Pepperstone was organized in 2010 by Australian traders to make trading easier. The organization is regulated in the U.K and its motive is to deliver good customer support, high-tech features, and low-cost spreads. Check out my review to conclude if pepperstone is truly worth the appreciation it gets.
Pepperstone is factored as the Best Forex Broker for trading experience in 2020. The company is registered with the Financial Conduct Authority and the Australian Securities and Investment Commission. The minimum deposit to open an account is 200 units of the base currency.
The company provides clients with some of the best technologies and favorable trading conditions. Pepperstone provides professional tools that increase the efficiency of trades. Clients' investments are held in aggregated accounts with major banks that ensure the reliability of the company and assure the security of the client's capital.
Trading experience
Pepperstone offers a wide range of platforms for investments. Customers are allowed to choose between MetaTrader (MT) ⅘ and cTrader, a higher-end system with direct liquidity provider pricing and developed technical characteristics that include detachable charts, backtesting, and algorithm strategy support.
Pepperstone's trading platform is easily accessible from any browser(Chrome, Forex, Internet Explorer, or Safari). This platform has an easy-to-use interface and provides an updated look, one-click trading, and full integration across desktop and mobile devices and thus enhancing the trading experience of all the traders.
For Whom pepperstone is ideal?
Pepperstone is ideal for those traders who want a manageable range of low-cost contributions, multiple choices of user interfaces and account categories, and valuable customer support.
Pepperstone offers negative balance protection but only U.k clients are eligible for this service.
Payment methods
Traders can deposit into their pepperstone trading account via POLi, a bank transfer, credit/ debit cards, BPay, Pay Pal, Union pay, and Skrill. There are no deposit or withdrawal fees, except for bank transfers which apply everywhere.
Pepperstone offers hassle-free withdrawals. Traders will pay the third-party payment which pepperstone doesn't control.
Pros
- Offers low/ competitive FX trades
- Offers protection for U.K client's accounts
- Regulated by FCA (U.K)
- Offers a broad range of trading platforms consisting of MT4/ MT5 and cTrader
Cons
- Do not available for the U.S clients
- limited account security for non-U.K/ E.U clients
- Does not offer guaranteed stop loss
Benefits of trading with Pepperstone
- Offers quickly order execution-30 ms on average
- provides attractive trading conditions
- Cost low fees
- No inactivity fee
- 1200+ trading tools
Drawbacks of pepperstone
- The least amount to open an account is $200
- Limited opportunities for passive trading
- Support service operates only 24/5
- There is no news section
- You have a 30-day-day time limit to trade on a demo account
Conclusion
Pepperstone is ideal for amateur market participants and professional traders as well. In short, the broker delivers a satisfying and reliable trading solution. Our final opinions about pepperstone are positive. Be a wise trader and equip yourself with pepperstone benefits today.
