He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Founded in 2010 in Melbourne, Pepperstone is regulated in Australia, the U.K., Cyprus, Germany, Kenya the UAE, and the Bahamas – locations that are also home to Pepperstone offices. Pepperstone processes, on average, $12.55 billion of trades daily for more than 300,000 retail trading accounts. Your trading costs at Pepperstone will mainly depend on what you trade and which type of account you set up. Using the EUR/USD as an example, after factoring in the per-trade commission of 0.7 pips, the effective spreads on the ECN Razor account were similar to the Standard account at 0.93 pips (using September 2021 data).
- Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs.
- Also, those who qualify for the Active Trader program receive rebates for trades completed on Razor accounts, with the rebates dependent on the volume of trades completed.
- Pepperstone traders that select the MetaTrader 5 forex trading platform can trade U.S. share CFDs.
- Content includes the “Chart of the Day” and “Daily Fix”, which are all extremely useful for traders across a range of abilities.
- The functionality and research tools that come with each platform vary, but the process of placing a trade follows the same general principles.
Broker Details
The other instruments offered by Pepperstone all have either straight spreads or some combination of spread plus commission. Pepperstone offers uncomplicated access to the markets which allows the client to focus on the complicated task of trying to successfully trade the markets. Pepperstone is ideally suited to traders that want a manageable range of low-cost offerings, multiple choices of user interfaces and account types, and efficient customer support. Investopedia’s ranking algorithm factored in these attributes in declaring Pepperstone as the Best Forex Broker for Trading Experience in 2020.
Forex Brokers
As with the trading platform, traders with Pepperstone can choose from the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader mobile apps. Again, as with the trading platform the breadth of apps on offer is a positive, but once more as with the trading platform we would prefer to see Pepperstone offering their own mobile trading app. Pepperstone is one of the world’s largest trading brokers and is praised for its excellent customer service and wide range of third-party platforms. The research offering better than industry standard, but one minor negative is the relatively lower number of tradeable products compared to other brokers.
WHAT DID OUR TRADERS THINK AFTER REVIEWING THE KEY CRITERIA?
You can also use advanced features of Trader Automate lets you back test and optimise trading strategies, by building automated trading robots and custom indicators. In addition, professional clients can apply to get exclusive features and higher leverage, but they will lose negative balance protection. Professional accounts include access to exclusive events, a relationship manager, access to the Active Trader program and credit facilities. As with most brokers, Pepperstone offers a wide variety of Forex pairs, including majors, minors, and emerging markets. Pepperstone gives investors access to 60+ currency pairs and also 3 currency index CFDs. This offering of currency indices is notable, as although many brokers offer a US Dollar Index, there are few that offer a Euro Index and Japanese Yen Index.
Trading Platform
Standard accounts have institutional grade spreads with an average EUR/USD spread of 0.6 to 1.3 pips. Considering the low minimum deposit requirements, and its robust research and range of support for third-party https://forexbroker-listing.com/ platforms, Pepperstone is a great option for forex and CFDs traders – regardless of experience level. In 2024, Pepperstone finished best in class for Social Copy Trading, Algo Trading, and MetaTrader.
Is Pepperstone a safe broker?
Pepperstone is an agency-execution broker that offers excellent pricing on its Razor account when combined with its Active Trader program for high-volume traders. Meanwhile, its Standard account is not as impressive, and features comparably higher spreads. This is the ideal account choice if you’re new to trading or prefer to place long-term trades. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. The Pepperstone platform is in places institutional-grade, but this impressive service isn’t just for the professionals.
Offering of investments
The individual share CFD offering is of 600+ share CFDs and only from US markets. Overall, Pepperstone should be considered a safe and secure broker for spread betting, CFDs and Forex trading. You can trade CFDs on stock averages (indices), individual shares, Forex pairs and Forex indices (as outlined above), cryptocurrencies (as outlined below) and CFDs on commodities with Pepperstone. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
The broker also operates out of the United Kingdom under the brand name Pepperstone Limited and in the Middle East as Pepperstone Financial Services (DIFC) Limited. If you decide to go live and trade real funds, it’s worth noting that Pepperstone doesn’t have hidden charges relating to account administration. The Demo account available at Pepperstone is a free, no strings opportunity to try out the platform. To withdraw funds, log in to your Pepperstone client area, select the ‘Funds’ tab and click on ‘Withdraw funds’ to find all the withdrawal options. Choose your fund payout method and confirm the request sent to your confirmation email. Additionally, you can review Pepperstone yourself without any commitment via a demo account.
Access a world of CFDs across Forex, Indices, Commodities and Shares and trade the global markets your way. Pepperstone customer support can be contacted 24/7 via phone, live chat and email. The around-the-clock service will be a really attractive option for some, and the inclusion of all three of the main ways of raising issues is another positive for the service. The decision by Pepperstone to offer MT4, MT5, cTrader and TradingView platforms is to be celebrated. As they are all supplied by third-party providers, there is a need for an additional user profile to be set up, but this was done instantly, with the new details being sent to our email address.
Additionally, the trader can make the stop loss a trailing stop loss, though the option for a guaranteed stop loss is not offered. Furthermore, there is a choice as to whether the trader wants the stop loss order to be executed at the bid or ask rate. Pepperstone also offers a no-swap Islamic account that incurs administration fees after a two-day holding period. Pepperstone offers deep liquidity at the quoted price which is known as top-of-the-book liquidity. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website.
Pepperstone offers some of the best trading conditions in the industry including very tight spreads on a big range of available currency pairs and other assets. See our full list of trading pairs (90 +), spreads, and margins across our CFD accounts below. Trade forex majors, minors, crosses and exotics on highly competitive pepperstone forex conditions including low spreads and deep liquidity. Pepperstone offers access to 90+ currency pairs alongside our suite of more than 1200 CFDs across different assets. Industry-standard questions on source of funds, trading experience and educational background form the main part of the account opening requirements.
This allows for seamless social trading that allows you to copy the trading strategies and signals of successful traders in real time. Furthermore, Pepperstone is amongst a handful of brokers that allow clients to trade these individual US equities in extended market hours. This can be extremely useful for traders to take positions early or reduce risk. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.