Updated on: July 12th, 2022
Pepperstone Limited, based in the UK, now runs and regulates the site. This broker is trusted by more than 73,000 traders around the world, and every day it trades an average of $12.55 billion, making it one of the largest forex brokers in the world.
Pepperstone has won several prestigious awards from Investment Trends, Deloitte, and Compare Forex Brokers.
Pros
- The minimum deposit is just $0
- Over 60 currency pairs
- Various trading platforms are available
- Free demo account
- One of the largest forex brokers in the world
- Approved and regulated
- Award winning Forex and CFD broker
- 24/5 multilingual customer support
Cons
- Partially confusing website
Brokers Similar to Pepperstone
Pepperstone Regulation and security
To avoid getting ripped off when trading online, you need to know if the broker is regulated and licensed. Before an official regulator can oversee a company that does online trading, the company is checked out and must meet certain requirements.
Pepperstone is a forex trading company based in Australia. It is licensed and regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities Investment Commission (ASIC) in Australia, both of which are well-known and respected. Lloyd’s of London provides the company with professional indemnity insurance.
Trading Offers
Pepperstone has investment services for trading Forex, CFDs (Index CFDs and Stock CFDs), cryptocurrencies, and commodities. The company gives its clients access to more than 1200 instruments that can be traded on the market. Spreads are calculated in the base currency being traded, and commissions are always done in the same currency as the trader’s account. The company has two kinds of accounts, called “Razor Account” and “Standard Account,” and its platforms are easy for any trader to use. You can the following with the broker platform:
- Indices
- Currencies
- Raw materials
- Shares
- Cryptocurrencies
Pepperstone trading platform
Every trader has their own style, level of skill, and plans. To be successful at online trading, you need to know what platforms your broker gives you. When you use Pepperstone as your forex broker, this is a good thing because they have platforms for every type of trader. The company has three popular, powerful, and easy-to-use trading platforms that you can use at any point in your trading career. These platforms are free to use. You can the trading platforms on the mobile, tablet and desktop.
Pepperstone offers the following platforms:
- cTrader
- MT4
- MT5
MetaTrader 4 and MetaTrader 5
Pepperstone’s most popular platform is MetaTrader 4, which lets you trade with live quotes, real-time charts, and in-depth news and analysis. These platforms can also be used as indicators, Expert Advisors, and tools for managing orders. The platform can be changed to fit the way you trade. With Pepperstone’s Smart Trader Tools, you can connect MT4 to 28 indicators and EAs. You can also choose from thousands of other online tools to connect to the platform. Traders can use Autochartist to find statistically important changes in the market. Traders can make and run their EAs with the help of MetaQuotes Language 4 (MQL4).
With this platform, you can even be competitive at whatever skill level you have as a trader. With its rich and highly customizable trading environment, it will absolutely help improve your trading performance. Also, it highlights its best features, including its 85 pre-installed indicators, available on the desktop application (for better insight into market trends).
cTrader
cTrader Platform is the easiest to use and has the most advanced trading features. With it, you can change the way the code is written and have fast input and execution. It has a number of learning programs and analysis tools that can help you make better trading decisions. This platform is perfect for traders who want to start trading because it is made to look like an institutional trading environment, right down to the depth of market.
It has also made it easier for expert advisors and indicators to do their jobs. This platform is proud of more than just the fact that it has advanced order and risk management features, as well as C# code and an open API.
Due to cTrader’s advanced features, traders can do in-depth analysis of their trading, which helps them figure out their strengths and weaknesses. It has a wide range of indicators, detailed order tickets that include base currency dollar value or pip distance, and the ability to add multiple take profit orders. The platform also has instructional videos that are very detailed.
Mobile Trading App
Pepperstone’s trading platforms can be used on mobile, tablet, desktop, and web apps, which is a big plus. Mobile trading is popular these days because it is easy to do. It’s easier to keep track of its trades and do business anywhere and at any time if its platforms are mobile.
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two of the most popular mobile trading apps in the world, and Pepperstone offers them to its clients. These trading platforms are easy to use, have advanced tools, can be customized, and have a lot of other features that give you a big advantage when trading online.
How to open your account
Pepperstone makes it easy and quick to open an account. When you go to the “Create an Account” page on Pepperstone’s website (https://pepperstone.com), right next to the “Account Registration” section, you can see the steps for making an account.
First, you need to put in your email address and make a password. Second, put your information on the application. Third, upload your account opening ID online during the application process. Your application will be looked at first by Pepperstone’s back office team. Once your documents have been looked at and your application has been approved, you will be given the login information for your trading account. If you have a live account or want to trade with real money, you can add funds and then start trading.
Free Pepperstone Demo Account
Pepperstone gives you a free demo account for 30 days. It comes with up to $50,000 in fake money and real prices from the market. Before going live, we strongly suggest that traders use a demo account to practice their trading skills and make sure they know what they are doing. Before trading on a real account, it’s best to first learn how the platforms work and get used to them.
Pepperstone account types
Pepperstone gives traders two types of accounts that can be used by any kind of trader.
Razor account
For as little as AUD$7 per lot, the Razor account gives you access to institutional spreads as low as 0.0 pips. It includes raw spreads, which means that Pepperstone gives their clients the spreads they get from liquidity providers. This account is best for scalpers or traders who use algorithms.
Standard account
The standard account is free of fees and has competitive spreads. It shows the raw spread plus an increase of 1 pip (for example, 0 pip spread plus 1 pip = 1 pip) (0.5 pip per direction for bid and ask prices). This account is best for traders who are just starting out or who like to trade for a long time.
Pepperstone Fees and Commissions
Pepperstone doesn’t charge any fees for making deposits or taking money out. You should keep in mind, though, that it depends on the payment method you use and that there may be a fee for this type of payment channel. The customer is responsible for the fees that come with this type of payment method.
The company needs a deposit of at least $200 or its equivalent. The fact that this broker offers financing with no fees is a big plus. Pepperstone does not charge a fee for being inactive, which is something that all traders can look forward to. Pepperstone’s standard account has no commission, and the Razor account has raw spreads.
Customer Service
They have a section on their website called “FAQs,” which stands for “Frequently Asked Questions.” Any trader will find this section very helpful. These are very helpful for any kind of trader, and each trader has a client manager to help him or her along the way. The company does a lot to improve the online trading skills and knowledge of the best analysts and market strategists in the business. Customer service is available 24/7 and in many languages. Pepperstone also has free learning tools like trading guides, webinars, and videos that show you how to do things.
Facts about support:
- Multilingual 24/5 customer support
- Award-winning customer support and training materials
- Telephone support
- Live chat support
- Email support
- Free continuing education resources
Conclusion
Pepperstone is a broker that has won awards and is open to all types of traders. It lets you trade FX, CFDs (Index CFDs and Stock CFDs), cryptocurrencies, and commodities, among other things. The company gives its clients access to more than 150 instruments that can be traded on the market. It has low spreads, leverage of up to 500:1, and a round-turn fee of AUD$7 for FX, all of which will make you feel comfortable trading with them.
The company has a good reputation and always tries to do its best for its customers. It has great customer service and support, and it also gives traders good tools for learning. This broker is serious because it has won a lot of awards.
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