Pepperstone

Pepperstone is one of the world’s largest trading brokers and is praised for its excellent customer service and wide range of third-party platforms. The research offering better than industry standard, but one minor negative is the relatively lower number of tradeable products compared to other brokers. Pepperstone was founded in 2010 in Melbourne, Australia and is not a publicly listed company.

But is Pepperstone the correct broker for you? In our Pepperstone review, we will look at regulation, account types and fees, trading platforms on offer, plus much more.

Pepperstone Review Navigation

• Trust and Regulation
• Offering of Tradeable Products
• Platforms
• Fees/Commissions
• Trading Platform
• Mobile Offering
• Education
• Research
• Customer Support
• Overview

#1 Forex

with most brokers, Pepperstone offers a wide variety of Forex pairs, including majors, minors, and emerging markets. Pepperstone gives investors access to 61 currency pairs and also 3 currency index CFDs. This offering of currency indices is notable, as although many brokers offer a US Dollar Index, there are few that offer a Euro Index and Japanese Yen Index.

With the Razor account (see below), the spread can be as narrow as 0.0 pips on Forex markets, although there is a commission to pay of 0.35 pips.

#2 CFD

You can trade CFDs on stock averages (indices), individual shares, Forex pairs and Forex indices (as outlined above), cryptocurrencies (as outlined below) and CFDs on commodities with Pepperstone.

For the major stock markets there are 14 global index CFDs on from around the world. In addition, there are also “thematic” indices, including the VIX volatility index, various sector indices and also three cryptocurrency indices.

In the commodities space Pepperstone gives clients a fairly wide offering. In the precious and base metals space, there is the ability to trade gold against five different currencies, which is a generous offering. Also, there is silver priced in US Dollars and Euros, plus platinum, palladium and copper. On the agricultural/ softs side there are eight commodities to choose from, and also three energy commodities (two oil, one gas). The leverage is up to 30:1.

#3 Stocks

Although Pepperstone do not offer direct investment into stocks, they do offer individual share CFDs. Alongside the aforementioned 14 global share index CFDs and also the various sector averages, Pepperstone also offers access to trade or invest in 64 share CFDs from US markets only. Leverage for these share CFDs is at 5:1.

Furthermore, Pepperstone is amongst a handful of brokers that allow clients to trade these individual US equities in extended market hours. This can be extremely useful for traders to take positions early or reduce risk.

#4 Social Trading

Pepperstone has partnered with numerous third-party services to offer the social and copy approaches to trading. Traders can use MetaTrader Trading Signals, ZuluTrade, RoboX, MirrorTrader and DupliTrade with Pepperstone. This allows for seamless social trading that allows you to copy the trading strategies and signals of successful traders in real time.

#5 Crypto

Pepperstone offers only five cryptocurrency CFDs; Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin. Leverage is up to 5:1, and is should be noted that these investments are in the form of CFDs, not direct investment in the actual cryptocurrency itself. There are also three cryptocurrency indices that are on offer to trade.

#6 Spread Betting

Spread betting is available through Pepperstone to traders who are residents of the UK and Ireland. The spread betting accounts are very similar to the CFD accounts, but with no stamp duty or capital gains tax payable.

Trust and Regulation

Pepperstone is regulated and licensed by two high tier regulators, the Financial Conduct Authority (FCA) in the United Kingdom and the Australian Securities and Investment Commission (ASIC) in Australia. In addition, they are also regulated by the Dubai Financial Services Authority (DFSA) and by two other lower tier regulatory bodies.

These regulators require Pepperstone to follow strict capital requirements, fully segregate traders’ accounts from company funds, comply with ‘know your client’ procedures and adhere to strict anti-money laundering requirements, as well as a plethora of other stringent measures designed to protect traders.

Overall, Pepperstone should be considered a safe and secure broker for spread betting, CFDs and Forex trading.

Offering of Tradeable Products