Pepperstone is a popular online broker that was founded in 2010. They are licensed and regulated by ASIC Australia, FCA in United Kingdom and DFSA in United Arab Emirates.
Official Website: https://PepperStone.com.
As the leading Forex broker in Australia they offer a very wide variety of currency pairs and crosses for every type of Forex trader. They are not just a simple Forex broker, but rather the leader in Forex, Crypto Currency CFD’s, Shares, Indexes, Options, & Commodities.
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 now have the new MetaTrader5 and Smart Trader Tools, look here.
cTrader is a unique and very powerful trading platform, that comes in web trader and desktop versions, along with the Algo trading module. Advanced investors and connect via API and also manage MAM and PAMM trading accounts.
Pepperstone Account Types
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, see here.
Crypto Currency Trading
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 $10 – $15.
As you can see in the picture below.
Is Pepperstone a Good Broker?
Yes, Pepperstone is licensed by various financial regulators, depending on your country of residence. Using a United Kingdom FCA licensed broker means that your money is insured up to £50,000 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.
- 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.
- 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.
Officially owned by the Pepperstone Group Limited, they are located at: Level 5, 530 Collins Street, Melbourne VIC 3000 Australia. Contact phone number is +61 3 9020 0155, and their email is [email protected]. Official Website: https://PepperStone.com.
For complaints and withdrawal problems, read this.
“CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% 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.”
Compare The Best 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.
*80.5% of retail CFD accounts lose money
If you are already investing with this broker, please share your experience with new traders, in the comments section below.