Pepperstone Review – Trading Platforms, Commission, Leverage, Account Types & more
Last Updated Date: Dec 02, 2022Pepperstone Forex Broker is one of the largest broker in the world.
Are you looking for a broker that can provide the best possible services in all the spheres of trading?
Starting from a good trading platform, low brokerage charges, and great customer care, and others of course are required for a better trading experience.
So, if you are looking for all these under one roof then you need to read the article below which enumerates the details of Pepperstone, a reputed brokerage house from Australia.
This article is basically going to be an overall Pepperstone review where you can find its commission details and trading platforms details.
Then it will cover the benefits and offers it provides.
Apart from these, we will also help you understand how good customer care service it provides and many such details.
About Pepperstone & Accepted Countries
Founder / CEO | Tamas Szabo |
Established Year | 2010 |
Publicly Traded | No |
Total Employees | 200+ |
Regulations | ASIC, BaFin, CySEC, DFSA, FCA, SCB |
Headquarter | Australia |
Pepperstone started its journey in 2010, a decade back from the lands of Australia.
A team of professional traders started this to revolutionize the online trading arena.
The official founder of the firm is Tamas Szabo. It has been providing one of the best trading platforms for active trading.
With more than thousands of investment options in currencies, stocks, commodities, this brokerage house is having ample opportunities for you.
It has its branches and network across the globe, whether it is the Middle East or the West.
As you can see it is regulated by multiple securities commissions across the world. It is primarily regulated by ASIC which is the securities commission of Australia where the firm is headquartered.
Then it is regulated by DFSA which is the regulatory board for securities in Dubai. Furthermore, it is regulated by the FSA of the UK, CySEC of Cyprus, and many other countries.
Pepperstone provides multiple trading platforms as well which help the traders to select the most suitable one for them.
With low commission charges, this brokerage house is well becoming one of the most sought after amongst the traders across the globe.
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Pepperstone Trading Platforms
Trading Platform | cTrader, MT4, MT5 |
Desktop Platform – Windows | Yes |
Desktop Platform – Mac | Yes |
Desktop Browser Platform | Yes |
Mobile Site Platform | Yes |
Android App Platform | Yes |
iOS App Platform | Yes |
Windows App Platform | No |
Other Mobile OS Platform | No |
Real-time Updates | Yes |
Portfolio Details | Yes |
Research Reports | Yes |
Global Indices | Yes |
Personalized Advisory | Yes |
Interactive Charts | Yes |
Live Markets | Yes |
Multi-Account Management | Yes |
Trading Platform Supported Languages | Arabic, Chinese, English, french, german, Italian, Polish, Portuguese, Russian |
Trading platforms are one of the most important things that you need to check while choosing a brokerage house for your trading needs.
Pepperstone provides multiple trading platforms for all devices whether it is desktop, laptop, mobile or web browser.
Starting from MetaTrader 4, it provides MetaTrader 5 as well, and also cTrader.
So, you can choose the platform you are most comfortable with for trading.
With MT 4 you can customize the platforms as you want. You can build strategies, and test runs, and then use them.
MT 4 also has Autocharist as well which will help you identify the high probability trades. There are more than 25 indicators along with the EAs which you can put to use.
With MT 5 you can explore furthermore like build and use codes using the MQL5 programming language.
Then it is loaded with multiple in-built indicators and most importantly, you can customize your style of trading with highly advanced customization options.
With cTrader, you can control the slippage issues and it is exclusively made for Windows users.
There is FIX API access with this trading platform and lots of codes that you can use.
Pepperstone Mobile App
Pepperstone app is another important feature of this brokerage house. This is the mobile trading application of the company.
All three trading platforms discussed above have their mobile trading application as well. Mobile application is available on both Android and iOS smartphones.
With the Pepperstone app, you can trade while you are on the move.
The mobile apps are loaded with multiple trading features like different trading orders.
Then there are charts and real-time updates readily available on them as well. So, you can do all your trading activities using the mobile app only if you want.
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Pepperstone Commission or Brokerage or Fees
Commission on trades | Yes |
Fixed spreads | No |
The Pepperstone commission charges are very nominal and mostly waived off in the case of some accounts they provide.
The commission is only applicable if you have a RAZOR account. Here the commission is $7 (minimum) per round turn for each 100K of transaction.
So, as you can see, the commission is too low and for the other two account types, their commission is nil.
Commission charges are very crucial as they can affect the profit of the traders.
So, when you are choosing the brokerage house, you need to check whether the brokerage charges are reasonable or not. You need to compare them as well.
With the Pepperstone commission, you do not need to worry much as the commission is only applicable on one type of account that is too nominal.
Pepperstone Exposure or Leverage
Maximum Leverage | 1;500 |
For active traders, one of the most important criteria to choose brokerage houses is the leverage they provide.
Pepperstone provides a flat 500 times exposure or leverage to all account holders. Whether you have a standard account or Razor or others, you will have 500 times of leverage which you can use for trading.
In simple words, 500 times of leverage means if you have $100 in your account, you can trade securities worth $50000. Isn’t that great?
Payment Methods provided by Pepperstone
Deposit | Credit Card, Wire Transfer |
Withdraw | Wire Transfer |
The payment methods that Pepperstone provides to the traders for making deposits and withdrawal includes Credit card and wire transfer.
For withdrawal, you can only use wire transfer.
So, the payment methods are rigid and limited. You need to make sure you have these options available to you before you start trading.
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Investment in Asset Classes or Markets by Pepperstone
Currencies Trading | Yes |
Commodities Trading | Yes |
Indices Trading | Yes |
Stocks Trading | Yes |
Cryptocurrency Trading | Yes |
ETF’s Trading | Yes |
Bonds Trading | No |
FUTURES Trading | Yes |
OPTIONS Trading | No |
Supported Cryptocoins | bitcoin, bitcoin cash, dash, ethereum, litecoin, ripple |
Total Tradable Assets | 180 |
Number Of Currency Pairs | 64 |
Number Of Cryptocurrencies | 6 |
Number Of Stocks | 64 |
Number Of Indices | 15 |
Number Of Commodities | 17 |
Number Of Futures | N/A |
Number Of Options | N/A |
Number Of Bonds | N/A |
Number Of ETFs | N/A |
Pepperstone provides more than 1000 tradable instruments.
These are spread across 180 asset classes. To name a few there are 64 currency pairs that you can trade.
Then there are another 64 stocks of different companies which you can trade.
Then you can trade cryptocurrencies as well and there are six coins available with this brokerage house which includes Bitcoin, Bitcoin Cash, Litecoin, and others.
There are 15 indices and 17 commodities as well which are on the list of tradable assets of this firm.
Pepperstone Virtual Trading or Demo Account
Virtual Money | NA |
Charges | Free |
Pepperstone provides a demo account feature for the new traders.
Traders who are new to the trading arena, want to learn trading before investing real money, can use the demo account.
The demo account provided by this brokerage house is free of cost.
There are no service charges or brokerages or commissions attached to it.
You can have an unlimited supply of virtual currency in this demo account as well.
Pepperstone Offers or Deals
Free Learning Courses | Yes |
Free Demo Account | Yes |
Discount on Brokerage | Yes |
Flexible Brokerage Plans | Yes |
Referral Offers | Yes |
Forex Trading Contest | No |
Trading Bonuses & Rewards | No |
The offers which Pepperstone provides are lucrative.
These offers can help you increase your profit margins too. Some of the most popular and sought-after offers are free demo accounts.
Then they have flexible brokerage plans as per the account type you choose. There are ample resources and courses for learning trading and investments as well which are free of cost.
You can receive multiple discounts from time to time on your brokerage charges. If you refer someone, you can earn revenue share too.
Pepperstone Regulation or Licensing
Regulations | ASIC, BaFin, CySEC, DFSA, FCA, SCB |
The brokerage house Pepperstone is regulated by multiple regulatory bodies as per the country it is operating in.
It is primarily operated by the ASIC which is the Australian Securities and Investment Commission as its origin is Melbourne, Australia.
The regulations and the licensing also suggest this brokerage house is a genuine and registered one and your funds are safe.
Find out Regulations & Licensing of more Forex Brokers
Pepperstone Features
Educational Services | Yes |
Social Trading / Copy Trading | No |
Trading Signals | Yes |
Email Alerts | No |
Guaranteed Stop Loss | No |
Guaranteed Limit Orders | No |
Guaranteed Fills / Liquidity | No |
OCO Orders | No |
Trailing SP/TP | Yes |
Automated Trading | Yes |
API Trading | Yes |
VPS Services | Yes |
Trading From Chart | Yes |
Interest On Margin | No |
Offers Hedging | Yes |
Offers Promotions | No |
One-Click Trading | Yes |
Expert Advisors | Yes |
Other Trading Features | No |
The features or facilities that you can get with Pepperstone includes –
- Learning opportunities and education services that the broker provides. There are free resources that you can use to learn more about trading and investments.
- There are trailing SP/TP facility
- You can use the automated trading feature too
- VPS services are available
- API trading feature is there
- Heading can be done with Pepperstone
- There are experts who are available to help you with your trading needs and also for advisor purpose
- Others
Pepperstone Account Types
Take a look at the types of accounts that the company is offering:
Account Type | SWAP-FREE | STANDARD | RAZOR |
Initial Deposit | AUD 200 | its AUD 200 | AUD 200 |
Spread | From 1 pip | its From 1 pip | From 0 pips |
Commission | Zero | Zero | From 7 USD per round turn, per 100k |
Leverage | 500:1 | its 500:1 | 500:1 |
There are three types of accounts that Pepperstone provides. Those are as follows –
Swap-Free:
You can open this account with an initial deposit of 200 Australian dollars.
The best part about this Swap Free account is that there is no commission that you need to pay for the trades you do use this account.
The commission is zero for this account. However, that doesn’t stop you from enjoying the 500 times commission that Pepperstone provides to the account holders.
The spread in this account starts from 1 pip which is a bit high.
Standard Account:
The second type of account that you can open with Pepperstone is a standard account.
The initial deposit requirement is the same for this account as well that is AUD 200 and the spread also starts from 1 pip.
The leverage you can get here is also 500 times and the commission is nil as well.
Razor Account:
While the initial deposit is the same as AUD 200 but the spread starts from 0 pips which is a great advantage.
However, if you have this account you need to pay a nominal commission charge which starts from $7 per round turn of 100k transaction.
The leverage you get with this account is again five hundred times.
Pepperstone Trading Account Features
Check below all the trading account features under various account types:
Trading Desk Type | Bank, DMA, ECN, No dealing desk, STP |
Min Deposit | $150 |
Maximum Leverage | 1;500 |
Mini Account | Yes |
Premium Account | No |
DEMO ACCOUNT | Yes |
Islamic Account | No |
Segregated Account | Yes |
Managed Account | No |
Institutional Account | Yes |
Suitable for beginners | Yes |
Suitable for professionals | Yes |
Suitable for scalping | Yes |
Suitable for daily trading | Yes |
Suitable for Weekly trading | Yes |
Suitable for swing trading | Yes |
Pepperstone – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
Fundamental Reports | Yes |
Research Reports | Yes |
Company Reports | Yes |
Daily Market Commentary | Yes |
News (Top-Tier Sources) | No |
Delko’s Research | No |
Top Picks | Yes |
Autochartist | No |
Acuity Trading | No |
Company Stock Review | Yes |
Free Stock Tips | Yes |
Webinars | Yes |
Video Education | Yes |
Economic Calendar | Yes |
Offline Advisory | Yes |
Relationship Manager | Yes |
Pepperstone Benefits
The advantages that you can get with Pepperstone are as follows –
- You get raw spreads which reduce the cost of trading
- The execution of your orders are superfast
- It is regulated by multiple authorities like ASIC, CySEC, and others
- You can trade over thousands of investment instruments
- You have full control of your account
- The trading platforms are available in every format
- There is VIP client service available as well
- A referral program is there for your extra income
- You can get rewards for being an active trader.
- It provides in-depth research and advisory facilities as well.
Pepperstone Cons or Drawbacks
There are a few drawbacks which are there like –
- Higher spreads
- Limited payment options
Pepperstone Trading Hours
You can trade with Pepperstone round the clock as it provides multiple trading facilities in multiple asset classes for different countries.
The timing of the market depends on the country you are trading from.
Pepperstone Customer Care or Contact Details
Dedicated Dealer | Yes |
Support During Weekends | Yes |
Online Trading | Yes |
24*7 Support | Yes |
Email Support | Yes |
Live Chat Support | Yes |
Customer Support Languages | Afrikaans, Albanian, Arabic, Azerbaijani, Bengali, Bosnian, Brazilian, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Farsi, Filipino, Finnish, French, Georgian, German, Greek, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Latvian, Lithuanian, Malaysian, Multi-lingual, Norsk, Norwegian, Norway, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Slovak, Slovenian, Spanish, Swedish, Tagalog, Taiwanese, Tamil, Thai, Turkish, Ukrainian, Urdu, Vietnamese |
The customer care of Pepperstone is excellent with multiple services like a dedicated dealer, online trading support, round-the-clock service, live email and chat support, and others.
The customer care service is also available in different languages as well which include English, Japanese, Korean, Italian, and others.
Pepperstone Safety & Security
The security measures are too high as it is regulated by some of the world’s top finance authorities. You can be assured of your funds and transactions.
There are high-level encryption and other advanced-level security protocols to protect the client’s data and funds.
Pepperstone Rating & Reviews by Top10StockBroker
Based on different users and their experiences below are the company rating and reviews:
User Experience | 7.3 / 10 |
Products & Services | 7.8 / 10 |
Brokerage Charges & Fees | 8.1 / 10 |
Research & Advisory | 8.2 / 10 |
Trading Platforms | 8.1 / 10 |
Overall Ratings | 7.5/ 10 |
Star Ratings | ★★★☆☆ |
Pepperstone Forex Trading – Conclusion or Verdict
To conclude, we can say that Pepperstone is a brokerage house, one of its kind.
It has been providing one of the best services in the forex as well as other areas of trading.
With great trading features and multiple trading platforms, it is perfect for both professional and new traders.
Pepperstone Forex Trading FAQs
Here is the list of FAQs related to the Pepperstone forex trading:
Is Pepperstone Safe for Trading?
Yes, trading with Pepperstone is absolutely safe and secure. It is regulated by ASIC and other multiple finance authorities.
What is the Commission for Pepperstone?
The commission varies from one account type to another. While it is nil for Swap Free and Standard accounts, the Razor account has a nominal commission of $7.
How to Open a Trading Account with Pepperstone?
To open a trading account with Pepperstone you need to –
- Click on this tab “ Open Account”
- Fill the form that pops up and submit it with all the correct details
- Upload required documents and then after verification, your account will be live.
Can I invest in Cryptocurrency with Pepperstone?
Yes, there are six cryptocurrencies that you can invest in with Pepperstone. There are Bitcoin, Ethereum, Litecoin, and others.
What leverage does Pepperstone provide?
The leverage provided by Pepperstone is huge. For every account type, it is 1: 500 which means you can trade assets worth $5000 with just $10 in the account.
Does Pepperstone have a trading app?
Yes, the Pepperstone app is there for android as well as iOS. MetaTrader 4 and Meta Trader 5 both provide mobile apps separately.
How to contact Pepperstone customer care?
You can use the live chat option from the trading platforms. You can also email them, they are available 24/7.
Is Pepperstone Regulated?
Yes, it is regulated by ASIC in Australia. Then it is also regulated by other authorities like BaFin, CySEC, and others in different countries.
Is Pepperstone good for Beginners?
Yes, it is a good brokerage house for beginners as well. The reason being ample learning opportunities and demo accounts.
Who founded Pepperstone?
The brokerage house Pepperstone was founded by Tamas Szabo. In the year 2010, the brokerage house came into existence and it is now having an employee strength of more than 200.
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