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Pepperstone Broker Review 2024

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Pepperstone Broker Review 2024
Hedging allowed Using EAs
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Pepperstone
Founded:Australia
Min Deposit:1
Max Leverage:500
Headquarter:Melbourne
US Accepted:
About
Pepperstone, a highly reputable broker founded in 2010, processes an average of $9.2 billion in trades daily from over 400,000 clients. It has enhanced its credibility with licenses from major regulators like ASIC, CySEC, DFSA, and FCA. This review will explore the broker's features in detail.
Contact
Level 16, Tower One 727 Collins Street Melbourne VIC 3008 AUSTRALIA
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Extensive selection of tradable instruments across multiple asset classes
Regulated by ASIC, CySEC and other top-tier regulators
Deep liquidity
Various options for trading platforms
Cons
Limited access to demo account

Pepperstone is a broker founded in 2010 with a high reputation, processing an average of $9.2B of trades by over 400,000 clients every day. This brokerage has added to its credibility by obtaining licenses from ASIC, CySEC, DFSA, CMA, BaFin, SCB, and FCA. It seems to be a completely reliable one judging by its statistics, but what about its features? In this Pepperstone review, we will have an in-depth look at the specifications of this broker.

Pepperstone Forex Broker (Company Information & Regulation)

Pepperstone
A complete review of Pepperstone broker licensed by high-tier regulators

Pepperstone is a reputable forex broker that has been operational since 2010. Founded in Melbourne, Australia, the company has rapidly expanded its global presence, now operating from several offices in different regions of the world. This international footprint allows the broker to cater to a diverse clientele across various markets.

One of Pepperstone's strongest selling points is its robust regulatory framework. The broker is overseen by several top-tier financial authorities, including:

  • Australian Securities and Investments Commission (ASIC)
  • Financial Conduct Authority (FCA) in the UK
  • Cyprus Securities and Exchange Commission (CySEC)
  • Dubai Financial Services Authority (DFSA)
  • Capital Markets Authority (CMA) in Kenya
  • Federal Financial Supervisory Authority (BaFin) in Germany

Summary of Specifications & Key Features

Brokers have some common parameters, which have different specifics. At the table below, we will have a look at these features:

Broker

Pepperstone

Account Types

Standard, Razor

Regulating Authorities

ASIC, SCB, FCA, DFSA, CMA, BaFin, CySEC

Based Currencies

AUD, USD, GBP, JPY, EUR, CAD, CHF, NZD, SGD, and HKD

Minimum Deposit

$1

Deposit Methods

Credit/Debit Cards, Bank Transfer, E-payments

Withdrawal Methods

Credit/Debit Cards, Bank Transfer, E-payments

Minimum Order

0.01 lot

Maximum Leverage

Up to 1:500

Investment Options

Copy Trading

Trading Platforms & Apps

Proprietary Platform, cTrader, Trading View, MetaTrader 4&5

Markets

Forex, Commodities, Crypto, Shares, Indices, ETFs

Spread

From 0 pips

Commission

From $0

Orders Execution

Instant

Margin Call/Stop Out

90%/20%

Trading Features

Using EAs

Hedging allowed

Affiliate Program

Yes

Bonus & Promotions

No

Islamic Account

Yes

PAMM Account

No

Customer Support Ways

Email, phone call, live chat

Customer Support Hours

24/7

Pepperstone Account Types

This broker offers 2 main trading accounts for clients. There is some common ground between these accounts:

  • Minimum Order Size: 0.01 lot
  • Maximum Order Size: 100 lots
  • Leverage: up to 1:500
  • Minimum balance for account: none
  • Scalping: Allowed
  • Expert Advisors: Allowed
  • Hedging: Allowed
  • News Trading: Permitted
  • Base Currencies: AUD, USD, GBP, JPY, EUR, CAD, CHF, NZD, SGD, and HKD
  • Stop Out Level for Retail Clients: 50%
  • Stop Out Level for Professional Clients: 20%
Pepperstone Account Offerings
The company also provides a demo account for trading with virtual money, and an Islamic (swap-free) account for Muslims.

Pros and Cons

Pepperstone is a well-performing broker in some aspects, but it has got its own drawbacks, too. At the table below, we will take a look at the advantages & disadvantages of trading with it:

Cons

Pros

Limited access to demo account

Regulated by ASIC, CySEC and other top-tier regulators

Extensive selection of tradable instruments across multiple asset classes

Deep liquidity

Various options for trading platforms

Account Registration and Verification: Step-by-Step Guide

If you want to start trading, you need to open an account on Pepperstone first. In order to do that, follow these steps:

  1. Visit the official website and click on "Trade now" or "Join now."
  2. Click on "Continue with email", or use one of your Google, Apple, or Facebook accounts for signing up.
  3. Choose your country of residence and account type, then enter your name, date of birth, phone number, and email address. Finally, create a strong password.

Now, your account is created. In order to set up and verify your account, you need to provide more details and upload the required documents.

Pepperstone Trading Platforms + Download

This broker offers 5 various platforms in total for traders, from popular ones to the newer applications.

MetaTrader 4 (MT4)

MT4 is the most popular trading application available. It offers these features:

  • Complete customization
  • 28 indicators and EAs available with the broker's Smart Trader Tools
  • Access to 85 pre-installed indicators on the desktop app
  • Automated trading for markets

Links:

MetaTrader 5 (MT5)

As shown by its title, it is the next generation of MT4 with some advantages and additional features. MetaTrader 5 Key Specifics:

  • Easier user interface
  • Position hedging
  • MQL5 programming language
  • Access to 21 timeframes

Links:

cTrader

It's a newer platform, suitable for those new to forex trading. cTrader Top Features:

  • Simulates an institutional trading environment
  • Advanced risk management
  • Ability to code in C# and open API
  • High-level customization with cTrader Automate

Links:

Pepperstone cTrader Platform
Advanced charting tools, detailed trade analysis, and educational materials are some advantages of Pepperstone cTrader platform.

TradingView

A popular platform for using charting tools and technical analysis, it provides a vast social network for traders. Important Features & Stats:

  • Over 30 million traders
  • Top-level charting technology
  • Access to a wide range of indicators
  • Economic calendar and news features available

Links:

Pepperstone Mobile App

It's the proprietary platform of the broker, available through web and mobile Some of its features include:

  • Quick Switch for swapping between charts
  • Convenient way of searching and finding instruments
  • Public watchlists available
  • Multiple options offered for charting and analysis

Links:

Pepperstone Spreads and Commissions on Trading

This broker offers a decent structure for spreads and commissions. At this section, we will have an overview on it based on account types:

Spread

Commission (Forex Only)

Standard Account

Variable (relatively higher than Razor)

None

Razor Account

Raw (from 0 pips)

$3.5 per lot per side

Pepperstone Deposit & Withdrawal Options

The broker offers a several deposit and withdrawal methods, which might be enough for most traders, but it's not as versatile as some competitors. Payment Methods on Pepperstone:

  • Credit/Debit Cards: Visa, Mastercard
  • Bank Transfer: Depending on region
  • Electronic Payments: PayPal, Neteller, Skrill, BPay

Copy Trading & Investment Options Offered on Pepperstone

This company does not provide many options for passive earning, but it offers a copy trading tool through MT4/5 accounts by a service called "Signal Start". You can set up your account either as a "Signal Follower" or "Signal provider" on the service. The broker also enables copy trading through these platforms:

  • Duplitrade
  • MetaTrader Signals

Pepperstone Tradable Markets & Symbols Overview

Pepperstone Tradable markets
A detailed look at the tradable symbols and asset classes on Pepperstone

This is one of the sections that this broker shine in. You have access to over 1200 instruments in various asset classes on Pepperstone broker. Tradable Symbols:

  • Forex: Majors, minors, crosses, exotics, and NDF
  • Commodities: Metals and Energies
  • Indices: CFDs on indices from North America, Europe, and Asia/Africa
  • Crypto: CFDs on BTC, ETH, LTC, etc.
  • Shares: Europe, US, UK, etc.
  • ETFs: Banks & Financials, bonds, energy and industrials, etc.

Does Pepperstone Offer Any Bonuses and Promotions?

This company, like many regulated forex brokers, has limited offerings when it comes to traditional bonuses and promotions. This is largely due to regulatory restrictions in many jurisdictions that aim to protect traders from misleading marketing practices. Therefore, it currently does not provide any bonuses for clients. Always check the current offers on Pepperstone's official website or contact their customer support for the most up-to-date information.

Pepperstone Support: Does It Offer 24/7 Services?

Support options usually include "live chat" on official websites. On this broker, it's available, too. Other Customer Service Contact Options:

As per the official website, the support team offers 24/7 services to the clients.

Pepperstone List of Restricted Countries

Financial companies do not offer services to some countries because of certain rules, sanctions, etc. Pepperstone has also restricted many countries, including but not limited to:

  • Iran
  • Iraq
  • Canada
  • United States
  • Japan
  • South Africa
  • Argentina
  • North Korea
Pepperstone Geo-Restrictions
Geo-restrictions may be subject to change in time, so make sure to check the brokerā€™s official website to get the most up-to-date data.

Trust Scores & Reviews

Users and experts submit scores and reviews of brokers on certain websites. Pepperstone Trust Scores on Reputable Sites:

  • Trustpilot: 4.4 out of 5, based on over 2,500 reviews
  • ForexPeaceArmy: 3.4 out of 5, based on more than 380 reviews
  • Reviews.io: 3.8 out of 5 with over 100 scores

As mentioned above, this company has achieved a high overall score from different users and reviewers.

Tutorials & Education Materials Available on Pepperstone

The education section on this broker provides a good level of content for users with various trading skills. Key Specifics:

  • Technical and fundamental analysis guide
  • Tutorials on trading different asset classes
  • Educational videos
  • Webinars
  • Information on how forex trading works

Conclusion and Final Words

Pepperstone is a well-regulated broker with licenses from ASIC, DFSA, CySEC, CMA, BaFin, SCB, and FCA, offering a secure environment for traders. In terms of features, it also performs really well with leverage up to 1:500 and 5 different trading platforms. In conclusion, you should probably start trading with Pepperstone broker if your country is not banned from its services.

FAQs
Which authorities supervise Pepperstone's operations?

This broker is regulated by ASIC, SCB, FCA, DFSA, CMA, BaFin, and CySEC.

What platforms does Pepperstone offer?

It enables trading on MT4, MT5, TradingView, cTrader, and its proprietary platform.

Where is Pepperstone headquartered?

The company is headquartered in Melbourne, Australia.

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