Pepperstone Review

sign-up-green1
$200
Minimum Deposit
500:1
Maximum Leverage
0
Minimum Spread
8 TradeForexSA
Pros
  • Excellent 24 hours customer support services
  • Fast execution of trades
  • Low spreads
  • ECN trading environment
  • MT4 and cTrader trading platforms available
Cons
  • No welcome bonus for new traders
Summary
Pepperstone is an Australian forex broker started in 2010 and is fully regulated by the respected Australian Securities and Investment Commission (ASIC).  Their customer support services are anchored on 24 hours support services, personalized services for individual customers and various contact channels that have been made available to clients who want to get in touch with this broker.  Pepperstone has also made a name in forex trading thanks to its fast execution of trades; it being an ECN broker.

In 2014, Pepperstone won the fastest growing company award in Australia, an award that was given by the BRW Magazine. In the same year, Pepperstone also emerged as the 2014 Winner of the Governor of Victoria Export Awards, which is certainly among the coveted awards that any company yearns to have in its list of awards.
Account Types7.5
Client Support & Onboarding9.5
Free Services7.5
Deposit & Withdrawal7.5

Pepperstone is an ECN broker which enables traders to execute their trades on the market without any broker intervention.

Account Types Available to Traders

Pepperstone offers both Meta Trader4 and cTrader on all accounts. Each platform comes with its own 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:

The Standard account: There are no commissions attached to this account. Spreads start from 1.0pips. Pepperstone’s Standard account comes with negative balance protection in order 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.

Platforms

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 would rather use CTrader this is also available.  This software offering means that you will get easy setup, and it will be easy to switch to another broker or from another MetaTrader broker.

Technical & Fundamental Analysis Support

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.

Example Technical Analysis From Pepperstone

Pepperstone will also send you market reports.  This is a good way to keep up-to-date on what events are happening, and how you can make trading opportunities from them.

Example Daily Market Reports from Pepperstone

Example Daily Market Reports from Pepperstone

Regulatory/Reputation Background

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 absolutely 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.  It should be noted that not all brokers pass the test of getting licensing from ASIC and, as such, having this certification is a big plus for Pepperstone.

Pros and Cons

Pepperstone pros

  • Excellent 24 hours customer support services
  • Fast execution of trades
  • Tight spreads
  • ECN trading environment
  • MT4 and cTrader trading platforms available
  • An award-winning broker
  • Highest leverage levels in the market of 500:1
  • Regular and reliable market updates

Pepperstone cons

  • No welcome bonus for new traders

Other Highlights

Pepperstone employs Price Improvement Technology to reduce brokerage fees that come with any transaction. There are also twenty-five currency pairs that a trader can trade at Pepperstone. For those new in forex trading, Pepperstone offers a demo account through which one can practice and hone their skills before embarking on real/live trading.

Conclusion

Backed by expert opinions, our experience, awards bagged by Pepperstone, this broker has seen exponential growth in the past few years, unlike most Australian based forex brokers. Pepperstone has employed various strategies and customer comforts that seem to have paid off well; a reason why this broker is among the highest ranked brokers in forex trading.

 

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