Pepperstone Reviews Read Customer Service Reviews of pepperstone com 10 of 91

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Description

The Pepperstone minimum deposit throughout their account types remains at 200 EUR/USD/GBP, or AUD depending on the region you are based in. Once your Standard account is open, you can look forward to trading in more than 100 CFDs and more, across all the top trading platforms with MT4, MT5, and cTrader all available. The deposit remains reasonable too at $200 and is another excellent starting point for new traders. Pepperstone is an STP/ECN broker, well-known for its efficient execution that minimizes slippage, and very low and competitive spreads. In particular their Razor account is regarded as a great choice both for scalpers and new traders alike, though the asset selection is somewhat limited.

  1. Duplitrade is a quality copytrading platform, which allows you to copy the most expert traders while slowly gaining knowledge and understanding of the financial markets.
  2. While the demo trial lasts for 30 days, once traders have a live account, the demo can be re-requested.
  3. We checked their Linkedin company profile, and it shows they have more than 400 employees.
  4. Trading with Pepperstone, you may also be interested to know about some additional products and programs that the broker makes available.
  5. The MetaTrader 4 (MT4) platform’s interface makes it a popular choice among traders of all skill levels.
  6. Pepperstone’s market analysis and insights are on par with industry standards and serve to connect traders to the market and supplement its educational resources.

Though there are extra offerings of the “thematic” indices, which include various stock sector indices, the VIX volatility index, plus three cryptocurrency indices. 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. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. Pepperstone offers traders a wealth of data in the “Active Market Panel” that opens on the right side of the cTrader interface.

Key Pepperstone Takeaways

The minimum deposit remains the same at $200 while all the trading platforms are still available. The only change is that in order to replace the swap fees, Pepperstone will add a small fee, though this only applies to positions held open more than 10 days. Overall, a top value, and popular Islamic account from Pepperstone. The best place to start and get to know any broker is with a demo account. Thankfully Pepperstone recognizes this and offers a great demo account to start.

Pepperstone FAQs

It seems like they are not too keen on anyone trying to recover their lost money. I can’t believe an supposed reputable company that is FCA regulated is allowed to get away with this kind of behaviour. I did not break any of their rules and my account was well above the minimum requirement. It seems like they operate like the worst kind of mob owned casino, happy to have you when you are losing, but as soon as you start to win they throw you out.

I have trading with this broker for 5yrs

I’m also getting calls time to time just to ask if I have any struggles or questions.All the best to pepperstone stuff. If you were solicited by a phone call from a broker offering to manage your money, you can be sure that they are a scam. Using an FCA licensed broker in the United Kingdom means, that your money is insured up to £85,000 by the Financial Services Compensation Scheme Protection.

The technical analysis charts can be expanded to full screen and come with more than 70 technical indicators that you can apply over many different time frames, from tick charts to monthly charts. For example, the broker advertises that the average spread for EUR/USD on Razor is 0.13 pips and a commission will be added on to that. The average spread for the Standard account is 1.13 pips, all in. The average spread cost with an MT5 Razor account for a completed (buy & sell) €100,000 trade, where the base currency is euro, would be 0.13 pips + €5.23 commission.

Deposit Fees

This is the currency that  you can trade in, and one that, when deposited, you will not have to pay any conversion fee on. Here is a list of the areas where they do not accept clients from. Overall, there are not many better choices of brokers if you are scalping than Pepperstone. This is backed not only by our team at Investingoal, but also through the widespread popularity of Pepperstone with scalpers. Besides these features, you will also find that Pepperstone provides great support for a range of trading techniques including algo-trading, hedging, and scalping.

Pepperstone clients pay to hold a position on equity CFDs, commodities, and share CFDs open overnight. This fee was made up of the standard regional interest rates for the underlying product, plus or minus the broker’s fixed charge of 2.5%. You can calculate margin using the current market quote of the base currency vs USD, the volume requested, and the leverage level you have selected when opening your account. pepperstone reviews This section explains the deposit and withdrawals requirements and process to trade with Pepperstone. When you click on the red “Open live account” button on the Pepperstone website, the broker asks you to enter your name, email address, and select a password. Previously, Pepperstone only offered the US Dollar Index, the most traded currency index, and perceived as a benchmark for the value of the USD.

With the razor account, you can have relatively low spreads, and trade execution is almost instant (I am not a scalper though, so I cannot judge from that perspective). Reaching customer support was never a problem so far, the chat support works fine, Constantinos was very helpful.I recommend this broker, I had a great experience with them so far. If you are based in the UK or Ireland, you will be pleased to note that Pepperstone has launched a spread betting account in 2021. This is available to UK and Ireland based traders and there are a wealth of spread betting options on more than 180 instruments to choose from. The minimum deposit here is £200, with great value spreads from 0 pips and trading through any of the available platforms. Pepperstone was my first broker when I started trading years ago and now I have a professional account there.

The offering includes a great selection of forex trading tutorials and courses, as well as many guides on trading, MT4, and general trading techniques and analysis. The Pepperstone Premium Client Service first off is only available to those traders who are trading under the Australian arm of the broker. This service operates with some similar benefits that may be available to European professional traders as this option is not available in Australia. For their desktop platform selection, Pepperstone includes MetaTrader 4, MetaTrader 5, and cTrader, which are also available via Web. These are some of the best known and most respected in the industry. The broker does not have their own proprietary trading platform.

Traders can use MetaTrader Trading Signals, myFXbook 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. 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. Being FCA-regulated lends credibility to the firm, but the inconsistency of offering negative balance protection while lacking guaranteed stop losses is a bit disconcerting.

Again, as with the trading platform the breadth of apps on offer is a positive, but once more as with the trading platform we would prefer to see Pepperstone offering their own mobile trading app. Razor accounts, however, have far narrower spreads, with an average EUR/USD spread of between 0.0 and 0.17 pips. This type of account would be ideal for algorithmic traders and scalpers, and it is designed it for these types of accounts in mind. Commissions start at GBP £4.50 round turns for every 100,000 traded (1 lot). Razor accounts have institutional grade spreads without markups and average EUR/USD spreads between 0.0 and 0.3 pips.

Pepperstone offers Smart Trader Tools for these platforms, which includes access to 28 expert advisors (EAs) and indicators. Autochartist an automated technical analysis plug in is also available for identifying potential trades. The trading platforms utilize automatic stop-out systems to eliminate negative balances, but the website admits that “losses may exceed your deposit amount” in volatile market conditions. Pepperstone offers negative balance protection, which is mandated under ESMA rules that went into effect in 2018, for its U.K./E.U. Clients do not receive negative balance protection, and no stop loss is guaranteed. The broker does have two-factor authentication (2FA) but does not offer bio-metric authentication for its mobile application.