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. That means Pepperstone traders are allowed to carry out their trades directly without any dealer 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 AU$3.5 on every $100,000 traded. It also comes with the lowest spreads in Australia. Pepperstone’s Razor account is the more popular among traders and choice of these two accounts.

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 it’s regulators.  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 who normally pass the test of getting licensing from ASIC and, as such, having this certification are definitely a big plus for any broker.

Pros and Cons

Pepperstone pros

  • Excellent 24 hours customer support services
  • Fast execution of trades
  • Low 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
  • Bonuses available

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.