Pepperstone Review 2019 | Is Pepperstone a Scam or Legit Forex Broker?

Read our Pepperstone review to find out if Pepperstone is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.7/ 5

Rating breakdown

Protection & Regulations
60% Complete (danger)
3.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
# Broker's Features PEPPERSTONE Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Pepperstone.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Pepperstone offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Pepperstone is Bank, DMA, ECN, No dealing desk, STP.

Features: Pepperstone offers additional unique trading products such as AutoChartist, Smart Trader Tools and API trading.

Executing Trades:

Pepperstone allows you to execute a minimum trade of 0.01. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Pepperstone offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. Pepperstone also offers a number of useful risk management features, such as Guaranteed Stop Loss Orders, Negative Balance Protection, price alerts and much more.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Pepperstone recommended minimum capital is $500.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Pepperstone is regulated by ASIC, FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: Pepperstone has a high level of regulatory oversight from the Australian Securities and Investments Commission (ASIC) as well as the UK’s Financial Conduct Authority (FCA).

Account currencies: Next lets consider the Account currencies each broker offers. Pepperstone offers AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP different account currencies for each account types.

Account Openning: Pepperstone offers three types of live trading accounts called Razor, Standard and Swap-Free, as well as the use of a free demo trading account.

Pepperstone offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages Available: Next lets have a look at each broker's different Language options. Pepperstone offers English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, Arabic.

Payment methods: Next lets have a look at each broker's payment options. Pepperstone offers Bank transfer, Credit/Debit Cards, Electronic wallets different payment methods for each account types.

Deposit and withdrawal: Pepperstone offers multiple ways for traders to fund their trading accounts such as bank wire transfer, credit card, Paypal, Neteller, Skrill, QIWI and more.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Pepperstone makes cTrader, MT4, MT5, Zulutrade available to clients.

Web & Desktop Trading Platforms: Pepperstone offers an impressive array of different trading platforms for Web and Desktop via MetaTrader 5, MetaTrader 4, MetaTrader Web Trader, cTrader and cTrader Web.
Mobile Trading Platforms: Pepperstone offers browser-based mobile trading as well as the popular MetaTrader and cTrader mobile trading apps.

Other

Trader Education
Pepperstone offers some trader education through articles, guides and videos on their homepage.

Promotions
Pepperstone currently offers cash rebates for high-volume traders but no other promotions.

Support
Pepperstone offers 24 hours a day, 5 days a week multiple language support across email, phone and live chat.

Recup
Pepperstone provides a competitive and transparent offering that is suitable for both beginner and professional traders across a variety of asset classes.

Final Thoughts
Considering Pepperstone's low minimum deposit and an excellent range of third-party platforms, Pepperstone caters to all forex and CFDs traders, regardless of experience level.

Trading Experience
The trading accounts and platforms available offer unique benefits to both beginner and professional traders.

People Also Asked

Is Pepperstone regulated?
Yes, Pepperstone is regulated by top-tier regulators, ASIC, FCA inclusive.
Where is Pepperstone based?
Pepperstone is based in , Australia
How does Pepperstone make money?
Pepperstone charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in Pepperstone account?
With Pepperstone you can deposit money via the following means; China UnionPay, Credit Card, FasaPay, Moneybookers, Neteller.
How do I withdrawal in Pepperstone account?
Pepperstone lets you request a withdrawal of funds from your account via the following means; Credit Card, Moneybookers, Neteller, PayPal, Skril.
What is the minimum deposit for Pepperstone?
Pepperstone has $500 minimum deposit.
What are the available account base currencies with Pepperstone?
Pepperstone trading accounts are offered in AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Pepperstone?
Pepperstone has a maximum leverage is 1:500 for professional traders.
How do I open an account with Pepperstone?
Opening an account with Pepperstone is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Pepperstone use MetaTrader?
Pepperstone platforms: Yes, Pepperstone use MetaTrader as well as the following platforms: cTrader, MT4, MT5, Zulutrade
What type of broker is Pepperstone?
Pepperstone appears to be a Bank, DMA, ECN, No dealing desk, STP broker which offers market access to a variety of traders.
Does Pepperstone accept US clients?
No
Does Pepperstone offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Pepperstone: You can trade a wide variety of instruments with Pepperstone: Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures

Are you Satisfied with what They Offer?