Pepperstone Review
Overview of Pepperstone
Pepperstone is a regulated broker that offers a wide range of tradable assets. It is one of the world’s largest brokers that processes an $12.55 bn of trades per day. Pros / Cons
Overall Summary
Pepperstone is an Australian forex broker that offers CFDs. It was established in 2010 and opened the office in London in 2015 after Brexit. After Brexit the traders registering from the EU use the service by Pepperstone’s German and Cyprus entities. Pepperstone is regulated by 7 national regulations including top 3 Tier financial authorities FCA, BaFin and ASIC.
Is trading with Pepperstone safe?
Pepperstone is considered to be a low risk broker which is regulated by top 3 Tier financial Authorities. This broker is not publicly traded and also it doesn’t operate a bank. It also offers many fee-free funding methods.
Awards and Recognitions
Pepperstone has won multiple prestigious awards from – Investment Trends, Deloitte and the Government of Victoria and is recognised worldwide for its excellent trading conditions, value for money and exceptional customer care service.
Pepperstone Trading Instruments Offered
Pepperstone offers trading in more than 700 assets across a large range of instruments including FX, CFDs and Commodities.
Trading Instruments Offered by Pepperstone
- Forex:
- Index CFDs
- Commodities
- Cryptocurrencies
- Shares
- Currency Indices
Pepperstone Trading Platforms
Pepperstone offers a third party trading platform which is MetaTrader Suite (Both MT4 and MT5) and CTrader. Pepperstone trading platforms are available on Windows and Mac OS for desktop, iOS and Android for mobile and tablets, and on our web app, WebTrader.
MetaTrader Suite
Pepperstone offers both MT4 and MT5 Trading platforms.
MT4
MT4 is one of the most popular trading platforms which offers customisable and has simple user-interface. It allows traders to build and run Expert Advisors using MQL4. MT4 also provides autochartist features to identify high probability trades. It offers 28 indicators and EAs with smart trading tools.
MT5
MT5 is the most powerful trading platform designed specifically to carry out complex trades. It offers trading tools with high functionalities. Traders can use and code easily with MQL5 on the MT5 platform. MT5 offers faster processing time, ability to hedge the positions, advanced tools and indicators that can help you take your trade on the next level.
cTrader
cTrader is an intuitive and easy to use trading platform that has advanced trading tools like fast entry and execution of the trade and coding customisation. cTrader offers advanced risk management and order functionalities. It offers coding in c# and open API. The platform optimises the processing of EAs and indicators. cTrader is excellent for both new and experienced traders. cTrader offers the platform in multiple languages like English, Russian, French, Spanish, Portuguese, Polish, Japanese, Korean, Chinese, Italian, Greek, Turkish, Hungarian and German.
Copy Trading Platform
Pepperstone offers the MirrorTrader and RoboX platforms from Tradency, myFxbook for MetaTrader, and DupliTrade for cTrader (though it requires a $5,000 minimum balance required).
Trading Tools Offered by Pepperstone
- Capitalise.ai: Capitalise.ai offers Code-free trading automation. It allows 24*7 monitoring of the market, research and analyses with backtesting and stimulated trading strategies using freestyle text to improve their performance. It monitors the trade and sends real-time notifications. It helps in exploring the trading opportunities and creating trading strategies to make trades. Traders do not need to sign up in Capitalise.ai. They can simply sign up with Pepperstone on MT4 and start.
- Smart Trader Tool: It is a suite of tools for Expert Advisors which helps in improving the execution and management of the trade. These tools can be accessed on MT4 and MT5. EAs tools included in this are: Alarm manager, Connect feature, Correlation Matrix, Correlation Trader, Excel RTD, Market manager, Mini Terminal, Sentiment Trader, Session map, Tick Chart Manager, Trade Simulator, and Trade Terminal. Technical Indicators included are: Bar Changer, Candle Countdown, Chart Group, Chart-in-Chart, Donchian, Freehand, Gravity, High-Low, Keltner, Magnifier, Mini Chart, Order History, Pivot Point, Renko and Symbol Info.
- cTrader Automate: ctrader Automate. Api is designed specifically for margin trading and uses programming language that is easily read by both developer and traders. The API is extensive and supports everything w.r.t trading forex and CFDs.
- Autochartist: Autochartist helps in focusing on the trade by removing the market noise and highlights the currency pairs, data interval and technical indicators.
- Market Scanner: Autochartist is a market scanner which provides statistically significant movements and identifies important price levels.
- Probability Filter: This version of Autochartist has an in-built filter for market events that have shown themselves to be significant trading value for over six months of backtesting.
- Risk management tool: Autochartist offers a risk calculator and provides expected market movements ranging from 1 hour to 24 hours.
- Technical Indicators: Autochartist sends automated notifications when emerging and completed chart patterns such as Triangles, Wedges, Tops and Bottoms are identified.
- Volatility Analysis: Using this tool allows traders to set appropriate take profit and stop-loss based on the volatility of the market.
- Daily market reports: Traders can subscribe to high-impact economic events and actionable trading opportunities from Autochartist for the trading session you prefer to trade.
- Algorithmic Trading: Pepperstone allows traders to access the market quickly through Automated trading.
- API Trading: Pepperstone supports Automated trading via API (Application programming Interface).
- VPS Hosting: VPS or Virtual Private Server hosting allows traders to run automated algorithmic strategies including EAs for 27*7 on a virtual machine.
Pepperstone Trading Accounts
Razor 0.0: Razor trading account can be used with MT4, MT5 or cTrader. Pepperstone mentioned the average spreads to be 0.0 to 0.3 for EUR/USD. The commissions offered by Pepperstone are AUD $7 per $100K (round turn). Razor is best for the scalpers and algorithmic traders.
Standard Account: Standard account is a commission free account and offers the average spreads of 0.6 pips on EUR/USD. Standard account stands out as an affordable option and is good for beginners.
Minimum Deposits, Commissions and Leverage Offered by Pepperstone
Traders can start their trading journey with Pepperstone by making the minimum deposit of $200 and can use leverage upto 500:1. There are no commissions charged with a standard account. The commission fees for the Razor account the trading platform trader is using:
- MT4- 7.53 RT/Lot
- MT5- $7.00 RT/Lot
- cTrader- $7.00 RT/Lot
Other Pepperstone Fees and Charges
1.Trading Fees
Trading fees for Pepperstone are very low. Comparing trading fees for CFD brokers is very difficult so we have calculated the fees benchmarked for a few assets. This benchmarked fee includes spreads, commission and financing cost.
| Pepperstone | |
|---|---|
| Apple benchmark fee | $1.8 |
| Vodafone benchmark fee | $21.7 |
| EUR/USD benchmark fee | $6.1 |
2. Financing Fees
Financing fee for pepperstone is low but if the trader wants to trade on margin and prefers holding long positions the financing fees can be significant.
Yearly Financing fee for a few assets in Pepperstone are:
| Pepperstone | |
|---|---|
| Apple CFDs financing rates | 2.6% |
| Vodafone CFDs financing rates | 2.6% |
| EUR/USD financing rates | 1.2% |
| EUR/GBP financing rates | 1.6% |
3. Currency Conversion Fees
Pepperstone charges a currency conversion fee for all the trades on instruments denominated in a currency which is different from the currency in the trading account.
4. Pepperstone Non-trading Fees
These fees include Withdrawal fees, Deposit fees, Inactivity fees and Account fees.
| Pepperstone | |
|---|---|
| Withdrawal fees | $0 |
| Deposit fees | $0 |
| Inactivity fees | NO |
| Account fees | NO |
5. Pepperstone Deposit Fees
Deposit fees are applied when the trader sends the money from the bank transfer to the trading account. Like most of the brokers Pepperstone doesn’t charge any deposit fees.
Traders can deposit money on their Trading account with Pepperstone via:
| Deposit Options | Pepperstone |
|---|---|
| Bank Transfer | Yes |
| Credit/Debit Card | Yes |
| Electronic Wallet | Yes |
| Deposit Fees | $0 |
6. Pepperstone Withdrawal Fees
Unlike many brokers, Pepperstone doesn’t charge any withdrawal fees. The withdrawal fee is charged when the trader transfers his money from the trading account into their bank accounts.
Pepperstone Withdrawal Options Are
| Withdrawal Options | Pepperstone |
|---|---|
| Bank Transfer | Yes |
| Credit/Debit Card | Yes |
| Electronic Wallet | Yes |
| Withdrawal with bank transfer | $0 |
Payment and Withdrawals Method Offered by Pepperstone
With pepperstone traders get the access to their own secure client area and can access their withdrawal and deposits easily and securely.
| Pepperstone | |
|---|---|
| Options for both withdrawal and deposits: | Bank Transfer, Visa & MasterCard, Poli, Wallets like Netellar and Skrill, Union Pay, BPay, and PayPal |
How to Sign Up for Pepperstone?
- Visit pepperstone.com
- Register your email and password
- Verify your email
- Proceed to the Secure Client Area
- Fill in the required information and set the base currency of your account.
- Complete a trading expertise survey.
- Upload a copy of the required documents
Conclusion
Pepperstone can be an excellent choice for all the types of traders- Beginners, Experienced and copy traders. It is a highly secured trading platform due to its regulations.
Check Pepperstone reviews on other platforms:
Pepperstone Review – Quora
Pepperstone Review – Forex Peace Army
FAQ
Yes, Pepperstone is regulated by 7 national regulations including top 3 Tier financial authorities FCA, BaFin and ASIC
The maximum leverage offered by Pepperstone is 500:1.
Pepperstone offers Razor and Standard accounts.
- Forex
- Indices
- Currency Indices
- Shares
- ETFs
- Commodities
- Cryptocurrency
Deposits and withdrawals can be made through Bank Transfer, Visa & MasterCard, Poli, Wallets like Netellar and Skrill, Union Pay, BPay, and PayPal.
The minimum deposit required for opening an account is $200.
Pepperstone mentioned the average spreads to be 0.0 to 0.3 for EUR/USD for razor account and for standard account 0.6 pips.
Pepperstone offers three trading platforms, MT4, MT5 andcTrader.
Yes, Pepperstone provides a demo account.
No you can not trade Options with Pepperstone.
Spreads depend on the account you are using. For a standard account the average spreads are 0.6 pips and for Razor 0.0 accounts the average spreads are 0- 0.3 Pips.
There are no commissions charged with a standard account. The commission fees for the Razor account the trading platform trader is using:
MT4- 7.53 RT/Lot
MT5- $7.00 RT/Lot
cTrader- $7.00 RT/Lot
cTrader is the third party trading platform which is available with both Standard and Razor accounts. cTrader is an intuitive and easy to use trading platform that has advanced trading tools like fast entry and execution of the trade and coding customisation.
No, there are no deposit and withdrawal fees charged by Pepperstone.
You can contact them via live chat, call or email.
Pepperstone offers VIP pricing that has rewards for high volume trades.
Pepperstone offers the MirrorTrader and RoboX platforms from Tradency, myFxbook for MetaTrader, and DupliTrade for cTrader (though it requires a $5,000 minimum balance required).
Pepperstone offers several tools that help in making the trade more efficient and easy. These tools are:
- Capitalise.ai
- cTrader Automate
- Autochartist
- Algorithmic Trading
- API trading
- VPS Hosting
Yes, Pepperstone offers an Autochartist.
You can open the account with pepperstone by following the below steps:
- Visit https://pepperstone.com/en/
- Register your email and password
- Verify your email
- Proceed to the Secure Client Area
- Fill in the required information and set the base currency of your account.
- Complete a trading expertise survey.
- Upload a copy of the required documents