- Award-winning and regulated brand
- Multitude of trading platforms
- Supports automated trading
- Variety of supported payment methods
- Fast withdrawal processing time
- Competitive spreads
- Dedicated account manager (first deposit of $1,000 or higher)
- Lots of educational materials
- Reliable customer support even on Facebook
- Inactivity fee
- No webinars
- Demo account has expiration of 21 days (can be extended upon request)
A contract for difference (CFD) allows investors to speculate on the price changes and take a stand without the necessity of owning the underlying assets.
CFD allows investors to make profits from rising and falling of stocks. This distinct aspect of CFD makes it more preferable in comparison to stocks.
Everyone who is having interest in trading CFDs must have come across Pepperstone possibly through their online advertisements.
Pepperstone is a reputable CFD service with a patented set of platforms for online trading of diverse instruments.
If you’d like to know more about this broker then continue reading this review.
Pepperstone maintains simplicity from the sign-up process to trading until withdrawal. The company’s proprietary platforms are unified and user-friendly designed with integrated management tools across all compatible devices.
The company offers an excess of 150 instruments options with very competitive spreads. Pepperstone’s website indicates that trading with them involves zero commission with transparent fees.
The reputation of Pepperstone is guaranteed as it is owned by a stable company and complies with multiple regulators.
Still, the company restricts traders from the USA as per the time of this writing. Also, Pepperstone lacks spread betting services.
We have gone ahead and tested all the available Pepperstone platforms and provided screenshot here of which most are from WebTrader platform.
Account opening with Pepperstone is fast and easy.
- Quick registration process
- Can use Facebook, Google or LinkedIn account to sign-up
Pepperstone allows registration of traders from across the world except for a few countries:
The company website doesn’t provide an official list of exceptional countries. Their website detects your location and shows a notification through their website indicating whether the state is supported or it is restricted.
However, it is advisable to open an account from the correct physical location without using a virtual private network (VPN).
Types of accounts
Pepperstone only offers two types of accounts: Razor and Standard.
Sounds good, right?
Each account type has its own features and benefits with the Standard being the more suitable option for newbie traders and the Razor ideal for scalpers and algorithmic traders.
What about bonuses?
Pepperstone does not offer sign-up bonuses to their new clients. This can sound unfortunate, but it is relatable as it complies with regulatory requirements.
Licensed brokers are prohibited from providing any form of bonuses, sign-up offers, trade points, or incentives to their clients.
Pepperstone offers all its new sign-up clients a privilege of accessing unlimited demo account. The feature allows you to explore the platform and do practice trades risk-free.
Additionally, the demo account is loaded with $10,000 virtual funds for your trading. If the demo balance goes below $200, the account is reset back to $ 10,000, giving you the freedom to trade risk-free without pressure.
The demo account is accessible immediately after sign-up. All you have to do is select the “demo mode” in the “Select Account Mode” window. Alternatively, you can click on “Switch to Demo Mode” on the bottom portion of the main platform screen.
By contrast, several brokerage firms offer demo accounts but with differently simulated markets situations that make the unrealistic.
Facts about demo accounts:
Through utilizing the feature, expert traders have developed most of their strategies and tactics that they use in real trading.
The fantastic thing about the demo accounts is that it replicates real market situations; hence, you can gain a better understanding of the settings through practice with the platform.
Moreover, one can build assurance and build their own schemes before applying them in real-money mode
How to sign-up?
To register with Pepperstone quick and straightforward and only a few minutes to accomplish. The platform offers three options to sign up:
- Using your Google account
- Using your Facebook account
- Using your LinkedIn account
- Using your email address and a preferred password
It is that simple. Once done with the sign-up process, you will be taken to the main trading platform screen.
After the registration process, clients have access to demo accounts for free and Real Money mode as well. However, to have access to live to trade, one needs to verify their account via Verification Centre page by completing a form provided.
For identity and proof of residency verifications, one need to upload the following:
- A copy of your ID or passport.
- A bank statement or utility bill.
After accomplishing of the above requirements, Pepperstone’s staff verifies the documents and grants access to deposit menu to initially fund your account.
When using credit or debit cards, you will be required to deposit a minimum of $100 on your account.
The deposit might not be the lowest in the market but is quite more economical in comparison to the requirement of most brokerage firms. The amount is also ideal for beginners and those starting out CFD trading.
For those using bank transfers to fund their accounts, the minimum accepted deposit amount is $500.
For long-term traders, the minimum deposits do not really matter as one still needs subsequent deposits.
Trading on Pepperstone is quite easy as the platform is incredibly slick, loads fast and is designed with a simple layout for user-friendliness.
- MetaTrader 4 and MetaTrader 5 platforms available
- cTrader platforms available
- Can be accessed across various devices
- No fancy designs or themes
- Very basic platform layout
Trading with Pepperstone can be done via 2 platform technologies: Metratrader or cTrader.
Having the option to trade via these popular software providers sets Pepperstone apart from other brokerages.
Additionally, their platforms are accessible across several different devices.
The platform is economical on system resources regardless of choice of the site used, whether on a browser or their downloadable free apps.
Our intensive review and tests reveal that it loads faster without lags.
|Desktop||MT4 for Windows, MT4 for Mac OS, MT5 for Windows, MT5 for Mac OS, cTrader for Windows|
|Mobile||MT4 for Android, MT4 for iOS, MT5 for Android, MT5 for iOS, cTrader for iOS, cTrader for Android|
You’ll be able to access the platform and use any of the following languages. However, the default will be based on the language that supports your country of jurisdiction during the time that you registered.
Pepperstone has worked very hard on making its design to be simple and fitted for traders so that you can understand everything and won’t feel lost in the process of understanding their platform.
It won’t take long for those traders who are using it for the first time. This is very important as no one desires to have a difficult experience in trading.
There is no considerable difference in the Pepperstone’s web-based platform and its mobile apps for iOS and Android. If you have used it on one of the above-mentioned devices, you can simply use it on other devices also.
This has been made possible due to specific optimization for different operating Systems.
Have a look at the two below images:
The first image shows the web-based platform through a mobile browser whereas the second image is of Pepperstone app for Android.
Pepperstone managed to gain a high score for this class and it indeed deserves this.
Whenever you sign-in to Pepperstone, it will provide you the below choices for logging into your account:
- Via your Facebook account
- Via your Google account
- Via your email address and password
Logging-in through social media accounts is available only if you have used them in the registration process. If you haven’t linked any account then you won’t be able to use this option.
Searching for instruments
There are two ways to look for a specific asset.
The first allows you to look through the list of markets on the right and wider section of the main screen.
You just need to click on the class of asset to identify in the list.
The second way for searching the instrument is through the search bar. This feature is very cool if you know the keyword of the asset to get the best results or you may enter the ticker symbol manually.
Here’s an example:
If you have the interest to do trading in the currency of the British Pound Sterling, you may search “GBP” or “pound” and the assets that are attached with this currency will appear in the list involving other categories also (if they exist), such as cryptocurrencies, indices, and others.
If you usually do trading on a particular instrument then it is best to add it to the list of your favorites.
How can you actually use this?
The favorites option save a lot of your time as you don’t need to search a particular asset at the time of purchasing or selling CFD order.
This is very useful if you are in a hurry and don’t wish to miss the trading prospect.
Here’s how to do it:
You can add a particular instrument to favorites by searching it and then clicking on the plus5 (+) symbol. This way it will be added to the “My Watchlist” or a new list with a specific name.
Pepperstone enables you to add unlimited assets to your watchlists. However, it is recommended to add only important ones. Otherwise, this list will get crowded and would defeat its purpose.
This list can be easily accessed via “Watchlist” category. You can see it in the left section of the main page.
Pepperstone allows you to place various type of orders on their online trading platform. These are stated below:
- Market order – It is the default order type and is placed when you desire to execute the order quickly.
- Take profit – In this type of order, you can reset a particular value to sell or purchase a specific asset.
- Stop loss – This automatically prevents the order from selling or purchasing if the particular asset meets the pre-set value for reducing the potential loss.
Pepperstone permits you to set a particular rate to close at a particular price level by itself in order to reduce the loss and increase the profit.
Pepperstone’s notifications is very beneficial if you like to track the latest updates regarding your trading. You’ll get all the updates as soon as possible through this feature.
Pepperstone permits you to change the settings on your account according to your wish to get the latest updates about the following:
- Email notifications
- Updates, promotions and tips
- Social activity – if someone started following you, commented on your post, wrote on your wall, started copying you, one of your Facebook friends joined Pepperstone or someone commented on a post that you participated in.
You can completely opt out from Pepperstone’s marketing communication or even a particular newsfeed activity.
However, you won’t be able to turn off the notifications on important matters such as the status of your deposits, withdrawals, requests to receive documents and technical notifications.
- Push Notifications
- Night Mode – you may opt not to receive notifications at night and turn off the sound
- Types – you can toggle the switch according to type and this includes the following:
- Volatility Alerts
- Pepperstone Updates and Promotions
You can set the types of notifications that you wish to receive. Do take note that you may still receive a minimal set of mandatory notifications due to regulation requirements.
- Web Push Notifications – similar to Push notifications, you can receive alerts according to type:
- Volatility Alerts
- Pepperstone Updates and Promotions
If you have enabled this notification but noticed that it’s not working, you might need to approve Pepperstone first in your browser settings.
You’ll get the notifications or latest updates through push notifications on the platform application on your phone through the email that you provided during the registration process.
And one more thing:
There’s no fee for these notifications!
The prices of assets on the broker platform is the key to your success in trading. Therefore, it is of great importance for you.
How do you do it?
You just need to make a comparison of the actual market prices with quotes and if there is a huge difference between the actual market prices and quotes, then you might want to reconsider trading with this broker.
So how did it turn out?
The trading platform of Pepperstone is not prone to slippages. Instead, it provides the precise rates before and after the deal.
So, based on the above review, Pepperstone has managed to get an exceptional rating in this important category because due to the accuracy of prices in their platform.
The platform of Pepperstone openly discloses the fee that you have to pay at the time of trading.
In fact, there is an option for you to check the full details of the fee to avoid any later surprise when you deal with an order.
Pepperstone allows you to discover countless trading prospects with the help of more than 1000 financial instruments.
- More than 1000 instruments
- Thematic investing via CopyPortfolios
- Different financial assets across several categories
Pepperstone will allow you to access a wide range of markets and doesn’t limit you to a specific asset.
There is every instrument type that you may imagine. It covers all the main assets categories.
In comparison of other brokerages, there is a huge difference as Pepperstone offers more than 1000 instruments whereas other brokerages onl yoffer approximately 100 to 200.
Coming to the point:
With a wide range of choices, you have the liberty to choose the asset in which you are most comfortable to invest on.
This is the reason that Pepperstone secures a position with an exemplary score in this category.
In this class of assets, you can find the most common country indices counting the Netherlands 25, Germany 30, USA 500, US-TECH 100 and Japan 225 amongst many others.
You are allowed to make an investment on all the currency pair types that you can imagine:
- Majors (EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD and USD/CAD)
- Crosses (EUR/CHF, EUD/CAD, GBP/ZHF, NZD/JPY, CAD/JPY and many more)
- Exotics (EUR/TRY, USD/TRY, USD/SEK, USD/NOK, USD/DKK, USD/HKD, USD/MXN and many more)
You have the choice to invest in both type of commodities: Hard and Soft.
Soft commodities include sugar, cocoa, coffee, corn whereas hard commodities include copper, oil, gold, platinum, silver, etc.
This latest category of assets has the option to sell or buy CFD order through digital currencies such as Ethereum, Bitcoin, NEO, Ripple XRP, Litecoin, Monero, EOS, Stellar, Bitcoin Cash ABC, Tron, and Cardano.
It’s not like to sell or buy crypto with Pepperstone, but it’s like selling or buying a contract to eliminate the difference after the termination of the order.
It doesn’t require you to have a special wallet or an exchange account as you don’t owe any digital currency available on the platform.
You can place a sell or buy position on particular stocks from different countries counting Germany, USA, UK, Italy, Hong Kong, Japan, Australia, Ireland, Singapore, etc.
The other services also provide some stocks, however, they are mostly from a few countries only. This is because they have shares in the markets of UK, US and some European countries.
Sounds exciting, right?
You’ll find contracts of over 80 choices for commodities and indices.
Deposits and Withdrawals
It is extremely easy and quick to make a deposit and withdrawal through Pepperstone.
- All transactions utilize Secure Socket Layer (SSL) technology
- Various payment methods are supported
- Non-USD deposits are subject to a conversion fee
The Pepperstone platform only operates with USD. However, visually speaking you can change the currency displayed as your equity.
To change the currency displayed in your Equity, you just need to click on the Equity badge on the bottom of the platform and you will be able to select the display currency there.
If you’re going to use other currencies on the platform, this converted with additional fees.
Pepperstone supports the below-mentioned payment methods:
- Credit / Debit card (Visa, Mastercard, Diner’s Club)
- China Union Pay
- Giropay (Sofortüberweisung)
- Skrill Limited UK
- Wire Transfer
- Local Online Banking
The above-mentioned methods are the most reliable and commonly used and it is very easy to make a deposit through them.
So making a deposit in your Pepperstone account is very simple and quick through a number of payment options.
|Broker||Credit/Debit card||Electronic wallet||Bank transfer|
When you are done with the registration process, the next stage is to make a deposit. For this, you just need to select Deposit and then choose your preferred payment option.
If you have deposited money through a credit card in your account, then the withdrawal will also be made in the same credit card even if you have mentioned any other payment method in the withdrawal process.
If the first try to withdrawal does not succeed, the withdrawal will be made to your secondary payment option.
If you wish to make a withdrawal to your PayPal account, you will be required to login to your PayPal account for claiming the funds.
We highly recommend verifying the email address of your PayPal account before making any withdrawal.
Withdrawal processing time
It is very frustrating if your withdrawal request takes a lot of days to process. This is the case of some brokers and in some situations, the withdrawal request does not even succeed.
But, how long does Pepperstone takes to process a withdrawal request?
Luckily, the withdrawal processing feature of Pepperstone is very quick and it takes only three days to transfer funds from your Pepperstone account to your credit card or bank account.
It means that Pepperstone is highly reliable because they transfer your funds within minimum possible time and without any difficulty.
Fees and Charges
Pepperstone is very transparent in terms of charges as there are no hidden fees.
- No deposit or trading fees
- Tranparency on current spreads and overnight fees
- Very simple to avoid inactivity fee
- $25 withdrawal fee
- $10 monthly inactivity fee if no login for 12 months
Pepperstone gets the benefit only from the market spread that is the difference between the selling and buying price of the instrument. It is not benefited from commissions.
In comparison, other renowned services earn a lot from commissions when you trade on a particular share. The commission value is dependent on the country or market. Only Pepperstone allows you to earn with zero commissions.
Some instruments have dynamic spreads. They vary sometimes whereas some instruments have fixed spreads and they do not change.
It is very important for you to get yourself familiarize with spreads as it indicates the amount that you will earn with the successful trade.
In conclusion, the spreads of Pepperstone are a lot better in comparison to other services and deserve the highest score.
This is the amount that will be added or subtracted to your account if you hold a position for more than a day.
Here is how it works:
If you are interested to know the details, you can select the desired asset on the trading platform, click the Trade button and you will be able to see the daily and weekend overnight fees at the bottom of the pop-up window.
You will be charged $10 if you stay away from your account for 12 months. This cost is due to the active service and maintenance of your account.
The best thing is:
You can avoid this fee by signing in daily to your account as it will not take more than a minute to do this. Besides, 12 months is such a long time!
The trading tools are very important to speculate on the position of the market. Pepperstone has a variety of tools that helps you to make an analysis of historical prices, events, and trends for successful trading.
- Shows the percentage of traders buying/selling on a particular asset
- Detailed instrument stats
- High quality charts
- Research information
- Research information only accessible if you have a funded account
If you are interested in knowing the activity of other traders on a specific instrument, you can go quickly see this information on the asset’s feed.
You just need to scroll down a bit and you’ll see it right after the number of followers and percentage of investors.
Some brokerages incorporate real-time news feeds for particular assets, but you will not find such data from Pepperstone’s platform.
But the silver lining is…
There is a calendar of future events that could likely have an effect on the underlying asset’s market price. It even shows if a specific event’s likely impact will be low, medium, or high.
This feature can also be seen on the economic calendar, which can be retrieved out of the platform.
Charts and indicators
If you are into using charts for technical analysis, then you will surely appreciate the diversity of tools that Pepperstone has. Currently, these are the chart styles that are available:
- Bar chart
- Line chart
And if you want to go dipper to determine what the next promising market movement will be, then you can take advantage of the various technical indicators as well as the most common ones like the following:
- Accelarator Oscillator
- Average Directiona Movement Index
- Average True Range
- Awesome Oscillator
Getting in touch with Pepperstone’s support service is very easy and can be done in a number of ways.
- Very professional and well-trained agents
- Available 24/5
- Fast email responses
- Not available during weekends
Let’s not forget:
One of the most important concerns in choosing a particular broker is dependability in customer service.
They must be able to deliver everything that you need from them and if they go the extra mile just to attend to your requirements and answer your queries, that’s even better!
Pepperstone’s customer support is accessible via phone, email and live chat which are the most common ways to communicate.
We have tried to contact Pepperstone by sending a list of inquiries to their email support, and this department was able to answer them straight away with a fast response time.
The thing is…
Usually, it would take around a day or the next day to get an answer from the email support of the majority of brokers which is why Pepperstone’s reply time via this channel is way faster.
The live chat option is also a great option to get in touch with their agents. Their responses are very quick and they don’t go around the bush to give you what you want.
And even if you’re not using the platform or not even logged in, you can access this channel directly from their website.
So it all adds up to this…
Pepperstone has the kind of client service that we are looking for and we were really amazed at how effective their support team is.
The customer support service of Pepperstone is very quick, sincere and honest. They are well-trained and can answer all of your questions and within no time.
Pepperstone’s education center is your greatest instrument to start learning about forex and CFD trading.
- Ample educational materials
- Occassional webinars
- Regularly updated articles
- No ebooks
While some brokerages offer devoted education centers or trading academies, Pepperstone also tries to keep up with the competition.
This online resource has almost all the elementary data and tutorials that you need about their platform and their services.
Pepperstone may not have any e-books and other pioneering resources but what is accessible on their education center is more than enough to get you started.
- Learn to trade forex – this regularly updated resource covers a lot of topics including risk management, technical analysis, technical indicators, trend lines and trading other instruments.
- Learn to trade CFDs – this section is worth investing your time to read especially if you’re a newbie as it clearly explains how CFDs work and how you can trade using this form of derivative.
- Webinars – the regularly have live sessions that discuss about various trading strategies.
- MetaTrader 4 course – this is an 11-part course hosted by a market expert and is targeted for both newbie and experienced traders
- Trading guides – this is where you can find their how-to guides, tips and other informational trading articles.
- Forex trading course – even if you missed out their weekend of free webinars, you can watch the recorded presentations again and explore trading insights.
Pepperstone is not only regulated brokerage. It’s also an award-winning brand.
- Licensed by the FCA and ASIC
- Recipient of many awards
Is Pepperstone safe?
That is probably one of the most mutual questions that are asked by traders, and you will get that answer here.
We cannot put emphasis enough…
You need to be with a broker that is truthful and transparent. And looking at Pepperstone’s reputation, they absolutely lived up to it.
So yes, Pepperstone is harmless and below are some of the many reasons why.
Pepperstone is authorized and regulated by the following:
- Financial Conduct Authority (FCA) – Pepperstone Limited is registered in England & Wales under company number 08965105 and is authorised and regulated with a registration Number 684312.
- Australian Securities and Investments Commission (ASIC) – Pepperstone Group Limited), ACN 147 055 703 holds the Australian Financial Services Licence (AFSL) 414530 issued by this regulator.
Pepperstone is licensed and registered with decent regulators, which is a big pact because this promises that you will be trading with a broker that has been approved the strict rules of these financial authorities.
To start with…
Pepperstone was created back in 2010 so this means that this CFD service has been in the business for a considerable number of years. Close to ten years is no hesitation a good number to prove their stability.
This fact is a concrete indication that Pepperstone is functioned by a firm and financially strong company.
But you know what else?
A lot of traders also admires Pepperstone for having competitive spreads and no commissions on any transactions.
This can be effortlessly proven by the good amount of positive user evaluations that you can find on popular forex trading sites, forums, reviews, and even on social media like Facebook and Twitter.
What is more exciting is…
As of this writing, Pepperstone has been recognized by a number of known award-giving bodies.
Allow us to explain:
Such recognitions are a solid confirmation of Pepperstone’s success and this further proves their credibility.
We can clearly see that Pepperstone has been able to come up with a very steady platform over the years, therefore, being the top searched platform by most traders.
Not only has Pepperstone made it easy to use but they have also simplified the whole process of online forex and CFD trading.
Pepperstone offers a whole package. Their trading conditions are the best, fast, and dependable order execution and a reliable support team that handles almost any customer issues and inquiries with ease.
With such diversity of options, Pepperstone tops the tradable Assets category, hence its high score.
Practically, Pepperstone has most of the instruments and covers all the major classes of assets.
If their competitors decide to go ahead and follow their footstep would be a great as it is obviously the top leaders among the top brokers.
It was able to produce an extraordinary total score on all the key categories hence why we highly commend them for trading CFDs.
Are you ready to sign-up with Pepperstone?
Click on the button below, and we’ll take you straight to the registration page.
*Trading CFDs and FX Options entail risk and could result in the loss of your capital.
Now it’s your turn!
What’s your experience with Pepperstone?
Feel free to share your comments below.
MT4 for Mac OS