Pepperstone review (2019) – Read this before you sign-up!

pepperstone review

Last updated: December 4th 2019

This is the unbiased Pepperstone review!

Pepperstone Group Limited is one of the few true ECN brokers on the planet. It is a solid Australian firm with the main headquarters in Melbourne that has been in the business since 2002.


Broker’s Rating:

4.75

Trading Costs, Spreads 4.8
Trading platforms (MT4.MT5) 4.8
Customer support 4.8
Trading experience 4.8
Education for traders 4.8


Pros

  • True ECN Broker
  • Low spreads starting from 0.1 Pips
  • Leverage up to 400:1
  • Excellent reputation
  • Min. first deposit $200
  • Regulated by FCA UK, ASIC Australia
  • MT4 or cTrader

Cons

  • Focused mostly on forex

 Register your free Pepperstone account


Pepperstone Account Types

Broker Pepperstone offers 3 types of trading accounts:

  1. STANDARD
  2. RAZOR
  3. SWAP-FREE Islamic account.

With all three accounts, Pepperstone offers:

  • Create an account for free
  • Possibility to try trading on demo account
  • Maximum leverage  up to 1: 500
  • Protection against negative balance

1. Razor Account

The Razor Merchant Account offered by Pepperstone is a state-of-the-art infrastructure that allows forex traders to benefit from flexible leverage and trading from as little as 0.01 lots.

Thanks to Pepperstone’s access to interbank prices, the spread starts at 0.0 pips. Traders will be charged $3.50 to trade 1 Lot (100,000 currency units).

2. Standard Account

The Standard trading account offers spreads starting from 1 pips, and you do not pay a fee to execute the trade. You can choose one of three MetaTrader 4, MetaTrader 5 or cTrader trading platforms for your account.

3. Islamic SWAP free Account

The Islamic Swap-Free Merchant trading Account (without swap fees) is for merchants who cannot receive or pay swap fees. Spread height starts from 1 pip.

The trading account is interest-free, while allowing traders to use Pepperstone’s cutting edge trading technology and deep liquidity.


Pepperstone Trading platforms

1. Webtrader trading platform

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.

This review was conducted using the Pepperstone webtrader. The screenshot you can see below this text.

We found this pretty easy for a newcomer. User friendly, every item is where you would expect it to be. As a new user you need perhaps few minutes to learn the ropes. Our review is the evidence that there’s no steep learning curve here really.

Pepperstone Webtrader platform
Pepperstone Webtrader based on SIRIX technology

2. Mobile trading Apps

Traders can use mobile trading apps that we tested on our Android smartphone Samsung A50 Galaxy. During the review we found it working nicely and smooth.

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) trading platform

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.

pepperstone mt4 trading platform
Pepperstone MT4 trading platform

4. cTrader

You can trade with cTrader which in our opinion is not only more modern but also more user friendly than old fashion MT4.


Minimum deposit

Pepperstone broker set the minimum deposit for all 3 trading accounts at $200.

Finance Instruments

Broker Pepperstone allows you to trade financial instruments via CFD contracts.

You can trade the following financial instruments with Pepperstone:

  • Forex – The company allows you to trade more than 70 currency pairs, including the popular EUR / USD, GBP / USD or GBP / JPY.
  • Commodities – With CFDs you can trade gold, oil, silver, coffee or sugar. In total, you can trade 11 commodities.
  • Indices – Enrich your investment portfolio with the S&P 500 stock index or the German DAX index. In total, you can choose from 15 stock indices.
  • Cryptocurrencies – slowly but surely becoming a fixed part of the offer of many brokers. Pepperstone allows you to trade Bitcoin, Ethereum, Litecoin and Dash.

Pepperstone Spreads & Fees

Spreads heavily depend on the type of Account that you have selected!


Regulation

Pepperstone is an Australia 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 withdrawal review

Account currencies

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
  • BPay
  • China Union Pay
  • Credit/Debit Cards (Mastercard, VISA )
  • Fasapay
  • Qiwi
  • PayPal
  • Poli
  • 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 A Pepperstone Trading 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.

  1. First you will be asked to create username and password
  2. Then confirm email address (this is important step)
  3. Set the account type and currency
  4. Complete the trading experience survey (required by the regulator)
  5. Once your account is approved by compliance, you can deposit
  6. Start trading!

 Register your free Pepperstone account

Our 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.

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