Pepperstone Group Limited is the holding company of Pepperstone, a multi-asset, multi-regulated CFD broker, founded in 2010 and headquartered in Melbourne.
The STP/ECN broker also operates out of the United Kingdom under the brand name Pepperstone Limited and as Pepperstone Financial Services (DIFC) Limited in the Middle East. The regulators include the Australian Securities and Investment Commission (ASIC), the Financial Conduct Authority (FCA) and the Dubai Financial Services Authority (DFSA).
You can register with Pepperstone from either of the two account types- Standard or Razor. The former is a low spread account with zero commissions, and the latter comes with a transaction charge of AUD$7 per lot. The minimum deposit for both the account types is at AUD$200.
What sets Pepperstone apart from the competition is the range of trading platforms. Clients can access the 150+ CFD instruments across FX, commodities, cryptocurrencies, indices and shares from three platforms- MT4, MT5 and the cTrader.
When it comes to the trading conditions, it depends on the account type and your country of residence. The minimum spread on the Standard Account starts at 1 pip while the spread on the Razor Account starts from zero. Also, retail clients residing in the UK and Europe receive max leverage of 30:1, while professional clients and those coming under the other two regulators are subject to lower margins.
Pepperstone offers 24/5 support, an average order execution speed of 30ms, trade execution from an array of 22 banks, and free funding options. In terms of educational resources, you can find loads of information on the website, sign-up for webinars or access the live economic calendar. Also, Pepperstone is right at the top when it comes to the safety of client deposit and maintaining client privacy.
So, it doesn’t matter if you are a beginner or an expert, Pepperstone has something for everyone. Be it the regulations, cutting-edge trading platforms, high-speed order execution, analytical tools, excellent trading conditions, automated trading, or VPS hosting, Pepperstone has it all.
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Pepperstone Trading Products
Forex trading is one of the main draws of the operation, though it has to be said that not all user feedback available out there in this regard is positive. Still, Pepperstone feature no fewer than 70 currency pairs, among them majors, minors and exotics. The brokerage seems proud of the fact that on majors like the EUR/USD and GBP/USD, it features spreads starting from 0.0 pips. The maximum leverage is pretty impressive on Forex too: 1:500.
In regards to Indexes, Pepperstone offers some 13 CFDs, which cover most of the important nooks and crannies of the global economy. Pepperstone boasts superb trade execution (though some of their clients have been known to complain in this regard too). Apparently, the whole trading setup is optimized for institutional traders, which means that retails clients are offered access to the same technology.
The Precious Metals selection covers assets such as Gold, Platinum, Palladium and Silver. The minimum trade size on these assets has been set to $0.10 per pip, and the maximum available leverage is 1:500 on this category too. No commissions are charged on commodities.
The Energy section is about assets such as Oil and Gas. The trading conditions are indeed quite attractive on this category as well. We have spreads starting from 0.04, and margin requirements of AUD 0.81-AUD 1 per minimum trade size. Traders can use leverage of 1:500 on these assets too.
The Crypto section covers Bitcoin, Ethereum, Dash and Litecoin-based CFDS. The maximum available leverage on these underlying assets is just 1:5, and the trading conditions are generally not as attractive as on the above discussed categories. All that is quite understandable though, given the semi-regulated nature of these markets and the extreme volatility which characterizes them. Again: these are CFDs (Contracts for Difference), financial derivatives, which means that you will only be trading the price-swings of the above-said cryptos, and you won’t ever get to actually purchase any cryptos through Pepperstone.
Pepperstone offer detailed information regarding the trading conditions associated with each of their above-described asset-classes. The same goes for swap rates. According to the site, the attractive spreads are made possible by the Edge technology used by the operation, as well as by the no fewer than 11 trading platforms.
Pepperstone is currently a participant in the Equinix Financial exchange, a state-of-the-art network of execution venues and trading servers. This way, the brokerage has unfettered access to a wide range of low-latency networks, as well as to some truly impressive VPS hosting options, that complement MT4s EAs wonderfully.
Pepperstone Account Types
The Edge Standard account is the entry-level account of the brokerage. Requiring a minimum deposit of just AUD 200, it is indeed very accessible. It features spreads starting from 1 pips and no commissions. It offers STP execution through 22 banks and ECNs.
The Edge Razor account offers much better spreads, but it features commissions as well. The minimum required deposit for this account is AUD 200 too. The account allows scalping, hedging, as well as the use of EAs.
The Pepperstone Islamic account is a swap-free account, which is indeed fully Swap-Free. The minimum required deposit is USD 200. The average spreads on this account, on a Forex pair like the EUR/USD, range from 1 pips to 1.2 pips. There are no commissions. This account allows for scalping, hedging and EAs as well.
The Active Traders account is aimed at institutional investors and those retail traders, who can afford to move massive amounts of money through their trades. This account also features custom account managers, VPS hosting, advanced reporting and custom trading solutions. The users of such accounts can trade through APIs, as well as third-party trading platforms.
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Pepperstone Trading Platforms
As said above, the brokerage offers no fewer than 11 trading platforms. Some of these are industry staples, such as MT4 and MT5, while a number of others are mobile- and web traders. The primary web trader of the brokerage is an MT4-based solution, which carries most of the perks and features of the full version.
MetaTrader 4 itself (its full, downloadable version) is available in different versions for Windows as well as Mac. The cTrader suite offers a Windows-based solution as well, in addition to yet another web trader.
MAM/PAMM accounts are offered too, designed specifically for money managers, who handle multiple trading accounts and trade block orders through a single, master account. Such accounts support all order types, as well as periodic client report management. EAs are supported by the MAM/PAMM suite as well.
Through such an account, commissions and trading performance can be monitored in real time.
Pepperstone Review Conclusion
Pepperstone covers everything an expert Forex/CFD trader could possible need. From the above-detailed MAM/PAMM accounts, to EAs and VPS hosting, and a truly impressive selection of trading platforms, it does indeed have all the bases covered. Its trading conditions are great for the most part, though the user feedback regarding various aspects of the service, could indeed be better…
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Read all forex broker reviews.Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.
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