Pepperstone Review

Year established: 2010

Minimum Deposit: $200

Spreads: Starting 0.1 pips

PAMM account: Yes

Certificate: Australian Securities and Investment Commission (ASIC)

Payment Methods: Credit/debit cards Moneybookers (Skrill) WebMoney Wire transfer

Mobile Applications: Yes

Languages: Chinese, English, Japanese


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Pepperstone, an execution-only forex trading company, provides trading solutions for novices as well as experienced traders. They enable retail investors to use forex as an asset class in order to help them achieve their investment objectives. Pepperstone also provides access to market data, direct access to several forex market liquidity destinations without the hassles of a dealing desk. Founded in 2010 by a team of veterans from the forex and technology segments, the firm has its headquarters in Melbourne, Australia.

Pepperstone operates under the Australian Financial Services License (AFSL 414530) that is issued as well as regulated by the Australian Securities and Investment Commission (ASIC). Clients’ accounts are maintained by Pepperstone with AA-rated banks.
Pepperstone Review – Trading Account Types/Deposits/Withdrawals

Basically, Pepperstone offers four types of trading accounts: Individual, Joint, Company and Trust or Superannuation Accounts. An individual account can be either a Standard account or a Razor account. Clients can upgrade their existing Standard or Razor account to EDGE Standard or Razor account by completing a form. The login details will be emailed to the client and funds transferred as per the client’s request to the new EDGE account.

Features of Edge Standard Account

• Institutional grade STP spreads
• No commission per trade
• Uses EDGE technology
• One click trading
• Offers 52 currency pairs for trading
• Enables secure funding 24/7
• Minimum deposit for opening account $200
• Trade starting from 0.01 lots
• Leverage 400:1
• Account designed for common traders
• All trading styles permitted

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Features of Edge Razor Account

• Raw ECN Spreads starting from 0.1 pips
• Commission per 100,ooo trades $3.5
• Uses EDGE Technology
• One click trading
• Offers 52 currency pairs for trading
• Enables secure funding 24/7
• Mining balance in account at opening $200
• Trade starting from 0.01 lots
• Leverage 400:1
• Account designed for advanced as well as EA traders
• All trading styles permitted

After opening a trading account with Pepperstone, clients can deposit funds in any of the base currencies AUD, USD, GBP, EUR, JPY, NZD, CHF, SGD and HKD. Clients can choose the most suitable payment method from any of the following options:

  • Credit/Debit Cards – MasterCard/Visa
  • MoneyBookers
  • Bank Wire Transfer
  • Broker to Broker Transfer
  • Local Bank Transfer (Non-Australian Banks)
  • Webmoney

Platinum Program

For traders who do large volumes, Pepperstone offers the Exclusive Platinum Program. Clients who qualify for this program get personalized service from a dedicated account manager.

Pepperstone uses SSL technology and encryption in order to ensure security of transactions. For deposits and withdrawals, they do not levy any internal fees. They do not accept third-party payments.

As far as withdrawals are concerned, funds will be returned to the bank account (single or joint) in the same name as in the client’s trading account. The charges involved in international Telegraphic Transfer are passed on to the clients. For accounts that have been funded through credit cards, withdrawals are processed in 60 days and back to the same Credit Card. Bank wire transfers may take about 3 to 5 working days.

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Pepperstone Review – Platform

Pepperstone offers several different trading platforms. These are:
MetaTrader 4 – The design of Pepperstone’s MT4 Client Terminal Platform is such that it gives traders a competitive edge in today’s fast-paced trading environment. The platform offers live quotes, in-depth news as well as analytics, real-time charts, a host of order management tools, expert advises and indicators.

MetaTrader 5 – The MT5 platform builds on MT4’s success, raising the performance bar once again. MT5 does not replace the popular MT4. MT5 is offered as a separate forex trading platform.

Physical FX – Through this platform, Pepperstone enables transfer of currency overseas at exchange rates that are far better than those available through conventional bank transfer. As the company offers great rates on foreign exchange transactions for businesses (no fees charged), clients stand to save money whenever they make a sale or purchase using a foreign currency. This system is especially beneficial to small businesses that find it difficult to get access to dedicated dealers and analysts.

MAM/PAMM – Multi-Account Manager (MAM) platform is designed for the use of money managers. This integrated software tool helps in the fast execution of block orders and automation of trade allocations to customers’ accounts.

FIX API – Financial Information eXchange (FIX) Protocol API provides low latency access to the Pepperstone’s FX trading environment. This is a perfect tool for those clients who use automated price engines, automated trading systems, order-routing management systems and advanced order types.
Webtrader – This platform customers direct access to their MT4 account on the web. Clients are not required to download or install any software.
iPhone/Android/iPad or Tablet – The Pepperstone’s Apps for Apple and android devices provides customers with easy access to their MetaTrader 4 trading account. The intuitively designed mobile platforms are very user friendly and offer flexibility as well as features to trade on the go.
Traders can download demos for free for all the platforms offered by Pepperstone.

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Pepperstone Review – EDGE Technology

The EDGE environment offers the most comprehensive and best performance for clients who want reduced spreads and to unlock execution acceleration. This enterprise Forex trading technology enables direct ECN trading through MetaTrader 4.

Pepperstone Review – Pros and Cons


• Low spreads offered because of connections Pepperstone has with around 22 major banks
• No Dealing Desk broker offers trading in 22 currencies and services of expert advisors
• Low minimum deposit of $200 offered for ECN accounts when compared with competitors who ask for up to $1,000
• Quick trade execution
• Good customer support: email, live chat and telephone; customer service is offered in multiple languages; website available in multiple languages


• Offers only MetaTrader platforms
• Forex learning resources can be a little more better
• US traders are not accepted

Pepperstone Review – Final Thoughts

Pepperstone may be a relatively new entrant in the field of forex trading, but they exhibit a clear understanding of traders’ need to securely and successfully conduct trades. Though the company does not serve clients from the US, they offer good trading opportunities to clients from other parts of the world.

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