Inside Forex Brokers (IFB)

Pepperstone3 min read

Broker Review

Pepperstone is a regulated Forex and CFD broker from Australia which is licenced by the ASIC. This broker allows to trade with Forex, precious metals in the spot market and CFD on different markets, including stocks and indices. As a pure ECN/STP broker, it has many liquidity providers, such as major global banks. The clients of Pepperstone can trade with variable and low spreads, excellent market quotes and market depth access. The company has chosen as a partner the National Bank of Australia with an +AA credit rating. For traders, this means that they will always have access to the best available prices to secure their position as a leading broker.

Platforms

82

Usability

69

Assets

88

Users rating20 Votes

63

Pros Broker

Transactions entered into interbank market

ASIC and FCA regulated broker

True ECN broker

Low spreads starting from 0.1 pips

Cons Broker

Focused mostly on Forex

No compensation scheme in Australia

No bonus is offered to traders

Product portfolio is limited

78

Overall Broker Rating

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Pepperstone

Review of the company

Pepperstone broker opened in 2010 in Australia. In the trade, innovative technologies are used to reduce the number of failures, slippages and system errors. It operates under the jurisdiction of ASIC and FCA, and stores customer’s money in banks with +AA financial responsibility rating. A profitable affiliate program is provided. Transactions are displayed on international exchanges using ECN technology, assets of 4 classes are offered. Today, more than 75,000 traders from around the world use Pepperstone.

In 2013, BRW Fast Starters named the broker one of the best in Australia. This has boosted brand status and increased the number of customers. In 2016, delirium was acquired by a large investment fund in Australia. Investor funds are held with National Australia Bank and Barclays in segregated accounts and the platform is secure and meets strict financial regulations.

The Forex broker has 27 awards in various categories. The broker was recognized as the best in Australia, China, Japan, United Kingdom. Independent auditors review its activities annually. Reports are published on the broker’s website.

Trading advantages

To stay on top of the game, Pepperstone offers traders the best possible trading conditions. Forex trading is one of the main advantages of the company, although it should be said that not all user reviews in this regard are positive. Pepperstone has at least 70 currency pairs, including majors and exotic ones. The brokerage company prides itself on such major currencies as EUR/USD and GBP/USD, it has spreads starting from 0 pips. The maximum leverage on Forex is also impressive: 1:500.

Pepperstone offers around 13 CFDs that cover most of the important parts of the global economy. Pepperstone boasts excellent trade execution. The Energy section is dedicated to assets such as oil and gas. Trading conditions are attractive for this category. There are spreads starting at 0.04 and margin requirements of $0.81 for the minimum transaction size. Traders can also use a leverage of 1:500 on these assets. The Crypto section covers CFDs based on Bitcoin, Ethereum, Dash and Litecoin. The maximum available leverage for these underlying assets is only 1:500, and the terms of trade, as a rule, are not as attractive as in the above categories.

Trading platforms

Trading in the company is carried out using the following trading platforms: MetaTrader 4, MetaTrader 5, cTrader, WebTrader. There is the possibility of mobile trading on devices based on Android, iPhone, iPad. For managing traders, the company has a MAM account, which implies simultaneous management of the trading process on all accounts connected to the system. Trading is carried out on the MetaTrader4 platform. Pepperstone also provides the ability to automatically trade with Myfxbook by copying the transactions of successful traders to the client’s account. In addition, the company’s customers have the ability to copy professional traders’ transactions to their personal account using the ZuluTrade social platform.

Trading accounts

An Edge Standard account is an entry level broker account. Requiring a minimum deposit of only 200 Australian dollars, it is really very affordable. It shows spreads starting from 1 pip and without commissions. It offers STP execution through 22 banks and ECN.

The Edge Razor account offers much better spreads, but also has commissions. The minimum required deposit for this account is also 200 Australian dollars. The account allows scalping, hedging, and the use of advisers.

The Islamic account is a swap-free account that is truly completely free. The minimum required deposit is $200. The average spread on this account for a Forex pair, such as EUR/USD, ranges from 1 to 1.2 pips. There are no commissions. This account takes into account scalping, hedging and advisers.

The Active Traders account is designed for institutional investors and those retail traders who can afford to move huge amounts of money through their transactions. This account also has custom account managers, VPS hosting, advanced reports and individual trading solutions. Users of such accounts can trade through the API, as well as through third-party trading platforms.