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Broker Information

  • Company Name: Pepperstone
  • Founded: 2010
  • Country: Australia

Platform Info

  • Platform: MetaTrader 4, MetaTrader 5, cTrader
  • Web Based: Yes
  • Mobile Trading: Yes

Broker Services

  • Regulators: ASIC, FCA
  • Minimum Deposit: $100
  • Leverage: 1:500
  • US Clients: No
  • Funding Methods: Credit & Debit Card
  • Pairs Offered: 84+

Pepperstone Review

Founded in 2010, Pepperstone has become a truly global Forex and CFD brokerage, with an impressive regulatory profile and offering a decent selection of commercial products, including cryptocurrency-based CFDs. In this review, we will look more closely at the various operational aspects of the brokerage, as well as the types of account and trading conditions, among other things.

As stated above, the parent company behind the Pepperstone brokerage brand is Pepperstone Group Limited, and it dates back to 2010. Pepperstone Group Ltd is, in fact, the corporate manager of the brand in Australia to this day. It has the ASIC license and offers financial services to clients in Australia, as well as to several different countries (which are not really covered by the ASIC regulatory umbrella). Pepperstone Group Ltd. is a registered Australian company (its registration number is ACN 147 055 703. Its ASIC license number is AFSL 414530. As a regulated operator, Pepperstone Group keeps the money of its customers in segregated accounts with the National Australia Bank. The operation is subject to periodic third-party audits by Ernst and Young It has been said above, but it is worth repeating: if you are in a country outside of Australia, the AFSL mentioned above does not protect you.

The European side of the operation has a different corporate stakeholder: Pepperstone Ltd, based in the United Kingdom and licensed by the country’s FCA. Unlike the Pepperstone Group, Pepperstone Ltd was only registered in 2016. However, through it, merchants from both the UK and throughout the EEA can take full advantage of the services offered by the brokerage.

The registration number of Pepperstone Ltd is CN 08965105. The FCA license number of the operation is FRN 684 312. The address of the operation is 68 Hanbury Street, London, E1 5JL, United Kingdom. Like its parent company, Pepperstone Ltd. keeps its customers’ money also in segregated bank accounts, with Barclays.

Pepperstone’s official website provides complete legal documentation to all customers of the brokerage, documentation that can be downloaded for free.

Now that the background and regulatory status of the operation are clear, let’s take a closer look at what the brokerage offers in the way of exchanging products.

Pepperstone Trading Products

Currency trading is one of the main attractions of the operation, although it must be said that not all the comments of users available in this regard are positive. Even so, Pepperstone has no less than 70 currency pairs, including major, minor and exotic. The brokerage seems to be proud of the fact that in large companies such as the EUR / USD and the GBP / USD, it has differentials from 0.0 pips. The maximum leverage is also quite impressive in Forex: 1: 500.

With respect to the Indexes, Pepperstone offers some 13 CFDs, which cover most of the important recesses of the global economy. Pepperstone boasts an excellent commercial execution (although it is known that some of its customers also complain about it). Apparently, all commercial configuration is optimized for institutional merchants, which means that retail customers are offered access to the same technology.

The selection of precious metals covers assets such as gold, platinum, palladium and silver. The minimum transaction size in these assets has been set at $ 0.10 per pip, and the maximum available leverage is 1: 500 in this category as well. No commissions are charged on the products.

The Energy section is about assets such as oil and gas. The commercial conditions are also quite attractive in this category. We have differentials from 0.04 and margin requirements of AUD 0.81-AUD 1 per minimum operation size. Traders can also use the leverage of 1: 500 on these assets.

The Crypto section covers CFDs based on Bitcoin, Ethereum, Dash and Litecoin. The maximum available leverage on these underlying assets is only 1: 5, and trading conditions are generally not as attractive as in the aforementioned categories. However, all this is quite understandable, given the semi-regulated nature of these markets and the extreme volatility that characterizes them. Again, these are CFDs (Contracts for Difference), financial derivatives, which means that only the price changes of the crypts mentioned above will be exchanged, and you will never be able to buy crypts through Pepperstone.

Commercial terms

Pepperstone offers detailed information about the business conditions associated with each of its asset classes described above. The same goes for swap rates. According to the site, the attractive margins are possible thanks to the Edge technology used by the operation, as well as to no less than 11 trading platforms.

Pepperstone currently participates in Equinix Financial eXchange, a cutting-edge network of execution venues and commercial servers. In this way, the broker has unlimited access to a wide range of low latency networks, as well as some really impressive VPS hosting options, which wonderfully complement the MT4 EAs.

Pepperstone account types

The standard Edge account is the entry level account of the brokerage. Requiring a minimum deposit of only AUD 200, it is in fact very accessible. It has spreads from 1 pips and no commissions. It offers STP execution through 22 banks and ECNs.

The Edge Razor account offers much better spreads, but also includes commissions. The minimum deposit required for this account is AUD 200 as well. The account allows scalping, coverage, as well as the use of EA.

The Islamic account of Pepperstone is an account without swap, which in fact is totally Swap-Free. The minimum deposit required is USD 200. The average spreads on this account, in a currency pair like the EUR / USD, range from 1 pips to 1.2 pips. There are no commissions. This account also allows scalping, coverage and EAs.

The Active Traders account is aimed at institutional investors and retailers, who can afford to move large amounts of money through their operations. This account also has custom account managers, VPS hosting, advanced reports and custom trading solutions. Users of these accounts can operate through API, as well as through third-party trading platforms.

Pepperstone Trading Platforms

As stated above, the brokerage offers no less than 11 trading platforms. Some of these are basic products of the industry, such as MT4 and MT5, while others are mobile and web operators. The main web merchant of the brokerage is a solution based on MT4, which offers most of the advantages and features of the full version.

The same MetaTrader 4 (its full and downloadable version) is available in different versions for Windows and for Mac. The cTrader suite also offers a Windows-based solution, in addition to another web merchant.

The MAM accounts

Pepperstone Conclusion

Pepperstone covers everything a Forex / CFD expert might need. From the MAM / PAMM accounts detailed above, to the EAs and VPS hosting, and a really impressive selection of trading platforms, in fact it has all the bases covered. Their commercial conditions are great for the most part, although the opinions of the users about various aspects of the service could be better …

Read all forex broker reviews.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

 

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