4.7/5

  • Regulated
  • Offer full MetaTrader Suite along with CTrader platform and TradingView
  • Multiple Social trading platforms available.
  • Great customer support
  • Offers VIP Client service
  • Not available in the US.
  • High minimum deposit

Overview


  • Leverage:
    1:30 to 1:400
  • Min. Deposit:
    200 US$
  • Platforms:
    MT4, MT5, cTrader, TradingView
  • Regulation:
    ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN

Pepperstone Review

Table Of Contents

At A Glance

Broker’s NamePepperstone
HeadquarteredNassau, New Providence
Year FoundedYear Founded
Websitehttps://pepperstone.com/en/
Demo AccountYes
Maximum Leverage500x
Platform TypesComplete MetaTrader Suite (MT4 & MT5), TradingView and cTrader
Minimum Deposit$200
Regulatory AuthoritiesASIC, FCA, DSFA, and SCB

Pepperstone In Glance

Pepperstane is one of the finest brokerage platforms that is regulated by various regulatory entities. It is one of the largest brokers that process $12.55 bn traders per day and offers trading in multi-assets like Forex, Shares, ETFs, Commodities, Indices, and Cryptocurrencies.  

Security Of Funds

Pepperstone is a reliable and trusted forex broker that also offers trading in other markets via CFDs. Pepperstone is regulated by 7 national regulations. 

Trading Platforms

Pepperstone offers four trading platforms- Mt4, MT5, cTrader and TradingView.  These trading platforms can be accessed by the traders on windows and MAC OS for desktop and iOS and Android for mobile and tablets, and on Web app and WebTrader.

MetaTrader4

MetaTrader4 is the world’s most popular trading platform among new traders and experienced traders. 
mt4 platformFeatures Of MT4

  1. Allows traders to customise the platform according to their needs
  2. Build and run EAs
  3. Autochartist feature
  4. Gives access to 28 Technical indicators and EAs 
  5. Allows online trading tools too plugin
  6. 85 pre-installed indicators available for desktop app

MetaTrader5

MetaTrader5 is an advanced version of MT5 with access to new features that allows traders to trade complicated trading strategies.

Mt5 Platform

Features Of MT5

  1. User friendly interface
  2. It is easier to code with MQL5
  3. Efficient Platform customisation
  4. 21 Timeframes
  5. Ability to hedge 
  6. 38  in-built indicators

cTrader

cTrader is an intuitive trading platform that is easy to use and has advanced order capabilities like fast entry and execution of the traders and customisations such as coding.

Features Of cTrader

  1. Allows to control order fills
  2. Advanced risk management and order functionality
  3. Coding in C# and open API trading available
  4. Provides optimised process of EAs and Indicators
  5. Offers advanced platform customisation with cTrader automate 

TradingView

TradingView is equipped with advanced and efficient charting tools.

pepperstone TradingView

Features Of TradingView

  1. Efficient charting technologies
  2. Uses Pine coding language that is easy to learn
  3. Vast range of indicators (in-built and customised)
  4. Trade directly from TradingView charts

Trading

With a complete MetaTrader Suite and cTrader and TradingView trading platform, Pepperstone can be considered to be the best trading platforms for advanced traders. However the high minimum deposit and high commissions do not make it suitable for beginners or the traders with inadequate amounts of funds. 

Advanced Trading

Pepperstone offers many advanced trading tools to allow traders to trade complicated trades with ease. It also offers three copy trading platforms for the trader who does not want to trade on their own. 

Advanced Trading Tools

  1. Capitalise.ai : Capitalise.ai offers Code-free trading automation and allows 24*7 monitoring of the market, research and analyses with backtesting and stimulated trading strategies using freestyle text to improve their performance.  
  2. Smart Trader Tool : It is a suite of tools for traders using Expert Advisors which helps in improving the execution and management of the trade.
  3. cTrader Automate : ctrader Automate. Api is designed specifically for margin trading and uses programming language that is easily read by both developer and traders. The API is extensive and supports everything w.r.t trading forex and CFDs. 
  4. Autochartist : Autochartist helps in focusing on the trade by removing the market noise and highlights the currency pairs, data interval and technical indicators. 
  • Market Scanner 
  • Probability Filter
  • Risk management tool
  • Technical Indicators 
  • Volatility Analysis
  • Daily market reports

5. Algorithmic Trading : Pepperstone allows traders to access the market quickly through Automated trading. 

6. API Trading : Pepperstone supports Automated trading via API (Application programming Interface).

7. VPS Hosting : VPS or Virtual Private Server hosting allows traders to run automated algorithmic strategies including EAs for 27*7 on a virtual machine.    

Copy Trading Platforms

Pepperstone allows traders to copy trade using three platforms: Myfxbook, MetaTrader Signal and DupliTrade. 

Trading Accounts

Pepperstone offers two types of account:-

Razor 0.0 trading accountRazor 0.0 

Razor trading account can be used with MT4, MT5 or cTrader. Average spreads are 0.0 to 0.3 pips for EUR/USD. The commission offered by Pepperstone is AUD $7 per $100K (round turn). The commission fees for the Razor account is based on the trading platform trader is using:

  1. MT4- 7.53 RT/Lot
  2. MT5- $7.00 RT/Lot
  3. cTrader- $7.00 RT/Lot

Standard Account

Standard account is a commission free account and offers the average spreads of 0.6 pips on EUR/USD. Standard account stands out as an affordable option and is good for beginners. There are no commission charges with a standard account. 

Customer Support

Customer Support service is highly responsive and is provided 24/5 and can be contacted via live chat, email and call.

Conclusion

Pepperstone is a highly regulated brokerage company that is known for its transparent and competitive price. It can be an excellent choice for experienced traders due to the advanced trading tools available. The minimum deposit and commissions being higher might not suit beginners. In spite of that, traders must do their due diligence before committing to any broker.

Pepperstone Review - FAQs

Yes, Pepperstone is regulated by 7 national regulations that include ASIC, FCA, DSFA and SCB. 

The maximum leverage offered by Pepperstone is 500:1. 

Pepperstone offers Razor and Standard accounts.

You can trade the following trading instruments with Pepperstone: 

  • Forex
  • Indices
  • Currency Indices
  • Shares
  • ETFs
  • Commodities
  • Cryptocurrency 

Deposits and withdrawals can be made through Bank Transfer, Visa & MasterCard, Poli, Wallets like Netellar and Skrill, Union Pay, BPay, and PayPal.  

The minimum deposit required for opening an account is $200. 

Pepperstone mentioned the average spreads to be 0.0 to 0.3 for EUR/USD for razor account and for standard account 0.6 pips. 

Pepperstone offers three trading platforms, MT4, MT5 andcTrader. 

Yes, you can. Pepperstone provides a demo account. 

No, you can not trade Options with Pepperstone.