Pepperstone Review: Is It Realible? — Safetrading
Pepperstone is the legit ECN Forex broker from Australia that is regulated by the Financial Conduct Authority of Great Britain (British FCA) and Australian Securities and Investments Commission (ASIC).
If you want
to trade Forex and have a significant amount of money to invest, you have to find a really reliable broker.
With
Safetrading you are able to go through the most popular brokers and to find the best for you according to your demands.
Today, in this Pepperstone review, we will talk about Australian broker Pepperstone, it’s features, regulations, Pepperstone withdrawal issues, advantages and disadvantages.
Let’s go - you will not find this information in other Pepperstone reviews!
What Is Pepperstone?
Pepperstone started its activity almost 10 years ago - in 2010 in Melbourne, Australia.
It looks like they had not very good experience in trading and decided to open their own trading platform. The platform they worked with had some problems like bad support, high spreads, etc.
And… What could be better than creating another platform but better?
And today Pepperstone offers the best technologies, low spreads and professional instruments to trade with.
Regulations
As I told you before, they are regulated by British FCA and ASIC, and this info you can find in other Pepperstone reviews as well.
Pepperstone company operates under two legal entities.
Pepperstone Limited
It works with accounts in Great Britain and other countries of the European Economic Area (EEA) and is regulated by British FCA.
Also, for situations when the company went bankrupt or made any scam actions, there is FSCS protection of 50,000 GBP per person.
Pepperstone Group Limited
It works with accounts created outside of EAOC and is regulated by ASIC.
Pepperstone Account Types
At the beginning of this Pepperstone review I want to tell you about countries from which it is impossible to open the account:
- USA
- Canada
- New Zealand
- Japan
Then, there are some countries citizens from which are not allowed to open accounts: Burma, Côte d'Ivoire, North Korea, Democratic Republic of Congo, Eritrea, etc.
You can open your account in USD, GBP, EUR, CHF, PLN, JPY, CAD, NZD, SGH, and HKD.
There are four types of accounts - Standard, Razor, Swap-Free and Active Traders Account. Let’s talk about them more.
Standard | Pepperstone Account Types
Accounts of this type don't have fees, but have the built-in spread - 1,0 pips, acting as an additional fee between inter-bank rates and rates for users.
The leverage is from 1:1 to 1:500. You can set your leverage during setting up the account.
If you are a newcomer, don’t even think about choosing 1:500 leverage! I advise you not to use leverage at all and to learn at first.
There are no minimal deposits, you can open your account even without depositing and to decide which sum of money to invest later.
Razor Accounts | Pepperstone Account Types
These accounts are for professional traders.
They allow for Pepperstone spreads at a rate of 0,0 pips. Fees are not very high - each traded lot costs 3,5 AUD.
By the way, you can work with hedging and scalping with 1:500 coefficients.
The account opening costs 200 AUD and, as I told you before, gives a lot of opportunities for a professional trader and is a secure account Pepperstone offers.
Here you can open the program “Active Trader” and Islamic Account.
The Active Trader Program is like a Pepperstone bonus and is for traders who trade 200 lots per month minimum.
You will get the following services:
- Personal manager who will help you to achieve your trading goals;
- Enhanced reporting;
- EDGE hosting services to use the possibility of minimal Pepperstone delays;
- Custom trade solutions - trading with a lot of different platforms and solutions.
You will get fees discounts as well:
- 200 lots/month - 1 AUD discount;
- 500 lots/month - 1,5 AUD discount;
- 1500 lots/month - 2 AUD discount;
- 5000 lots/month - 3 AUD discount.
Swap-Free Accounts | Pepperstone Account Types
Here you will need to pay no fees as well. This account, as you can from it’s title, is for traders who can’t pay or receive swaps.
Still, to open this account you need to deposit $200. You can open this account in USD, AUD, EUR or SGD.
As a Razor Account, Swap-Free Account allows scalping and hedging.
Pepperstone Markets
Let’s look at what you can trade on Pepperstone.
Forex
Pepperstone global investment possibility offers more than 80 currency pairs to trade on Forex.
The minimal leverage for Forex trading is 1:500.
CFD
CFD is a very risky instrument - you can lose your money very fast. According to the statistics, 76.5% of traders lose the money trading CFD with Pepperstone.
To trade CFD you need to understand how it works very properly!
Exchange Indices
Pepperstone offers 13 main indices like AUS200, US30, HK50, Japan 225 and GER30, etc.
Cryptocurrencies
You can trade Bitcoin, Ethereum, Litecoin, DASH for USD.
Commodities
Precious metals( gold, silver, platinum and palladium) are offered as six different pairs with USD and EUR.
Energy as two types of oil (Brent and US) and American natural gas are traded for major currencies.
Also you can trade coffee, sugar, cacao, cotton and orange juice.
Education
Okay, I am sure we have a lot of newcomers who want to trade reading this Pepperstone review.
But how should they learn how to trade?
Almost every trading platform offers education which is free.
- Educational videos on trading platforms MT4 Trader and cTrader;
- Education on Forex trading: orders types, technical analyses, etc;
- Trading education like the first rule of Forex, first deal psychology, etc.
So, as I think, it is definitely enough for newcomers. By the way, the content is not boring, so go and start your Forex education!
Final Thoughts
After this Pepperstone review, I can tell you it is a very good broker with low Pepperstone spreads and different options to offer.
It is good that if you want to open a Standard account, you don’t need to deposit even $1! Fees are very low or even none at all.
And there are a lot of advantages for professional traders in the Active Trader Program.
With Pepperstone you can become a good trader - start with their educational materials.