Pepperstone Review

Pepperstone Review 2024

Written by  Tina Lebed               Updated: 3 weeks ago

Quick Overview of Pepperstone

Pepperstone (Pepperstone.com) was established in 2010 in Melbourne, Australia, by professional traders dissatisfied with the service quality of most brokers. To overcome common industry drawbacks like high commissions and delayed order executions, the founders focused on enhancing the technical aspects. Their goal was to revolutionize online trading and set a high standard.

Today, Pepperstone provides clients worldwide with top-notch technological solutions and favorable trading conditions. The company offers professional tools that help traders master trading and significantly boost their efficiency. Additionally, Pepperstone’s platform is regulated by seven authorities, including ASIC (Australian Securities and Investments Commission, AFSL No.414530), FCA (UK Financial Conduct Authority, 684312), DFSA (F004356), BaFin (151148), CMA (128), SCB (SIA-F217), and CySEC (388/20). Furthermore, Pepperstone maintains clients’ assets in aggregated accounts with several major global banks, ensuring reliability and capital safety. This Pepperstone review highlights the company’s commitment to excellence and security.

 

Why choose Pepperstone

Pepperstone stands out as a premier broker for forex and CFD traders, offering a well-balanced mix of competitive fees and a robust selection of forex/CFD products. Their forex fees are especially attractive. Although Pepperstone primarily uses the traditional MetaTrader platforms, which might not appeal to novice traders, you can conveniently connect your Pepperstone account to external trading interfaces like the popular TradingView platform.

Pros

  • Quick and entirely digital account opening
  • Effortless and cost-free deposits and withdrawals
  • Excellent educational materials

Cons

  • Primarily offers CFDs
  • MetaTrader platform is quite basic
  • Live chat response is slow

 

Visit Pepperstone

Fees

Pepperstone offers low fees for forex and non-trading activities, with no charges for inactivity or account maintenance. However, the CFD financing rates are relatively high for certain assets.

Pros

  • Experience low latency, rapid execution, tight spreads, and competitive pricing across all available markets
  • No fees for withdrawals
  • No charges for inactivity
  • Trade with leverage up to 1:30 in a secure, regulated environment
  • 24/7 customer support
  • Maximize your trading potential with Pepperstone favorable swap rates, earning or paying interest for overnight positions.

Cons

  • Elevated costs for maintaining overnight positions
  • Cryptocurrencies are not available to UK retail clients
  • Standard Account spreads are somewhat behind the top industry leaders
  • Investors trade only derivatives, meaning they don’t own the underlying assets

 

We evaluated Pepperstone’s fees against those of two comparable brokers, IC Markets and Axi. These competitors were chosen based on objective criteria such as product offerings, client profiles, and fee structures.

 

Trading Markets Available on Pepperstone

In this section of the Pepperstone review, we outline the various markets you can trade:

• Forex: Trade major currency pairs such as EUR/USD and GBP/USD, along with minors, crosses, and exotic pairs.

• Stocks: Speculate on stocks from the UK and international markets, including the US, Australia, Germany, and Europe.

• ETFs: Access diversified ETF portfolios covering emerging market stocks, energies, government bonds, commodities, and more.

• Indices: Diversify into global stock indices like the Dow Jones, S&P 500, and NASDAQ 100. UK-focused traders can also trade the FTSE 100.

• Commodities: Trade a wide range of commodities, including gold, silver, natural gas, oil, platinum, and corn.

 

 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Pros / Cons
  • 1,200+ tradable assets
  • Attractive trading conditions
  • Fast order execution - 30 ms on average
  • Low fees
  • Support service works only 24/5
  • No cent account option available