TTFB Admin
Pepperstone Review 2021 – Top Key Points
Overview
Pepperstone Review 2021
Pepperstone is Australian online Forex and CFD broker with more than a decade (2010) of financial market experience. Although it offers fewer tradeable instruments, traders will be pleased to see multiple third-party platforms and a range of social trading platforms that can help traders access strategies from the world’s best traders. Pepperstone gives access to retail traders and corporates to the world’s largest liquid market, offering Forex, Shares CFDs, indices, commodities, Cryptocurrencies, and Crypto indices. Although the range of tradable instruments (150+) is much less than industries’ average brokers. Pepperstone has received international recognition for its multiple advanced trading platforms. Trading platforms including its proprietary trading platform, and legendary MetaTrader 4 & 5, cTrader.
back to menu ↑ back to menu ↑Top Key Points for Pepperstone in 2021
Founded in 2010, Pepperstone is regulated in 2 tier-1 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs.
Regulated by two top-tier regulatory bodies (FCA and ASIC) making it a safe broker (low risk).
Offering multiple platforms & great research tools
Multiple social copy trading options
Is Pepperstone safe or a scam?
No, Pepperstone is not a scam. Pepperstone is a comparatively new online forex broker founded in 2010, it gains huge popularity though it’s one of the largest selections of third-party trading platforms and multiple copy trading options. With more than a decade of financial market experience, Pepperstone earned a great reputation from its customers and worldwide recognized by industry experts. It’s a highly trusted broker regulated and authorized by some of the strictest regulatory bodies in financial industries. Pepperstone is authorized by 2 top-tier regulatory institutions, Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC). 2 tier-2 regulators Dubai Financial Services Authority (DFSA), and the Cyprus Securities and Exchange Commission (CySEC), and 1 tier-3 regulator. Pepperstone’s parent company is not publicly traded, does not operate a bank. Clients’ money is kept in segregated funds in top-tier banks. Sadly, there is no negative balance protection available. Only European clients will be able to get compensation funds because of European regulations, and the rest of the world will trade under different regulators.
PROS:
- Founded in 2010, serving almost 57k clients worldwide with a good reputation for more than a decade with a daily turnover of 9.2 Billion dollars.
- Regulated by some of the strictest regulatory institutions. (FCA, ASIC, FSCA)
CONS:
- Compensation fund available only for European clients
- USA client not supported
- No negative balance protection
Pepperstone licenses
Pepperstone broker licensed globally from multiple regulatory institutions. There is some regulatory information:
- Pepperstone Group Limited is regulated and licensed by ASIC (the Australian Securities and Investments Commission) in Australia, ASFL license number 414530 and ACN number 147 055 703.
- Pepperstone Limited is regulated and authorized by FCA (the Financial Conduct Authority) in the UK. registration number 684312.
- In the United Arab Emirates, (Dubai) Pepperstone Financial Services (DIFC) Limited is regulated by the DFSA, license number F004356.
Commissions and Fees
Fees: In forex trading fees are generally of two types. Trading fee and Non-Trading fee.
- A trading fee is charged every time when you open a position. Training fees include spreads, commission fees, swaps, and currency conversion fees.
- Non-trading fees include deposit and withdrawal fees, and inactivity fees.
Trading Cost: Trading fees and commissions are depends on account types. Most accounts don’t charge commissions. Luckily the broker does not charge any fees for deposits and withdrawals, on top of that, there is no inactivity fees, where most brokers charge $5 to $30 in inactivity fees if an account remains unused for three to twelve months.
Razor account types have some great offerings rather than standard account types, especially for high volume traders it has an active trader program and opportunity to trade ultra-low spreads. Its pricing slightly higher than other competitor brokers, often not the cheapest option, but not a premium option either. The chart below lists the trading cost of a standard account:
Standard account: Standard account might not be the best option Pepperstone has to offer, there is no commission but contains higher spreads, spreads is variable average spreads on the EUR/USD pair is 1.09 pips, last year 3rd quarter because of CORONA virus pandemic we saw high as 1.16 pips spread. This account designed for beginner traders.
Razor account: Razor account types offering impressive features like trade with a fixed commission and raw spreads from 0.0 pips (typically 0.16 pips). Traders looking for scalping trading or run Expert Advisor to execute trades under milliseconds razor account type could be the perfect solution. Traders have a huge collection of third-party trading platforms to chose from. like MetaTrader platforms (MT4 or MT5) or cTrade platform.
Active traders:Â Pepperstone’s active trader program rebates a portion of the spread, depending on your monthly trading volume and the applicable tier.
| Features | Pepperstone |
|---|---|
| Commissions | Yes |
| Variable spread | Yes |
| Minimum Initial Deposit | $200 |
| EUR/USD Spread | 1.6 pips |
| Rebate program | Yes |
| Commission on Islamic Accounts | No |
| Inactivity Fees | No |
| Deposit Fees | No |
| Withdrawal Fees | No |
Pepperstone Review Rebate Program
Pepperstone provides rebates to its active traders, there are three levels of rebate program available, traders can receive 10% to $20% rebate per million traded, rebates depends on traders’ monthly trading volume.
The following rebates apply when you trade forex, USOil, UKOil, and some others.
Commissions
Commission fees are charged depending on account types, Standard account types don’t apply commission fees only trading cost is spread, and razor account types are charge very tight commissions. Commission structure also varies depending on trading platforms. like MT5 razor account holders pay a $7 commission and MT4 razor account holders pay a $7.53 commission. cTrader Razor account commissions are little complicated, although still very competitive. There is a 7 unit charge for each lot.
Pepperstone Review: Overnight rates
Pepperstone is very transparent about overnight swap rates. The overnight rates from Pepperstone are the benchmark regional interest rate of the underlying product, adjusted by Pepperstone’s fixed 2.5% charge.
back to menu ↑ back to menu ↑Pepperstone Review : Inactivity fees
No, Pepperstone doesn’t charge inactivity fees, where most brokers deduct $5 – $30 in inactivity fees every month after a certain period of time on unused accounts. (typically three to twelve months).
There is no charge, if:
- The account is closed.
- Trading activity recommences on the account.
- The balance reduced to zero.
Deposit and withdrawal fees
Luckily there are no deposit and withdrawal fees.
back to menu ↑ back to menu ↑Pepperstone Review : Trading Instrument
Although Pepperstone offers fewer tradeable instruments than most other brokers on the market, there is still plenty of opportunities to diversify your portfolio. Currently, they are offering 150 instruments including popular markets and some exotic pairs as well as Forex, indices, commodities, and cryptocurrencies. The range of product you will be able to trade it depends on which global entity under Pepperstone house you are trading with. Spread betting available only for UK and Ireland clients.
| Features | Pepperstone |
|---|---|
| Total Instruments | 150+ |
| Copy Trading | Yes |
| Cryptocurrency (CFD) | Yes (except UK) |
| Forex Pairs | 62 |
| Commodities | 9 |
| Precious Metals | 6 |
| Indices | 14 |
| Stocks and Shares | 64 |
| Cryptocurrencies | 5 |
Cryptocurrency: Cryptocurrency instrument not available to trade in the weekend, so if you are a crypto trader then Pepperstone won’t be a great choice, you should trade with a broker that support crypto trades 24/7. Currently the best option for crypto traders could be eToro &Â AvaTrade.
Trading crypto is only available in form of CFDs (You cannot buy the underlying asset). And remember cryptocurrency is not available in UK entity nor to UK residence.
back to menu ↑ back to menu ↑Trading Platforms and Tools
Trading Platforms: Pepperstone broker is recognized for its best class trading platforms and professional-level research tools. In our 2021 Forex brokers list, Pepperstone sets its position higher than its competitors. Unfortunately, Pepperstone doesn’t feature a proprietary platform but it offers 4 different powerful third-party trading platforms, mt4, mt5, cTrader, and DupliTrade with multiple order types, an advanced charting system, and powerful indicators that help to enhance the trading experience and achieve the trading goal.
Supported platforms:
- MetaTrader 4
- MetaTrader 5
- cTrade
- DupliTrade
MetaTrader 4: MetaTrader 4 is the legendary forex and CFD trading platform recognized by all levels of traders. It’s accessible from all kinds of devices. The desktop version of MetaTrader 4 gives you control over everything including all advanced types of orders, open positions, use stop loss or take profits, pending orders, or even control expert advisor, test your different trading strategies. Metatrader 4 has 30 built-in indicators and thousands of free and paid additional indicators.
| Features | Pepperstone |
|---|---|
| Copy Trading | Yes |
| MT4 & MT5 | Yes |
| cTrader | Yes |
| DupliTrade | Yes |
| ZuluTrade | No |
| NinjaTrade | No |
| Indicators | 51 |
| Drawing tools | 31 |
| Order Types | 4 |
Copy-trading: Social copy trading becoming more popular day by day. Pepperstone offers 3 social platforms (my book, MetaTrader signals,)to help you access strategies from the world’s best traders.
- Myfxbook: A copy trading service that lets you copy experts’ trades without the need to run the software.
- MetaTrader Signals: Gives you access to thousands of strategies from MetaTrader’s own social trading platform.
- DupliTrade: This is a marketplace of signals, it helps copy signals and trade automatically on your own MT4 account.
Attention: No fees for Deposit and Withdrawal also spread is highly competitive in the XM broker. Read our detailed review about the XM broker. Click Here.
Pepperstone Review : Research Tools
We are amazed by the research tools available on pepperstone platform from a combination of in-house and third parties resources including news from top-tier sources about major events with some expert analysis, helping traders with signals, and advance cahrt indicators, trade ideas in different messenger situation, expert analysis, different types of autochartist tools, market sentimental chart, and economic calendar and etc.
back to menu ↑ back to menu ↑Pepperstone Review : Education
Pepperstone provides more educational material on Forex rather than CFDs. It provides written articles, educational videos, webinar, trading guides, tutorial videos how to trade on MetaTrader 4, etc.
Tutorial Videos:Â At Pepperstone, there is a full course presented by market expert Boris about using MetaTrader 4 platform. Teaching platform features, automatic trading and time-saving shortcuts and tips.
Live webinars: Pepperstone host webinars every week and talk about advanced forex trading strategies, scalping and price action strategies etc. Most webinars are available to all clients, but some of the them are exclusively for premium account holders.
YouTube videos
Pepperstone’s YouTube channel contains tons of videos about forex trading, tips on tricks, how market moves, advanced technical analysis, and detailed tutorials for metatrader 4 and 5 and cTrader platforms for basic traders.
but still trails education leaders such as FXCM or XM.
back to menu ↑ back to menu ↑Conclusion
Pepperstone could be a better choice for more advanced traders with big accounts who want more advance algorithmic trading with the best popular platforms. Although it features less tradeable instruments we think it would be enough for most traders if not all. Not to mention their rich educational resources will satisfy most beginners and medium traders.
Open Live Account
Best Overall Broker
1 review for Pepperstone Review 2021 – Top Key Points
Show all
Most Helpful
Highest Rating
Lowest Rating
Add a review
Expert Score
8.6
James –
I was extremely pleased to find this website. I wanted to thank you for your time just for this fantastic read!! I definitely really liked every little bit of it and I have you bookmarked to check out new information in your blog.