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Pepperstone review and ratings

Established 2010
Location Australia UK
Regulation ASIC, FCA
Offices London, Melbourne
Broker type STP | ECN
Leverage up to 1:500
Deposit from 200 AUD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5 cTrader
Instruments Currencies Crypto Indices Metals Energies Softs
Funding methods Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay Qiwi Bpay POLi

Company information

Pepperstone group includes 2 related companies.

Pepperstone AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
Pepperstone UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).

Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, AU company accepts European traders, so one can open a trading account there.

Availability

Pepperstone group accepts clients from all over the world, excluding USA, Canada, Japan, Iran, Iraq, Yemen, Zimbabwe and some other jurisdictions with restrictions.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
5 Crypto CFDs Based on Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin.
14 Indice Cash CFDs Based on baskets of different blue-chip stocks.
1 Indice Future Based on US Dollar Index.
4 Metal Spot CFDs Based on Gold, Silver, Platinum and Copper.
1 Metal Future Based on Copper.
3 Energy Spot CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
5 Soft Futures Based on Cocoa, Coffee, Cotton, Sugar, Orange Juice.

Comprehensive review

Pepperstone is a renowned forex & CFD broker headquartered in Australia, and with an additional office in London, United Kingdom. The broker has been around since 2010, and is popular among many online traders as it is seen as a reliable player in the space that gives access to high trading leverage and a fairly wide range of assets to trade.

In recognition of its work, Pepperstone has won a number of industry awards over the years. This includes the “Best Forex ECN Broker” and “Best Forex Trading Conditions” for 2018 by the UK Forex Awards. Notably, the company also won the “Growth Company of the Year Award” in Australia in 2012, shortly after it was established.

Pepperstone is regulated both by the Australian Securities and Investments Commission (ASIC) and by the UK’s Financial Conduct Authority (FCA), which in turn is subject to oversight by the European Securities and Markets Authority (ESMA). As a result of the ESMA’s influence over the UK-registered entity, trading leverage here is limited to only 1:30 for major FX pairs. With the Australian-based entity, however, leverage is capped at the usual Australian level of 1:500.

The broker offers trading in both a range of forex pairs, as well a CFDs based on everything from stock indices to cryptocurrencies and various commodities. All trading instruments are available across the different account types that Pepperstone offers.

In terms of cryptocurrencies, Pepperstone offers traders the chance to trade CFDs based on Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dash (DASH), and Litecoin (LTC), which constitutes a wider selection of crypto than most of its competitors.

When it comes to trading accounts, Pepperstone offers three distinct options for their clients. Which account type is the best depends on the trader’s own trading style, and whether he or she prefers to pay for trading in terms of spreads or commissions.

The three trading accounts are:

As far as trading platforms go, Pepperstone is one of the brokers that offer the popular cTrader platform to its clients, in addition to the classic trading platforms MT4 and MT5. With cTrader, traders get access to lighting-fast order execution and a highly reliable platform which is popular among both hobby traders and professionals alike.

A nice additional benefit with trading with Peppersone is the daily trading ideas that their analysts publishes on the website. All trading ideas are based on chart analysis of popular trading instruments offered by the broker, which also serves as an excellent opportunity for new traders to learn about trading and technical analysis.

Lastly, Peppersone’s customer support is available via live chat and phone with Australian and UK local numbers 24 hours a day on all days the forex market is open. However, the broker does have an extensive FAQ section on its website which should cover most issues that could be experienced during sign-up and trading with Pepperstone.

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