Pepperstone Review 2020 Is pepperstone.com a Scam or Legit Broker

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Pepperstone Review

Pepperstone

Leverage: 1:30 | 1:500

Regulation: FCA, ASIC

Min. Deposit: 200 US$

HQ: Australia

Platforms: MT4, MT5, cTrader

Found in: 2020

Pepperstone Licenses

  • Pepperstone Limited authorized by FCA (UK) registration no. 684312
  • Pepperstone Group Limited – authorized by ASIC (Australia) registration no. ACN 147 055 703, AFSL 414530

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Before you choose a broker to trade with, make sure to check on the necessary trading information and check its legit status. For this reason we assist in choices by reviewing brokers, and here is Pepperstone Review.

What is Pepperstone?

Pepperstone is a wholly-owned subsidiary of Pepperstone Group Limited, an Australian-based company established in 2020, which has quickly grown into one of the large forex and CFD worldwide providers. Pepperstone Limited was launched in the UK in 2020 while expanded their services to cover the needs of UK and European clients through local access. Overall, the group serves offices in major financial destinations Melbourne, Dallas, Bangkok and London.

Pepperstone was originally founded as a specialist forex broker providing access to interbank execution and low spread pricing. However, further on Pepperstone established assistance service for both retail and institutional traders through low-cost pricing by the multiple direct destinations of liquidity, without a deal desk and became execution-only broker. The Pepperstone quotes coming from as many as 22 Major Banks and Electronic Crossing Networks, therefore traders can place orders assured of the best possible market price.

The markets or instrument offering includes 70+currency pairs, Cryptocurrencies (with access to trade Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin against the US Dollar, with leverage 5:1), metals, commodities as well a range of major indices across the multiple broker’s platforms.

Indeed, Pepperstone strives to propose the best options to traders community was recognized by numerous awards, which the broker received regularly along to the great reviews from traders themselves.

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  • Exporter of the Year | Digital Technologies | Governor of Victoria Export Awards 2020
  • #1 Overall Client Satisfaction | #1 Value for Money | #1 Execution Speed | #1 Spreads | #1 Platform Reliability | #1 Platform Ease of Use | #1 Commissions | Investment Trends

However, to get offering more clear you should check and consider the most important information that the broker’s offering consists of. With this purpose, in this review we cover the following highlights:

Is Pepperstone safe or a scam?

Pepperstone as established Australian broker complied its operation according to the respected regulation by the Australian Securities and Investments Commission (ASIC), as well as the holder of an Australian Financial Services Licence. In addition, Pepperstone holds relevant authorization at every region it operates. Therefore, clients’ residents of the UK and EEA are processed by the Pepperstone Limited that is a registered UK company and regulated by the Financial Conduct Authority.

Pepperstone entity Regulation and License
Pepperstone Group Limited ASIC (Australia) registration no. ACN 147 055 703, AFSL 414530
Pepperstone Limited FCA (UK) registration no. 684312

The above regulators strictly oblige the broker to follow the required performance, hence Pepperstone has no doubts about their reliability. Both, ASIC and FCA demands financial services firms follow strict capital requirements, fully segregate traders account from the company funds, comply to internal risk management, training, accounting, audits and many more. In addition, the company provides Negative Balance protection and automated Risk Management System to secure clients safe trade.

Trading Platforms and Tools:

The Pepperstone’s trading technology and software mainstays the importance of performance and then an additional included parameters. With 11 Pepperstone trading platforms offering MT4 or its new version MT5 and cTrader on various versions so you truly gain a powerful trading solution with your own way of strategy or output since all trading styles are supported.

The popular choice of MetaTrader4 supports various devices from the web, desktop or mobile applications all at your choice. As well the platform offers a rich, user-friendly interface and hosts order management tools, indicators, expert advisors, DDE protocols and many more. In addition, Pepperstone enhanced platform with Smart Trader Tools, a package with over 10 smart apps that makes trading more efficient.

The fans of cTrader Platfrom are welcomed also, as software believed to be one the most innovative and revolutionary trading platforms. As the platform based on an algorithmic logic it shows great performance and allows efficient position management in fast moving markets, while a combination of Pepperstone’s liquidity and robust infrastructure provides great productivity. The platform is also available on Web version as well through the mobile application. Yet, a key cTrader’s component is cAlgo, which designed to be a powerful tool with robots and indicators developed on C# for intuitive functionality.

– Pepperstone also is an active partner of Equinix, that creates state of art Forex trading infrastructure that directly exchange data with strategic partners and customers in close proximity.

Pepperstone fees and accounts

Firstly let’s check on the Pepperstone diverse of accounts that include different types designed to meet particular traders’ expectations and needs. While, all accounts offers same quality performance, support and comprehensive platform’s features, the beginning traders or non-professionals can sign for a Standard Account, a classical type on no commission basis and institutional grade STP spreads from 1.0 pips available in MT4 platform. A choice for professional traders who prefer to pay commission instead of spread consistent in Razor Accountcommission from 3.5$ and spread from 0.0 pip, while leverage is flexible along with advanced algorithms for execution speed.

Moreover, active traders with high volume or institutional traders may access Active Trader Program specialized specifications with spreads from 0.0 pips, advanced reporting and dedicated manager, as well as VPS hosting service, custom solutions like API, FX GUI and leading third party providers. Moreover, traders following Sharia rules may sign for a SWAP Free Account with STP spreads with 0 commission.

Pepperstone Spread

Pepperstone spread as we mentioned before is provided by multiple liquidity providers, therefore you definitely get very competitive pricing, while spread considered to be among the industry lowest spreads. See the typical spread reference in the table below, yet you may see a slight difference between spread on Standard or Razor accounts, where e.g. EUR/USD minimum spread starting from 0 pips and most often overages on 0.16-0.2 pips. For the most accurate data check the official Pepperstone website or platform.

Asset/ Pair Pepperstone Fee Terms
EUR/USD 0.2 pips
Crude Oil WTI 0.8 pips
Gold 1.4 pips

For instance, check out and compare fees with another popular broker Plus500.

Another point to admit is awarded support provided by the Pepperstone. Their commitment to the client’s satisfaction includes 24 hour live chat facility and support, full self-service Secure Client Area for account management, as well as real time news feeds with education resources and market commentary.

Pepperstone leverage

Being an Australian broker, Pepperstone still offers a quite high leverage level up to 1:500 on Forex, which you can benefit from. Yet, make sure to learn deeply about leverage and how to use it smartly, as an increase of your trading size may pay a significant role in your either potential income or looses as well.

However, in regards to the traders from Europe or those which account are registered with Pepperstone UK, as the European ESMA regulation recently lowered the maximum allowed leverage with a security purpose the maximum leverage level is 1:30 on Forex instruments.

Pepperstone Deposits and Withdrawals

Pepperstone’s enables clients to fund an account with ease throughout client area, as well to choose account currency that includes AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, CAD, SGD and HKD. In simple words, means you can skip exchange fee and may benefit from trading in your local currency. In terms of funding methods, Pepperstone offers Bank Wire, Credit/Debit cards, Skrill, Local Bank Deposit, Neteller, Bpay, Union Pay and Broker to Broker transfers between existing brokers.

Pepperstone minimum deposit

The minimum deposit amount is as low as 200$ for any account type of your choice.

Pepperstone withdrawal fee

What is more, Pepperstone does not charge any internal fees for deposits or withdrawals, however, international bank institutions may attract fees from either party which will be referred to the client.

Conclusion on Pepperstone

As we found out, whenever possible Pepperstone aim to create, develop, or introduce solutions that make trading easier, fairer and even more professional for every client. As a regulated broker, the broker delivers a reliable trading solution, while you can concentrate on trading assured the money handled safely.

What we liked the most is the prouder broker’s trade execution that starts from 50ms of latency, settled immediately, with no delays, rejects, or requotes, and of course fantastic, very competitive pricing model throughout powerful trading software. Overall, Pepperstone works perfectly well towards maintaining its core values while offering the best possible service, low-latency execution, low-cost spreads, and exceptional customer support.

Lastly, will be great to know your personal opinion about Pepperstone and its trading conditions, which you may share in the comment area below.

Pepperstone Broker Review 2020

Pepperstone

Platforms

Tradable Assets

Spreads

Customer Support

Credibility

  • Ultra low spreads
  • Up to 1:500 leverage
  • 1-day withdrawal processing
  • Variety of supported payment methods
  • Regulated
  • Average minimum account size
  • USA traders not accepted

Introduction or Skip Content and Read the Bottom Line!

Pepperstone is an online Forex and CFD brokerage that has been in the business since 2020.

They have a range of online trading platforms and according to their website, their mission is:

To provide institutional grade trading to the online forex trader, without complicated account structures and catches.

We’re they able to accomplish this mission for their clients or is it just a fad?

Continue reading this updated review to know our answer to this question.

So let’s get down to business!

Pepperstone Overview
Founded 2020
Platform MetaTrader 4, MetaTrader 4 Mac, MetaTrader 5,
WebTrader, iPhone, Android, iPad/Tablet, cTader, cTrader WebTrader, cTrader cAlgo, cTrader Mobile
Minimum account size $200
Minimum lot size 0.01
Tradable assets 70+
Maximum margin 1:500
Spread on EUR/USD 0 pips
Payment methods Credit/Debit Card, Bank Transfer, PayPal, POLi, China Union Pay, BPay, Skrill (Moneybookers), Neteller, Qiwi, Fasapay, Broker to Broker
Demo account Yes
Accepts US traders No
Regulated ASIC (Australia), FCA (UK)
Support Phone, Email, Live Chat
Website www.pepperstone.com

Platform 9.4/10

As of this writing, there are a total of 11 platforms so can conveniently trade your way and whenever you want.

The MetaTrader 4 has the standard MetaTrader 4 for Windows, MetaTrader 4 for Mac, MetaTrader 5, WebTrader and mobile applications for devices running on iPhone, Android and iPad or Tablet.

These all come with Smart Trader Tools.

There’s also the cTrader platform which is available in three different versions:

  • cTrader WebTrader
  • cTrader cAlgo
  • cTrader Mobile

With such many options, this brokerage deserves a high Platform score of 9.4.

Design 10/10

Pepperstone have smartly made the layout of the platforms well-organized and very easy to navigate.

You can easily track your positions, monitor the instrument prices and access all the tools that you need on the main trading screen.

They have done a great job in optimizing the visual aspect of their platforms and this merits a Design score of 10.

Pepperstone MT4 platform

Minimum Deposit 8/10

The accepted minimum deposit to open an account and begin trading is $200.

So how does it compare?

It’s not the lowest in the industry but not the highest either so basically this is on the average range.

It is for this reason that they notched a Minimum Deposit score of 8.

Minimum Lot Size 10/10

Similar to the industry standard, the minimum lot size that they allow is 0.01.

It’s as simple as that.

For this reason, they earned a Minimum Trade Score of 10.

Tradable Assets 8.7/10

Currently they have more than 70 tradable assets which includes forex, gold, oil, CFDs and many more.

And the best part?

These can all be accessed across all of their multiple platforms allowing you to explore different markets on almost any device.

Based on our scoring table, Pepperstone got a Tradable assets score of 8.7.

Pepperstone tradable assets

Spread 9.9/10

The spreads on the MetaTrader 4 platform varies but even during liquid times, it can still go for as low as 0 pips even on major currency pairs like the EURUSD.

Such a rate warrants a Payouts score of 9.9.

Withdrawal Time 10/10

You need to fill-up a withdrawal form if you want to cash-out your funds and if you will be able to send it before 21:00 GMT (07:00 AEST), the request will be processed on the same day.

Otherwise, it will be done on the next business day.

Such speed deserves a Withdrawal Time score of 10.

Deposit and Withdrawal Methods 10/10

Pepperstone accepts a selection of banking methods so funding the account is certainly not an issue.

Among the supported payment systems include the following:

  • Credit and debit cards (Visa and MasterCard)
  • PayPal
  • POLi
  • China Union Pay
  • Bank Transfer (Domestic and International)
  • BPay
  • Skrill (Moneybookers)
  • Neteller
  • Qiwi
  • Fasapay
  • Broker to Broker

Such coverage warrants a Deposit and Withdrawal Methods score of 10.

Pepperstone deposit page

Customer Support 8.8/10

The customer service department can be reached via phone support, email and live chat as well.

Pepperstone customer support

So how did it go?

We had the chance to talk to one of their agents and all of our questions were easily answered.

Their professionalism and politeness were commendable and for this they notched a Support score of 8.8.

Quotes Accuracy 10/10

Even if there is high liquidity, the quotes displayed by their platforms are in real time based on the several tests that were done.

Trade executions were also fast regardless if there is volatility in the market or not.

This warrants a Quote Accuracy Score of 10.

Credibility 8.8/10

Based on our extensive profiling of this brokerage, Pepperstone’s reputation remains strong in many countries.

Aside from this…

They have been recognised by many trusted award-giving bodies plus they have an active license from the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA).

Additionally, we were able to find a lot of positive user comment and below are just some of them:

Pepperstone user comment

Pepperstone user comment

Pepperstone user comment

This kind of credibility deserved a strong Reputation score of 8.8.

Conclusion 9.1/10

Pepperstone has a suite of platforms that provides access to low-cost pricing with fast execution and exceptional trading conditions.

Their compliance with financial regulators will give you peace of mind that you are trading with a reliable brokerage while the personalised customer service that they offer gives you an assurance that there is always a helpline that you can contact immediately.

To sum it all up…

Pepperstone is the online forex and CFD broker that has it all.

Pepperstone Review

Pepperstone is a popular online broker that was founded in 2020. They are licensed and regulated by ASIC Australia and the FCA in United Kingdom.

Pepperstone Review

As the leading Forex broker in Australia they offer a very wide variety of currency pairs and crosses for every type of Forex trader. They are not just a simple Forex broker, but rather the leader in Forex, Crypto Currency CFD’s, Shares, Indexes, Options, & Commodities.

At this broker, you will have access to every trading platform you will ever need. Besides the standard MetaTrader4 desktop, web-trader and mobile apps, they now have the new MetaTrader5 and Smart Trader Tools, look here.

cTrader is a unique and very powerful trading platform, that comes in web trader and desktop versions, along with the Algo trading module. Advanced investors and connect via API and also manage MAM and PAMM trading accounts.

Pepperstone Account Types

This broker offers various trading account types, to accommodate all levels of investors. There are four account types to choose from, based on your style of investing; Standard, Razor, Islamic Accounts and the Active Trader Program. The main difference between them is the fixed spreads, minimum trade size, commissions, scalping, EA and Hedging.

For a new trading account, the minimum deposit requirement is $200, see here.

Pepperstone Account Types Review

Crypto Currency Trading

While there are many brokers offering CFD trading for Crypto Currencies, Pepperstone is by far the leader. They have supper tight spreads, which we monitored during our review of being $10 – $15.

As you can see in the picture below.

Crypto Currency Trading Spreads

Is Pepperstone a Good Broker?

Yes, Pepperstone is licensed by various financial regulators, depending on your country of residence. Using a United Kingdom FCA licensed broker means that your money is insured up to £50,000 by the Financial Services Compensation Scheme Protection. Also, your money is kept in a segregated account at; the National Australia Bank in Australia or at Barclays in the United Kingdom.

  • Pepperstone Group Limited is regulated by ASIC Australia with AFSL number 414530.
  • Pepperstone Limited is regulated by the UK Financial Conduct Authority, number 684312, located at: 70 Gracechurch Street, London EC3V 0HR United Kingdom.

Officially owned by the Pepperstone Group Limited, they are located at: Level 5, 530 Collins Street, Melbourne VIC 3000 Australia. Contact phone number is +61 3 9020 0155, and their email is [email protected] Official Website: https://PepperStone.com.

For complaints and withdrawal problems, read this.

73.6% of retail investor accounts lose money when trading CFDs with this provider.

Compare The Best Brokers

Comparing between different Forex brokers is actually very easy, once you know what to look for. The first thing to check for, is a valid license from ASIC or the FCA. A legitimate broker is licensed and regulated, while a scam broker is not.

If you were solicited by a phone call from a broker offering to manage your money, you can be sure that they are a scam.

Plus500 is popular broker for investors and CFD traders in Australia. The are authorised by FCA UK and ASIC. Go see their Free Demo Account at: Plus500.com.

*76.4% of retail CFD accounts lose money

If you are already investing with this broker, please share your experience with new traders, in the comments section below.

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