What is Pepperstone and Who Are They?
Pepperstone is a broker that is owned by the Australian company Pepperstone Group Limited. The broker was founded in 2010 and has rapidly become one of the largest forex and CFD providers globally.
This broker has obtained licenses and is regulated by multiple tier-one regulatory bodies, therefore they are safe to trade with.
For traders, this means that their investments are safe and their rights are protected, as long as the traders themselves are under their country’s license. Due to the licenses that this broker has obtained, their services are available globally.
Please take the time to read this comprehensive analysis of authorized brokers like FXTM Broker, Plus500, and XM Broker
Pros and Cons of Pepperstone
This broker has provided its clients with a healthy trading environment with tons of educational material and very low fees.
Aside from the somewhat high deposit requirement of $200 and the demo account is limited to 30 days, there are not too many drawbacks to using this broker for your trading needs.
|Fully digital and fast account opening||Demo Account is only available for 30 days|
|Licensed by tier-one regulators||Somewhat high deposit requirement ($200)|
|Services available globally|
|The educational section is filled with quality material|
|The majority of clients have negative balance protection|
|Very low fees|
|Regulation||ASIC, FCA, DFSA, SCB, CySEC, BaFIN|
|Platforms||MetaTrader4-MetaTrader5, Tradingview, cTraader|
|Instruments||Indices, Commodities, Shares, Energy, Crypto, Metals|
|EUR/USD Spread||0.77 pips|
|Base Currencies||AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF and GBP|
|Customer Support||24 hours a day, five days a week|
Are Traders Safe at Pepperstone? – Regulation and Securities
There are a number of things that traders should be on the lookout for when choosing a broker. The first is whether the broker they are looking at is licensed by a tier-one regulatory body that is local to them. Generally, if this is the case you should be safe investing with the company you have selected.
Pepperstone has licenses from the following regulatory bodies:
This means that clients from Australia (ASIC), the EU (BaFIN, CySEC) Dubai (DFSA), and the UK (FCA) are all covered by the jurisdiction of tier-one regulatory bodies.
It should also be noted that this broker has an SCB license as well, which is located in the Bahamas as their offshore branch.
Pepperstone Available Account
Pepperstone offers two account types, Standard and Razor. Both these accounts offer high-quality trading experiences and comprehensive features that will satisfy anyone from novice to seasoned pro.
This account type is recommended for beginner traders. The Standard account offers a $0 commission basis with spreads starting at 0.6 pips.
The Razor account is recommended for professional traders as it is commission based, with commissions starting at $3.5 and spreads starting from 0.0 pips.
Both account types offer virtually the same trading options and a suite of comprehensive tools for traders; however, the Standard account type is more beginner-friendly.
It should be noted that both account types have a minimum deposit of $200.
Pepperstone Available Trading Instrument
Clients of the Pepperstone broker can choose between the following instruments to invest in:
- Brookfield Renewable
- Nextera Energy
Deposits and Withdrawals at Pepperstone
One of the most important things to look at is the broker’s terms for deposits and withdrawals. Scam brokers will often try to have their clients deposit their funds via crypto, which is very dangerous for the client because if any issue should arise, their funds are gone for good.
Luckily this broker provides legitimate ways for their clients to deposit their funds:
- Credit/Debit Cards
- Local Bank Deposit
- Wire Transfer
The listed payment methods are standard in this industry and are a safe way of depositing your funds. Our suggestion is to deposit your funds via credit card whenever possible due to the fact that this method is eligible for a chargeback if there are any issues.
The withdrawal methods that the broker provides match the deposit methods one for one (another good sign). Withdrawing your funds from your account with Pepperstone is quite easy:
- Select the withdraw funds tab
- Enter the amount you wish to withdraw
- Select the method which you would like to use
- Complete the withdrawal form
- Confirm that you would like to withdraw your funds
Pepperstone Offers Bonus
We found two active bonus/promotional offers on the Pepperstone website. One is a referral program where users can refer a friend in order to gain 20 commission-free trades, this applies to the Standard account.
The Pro account also has this promo but the website does not disclose what exactly the reward for Pro account users is.
The second promotion that is active on their website is the Active Trader rewards program. This, in essence, offers a discounted commission fee on trades for traders that make over 200 trades per month. These clients are entitled to a reduced spread of 10%.
Those with 200-1500 trades within a month get reduced spreads by 20% and any amount of trades above 1500 reduces spreads by 30%.
Pepperstone Trading Platforms Available
The trading platform that the broker provides is the deciding factor for many traders in choosing the licensed broker that they will use to make their investments.
This is another segment where Pepperstone comes out on top. This broker uses industry-standard software like MetaTrader4, MetaTrader5, and cTrader.
Web Trading Platform
The WebTrader version of the MT4 and MT5 software features a full version of the software accessible from your web browser from virtually any device.
This allows traders to get the full experience even if they are not at their desktop computers and does not limit them to a smaller selection of tools.
Desktop Trading Platform
The desktop trading software cTrader is perfect for investors that prefer to make use of algorithmic logic when placing their trades in a fast-paced market. The cTrader software is often praised for being very innovative.
Mobile Trading Platform
Much like the desktop and WebTrader clients are free to choose between MT4, MT5, and cTrader. All options have a number of upsides as they are both industry standard trading platforms, and it really does come down to individual preferences and needs.
Available Customer Support at Pepperstone
Is Pepperstone a good broker when it comes to customer support? This is where they really shine. Pepperstone reviews often mention the high quality of customer support that this broker provides.
Another plus in this segment for this broker is that they have provided their clients with three ways for them to request the support that they need:
- Live chat – quickest/ most responsive
Clients can reach out to Pepperstone customer support staff 5 days a week 24 hours a day, and they will receive a timely response, especially with the live chat feature that this broker offers.
Pepperstone Research and Education
A clear indication that a broker cares about its clients beyond customer support is the educational material that they provide, and Pepperstone handles this quite well.
Under the analysis tab of the broker’s website, clients are given access to a wealth of educational and research resources. These resources include the following:
- Educational videos
- Educational articles
- Trading platform tutorial
- Trading glossary
- Demo account
With all of these resources available, pro traders can refresh some of their knowledge, and novice traders have a clear-cut path toward learning all of the things necessary for successful trading.
A downside to the Pepperstone educational system is the fact that the demo account is limited to 30 days. However, 30 days should be plenty of time for traders to see if the provided platform suits their trading needs.
Traders looking for a broker that is regulated by tier one regulatory bodies that provide healthy trading conditions with a comprehensive suite of tools, as well as educational material, should take a look at Pepperstone.
This legitimate broker clearly invests in their clients and this can be seen by the large number of educational resources they provide regardless of the level of experience the client has.
Another segment where the Pepperstone broker shines is the quality customer support that they provide their clients through multiple channels.
All in all, this broker provides a safe way for clients all over the world to make their investments by complying with the regulations of tier-one regulatory agencies.
FAQs About Pepperstone Broker
Is My Money Secure with Pepperstone?
If you are in one of the tier-one regulator jurisdictions your funds are perfectly safe with this broker.
What is Pepperstone's Required Minimum Deposit?
The minimum deposit that this broker requires is $200.
How Much Does Pepperstone Charge per Trade?
This is dependent on the account type that the client selects, but the fees charged by the broker are generally pretty low, as well as the spreads.