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Pepperstone Review

  • Regulated by: Financial Conduct Authority,UK and ASIC
  • Safety: segregates client funds
  • Trust Rating: B
Open Pepperstone's Website

Losses can exceed deposits. Your capital is at risk.

Pepperstone three ways: Forex, CFDs, Social Trading.

To open a live account, you’ll need a minimum deposit of at least $200. Alternatively, Pepperstone offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 684312 ), and ASiC (AFSL #414530 ). Pepperstone puts all client funds in a segregated bank account and uses tier-1 banks for this. Pepperstone have been established since 2010, and have a head office in Australia.

Before we dive into some of the more detailed aspects of Pepperstone’s spreads, fees, platforms and trading features, you may want to open Pepperstone‘s website in a new tab by clicking the button below in order to see the latest information directly from Pepperstone.

Open a demo account Visit Pepperstone

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
Your capital is at risk.

Pepperstone screenshot

PROS

  • Segeregates client funds
  • Established in 2010
  • Regulated by Financial Conduct Authority,UK and ASIC
  • Min. deposit from $200

CONS

What are Pepperstone's spreads & fees?

Like most brokers, Pepperstone take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on Pepperstone’s website. The colour bars show how competitive Pepperstone’s spreads are in comparison to other popular brokers featured on BrokerNotes.

Spreads are dynamic and are for informational purposes only. Last updated: June 06, 2018.

As you can see, Pepperstone's minimum spread for trading EUR/USD is 1.0 pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Pepperstone vs. similar brokers.

See all Spreads
Your capital is at risk.

How much does Pepperstone charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with Pepperstone at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $N/A. Here’s a rough breakdown of the fees and how this compares against AvaTrade & Plus500.

Pepperstone AvaTrade Plus500
Spread from: N/A $7.00 $6.00
Typical overnight fee: N/A $5.00 $9.40
Commission: N/A 0 0
Total cost of a 100k trade: N/A $12 $15.4
Visit Pepperstone Visit AvaTrade Visit Plus500

All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. Your capital is at risk.

General Fees

  • Pepperstone does charge inactivity fees
  • Pepperstone doesn’t charge withdrawal fees*

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • The rollover fee for long positions on EUR/USD is -$7.70
  • The rollover fee for short positions on EUR/USD is $

Commissions

  • Pepperstone does charge commission on CFD shares

What can you trade with Pepperstone?

FX / Currencies Pepperstone AvaTrade Plus500
# of forex pairs offered 70 59 61
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs Pepperstone AvaTrade Plus500
# of commodities offered 0 16 17
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Index & Stock CFDs Pepperstone AvaTrade Plus500
# of Stocks offered 0 99 1816
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares No Yes Yes
See Pepperstone's Instruments See AvaTrade's Instruments See Plus500's Instruments
Your capital is at risk.

What’s the Pepperstone trading experience like?

1) Platforms and apps

Pepperstone is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. Pepperstone is one of a handful of brokers that offer the cTrader platform developed for traders looking for a STP/ECN solution. For a list of forex brokers that offer the cTrader platform, check out our comparison of cTrader brokers. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.

Pepperstone Screenshot See Pepperstone's Platforms

Pepperstone also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See Pepperstone's platforms
Your capital is at risk.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

Pepperstone allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Pepperstone offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.

As a nice bonus, Pepperstone are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Pepperstone also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders negative balance protection price alerts and much more. You can see all of the account features offered by Pepperstone and much more. You can see all of the account features offered by Pepperstone here.

Finally, we’ve listed some of the popular funding methods that Pepperstone offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • PayPal
  • Skrill
  • Payoneer
  • Neteller

3) Client support

Pepperstone support a wide range of languages including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic

Pepperstone have a BrokerNotes triple AAA support rating because they offer a wide range of languages, live chat, phone and email support.

4) What you’ll need to open an account with Pepperstone

As Pepperstone is regulated by Financial Conduct Authority,UK and ASIC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Pepperstone’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Pepperstone you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://pepperstone.com/ on March 21, 2018.