Pepperstone Review

Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

Pepperstone Video Review

Investor Protection & Regulations

“The Pepperstone Group holds licences and is regulated around the world including by the Australian Securities and Investments Commissions (ASIC), the UK Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), the Dubai Financial Services Authority (DFSA) and the Capital Markets Authority (CMA), among others.”

The Pepperstone Group holds licences and is regulated around the world including by the Australian Securities and Investments Commissions (ASIC), the UK Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), the Dubai Financial Services Authority (DFSA) and the Capital Markets Authority (CMA), among others.

The regulation by the Dubai Financial Services Authority (DFSA) for Pepperstone Financial Services (DIFC) Limited can be confirmed on the regulator’s register, as shown below:

All client money held by the Pepperstone Group is held in segregated accounts with tier 1 banks offering strong investor protection. The broker does not accept clients from the USA, Canada or Japan, among others.

Tradable Products

“Pepperstone offers the ability to trade on more than 180+ financial CFD instruments covering Forex, Indices, Shares, Commodities and Cryptocurrency CFDs.”

Pepperstone offers clients the ability to trade on more than 180+ financial CFD instruments covering a wide range of asset classes such as Forex, Indices, Shares, Commodities, Currency Index and Cryptocurrency CFDs (for DFSA regulated entity).

Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the Pepperstone website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and account type opened. A detailed review of the trading costs with Peppersonte can be found further down this review.

Account Opening

“Pepperstone offers a very simple account opening process with access to 3 main account types called the Standard Account, Razor Account and Swap-Free Account. The broker also provides access to a demo trading account.”

Pepperstone provides access to 3 main account types suitable for both beginner and advanced traders. Each account comes with different features and benefits of which some are highlighted below:

The broker also provides access to Professional Accounts with a Premium Client service which includes priority support, a dedicated account manager, advanced tools and insights and invitations to premium events.

Opening an account is simple and can be done in just 4 steps. After clicking on the Get Started button on the broker’s website users will be asked to create their login with an email address and password, fill in an application form, confirm identity and address with relevant documents and then fund the account.

Once opened, users can manage accounts, deposits and withdrawals and access trading tools from the Secure Client Area, as shown below:

Deposit & Withdrawals options

“Payment options with Pepperstone include: Bank transfer, Visa debit and Mastercard debit.”

With Pepperstone, users can deposit and withdraw funds via bank transfer, Visa debit and Mastercard debit. Deposits and withdrawals can be done directly from the Pepperstone Secure Client Area.

Withdrawing funds from Pepperstone can be processed on the same day if withdrawals are made before 21:00 GMT but must be returned to a bank account in the same name as the client’s Pepperstone trading account.

Withdrawals via bank wire transfer can take between 3 – 5 trading days to reach a client’s account and any International Telegraphic Transfer (TT) fees charged by Pepperstone’s banking institution will be passed on to the client. Most International TTs are approximately USD 20.

Web & Desktop Trading Platforms

“Pepperstone offers the ability to trade on the globally-recognised MetaTrader 4, MetaTrader 5 and cTrader trading platforms for desktop and web.”

Pepperstone offers a wide variety of different trading platforms suitable for both beginner and advanced traders to trade on multiple asset classes.

Pepperstone MetaTrader 4

The Pepperstone MetaTrader 4 trading platform is available for desktop and web and offers a variety of features including:

• Access to multiple asset classes
• 85 pre-installed indicators to use
• Multiple order types and chart types
• Autotrading 24/5 via Expert Advisors

Pepperstone MetaTrader 5

The Pepperstone MetaTrader 5 trading platform is available for desktop and web and offers a variety of features including:

• Access 21 different timeframes
• 38 inbuilt indicators
• Hedging available
• Advanced pending orders
• MQL5 for advanced auto trading

Pepperstone cTrader

The Pepperstone cTrader trading platform is available for desktop and web and offers a variety of features including:

• Institutional trading environment
• Advanced risk management and orders
• Advanced auto trading with cTrader Automate
• Large range of indicators available

A screenshot of the Pepperstone MetaTrader 4 trading platform is shown below and is covered in more detail in the video review.

Mobile Trading Platforms

“Pepperstone offers the ability to trade on the go via the MetaTrader 4, MetaTrader 5 and cTrader mobile trading app.”

Clients of Pepperstone can trade on the move from the MetaTrader 4, MetaTrader 5 and cTrader mobile trading apps which are all available on Android and iOS devices.

The apps can be downloaded via the broker’s website, from the secure client portal area or through the relevant Apple App Store or Google Play Store and provide similar features to the desktop versions, such as access to trade real-time quotes to trade on multiple markets with a range of different indicators.

The mobile trading apps are covered in more detail in the video review.

Trading Features

“Pepperstone provides a range of additional trading features such as Smart Trader Tools, Autochartist and VPS hosting.”

Pepperstone provides access to a range of additional trading features which includes:

• Smart Trader Tools – Access 28 smart trading apps from the MetaTrader 4 and MetaTrader 5 trading platforms including a Correlation Matrix, an enhanced Trade Terminal and Smart Lines.
• Autochartist – Access a market scanner which provides important price levels, as well as probability filters and additional features such as volatility analysis.
• VPS Hosting – Access the benefits of trading using a virtual private server which allows traders to run algorithmic trading strategies 24 hours a day, 7 days a week.

Commissions & Spreads

“Trading costs with Pepperstone vary depending on the market being traded and the account type opened and includes a range of commission-free and commission-based trading with low spreads.”

Trading costs with Pepperstone vary depending on the market being traded and account type opened.

Fortunately, the broker also provides more detailed information regarding the minimum and average spreads on its website, as the example shows below:

Pepperstone Forex Trading

Share CFD commissions are from USD 0.02 per share with leverage of up to 10:1.

Bonus & Promotions

“Currently, there are no bonus or promotions available.”

Customer Support

“Pepperstone offers customer support 24 hours a day, 5 days a week through Live Chat, Email and Phone in multiple languages.”

Pepperstoneers customer support 24 hours a day, 5 days a week in multiple languages from Live Chat, Email and Phone. After testing the Live Chat function, we were greeted by an agent after thirty-minutes who answered our question promptly, as shown below:

• Address:
  • Al Fattan Currency House, Level 15, Office 1502 A, Tower 2, P.O.Box 482087, DIFC, Dubai, United Arab Emirates
  • The Oval | Ring Road Parklands, P.O.Box 2905-00606 | Nairobi, Kenya
• Phone:
  • DFSA regulated entity: +971 (0) 4 573 4100
  • CMA regulated entity: +254 2038 93547/8/9
• Email:
• • DFSA regulated entity: support.ae@pepperstone.com
  • CMA regulated entity: support@pepperstone.com
• Social:
  • Facebook
  • Twitter
  • Linkedin
  • YouTube

Research

“Pepperstone offers an impressive range of research through market analysis and news articles and videos, live webinars and technical analysis research from AutoChartist.”

Pepperstone offers an impressive range of research through market analysis and news articles and videos and live webinars. These cover a variety of topics such as a week ahead update via video, a technical analysis wrap and articles on the big themes affecting markets.

The broker also provides access to an economic calendar and technical analysis research from AutoChartist which can be found in the Secure Client Area.

Trader Education

“Pepperstone provides access to a wide range of trading guides and articles on how to trade Forex and CFDs with material available for both beginner and advanced traders.”

Users can access a wide range of educational resources. This includes access to trading guides which covers topics such as trading cryptocurrencies, gold and trading terms. Users can also access articles on how to trade Forex and CFDs which covers technical analysis, fundamental analysis and more.

Trading Experience

“Pepperstone offers a simple, yet competitive offering to trade on commission-free, swap-free and commission-based trading accounts with low spreads on multiple platforms for beginner and advanced traders.”

From our observations, Pepperstone offers a competitive trading offering to trade on multiple accounts with access to commission-free, swap-free and commission-based trading with low spreads and non-dealing desk execution.

The broker also provides the ability to trade on multiple platforms including MetaTrader 4, MetaTrader 5 and cTrader for desktop and mobile, as well as providing additional trading tools such as the Smart Trader Tools package and Autochartist.

FAQ

Is Pepperstone regulated?

Yes, by ASIC, FCA, CySEC, DFSA, CMA and others.

Where is Pepperstone based?

Pepperstone Financial Services (DIFC) Limited is registered at Al Fattan Currency House, Level 15, Office 1502 A, Tower 2, P.O.Box 482087, DIFC, Dubai, United Arab Emirates.

How does Pepperstone make money?

Pepperstone makes money through spreads, swaps and commissions on certain tradable asset classes and trading accounts.

How do I deposit in Pepperstone account?

Funds can be deposited into a trading account via bank wire transfer, Visa debit and Mastercard debit.

What is the min. deposit for Pepperstone?

The minimum deposit is 200 AUD.

How do I withdraw money from Pepperstone?

Withdrawals can be made from Pepperstone via bank wire transfer, Visa debit and Mastercard debit.

What is the max leverage in Pepperstone?

The maximum leverage offered by Pepperstone is 500:1.

How do I open an account with Pepperstone?

An account can be opened at the click of a button on the Pepperstone website and can be done in just a few steps.

Does Pepperstone use MetaTrader?

Yes.

Conclusion

“Pepperstone is a globally regulated broker offering the ability to trade on more than 180+ financial CFD instruments covering Forex, Indices, Shares, Commodities and Cryptocurrencies (not in all jurisdictions) from the globally-recognised MetaTrader 4, MetaTrader 5 and cTrader trading platforms.”

Pepperstone was founded in Melbourne, Australia in 2010. The Pepperstone Group of companies includes licences and authorisations all over the world including by ASIC, FCA, CySEC, CMA and DFSA. All client money across the different jurisdictions are held in segregated accounts.

Pepperstone Financial Services (DIFC) Limited – the main focus for this review – is regulated by the Dubai Financial Services Authority and provides users with the ability to trade from 3 account types which include the Standard Account for commission-free trading, the Razor Account for commission-based trading with spreads from just 0 pips and the Swap-Free Account for commission-free and swap-free trading and leverage of up to 500:1.

With this entity, users can trade on more than 180+ financial CFD instruments covering Forex, Indices, Shares, Commodities and Cryptocurrency CFDs. Pepperstone Markets Kenya Limited which is regulated by the Capital Markets and provides access to the Standard Account and Razor account also provides access to a wide variety of markets but does not include Cryptocurrency CFDs.

The broker also provides access to a wide range of impressive trader research and educational resources which includes Market Analysis, Economic Calendar, Trading Guides, Webinars and Market News. Users can also access a range of additional trading tools such as Smart Trader Tools, VPS hosting and Autochartist.

• Global regulation (ASIC, FCA, CySEC, DFSA, CMA and more).
• Commission-free trading and swap-free accounts available.
• Can trade on MetaTrader 4, MetaTrader 5 and cTrader.
• Access to advanced trading tools like Autochartist.