Best Forex Broker

Pepperstone Review

Pepperstone Trading Apps

Pepperstone is a very large multi asset broker, that was founded in 2010. They are licensed and regulated in many countries including; BaFin Germany, ASIC Australia, FCA United Kingdom, CySEC Cyprus, and the DFSA in United Arab Emirates.

Officially owned by the Pepperstone Group Limited, they are located at: Level 16, Tower One, 727 Collins St, Melbourne VIC 3008 Australia. Contact phone number is +61390200155, and their email address is: [email protected]. Official Website: https://PepperStone.com.

For complaints and withdrawal problems, read this.

Pepperstone Reviews

Based in Australia, with a global presence, this broker offers a wide variety of currency pairs for every type of Forex trader. They are not just a simple Forex broker, but rather the leader in Forex, Crypto, Shares, Indexes, Options & Commodity CFDs. While there are many brokers offering CFD trading for Crypto Currencies, Pepperstone is by far the leader. They have supper tight spreads, which we monitored during our review of being only $30 on $BTCUSD.

At this broker, you will have access to every trading platform you will ever need. Besides the standard MetaTrader4 desktop, web-trader and mobile apps, they offer the MT5 trading app and Smart Trader Tools, and Trading View.

The powerful trading platform CTrader is also available, and it comes as a web trader or desktop software, along with an Algo trading module. Advanced investors and connect via API and also manage MAM and PAMM trading accounts, read more.

Pepperstone MT5 Review
Pepperstone MT5 Review

Account Types & Min Deposit

This broker offers various trading account types, to accommodate all levels of investors. There are four account types to choose from, based on your style of investing; Standard, Razor, Islamic Accounts and the Active Trader Program. The main difference between them is the fixed spreads, minimum trade size, commissions, scalping, EA and Hedging.

For a new trading account, the minimum deposit requirement is $200.

Pepperstone Trading Reviews

Is Pepperstone a Legit Broker?

Yes, Pepperstone is licensed and regulated by various financial regulators, depending on your country of residence.

  • Australia: Pepperstone Group Limited is regulated by ASIC Australia with AFSL number 414530.
  • United Kingdom: Pepperstone Limited is regulated by the UK Financial Conduct Authority, number 684312, located at: 70 Gracechurch Street, London EC3V 0HR United Kingdom.
  • European Union: Pepperstone EU Limited is regulated by CySEC in Cyprus, license number 388/20.
  • Middle East: Pepperstone Financial Services (DIFC) Limited is located at: Al Fattan Currency House, Tower 2, Level 15, Office 1502 A, P. O. Box 482087, DIFC, Dubai, United Arab Emirates. They are licensed by the DFSA number F004356.
  • International: Pepperstone Markets Limited is licensed & regulated by the Securities Commission of The Bahamas, license: SIA-F217.

Using an FCA licensed broker in the United Kingdom means, that your money is insured up to £85,000 by the Financial Services Compensation Scheme Protection. Also, your money is kept in a segregated account at; the National Australia Bank in Australia or at Barclays in the United Kingdom.

“CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.8% 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.”

PepperStone Open Account

Compare Regulated Brokers

Comparing between different Forex brokers is actually very easy, once you know what to look for. The first thing to check for, is a valid license from ASIC or the FCA. A legitimate broker is licensed and regulated, while a scam broker is not. 

If you were solicited by a phone call from a broker offering to manage your money, you can be sure that they are a scam.

Existing clients of this broker, please share your experience with new traders, in the comments section below.