Last updated: September 24th 2019
This is the honest Pepperstone review.
Pepperstone is one of the few true ECN brokers on the planet. It is a solid Australian firm with the main headquarters in Melbourne that is in the business since 2002 and serving European traders from its London offices since 2015.
Pepperstone Account Types
1. Razor Account
2. Standard Account
3. SWAP free islamic
Pepperstone’s webtrader provides direct access to the trading account from any computer with internet access. The web-based trading platform offers full functionality with a very simple and intuitive operating concept. Even beginners in Forex trading should get along with the program without any major difficulties. During our test, there were occasional slight delays with orders. With a maximum of 4 seconds, however, these were still within the normal time limit. We liked the variety of charts with technical analyses and a large number of indicators.
2. Mobile trading Apps
Traders can use mobile trading apps that we tested on our Android smartphone Samsung A50 Galaxy.
Mobile trading apps benefits:
- you can open a trade with few clicks
- different charts available
- faster than competition and not freezing
3. Metatrader 4 (MT4)
Pepperstone offers the world’s most popular trading platform MT4 for Forex trading. Especially professionals appreciate the numerous settings options of The MetaTrader 4. Thanks to expert advisors (EAs), automated trading strategies can be easily created.
You can trade with cTrader which in our opinion is not only more modern but also more user friendly than old fashion MT4.
Pepperstone Spreads & Fees
Spreads heavily depend on the type of Account that you have selected.
There are 70 currency pairs available for trading. You will hardly find a broker that offers more than this.
Pepperstone is an ASIC regulated forex broker. Since 2018 they hold FCA United Kingdom regulation as well so that they can cater to European Union market as well. Strong regulation by both ASIC and FCA also ensures a certain degree of security for trader and his money!
Pepperstone demo account
It is possible to try first with $5000 virtual money on a demo account with all trading functions available. One can use practice account for an unlimited period of time!
Pepperstone deposit and withdrawal test
You can deposit into your trading account in one of the following currencies:
Euro, AUD, USD, NZD, CHF, GBP, JPY, SGD and HKD.
Deposit methods available
Minimum first deposit is currently $200 or its equivalent in other currencies.
Deposit method will in many cases depend on the country where you are located.
- Bank transfer
- China Union Pay
- Credit/Debit Cards (Mastercard, VISA )
- Skrill / Neteller
We did the test using Skrill ewallet and the withdrawal was processed fine one the exact same day when we requested it through the platform. The money arrived on our Skrill account the next day.
How To Open An Account
We found account opening process little bit faster when we compare it with competition. However due to a fact that this broker is regulated you must provide moreless the same information like elsewhere. It took us around 5 minutes to open an account, and hopefully it will take you the same amount of time.
- First you will be asked to create username and password
- Then confirm email address (this is important step)
- Set the account type and currency
- Complete the trading experience survey (required by the regulator)
- Once your account is approved by compliance, you can deposit
- Start trading!
Pepperstone review verdict:
Pepperstone is a reliable and regulated Australian ECN forex broker.
We have to give the credit where it is due, since during the review we have found out that they really deliver what is being said in marketing materials.
The brand presents itself as a reputable brand and professional solution for people who want to trade foreign currencies blazing fast and at a lower cost. Thanks to their modern mobile trading app you can trade whenever you go and the free use of the demo account makes it risk free for anyone who just wants to try things out without risking a dollar.
We would recommend Pepperstone to those traders who seek high security, professionality and stability.