Pepperstone Video Review
Investor Protection & Regulations
“Pepperstone has a high level of regulatory oversight from the Australian Securities and Investments Commission (ASIC) as well as the UK’s Financial Conduct Authority (FCA).”
Pepperstone is authorised by the highly credited UK’s Financial Conduct Authority (FCA), as confirmed below via the FCA register:
Through the European Union Financial Passporting Rights, Pepperstone is also authorised to provide financial products and services in other European Economic Area (EEA) regions, including the following countries as listed on the FCA’s website:
The Pepperstone Group is also registered and regulated by the Australian Securities and Investments Commission (ASIC) as confirmed on the ASIC register below:
According to the broker’s website, Pepperstone add further protection to clients by:
Segregating client funds with tier one banks.
Stating in their UK Terms and Conditions (updated in May 2019) that clients are eligible for the Financial Service Compensation Scheme up to a maximum of £50,000.
Pepperstone does not accept clients from the following regions: Afghanistan, American, Samoa, Myanmar, Canada, Central African Republic, Cote D’Ivoire Congo, Kinshasa Congo, Brazzaville, Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Guinea Bissau, Iran, Iraq, Japan, Lebanon, Libya, Liberia, Mali, New Zealand, North Korea, Democratic People’s Republic of Korea, Somalia, South Korea, Sudan, South Sudan, Syria, U.S Outlying Islands, U.S Virgin Islands, Yemen, Zimbabwe, United States, Argentina, Kazakhstan.
“At Pepperstone, clients can trade 156 Forex, CFD and Futures markets across 62 Currency pairs, 62 Shares, 14 Indices, 7 Futures, 6 Commodities and 5 Cryptocurrencies.”
A wide range of asset classes and products are available to trade on with Pepperstone. Below is a list of just
some of the markets available to trade on:
Number of instruments
62 currency pairs.
AUDUSD, AUDNZD, CADJPY, EURUSD, EURGBP, GBPAUD, GBPCHF, NZDUSD, USDCAD, USDCHF, USDJPY and more…
62 Share CFDs.
Alibaba, Amazon, Bank of America, Goldman Sachs, IBM, Netflix, Pfizer, Tesla, WalMart and more…
14 Index CFDs.
Australian 200, Germany 30, Japan 225, UK 100, US 500, US Tech 100, US Wall Street 30, Hong Kong 50, China 50 and more…
13 Spot and Commodity Futures.
Gold, Silver, Platinum, Cotton, Sugar, Cocoa, Brent Crude Oil, Natural Gas and more…
5 Cryptocurrency CFDs.
Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin.
Trading costs such as spreads and commissions vary depending on the account type and trading platform being used which are both discussed further down this review. For example, according to the broker’s statement, the average spread on EURUSD is 0.16 on a Razor account and 1.16 on a Standard account.
* Details regarding the available assets are taken from Pepperstone’s website and are correct at the time of this review.
“Pepperstone offers three types of live trading accounts called Razor, Standard and Swap-Free, as well as the use of a free demo trading account.”
Pepperstone offers a variety of trading accounts listed below, that are all based around their three core trading accounts: Razor, Standard and Swap-Free.
Some of the features are listed below:
While Pepperstone offers three types of live trading accounts – all with their own individual benefits as shown above – there are some unique features that are
included across all accounts, such as:
Getting started with a live account, or a demo trading account is fairly simple and can be done by clicking the ‘Create Account’ tab at the top of their website. This will then open up an account registration page involving four steps to create a live trading account or three steps for a demo trading account:
Pepperstone’s trading accounts are ideal for beginner and advanced traders alike. However, they also offer accounts for:
Professional clients. Eligible clients can trade up to 500:1 leverage on certain instruments.
Active Trader. Eligible clients can receive rebates on their FX trades executed on Razor accounts.
Deposit & Withdrawals options
“Pepperstone offers multiple ways for traders to fund their trading accounts such as bank wire transfer, credit card, Paypal, Neteller, Skrill, QIWI and more.”
With Pepperstone, traders have a range of options in depositing funds into their trading accounts. This includes traditional methods such as bank wire transfer or MasterCard or Visa credit card. However, other options also include Paypal, Neteller, Skrill and QIWI.
Withdrawing funds from Pepperstone can be processed on the same day if withdrawals are made before 8 am GMT but must be returned to a bank account in the same name as the client’s Pepperstone trading account. Withdrawals can be made via bank transfer, Paypal, Neteller or Skrill with a list of options in the secure client area on the broker’s website.
Withdrawals via bank wire transfer can take between 3 – 5 trading days to reach a client’s account and any International Telegraphic Transfer (TT) fees charged by Pepperstone’s banking institution will be passed on to the client.
Web & Desktop Trading Platforms
“Pepperstone offers an impressive array of different trading platforms for Web and Desktop via MetaTrader 5, MetaTrader 4, MetaTrader Web Trader, cTrader and cTrader Web.”
Traders can download and use Pepperstone’s trading platforms with ease through the ‘Secure Client Area’. The following trading platforms are available:
MetaTrader 5 Downloads:
The MetaTrader 5 trading platforms offer a variety of features including:
21 viewable timeframes and 38 inbuilt trading indicators.
Built-in economic calendar and compatibility with AutoChartist and Smart Trader Tools packages.
One click trading as well as advanced pending orders.
Multiple language support including Arabic, Chinese, Vietnamese, Thai and a wide variety of European languages.
MetaTrader 4 Downloads:
The MetaTrader 4 trading platforms offer a variety of features including:
85 pre-installed indicators and 28 additional Smart Trader Tools.
One-click trading and a host of order management tools and Expert Advisors.
Multiple language support including Arabic, Chinese, Vietnamese, Thai and a wide variety of European languages.
The cTrader trading platforms offer a variety of features including:
Advanced features to control order fills and functionality.
Large range of in-built trading indicators.
Detailed trade analysis to identify patterns in trader behaviour, as well as educational videos within the platform.
Multiple language support including Russian, French, Chinese and a range of European languages.
All the trading platforms on offer provide unique advantages to both beginner and professional traders. The use of a demo trading account is useful for traders to test out any one of the platforms offered by Pepperstone.
Mobile Trading Platforms
“Pepperstone offers browser-based mobile trading as well as the popular MetaTrader and cTrader mobile trading apps.”
Traders can download the:
MetaTrader mobile trading app for Android and iOS operating systems and connect their Pepperstone trading accounts.
cTrader Pepperstone Limited app on Android and iOS for mobile trading as highlighted below:
The cTrader Pepperstone Limited mobile trading app comes with unique features, of which
some are listed below:
26 timeframes and 4 chart types.
50+ trading indicators.
Email alert configuration.
Support in 22 languages.
“Pepperstone offers additional unique trading products such as AutoChartist, Smart Trader Tools and API trading.”
Clients trading with Pepperstone are offered a unique set of additional products to aid in their trading. These include:
AutoChartist. This programme can be downloaded into Pepperstone’s MetaTrader platform where traders can use Market Scanners, Probability filters, advanced Risk Management tools, additional Technical indicators and a Volatility Analysis function.
Smart Trader Tools. This package for Pepperstone’s MetaTrader 4 and 5 platforms offers advanced expert advisors such as a Correlation Matrix, Sentiment Trader and a Trade Simulator, as well as advanced trading indicators such as Pivot Points, Renko and support and resistance Gravity lines.
API Trading. Pepperstone supports automated trading via API offering benefits such as increased ability to see depth of market and the advantage of accessing multiple liquidity providers.
Multi-terminal free download for MT4. A management tool that lets you place trades across multiple MT4 accounts at once.
Commissions & Spreads
“Trading costs with Pepperstone come from a mixture of spreads, swaps and commissions with competitive offerings depending on the type of trading account opened.”
Pepperstone’s trading costs depend on the type of account opened: Razor, Standard or Swap-Free. Spreads are variable as prices are derived from multiple sources and differ depending on the time of day due to liquidity.
Some examples are provided below and more can be found on their website:
While the Razor account offers competitive institutional grade spreads there are commissions payable on per lot of trading described further below but no commissions are payable on Standard (apart from usual overnight swaps) or Swap-Free accounts.
Commodity and Index Spreads
some examples of Pepperstone’s typical spreads during market hours:
Razor Account Commissions
For traders using Pepperstone’s Razor accounts institutional grade spreads, the commission per lot varys depending on the platform being used (MetaTrader 4, MetaTrader 5 or cTrader). For example:
Further details on MetaTrader 5 and cTrader Razor account commissions can be found on their website.
Both Index CFDs and Cryptocurrencies are commission free.
Swap rates for holding positions overnight vary and can be found in both the MetaTrader and cTrader trading platforms.
Bonus & Promotions
“Pepperstone currently offers cash rebates for high-volume traders but no other promotions.”
Broker bonuses and promotions are subject to change. However, Pepperstone currently offer forex traders cash rebates that are paid daily. The amount depends on how many standard lots are traded each month and are only available for FX trades executed on Razor accounts.
“Pepperstone offers 24 hours a day, 5 days a week multiple language support across email, phone and live chat.”
Pepperstone offers customer support in multiple languages including English, Spanish, Portugese, Arabic, Russian, Thai, Chinese and Vietnamese. 24 hours a day, 5 days a week customers can contact Pepperstone a variety of ways, such as:
Phone Australian offices +61390200155 or London offices +44(800)0465473
Live Chat function from Pepperstone’s website
Clients can also reach Pepperstone through social channels such as Facebook and Twitter.
“Pepperstone offers a wide range of market analysis and commentary through videos, text, social channels and newsletters.”
Traders can stay in the know through Pepperstone’s Market Analysis webpage which features market news, market analysis and commentary as well as an economic calendar. Through social channels Pepperstone also offer live webinars and a subscription to their newsletter.
Real-time news can also be found in the MetaTrader and cTrader desktop platforms. The AutoChartist tool, as discussed previously in this article, also offers real-time news and technical research functions.
“Pepperstone offers some trader education through articles, guides and videos on their homepage.”
The trader education offered from Pepperstone covers different aspects of the trading process. This includes:
Learn to trade forex and CFD articles
A video-based MetaTrader 4 course
Live and past-webinars covering a variety of topics
While there is a video-based MetaTrader 4 course there is a lack of resources on using cTrader but this can be found elsewhere online. The ‘learn to trade’ articles are useful but very limited in content. The stand out service is the live and past-webinar recordings which help to give a more practical trader education service.
“The trading accounts and platforms available offer unique benefits to both beginner and professional traders.”
From our observations, the trading account and platforms on offer are suited to both beginner traders and professional traders alike. Having the ability to use the two of the world’s most popular Forex trading platforms MetaTrader and cTrader is very useful as there are many resources available online in how to best use these platforms.
Pepperstone go above and beyond and offer additional tools such as the AutoChartist and Smart Trader Tools packages which are highly beneficial for more advanced traders and beginner traders looking to transition upwards in using more professional tools and advanced order management functions.
Both beginner and advanced traders will also enjoy the ability to use MetaTrader and cTrader on both Android and iOS operating systems.
Is Pepperstone regulated?
Yes, Pepperstone is regulated by the Australian Securities and Investments Commission (ASIC) and the UK’s Financial Conduct Authority (FCA).
Where is Pepperstone based?
Pepperstone is headquartered in Melbourne, Australia.
How does Pepperstone make money?
As Pepperstone offer a no-dealing desk execution service, the broker makes money through spreads, swaps and commissions on certain trading products and instruments.
How do I deposit in Pepperstone account?
Funds can be deposited into a trading account via bank wire transfer, credit card, Paypal, Neteller, Skrill and QIWI.
What is the min. deposit for Pepperstone?
The minimum deposit to open a trading account is £200.
How do I withdraw money from Pepperstone?
Withdrawals can be made from Pepperstone through the secure client area found on their homepage and be done via bank wire transfer, PayPal, Neteller and Skrill.
What is the max leverage in Pepperstone?
The maximum leverage offered by Pepperstone is 1:30 for Retail clients which are in line with ESMA regulations. Those eligible for Professional client status can receive up to 1:500 leverage on certain products.
How do I open an account with Pepperstone?
An account can be opened at the click of a button on the Pepperstone website and can be done in just four steps.
Does Pepperstone use MetaTrader?
Yes, Pepperstone does offer MetaTrader 4, MetaTrader 5, MetaTrader Web Trader and the MetaTrader mobile app.
“Pepperstone provides a competitive and transparent offering that is suitable for both beginner and professional traders across a variety of asset classes.”
Pepperstone offers traders the ability to trade on 156 Forex, CFD and Futures instruments across Forex, Stocks, Commodities, Indices and Cryptocurrencies. Three different accounts are on offer called Razor, Standard and Swap-Free. Each of these provide a unique individual offering such as institutional grade spreads with no mark-ups on FX trading Razor accounts to commission free trading on certain products in Standard accounts.
With the ability to trade on the world’s most popular Forex trading platforms MetaTrader 4, MetaTrader 5 and cTrader – across Windows, Mac, Web, Android and iOS – Pepperstone cater to all types of traders. Many traders will also enjoy the additional features of AutoChartist and the Smart Trader Tools packages.
Pepperstone offer a high level of regulatory oversight from ASIC and the FCA and are transparent in keeping clients funds segregated and held with tier one banks. With competitive spreads and commissions and products such as the Active Trader programme, both beginner and professional traders will most likely benefit from trading with Pepperstone.
Competitive spreads and commissions.
Wide range of trading platforms across all operating systems.
AutoChartist and Smart Trader Tools packages free for users.
High regulation and multiple language customer support.
Educational resources section could be developed further for beginner traders.