Pepperstone Broker Review

Pepperstone Basics

🏛️ Based in	Sydney, Australia
⚖️ Regulation	CySEC, FCA, ASIC, CMA
💰 Minimum Deposit	$0 (Start with Any Deposit Amount)
💳 Deposit Options	VISA, MasterCard, Bank Wire
💳 Withdrawal Options	VISA, MasterCard, Bank Wire
📌Open an account	Start Trading with Pepperstone

About Pepperstone Forex

Pepperstone is an established online broker. It was first launched back in 2010. They are now an international forex company with a global presence and offices in Limassol, Düsseldorf, London, Melbourne, Dubai and Nairobi. 

If you’re looking for a forex broker, the first thing you need to check is their regulation. Peppersone is a licensed company and is regulated by some of the best financial authorities in the world. As a regulated broker, they offer a great online trading experience and a secure online trading environment. They have won many forex awards and earned the trust of over 300,000 traders. They also process around US$12.55bn of trades every day, making them one of the biggest brokers in the world. These are all good reasons to consider them as your provider. 

If you’re interested in online trading, then the next thing you need to look at is their trading account. Pepperstone offers a much better trading service than many of the other brokers in Europe. They have over 1000+ trading instruments including forex, metals, commodities, shares, and indices. They also have a good choice of trading accounts. You can choose between 2 account types – both of which come with low trading costs  and fast trade execution. You can also choose between three online trading platforms – MetaTrader4, MetaTrader5, and cTrader.

If you’re looking for extra support, then the final thing you need to look at is education and customer service. Pepperstone provides world-class online trading support. They have many helpful trading tools including trading calculators and market analysis. They also have great educational materials including articles, eBooks, and webinars. And if you ever have any questions, Pepperstone also offers great customer support.

Pepperstone and Regulation

Pepperstone is a trading name. It is used by several different forex companies that are all part of the same group.. While this might sound complicated, this business structure is what enables Pepperstone to apply for more licences and operate in more countries. It is also what ensures that their traders always benefit from good  regulatory oversight.

Pepperstone Licences

As a group, Pepperstone has many regulatory licences. For example, they are regulated by the Cyprus Securities and Exchange Commission (CYSEC), the  Australian Securities and Investment Commission (ASIC), and the UK Financial Conduct Authority (FCA). Here is an extensive list of the group’s companies, licences, and registrations:

• ASIC – Pepperstone Pty Ltd has licence number 414530 from the regulator in Australia.
• FCA – Pepperstone Ltd has licence number 684312 from the regulator in the UK.
• SCB – Pepperstone Markets Limited has licence number SIA-F217 from the Bahamas.
• CySEC – Pepperstone EU Limited has licence number 388/20 from the regulator in Cyprus.
• DFSA – Pepperstone is regulated under licence number F004356 in Dubai.
• CMA – Pepperstone has the licence number 128 from the regulator in Kenya.
• BaFin – Pepperstone has a licence under registration number 151148 in Germany.

Regulations in Europe

Forex traders in Europe can open an account with Pepperstone EU Limited. This is their European business  subsidiary and it has a licence from the local regulator in Cyprus. Forex traders in Europe can expect fair treatment and a high level of client fund protection from this business. 

Client Fund Safety

When it comes to client fund safety, Pepperstone meets all of their regulatory requirements and has comprehensive client fund protection measures in place. Pepperstone operates based on a segregated account policy. This means that they keep client funds in segregated accounts, separate from their own funds. This means that they can never use client funds for their own business purposes. Pepperstone also ensures that negative balance protection is available to all its European clients.

Forex Awards

If you’re looking for great customer service, it can help to know if the forex broker you want to trade with has even won any industry awards. Pepperstone is an excellent forex company and one of the best brokers for forex traders in Europe. It has won many prestigious awards in recognition of its services including:

• Best Forex Broker 2021 (Daytrading.com),
• The Best Tailored Professional Trading Conditions 2019/2020 (Professional Trader),
• Best Trading Performance Tools 2020 (Professional Trader),
• The Best Global Forex ECN Broker Award 2019 (Global Forex Awards),
• Best Forex Trading Support – Europe 2019 (Global Forex Awards).

Pepperstone: Scam or Legit?

Pepperstone is definitely a legit broker. They have been offering online trading for many years and are one of the top forex brokers in Europe. In terms of their regulation, they have licences from some of the strictest market regulators in the world, including ASIC and CySEC. When it comes to their trading services, they offer fair trading conditions and competitive pricing, in line with what you should expect from a European broker.. And when it comes to forex trading, they offer a nice range of currency pairs. In our opinion, Pepperstone is a legit forex broker and a great choice for traders in Europe. 

Pepperstone Trading Assets

Pepperstone markets are great. They offer you the choice of 1000+ trading instruments – more than enough for trading purposes. You can choose from currency pairs, metals, shares, commodities, and indices.

Pepperstone Trading Instruments

• Forex: Pepperstone gives you 60+ currency pairs to choose from including major, minor, and exotic currency pairs. 
• Shares: Pepperstone offers trading on 900+ share CFDs. You can choose from sectors including technology, health care, and banking.
• Commodities: Pepperstone provides trading on 20+ commodities including gold, silver, platinum, petroleum, natural gas, coffee, and cocoa.
• Indices: They give you the choice of 20+ indices. You can trade all of the most popular instruments across the American, European, and Asian markets.
• Pepperstone crypto trading: They offer trading on Bitcoin, Bitcoin Cash, and Litecoin. You can also trade Ethereum, Ripple, and Polkadot.

Pepperstone Account Types

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Razor	From 0 pips	$0	1:400	$1.5
Standard	From 1.0 pips	$0	1:400	$0

As part of our Pepperstone broker review, we took a look at each of their trading accounts. We also took a look at their trading conditions. Here is a quick summary.

Live Accounts

The Pepperstone Standard account and the Pepperstone Razor account are both live accounts. They come with fairly standard trading conditions. For example, they have a minimum 0.01 lots trading size and a maximum 100 lots trading size. The maximum leverage on forex pairs is 1:400. The base currencies are GBP, USD, EUR, CHF. They do come with some additional benefits. For example, you are allowed to use scalping and hedging trading strategies. You can also use EAs.

Demo Accounts

Pepperstone offers a demo trading account. The demo account replicates a live trading environment and gives you the opportunity to practise your forex trading in real-time. It works using virtual money rather than real funds, which makes it a safer option for new traders who are still learning how to trade. If you’re new to forex trading then you can use the Pepperstone demo account to try out some tools on MT4, MT5, and cTrader. If you’re more experienced, then you can use the account to test new EAs and trading strategies.

PAMM Accounts

Pepperstone has some great account options for aspiring account managers. They offer qualified traders, with relevant industry experience, both MAM and PAMM accounts. They also offer beginner traders the opportunity to sign up for managed accounts. So you can either earn money by managing accounts, or earn money by getting a managed portfolio.

Pepperstone Spreads

Pepperstone offers variable spreads. Their average spreads are low on all of their trading accounts. For example, their spreads for EUR/USD and GBP/USD start from 0.10 on the Razor account and 0.7 on the Standard account.

Pepperstone Commission

Pepperstone has low commission on most of the trading accounts. The commission per 0.01 lots on their MT4 and MT5 Razor accounts are USD 0.04 (USD 0.08 round turn). The commission on their cTrader account is $6 USD per round turn.

Pepperstone Leverage

Pepperstone offers standard leverage in line with European regulations. That said, the available leverage is still more than enough for new traders. It varies depending on which trading instrument you choose. However, the maximum leverage on forex pairs is 1:30.

Pepperstone Non-Trading Fees

Unlike other brokers, Pepperstone does not charge any administration or inactivity fees. They also keep deposit or withdrawal fees to a minimum, and only ask you to cover the costs of withdrawals requiring international bank wires. This means it has some of the lowest non-trading fees in Europe.

Pepperstone Currency Conversion Fees

Pepperstone does ask for a currency conversion fee for transfers in currencies other than their accepted base currencies. Currency conversions apply at the current spot rate, minus a conversion fee of up to 1 per cent. Pepperstone offers EUR as a base currency, which may be a good choice for traders in Europe.

Base Currencies

They have the following account base currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD. They offer more base currencies than many other brokers.

Pepperstone Bonuses

Pepperstone have excellent account types and competitive online trading conditions. However, they do not offer trading bonuses. This is due to local regulation.

Pepperstone Registration – How To Open An Account

As part of our Pepperstone forex broker review, we checked their registration process. If you live in Europe, then you are eligible to open a live trading account. The first step is to go to their website and fill in the online registration form. This is so that Pepperstone can collect enough personal details to create your account. At this stage of the process, you also need to provide an email address and password. These will be your login details.

The next step is to take a short test about online trading. This is so that Pepperstone can find out what you know about online trading and determine if their services are suitable for you.. If you pass the test, you can then move on to the next stage of the process. The final step is to complete the KYC process and verify your account. This is so that Pepperstone can meet all their legal requirements and approve your trading account.

Pepperstone Registration – How To Verify An Account

As part of the registration process, Pepperstone needs to check your identity. They will ask for a primary form of ID. This could be a copy of your passport or driving licence. You also need to give them a secondary form of ID. This could be a utility bill, a bank statement, or a government issued tax document. After Pepperstone has checked everything, they will activate your trading account.

Pepperstone Payment Methods

As part of our Pepperstone broker review, we took a look at their online payment processes. Pepperstone has a fairly limited choice of payment options compared to other brokers. However, it does have some convenient payment methods. Let’s have a look.

Pepperstone Deposits

Deposit Methods

Pepperstone accepts Visa, Mastercard, and bank transfers. These are their main deposit methods. However, if you open a trading account, then you might find more funding options in your client area, depending on where you live. For example, some clients may also be able to deposit money using other payment services such as PayPal.

Minimum Deposits

The minimum deposit at Pepperstone is $0.

Deposit Times

Pepperstone processes deposits quickly. Most deposits are processed either instantly or within a working day. However, depending on which funding method you choose, it might take a bit more time for the funds to arrive in your account. For example, deposits made by Bank Wire Transfer can take 3-5 working days to reach your account.

Pepperstone Withdrawals

Pepperstone offers Visa, Mastercard, and bank transfers as their primary withdrawal methods. However, if you decide to open a trading account, and use an alternative method for your deposits, then more withdrawal options may be available to you in your client area. For example, some clients may also be able to withdraw money from their trading accounts using e-wallets.

Withdrawal Times

Pepperstone process withdrawal requests quite quickly. Withdrawal forms received before 08:00 (GMT) will be processed the same day. If these are received after 08:00 (GMT), they will be processed the following day.Depending on where the money is being sent, it may take slightly longer for you to receive your funds, For example, withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach your account.

Withdrawal Conditions

Pepperstone doesn’t have any withdrawal fees. It’s important to keep in mind though that they will not cover the costs of international bank wires.

There are a few other withdrawal conditions that you need to keep in mind. Pepperstone is a regulated broker and is strict when it comes to following Anti-Money Laundering protocol. For this reason, non-profit withdrawals can only be returned to the original deposit source. Also, regardless of which deposit method you use, profits can only be withdrawn via a bank transfer to a bank account in your name.

Withdrawal Problems

Pepperstone has a good reputation when it comes to withdrawals. There have been very few complaints online. They can be trusted to keep your funds safe and to promptly return them. Any withdrawal problems should be reported to their customer service team, who will deal with the issue quickly.

Pepperstone Trading Hours

Pepperstone sticks to the standard trading hours. You can open trades whenever the forex market is open. Trading hours may change on public holidays.

Pepperstone Trading Platforms

Pepperstone offers trading on Metatrader 4, Metatrader 5, and cTrader. These are great trading platforms. All three platforms are available on desktop, tablets, and mobile.

MetaTrader4 (MT4) is a good option for beginner traders in Europe. You can use the platform to trade forex, shares, indices, and more. The Pepperstone MT4 platform has all the standard features including charting tools, 4 order execution types, 30 technical indicators and 23 analytical objects. You can use these features to carry out your technical analysis and implement your trading strategies.

MetaTrader5 (MT5) is also a good option for new traders in Europe. As with MetaTrader4, you can use it to access and trade all your favourite trading instruments. The Pepperstone MT5 platform has a wide selection of features including 6 order execution types, 38 indicators, and 37 analytical objects. As such, it has better functionality and enables you to implement more advanced strategies..

cTrader is another powerful trading platform. As with MT4 and MT5, you can use it to trade a wide range of CFD trading instruments including forex, metals, and stocks. The Pepperstone cTrader platform has lots of great features including 6 order types, 55 technical indicators, an economic calendar, and market sentiment tools. As such, you can easily use it to carry out your analysis and manage your trades.

Trading Tools

When you’re choosing a forex broker, it’s important to see what trading tools they have available for free. Pepperstone offers a nice range of online trading tools. They have a Smart Traders Tools package. This includes a helpful suite of expert advisors that help you enhance your trading strategy. They also help you manage your risk and improve your overall trading experience. Pepperstone also offers a wide range of more advanced trading tools including API trading and VPS services.

When you’re looking for a broker, it’s also important to know what copy trading services they have, especially if you’re a beginner. Pepperstone does offer trading signals. Pepperstone has partnered with social trading platforms. Their main partner, MetaTrader signals, lets you access trading signals from successful traders in real-time. This type of social trading also helps you diversify your trading strategy. It also helps you to reduce your portfolio risk and save time on your market research

Education And Research

Pepperstone has plenty of online articles and trading guides. You can use them to enhance your knowledge of the forex market and to start putting together your first trading plans. Pepperstone also has plenty of online webinars. These webinars cover many important skills such as market analysis and risk management techniques. You can watch the webinars whenever you want, as they are available on demand.

Customer Support

The Pepperstone customer support team is great. They are quick to respond to questions and able to support you with any issues you may have with your account. You can contact them via live chat, email, or phone. You can also reach them online via the website.

Our Verdict

Pepperstone is a top-notch forex broker. They have great trading accounts and excellent online trading conditions. They provide a wide range of educational materials and trading tools. As such, Pepperstone makes sure you have everything you need to create and implement successful trading strategies. They also provide a safe trading environment and a good trading experience. In our opinion, they are a great choice for all traders.

Pepperstone Forex Broker FAQ

Ready to start trading? Register for an online trading account with Pepperstone here. Looking for more information? Check out our full forex broker list.

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