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Pepperstone

  • Regulated by: ASIC
  • Safety: segregates client funds
  • Trust Rating: B
Open Pepperstone's Website

Losses can exceed deposits.

Pepperstone offer one way to trade: Forex.

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 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.

PROS

  • Segeregates client funds
  • Established in 2010
  • Regulated by ASIC
  • Min. deposit from $200

CONS

What are Pepperstone's spreads & fees?

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.

See all Spreads

Example: How much would it cost to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:

Pepperstone AvaTrade Plus500
Spread from: $0.00 $7.00 $9.00
Typical overnight fee: $7.70 $5.00 $9.40
Commission: 5 0 0
Total cost of a 100k trade: $12.7 $12 $18.4
+$0.7 saving +$5.70 more
Visit Pepperstone Visit AvaTrade Visit Plus500

All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.

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 roll over fee for long positions on EUR/USD is -$7.7
  • the roll over fee for short positions on EUR/USD is $

Commissions

  • Pepperstone does charge commission on CFD shares

What instruments 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
Indiced & 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

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 MT4 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‘re on the move.

See Pepperstone's platforms

Trading Features:

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

Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN 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 with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Pepperstone offer margin up to 0.02% on currencies.

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
  • 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.

CFDs are leveraged products and can result in the loss of your capital. All information collected from https://pepperstone.com/ on November 21, 2017.