Pepperstone Review

Company name: Pepperstone Group (Pepperstone)
Founded: 2010
Headquarters: Australia
Regulatators: ASIC, FCA
Minimum deposit: $200

Note: Open a Pepperstone Razor account and get up to 12.857% direct live commissions discount!

IMPORTANT: Pepperstone is not able to accept clients from Afghanistan, Burma/Myanmar, Canada, Central African Republic, Cote d’Ivoire, Democratic People’s Republic of Korea (North Korea), Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia (FFRY), Iran, Iraq, Japan, Liberia, Libya, New Zealand, Somalia, Sudan, Syria, Yemen, Zimbabwe, United States of America (USA)

Pepperstone Review – One Of The World’s Largest Award Winning Brokers

Pepperstone is the best execution-only forex broker 2022 that provides trading solutions sophisticated enough for veteran traders, yet simple enough for the forex novice.

The Pepperstone Group was founded in 2010 by a veteran management-team with years of experience in the forex and technology industries. It is headquartered in Melbourne, Australia.

Pepperstone Limited was launched in 2016 to provide Pepperstone’s UK and European clients with local access to superior trading conditions and award-winning support. It is headquartered in London.

The brokerage was created because its management team sensed a growing frustration among traders using online-based forex trading firms plagued by delays in trade execution, excessive spreads and poor customer-support.

To provide a better trading experience, Pepperstone aims to provide superior technology that uses low-latency execution, low-cost spreads, and exceptional customer service.

Over the years, Pepperstone has won awards including #1 in Customer Service and Overall Client Satisfaction. Pepperstone will bring you a highly personalised customer service experience. Because the team holds years of knowledge and expertise from the forex trading industry, you can rest assured they can always help you pursue your forex trading goals.

Pepperstone – Regulation

Pepperstone Limited is authorised and regulated by the Financial Conduct Authority (FCA). FCA regulates the financial services industry in the UK.

The Pepperstone Group is authorised and regulated by the Australian Securities and Investment Commission (ASIC). Trade with a peace of mind knowing Pepperstone is monitored by one of the strictest financial regulatory bodies in the world.

ASIC is the financial services regulator in Australia responsible for ensuring that financial markets in Australia are fair and transparent, supported by confident and informed investors and consumers. ASIC is an independent Commonwealth Government body established under the Australian Securities and Investments Commission Act (ASIC Act), carrying out most of its work under the Corporations Act.

Pepperstone has in place an external independent auditor to ensure compliance with the regulatory obligations and operational processes.

The security of client funds is of paramount importance. Pepperstone Limited maintains segregated client accounts with Barclays Bank PLC.

Pepperstone Limited is regulated by UK’s Financial Conduct Authority under FCA registration number FRN 684312.

In Australia, the Pepperstone Group is regulated by Australian Securities and Investment Commission (ASIC) under AFSL No. 414530.

Trading Platforms

Pepperstone offers its clients the opportunity to trade on a variety of 11 different trading platforms. From these platforms, traders are sure to find one that meets all their needs and trading style.

• Metatrader 4 (MT4) Platform:

  The Pepperstone MT4 Client Terminal Platform is designed to give you the edge in today’s busy trading environment, with live quotes, real-time charts, in-depth news and analytics – as well as a host of order management tools, indicators and expert advisors.

  We believe accessing your portfolio has never been easier. Enhanced charting functionality and sophisticated order management tools help you to control your positions quickly and efficiently. Metatrader 4 (MT4) is a widely regarded forex trading platform because it offers an easy to use user interface, various charts and indicators and most importantly the MQL language which allows the user to easily program indicators and also Expert Advisors (EA’s) – automated trading strategies that can trade the forex market 24/5 without any user intervention.

• Metatrader 5 (MT5) Platform:

  Building on the success of the Metatrader 4 Platform, MetaQuotes has once again raised the bar and released the powerful and precise Metatrader 5 (MT5) trading platform.

  With faster processing times, the ability to hedge your positions, advanced pending orders and more tools and indicators to help you take your trading to the next level, MT5’s exceptional features to help you stay ahead of the markets.

• cTrader Platform:

  Pepperstone’s cTrader platform is believed to be one of the most innovative, sophisticated and revolutionary trading platform available on the market.

  We believe the combination of Pepperstone’s top tier liquidity, robust trading infrastructure and lightning fast speed provides clients the edge in the competitive foreign exchange market. This tool can enable direct access into the interbank market depth and much more, such as algorithmic based trading systems.

In addition, Pepperstone offers Metatrader 4, Metatrader 5 and cTrader as applications for Android, iPhone and iPad. These applications give traders easy access to their accounts wherever they are.

Tradeable Instruments

Pepperstone prides itself on the overall trading experience they provide to clients worldwide. The company offers access to 80+ trading instruments including FX, metals, oil and indices to trade across all of Pepperstone’s multiple platforms.

• Forex:

  The Forex market provides traders the opportunity to trade 24 hours a day, 5 days a week in the world’s most liquid financial market. Traders can take advantage of the tightest spreads, superior execution, 500:1 leverage, and deep interbank liquidity across 70 currency pairs.

• Indices:

  Gain exposure to the world’s largest equity markets through Pepperstone’s offering of global Indices CFDs. These Indices CFDs have no hidden mark-ups, low latency and no requotes across a vast array of 14 major global stock indices. Trading indices offers access to a whole range of new markets, meaning you are able to diversify your trading strategies as well as taking advantage of different opportunities across global equity markets.

• Commodities:

  Trading products such as Gold, Silver, Platinum and Palladium has been made easy thanks to Pepperstone’s low-cost pricing model, fast execution and flexible leverage options with no commission. Precious metals are a useful asset to diversify your trading strategy and are often flocked to as safe haven assets during times of market turmoil, usually in line with market cycles and inflations.

  Pepperstone allows trading in energy markets with flexible leverage and minimum trade sizes and no commission. The company offers both major oil markets: West Texas Intermediate Crude oil and Brent Crude Oil. Both provide access to two of the leading products in order to access the global oil market. Also on offer through this range of energy products is Natural Gas. All these energy trading instruments have minimum trade sizes from 10c per pip, up to 500:1 leverage for Professional Clients, up to 30:1 for Retail Clients, and no commission.

• Cryptos:

  Pepperstone provides access to Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin trading against the US Dollar, with leverage up to 5:1 for Professional Clients and to 2:1 for Retail Clients across all of our trading platforms. Cryptocurrency has large market movements that Forex and CFD traders can take advantage of – without the need to purchase actual cryptos or have an existing crypto wallet.

Account Types

Pepperstone’s offering and large product range are included across all account types. Suited for both new and experienced traders, simply choose your preferred trading platform and pricing model to get started.

Access interbank pricing, cutting-edge technology, deep liquidity and fast execution speeds on a range of account types to suit your trading needs. All account types are set up in line with Retail trading leverage limits and margin requirements however Professional Clients can trade with higher leverage.

• Standard Account:

  The Pepperstone Standard Account provides access to interbank spreads and competitive liquidity with absolutely No Commission. Spreads with this account start from as low as 1.0 pips. Trade execution is by way of STP with liquidity from 22 different banks. The trading account comes with negative balance protection and automated risk management.

• Razor Account:

  The Pepperstone Razor Account gives you direct access to some of the world’s deepest liquidity with fully transparent trading costs. A Razor account features cutting edge infrastructure that allows traders to benefit from flexible leverage up to 500:1 for Professional Clients, up to 30:1 for Retail Clients, trading from 0.01 lots and advanced algorithms that route trades with lightning fast execution speed. The commission is fixed at AUD 3.5 per 100k traded. The minimum deposit required to open the Razor account is AUD 200 or its equivalent in other currencies.

• Swap-Free Account:

  Pepperstone’s Swap-Free Account is designed for traders who cannot receive or pay swaps. The trading account is interest free while allowing traders to take advantage of Pepperstone’s cutting-edge trading technology and deep liquidity. Trades are executed based on the STP model. You will also need a minimum deposit of $200 to open a swap-free trading account.

Pepperstone Account Types Comparison

Pepperstone Metatrader 4 and 5 platforms have no restrictions on trading!

They have some of the best trading conditions for scalping and high frequency trading and Forex Expert Advisor trading globally, allowing traders to place orders between the spread as there is no minimum order distance and a freeze level of 0. This means orders including stop loss orders can be placed as close to the market price as you like.

Traders can also hedge positions as there is no first in first out (FIFO) rule with Pepperstone. Traders do not pay margin on hedged trades and enjoy the benefits of margin netting.

Trading Conditions

We believe Pepperstone’s trading conditions are amongst the best in the industry. See for yourself why Pepperstone is Australia’s premier forex broker. They are ideal for traders who demand the best execution quality and lowest spreads.

• Currency Pairs:

  Pepperstone streams prices on 70 different currency pairs and 4 metals on all trading platforms. Pepperstone is able to offer some of the best pricing in the industry by aggregating quotes from over 20 different banks and dark pool liquidity sources. This low pricing combined with unrivalled execution speeds makes Pepperstone the favoured destination for day traders, scalpers and those using Expert Advisors (Forex EA’s).

• Margin and Leverage:

  By offering leverage up to 500:1 this broker opens the path to the forex market for all traders. Using leverage means only a small initial outlay (margin) is required. The use of leverage can magnify gains but losses can also exceed your initial deposit.

• Spreads:

  Pepperstone spreads are market leading with prices streaming from over 20 different banks and dark pool liquidity sources. Spreads can go as low as 0.0 pips on Metatrader 4, 5, and cTrader platforms.

• Commissions:

  There are no commissions charged using the standard account. On Razor accounts, there is a commission of around $3.5 per standard lot round turn and spreads are variable and start from 0.0 pips.

Trade Smarter – Smart Trader Tools for Metatrader 4 (MT4)

You could get more from your MT4 platform and trading experience with Smart Trader Tools by Pepperstone. As a part of this Smart Trader Tools package the broker provides over 10 smart trading apps to help you gain an edge, as well as what we believe to be unparalleled insights into the markets, allowing both novice and experienced traders to trade smarter.

Level up your trading with this short webinar featuring Chris Weston (Head of Research) and Sam Grecner (Trading Specialist) who give us a comprehensive overview displaying the power of MT4 and Smart Trader Tools.

Account Funding

Pepperstone offers over 10 flexible funding options in 9 different base currencies. Deposit instantly and for free using a range of methods.

• Funding methods:

  Bank Wire, BPAY, Broker to Broker, Credit/debit Card, FasaPay, Neteller, POLi, Local Bank Transfer, Paypal, China Union Pay

When funding your trading account client money is held in Segregated Client Trust Accounts. Electronic payments are processed using SSL (Secure Socket Layer) technology and are encrypted to ensure security. All payment information is confidential and used only for the purpose of funding your trading account with Pepperstone.

Pepperstone does not charge any additional fees for deposits. You should however be aware that you may incur fees on payments to and from some international banking institutions. Pepperstone accepts no responsibility for any such bank fees.

Funds Withdrawal

Withdrawal forms received before 21:00 GMT ( 07:00 AEST ) will be processed that day. Any forms received after this time may not be processed until the following day.

Funds can only be returned to a bank account in the same name (or joint) as your Pepperstone trading account due to third party transaction regulations.

Pepperstone does not charge any additional fees for withdrawals. You should however be aware that you may incur fees on payments to and from some international banking institutions.

For International Bank Wire withdrawals, the transfer fees charged by the banking institution are approximately AUD 20 (or £ 15). This fee is deducted from the amount of your withdrawal. International Telegraphic Wire Transfers will usually take 3-5 business days to reach your bank account.

Promotions & Bonuses

• Free Account Funding:

  Pepperstone does not charge any fees on the following funding methods: Verified by Visa, MasterCard SecureCode, PayPal, Poli, China Union Pay, Bank Tansfer, BPay, Skrill, Neteller (Promotion End Date: May 31, 2019 12:00:00 AM)

• 20% Discount on VPS Services: New York City Servers:

  NYC Servers has partnered with Pepperstone to provide a customized low latency solution for their traders. NYC Servers understand that in order to be successful in today’s fast changing markets, forex traders rely on a stable low latency connection to their broker, fast executions, and high powered servers that are built to run 24x7x365. In addition all NYC services are backed by 24×7 support through email, support tickets, live chat, and telephone.

  Pepperstone clients can use the promotional code “Pepperstone20” when signing up to receive 20% off on any VPS plan. (Promotion End Date: May 31, 2019 12:00:00 AM)

Customer Support

Pepperstone has clients all over the world and offers great customer support 24/5 through live chat, online help, a comprehensive FAQ section, phone hotline and email.

Conclusion

Pepperstone is one of the world’s largest award winning brokers for High Volume Traders, Scalpers and Forex Expert Advisors trading. The brokerage firm offers a great selection of tradable instruments, including cryptocurrencies, and a strong customer support service.

Visit the Official Pepperstone website

Frequently Asked Questions (FAQ)

• Who is Pepperstone?

  Pepperstone is an online Forex and CFD Broker providing traders across the globe with cutting edge technology to trade the world’s markets. The company was founded in 2010 with the vision of providing fair and transparent forex trading to active traders. The broker is dedicated to bring retail investors and traders in Australia and abroad solutions previously only available to professionals and large global investment banks.

• Is Pepperstone regulated?

  Pepperstone is regulated by ASIC in Australia and holds a financial services licence 414530. Pepperstone complies with ASIC capital adequacy requirements and conducts ongoing compliance audits of internal procedures and risk management.

• What is the difference between a Standard and Razor account?

  Pepperstone has two Metatrader 4 account types, a standard account and a Razor account. The Standard Account provides access to Pepperstone’s interbank spreads and competitive liquidity with No Commission. The Razor Account gives you direct access to some of the world’s deepest liquidity with fully transparent trading costs. The commission is fixed at AUD 3.5 per 100k traded.

• What is the minimum amount needed to open a trading account?

  Pepperstone allows clients to open an account with as little as $200 or currency equivalent.

• How to fund a trading account?

  Pepperstone offers clients several ways of depositing funds. These are: Bank Wire, BPAY, Broker to Broker, Credit/debit Card, FasaPay, Neteller, POLi, Local Bank Transfer, Paypal, China Union Pay

• How to withdraw money from the trading account?

  Please submit the online Withdrawal form found in the Secure Client Area. Withdrawals are processed within 24 hours (1 business day or less).

• Is Scalping and Hedging allowed?

  Yes, Pepperstone fully allows both hedging and scalping strategies. Spreads and trading conditions are the preferred choice of many day traders and scalpers globally.

• Does Pepperstone accept US clients?

  No. Pepperstone prides itself on being an International fx trading firm welcoming clients from across the globe. Sadly US Commodity Futures Trading Commission (CFTC) regulation prevents US clients trading with non US brokers. Pepperstone strictly complies with all International and Australian regulations and thus at present Pepperstone is unable to accept US clients.

Visit the Official Pepperstone website