In this Pepperstone review, you will get to know whether Pepperstone is a legitimate broker or not. That means you must clear up your mind about Pepperstone scams (if any). If there isn’t, then you’ll be able to make the right decision. Let’s discuss it further on.
OverviewPepperstone broker is based in Melbourne, Australia, and founded in 2010. Besides, Pepperstone is a non-dealing desk broker, meaning that it does not pass on order flow to market makers. Moreover, to target international customers, it also has its franchises that operate in the USA and China. Over the years, it maintains the quality of services and has won several awards and titles, as well. In 2014, BRW Magazine named Pepperstone Forex broker as ‘the fastest-growing company in Australia. It also has won the Governor of Victoria Export Awards in 2014. Also, it has got praised for providing the best services to the traders.
Pepperstone Broker RegulationsAs Pepperstone broker remains mainly based in Australia, it has undoubtedly been regulated there and in other parts of the world too. In Australia, the Pepperstone review shows the Australian Securities and Investment Commission (ASIC) regulates it. Under the registration number AFSL #414530, and in the UK, it is regulated by UK’s Financial Conduct Authority (FCA) under the license number FRN: 684312. Both of these regulatory bodies are highly strict with their laws and security assurance for the brokers to keep things highly safe for traders. For those traders based in the UK and the European Economic Area (EEA), they fall under the regulatory section of the Financial Conduct Authority. Their funds are insured with Lloyds of London and kept in tier 1 banks such as Barclays. For traders based in Australia and other parts of the world, ASIC looked after their legal interests. They kept in leading banks with security assurance in the National Australian Bank.
Reliability of Pepperstone BrokerAs we discussed above, Pepperstone Forex broker is an award-winning Forex broker, but it’s not all. Highly strictly, authorities also regulate it, which means it has been quite reliable for the traders. The Broker is the winner of several awards for customer service quality assurance. Summing up, it all makes Pepperstone broker one of the most reliable brokers yet.
Pepperstone Trading PlatformsAccording to the Pepperstone review, it provides multiple trading platforms to its traders and surely the prominent ones. They provide Meta Trader 4, cTrader, and Mobile Trading Platform. Let’s take a look to find out their capabilities:
Meta Trader 4 Trading PlatformPepperstone broker allows traders to use Meta Trader 4 as their trading platform, which is known, as the world’s most prominent trading platform. Many of the brokers around the globe adopt it. This Platform provides plenty of features like; it has a charting package with a wide array of technical indicators. As well as it has language-customization; this is why traders across the world in different countries with different languages widely use it. It does also allow auto trading. When using Expert Advisors (EAs) to help traders execute the trade when they’re manually not able to do it due to any reason. MetaTrader 4 is available in a desktop version and is available for different operating systems such as Windows, Linux, and macOS. If you’re a desktop user, this is the best choice of trading platform Pepperstone broker has provided for you.
cTrader Trading PlatformcTrader Ltd develops cTrader, and it is the innovation of technology in the trading world. FxPro adopted it, as we discussed in that article. Now it got approved by many trading brokers who are also offering ECN trading access to the traders, including Pepperstone. Pepperstone cTrader platform was designed to work up with two main functions; execute trades efficiently and comprehensive charting similar to the MT4 platform. It is easier to operate with its clean user interface and robust execution time trials that are the need for even the most demanding traders.
Pepperstone Mobile Trading PlatformPepperstone Forex provides a mobile trading platform through which you can trade anytime, anywhere in the palm of your hands. According to the Pepperstone review, most of the population is mobile-oriented these days, so it is a massive benefit from the Pepperstone broker for you. You won’t miss the features of the Pepperstone cTrader Platform and MT4 Platform, and you’ll be having everything on your Smartphone screen. This mobile-based application for trading is available on Google Play Store and Apple App Store for download.
Trading InstrumentsPepperstone review shows that it offers spot Forex trading and CFD trading. The Forex market is the largest market in the world that has the turnovers of more than $3 trillion per day. In Forex trading, trading activities gets focused on a few major currency pairs such as the EUR/USD and USD/JPY. For CFDs, trading cover several asset classes such as market indices, commodities, precious metals, the energy market, and, more recently, cryptocurrencies. Pepperstone broker allows around 13 CFDs to trade.
Account TypesThere are four different types that Pepperstone broker provides for trading; the standard account, the Razor account, the Swap-free or Islamic account, and the Active Traders account. Let’s see what each of them has got for you!
Standard AccountAccording to the Pepperstone review, the Standard Account offers commission-free trading with inter-bank rates. It also offers spreads from as low as 1.0 pips for the traders. The Standard Transfer Plan (STP) with liquidity from 22 different banks helps in executing a trade. The trading account also protects the negative balance and has automated risk management for your convenience. It also helps in keeping a safe environment for you.
Razor AccountPepperstone review shows that the Razor Account enables you to trade with raw spreads with as low as 0 pips. Also, the commission rate is around $3.5 per 100k traded. Start trading from 0.01 lots, and this account comes packed with capabilities such as advanced algorithms that route trades with lightning-fast execution speed. The minimum deposit required to open this account is 200 Australian Dollars.
Swap-free/Islamic AccountPepperstone’s Swap-free/Islamic Account traders are for those traders who wish to trade in the markets according to the Islamic Shariah Law of no “RIBA,” which means “No Interest.” So you can say this is an interest-free account. Trades are executed based on the STP model, with the average spreads of EUR/USD at 1 to 1.2 pips. It requires a minimum deposit of 200 Australian Dollars to open this type of account.
Active Traders AccountPepperstone’s Active Traders Account is for advanced traders who are always willing to perform high volume trades with convenience. According to Pepperstone's review, it is clear that this account has several more benefits. Included a dedicated account manager, advanced reporting, VPS Hosting, and custom solutions.
Withdrawals and DepositsPepperstone provides different ways for funds transfer, including major credit cards such as; Visa, MasterCard, eWallets, PayPal, China Union Pay, POLi, Neteller, QiWI, Broker to Broker, FasaPay and bank wire transfers. Moreover, Pepperstone reviews show that it never charges any deposits or withdrawals fees. Traders are still liable for any charges that banks or credit card companies imposed on them. To process a withdrawal request, the minimum time required is one business day to up to 7 business days.
Pepperstone Minimum Deposit AmountYou will not have to bear any minimum deposit by Pepperstone broker. It means that Pepperstone Forex is an ideal broker in case you want to trade with a smaller amount. If you want to start your journey in the Forex field, then the Pepperstone broker is the best to begin. You are allowed to add more funds to your account afterward as you acquire more understanding in supervising your investments. So, ultimately, the Pepperstone minimum deposit amount is 0%. Besides Pepperstone's minimum deposit amount, plenty of other factors are there that you need to consider while opening an account. Let’s have a look at some of the essential pros and cons.
- Pepperstone minimum deposit amount is 0%.
- It allows credit or debit card deposit.
- There is no deposit fee.
- None reported
Pepperstone Minimum Deposit Fees and Deposit MethodsAccording to the Pepperstone review, it does not charge any deposit fee. Pepperstone broker is terrific as it will never deduct anything from your deposits, and you only have to compute with the costs charged by the bank or any third party from you send the money. As there are no deposit fees at Pepperstone Forex, then the methods of deposit are most convenient for you too.
Pepperstone Deposit Methods vs. Similar Brokers
For the different methods, the average transfer times are:
- 2-3 days for the Wire transfer
- Instantly or it may take a few hours for the credit or debit card and online wallets