PepperstoneAs part of our series of broker reviews, we took a closer look at multi-asset broker Pepperstone and its trading platform, tools, fees, spread, markets, leverage, and security – to help prospective traders decide if Pepperstone is the right broker for them.

To start off our unbiased review of Pepperstone below is a summary of its advantages and disadvantages:

Pepperstone Review: Pros & Cons

FCA regulated in the UK
Integrates with many trading platforms
Lightning-fast execution
Low spreads starting from only 0.0 pips
4.7/5 TrustPilot rating – 1,679 reviews

US traders not accepted

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81.18% of retail investor accounts lose money when trading CFDs with this provider.

Tradable assets
Pepperstone offers 1200+ instruments across forex, index CFDs, commodities, cryptocurrencies, shares, and currency indices – with a variety of educational materials for beginners to learn to trade as well as market analysis reports for traders of all experience levels.

Pepperstone trading platform
Forex
FX traders have access to up to 200:1 leverage and can trade forex majors (such as EUR/USD), minors and exotics with low spread – Pepperstone’s Razor account has a 0.0 pips spread and low commissions.

Index CFDs
Trading is supported on the price movement of fourteen major international stock markets with zero commission and leverage of up to 200:1.

Commodities
Pepperstone also offer access to a wide range of commodities trading, also with leverage of up to 200:1. Trade commodity futures including Gold, Silver, Crude Oil, Natural Gas, cocoa, coffee, cotton, orange juice, and sugar with the option to trade on USDX. See our guide to trading commodities.

Crypto
Pepperstone users can buy and sell CFDs (contracts for difference, i.e. margin trading) on five major crypto assets including Bitcoin with leverage up to 20:1 without the need for a crypto wallet or the use of an external crypto exchange.

Shares
In terms of stocks and shares, Pepperstone traders can trade anything from meme stocks to blue chip companies and household brands – across 23 equity index markets on up to 20:1 leverage.

Currency Indices
The most traded currency index is the USDX and Pepperstone traders can trade that as a CFD with a leverage of up to 100:1.

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81.18% of retail investor accounts lose money when trading CFDs with this provider.

Pepperstone Fees & Commissions
Pepperstone commissions are zero for Razor accounts except for CFD trading on Forex and Shares. For MT5 and MT4 users, micro lots are rounded down or up.

Pepperstone Trading Fees
Visit the Pepperstone website for a full trading fee breakdown for each market and the average spread. Below is the minimum spread depending on account level:

Cryptocurrency    Stocks    Indices    Forex    Commodities
Fee Type    Spread    Spread    Spread    Spread    Spread
Example    Bitcoin – 17+    Facebook – 0 + market spread    US 500 Index, 0.4+    GBPUSD – 0+    Spot Gold ($) – 0.05+
Pepperstone Non-Trading Fees
Pepperstone charges a small swap rate – a rollover interest rate (earned or paid) for holding positions overnight and funding the position.

Fee Type    Fee Amount
Inactivity Fee    None
Deposit Fee    None
Withdrawal Fee    Only international telegraphic transfer (TT) fees

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81.18% of retail investor accounts lose money when trading CFDs with this provider.

Pepperstone Platforms
Pepperstone’s supported trading platforms include:

TradingView
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Pepperstone platform
Is Pepperstone User-Friendly?
Pepperstone’s trading platforms are integrated seamlessly with their WebTrader, and advertised as reliable with fast execution – as well as being compatible with Windows and Mac OS for desktop, iOS and Android for mobile devices and tablets.

That description matches user reviews and testimonials on Trustpilot where Pepperstone has an excellent rating.

Pepperstone Social Trading
Pepperstone’s social trading partners include:

DupliTrade
MetaTrader Signals
Myfxbook
Pepperstone Charting and Analysis
Pepperstone offers trading tools including Autochartist and Smart Trader for MT4 and MT5.

Pepperstone trading tools
Combined together they offer hundreds of technical indicators for technical analysis (TA) and market predictions in the short term.

See our guide on how to day trade for more useful tools.

Pepperstone Account Types
Pepperstone offer both a standard retail account and a premium client service – which high volume retail traders can also apply and qualify for.

Premium clients receive:

Access to ATP premium discounts
Advanced market insights
Priority client support
Pepperstone Pros also receive invitations to premium events, more advanced trading tools and VPS solutions, and their own account manager.

The requirement to qualify is on the high side – $15 million in notional monthly volume, either in forex, commodities or shares trading.

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81.18% of retail investor accounts lose money when trading CFDs with this provider.

Pepperstone Payment Methods
Pepperstone supports the following deposit and withdrawal methods:

Pepperstone Minimum Deposit
Pepperstone doesn’t state any set minimum deposit in its FAQ section or terms but recommends depositing at least AUD $200 or equivalent in other currencies.

Pepperstone Withdrawal Times
Pepperstone’s website states that:

‘Withdrawal forms received after 21:00 (GMT) will be processed the following day. If these are received before 07:00 (AEST) they’ll be processed on the same day. Funds can only be returned to a bank account in the same name (or joint) as your Pepperstone trading account due to third-party transaction regulations.’

Withdrawals made by bank transfer can take longer, approximately 3-5 business days unless there are unforeseen circumstances during which withdrawal times may be longer, such as support requesting additional verification documents for anti-money-laundering (AML) regulations.

Pepperstone Demo Account
To paper trade risk-free for practice Pepperstone offers a demo account. Traders opening a virtual account will be able to trade the normal markets with virtual funds before proceeding to trade with a live trading account.

Pepperstone support
Pepperstone Customer Support
Pepperstone offers both WhatsApp and live chat support 24/5 on business days.

Pepperstone Licensing & Security
Pepperstone Markets Limited is a fully licensed company, regulated by The Securities Commission of The Bahamas.

Find the company registration number in the website footer – 177174 B | SIA-F217.

Pepperstone Accepted Countries
Pepperstone is open to the following countries. Also listed are Pepperstone’s restricted countries:

Accepted Countries    Restricted
Australia    Canada
China    Japan
Germany    United States
Hong Kong    
India    
Ireland    
Malaysia    
Netherlands    
Singapore    
South Africa    
United Arab Emirates    
United Kingdom    
How to Start Trading with Pepperstone
Follow the steps below to get started using Pepperstone to trade:

Step 1: Create an Account
To create an account with Pepperstone visit the Pepperstone website and go through the registration process. It takes just a couple of minutes and requires only basic details like a name and email address.

Pepperstone sign up
Alternatively, log in as an individual using a Facebook or Google Plus account.

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81.18% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Verify Account
Submit one of the following forms of government ID:

Driver’s license
National ID card
Passport
Also include proof of address, which can take the form of:

A utility bill
A bank or credit card statement
A council tax bill or rates bill
Tax statement
Driver’s licence (with photo) showing address and expiry date
Another government or financial institution-issued document
Step 3: Deposit Funds & Trade
Make a first deposit using one of the standard payment methods listed earlier in our Pepperstone review.

Pepperstone instruments
Choose an asset from the homepage or navigation menu and click ‘Trade’ or browse the latest market reports and financial news for trading tips and potentially profitable setups.

Conclusion
Since its founding in 2010 in Melbourne, Australia by a team of experienced traders committed to improve online trading, Pepperstone seems to have achieved that – virtually all its online reviews are positive and it has built up a good reputation in online trading circles.

The only drawback is US traders not being accepted however that is common in the industry. Learn more about Pepperstone at their official website pepperstone.com which caters to beginner, intermediate and advanced traders, offering all the tools and educational content they need to proceed, even video podcasts.

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