Pepperstone is one of the popular forex and CFD brokers globally that started its operations in 2010. Although it has its headquarters office in Australia, its services go beyond borders, gaining the trust of thousands of traders globally. You will access over 800 CFD instruments on shares, commodities, indices, crypto and ETFs. Forex trading is also available at low fees.
- Free transactions.
- No inactivity charges.
- Fast order execution speed.
- Responsive customer service on phone, email, and live chat.
- Excellent learning resources.
- Basic research tools, which can limit advanced traders’ analysis.
- You can only trade forex and CFDs.
Pepperstone – Who Are They?
Pepperstone is an excellent broker that both beginners and advanced traders can benefit from. It is regulated by the 7 most respected authorities globally, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investment Commission (ASIC).
Pepperstone’s account opening process is straightforward. The MetaTrader platforms are also available at this broker should you wish to experience advanced and automated trading. In addition, you can also socialise with other traders through its social platform and copy the positions that have more potential of making profits.
The trading charges at Pepperstone are low, even though you will have to make a higher minimum deposit of $200. In addition, non-trading costs like inactivity and transaction fees are not applicable, making Pepperstone a low-cost broker. So, if you are a frequent trader or one with budget concerns, you need to try this broker.
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Our Opinion About Pepperstone
From our review and test on Pepperstone, we think it's an excellent choice for any trader willing to trade forex and CFDs. It boasts of having top-notch learning materials to help make you more skilful. This includes a demo account that is loaded with $50,000 virtual funds for testing how it works before venturing into the real markets.
We also liked the MT4 and MT5 platforms availability on Pepperstone. Additionally, the MT4 offers a great mobile trading platform, which you can enjoy by installing Pepperstone’s app on your mobile device. However, note that the mobile app doesn't have a two-factor authentication login for added security.
Other excellent features that we were impressed about are:
- The Myfxbook which allows traders to copy trades that have more profit potential.
- MetaTrader signals that let you access various trading strategies and signals.
- DupliTrade for investment diversification, although you will have to deposit $5,000 to access the platform.
We can also admit that this broker has reliable customer support. Although it only operates during weekdays, they provide relevant answers to your questions or concerns. Pepperstone’s customer support can be contacted through phone, email, and live chat during its operating days.
All in all, Pepperstone remains one of the best forex and CFD brokers globally, so give it a try using its demo account and discover what you have been missing.