Pepperstone is a forex and CFD broker based in Australia and serving client all around the globe. The company was established 2010 and since than they are trying to offer the best services and lowest spreads and commisions. Pepperstone is a STP/NDD broker, particularly interesting thanks to their EDGE technology, but more on that later.
With the quality of the service is closely connected the regulation of the company. The main regulator is CySEC, followed by BaFIN, SCB, CMA, DFSA, FCA. The market liquidity is provided by the largest banks and institutions, which guarantees the lowest spread and very fast trade execution. Currently there is more than 20 liquidity providers.
All funds are kept in segregated accounts of National Australia Bank, which ensures the funds safety.
Are you a forex trader? Thank Pepperstone is should be your top choice
Pepperstone is primarily targeting forex market na precious metals. In their offer there are classic currency pairs, crosses and even exotic pairs. Among other instruments you can find oil, gas, other commodities such as cocoa, sugar and cofee.
The main advantage of Pepperstone is already mentioned low spread.
Trading accounts list
There are four types of accounts.
|STANDARD||basic account||min deposit $200, spread from one pip||commissions|
|RAZOR||professional account||min. deposit $200, spread from 0 pips||commissions|
|ISLAMIC||no swaps||spread from one pip||commissions|
|ACTIVE TRADERS||for large traders||low spread from 0 pips||commissions|
Minimum deposit is from $200 and leverage can be set up to 1 : 500. There is no dependency on an account type, scalping, hedging and any other kind of trading is allowed. If you want to test the accounts on demo, you can, but keep in mind that the account will expire after 30 days of inactivity.
All deposits are kept in segregated accounts as mentioned above. The available currencies are USD, EUR, GBP, JPY, AUD and NZD. Deposits and withdrawals are fast and done through major online wallets, cards or bank transfers. Small downside is that deposits are charged with bank fees.
Main trading platform is MetaTrader 4, MetaTrader 5, TradingView and professional cTrader. For people on the road there is also Webtrader and MT mobile platform. Big advantage of Pepperstone is availiability of PAMM and MAM accounts and Myfxbook autotrade signals.
Negative balance protection
What makes Pepperstone better than most of other companies? Mainly it is the EDGE technology, that allows trading on ECN account through MT4, which is definitely not common thing. That is the reason why Pepperstone offers low spreads, high speed server response and trade execution.
Another great advantage is the Negative balance protection. If you ever get into situation where your trades are executed for a price significantly different than intended and your account gets into negative balance, Pepperstone will leverage that possition so at least you will not owe anything.
Pepperstone offers great support
Among other things pepperstone offers high quality support to all customers no matter on the account size. Lets finish the review by stating that their website is very easy to go through and you will always find the information you need very quicky. If not, just ask the online support.
We have personal experience with Pepperstone and we can only recommend them.
STP, NDD broker.
Has segregated accounts.
MetaTrader 4 accounts.
Hedging, scalping, EAs allowed.
Main regulator is CySEC