Detailed Forex Broker Review:
Pepperstone is one of the fastest growing brokers in Australia. The company was established in 2010 with headquarters in Melbourne (Australia). Despite its remoteness from Europe, the CIS, and Asia, the broker actively cooperates with traders and investors from all over the world. The main specialization of the company is providing access to trading in financial instruments, including currency pairs, precious metals, shares of companies, and commodity assets. Also, Pepperstone does not lag behind the trends – the company offers cryptocurrency assets for free trading.
General information about Pepperstone:
- Regulator availability – AFSL (license number 414530);
- The minimum deposit is $ 200;
- The minimum lot size is 0.01;
- Deposit/withdrawal of deposit – Visa, MasterCard, as well as e-wallets;
- Trading platforms for trading – cTrader, Metatrader.
The broker has a valid license from the Australian Financial Service. This implies the full responsibility of the company for the safety of customer deposits. Financial monitoring from the regulator ensures the stability of a high rate of payments.
Pepperstone Broker Benefits
Users highlight the following company benefits:
- Access to customer support is provided around the clock via online chat;
- ECN-accounts, which excludes the intervention of a broker in the formation of quotations;
- Spreads even on popular assets range from 0 points;
- Several trading terminals to choose from;
- Over 120 financial instruments for trading.
Broker offices are located in the USA, Australia, and China. The site is multilingual.
Pepperstone Trading Platform Comparison
Many users interested in the topic of trading are familiar with the Metatrader terminal. But the broker also offers a high-quality alternative – cTrader. The difference of this platform is that quotes are presented there from independent liquidity providers. Moreover, there are no restrictions on the use of analysis tools. Charts, graphical elements, indicators – all this is available to every user.
Additionally, you can connect trading automation services.
Sections with training
Traditionally, on the broker’s site, you can get some useful information about trading. But for Pepperstone, this section doesn’t have much user value. From learning, only some articles and financial terms are available. But for the client of the company, the economic calendar can have special value. Here it is developed individually for the needs of the company’s customers. Data updates happen online. Access is, of course, free.
Another important supporting tool is Autochartist service. This service provides financial market forecasts based on numerous analysis options. The system includes hundreds of parameters and provides a detailed report on the upcoming price movement of assets. Connecting this service to your account with Pepperstone broker is also free of charge, but you can also use the paid services of Autochartist (for more details, see the relevant section).
A very important parameter for evaluating the performance of a broker is honesty in payments. It is often possible to come across situations where companies find all sorts of reasons for not paying a deposit. But the situation with Pepperstone is different. The company processes applications on the day they are processed by the user. In the reviews, users write that delays are seldom.
But the withdrawal of funds from the account is carried out only on the details from which there was a deposit. This makes all financial transactions transparent and fair. Please note that direct bank transfer is subject to a fee by a financial institution (not a broker) of up to A $ 20. This is indicated in the section with the user agreement.
When registering on the company website, you can open any of the following types of accounts:
- Swap Free;
- Active Traders.
The first and second types of accounts differ in trading conditions. For example, Razor has a commission for depositing and withdrawing funds. But the spreads are minimal. But the standard account has no commissions, but an additional spread is added to it. What is more, there are available accounts for members of the Muslim religion (no swaps). Active Trader is an account for large corporate clients with a total deposit of several tens and hundreds of thousands of dollars.