Pepperstone was founded in Melbourne, Australia back in 2010, to become one of the leading online, forex and CFD brokers with offices in London, Dallas, Shanghai and Bangkok. The broker is regulated both by the Financial Conduct Authority in the UK and the Australian Securities and Investments Commission.
They offer over 150 instruments across FX, indices, equities, cryptos, energy and commodities on three powerful trading platforms – MetaTrader4, MeataTrader5 and cTrader, with a choice of two account types.
In fact Pepperstone is one of the world’s largest MT4 brokers.
Pepperstone was voted number 1 for spread in the Investment Trends 2018 Australia Leverage Trading Report, based on a survey of over 18 000 traders and investors. And it was also voted number 1 for client support in the 2019 Professional Trader Awards and the 2019 Global Forex Awards. Back in 2014 it was awarded as the fastest growing company in Australia by the BRW Magazine.
Pepperstone regulation & safety of funds
Pepperstone Group includes Pepperstone Limited, a company registered in England and Wales, and authorized and regulated by the Financial Conduct Authority (FCA) in the UK, and Pepperstone Australia, which holds an Australian Financial Services License by the Australian Securities and Investments Commission (ASIC).
FCA and ASIC are by far the most reputable regulators in the industry. Both exercise rigorous control over their brokers by requiring them to adhere to strict ethical and fiscal rules, among which to keep their clients’ funds in a segregated, protected from creditors, trust account, to maintain a certain minimum operational capital – 730 000 EUR with FCA and 1 000 000 AUD with ASIC, to guarantee traders a negative balance protection and to file regular reports.
On top of that FCA regulated brokers even have to participate in a special client compensation fund, which basically insures your trading capital for up to 85 000 GBP. This is yet another reason for you to choose a FCA regulated broker like Pepperstone.
Pepperstone trading conditions
Pepperstone spreads look pretty good both with their Razor 0.0 Account and their Standard Account. The difference between the two is that with the Razor Account you get raw spreads – starting from around 0,1 pips and there is a trading commission of $7.53 per standard lot, round turn, which yields actual spreads starting from roughly 0,8 pips, while with the Standard Account spreads start from 1 pip and there is no trading commission. This is about as good as it can get.
If you trade with Pepperstone UK maximum leverage is limited according to the local regulatory requirements and is 1:30 for retail clients. If you trade with Pepperstone Australia leverage could be as high as 1:500.
Also, if you can prove you are a professional trader your leverage could be much higher with Pepperstone UK as well.
Most orders are executed in less than 30 milliseconds.
Pepperstone trading platforms
At Pepperstone you have a choice of three classic trading platforms – the MetaTrader4, the MetaTrader5 and cTrader – available both as downloads for mobile devices and PC and as online applications. As Pepperstone puts it – MetaTrader4 being the most popular, MetaTrader5 – the most powerful and cTrader – the most user friendly, these platforms are undoubtedly the most widely used trading solutions on the market.
With MT4 and MT5 Pepperstone also offers a special Smart Trader Tools package – a suite of expert indicator, advisor and risk management tools to help improve your trade execution and performance. Needless to add that MT4 and MT5 also come with an excellent set of advance charting tools as well.
Pepperstone deposit/withdrawal methods and fees
Pepperstone accepts payments with all major credit and debit cards like VISA and MasterCard, Union Pay, bank wire and various e-wallets like Skrill, Neteller, PayPal, BPay, FasaPay, WebMoney, QIWI and POLI.
The minimum deposit requirement is 200 GBP, while the base currencies available are GBP, USD, EUR and CHF.