Pepperstone
Min $200
- Min Deposit $200
- Max Leverage: 30:1, 500:1 professional clients
- Forex, Cryptocurrencies, Stocks, Commodities & Indices
- Credit/Debit card, Bank transfer, Electronic wallets
- Web Trader, Mobile App, Desktop Trader, MetaTrader 5, MetaTrader 4, cTrader
- Regulated by FCA, ASIC, DFSA
- 6 Languages Supported
- GBP, USD, EUR, CHF account base currency
- 180+ Tradable Assets
- High swap rates and overnight charges
- No 24/7 support
Pepperstone Review
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.
Pepperstone Fees Review
- Low trading fees
- Low Forex fees
- No inactivity fee
- High swap rates and overnight charges
Spreads
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 |
|---|---|---|---|---|
| EURUSD | 0 | 0.16 | 1 | 1.16 |
| GBPUSD | 0 | 0.40 | 1 | 1.40 |
| AUDUSD | 0 | 0.27 | 1 | 1.27 |
Swap Rates
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
Commissions
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.
Overnight Charges
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.
Non-trading Fees
| Account Fee | Deposit Fee | Withdrawal Fee | Inactivity Fee |
|---|---|---|---|
| $0 | $0 | $20 for international bank transfer | $0 |
Pepperstone Deposits & Withdrawals Review
- Min deposit $200
- Credit/Debit card, Bank transfer, Electronic wallets
- Account base currency: GBP, USD, EUR, CHF
- $20 withdrawal fee for international bank transfers
Account Base Currency
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.
Deposit & Withdrawal Options
| Deposits | Withdrawals | |
|---|---|---|
| Credit/Debit card | Visa & Mastercard | Visa & Mastercard |
| Bank transfer | Yes | Yes |
| Electronic wallets | Yes | Yes |
How long will it take for my deposit to show on Pepperstone?
When will I have access to my money if I withdraw from Pepperstone?
What is Pepperstone minimum deposit?
Can I withdraw any amount?
Does Pepperstone charge withdrawal fees?
Are there any terms on where I direct any funds I withdraw?
Make your First Deposit with Pepperstone
back to menu ↑Pepperstone Account Types Review
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.
| Razor | Standard | |
|---|---|---|
| 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 |
Platform Languages
The Pepperstone platform is multilingual with 6 languages: English, French, Spanish, Polish, German and Italian.
Open a Trading Account with Pepperstone
back to menu ↑Pepperstone Platforms & Assets Review
- Forex, Cryptocurrencies, Stocks, Commodities & Indices
- Web Trader, Mobile App, MetaTrader 5, MetaTrader 4, cTrader
- 180+ tradable assets
When you choose Pepperstone, you will have access to 3 free online platforms that run via WebTrader and mobile apps. These are MetaTrader 4, the more powerful MetaTrader 5 and the user-friendly cTrader.
Social Trading
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.
Start CFD Trading with Pepperstone
back to menu ↑Pepperstone Customer Service Review
- Phone, email, live chat
- Fast response time
- No 24/7 support
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 ↑Is Pepperstone safe?
| Regulator | License | Legal Entity |
|---|---|---|
| Financial Conduct Authority (FCA) | 684312 | Pepperstone Limited |
| Cyprus Securities and Exchange Commission (CySEC) | 388/20 | Pepperstone EU Limited |
| Australian Securities and Investments Commission (ASIC) | 414530 | Pepperstone Group Limited |
| Dubai Financial Services Authority (DFSA) | F004356 | Pepperstone Financial Services |
| Federal Financial Supervisory Authority (BaFin) | 151148 | Pepperstone GmbH |
| Securities Commission of The Bahamas (SCB) | SIA-F217 | Pepperstone Markets Limited |
| Capital Markets Authority (CMA) | No.128 | Pepperstone Markets Kenya Limited |
Is Pepperstone safe?
- Yes, it is authorised and regulated by the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC), the Dubai Financial Services Authority (DFSA), the Federal Financial Supervisory Authority (BaFin), the Securities Commission of The Bahamas (SCB) and the Capital Markets Authority (CMA).
Is there negative balance protection on Pepperstone?
- Pepperstone includes a stop-out feature to minimise your losses before the market moves further against your open contracts.
Specification: Pepperstone
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Videos: Pepperstone
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