Pepperstone provides some of the lowest spreads available on the market across all trading instruments.
The broker allows algorithmic and copy/social trading via MetaTrader and cTrader platforms. Furthermore, it provides multi-platform add-ons, enhancing your MT4/MT5 trading experience.
Pepperstone is authorized by top-tier regulators like FCA in the UK and ASIC in Australia.
Pepperstone offers 1,200+ trading instruments, including forex currency pairs, stocks, cryptocurrencies, ETFs, indices, commodities, and currency indices.
Peeperstone is not regulated by National Futures Association (NFA) and does not accept clients from the US.
Pepperstone was founded in 2010 by an experienced team of FX professionals. The headquarters of the company lies in Melbourne and it has offices in several other countries. The company is regulated by the FCA in the UK and ASIC in Australia. According to numbers from Finance Magnates, Pepperstone has an average monthly trading volume of roughly $212 billion.
Pepperstone is regulated by both the FCA and ASIC and client funds are held in segregated accounts within Tier 1 banks. It therefore deserves a high trust score. Unlike some other brokers, Pepperstone avoids pushing their clients to offshore-regulated entities. While many traders would prefer higher leverage, it does prove that the broker takes the local regulations and rules seriously.
Pepperstone offers multiple types of trading platforms to meet the individual requirements of the clients depending on their trading goals and styles. Also, they make sure the platforms are compatible with windows, Mac OS, iOS, and Android so that you can instantly access the market through any devices such as desktops, tablets, and mobile phones. Once you successfully register for a Pepperstone account, you become eligible to use the following trading platforms:
MetaTrader 4 (MT4) is a unique and the most-trusted trading platform among forex, stocks, and cryptocurrency traders. This platform allows one-click trading, instant trade entries and exits, multi-trading terminals, and 24/7 access to the global financial markets. While using MT4, you’ll enjoy a large scale of charting tools, built-in indicators, and strategies for performing technical analysis and live trading simultaneously. Besides real accounts, you can also use a demo account to test the MetaTrader Platform and the broker’s services without investing.
Since MetaTrader 4 is globally recognized, you’ll always find numerous tutorials and troubleshooting tips for the platform across the web.
Besides MT4, Pepperstone also offers MetaTrader 5 (MT5) platforms for its clients. If you love automated trading, then MT5 can be an ideal match. This platform comes with an MQL5 Wizard that lets you create your own trading bots. Moreover, it includes advanced features like trade signal channels, Copy Trading, and Virtual Hosting Services (VPS).
Clients using MT4 or MT5 platforms can also access its Web Trader and mobile trading apps. Web Trader doesn’t require downloading any extra software. It enables you to enter the market and trade through internet browsers using your MetaTrader login information. Besides, its mobile trading app has individual versions for iPhone, iPad, and Android devices.
cTrader is the best platform for order customisations and optimised processing of expert advisors. It allows adding multiple take-profit and stop-loss orders. Moreover, it comes with useful features such as trade analysis reports, detailed order tickets, and comprehensive video tutorials.
Available Account Currencies: GBP, USD, EUR, CHF
Deposit Options: Debit/Credit Card, Bank Transfer, POLi, BPay, PayPal, Neteller, Skrill, and Union Pay
Withdrawal Options: Debit/Credit Card, Bank Transfer
Pepperstone provides TradingView charting integrated with the cTrader platform. Traders can also integrate their Razr trading account to trade directly from the TradingView charts. Furthermore, the TradingView pack includes pre-built customisable indicators and access to the largest social trading network in the world.
On top of the TradingView integration, Pepperstone clients also enjoy a plethora of other premium trading tools such as: Autochartist, Smart Trader Tools, API trading, VPS trading.
Depending on spreads, commissions, and market accessibility, Pepperstone offers two types of trading accounts, Standard and Razor. As a part of our Pepperstone broker review, we’ve covered a brief discussion on each account type so that you can find a better match.
Pepperstone has designed its standard account to meet the key requirements of novice traders. With a standard account, you’ll enjoy an average spread of 0.6 pips and zero commissions on trading. The trading costs are usually charged within the spreads. Beginners consider it as a simpler solution for finding an ideal balance between features and costs. The standard account is a better choice for those who want to test their strategies in real markets or plan to grow a smaller account at a steady pace.
The Razor account offers institutional-grade spreads with no markups. The average EURUSD spread of this account ranges from 0.0 – 0.3 pips. Spreads for other major pairs such as GBPUSD, USDCAD, and USDJPY start from as low as 0.0 pips. Besides, professional clients with the Razor account enjoy up to 500:1 leverage. However, Razor users pay a $7 commission for each round of 100k traded. According to our review, the Razor account is the best choice for experienced scalpers and algorithmic traders.
Since spreads play a key role in choosing the best brokers, we’ve compared Pepperstone spreads to some of its competitors to ease your decision-making. Overall, Pepperstone provides some of the tightest spreads available on the market across some of the most important trading pairs.
The average EURUSD spreads in Pepperstone is 0.6 pips, the lowest compared to Vantage, XM, Forex.com, and Avatrade. The spread comparison chart below suggests the broker has been relatively steady in offering competitive pricing of EURUSD.
Pepperstone offers the best GBPUSD spread compared to its competitors. The average GBPUSD spread in Pepperstone is 0.88 pips. Whereas its closest competitor, Vantage, offers 1.5 pips on average.
Similarly to EURUSD and GBPUSD, Pepperstone also offers a competitive spread for Gold. The average spread of Gold in Pepperstone is 0.8 pips which rank # 1 compared to the fixed 1.1 spread on Gold by AvaTrade.
Pepperstone has friendly, multi-lingual and professional customer support. The average response time is low, and the broker offers support through various channels (email/live chat/phone/social media).
Pepperstone’s strength lies in its excellent no-dealing desk execution, a wide range of trading platforms and quality customer support. Active traders should opt for the Razor account to get the lowest spreads possible. However, even the spreads on the Standard account are highly competitive in comparison to other leading brokers.