobile trading platforms.
Pepperstone is widely regarded as one of the largest trading brokers processing an average of US $8.3 Billion of trades every day and providing online trading to over 65 countries. They provide traders worldwide with access to trade across all markets with cutting edge technology, low cost spreads, low-latency high speed execution and award-winning customer service.
Pepperstone has won numerous awards including forex broker excellence, customer support, innovative technology and providing the best possible trading conditions to clients.
Pepperstone incorporates an execution only trading model that ensures direct access to a deep pool of liquidity providers with no dealing desk or execution manipulation. Having direct access to a large liquidity pool helps to ensure the lowest possible spreads and fast execution for all levels of traders.
Pepperstone utilises technology developed to support institutional trade flow for those that trade large single ticket sizes. They can handle multiple fills to put through larger orders on multiple levels into a liquidity aggregator. Client orders are executed without requotes on a “market execution” basis with positive and negative slippage possible and no broker intervention.
The Pepperstone management team come from a trading background themselves with years of experience within the industry and therefore have a great understanding of what retail traders require to be able to trade efficiently. Whilst they use the latest trading technology, they are committed to staying up to date with the latest innovations to further improve their services where possible. The vision for Pepperstone is to become the largest broker in the world by providing investors from all backgrounds access to easier and fairer online trading.
Pepperstone Review: Regulation
Pepperstone Limited (UK) is authorised and regulated by the Financial Conduct Authority (FCA). Pepperstone Group Limited is authorised and regulated by the Australian Securities and Investment Commission (ASIC). Clients of Pepperstone have their funds held in segregated bank accounts with client funds security being of the upmost importance. A strong culture of regulation and compliance is something they take great pride in.
Pepperstone Review: Countries
Pepperstone accepts clients from all over the world, excluding USA, Canada, Japan, Iran, Iraq, Yemen, Zimbabwe and some other jurisdictions due to restrictions. Some Pepperstone broker features and products mentioned within this Pepperstone review may not be available to traders from specific countries due to legal restrictions.
Pepperstone Review: Trading Platforms
Pepperstone offers 11 trading platforms including the very popular MetaTrader 4 for Windows and Mac. They also offer cTrader, WebTrader and mobile apps for iPhone / Android for trading wherever and whenever you want.
Pepperstone Review: Trading Tools
Pepperstone’s Technical Analysis software which is powered by Autochartist is available to clients free of charge. This trading software can continuously scan your selected markets for potential trade setups. It has a built-in pattern recognition tool to alert you when trading opportunities are identified which can be filtered by probability based on historic success. Subscribers receive daily market reports that cover economic news releases and market analysis.
Pepperstone Review: Education
Pepperstone offers free webinars from experts that can help you to improve your trading knowledge whatever your current expertise is. There is also an archive to catch up on previous webinars. These webinars cover a range of topics primarily focused on trading basics, trading strategies and trade management.
Pepperstone has a large catalogue of free educational trading guides (written by third parties) that help to assist you with your trading and improve your knowledge. These trading guides are regularly updated and cover a wide range of topics including trade planning, trade analysis, money management and more.
Pepperstone Review: Trading Instruments
Pepperstone started out as a broker focused on forex trading with interbank execution and extremely low spreads. They offer 70+ FX currency pairs and have one of the biggest selection of exotics offered. Since then they have expanded to offer more trading products whilst maintaining the lowest possible trading costs across all markets. Other trading instruments include Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs and ETFs.
Pepperstone Review: Trading Accounts & Fees
Pepperstone offer a range of different account types to suit each individual trader’s needs. All of the account types are offered within retail trading leverage and margin limits although qualifying professional clients can apply to trade with higher leverage.
You can choose between commission free accounts that have variable spreads starting from 1 pip, or you can opt for a commission based account where spreads start from just 0 pips with a very competitive $3.5 commission fee. The minimum deposit requirement starts from $200. Pepperstone also provide demo accounts if you would like to test the different trading platforms and conditions before opening a real account with them.
- Edge Standard Account: $0 commission, variable spreads from 1.0 pips
- Razor Account: $3.5 commission, variable spreads from 0.0 pips
- Edge Swap Free: $0 commission, variable spreads from 1.0 pips, interest free
- Edge Active Traders: $3.5 commission, variable spreads from 0.0 pips, 10%+ rebate
As broker fees can vary and change, there may be additional fees that are not listed in this Pepperstone review. It is imperative to ensure that you check and understand all of the latest information before you open a Pepperstone broker account for online trading.
Pepperstone Review: Customer Service
Pepperstone provides 24/5 support via phone, chat and email. They have won multiple awards for customer service and are on hand to answer any questions that you may have in a prompt and efficient manner. Pepperstone supports 12 different languages: English, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, Laotian, German, Polish.
Pepperstone Review: Deposit & Withdrawal
Pepperstone offer a range of convenient and user-friendly deposit and withdrawal options. Fees may be charged when using certain payment methods. Bank transfers can take a few business days to clear. Accounts can be opened in USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD, HKD & AUD. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
Pepperstone Review: Account Opening
Opening an account is quick, easy and user friendly. The online application will take around 10-20 minutes to complete with account verification taking around 4 days. During the process you will need to confirm your email, complete your personal information, upload identification and answer a brief questionnaire. The support team is on hand should you need assistance during the process.
Pepperstone Review: Conclusion
Pepperstone is one the most popular trading brokers with a proven track record of providing excellent and innovative trading conditions backed by industry leading support. They are well regarded as one of the largest forex brokers and have strict regulation to ensure traders have peace of mind. They offer a vast range of trading platforms, instruments and accounts to choose from thus making them suitable for each trader’s individual needs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.6% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.