Pepperstone Review

Pepperstone is a well-established broker since 2010. Pepperstone has headquarters in Australia, Germany, Kenya, Cyprus, United Arab Emirates, United Kingdom and Bahamas. Pepperstone to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by ASIC 414530, BaFin 151148, Capital Markets Authority of Kenya 128, CySEC 388/20, DFSA (Dubai) F004356, FCA 684312 and SCB SIA-F217.

Pepperstone's seven well-regulated subsidiaries will limit the potential for fraud and malpractice. Pepperstone clients may enjoy features such as negative balance protection while deposits remain segregated from corporate funds. Pepperstone members can utilize leveraged trading depends on subsidiaries:

• The Kenyan subsidiary offers negative balance protection plus maximum leverage of 1:400.
• Traders at the Bahamas unit get 1:200 without negative balance protection.
• Pepperstone Australia offers maximum leverage of 1:30, negative balance protection, but no compensation scheme for depositors.
• Pepperstone UK offers maximum leverage of 1:30, negative balance protection, and the best regulatory mandated compensation scheme of £85,000 per client.
• In CySEC, FSCA, and BAFIN licensed subsidiaries, Pepperstone offers maximum leverage of 1:30 for retail traders and 1:500 for professionals.

Account Information

Apart from the forex demo account, this broker offers Standard and Razor. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Pepperstone is up to 1: 400. Meanwhile, you can open an account with a starting capital of $0.

There are 2 account types that can be created during registration:

• Standard: Standard has minimum deposits of $200. The minimum lot size is 0.01. The account would be a good option for variable spreads that allow scalping, hedging, and Expert Advisors. It also supports trailing stop, pending orders, one-click trading, mobile trading, and automated trading. A swap rate will also apply to overnight positions.
• Razor: A minimum deposit amount of $200 and the minimum trading volume of 0.01 lot apply. Spreads are variable at Razor account and complemented by Expert Advisors, scalping, as well as hedging capabilities. Pending orders, trailing stop, one-click trading, mobile trading, and automated trading are available. Other charges include overnight swap fees.

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:

Min Deposit

$0

Max Leverage

1:400

Spread

Variable

Commission

$7

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:

• Standard
• Razor

💲 Min Deposit $0

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

⏱ Trailing stop

⏳ Pending orders

1️⃣ One-click trading

⚡ Automated trading

💸 Commission

Fees

Spreads are generally competitive, for example, the spread on EUR/USD during the London-New York session is 0 pips plus a commission of $7 with the Active Trader Program. This is the same as a spread of 0.7 pips. Their equity CFDs commission rates are also notably low with 0.07%, averaging at 0.10%. There are some other costs to be aware of. For example, an inactivity fee is charged to accounts that have been dormant for ten trading days. Also, swap rates are charged to clients that hold positions overnight.

Assets	Fee level	Fee terms
EURUSD	Low	MT4/MT5 Razor account: $3.50 commission per lot per trade plus spread cost. 0.1 pips is the average spread cost during peak trading hours.
GBPUSD	Low	MT4/MT5 Razor account: $3.50 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours.
S&P 500 CFD	Low	The fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.
Inactivity fee	Low	No inactivity fee

Instruments Traded

Besides lots of currency pair, Pepperstone also offers some instruments you would like to trade on, such as Forex, Gold & silver, Crypto, Stocks, CFD, Indexes, Oil, Metals, Energies, Soft Commodities, Agriculture, Spread Betting (only for UK clients) and ETF for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Pepperstone offers CFD trading in forex, commodities, stocks, and cryptocurrencies (depending on the region):

• 62 currency Pairs
• 18 cryptocurrency Pairs
• 3 cryptocurrency indices
• 23 commodities and metals
• 29 index CFDs
• 940+ equity CFDs
• 100+ ETFs

As for Standard account, Pepperstone specifically provides it with the following instruments and leverage. Note that these details apply under Pepperstone's SCB License:

Forex
1:400

Gold & silver
1:200

Crypto
Retail 1:10

Stocks
1:20

CFD
1:200

Indexes
1:200

Oil
1:200

Metals
1:200

Energies
1:200

Soft Commodities
1:200

Agriculture
1:200

Spread Betting
1:200

ETF
1:200

💲 Min Deposit $0

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

⏱ Trailing stop

⏳ Pending orders

1️⃣ One-click trading

⚡ Automated trading

💸 Commission $7

Fees

Spreads are generally competitive, for example, the spread on EUR/USD during the London-New York session is 0 pips plus a commission of $7 with the Active Trader Program. This is the same as a spread of 0.7 pips. Their equity CFDs commission rates are also notably low with 0.07%, averaging at 0.10%. There are some other costs to be aware of. For example, an inactivity fee is charged to accounts that have been dormant for ten trading days. Also, swap rates are charged to clients that hold positions overnight.

Assets	Fee level	Fee terms
EURUSD	Low	MT4/MT5 Razor account: $3.50 commission per lot per trade plus spread cost. 0.1 pips is the average spread cost during peak trading hours.
GBPUSD	Low	MT4/MT5 Razor account: $3.50 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours.
S&P 500 CFD	Low	The fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.
Inactivity fee	Low	No inactivity fee

Instruments Traded

Besides lots of currency pair, Pepperstone also offers some instruments you would like to trade on, such as Forex, Gold & silver, Crypto, Stocks, CFD, Indexes, Oil, Metals, Energies, Soft Commodities, Agriculture, Spread Betting (only for UK clients) and ETF for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Pepperstone offers CFD trading in forex, commodities, stocks, and cryptocurrencies (depending on the region):

• 62 currency Pairs
• 18 cryptocurrency Pairs
• 3 cryptocurrency indices
• 23 commodities and metals
• 29 index CFDs
• 940+ equity CFDs
• 100+ ETFs

As for Razor account, Pepperstone specifically provides it with the following instruments and leverage. Note that these details apply under Pepperstone's SCB License:

Forex
1:400

Gold & silver
1:200

Crypto
Retail 1:10

Stocks
1:20

CFD
1:200

Indexes
1:200

Oil
1:200

Metals
1:200

Energies
1:200

Soft Commodities
1:200

Agriculture
1:200

Spread Betting
1:200

ETF
1:200

Payment Methods

There's a decent range of payment options at Pepperstone, with only cryptocurrencies missing. All payment methods are free, except for bank wires outside Europe and Australia which charge $20. Note, there are third-party payment processor costs that clients need to pay.

Deposit

Bank transfer	✔️	✔️	✔️
Credit/debit card	✔️	✔️	✔️
Electronic wallets	✔️	✔️	✔️

Withdrawal

Bank transfer	✔️	✔️	✔️
Credit/debit card	✔️	✔️	✔️
Electronic wallets	✔️	✔️	✔️
Withdrawal fee	$0	$0	$0

Several payment methods are available:

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Pepperstone also provides payment with Credit/debit cards and UnionPay

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