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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

4.1
/ 5

Pepperstone review

By azeshan
Updated on Sep 11, 2024
|
12 mins read

Overview

Choosing a broker is no easy feat. There are many brokers on the market and they all offer something unique. One name that often appears in reviews and...
See full overview for Pepperstone
Countries
+29
Devices
Max insured
Yes
Our Verdict
4.1
/ 5
Commissions & Fees
4
/ 5
Deposit & Withdrawal
3.9
/ 5
Customer Support
4.2
/ 5
Account Opening
4
/ 5
Regulation & Safety
4.6
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • Strong Regulatory Oversight

  • Fast Execution Speeds

  • Wide Range of Trading Instruments

  • Multiple Trading Platforms

  • Several Account Types

  • Good Educational Resources

Cons

  • Platform Complexity for Beginners

  • Limited Educational Resources for Advanced Traders

  • Limited Demo Account Access

General details

Type of accounts
Demo accounts (with a time limit)
Standard Accounts
ECN accounts
Swap free accounts
Segregated accounts
Execution Model
NDD
ECN
Deposit currency
USD
EUR
GBP
AUD
CHF
NZD
HKD
SGD
Regulatory complience
ASIC
FCA
BaFIN
CySEC
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Arabic
Vietnamese
Greek
Spanish
Italian
German
Portuguese
Thai
Autotrading
MQL.5 Signals cAlgo MT4 EA MT5 EA Myfxbook Autotrade Zulutrade DupliTrade
Contact details
[email protected] +1786 628 1209

Customer reviews

Read real reviews from traders all over the world:

P
Paul Davies
7 November 2022
Advantages: Affiliate Program Enhanced financial reporting capabilities Favorable trading conditions A large number of terminals One of the lowest commissions for replenishment of the trade balance and withdrawal of the received profit
Disadvantages: Delays in the withdrawal of earnings Terminal crashes and freezes Long-term verification
It is quite a good broker. Features convenient, the site is also not bad. By the way, I really like the analytical analyses in the morning and in the evening. There is training. And by the way, there is no minimum deposit for a beginner. The most pleasant is that the broker obviously tries, listens to its clients, develops.
B
Billy Bird
2 February 2022
Advantages: - The user can trade in real time without any restrictions and limits - It is easy to use and easy to navigate - Open deals quickly - The site has an intuitive interface - The app is available on multiple platforms - Allows users to trade from mobile phones, tablets or laptops.
Disadvantages: - NO PHONE SUPPORT or CUSTOMER SERVICE representatives.
I liked that PEPPERSTONE broker offers a wide range of trading products. I also liked the fact that they had low spreads and good leverage.
See all 7 customers reviews

Accounts

Type of Trading Accounts on Pepperstone

There are quite a few accounts on Pepperstone. This is part of the broker’s unique client offering, allowing traders to choose the best version for them. These accounts include:

  • Standard Account: This is Pepperstone’s most basic account type. It is the best account for beginners who want to trade with lower transaction costs. The account requires a minimum deposit of $200; its spreads start from 1 pip.
  • Razor Account: This account is designed for active traders and scalpers needing tight spreads and low commission charges. This account demands a minimum deposit of $200; its spreads start from 0 pips.
  • Swap-Free Account: This Islamic account is mainly designed for Muslim traders who follow Sharia law. Earning or paying interest is prohibited on this account as Sharia law dictates. This account does not charge any swap fees on overnight positions.
  • Demo Account: This account is designed to help first-time traders gain hands-on experience in the financial market without risking money. The account can be accessed for a limited period of 30 days.
Razor - Pepperstone
Swap-free account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
cTrader METATRADER 4 METATRADER 5
Deposit currency
USD
EUR
GBP
AUD
CHF
NZD
HKD
SGD
Trading instruments
Forex
1:400
1:400
1:400
1:400
Spread betting
Cryptocurrencies
Stop Out
20 %
Minimum position size
0.01 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
90 %
Commission
per 1 std. lot $3.50
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Standard - Pepperstone
Swap-free account
Availability of a VIP account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
cTrader METATRADER 4 METATRADER 5
Deposit currency
USD
EUR
GBP
AUD
CHF
NZD
HKD
SGD
Trading instruments
Forex
1:400
1:400
1:400
Spread betting
Cryptocurrencies
Stop Out
20 %
Minimum position size
0.01 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
90 %
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents

Tradable instruments

Tradable instruments on Pepperstone trading platforms include:

  • Shares
Currencies
N/A
Indices
N/A
Commodities
N/A
Cryptocurrencies
20
ETF
100

Frequently asked questions

Find the right answer to your question below.

Is Pepperstone a reliable broker?

Pepperstone is a reliable, reputable, and well-regulated broker. There should be no concerns around this broker in terms of reliability and quality. It is regulated by top tier bodies including ASIC, FCA, and CySEC. In addition, Pepperstone has many customer protection measures in place, especially around encryption and personal data protection. In addition, customer funds are segregated from company funds for even more peace of mind. 

While there is no broker that offers 100% perfection, Pepperstone has a solid reputation.

What trading platforms does Pepperstone offer?

Pepperstone offers MetaTrader 4 & 5 with various analytical tools and features. Additionally, the proprietary platform has a range of quality features, along with cTrader. There is an app available for on-the-go trading, which features many tools. 

However, many users believe that the platforms this broker offers are best suited for experienced traders. Beginner traders may struggle with the sheer number of features and tools available.

What are Pepperstone's spreads like?

Pepperstone offers competitive spreads but they depend on the account. The Standard Account has wider spreads but this account is commission-free. However, the Razor Account has tight spreads at 0.0 pips. This account charges a commission fee of $3.50 per lot per side. 

It’s a good idea to assess trading style before making a final choice and looking at forex spreads comparison tools.

Does Pepperstone offer demo accounts?

Pepperstone offers a demo account which is available for up to 30 days. During this time, $50,000 of virtual funds can be used for practice trading. Demo accounts are ideal for beginners who want to practice their skills and experiment with strategies. 

However, the limited time available with this demo account is a downside. Many other brokers offer longer validity periods or even unlimited lengths of time.

What customer support options does Pepperstone provide?

Pepperstone offers excellent customer support, available 24/7. This is available via live chat, email, and telephone. Additionally, the website has a very extensive FAQ section which answers many questions without the need to speak to anyone. Most users praise the fast response times and advice given to solve issues quickly. 

A big advantage of Pepperstone customer support is its multilingual availability.

Pepperstone compared with alternative brokers

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
Pepperstone
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • 4.1
    / 5
  • 3.9
    / 5
  • N/A
  • N/A
  • 4
    / 5
  • N/A
  • N/A
  • 4.6
    / 5
  • ASIC, BaFIN, CYSEC, FCA
  • Yes
  • See review
  • 3.9
    / 5
  • 3.6
    / 5
  • N/A
  • N/A
  • 3.9
    / 5
  • N/A
  • N/A
  • 4.8
    / 5
  • Yes
  • No
  • See review
Forex.com
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Start trading
Risk Warning
  • 4.2
    / 5
  • 4.5
    / 5
  • 100$
  • 1:50
  • 4
    / 5
  • $0
  • $0
  • 4.5
    / 5
  • FCA, CFTC, NFA, CIRO, CIMA, CYSEC
  • Yes
  • See review
  • 4.1
    / 5
  • 4.3
    / 5
  • N/A
  • N/A
  • 4.2
    / 5
  • N/A
  • N/A
  • 4
    / 5
  • N/A
  • Yes
  • See review
  • 4.1
    / 5
  • 4.2
    / 5
  • 0$
  • 1:400 (1:30 for EU)
  • 3.9
    / 5
  • 0$
  • 0$
  • 3.9
    / 5
  • FCA
  • Yes
  • See review
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