Pepperstone review 2019 – Pros & Cons and Platform overview

pepperstone reviewThis is the 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.

Pros:

  • extra low spreads starting from 0.1 Pips
  • real ECN broker
  • super fast trades execution for almost interbank rates
  • max. leverage 1:400
  • min. deposit is only $200
  • you can choose between Metatrader 4 (MT4) and cTrader
  • solid company with solid reviews from the trader’s community
  • high quality mobile trading Apps

Cons:

  • no bonuses offered
  • focused mainly on forex

 Register free Pepperstone account

Pepperstone Account Types

1. Razor Account

2. Standard Account

3. SWAP free islamic

 

Trading platforms

1. Webtrader

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.

Pepperstone Webtrader
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.

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.

pepperstone mt4
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.

Pepperstone Spreads & Fees

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

Tradable Assets

There are 70 currency pairs available for trading. You will hardly find a broker that offers more than this.

Regulation

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

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 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.

  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 free Pepperstone account

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.

 

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