Pepperstone Broker Review
In addition to strong regulation, Pepperstone can boast the latest execution technology by working with the leaders in the industry, MetaTrader and cTrader. With both platforms available in the web browser and mobile app, traders can rely on instant access to the markets.
The firm heavily focuses on fast execution and excellent trading conditions, such as 0.0 spreads and multiple liquidity providers. All clients’ orders are filled automatically without broker intervention.
- Leverage 1:500
- Spreads from 0.0 pips
- Top-tier liquidity
- Over 100 trading pairs
- $200 minimum deposit
At Pepperstone, traders can enjoy a highly customizable trading environment with over 10 platforms, including the popular MetaTrader 4, cTrader, iPhone app and Android app.
Traders can choose to download and install an app or directly manage positions in a web browser.
The Pepperstone cloud-based WebTrader is based on the MT4 interface and gives you quick access to your MetaTrader 4 account without the need for downloads and installations. The web-based platform works extremely fast with one-click trading available; at the same time, you have all the charting tools on hand.
MT4 is the preferred platform for many traders around the globe, and of course, it is available at Pepperstone. You can rely on enhanced charting functionality to build your strategies and even automate your trading with EAs. The Expert Advisors build trading robots that automatically open, modify and close trades for you.
The cTrader platform is not as popular as the MT4, but it is also very powerful in terms of charting tools and speed of execution. Once you open a position, you can rely on sophisticated tools to manage orders quickly and efficiently. You can also benefit by trading with the cAlgo software that creates algorithm-based robots.
The MetaTrader 4 and cTrader platforms are both available for iOS and Android devices. You just need to download the app and login with your Pepperstone account to have quick access to the interbank top-tier liquidity.
To stay on top of the game, Pepperstone offers traders the best possible trading conditions. The broker works with pricing from over 20 banks and liquidity providers to offer 100% automated execution with no delays and no rejects.
When you open the Market Watch, there are over 100 pairs available for trading, including currency pairs, cryptocurrencies, commodities and indices.
Traders can use up to 1:500 leverage for every trading asset on the platform. The highest leverage (1:500) is offered for currencies, and the offer includes over 60 forex pairs. If you are willing to trade cryptocurrencies, such as Bitcoin and Litecoin, the leverage is limited to 1:5.
- Currencies 1:500
- Cryptocurrencies 1:5
- Commodities 1:500
- Indices 1:200
The spreads on major currency pairs start at 0.0 pips. The average EURUSD spread on a standard account is 1.16, and the GBPUSD spread is 1.49 on average. If you choose a Razor account, the average EURUSD spread is 0.16 pips.
Each pair has its own swap charge, which is measured on a standard 1.0 lot size. To check on the swap charge, just right click on the asset and go to “Specification”.
Traders can choose between a Standard account with higher spreads and zero commissions or a Razor account with higher commissions and spreads from 0.0 pips. For both accounts, the minimum required deposit is $200.
The accounts work on STP processing and are connected to some of the world’s largest liquidity providers to fill orders. This means traders can benefit from very low spreads while trading at Pepperstone.
The Razor account is popular with scalpers, while the Standard account is more suitable for beginners.
Deposits and Withdrawals
To fund your account, you can use MasterCard, VISA or choose from a number of e-wallets. Pepperstone works with some of the most popular e-wallets, including Skrill, Neteller, Qiwi and UnionPay. There are no internal fees for deposits or withdrawals.
You can also use a B2B transfer, which allows you to transfer funds between brokers. Pepperstone works with all of the major regulated brokers, which means you can make a direct transfer from another broker to your Pepperstone account.
Making a deposit via e-wallet works instantly, while withdrawals are usually approved and processed on the same day of the request.
At Pepperstone, you can rely on 100% dedicated support 24/5 via live chat and phone. The support representatives are extremely educated and can help you with any issue or requests you have.
Pepperstone also offers free webinars, the broker puts some real effort in educating new clients. All webinars are recorded and available on the website and YouTube.
- ECN broker
- ASIC Regulated
- FCA Regulated
- MT4 WebTrader
- No PayPal (in the UK)
- No Bitcoin payments
Currently, Pepperstone does not accept clients from the following countries: USA, Canada, and New Zealand.