Analysis and opinion about Pepperstone

Meet Pepperstone

In 2010, in Melbourne (Australia) Pepperstone was born  . An online broker specialized in Forex and Contracts for Difference (CFDs), which has been growing progressively and, currently, has branches in the  United States, United Kingdom, Thailand and China .

In its showcases there are awards from  Investment Trends ,  Deloitte  and the Victorian government  , as proof that it is a  trusted online broker . Unlike others, this online broker is useful for both beginner and veteran traders.

Is Pepperstone safe?

One of the main measures that should be taken to avoid suffering an online trading scam is to always work with  regulated brokers . That is, at the same time, the main check that must be made to know if an online broker is  safe and reliable . In Pepperstone's case, this test far exceeds it.

Pepperstone Limited is regulated (under license number 684312) by the UK  Financial Conduct Authority (FCA)  , and under ACN 147 05 703 by the  Australian Securities and Investments Commission (ASIC) . They are some of the most trusted financial regulators in the world. It also holds an Australian Financial Services License as well as others granted by the Cypriot CySEC and the German BaFin.

As if that were not enough, it is attached to the UK investor compensation fund,  Financial Services Compensation Scheme (FSCS) , which covers up to £ 50,000 per client and is audited by  Ernst & Young , an independent accounting firm.

After this myriad of licenses, security measures and favorable arguments it is quite evident that  Pepperstone is an absolutely reliable online broker , like all the ones we show you at OkBrokers.

Instruments available

Pepperstone is a broker specially designed to  operate with currencies  and therefore it is perfect for Forex traders but its offer is broader. The instruments that are available on your trading platform are the following:

• Forex : it is  the most important financial market in the world  and registers a volume of more than 1.5 trillion dollars a day. Pepperstone offers  gross spreads starting at 0.0 pips , over 60 currencies, and different methods of depositing without fees.
• Shares :  60+ shares , 20% margin rates, and $ 0.02 commission per share.
• Stock indices : among which you will find 14 of  the main global markets and with fixed spreads .
• Cryptocurrencies : Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin with  leverage of up to 2: 1 .
• Raw materials : gold, silver, platinum, palladium, soft raw materials, energy.
• Currency Indices : CFDs can  be traded  on USDX with leverage of up to 5: 1.

Although the supply is abundant, there are always instruments that are missing. In the case of Pepperstone  we are missing some individual stocks  plus indices but in general the number of instruments that can be traded with this broker is good.

Trading platforms at Pepperstone

One of the things we like the most about the Pepperstone broker is that it offers several of the platforms preferred by our experts.

• MetaTrader 5 – Perfect for traders who need advanced features for high-quality financial trading and analysis tools.
• MetaTrader 4 – Regardless of your experience, MT4 can give you a competitive advantage. It offers a complete and easy-to-use interface in a highly customizable operating environment. Downloading MT4 is free and can be used on both a demo account and a real one.
• cTrader – Created by Spotware with the goal of balancing simple and complex features, cTrader is great for both new and advanced traders.

This  offering of trading platforms  is satisfying for both advanced traders and beginners alike.

Pepperstone account types

In essence, there are two types of accounts available at Pepperstone:  Razor and Standard . In the following table we explain the differences:

All  Pepperstone accounts  have fixed characteristics: a minimum trade size of 0.01 lots and a maximum of 100 lots, available leverage up to 30: 1, € 200 minimum account opening balance, four available currencies (GBP, USD, EUR, CHF), scalping allowed, external advisers, hedging allowed, trades according to the news and no forex table execution

Demo account

At Pepperstone you can also open a  demo account with $ 50,000 of virtual balance . It is valid for any of the above platforms.

One of the reasons to use a  free trading account  is that it allows you to test a broker before making a deposit and the  Pepperstone demo account  is available to anyone just by registering on their website.

Spreads, rates and commissions

• Spreads : they vary depending on the instruments chosen, in moments of liquidity they can go down to 0 pips EUR / USD in the Razor account.
• Swap Rates – The Forex swap rate is a rollover interest (earned or paid) for holding open positions overnight in foreign currency trading. The  financial institutions that Pepperstone works with  publish weekly swap fees, which are calculated based on analysis of risk management and market conditions. Each currency pair has its own swap fee and is measured with a standard size of 1.0 lot (100,000 base units).
• Fees : Minimum trading fees are AUD 3.50 per transaction in major currencies and $ 0.02 per share when opening a CFD position on shares.

Deposit and withdrawal methods

The payment methods at Pepperstone  are Visa, MasterCard and bank transfer. Withdrawals made by the latter method will take between three and five business days to reach the account.

Trading tools

• Smart Trader Tools for MetaTrader : is a set of expert-type tools. They are easy to install, access and use.
• cTrader Automate – allows you to backtest and optimize strategies by creating automated robots and custom indicators. Includes market data, trading history, and symbol information.
• Autochartist – Unique market analysis tool that shows statistically significant market movements and, in turn, serves to identify important price levels that have proven to be catalysts for market movements.
• API Operations : Automatic operations can be performed through the Pepperstone API. Its advantages include greater visibility of the depth of the market, peace of mind knowing that you have a segregated client account for your funds and access to several liquidity providers to guarantee the best prices.
• VPS hosting : thanks to VPS (virtual private server) hosting, traders are able to run automated algorithmic strategies, like expert advisors, without interruption in a virtual machine. Among other advantages, the possibility of a system slowdown due to technical or connectivity failures is reduced.

Advantages of trading with Pepperstone

• Regulated by various international organizations.
• Wide range of assets.
• Various  trading platforms .
• Minimum deposit of 100 EUR / USD.
• Variable maximum leverage.
• Low spreads.
• Possibility of operating with micro lots.
• Any trading strategy allowed without limitation.

Opinion on Pepperstone

It is a broker that is particularly  specialized in Forex trading  but offers a good number of financial instruments. Regarding licenses, security and reliability, it is one of the  safe and reliable brokers  that we like to analyze for our users.

It offers demo account, the offer of trading platforms is good and allows automatic trading, hedging, etc. For all this we believe that it is one of the best online brokers available that also adapts to all types of clients.

What is your  opinion about Pepperstone ? Don't forget to leave us a comment.