Pepperstone Review

pepperstone review
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Pepperstone is a trusted trading platform based in Australia

  • Minimum Deposit: $200
  • Accept US traders: No
  • Our Rating: 4.5/5
Promo: Quantas Points » Sign up now

Broker founded in 2010 and based out of Australia, Pepperstone is one of the forerunners in the online broker business mostly thanks to its innovative and intuitive trading platform among other benefits.

But of course, with most traders, all that counts for nothing if it is not licensed by a recognized government agency.

Fortunately, Pepperstone’s services are licensed and regulated by the Australian Securities & Exchange Commission. All operations are run online. Headquarters are located in Melbourne with additional branches in Dallas, Texas, and Shanghai.

How important is Pepperstone in the online trading community? Quite a big deal actually. In 2014, it was named by the BRW magazine as the fastest growing company in Australia and was also a winner at the Governor of Victoria Export Awards.

Pepperstone Trading Accounts

Pepperstone allows traders to manage multiple accounts. The Edge standard account is designed for regular traders. It contains Institutional Grade STP Spreads and is free of any commissions.

Meanwhile, the Edge Razor account is for more EA and advanced traders. It has Raw ECN spreads from .1 pips. The commission rate for this type of account is $3.5 per 100k trade.

The Pepperstone Platinum account is meant for active traders and institutional partners of the broker. The Platinum account is so called as it offers an improved range of services and execution of ECN EDGE.

Muslim traders have access to an Islamic account where the swap rate is activated whenever positions are being held overnight without generating any interest in the forex trades.

Finally, there is the demo account which allows you try out the services of the broker without actually risking your own money. This makes a broker so much more accessible to novice traders hoping to learn how the game is played. What’s more, Pepperstone’s demo account uses the famed MT4 trading platform.

As mentioned earlier, you can manage multiple accounts at the same time, in which case you can make use of Pepperstone’s Multi Account Manager. Moreover, each account allows you to trade a diverse array of trading assets from currencies to commodities and even soft commodities.

Pepperstone’s Main Features

We have mentioned the Edge environment a few times now and it is one of Pepperstone’s most attractive features. It is actually the most the advanced assimilation of forex technology in the world. It has the capacity to execute trades at light speed while keeping the accompanying spread as fat as a piece of fine string. What’s more, traders can use the EDGE environment to trade ECNs on the MT4 platform directly.

Another crucial benefit afforded by the EDGE environment is an uncanny level of market depth, a definite clincher for forex traders. Any given block order or scalping goes into the market with best possible price efficiency.

Moving on to Pepperstone’s electronic trading system, it has been formed out of a collaboration between the broker and Equinix – a NASDAQ listed firm – and features a state of the art infrastructure for forex trading.

Pepperstone also gives access to several auto trading and social trading systems such as MyFXBook, AutoTrade, RoboX, MirrorTrade, ZuluTrade, and MT4 signals, all of which allow you to accurately copy systems of other traders.

The minimum initial deposit for opening an account with Pepperstone is $200 with leverage going up to 1:400.

A lot of brokers will require you to download and install their platform before using it. But Pepperstone Webtrader allows you direct access to your MT4 account with no prior need for a download or installment. The platform is compatible with most of today’s major operating systems like Mac, Windows, Linux, and OSX.

Deposits/Withdrawals

You can make deposits to your Pepperstone account with a variety of payment options such as credit/debit cards, bank wire transfers, and of course online applications like Neteller, Skrill, WebMoney, and Qiwi.

To make a withdrawal, you must first fill in a withdrawal form online. Withdrawals made via bank wire transfer usually take between 3 to 5 days to be processed.

Conclusion

As a broker, Pepperstone really does bring a lot to the table. Not only does it allow traders to use the very latest in forex trading technologies, it is also backed by a 24-hour customer support team that communicates with clients in multiple languages. It is about as good as a broker gets these days.

Broker Name Pepperstone
Regulation CYSEC, ASIC
Website www.pepperstone.com
pepperstone Minimum Deposit $200
Minimum Trade $1
Depositor Bonus None
Maximum Payout n/a
Free Demo Account 30 Day Practice Trading Account

Page Updated: April 18, 2018

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