Pepperstone review

Pepperstone review

5.6

Assets choice

4.8/10

Performance

7.7/10

Deposits & Withdrawals

2.2/10

Client support

9.0/10

Pricing

4.4/10

The main features

  • It was founded in 2010 in Melbourne.
  • Fully licensed and regulated by ASIC.
  • The company maintains offices in London, Melbourne, Dallas, Shanghai and Bangkok.
  • Pepperstone provides trading on 70+ trading instruments including FX, indices, commodities and CFDs.
  • Such accounts like EDGE Standard, EDGE Razor, EDGE Active Traders are available for opening.
  • MetaTrader 4, MetaTrader 5 and cTrader forex trading platforms can be used for trading.
  • Around-the-clock customer support: live-chat, phone, email.

General information

Pepperstone is an Australian forex and CFD broker, which provides access to the financial markets since 2010, headquartered in Melbourne. The company is regulated by the Australian Securities and Investment Commission (ASIC) in Australia.

It provides trading with more than 70 trading instruments including FX, metals, oil and indices.

Clients` funds are held on the segregated accounts separately from Pepperstone funds. The funds are stored in AA Rated banks.

Popular terminals  MetaTrader 4 and MetaTrader 5 are available for trading, as well as cTrader. MetaTrader 4 is available for desktop, Android, iOS devices and web. Pepperstone also offers third-party social trading platforms such as ZuluTrade and Myfxbook.

EDGE Technology

The main feature of the company is a special EDGE technology, which provides clients with quick execution and reduced spreads. The technology allows clients direct interbank trading using the popular trading platform of MetaTrader 4.

EDGE is equipped with the Pepperstone Price Improvement technology which delivers optimal prices and automatically executes client’s trades at the best price.

 Accounts and trading conditions 

The broker offers EDGE Standard and EDGE Razor accounts. Trading conditions are almost the same. The minimum deposit is 200 USD, the minimum volume of the transaction is 0.01 lot, the leverage is up to 500:1. Both accounts use EDGE technology.

The Standard account does not have a commission. Spreads on EUR/USD start from 1 points. To reduce risks while trading, the negative balance protection and automated risk management system are used on the Standard accounts. The Razor account offers interbank spreads, but there is a commission of $3.5 per side for 100k traded. The Razor account owners receive the best interbank liquidity.

The commission is indicated for one side of the transaction (that is, for opening or closing). The commission is standard for all currency pairs and does not depend on the base currency.

Except Standard and Razor accounts, broker offers the EDGE Swap-free accounts and the EDGE Active Traders ones with individual trading conditions.

Accounts can be opened in three currencies: the Australian dollar, the US dollar and the euro.

Analytics

There is a special section with news previews and market overviews, as well as an economic calendar. You can also get useful information on the forex basics, market analysis methods and many others in the «Education» section. Pepperstone regularly releases informative trading guides and holds webinars.

Affiliate programs

The broker offers several types of cooperation, among which are the «Introducing Broker» (IB) program, CPA. Such programs are suitable for bloggers, digital marketers and give the opportunity to earn a commission fee for every active trader they attract to the company.

At the moment Pepperstone offers its clients a Refer-a-Friend program for the clients who refer a new client. When referral makes a certain deposit and trades the required number of lots, the company deposits AUD $100 (or equivalent) into client`s trading account.

For individuals and companies that aspire to create their own business, Pepperstone provides White Labels and Regional Representative programs. The company welcomes the partnership with managing managers and offers MAM accounts (Multi Account Manager).

Deposits/Withdrawals

Deposit methods include the following ones: Visa, MasterCard SecureCode, credit and debit cards, bank transfer, various online payment programs such as Skrill, China UnionPay, BPAY and others, as well as Broker to Broker.

Withdrawals are made by completing the online withdrawal form. If a trader makes withdrawal by bank wire transfer, it usually takes 3-5 working days. There is no commission for deposits at Pepperstone. When withdrawing, a fee of the payment system is charged.

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