What Is Pepperstone?
Contents
Pepperstone was established in 2010 in Melbourne and is licensed in Australia, the United Kingdom, the United Arab Emirates, and the Bahamas. There are several branches in the US, the UK, China, and Thailand. The broker executes $9.2 billion in trading activities each day on average.
Pepperstone is authorized in 2 top-tier jurisdictions, making it a secure (low-risk) broker. It offers a number of professional platform add-ons that complement the MT platform. However, Pepperstone’s analysis is higher than the market standard, but it still lags below leaders like Saxo Bank or IG. Pepperstone offers a limited number of marketable items. However, costs on the broker’s Razor accounts are attractive for aggressive traders, while it is in line with the market norm for retail traders.
How Safe Is Pepperstone?
With a Trust Rating of 92/99, Pepperstone is rated low-risk. Pepperstone isn’t a publicly listed company, and it doesn’t run bank services. The broker is regulated by two top-tier (high trust) agencies, two tier-2 (medium trust), and one tier-3 authority (low trust). ASIC and the FCA are the two top-tier authorities that have given Pepperstone their approval.
Investment Offerings of Pepperstone
Investors can trade crypto through CFDs, but you can’t trade the underlying asset directly (e.g. buying Bitcoin). Below there is a list of Pepperstone’s investment offerings:
CFD
Forex
A total of 127 tradeable symbols
A total of 61 Forex Pairs
Cryptocurrency through CFDs
Social Trading
Fees&Costs
When paired with its Active Trader program, designed for large-amount investors, Pepperstone is an agency-execution brokerage service that provides exceptional prices on its Razor profile. In the meantime, its standard account has relatively bigger spreads and isn’t very outstanding. In addition to prevalent spreads, the Razor account’s charging system is based on commissions and it may be utilized with either MT4 or MT5 or cTrader platforms. Having regular spreads on the USD/EUR of 0.75 percentage in points, the regular membership comes without commission yet it has matching spreads and it is as effective as the Razor account.
To qualify for the top-tier discount of 10% on each lot in the United Kingdom, premium investors must trade at least 15 million US Dollars each month or 150 generic lots, while tier-3 discounts can be agreed for all those who are buying and selling more than 500 lots each month.
To meet the criteria for Pepperstone’s Active Trader program’s bottom tier, you must buy and sell at least 200 lots. The first tier offers a $1.00 rebate for each regular lot, lowering the efficient spread from 0.65 pips. Second-tier refunds 15 percent or more of the fee (bringing the efficient spread down to 0.638) for traders who buy and sell as many as 200 lots each month.
Features&Platforms
While Pepperstone does not have its own platform, it does provide practically any other platform an investor may need.
The whole MT and cTrader suites are available at Pepperstone, containing MT4 and MT5, cTrader, and cAlgo. Investors can utilize either the Razor or Regular membership types with just about any platform.
Pepperstone supports RoboX platforms and Tradency’s MirrorTrader platform, as well as MT’s cTrader and myFxbook, and DupliTrade for copy trading. Pepperstone came out on top in the Social Copy Trading field in 2021 for the 4th time in 4 years.
Although both cTrader and MetaTrader enable algorithmic buying and selling, cTrader has a leg up on MetaTrader 4 Web because of its web-based system, which provides a wider selection of trading instruments. However, the algorithmic trading feature is included in MT’s desktop variety, as opposed to cTrader, which needs the independent cAlgo system to run concurrently, a minor but significant distinction.
Analysis
The broker uses a variety of independent copy trading platforms and analysis instruments to supplement its domestic content. Ultimately, Pepperstone provides an adequate blend of high-quality video and textual material, which is somewhat better than the industry standard.
In addition to roughly twelve platform courses, Pepperstone’s CFD training area contains a “how to trade FX” section with 9 articles and one page. Every month, Pepperstone hosts several webinars. The broker offers special training information and trading indicators from BK Forex to traders who invest more than 2500 US Dollars.
The broker’s YouTube page has so many instructive videos, like the “Master the Trade” playlist, that focus on topics that range from basic to advanced. The information is of decent value and it is in accordance with the industry standards in this area.
Trading From Mobile
Pepperstone offers a variety of mobile trading solutions. Investors may pick from the MT4, MT5, or cTrader apps, which are all accessible straight from the creators. Since these applications are trustworthy and provide a positive user experience, it is understood that the best brokers have their own mobile apps.
In Conclusion
Pepperstone’s specialized offer of fewer than 200 tools caters to investors who only trade Forex and the most popular CFD marketplaces (incorporating spread-betting accessible in the United Kingdom and Ireland). The broker serves all FX and CFDs traders, despite the level of experience, thanks to its cheap base deposit and good external platform selection.
See also: OctaFX Review
