Pepperstone is an Australian foreign exchange broker that was first established in 2010, offering CFD trading to customers from across multiple continents.
Since its formation, the company has placed a high importance on expanding its global reach, growing rapidly in recent years, and opening a London office in 2015.
Its customer support team is well-regarded within the industry, with Pepperstone being the recipient of notable international awards for its help desk.
What are Pepperstone’s offerings?
Pepperstone clients can trade with peace of mind, with the broker being regulated by several of the world’s leading bodies, including CySec, FCA, BAFIN, ASIC, DSFA, and SCB. The company also segregates its clients’ funds into tier 1 banks, as well as offering a variety of secure funding methods to suit the needs of both experienced and beginner traders, with no fees. Parent company Pepperstone Group Limited has won multiple industry awards from Investment Trends, Deloitte, and has been recognised at the UK Forex Awards.
Compared to its nearest competitors in the market, Pepperstone’s trading fees are generally low. Traders are able to develop their portfolios in a low-cost environment, as most of the broker’s fees are derived from tight spreads and commissions. The average spread in the standard account for the EUR/USD currency pair is 1.13 pips and commission-free, while on the Razor account this is only 0.13 pips, plus a commission of €7. Moreover, Pepperstone does not charge an inactivity fee, and fund withdrawal is free for credit and debit cards, as well as some electric wallets, excluding Skrill and Neteller.
What instruments are offered by Pepperstone?
Pepperstone clients are able to trade a collection of the world’s largest markets, with more than 180 instruments available to be traded across 6 asset classes. The wide range of instruments on offer means that traders of all backgrounds and experience levels can find something to suit their unique trading style and strategy.
What are Pepperstone’s trading platforms?
Pepperstone clients have the choice of three third-party trading platforms, in the form of the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as the cTrader platform.
MT4 and MT5
Traders can trade the forex markets on two of the industry’s most popular trading platforms, MT4 and MT5. While they share some similarities the main difference between them is that MT4 is specifically designed for forex traders, while MT5 is tailored towards providing traders with access to CFDs, stocks, and futures. The theory that MT5 is simply an upgraded version of MT4 is false, but it is true that users of MT5 can benefit from extra chart timeframes, meaning there is more room for greater market analysis, before making a trade.
CTrader is a good trading platform for both new and advanced traders, as it offers comprehensive educational videos within the platform for beginners, while also featuring detailed trade analysis and a large range of indicators for the more experienced traders. It is an intuitive platform that is easy to understand and navigate, offering advanced trading features such as fast entry and order execution, alongside coding customisation. The education and analysis sections are also useful for those traders who are just starting out, or for those who wish to improve as traders in terms of strategy or performance.
Is Pepperstone safe?
Pepperstone is a reliable choice for traders of different experience levels, is regulated by top-tier bodies, and there is negative balance protection for most clients. However, it must be noted that the broker was the subject of a data leak in 2020, in which hackers used malware to compromise material on a computer used by an external service provider for the company.