- Min Deposit $100 or equivalent
- 2,000+ Tradable Assets
- Max Leverage: 30:1 , 300:1 professional clients
- Official Partner Atlético de Madrid
Pepperstone is a broker specialising in Forex, currency index, cryptocurrencies, index, share and commodities CFDs. It was founded in 2010 by Owen Kerr and Joe Davenport and it’s based in Melbourne. It boasts 57,000 customers, 170 employees and a daily trade average of $12.55bn.
When you trade with Pepperstone, you’ll find variable spreads on their MetaTrader 4 and MetaTrader 5 platforms, with prices coming from a number of sources to give you access to the best one. You can see an example of min and avg spreads below:
|Currency pair||Razor minimum spread||Razor average spread||Standard minimum spread||Standard average spread|
When you hold positions overnight in Forex, Pepperstone will charge you a swap rate. The rates are calculated by financial institutions that Pepperstone works with, based on market conditions and risk management analysis. Each currency pair has its own rate, measured on a standard size of 1.0 lots. You can see an example below:
|Currency pair||One point||Exchange rate||Trade size||Long swap rate||Short swap rate|
|EURUSD||0.00001||1.1290||1 lot (€100,000)||-11.49||+7.02|
Swap value debited is €-10.18 and, if you were short one contract of EURUSD, you’d receive €6.22 daily.
(0.00001/1.1290) * (100,000 *-11.49) = €-10.18
cTrader account commissions are 0.0035% of the base currency that you’re trading. E.g. if you trade 100,000 EUR/USD, you will pay €3.50 to open the contract and another €3.50 to close it.
Pepperstone charges a fee for positions in equity CFDs, Share CFDs or Commodities that are held open overnight. This fee is daily, it applies to weekends as well and it’s estimated by adding or subtracting 2.5% on top of the benchmark regional interest rates for the underlying product.
|Account Fee||Deposit Fee||Withdrawal Fee||Inactivity Fee|
|$0||$0||$20 for international bank transfer||$0|
When you open an account with Pepperstone, you can choose between 4 currencies: GBP, EUR, USD and CHF. However, once the account is created, you can no longer change the base currency and, if you need to trade in a different currency, you’ll need to open a second live account.
|Credit/Debit card||Visa & Mastercard||Visa & Mastercard|
You can easily open a Pepperstone account online. All you need is an email address or, alternatively, you can use your Facebook or Google account. Then you get two options: you can either try out the platform using play money with a 30-day demo account or you can start trading directly with either a standard or a razor account.
|Institutional grade spreads||Yes||Yes|
|Average EURUSD spread||0.0 – 0.3 pips||1.0 – 1.3 pips|
|Commission||From GBP4.59 round turn 100k traded||$0|
|Rollover swaps||Refer to your trading platform for market rates||Refer to your trading platform for market rates|
|Best for||Scalpers and algorithmic traders||New traders|
The Pepperstone platform is multilingual with 6 languages: English, French, Spanish, Polish, German and Italian.back to menu ↑
Pepperstone uses 3rd party services allowing you to copy successful traders. It also offers MetaTrader signals, giving you access to real-time strategies and signals from successful traders.back to menu ↑
Pepperstone offers efficient customer service but it’s on weekdays only. You can reach them via live chat and a toll-free phone number.back to menu ↑
|Financial Conduct Authority (FCA)||684312||Pepperstone Limited|
|Australian Securities and Investments Commission (ASIC)||414530||Pepperstone Group Limited|
|Dubai Financial Services Authority (DFSA)||N/A||Pepperstone Financial Services|
Is Pepperstone safe?