Pepperstone Broker Review: this is the name of a forex broker that is located in Australia. Is pepperstone.com a scam or legit broker.
This brokerage presents a professional look on it page and from the onset offers traders a “30-day demo account”. The address for this brokerage is at:
Level 16, Tower One, 727 Collins Street, Melbourne, VIC, Australia, 3008.
It promises to assist traders each step of their trading journey and make their strategies work. Further, Pepperstone assures clients of fund protection and low spreads.
Trading instruments are impressive and they include the regulars: Forex, CFDs and commodities. Educational resources are also made available for traders along with opportunities to learn from other traders.
“News and Analysis” is a section of the website where clients can get market analysis from experts. They claim to have multiple awards for their excellence.
Pepperstone Trading Platform
Pepperstone Trading Software allows traders make use of the MetaTrader 4, MetaTrader 5 and cTrader trading platform.
These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.
Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.
Trading products that are made available to traders by Pepperstone includes; 60+ currencies, 5+ cryptocurrencies like Bitcoin, Litecoin, Ethereum, and 30+ CFDs on Gold, Silver, Oil, and other commodities.
It offers a maximum leverage of up to 1:500, which is quite high considering that it could also lead to high loss rates. The spreads on the EUR/USD is averaged at 0.1 pips.
Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.
Deposit and Withdrawal Methods on Pepperstone
Deposit are allowed via: Bank Wire, Visa, MasterCard, BPay, Netwller, PayPal, Poli, Skrill, Transfer from Existing Broker, UnionPay. Withdrawals can be made through: Bank Wire, Neteller, PayPal, Skrill, UnionPay.
Standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on. It is so for Pepperstone and this is a good sign.
A $1 minimum deposit requirement is offered by this broker and this is encouraging as the obtainable average is between $100-$250. We could not find any information on withdrawal charges and fees.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.
Is Pepperstone Licensed?
Yes. Pepperstone is owned by an Australian licensed company known as Pepperstone Group Limited. However, we found that it does not operate in the UK, Europe, and the US.
It has a Trustpilot score of 4.0/5 stars rating published on the website and we found that it also has a positive rating of 3.4/5 stars on FPA.
Negative reviews receive prompt responses from representatives of the broker as well, showing a good customer support.
To contact a customer care agent, clients can call: +61 3 9020 0155 or email: email@example.com
Conclusion on Pepperstone
Pepperstone is a regulated broker with a good customer support system as well as an encouraging minimum requirement. The spreads are advantageous and the trading systems are good as well.
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