CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
TRADE NOW - Minimum Trade Deposit $200
Pepperstone is an online Forex trading and CFD broker that was established in Australia in 2010. It launched its services in the UK in late 2016, allowing both UK and European traders access to the award-winning support, state-of-the-art technologies, and spreads as low as 0.0 pips.
It’s a multi-award-winning company that prides itself on offering a highly personalised customer service experience and years of Forex trading knowledge and expertise.
Traders of all experience levels are welcome to open a real money or demo account, and there are several software platforms available.
The supported instrument types include currencies, commodities, CFDs, indices, and cryptocurrencies.
Reliability
The company has won nine international Forex industry awards to-date, including Best Intelligent Platform, Best ECN Broker Asia, #1 Overall Client Satisfaction, and Financial Services Growth Company of the Year.
The website uses advanced SSL encryption technology, and deposits all client funds into segregated client accounts held at Barclays (for UK customers) and the National Australia Bank (for Australian customers).
Negative balance protection is offered to retail clients, and the Financial Services Compensation Scheme (FSCS) may be able to compensate customers in the event that the forex broker becomes insolvent.
Trading Platforms
Pepperstone offers a choice of 11 trading platforms, including cTrader and MT4.
cTrader
cTrader boasts a user-friendly interface that can be customised using preset and detachable charts. There are also many other features and benefits that come with the cTrader platform such as automated trading and Level II pricing. You can either download the cTrader software to your desktop or use cTrader WebTrader to access your account using any web browser.
MetaTrader 4
The MetaTrader 4 platform is designed to give traders the edge in today’s busy trading environment by providing you with real-time charts, in-depth news and analytics, a range of indicators and order management tools, and live quotes. It’s available for Windows and Mac.
Mobile Platform
There are MT4 mobile apps for iPhone, iPad, and Android, as well as a mobile version of the cTrader trading platform.
Account Types
There is a range of account types to suit your trading needs, all of which offer cutting-edge technology, inter-bank pricing, fast execution speeds, and deep liquidity.
Edge Standard Account – the Edge Standard Account charges $0 commission and uses Institutional Grade STP spreads;
Edge Razor Account – the Edge Razor Account charges $3.5 commission per 100,000 units traded, and offers spreads from as low as 0.0 pips. The minimum amount required to open a Razor Account (which also offers a maximum leverage of 500:1) is $200 AUD;
Swap-Free – the Swap Free (Islamic) Account charges no commission and uses STP spreads;
Active Trader – the Active Trader account is designed for high volume and institutional traders, and offers spreads from as little as 0.0 pips;
Demo – You can get thirty days’ access to a practice trading account with $50,000 in demo funds.
Cryptocurrencies Trading
Five cryptocurrencies are currently offered across all of the company’s trading platforms, allowing you instant access to the crypto markets on mobile devices, laptops, and desktops. When you trade with Pepperstone, you don’t own the underlying currency. Instead, you are speculating on price movements.
The available cryptos are Bitcoin, Bitcoin Cash, Ethereum, Dash, and Litecoin.
Commissions and Spreads
A small commission is charged for Pepperstone Razor accounts, and spreads (during liquid times) can go as low as 0 pips on the EURUSD.
Deposits and Withdrawals Options
Making deposits and withdrawals is easy, and you can choose from the following payment options:
• Visa
• MasterCard
• Skrill
• Neteller
• Broker to Broker
• Bank Transfer
Regulations
The forex broker is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, and the Financial Conduct Authority (FCA) in the United Kingdom.
Pepperstone Ltd. is a limited company registered in England & Wales under Company Number 08965105.
TRADE NOW - Minimum Trade Deposit $200
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Customer Support
Customer support is via live chat, email, and telephone, 24 hours a day from Monday to Friday.
Support Telephone: +44 (800) 0465473
Support Email: [email protected]
Social Media Profiles: Facebook, Twitter, Google+, Instagram
Our Conclusion
Pepperstone offers very competitive FX spreads and fees, and there are many account funding options to choose from, with no minimum deposit to open an account. We especially like that Pepperstone have a Competitive commission-based pricing on the Razor Account and although limited they offer a choice of Four Cryptocurrency CFDs. Their trading platform is easy to use and the customer support is great and responsive.