Pepperstone Review 2023 Pros and Cons Uncovered

To be honest, I actually prefer cTrader, I think it’s more user-friendly, it breaks down your margin. The disadvantage of course is that you can’t run net and hedged positions. You can’t trade with EAs but I don’t really like them anyway, I think the chances of clients making money with an off-the-rack automated trading strategy is pretty slim. It may work for a bit to nick a trade here and there but if you leave it running over a massive market correction you can get wiped out. You also can’t trade as many shares on cTrader as you can on MT5, which is a shame. One of the main things that make Pepperstones MetaTrader offering stand out is market range, you get loads of forex pairs, the major indices and they are also increasing the number of shares they offer.

The broker offers tight spreads with no or low commissions and they have a fairly low minimum deposit requirement which will appeal to beginner or retail investors. They also have a free demo account which you can use to test out their platform before making your first deposit. Essentially, Pepperstone aims to deliver institutional grade trading to every online forex broker, without having to worry about catches and account structures. The focus is on low-cost trading and quick execution, and retail investors of all types and styles are welcome. The minimum account size of $200 AUD means that Pepperstone truly is open to nearly anyone.

Pepperstone Review

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. In addition, Pepperstone enhanced platform with Smart Trader Tools, a package with over 10 smart apps that makes trading more efficient. Yet note, that instruments may vary depending on jurisdiction (e.g. Crypto CFDs are not available under CMA or FCA UK entitites). Join one of the industry’s most successful referral programs and grow your business with the help of our experienced and dedicated regional representatives. Pepperstone is an Australian private company established in 2010.

• A 30-day time limit applies unless traders make a live deposit and contact customer support to request a non-expiry demo account.
• I recommend the latter for emergencies, which I am confident will remain minimal.
• With cTrader, you get robust trading infrastructure, lightning-fast speed, and top-tier liquidity.
• There are several account types to choose from, depending on your skill and investment level.
• Pepperstone is a Trading Platform that is specialised in Forex and CFD Trading.

Was enormously patient, straightforward to the questions and extremely professional and supportive. At this moment I check the quality of my future relationship with Pepperstone platform. If you got a time , just try to chat with other brokers and you will find out the difference pepperstone broker of the quality. The Australian-based forex broker Pepperstone has announced that it has joined forces with the Australian football team Geelong Cats. Overall, Pepperstone offers a robust educational suite that can benefit both beginner and experienced traders.

I like that Pepperstone added the verification to its application, not necessary for traders opening a demo account, as it is a requirement and saves traders a few steps. A copy of the ID and one proof of residency document generally satisfy mandatory account verification. Traders must accumulate $250 million in monthly trading volume or approximately 2,500 lots. Traders with advanced trading solutions that require API trading should have no problems meeting this minimum. Pepperstone maintains an excellent trading environment for traders with advanced technical requirements. I find the overall choice of trading platforms excellent and want to highlight the unique Capitalise AI benefits, which complement the algorithmic-focused trading environment at Pepperstone.

Account base currencies

Traders who want more EAs to use, and don’t mind the dated interface, should consider using one of the MetaTrader products. CTrader is often a favourite for beginner traders as it requires less setup, has a more modern interface, and offers more advanced order types. Pepperstone’s cTrader also seamlessly integrates with TradingView, an advanced charting tool. Pepperstone uses Equinix trading servers to deliver fast trading. This is the broker’s method of staying competitive in the competitive industry of the global electronic financial markets since the electronic trading systems it offers can only work well if the infrastructure is effective. Those who choose to trade on MetaTrader can opt for the Smart Trader Tools from Pepperstone.

Pepperstone was founded in 2010 and has since then experienced rapid growth due to our top of the line trading infrastructure for clients with lightning fast execution, tight spreads and deep liquidity from our providers. The analysis section covers a wide array of topics, from politics to other newsworthy events, while a section called the «Daily Fix» provides analysis on market-moving events. MT4/5 and cTrader provide few research features but the Smart Tools add-on for MT4 partially remedies this deficit.

Those who qualify for the Active Trader Program can earn cash rebates for their forex trades and save as much as 43 percent on trading commissions. It is worth noting that if you hold a trade on this type of account for two days, Pepperstone does make an admin charge, according to the clear table of commissions on the page dedicated to this account type. From the start, Pepperstone aimed to overcome this via its superior technology, exceptional customer service, low-cost spreads, and low-latency execution.

• There are four main types of accounts from Pepperstone, including the Edge Standard Account, Edge Razor Account, Edge Swap-Free Account, and Edge Active Traders Account.
• Yet note, that instruments may vary depending on jurisdiction (e.g. Crypto CFDs are not available under CMA or FCA UK entitites).
• It allows an increased ability to see the depth of market and access to multiple liquidity providers.
• Pepperstone is a Forex and CFD broker founded in 2010 in Melbourne, Australia.
• Additionally, the broker offers limited educational resources and research tools.

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review.

How much is Pepperstone’s withdrawal fee?

We also chatted with an operator, and we always got relevant answers. After each conversation, you can rate and comment on the chat, making it easy and efficient https://traderoom.info/ to provide feedback. At Pepperstone, you can trade 600+ US stocks as share CFDs, including large-cap companies like Boeing, Facebook, Apple, Exxon and Alibaba.

It’s a big risk trading the financial markets and there are often big sums of money involved. So being able to phone someone up who can execute trades for you and give you a full demo of the platform is almost more important, in my mind anyway, than pricing and market access. If you’re in the UK, you get to talk to your dealers in London, through direct dial. MT5 is one of the most popular trading platforms on the planet and is used by millions of traders and hundreds of brokers.

Customer Service

Traders should check payment processor costs to determine the most efficient method, which varies by geographic location. I recommend traders use third-party payment methods to keep their trading activity separate from their day-to-day banking operations. All three trading platforms offered are considered among the best in the industry, and all three provide access to Autochartist, one of Pepperstone’s range of free trading tools.

Trading CFDs with Pepperstone can be done directly with the MetaTrader 4 or cTrader client terminals so there is no need to have multiple trading accounts. The method from Pepperstone includes handling multiple fills, so it can sweep large orders through several levels into its Liquidity Aggregator. Additionally, Pepperstone systematically executes clients’ CFD orders with a market execution basis that does not require requotes and enables both negative and positive slippage.

Traders with Pepperstone accounts can choose to trade using either MetaTrader 4 or cTrader. MetaTrader 4 is compatible with Windows, Mac, the Web Trader via your choice of browser, iPhone, Android, and tablets (both Android and iOS). The rebates depend on the volume of standard lots you trade monthly, with higher rebates for higher trading volumes.

But we were disappointed to find that Pepperstone has fewer shares to trade than most other large brokers. Pepperstone Limited also has Professional Indemnity Insurance from Lloyds of London and has the client accounts maintained with Barclays, a top-tier UK bank. Furthermore, Pepperstone Limited is independently audited by Ernst & Young, a global accounting firm. It is access to this Equinix Financial eXchange that lets Pepperstone deliver low-latency as well as allowing the broker to exchange data directly with customers and strategic partners nearby.

Pepperstone also has an impressive array of pre-recorded educational content for beginners and advanced traders. If you prefer trading on Web without instalation, 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. Pepperstone 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. Which is definitely great selection, in simple words means you can skip the exchange fees and may benefit from trading in your local currency.

The Pepperstone Webtrader offers a lightweight trading platform for manual traders who trade from numerous devices during the day. The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013.

Each one of these is graded, and an overall score is calculated and assigned to the broker. Customer support is available in English, French, German, Italian, Spanish, Portuguese, Polish, Russian Vietnamese, and Thai, via email, telephone, and live chat. For the purposes of this review, we found the customer service responsive, polite, and knowledgeable. Pepperstone’s award-winning 24/7 customer service is available to help answer questions, should you need assistance with either technical or account-based queries. While MetaTrader Signals can be followed by anyone using the Metatrader platform, the Duplitrade copy trading system is only accessible through Pepperstone with a 5000 AUD (or equivalent) minimum deposit.

Customer service is slightly above average, and the education catalog is adequate. Traders receive protection up to £85,000 under the Financial Services Compensation Scheme Protection (FSCS). Client funds are held at National Australia Bank in a segregated account to avoid misuse.

There are also educational videos available on Pepperstone’s YouTube channel. An agent was connected within seconds and answered questions in a professional and friendly manner. However, we’ve seen better implementations of this tool elsewhere; for example, we missed filters. We really liked the analysis written by Pepperstone’s research team. The authors have a good understanding of volatility regimes and macro. You can use 31 technical indicators and other editing tools, such as trendlines and Fibonacci retracement.