XM Banner
Scroll up
pepperstone-logo

Pepperstone

Forex broker
filled-star-icon filled-star-icon filled-star-icon filled-star-icon empty-star-icon
75.2% of retail CFD accounts lose money

About

Pepperstone is an online forex and CFD (contract for difference) broker, founded in 2010 in Melbourne, Australia. The company offers a range of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, as well as a variety of trading instruments, such as forex, stocks, indices, commodities, and cryptocurrencies.

This broker is known for its fast trade execution speeds, competitive pricing, and award-winning customer service. The company has won numerous awards for its services, including the "Best Forex ECN Broker" award from the UK Forex Awards in 2020.

It is regulated by top-tier financial authorities, such as the Australian Securities and Investments Commission (ASIC) and the UK Financial Conduct Authority (FCA). The company also adheres to strict regulations to ensure the safety of its clients' funds.

In addition to its trading services, Pepperstone offers educational resources, market analysis, and a range of account types to cater to different trading styles and needs. Overall, Pepperstone is a reputable and reliable forex and CFD broker, suitable for both novice and experienced traders.

Regulation and Security

Pepperstone is an online forex and CFD broker that is regulated by several financial authorities around the world, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK. These regulatory bodies are responsible for overseeing and supervising the activities of Pepperstone to ensure that they comply with relevant laws and regulations.

As a regulated broker, Pepperstone is required to implement a range of security measures to protect its clients' funds and personal information. These measures include:

Segregated client funds Clients' funds are kept in segregated accounts, separate from its own operating accounts, to ensure that clients' money is protected in the event of the broker's insolvency.

SSL encryption SSL encryption technology is used to ensure that all client data is transmitted securely over the internet.

Two-factor authentication Pepperstone offers two-factor authentication to its clients to provide an extra layer of security when logging into their accounts.

Anti-money laundering (AML) and know-your-customer (KYC) policies Robust AML and KYC policies are implemented to prevent money laundering and to ensure that it knows its clients.

Risk management tools A range of risk management tools are offered to help its clients manage their trading risk, including stop loss orders, take profit orders, and negative balance protection.

Overall, Pepperstone is a reputable broker that is regulated by respected financial authorities around the world. The broker takes its regulatory obligations seriously and has implemented a range of security measures to protect its clients' funds and personal information.

Fees

Pepperstone offers competitive trading fees. Here are some of the fees that you may encounter while trading with Pepperstone:

Spreads The spreads for forex and CFDs vary depending on the asset being traded. The average spread for major forex pairs is around 0.16 pips, and for CFDs it can be as low as 0.09 pips.

Commission Pepperstone charges a commission for trading some CFDs. The commission varies depending on the asset being traded and can be as low as $0.04 per share.

Overnight Financing Pepperstone charges overnight financing for holding CFD positions overnight. The financing rate is based on the interbank rate of the currency in which the CFD is denominated.

Inactivity Fee If you do not trade for a period of 6 months or more, Pepperstone will charge an inactivity fee of $15 per month.

Fees can vary depending on your account type, location, and the platform you use to trade. Therefore, it's always a good idea to check the current fee schedule on the Pepperstone website before opening a trading account.

Tradable Assets

Pepperstone is an online forex and CFD broker that offers a range of tradable assets across multiple markets. Here are the most popular tradable assets available on Pepperstone:

Forex Over 60 currency pairs, including major, minor, and exotic pairs are offered.

Indices A range of indices from around the world, including the US, UK, Europe, Australia, and Asia.

Commodities Pepperstone offers a range of commodities such as gold, silver, oil, and natural gas.

Cryptocurrencies Trading on cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple is available.

Stocks CFD trading on a range of stocks from major exchanges such as the NYSE, NASDAQ, LSE, and ASX is offered.

Bonds Pepperstone offers trading on government bonds, such as US Treasury bonds and UK gilt-edged securities.

The availability of specific assets may vary depending on your location and regulatory restrictions. Before trading any asset, it's important to fully understand the risks involved and seek independent financial advice if necessary.

Trading Platforms

Pepperstone offers several trading platforms to cater to the needs of different types of traders. Here are the main trading platforms available on Pepperstone:

MetaTrader 4 (MT4) The most popular trading platforms in the world, offering advanced charting, technical analysis tools, and automated trading options. MT4 is available for desktop, web, and mobile devices.

MetaTrader 5 (MT5) The successor to MT4 and offers more advanced features, such as additional order types and timeframes. MT5 also supports more markets, including stocks and futures. MT5 is available for desktop, web, and mobile devices.

cTrader This is an ECN trading platform that offers advanced charting, order execution, and depth of market information. It is known for its transparency and fast order execution speeds. cTrader is available for desktop, web, and mobile devices.

WebTrader A web-based platform that allows traders to access their accounts and trade from any web browser without the need to download any software. WebTrader is available for both MT4 and MT5.

Mobile Trading Apps Pepperstone offers mobile trading apps for both iOS and Android devices. The apps provide traders with access to their accounts, real-time pricing, charting, and order management.

Not all trading platforms may be available in all regions or for all account types. Traders should also consider the features and capabilities of each platform before choosing the one that best suits their trading needs.

Account Types

Pepperstone offers two main account types for traders, depending on their trading needs and experience:

Standard Account This is the most popular account type and is suitable for most traders. It offers tight spreads, no commission fees, and access to the full range of trading platforms and tools. Standard accounts can be denominated in several currencies, including USD, EUR, AUD, GBP, CHF, JPY, and CAD.

Razor Account This account type is designed for traders who require the lowest possible spreads and are willing to pay a commission fee for their trades. The Razor account offers institutional-grade pricing with spreads as low as 0.0 pips, but with a commission fee of $3.50 per side per 100k traded. Razor accounts are also available in multiple currencies.

Both account types offer leverage up to 500:1 for forex trading and up to 200:1 for other instruments, such as indices, commodities, and cryptocurrencies. Traders can also choose from a range of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader.

Pepperstone also offers a demo account for traders to practice trading strategies and test out the trading platforms without risking real money. The demo account is available for both the Standard and Razor account types.

Educational Tools

Pepperstone provides a range of educational resources to help traders improve their skills and knowledge. Here are some of the educational tools available on Pepperstone:

Trading Guides Pepperstone has a range of trading guides covering topics such as forex trading, CFD trading, technical analysis, and risk management. These guides are available for free on the Pepperstone website.

Webinars Pepperstone regularly hosts webinars on various trading topics, including market analysis, trading strategies, and risk management. The webinars are presented by experienced traders and industry experts and are available for free to Pepperstone clients.

Video Tutorials Pepperstone provides a range of video tutorials covering various trading topics, including how to use trading platforms, how to analyze the markets, and how to develop trading strategies.

Economic Calendar Pepperstone offers an economic calendar that provides traders with up-to-date information on upcoming economic events and their potential impact on the financial markets.

Market Analysis Pepperstone conducts regular market analysis and commentary, including daily and weekly market outlooks, technical analysis reports, and fundamental analysis reports.

Trading Tools Pepperstone offers a range of trading tools to help traders manage their trades and risk, including the Smart Trader Tools suite, which includes advanced order management, automated trading tools, and technical analysis tools.

Overall, Pepperstone offers a range of educational resources to help traders improve their trading skills and knowledge, which can be beneficial for both beginner and experienced traders.

Customer Support

Customer support is working 24 hours a day, five days a week. Here are some of the customer support options available on Pepperstone:

Live Chat Pepperstone offers live chat support directly on its website. Traders can connect with a support agent in real-time and get their questions answered quickly.

Phone Support Pepperstone provides phone support for traders who prefer to speak with a support agent over the phone. The phone support is available in multiple languages.

Email Support Pepperstone also provides email support for traders who prefer to communicate via email. Traders can send an email to the support team, and they will receive a response within 24 hours.

Support Center Pepperstone has a comprehensive support center on its website, which includes frequently asked questions, trading guides, and video tutorials. Traders can search the support center for answers to their questions or browse through the resources to learn more about trading.

Social Media Pepperstone is active on social media platforms, including Twitter, Facebook, and LinkedIn. Traders can connect with Pepperstone on social media to get updates on market news and events, as well as to receive support.

Bonus and Promo

Pepperstone does not currently offer any deposit bonuses or promotions to its clients. The broker follows strict regulatory guidelines, and bonuses are generally seen as a way to incentivize traders to take on more risk, which goes against the broker's mission to provide a transparent and safe trading environment.

Instead of offering bonuses and promotions, Pepperstone focuses on providing a competitive trading environment with low spreads, fast execution, and a range of trading platforms and tools to help traders succeed in the financial markets. The broker also offers excellent customer service and educational resources to help traders improve their skills and knowledge.

While deposit bonuses and promotions can be tempting, they often come with terms and conditions that can be difficult to meet, such as high trading volume requirements. Traders should focus on finding a broker with a strong reputation, competitive trading conditions, and a commitment to transparency and safety.

Account Opening

Opening an account with Pepperstone is a straightforward process. Here are the steps to open an account:

1 - Visit the Pepperstone website Start by visiting the Pepperstone website (www.pepperstone.com) and clicking on the "Open Live Account" button.

2 - Choose an account type Pepperstone offers a range of account types, including the Standard account, Razor account, and Swap-Free account. Choose the account type that best suits your trading needs.

3 - Fill out the application form Fill out the online application form with your personal information, including your name, email address, and phone number.

4 - Verify your identity Pepperstone requires all traders to verify their identity and address. You can do this by uploading a copy of your passport or ID card, as well as a utility bill or bank statement that shows your name and address.

5 - Fund your account Once your account has been approved, you can fund your account using a range of payment methods, including bank transfer, credit card, and online payment systems.

6 - Start trading Once your account has been funded, you can start trading on the platform of your choice, using the trading tools and resources provided by Pepperstone.

Pepperstone is regulated by top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA), so you can be confident that your funds are safe and secure.

Deposit and Withdrawal

Pepperstone offers a range of deposit and withdrawal options to its clients. Here's an overview of the available methods:

Deposits:

Bank Transfer You can fund your Pepperstone account via bank transfer. The minimum deposit amount varies depending on the currency you choose.

Credit/Debit Cards Pepperstone accepts Visa and Mastercard credit and debit cards. The minimum deposit amount varies depending on the currency you choose.

Online Payment Systems Pepperstone supports a range of online payment systems, including PayPal, Neteller, Skrill, and UnionPay. The minimum deposit amount varies depending on the currency you choose.

Withdrawals:

Bank Transfer You can withdraw funds from your Pepperstone account via bank transfer. Withdrawals usually take 3-5 business days to process.

Credit/Debit Cards You can withdraw funds from your Pepperstone account to your Visa or Mastercard credit or debit card. Withdrawals usually take 3-5 business days to process.

Online Payment Systems You can withdraw funds from your Pepperstone account to your PayPal, Neteller, Skrill, or UnionPay account. Withdrawals usually take 1-2 business days to process.

Pepperstone does not charge any deposit or withdrawal fees, but some payment providers may charge fees. The broker also has strict anti-money laundering (AML) policies, and clients may be required to provide additional documentation to verify their identity before making a withdrawal.

Spreads

Pepperstone offers competitive spreads on its range of trading instruments. Spreads refer to the difference between the bid price and the ask price of a financial instrument, and they represent the cost of trading. Here's an overview of the typical spreads offered by Pepperstone:

Forex Pepperstone offers low spreads on major currency pairs, with the typical spread on EUR/USD starting from 0.0 pips on the Razor account and from 1.0 pips on the Standard account. The broker offers leverage up to 500:1 on forex trading.

Indices Pepperstone offers spreads starting from 0.3 pips on some of the most popular indices, including the UK 100, US 30, and Germany 30. The broker offers leverage up to 200:1 on index trading.

Commodities Pepperstone offers low spreads on a range of commodities, including gold, silver, and oil. The typical spread on gold starts from 0.16 pips on the Razor account and from 0.5 pips on the Standard account. The broker offers leverage up to 500:1 on commodity trading.

Cryptocurrencies Pepperstone offers spreads starting from 0.5 pips on some of the most popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The broker offers leverage up to 5:1 on cryptocurrency trading.

Stocks Pepperstone offers trading in a range of global shares, including popular stocks such as Apple, Amazon, and Facebook. The spreads on share trading with Pepperstone vary depending on the stock and the account type you choose. Here's an overview of the typical spreads:

On the Standard account, the typical spread on US shares is around 0.10 USD per share, while the typical spread on UK shares is around 0.08 GBP per share.

On the Razor account, the spreads are generally lower, with the typical spread on US shares starting from 0.02 USD per share and the typical spread on UK shares starting from 0.06 GBP per share.

Spreads can vary depending on market conditions and liquidity, and there may be additional costs involved in trading shares, such as overnight financing charges and commission fees. However, overall, Pepperstone offers competitive spreads and transparent pricing, which makes it a popular choice among traders looking to trade shares on margin.

Leverage

Pepperstone offers leverage on its trading instruments, which allows traders to amplify their trading positions with a smaller initial capital investment. The maximum leverage offered by Pepperstone varies depending on the instrument and the regulatory requirements in your jurisdiction. Here's an overview of the maximum leverage offered by Pepperstone:

Forex Pepperstone offers leverage up to 500:1 on forex trading. However, the maximum leverage available may be lower depending on the jurisdiction you are trading from.

Indices Pepperstone offers leverage up to 200:1 on index trading. The maximum leverage available may be lower depending on the jurisdiction you are trading from.

Commodities Pepperstone offers leverage up to 500:1 on commodity trading. However, the maximum leverage available may be lower depending on the jurisdiction you are trading from.

Cryptocurrencies Pepperstone offers leverage up to 5:1 on cryptocurrency trading. The maximum leverage available may be lower depending on the jurisdiction you are trading from.

While leverage can magnify profits, it can also magnify losses, and trading with high leverage carries a higher risk. Therefore, it's important to manage your risk carefully and ensure you have a solid understanding of leverage and its implications before trading with leverage. Additionally, regulatory requirements may differ depending on your jurisdiction, and it's important to understand the rules and regulations that apply to your trading account.

Trading Hours

Pepperstone offers trading on a range of financial instruments across various markets, and the trading hours can vary depending on the instrument and the exchange it's traded on. Here's an overview of the trading hours for some of the most popular instruments offered by Pepperstone:

Forex Forex trading is available 24 hours a day, 5 days a week, from 22:00 GMT on Sunday until 22:00 GMT on Friday.

Indices Trading hours for indices vary depending on the market and the exchange it's traded on. For example, the UK 100 index is available for trading from 01:00 GMT until 21:00 GMT, while the US 30 index is available for trading from 01:00 GMT until 22:00 GMT.

Commodities Trading hours for commodities also vary depending on the market and the exchange it's traded on. For example, trading hours for gold are from 22:01 GMT on Sunday until 21:00 GMT on Friday, while trading hours for oil are from 01:00 GMT on Monday until 21:00 GMT on Friday.

Cryptocurrencies Trading hours for cryptocurrencies are available 24/7.

Stocks Pepperstone offers trading in a range of global stocks, and the trading hours can vary depending on the stock and the exchange it's traded on. Here's an overview of the trading hours for some of the most popular stocks offered by Pepperstone:

US Stocks: Trading hours for US stocks are from 14:31 GMT until 20:59 GMT, Monday to Friday.

UK Stocks: Trading hours for UK stocks are from 07:01 GMT until 15:29 GMT, Monday to Friday.

German Stocks: Trading hours for German stocks are from 08:01 GMT until 15:59 GMT, Monday to Friday.

Trading hours listed above are subject to change based on market conditions and holidays, and the specific trading hours may vary depending on your jurisdiction and the account type you have with Pepperstone. Therefore, it's always a good idea to check the trading hours for the specific stock you want to trade before placing a trade.

Advantages

Regulated broker Pepperstone is regulated by top-tier financial regulatory authorities such as the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK. This means that traders can have confidence that Pepperstone is operating under strict regulatory oversight.

Low spreads and commissions Pepperstone offers competitive spreads and low commissions, which can help traders save money on trading costs.

Wide range of trading instruments Pepperstone offers a wide range of trading instruments, including forex, commodities, cryptocurrencies, and indices, which can provide traders with many opportunities to diversify their portfolios.

Advanced trading platforms Pepperstone offers access to advanced trading platforms such as MetaTrader 4 and 5, as well as cTrader, which can provide traders with powerful tools for analysis and trading.

Educational resources Pepperstone offers a variety of educational resources, including webinars, trading guides, and market analysis, which can help traders develop their skills and knowledge.

Disadvantages

Limited research and analysis tools While Pepperstone offers some research and analysis tools, such as market analysis and economic calendars, they may not be as extensive as those offered by other brokers.

Limited customer support Some traders have reported experiencing slow customer support from Pepperstone, which can be frustrating for those who need quick assistance with their accounts.

Limited funding options Pepperstone offers limited funding options, with only bank transfers and credit/debit cards available for deposits and withdrawals. This may not be convenient for all traders.

Limited social trading options Pepperstone does not offer social trading features, such as copy trading or social trading platforms, which may be a drawback for traders who prefer to follow other traders' strategies.

Limited asset selection While Pepperstone offers a wide range of trading instruments, there are some assets that are not available, such as individual stocks, which may be a drawback for traders who want to trade these assets.

Summary

$0
Minimum Deposit
30:1
Maximum Leverage
FCA / BaFIN / CySEC / ASIC / DFSA / CMA / SCB
License
Visa / Mastercard / Bank transfer
Deposit / Withdrawal Options
TradingView / MetaTrader 4 / MetaTrader 5 / cTrader
Trading Platform
Razor / Standart
Accounts
From 0.0 pips
Spreads
Forex / Index CFDs / Dividends for Index CFDs / Dividends for Share CFDs / Share CFDs / ETF CFDs / Commodities / Cryptocurrencies / Currency index CFDs
Tradable Assets
Barclays / HSBC
Liquidity Provider
30ms - 60ms
Order Execution
Yes
Affiliate Program
Yes
MAM/PAMM Account
Yes
Mobile Trading
24/5
Client Support
Please note that trading carries risks, and traders should always conduct their own research and risk assessment before opening an account with any broker.

Contact Information

www.pepperstone.com

support@pepperstone.com

00357 25 030573

Myronos Street 3, 3035, Limassol, Cyprus