Pepperstone Broker Review
Pepperstone was founded in 2010 in Australia by a team with long experience in Forex and new technologies.
It is a broker platform that stands out for its speed.
It offers a Meta Trader and Forex on 52 currency pairs including a large selection of exotic products that can be found on the market.
Finally, one of its advantages is that its spreads are not high.
In addition, it represents 3% of market share, making it one of the largest platforms in the world working with more than 65 countries.
This high percentage can be explained in others thanks to excellent support.
It should be noted that Pepperstone has received awards in its sector for innovation and excellence in brokerage and Forex.
The support offered by the platform is a personalized customer service and has many years in the field of Forex.
Thus, Pepperstone offers a personal account manager and a real training for beginners.
But also a 24-hour support, thanks to the diversified location of their offices located in Melbourne, Shanghai, Dallas, Bangkok and London.
This personalized help is offered by chat, phone and e-mail online.
Execution speed on the Pepperstone platform
One of the peculiarities of Pepperstone is its very fast execution speed of 0.05 seconds, thanks to an ECN broker, making it one of the fastest brokers in the world.
This speed can be increased 12 times thanks to the Fast Trading International servers, installed on Wall Street and in London.
It should be noted that this speed is also due to a fiber optic network from Sydney to New York, which allows latency reactions 10 times faster.
Trading Platforms on Pepperstone
The Pepperstone platform does not require any download and runs on several operating systems including MacOSX, Linux or Windows.
Pepperstone offers two platform options:
The Meta Trader platform, which has a very easy-to-use interface with real-time graphics and in-depth news.
The cTrader platform, which gives the possibility of trading Forex, based on an algorithm, which has a personalized interface, enhanced and combined with advanced options of placing orders.
Finally the WebTrader platform with an application for iphone, Android and tablets.
Leverage on Pepperstone
The leverage offered on the platform can go up to 1: 500, which is one of the highest leverage in the Forex market.
Accounts and Transaction Fees on Pepperstone
When compared to other platforms, Pepperstone was considered the best platform for spreads and other fees.
There are several kinds of accounts on Pepperstone:
First, the Standard Accounts, which is without commissions and with spreads that start at 1.0 pips.
Then, the Razor account, which charges a commission of $ 3.5 on every $ 100,000 exchanged.
Then the Platinum account with a higher level of service and superior ECN EDGE performance.
In addition Pepperstone offers an unlimited demo account that allows you to become familiar with safe exercise.
Finally, there is also an Islamic account that meets the needs of clients who respect Islamic law.
It should be noted that their EDGE environment is the best-performing Forex trading portfolio in the industry.
In addition, ECN transactions are via the Metatrader 4 platform, which is the world’s favorite currency trading platform.
Pepperstone provides its customers with many educational tools.
In particular articles, real-time graphs, analyzes and indicators.
The platform also offers a useful financial glossary to become familiar with the particular language that governs this area.
But one of the very interesting tools available to customers is his social trading and his autotrading. With ZuluTrde, MirrorTrade, Robo X, MT4 Signals and MyFXBook Autotrade, customers can copy the strategies of other traders directly into their account. For this the minimum deposit is 200 USD with a leverage of 1: 400.
Weekly market reviews and periodic webinars can also be found on Pepperstone through the partnership with Boris Schlossberg and Kathy Lien of BK Forex.
Finally, there is also an economic calendar on Pepperstone that keeps customers informed of upcoming events.
The regulation of the company is Australian: the Australian Financial Services license, the ASIC, which requires the platform staff training, a risk management process, audits and accounting.
This also means that receivables must be held with Australian financial institutions, ie National Australia Bank and Barclays Bank in the UK.
In addition, Pepperstone is regulated by the CFA, the Financial Conduct Authority.
Pepperstone requires for a Razor account a minimum of 200 USD deposit.
Payments can be made by credit card, by bpay or PayPal.
It should be noted that withdrawals are made in the same manner as deposits and require completion of an online form. In addition withdrawals generally require a period of 3 to 5 days.
As in most regulated platforms, there is no bonus system on Pepperstone.
However, Pepperstone has developed travel points for its customers through a partnership with Qanas Airlines in Australia, which is also valid for Australian customers.
Pepperstone has many benefits for most users:
First of all, its very high speed of execution. Then his expenses are low. In addition, she has exceptional customer service.
It is a safe, stable and reliable platform.
Its main disadvantages are the difficulties encountered in withdrawing money from the accounts. As well as the problems encountered for the exchange of “exotic” pairs.