Pepperstone Trading Account – Review, Types, Process, Benefits, Charges & moreLast Updated Date: Aug 31, 2023
Know everything about Pepperstone Trading Account here.
For trading any financial instruments, be it forex/ currencies, commodities, stocks, and others, you need a trading account.
A trading account is a point from where you trade or place orders.
Trading accounts help you choose the instruments you want to trade and then you place the order using the options available like BUY/SELL.
Using this very account, you can modify or cancel the orders as well.
These are the primary services of a Trading account. There are multiple other features and facilities which you can use in your trading account.
So, if you are thinking of trading and are confused about which trading account to choose, then here you can read about the features, benefits, charges, and other aspects of the Pepperstone Account.
Pepperstone Trading Account and Benefits
Pepperstone Trading Account comes in different types which will be discussed afterward in the later section of the article.
The brokerage house started its journey in the year 2010 and it was founded by Tamas Szabo. The headquarter of the brokerage house is in Australia.
It is regulated by ASIC, CySEC, FCA, SCB, DFSA, and BaFin. The benefits of using the Pepperstone Trading Account are as follows –
Pepperstone has tie-ups with tier 1 banks and financial institutions. This helps them provide very low spread and competitive quotes to the clients (traders).
Trading lot size:
For retail investors, it becomes difficult to trade different instruments if the lot size is huge.
However, with Pepperstone, you can start trading with just 0.01 lots. However, there is a maximum limit on the trading lots as well which is 100 lots per trade.
You can do scalping using the Pepperstone account. It has a scalping feature available in it.
Hedging is one of the most important aspects of investment and trading. However, very few brokerage houses provide the hedging facility and Pepperstone is one of those few.
Pepperstone Trading Account provides very high leverage up to 500 times. This means you can trade assets worth $50000 having just $100 in the trading account.
There are advisors who are experts in this financial trading and analysis field. They can guide you with your trading and investment if you opt for the service.
Minimum account balance:
You can open an account with just AUD 200 as this is the minimum account balance that you need to keep.
There are multiple currencies available for trading. Along with this, there are multiple other financial instruments available for trading with this trading account.
You can do news trading which is a unique feature provided by brokerage houses.
Mini account and Demo account:
There is a mini and demo account feature available as well. A demo account can help learn to trade.
Ease of use:
The trading accounts are designed in a way that can be used by beginners as well as professional traders.
Fill up the Form – Open Forex Trading Account Now!
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Pepperstone Trading Account Charges
|Trading Account Charges|
|Account Type||SWAP FREE||STANDARD||RAZOR|
|Initial Deposit||AUD 200||AUD 200||its AUD 200|
|Spread||From 1 pip||From 1 pip||Starts From 0 pips|
|Commission||Zero||Zero||From 7 USD per round turn, per 100k|
Brokerage Charges are another essential criterion which you need to check when opening any trading account.
However, with most of the Pepperstone accounts, the commission is zero. Only the commission is applicable on the RAZOR account.
The commission that you need to pay is $7 per round turn for each 100k transaction.
So, if you are choosing the other two accounts then you can trade without worrying about any brokerage charges.
The brokerage charge is very reasonable for the RAZOR account as well.
Types of Pepperstone Trading Account
|Types of Trading Account|
|Trading Desk Type||Bank, DMA, ECN, No dealing desk, STP|
|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|
Three types of trading accounts are offered by Pepperstone. They are as follow –
The basic account which you can open with Pepperstone is Swap Free account. In this account, the brokerage charge is nil.
This means that you need not pay any brokerage charges on any of the trades you perform.
The initial deposit in this account is AUD 200. The spread starts from 1 pip which is reasonable enough. The leverage you can get is up to 500 times which is quite good.
The second type of account that Pepperstone offers is a Standard account. In this account also there are no commission or brokerage charges.
You can deposit AUD 200 and start trading. The spread also starts from 1 pip and the leverage is up to 500 times.
The third account is RAZOR which is a commission-based account. Here you need to pay $7 for each 100k transaction.
The initial deposit is the same as AUD 200 and the leverage is also the same up to 500 times.
However, the spread is from 0 pip which makes the trades more profitable.
Pepperstone Account Opening and Trading Process
Now as you know the charges, benefits of the Pepperstone trading account, and if you are satisfied and want to open the account then you need to follow these steps given below –
- You need to click on the “open account” button
- Then fill in the pop-up form on the screen
- Enter all the details like name, contact details, occupation, choice of account, and other details as on the form and submit it
- Then you need to submit the documents for supporting your application that is for KYC
- Make sure you upload all the required documents in the correct format as mentioned
- Once you get the approval, you will be receiving the id and the password.
Once you have the trading account live and the id password with you, you can download any of the Pepperstone trading platforms.
You can also use the Pepperstone online trading feature. Login using the trading account login id and password.
For setting up, you can add the instruments that you want to track and trade on the watchlist. You can add by searching the exchange name or the company name itself.
Once your account is ready, you can start trading –
- Select the stock/ currency pair or any other instruments
- Click on it, read all the details
- Then click on BUY or SELL option
- And your trade order will be executed in seconds.
Find Different Trading Account Types of Forex Brokers
Pepperstone Trading Account – Features
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
The features which make the Pepperstone trading account so sought after are –
This is the age of automation and trading is nowhere behind in this.
Trading software includes AI to provide a better trading experience and returns to the traders.
If you have a Pepperstone account, then you can have access to its automated trading features as well. Along with automation, there are API and VPS services as well.
Technical charts, indicators tools:
All types of technical analysis tools you can avail with Pepperstone trading platforms once you have the account.
There are professional analysts who are there to provide tips and suggestions for trading.
There are multiple resources for learning to trade. You can self-educate yourself about the market. Then you can learn different trading practices, strategies, and everything.
Multiple types of accounts:
As different traders have different requirements, Pepperstone provides three different types of accounts. You can choose the one that suits your requirement the best.
Check out Online Trading Services of FOREX Brokers
Pepperstone Trading Account – Conclusion
To conclude, we can say that the Pepperstone trading account is undoubtedly one of the most sought-after trading accounts as it has multiple facilities for traders.
One of the most important features is that you can trade without paying any commission using its Swap-free and standard account.
Moreover, there are free learning resources, advanced trading platforms, and a lot more to add the zing to your trading experience.
Pepperstone Online Trading – FAQs
Here is the list of FAQs related to the Pepperstone online trading:
Does Pepperstone provide Online Trading?
Yes, there is a full-fledged Pepperstone online trading facility which you can avail of. You can trade using its web-based platforms, terminal software, or mobile application.
There is no need to go to the branch and trade or call and trade. You can trade on your own using the online facility.
What are the Commission Charges in Pepperstone?
The commission charges are nil for a standard account and Swap-free account. Two of these accounts if you open, do not have to pay any commission for trading.
However, with the RAZOR account, there are nominal commission charges which the brokerage house levies for trading.
Does Pepperstone provide Demo account Trading?
Yes, there is a Demo account that you can avail yourself of with Pepperstone.
You can switch to an actual trading account when you have learned to trade on the Demo account.
You do not need to pay a penny to use the demo account. It absolutely is.
Is trading Free at Pepperstone?
Yes, it is partially free. Only if you are using a RAZOR account, then only you have to pay the commission for trading otherwise, there are no commission charges and are thus free.
Does Pepperstone provide Spot Metals Trading?
Yes, it provides spot metals trading in gold, silver, and other metals. You can explore spot trading easily with the Pepperstone account.
What are Spot Metals Trading Charges at Pepperstone?
The charges are according to the account you are using for spot trading.
If you are using the Swap-free or standard account, then there won’t be any commission.
If you are using RAZOR, then you have to pay the commission.
Does Pepperstone provide Stock Trading?
Yes, there are stocks of different companies which you can trade using the Pepperstone account. You can trade them or invest in them for the long-term as well.
What is Spread at Pepperstone?
The spread varies from account to account. While it starts from 0 pip in the RAZOR account, and it can go above as per the market. For the other two accounts, it starts from 1 pip.
Is Pepperstone safe for trading?
Yes, there are multiple securities commissions like ASIC, FCA, BaFin, and others regulating Pepperstone. So, you do not have to worry about your funds nor data.
Does Pepperstone provide Trading Tips?
Yes, there is a research team that is completely dedicated to providing traders with opportunities to explore.
There are tips, suggestions, and advice shared by them from time to time.
Fill up the Form – Open Forex Trading Account Now!
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