Pepperstone Review

Pepperstone is a popular Forex and CFDs broker. It serves a diverse audience of traders, ranging from experienced individuals to those new to trading. Pepperstone was founded in 2010 and is headquartered in Melbourne, Australia, while also maintaining offices in Europe and Asia. Pepperstone’s main goal is to provide customers with an excellent trading experience. Hence, the company emphasizes low spreads and fast trade execution. The broker offers responsive customer service and support to assist its clients.

The safety and security of Pepperstone

In Australia, Pepperstone is regulated by Australian Securities and Investment Commission, while in the UK and the member countries of the European Economic Area, it is regulated by the Financial Conduct Authority. Depending on the location of the customer, the funds put up for trading might be held in different banks. For the residents of the UK and EEA, the funds are deposited at Barclays in a segregated client account i.e. client’s funds will not be mixed with the company’s funds. For Australia and the rest of the countries, the money is deposited in National Australia Bank in the same way.

Other regulators of the Pepperstone include Bahamas, Cyprus, Germany, Kenya, and UAE. Almost 7 regulators are overseeing the broker’s activities in total, which makes Pepperstone one of the most secure brokers on the planet. When depositing your funds with this broker, the question of getting scammed is out of the window. The only questions remaining are, if the broker’s spreads, and commissions are low enough and which platforms it offers.

Pepperstone Fees and Spreads

Similarly to regulations, Pepperstone offers super competitive spreads as well.

The spreads are almost fixed which is very advantageous during volatility hours. An industry average spread on EURUSD is 1 pip and Pepperstone offers it for all major pairs which is quite rare.

For 0 pips spreads, traders can select the Razor account, which has a commission of 2.25 GBP or 3.5 USD per lot per side. The industry average commission for Forex trading is around 7 USD and Pepperstone does not fail here either.

Trading Accounts, Deposits, and Withdrawals at Pepperstone

The broker does not provide account types directly on their website. Pepperstone offers two accounts called Standard and Razor. As the name suggests, standard accounts come with 1 pip spreads on major pairs but are commission-free. The Razor account is targeted at scalpers with 0 spreads and industry-average commissions.

Deposits and Withdrawals

Currently, it is possible to fund the accounts on Pepperstone with bank wire, debit, and credit cards as well as online wallets like Skrill or Neteller. The broker also accepts payments through Union Pay and Bpay. Pepperstone offers popular local payment systems depending on the trader’s jurisdiction. For example, M-Pesa is available for Kenyans as a payment method.

Pepperstone Trading Assets and Features

Pepperstone offers diverse types of assets to traders. The main one is, of course, Forex. In addition to currencies, the platform offers access to index CFD, precious metals, energy, and cryptocurrencies. We will break down each one separately.

The main aim of the company is to provide customers with the best trading experience. It achieves this in multiple ways. First of all, the company offers access to many different types of assets. Registered users will have access to 77 different investment instruments including Forex, cryptocurrencies, and various indices. Low spreads also play a role in attracting customers.

Forex

The original profile of the company was to be a Forex broker, but nowadays trading assets are abundant. During high liquidity, the company claims to have a spread of 0.0 pips for certain currency pairs like EURUSD. In addition to low spreads, the platform offers low latency which is extremely important when it comes to trading. This could be the sole deciding factor when choosing a Forex broker.

Index CFD

“Pepperstone provides ultra-low latency execution from a deep pool of liquidity sources, with no dealing desk or execution manipulation,” – states the company’s website on CFD trading. With modern technology, Pepperstone has optimized CFD trading for large investors. CFD trading can be a solution for many traders who want to diversify risks with uncorrelated assets.

Energy

“We offer both major oil markets: West Texas Intermediate Crude oil and Brent Crude Oil. Both provide access to two of the leading products to access the global oil market,” – states the company on energy trading. In addition, the company also offers Natural Gas.

Cryptocurrencies

These virtual coins have gained immense popularity because of the unprecedented gains they experienced in the past few years. Consequently, it is not surprising that many traders want to hold them in their portfolios. Traders love cryptos despite their high volatility. Pepperstone offers access to Bitcoin, Bitcoin Cash, Ethereum, Dash, and Litecoin trading. All cryptocurrency trades occur against the US dollar.

Trading Platforms

Pepperstone has MT4, MT5, TradingView, and cTrader which are among the best trading software. It is not often you see a broker supporting the TradingView platform. In this department as well, Pepperstone offers the most diverse and advanced platforms.

Customer Support Review

Pepperstone prides itself on the support it provides for its users. There is a 24-hour live chat facility that could be extremely helpful for traders who want to have their questions answered immediately.

The broker provides live chat, email support, phone support, and online form as support options. You can get help from Pepperstone relatively quickly. So far, the broker offers flawless trading experience and excellent trading support which is exciting to see.

Education at Pepperstone

What about the educational resources? The platform offers webinars and trading lessons which could be attractive for beginners. Even experienced traders who want to learn about the updates and changes in trading methods can use these materials.

Pepperstone’s educational section offers numerous educational articles and resources. Beginners can learn basic Forex concepts and then register for the webinars to deepen their knowledge.

Should you consider Pepperstone?

In conclusion, Pepperstone has put a lot of effort into developing a platform that is as suitable for both newbies and pros. Excellent customer service and low spreads make Pepperstone’s services very competitive. Seven independent regulators oversee the broker’s activities including FCA and ASIC. We recommend Pepperstone as one of the most reliable and robust Forex and CFDs brokers available nowadays.