Pepperstone Overview
Website: pepperstone.com
Telephone: +61 3 9020 0155
Regulation: ASIC (Australia)
Minimum Deposit: $200
Spreads From: 0.1 PIPs
Max Leverage: 500:1

Pepperstone Broker Review

Pepperstone is a leading provider of Forex trading services in Australia. Among others, traders can enjoy all the benefits of world-class customer support, innovative technology and a wide range of CFD trading options with Pepperstone. This Forex broker offers low spreads on Forex pairs, commodities and CFDs, and is fully licensed and regulated to offer real money trading to clients. Among the many benefits of trading with this established brokerage are ASIC regulation, segregated client accounts, a wide range of trading options, spreads as low as 0.0 pips, 24/6 trading, around-the-clock customer support, and no dealing desk functionality. As a new Forex trader, Pepperstone offers peace of mind with a variety of trusted Forex trading platforms including MT4, WebTrader, and cTrader. Mobile trading options are available for Android and iOS devices. This Forex broker is based in Melbourne Australia, and is owned and operated by Pepperstone Group Ltd. The broker has the following AFSL #414530, and ACN #147055703.

Overview/ background

Pepperstone is first and foremost an award-winning Forex broker with hundreds of assets available for trading purposes. Clients have access to a demo account and a live account. Among the many awards won by this prestigious company since inception are the Deloitte Technology Fast 50 Australia 2013 Award, the 2013 BRW Fast Starters award, the 2015 Award for Investment Trends from Australia FX Report, and #1 Overall Client Satisfaction Award in 2015 by Australia FX Report. More recently, Pepperstone received the Governor of Victoria Exports Awards Prize in 2017, and the Australian Growth Company Awards in 2017. The company has ultra-low spreads of 0.0, 80+ tradable instruments, 10+ funding methods, a minimum deposit requirement of $200, 11 innovative trading platforms, leverage as high as 500:1, and 22+ tier 1 banks on board.

 

Account Types

Clients can open accounts on Windows, Mac, WebTrader, iPhone and Android devices. There are primarily two accounts: A Live Account and a Demo Account. The Live Account has spreads from 0.0 pips, allows traders to access 11 trading platforms, requires a minimum deposit of AU$200, and has pricing based on raw interbank spreads and low commissions, or institutional grade spreads. The demo account requires traders to register by answering the following information: first name, last name, email, mobile/cell number and then verification of personal information. There are 3 steps to start trading with a demo account. Clients will receive AU$50,000 in demo funds to trade faux assets under real market conditions. The registration process for the demo account can be completed within 3 minutes, and traders can access it for 30 days.

 

Trading Platform/ software

Pepperstone features 11 trading platforms. These include the reputable MT4 (MetaTrader 4) and cTrader. MT4 includes MT4 for Mac, MT5, WebTrader, Android, iPhone, iPad and tablet trading platforms. cTrader comes in a WebTrader format, as well as cTrader for mobile devices, and cTrader for cAlgo. The trading platforms offer smooth functionality, a wealth of features and quick and unfettered access to the Forex markets. Trades are executed efficiently, and multiple actions are possible at the click of a button. Forex trading and CFD trading can be enjoyed on the Pepperstone trading platforms, and a wide range of educational tools and resources can be accessed to boost trading activity.

 

Deposit options

Deposit options include the following: Visa, MasterCard SecureCode, credit card/debit card, PayPal, POLi, UnionPay (China UnionPay), bank wire, BPay, Skrill, NETELLER, Qiwi, FasaPay, and broker to broker. There are no internal fees for deposits/withdrawals at Pepperstone.

 

Markets

Pepperstone offers 70+ Forex pairs for traders at low spreads (From 0.0 pips) on currency pairs like GBP/USD, AUD/USD, EUR/USD, and USD/JPY. Some 13 CFD trading options are available on indices. As for precious metals, palladium, gold, silver, and platinum are available. Energy commodities include Brent crude oil and WTI crude oil, natural gas et al. The minimum trade size is $0.10 per PIP and leverage as high as 500:1 with zero commission. Another important market available at Pepperstone is Bitcoin with leverage of 20:1. Bitcoin is traded against the USD.

 

Bonuses

From time to time, various bonuses and promotional offers are made available at Pepperstone. These include friend referral bonuses, and the Qantas first deposit bonus. Clients are advised to contact customer support before registration to ascertain which bonuses and promotional offers are available.

 

Customer Support

Traders can get in touch with Pepperstone support via the Melbourne office, live chat, email, local call, telephone, fax etc. The live chat function is particularly useful as it connects you instantly to a support representative who can resolve your queries. The local call number is 1 300 033375, and the telephone number is +61390200155. The general support email is [email protected], and introducing brokers can contact the company at [email protected], and the press at [email protected]. Pepperstone also has offices in Shanghai, China with live chat, email support and snail mail offices available. A US-based office is available in Dallas. The company also has offices in London United Kingdom with a toll-free telephone number of +44 800-046-5473. Forex traders will find the customer service representatives professional and courteous at all times, and they are extremely knowledgeable about currency pairs trading.

 

Safety

Safety and security are assured at Pepperstone. For starters, this FX brokerage offers segregated client accounts, and is ASIC regulated. As an award-winning broker, clients have nothing to worry about.

 

Ease of Use

Forex traders will find it particularly easy to navigate their way around the platform. Trading currencies and CFDs are easily done with 11 world-class trading platforms for PC, Mac, iOS and Android users.

 

Final Thoughts

Forex traders will enjoy the range of platforms and Forex pairs. These include a huge number of popular options such as the GBP/USD, EUR/USD, it USD/JPY, GBP/JPY and others. The currency trading options in demo mode allow you to enjoy up to $50,000 in practice money trading. Pepperstone intentionally keeps things simple to make it really easy for you to start trading a wide range of assets at home, or on the go.

Pros
  • Fully licensed and regulated by ASIC
  • Bitcoin trading option
  • Segregated Accounts
  •  Demo Trading Platform
  • Excellent Trader Resources
  • 4/5 rating on TrustPilot from 260+ reviews
Cons
  • Scant evidence of new trader welcome bonus
  • Demo account valid for 30 days only
  • Only traders from regulated jurisdictions
Pepperstone Overview
Website: pepperstone.com
Telephone: +61 3 9020 0155
Regulation: ASIC (Australia)
Minimum Deposit: $200
Spreads From: 0.1 PIPs
Max Leverage: 500:1
Pros
  • Fully licensed and regulated by ASIC
  • Bitcoin trading option
  • Segregated Accounts
  •  Demo Trading Platform
  • Excellent Trader Resources
  • 4/5 rating on TrustPilot from 260+ reviews
Cons
  • Scant evidence of new trader welcome bonus
  • Demo account valid for 30 days only
  • Only traders from regulated jurisdictions