Pepperstone Forex Broker Review

Pepperstone is a Forex broker established in Australia in 2010.
The broker has stayed long enough and has basked in its incredible advancement rate since its establishment.

It claims it has grown its customer base to over 57,000 in less than a decade, following a standard day-to-day trading size of $12.55 billion.
Rigid spreads and rapid execution speeds formulate this broker a terrific preference for scalpers and automated trading solutions.
It avails access to over 150 assets from 3 trading platforms.

pepperstone forex broker review

And in 2015, it established an office in London to aid in providing services to its European citizens.

 

Pepperstone Forex Broker Trading Platforms

This broker gives the MetaTrader 4, MetaTrader 5, and cTrader trading currency top platform.

All 3 trading platforms aid automated trading solutions having the MT4 trading platform excelling in this category.

The MT5 platform has been limitedly thriving as it requires a backward-compatibility with the prevailing MT4; it promotes a superior user-interface, although traders are yet to take in the MT5 platform as a valuable platform option.

It also offers over 60 currency pairs, cryptocurrencies, share CFDs, gold, silver, and more commodities for a client’s private investment and trading options.

 

What Pepperstone Broker says It Offers

Pepperstone offers 3 fairly distinct features;

  • The Smart Trader Tools
  • The cTrader Automate
  • The extensive selection of social trading partnerships.

All three offer an excellent upgrade to essential services and show how committed Pepperstone is to present the best trading conditions to its traders.

Although Pepperstone lacks a proprietary setting, it offers virtually all third-party platform a client could always wish for.

 

Pepperstone Forex Broker Account Types

Pepperstone assigns 2 pricing prototypes which depend on the account type a client creates, varying from the commission-based Razor Account to the Standard Account and this integrates commissions into the prevailing spreads.

Fees are likely to also differ slightly, depending on the platform a client chooses to trade with.

  • Razor Account:
    The Razor Account could be utilized with either the MetaTrader (MT4) or cTrader platforms and if it attends a commission-based pricing pattern in addition to prevailing spreads.
    Regular spreads of 0.16 pips on the EUR/USD in the Razor Account (as of October 2019) are comparable to industry peers when factoring in the commission of 0.753 pips to calculate the all-in cost of 0.91 pips on MT4 (or 0.86 pips on cTrader).
  • Standard Account:
    The standard account is commission-free even eve it has outstanding spreads rather and is not as competitive as the Razor Account, as average spreads on the EUR/USD are 1.13 pips (Q3 2019), according to Pepperstone.

 

Pepperstone Forex Broker Trading Platforms

Pepperstone charges no deposit or withdrawal fees.
Deposit methods:

  • Bank transfer
  • Credit/debit cards
  • PayPal
  • Neteller
  • Skrill
  • POLi
  • BPay
  • Union Pay

And for Withdrawals:

  • Bank wires
  • Credit cards
  • Debit cards
  • Skrill
  • Neteller
  • Union Pay
  • BPay
  • POLi
  • PayPal

 

Is Pepperstone Forex Broker Licensed?

Pepperstone is regulated by two top-tier financial authorities, the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

 

Conclusion

Pepperstone is safe to trade with because it is highly regulated

With scarcely 145 instruments accessible to trade, Pepperstone’s slot assistance is for traders who concentrate solely on forex and the greatly prominent CFD markets.
Another plus is that Pepperstone overall won ‘Best in Class’ across 5 categories in 2020, including ‘Customer Service.’

Pepperstone provides to all forex and CFDs traders not minding their trading experience levels.

1.8

TRADING CONDITIONS

2.0/10

LICENSE

1.0/10

CLIENT REVIEW

2.0/10

CUSTOMER SUPPORT

2.0/10

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