- Company name: Pepperstone Limited
- Founded: 2010
- Offices: Australia
- Regulators: AFSL No.414530, ASIC
- Broker type: ECN/STP
- Min. Deposit: $200
- Leverage: 500:1
- Min. Spread: 0.0 pips
- Deposit/Withdrawal: Bank wire, Visa/Mastercard, Paypal, Skrill, Unionpay
- Currency pairs: 62
- Platform: MetaTrader 4, MetaTrader 5, cTrader
- Web based: Yes
- Mobile: Yes
- Excellent 24 hours customer support services
- Fast execution of trades
- Low spreads
- ECN trading environment
- MT4 and cTrader trading platforms available
- No welcome bonus for new traders
In 2014, Pepperstone won the fastest growing company award in Australia, from BRW Magazine. In the same year, Pepperstone emerged as the 2014 Winner of the Governor of Victoria Export Awards - among the coveted awards that any company would want to have in its list of awards.
Pepperstone is an ECN broker meaning traders execute their trades on the market without any broker intervention, and free of conflict.
Pepperstone offers both MetaTrader4 and cTrader on all accounts. Each platform comes with its strengths as far as forex trading goes and, therefore, traders are not limited to a choice of the platform that they prefer to use. At Pepperstone you’ll have two accounts to choose from. They include:
There are no commissions attached to this account. Spreads start from 1.0pips. Pepperstone’s Standard account comes with negative balance protection to help reduce any risks that a trader may find themselves in.
The Razor account
This type of account comes with a commission of $3.5 on every 100k traded. It also comes with some of the tightest spreads in Australia. Pepperstone’s Razor account is the more popular among traders and choice of these two accounts. It takes a minimum of $200 to open the account.
Pepperstone is a traditional broker in their software offering. They support the MetaTrader 4 & 5, MetaTrader Webtrader and the IOS and Android versions of the software. If you want to use CTrade instead, this is also available. This software choice means easy setup, and it should be easy to switch to another broker or from another MetaTrader broker.
Pepperstone offers support in technical analysis offering tips and analysis. While traders may not want to act blindly on information, getting this input directly from your broker is helpful. This way you can learn to trade charts yourself.
Pepperstone will also send you market reports. This is an excellent way to keep up-to-date on what events are happening, and how you can make trading opportunities from them.
Pepperstone is a fully regulated broker and has been tested, tried and found to be fit to run business in the forex industry. Therefore, any transaction or business that a trader carries out in the hands of Pepperstone is secure because of the backing of its regulators. Pepperstone is regulated by:
- Australian Securities and Investments Commission (ASIC) – AFSL # 414530
- Financial Conduct Authority (FCA) – Registration Number 684312
Any misconduct would be dealt with by the regulator and Pepperstone would be required to remedy any issues. Note that not all brokers pass the test of getting licensing from ASIC and, as such, having this certification is a big plus for Pepperstone.
Pepperstone employs Price Improvement Technology to reduce brokerage fees that come with any transaction.
Pepperstone Vs. AxiTrader
|Funding||Bank wire, Visa/Mastercard, Paypal, Skrill, Unionpay||Bank wire, Visa/Mastercard,Skrill|
|Regulated||AFSL No.414530, ASIC||UK FCA Registration No.509746, ASIC|
|Minimum Spread||0.0 pips||0.1 pips|
|Expert Review||Read review||Read review|
|Visit Website||Visit Pepperstone||Visit AxiTrader|
Pepperstone Vs. XM
|Funding||Bank wire, Visa/Mastercard, Paypal, Skrill, Unionpay||Bank wire, Visa/Mastercard, Skrill , Neteller|
|Regulated||AFSL No.414530, ASIC||EU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670|
|Broker Type||ECN/STP||Market Maker|
|Minimum Spread||0.0 pips||0.0 pips|
|Expert Review||Read review||Read review|
|Visit Website||Visit Pepperstone||Visit XM|
Backed by expert opinions, our experience, awards won by Pepperstone, this broker has seen exponential growth in the past few years, unlike most Australian based forex brokers. Pepperstone has introduced customer comforts that seem to have paid off well; a reason why this broker is among the highest-ranked newcomer brokers in forex trading.