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Pepperstone Review :
Company Information

Pepperstone (formerly ThinkForex) was established in 2010. Today, Pepperstone is regulated in Australia (TF Global Markets Pty), the UK (TF Global Markets Limited), and Bermuda (Think Capital Limited).

Known for its efforts in the cryptocurrency space (see “Other Notes”), Pepperstone offers forex and CFDs traders access to 38 forex pairs and nearly 200 CFDs, which includes nine cryptocurrency CFDs.

While the broker offers services and features designed for both beginner and professional traders, the company promote themselves as the ‘go-to’ choice for high volume traders, scalpers and trading algos due to their New York Equinix NY4 data centre – processing over 500,000 trades per day.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Pepperstone  review :
Tradable Products

Pepperstone  review :
Fees & Commissions

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

Pepperstone Review :
Considerations

with a trusted forex broker is crucial for success in international currency markets. As a currency trader or investor, you may have specific needs related to which platform, tool, or research requirements you have. Understanding your investment style can help determine which fx broker will be best for you.

Each year, our team here at ForexBrokers.com spends five months testing the biggest names in foreign exchange and assembles a guide to the best forex brokers for forex and CFDs trading. Here are our findings for 2020.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 69-78% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose 

Pepperstone Review :
Benefits

  • Pepperstone advertises its lowest spreads, but because it didn’t provide a mean or typical spread value, we couldn’t make a good comparison with other brokers.
  • We would wish to see Pepperstone publish its own average spread data, ideally monthly, to assist provide a clearer picture on how its forex spreads average out over the whole month, as its FX pricing otherwise appears competitive.
  • Pepperstone does, however, publish average spreads for specific instruments, like CFD indices. for instance, we observed a 1.3 pip average spread on the DAX in MT4, whereas, spreads on Trade Interceptor are fixed at 1 pip.
  • Pepperstone provides market execution as its main attraction as a workplace broker. due to this, positive/negative slippage can occur, as trades aren’t re-quoted. In the UK, Pepperstone features a dealer license which is restricted as a match-principal (agency-only execution), and in Australia and Bermuda, the brand follows an identical method, although it’s going to take risks as a dealer/market maker when needed (as a contingency).

Pepperstone Review :
Account Opening

The account opening process at Pepperstone is user-friendly and fully digital. It was also very quick, as our account was approved within a day.

Pepperstone Review :
How to open your account

The Pepperstone account opening process is easy and fully digital. The online application takes roughly 5-10 minutes and our account was approved in one business day.

The five steps of Pepperstone account opening:

Provide some contact information, like your email address.
Fill out your personal information, like your date of birth and address.
Choose the account type and the base currency.
Complete a survey about your trading experience.
Verify your identity and residency by uploading a copy of your passport or ID, and a bank statement or utility bill.

Pepperstone Review :
Deposit & Withdrawals options

Pepperstone does not charge any fees when deposits are made into the trader’s account. Traders can make use of the following payment methods through which the minimum deposit amount can be paid:

  • Bank Wire Transfer
  • Credit/Debit Cards
  • Neteller
  • Skrill, and
  • BitPay

Pepperstone supports the following deposit currencies in which traders can fund their accounts including:

  • AUD
  • EUR
  • CHF
  • GBP
  • USD

Pepperstone Review :
Platforms

Pepperstone does offer MetaTrader 4, MetaTrader 5, MetaTrader Web Trader and the MetaTrader mobile app.

Pepperstone Review :
Commissions & Spreads

Pepperstone scored highly in terms of trading fees. Spreads start from zero pips while average spreads on major FX pairs, such as the EUR/USD and GBP/USD, are 0.5 pips and 1.2 pips respectively.

With the ThinkZero spread account, there is a 3.5 commission per side of 100,000. Commissions are also charged when share trading on the MT5 and ThinkTrader platforms. An inactivity fee is charged to accounts that are dormant for six months. Traders will be pleased to see there are no swap rates

Pepperstone Review :
Commissions & Spreads

Pepperstone does not currently cater for trading bonuses and there are no current initiatives to reward loyal customers.

Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.

Pepperstone Review :
Customer Support

Do you have any question or find any trouble related to Pepperstone ? If you do, you should reach Pepperstone ‘s support to get the information that you need. Here is the detail of the broker’s customer support:

Pepperstone Review :
Video Explainer Pepperstone

 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Pepperstone Review :
FAQ

Pepperstone Review :
Is Pepperstone regulated?

Pepperstone UK entity holds a reputable FCA (Financial Conduct Authority) license that oversees the Forex and trading industry though a set of sharp rules and obligations towards safety

Pepperstone Review :
What instruments can I trade at Pepperstone ?

Tradable assets at vantage FX  include forex, metals, CFDs, cryptocurrency, and for UK residents – spread betting.

Pepperstone Review :
Does Pepperstone have a demo account?

Pepperstone offers a demo account with $/£25,000 in virtual cash.

Pepperstone Review :
What is the minimum deposit at Pepperstone ?

The minimum deposit is $200 for all account types. However, to get a VIP account, you have to reach a minimum balance of $50,000

Pepperstone Review :
Where are Pepperstone Data Centres Located?

Pepperstone are recognised as a technological industry leader, and as such our live trading servers are now located in the major financial hubs of both London and New York.

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