PEPPERSTONE REVIEW
In this Pepperstone review, we will assess its regulatory compliance, examine the spreads and commission structure, and evaluate its available trading platforms.
We will also analyze Pepperstone’s leverage offering, review its deposit and withdrawal methods, and explore the different types of accounts it offers to traders.
RATING
4.6/5
FOUNDING YEAR
2010
MINIMUM DEPOSIT
$200
Table of Contents
- PEPPERSTONE REVIEW
- RATING
- FOUNDING YEAR
- MINIMUM DEPOSIT
- ABOUT PEPPERSTONE BROKER
- PEPPERSTONE REGULATIONS
- PEPPERSTONE ACCOUNT TYPES
- PEPPERSTONE TRADING PLATFORMS
- PEPPERSTONE LEVERAGE
- PEPPERSTONE PRODUCTS
- PEPPERSTONE SPREAD AND COMMISSION
- PEPPERSTONE DEPOSIT AND WITHDRAWAL METHODS
- PEPPERSTONE REVIEW SUMMARY
- PEPPERSTONE PROS AND CONS
- OTHER BROKER REVIEWS
ABOUT PEPPERSTONE BROKER
PEPPERSTONE REVIEW
Pepperstone is a renowned online Forex and CFD broker. The broker started its operations in 2010 from Melbourne Australia with a vision to provide quality online trading services. Pepperstone Broker offers 156+ financial assets through various trading platforms. According to the Pepperstone Brokers’ website, it processes an average of 12.5 billion dollars worth of trades every single day with over 73,000 traders around the globe.
Pepperstone prides itself in being the go-to broker for Forex, Commodities, CFD Indices, and Cryptocurrencies. It offers fast execution and low spreads. It has received several awards for being the best MT4 platform including awards for the lowest spreads on major currency pairs and for the fastest execution speeds.
| Founding Year |
 2010
|
|---|---|
| Regulated |
 Yes
|
| Rating |
4.6/5 |
| Minimum Deposit |
 $200
|
PEPPERSTONE REGULATIONS
PEPPERSTONE REVIEW
Pepperstone operates under the supervision of seven regulatory authorities. Among these, the Tier 1 regulators are as follows:
- ASIC (Australian Securities & Investments Commission) – Australia
- FCA (Financial Conduct Authority) – United Kingdom
Additionally, Pepperstone has also acquired regulations from the following authorities:
- BaFin (Federal Financial Supervisory Authority) – Germany
- CySEC (Cyprus Securities and Exchange Commission) – Cyprus
- DFSA (Dubai Financial Services Authority) – Dubai
- SCB (Securities Commission of The Bahamas) – Bahamas
- CMA (Capital Markets Authority) – Kenya
These regulatory bodies ensure that Pepperstone adheres to the necessary financial regulations and safeguards the interests of its clients across various countries.
| COUNTRY | AUTHORITY |
|---|---|
 Australia |
Australian Securities and Investments Commission (ASIC) |
 UK
|
Financial Conduct Authority (FCA) |
 Germany |
Federal Financial Supervisory Authority (BaFin) |
Cyprus |
Cyprus Securities and Exchange Commission (CySEC) |
Dubai |
Dubai Financial Services Authority (DFSA) |
Kenya |
Capital Markets Authority (CMA) |
PEPPERSTONE ACCOUNT TYPES
PEPPERSTONE REVIEW
Pepperstone broker provides two types of trading account which are Standard and Razor. The difference between the two accounts is spread and commission. The average spread on the Standard account is slightly higher but it is a commission-free account. The Razor accounts offer low spreads compared to the standard account but a certain commission is charged.
PEPPERSTONE TRADING PLATFORMS
PEPPERSTONE BROKER REVIEW
Pepperstone Broker does not have a proprietary trading platform but offers a powerful range of third-party trading platforms. Its platform range includes Metatrader5 (MT5), Metatrader4 (MT4), and CTrader. These trading platforms are highly customizable and support both desktop and web-based trading. MT4 and MT5 are established trading platforms. The CTrader is more popular among CFD traders. Its interface is highly customizable and it includes extensive backtesting options. CTrader also includes cloud storage and algorithmic trading options. Moreover, Pepperstone also provides Android and IOS applications to trade on the go.
| PLATFORM | AVAILABILITY |
|---|---|
| Proprietary Platform |
 No
|
| MT4/MT5 (Windows/MAC) |
Yes
|
| Mobile Platform (Android/IOS) |
Yes
|
PEPPERSTONE LEVERAGE
PEPPERSTONE REVIEW
Pepperstone provides high leverage of 500:1 on Forex and CFD commodities. On CFD indices it offers a leverage of 200:1. Moreover, on cryptocurrencies, Pepperstone offers 20:1 leverage.
| PRODUCT | MAX LEVERAGE |
|---|---|
| FOREX | 500:1 |
| COMMODITIES | 200:1 |
| CRYPTO | 2:1 |
| CFD INDICES | 200:1 |
| CFD SHARES | 20:1 |
| CURRENCY INDICES | 100:1 |
PEPPERSTONE PRODUCTS
PEPPERSTONE BROKER REVIEW
Pepperstone Broker offers a powerful list of financial instruments to its clients. The list includes 61 major and minor currency pairs, 14 CFD indices from the US, Europe, Australia, and Asian markets. It also offers trading in precious metals like gold, silver, platinum and palladium. Finally, Pepperstone also offers CFD commodities such as cocoa, cotton, orange juice, sugar, crude oil, natural gas, and coffee.
| PRODUCTS | AVAILABILITY |
|---|---|
| Multi Assets |
Yes
|
| Forex |
Yes
|
| Crypto |
Yes
|
| CFD Stocks |
Yes
|
| CFD Indices |
Yes
|
| CFD Commodities |
Yes
|
PEPPERSTONE SPREAD AND COMMISSION
PEPPERSTONE REVIEW
Pepperstone offers variable spreads on its MT4 and MT5 trading platforms. The average spread on the EUR/USD for the Razor account is 0.13 pips. Likewise, the average spread on the Standard Account is 1.13 pips. On the Razer Accounts, the minimum spread on EUR/USD is also seen dropping to 0 pips in most liquid times.
Pepperstone commission rate varies from account to account. On the Razor MT5 account, the round-turn commission for a standard currency lot (100,000) is $7. At the same time, the commission on the MT4 Razor account is $7.53.
The commission on CFD Indices is 0.02% of each CFD unit.
The commission on CTrader Account is again different. it has a 7-unit charge which refers to the first currency being traded in the pair. For instance, GBP/USD = £7 per lot traded. This value is then converted to your account currency at market rates.
The standard account is commission-free while on the Commission account, there is a $5 fee for a standard currency lot. For the DMA account, the commission is based on the monthly volume. For instance, on a trading volume between $0 to $100 million, the commission is $60 per one million traded.
| PRODUCT | SPREAD RANGE |
|---|---|
| Forex | 0.7 - 1.2 |
| Commodities | 0.3 - 2.5 |
| Indices | 1 - 2.0 |
PEPPERSTONE DEPOSIT AND WITHDRAWAL METHODS
PEPPERSTONE BROKER REVIEW
Pepperstone Broker offers multiple deposit and withdrawal methods. It accepts wire transfers and all major credit and debit cards. It accepts e-wallets like Neteller, Skrill, and Paypal. Pepperstone does not charge any fee to deposit funds through wire transfer and debit or credit card. However, It charges a $20 transfer fee to withdraw the funds to the bank accounts.
Withdrawal requests received before 07:00 (AEST) are processed on the same day. However, the actual fund’s transfer to your bank account may take 3-5 business days.
The credit and debit card transactions are instant. There is no minimum deposit requirement however, the minimum amount to withdraw is $100. It’s important to know that account holders can withdraw funds only to a verified account. Moreover, Pepperstone does not accept deposits from third-party accounts.
| METHOD | AVAILABILITY |
|---|---|
| Credit/Debit Card |
Yes
|
| Wire Transfer |
Yes
|
| E-Wallets |
Yes
|
| Crypto |
No
|
PEPPERSTONE REVIEW SUMMARY
PEPPERSTONE REVIEW
Pepperstone has emerged as the fastest-growing Forex broker in the past decade. It provides an extensive list of third-party trading platforms, fast execution speed, competitive fees, and top-notch customer service. Its strengths in educational resources, and customer support also make Pepperstone Broker a preferred choice for many traders.
On its downsides, Pepperstone does not offer a proprietary trading platform and has a limited options of cryptocurrencies. However, Pepperstone’s extensive third-party trading platforms, along with features like social copy-trading and comprehensive research tools, effectively offset the downside of not having a proprietary trading platform.
In a nutshell, Pepperstone is a reliable choice for new and experienced traders who can benefit from invaluable third-party market analysis, insightful in-house commentary, and informative learning webinars.
PEPPERSTONE PROS AND CONS
PEPPERSTONE REVIEW
| Pros |
Cons |
|---|---|
| Multi Asset | No Proprietary Platform |
| Multi Regulated | |
| Comprehensive Education | |
| Low Minimum Deposit | |
| Copy Trading | |
| Huge List of Instruments | |
| Low Spread |
OTHER BROKER REVIEWS
