An organic search of reviews for the brokerage, Pepperstone, rendered high opinions and a good industry reputation. Investopedia, an authority on all financial and economics-related subjects had rated it as one of the best Forex brokers in the industry for trading experience.
The review and Financial Education site is not alone in saying that Pepperstone is a noteworthy firm. A majority of the members of the online trading industry agree that the firm offers highly-competitive Forex spreads despite not being able to offer stop loss orders.
Given its positive image, this broker review could easily recommend that the reader enlist Pepperstone’s services. As this is the case, this brokerage review is produced to walk interested parts through the offers and services available to Pepperstone’s clients.
This brokerage review is a result of months spent with Pepperstone. The review team had performed an exhaustive review of the firm’s offers and services. The following facets had been looked into closely:
- The regulatory bodies that sanction all of Pepperstone’s trading activities
- The trading instruments that Pepperstone clients are given access to
- The trading accounts available through the firm
- The trading platforms that Pepperstone offers its clients
- The fees that the clients are charged with
It is to the hope of the review team that this literature would be able to assist its readers toward making an informed decision on whether they would be signing up for the services of the brokerage or not.
Pepperstone was established back in 2010 and specializes in Forex trading and other assets.
The firm undergoes regulation within the United Kingdom and is registered with the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
As with a number of Forex brokerage companies, Pepperstone does not allow United States-based traders to enlist with their services.
Pepperstone was built for the traders who choose to deal with low-cost offerings, multiple choices of trading platforms, and account types.
Offers and Services
Accessible Trading Instruments
As already mentioned, the brokerage firm specializes in trading Forex currency pairs. But apart from this, the firm also provides access to the Commodities, Indices, Metals, Shares, and Cryptocurrencies markets with more than 180 trading instruments available.
With Forex, traders are given the capability of trading major, minor, and exotic currency pairs. The leverage offered is up to 500:1 and is highly-flexible.
A total of 14 major stocks from the international market can be accessed through the broker’s trading services. Clients need not deal with a desk and are free from commissions. The leverage here is up 200:1.
A total of 60 top-listed companies within the United States are accessed by the firm. As of writing, the market caps for these are at $30 Trillion. Leverage is pegged at 20:1.
Goods such as coffee, cocoa, and sugar and precious metals like gold, silver, and platinum are just a few of the commodities that Pepperstone gives its clients access to.
Currency Index CFDs
Pepperstone allows for the value of a currency be traded against a basket of other currencies. The firm also offers USDX, a globally-known benchmark for the U.S. Dollar
Available Trading Accounts and Fees Charged
The review team sees the costs that Pepperstone implements to be competitive when placed beside other brokerages within the industry.
Clients are given the option to trade through either the Standard Account or the Razor Account.
The Standard Account has minimum Forex spreads starting from 1 pip, but without any commissions. The Razor Account on the other hand starts from the minimum Forex spreads of 0 pips with commission.
The broker promotes an average spread of 0.13 pips for the EUR/USD currency pair. For the standard account, the average spread is at 1.13 pips. For a complete €100,000 trade, a total of 0.13 pips are provided. This comes with a €5.23 commission.
The minimum amount required to open an account is at 200 units of the base currency. The account can be funded through Visa, MasterCard, POLi, Bank Transfer, BPay, PayPal, Skrill, Neteller, and Union Pay.
Swap Fees are also charged based on the positions that are held overnight.
Trade with Pepperstone Today!
With known financial authorities regulating all of Pepperstone’s trading activities and a number of lucrative offers provided to its clients, choosing to trade with the firm would be a wise move.
The firm lays the foundation for good trading conditions and the building of impressive investment portfolios. This review is one with the trading community in saying that Pepperstone is one noteworthy brokerage that traders can rely on.