Pepperstone AU Review 2024

Last updated Mar 1, 2024
Логотип Pepperstone AU
4.6/5
Trading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

In this review, we will analyze the activities of Pepperstone, evaluate its cooperation conditions, and present honest trader reviews. The evaluation aims to assist beginners in deciding whether to choose this broker as their intermediary or to continue their search.

Pepperstone Broker Overview

Foundation Year2010
Official Websitehttps://pepperstone.com
Regulated in CountriesAustralia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United KingdomMore Details
Minimum Deposit
  • 1 AUD
Spreadfrom 0 points
Max Leverage1:30
Trading Assets
  • Forex
  • Indices
  • Cryptocurrency
  • ETF
  • Stocks
  • Precious Metals
  • Energy Carriers
  • Agricultural Commodities
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • cTrader
  • TradingView
Email Support
  • support@pepperstone.com
Hotline Phones
Social Media

Pepperstone is an ECN broker that was founded in Melbourne, Australia. It has been operating since 2010.

Pepperstone specializes in providing services for trading in financial markets. With fast trade execution, low commissions, and a wide range of instruments, Pepperstone aims to help traders achieve their trading goals.

The company has been honoured with prestigious awards from Investment Trends and Deloitte, confirming its recognition for high customer service and trading conditions.

Pepperstone Review Summary

The broker evaluation is conducted based on our unique methodology, which we have developed to simplify the broker selection process for our users. We have considered numerous factors, including regulation, trading conditions, platforms, educational materials, and the quality of customer service.

We hope our assessment and review of Pepperstone will help you make an informed decision. Continue reading the review to learn more about how this broker operates and why it might be a good choice for you.

Reliability and Regulation

Rating:5/5
Legal EntityRegulatorReview
Current review
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Pepperstone is regulated in seven different jurisdictions, indicating a high level of reliability and regulation. It is important to note that each of these regulators has its standards and requirements, ensuring comprehensive oversight and transparency of the broker's activities.

Among these regulators are respected organizations such as ASIC (Australia), SCB (The Bahamas), CySEC (Cyprus), DFSA (UAE), BaFin (Germany), CMA (Kenya), and FCA (United Kingdom). This confirms Pepperstone's status as an international broker operating by international standards.

Ensuring Fund Safety

Pepperstone prioritizes the safety and security of client funds. When opening a trading account with Pepperstone, several measures are in place to protect client investments:

  • Regulatory oversight. Pepperstone is authorized and regulated by the Australian Securities and Investments Commission (ASIC), holding AFSL number 414530.

  • Trust account for client money. Client funds are held in a trust account with banks regulated by the Australian Prudential Regulation Authority (APRA). These banks are classified as authorized deposit-taking institutions (ADIs).

  • Segregation of funds. Pepperstone strictly segregates retail client money from its funds, ensuring protection from the firm's creditors in the unlikely event of Pepperstone's liquidation.

Handling of Client Funds

Deposited funds are held under the Australian Client Money Rules and ASIC Regulatory Guide 212, relating to OTC Derivatives, unless the client has opted to be classified as a Pepperstone Pro and consented to a different arrangement.

Scenarios of Liquidation

  1. Pepperstone's liquidation. In the rare event of Pepperstone's liquidation, segregated retail client funds are protected under the Corporations Act 2001 (Cth) requirements.

  2. Bank liquidation. Should a bank holding Pepperstone’s funds face liquidation, any losses would be proportionately shared among clients based on the share of funds held with that bank.

These measures and regulations provide a robust framework for protecting client funds, ensuring that Pepperstone maintains high trust and reliability in its financial dealings.

Account Opening

Rating:5/5

Opening an account with Pepperstone is simple, convenient, and quick, and most traders should not encounter any difficulties.

Registration

To open a personal account with the Pepperstone broker, you need to visit the company's official website and click the "Join Now" button in the upper right corner, after which users are redirected to the registration page.

In the registration form, you must indicate:

  • account type - individual, company, introducing broker;
  • country of residence;
  • first and last name;
  • date of birth;
  • mobile phone number;
  • email;
  • password for personal cabinet access.

Now, you have access to your cabinet.

Verification

You must complete the verification process; otherwise, you cannot open a trading account. Without verification, only a demo account is available.

First, you will need to fill out all the necessary forms:

  • personal details, residential address;
  • trading preferences - terminal, leverage, account type, account currency;
  • employment, income, trading experience;
  • a suitability test for trading CFDs and Forex. A regulatory requirement;
  • declaration. Here you must familiarize yourself and confirm that you understand and agree with the broker's terms.

You should only provide accurate information, as you must further confirm it.

As the last step, users are asked to provide photographs or scanned images of a passport or other identity document and a bank statement or utility bill to confirm their residential address.

Client Area Overview

Upon completion of verification, clients have access to all the features of the personal cabinet. You can now:

  • open a trading account;
  • deposit and withdraw funds;
  • use the broker's calculators and trading tools;
  • apply to participate in the broker's affiliate program;
  • download the trading platform;
  • contact technical support.
Pepperstone Client Area
Pepperstone Client Area

Minimum Deposit

There is no fixed minimum deposit amount at Pepperstone. Considering your trading experience and financial situation when deciding on a deposit amount would be best.

Account Currency

Pepperstone offers a wide choice of currencies for account opening. You can choose from the following currencies: Australian dollar (AUD), US dollar (USD), Japanese yen (JPY), British pound (GBP), euro (EUR), Canadian dollar (CAD), Swiss franc (CHF), New Zealand dollar (NZD), Singapore dollar (SGD), and Hong Kong dollar (HKD).

Account Types

Rating:3.8/5

Pepperstone offers extensive opportunities for most traders, including various trading platforms, access to VPS hosting, integration with copy-trading platforms, and support for various asset types for trading. However, it should be noted that the absence of cent accounts, fixed spread accounts, and insufficient variety in account types may not fully meet the needs of specific trader categories. This is especially relevant for beginners who may find it more convenient to start with a cent account and those who prefer a fixed spread's stability.

Trading Accounts

Standard and Razor accounts are available for selection.

StandardRazor
Account CurrencyAUD, USD, EUR, GBP, CHF, JPY, NZD, SGD, CAD, HKD
Minimum Deposit1 $
Trading PlatformsMetaTrader 5MetaTrader 4cTraderTradingView
Spreadfloatingfrom 1 pipsfor EURUSD~ 1.15 pipsfloatingfrom 0 pipsfor EURUSD~ 0.15 pips
Commission per Tradeper 1 lot~ 3.5 $
Trading AssetsForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy CarriersAgricultural Commodities
Opened Positions
Leverage1:1-1:30
Margin Call / Stop Out100% / 50%
Order ExecutionECN
Demo Account
Islamic Account
RegisterRegister

The company welcomes all trading styles and allows the use of advisors.

Demo Account

There is an opportunity to open a demo account for all clients under standard conditions. Starting balance: from 200 to 50,000 in any 10 account currencies.

The number of demo accounts is unlimited.

Pepperstone Pro Account

Every trader can become a Pepperstone Pro client and unlock access to higher leverage, exclusive account features, and eligibility for our Active Trader program, where your trades earn cash rebates.

Key Features

FeatureDescription
Higher LeverageIncrease your leverage beyond what is offered to standard customers.
Premium RewardsJoin a dedicated referral program to earn up to $5,000 per referral.
Active Trader ProgramTrade specific volumes and save on trading costs with cash rebates through our Active Trader Program.
Dedicated Relationship ManagerReceive personalized service and priority support from your relationship manager.
Credit FacilitiesBenefit from bespoke facilities like cash-in-transit, credit limits, or specific margin call levels to boost your trading.
Large Size ExecutionGet customized trading sizes for better execution.

Eligibility Criteria

To qualify for Pepperstone Pro, meet one of the following:

Sophisticated Investor TestWealth Test
Criteria 1: Complete our online Knowledge Quiz demonstrating your expertise.Criteria 1: Have a minimum net asset of AU$2.5 million.
Criteria 2: Trade leveraged FX/CFDs 20 times per quarter for 4 quarters in the past 2 years, with a notional value of AU$50,000 or more, or have relevant financial sector experience.Criteria 2: Earn a minimum gross income of AU$250,000 for the last 2 years.

Application Process

  1. Log into your Secure Client Area.
  2. Select Pepperstone Pro on the top right-hand side.
  3. Choose 'Start Sophisticated Investor Application' or 'Start Wealth Application'.
  4. Complete the Knowledge Quiz and provide evidence of trading or financial sector experience, or submit proof of eligibility as certified by your accountant.

What Protections Do Pro Clients Lose?

As a Pepperstone Pro client, you won't be subject to:

  • Lower leverage limits.
  • Compulsory margin close-out at 50%.
  • Retail negative balance protection.
  • Retail disclosure requirements.

Social Trading

One of the attractive features of working with Pepperstone is the ability to copy trades. This approach allows new and experienced traders to learn from the best, automatically copying the trades and strategies of successful traders.

Pepperstone integrates with copy-trading platforms such as Myfxbook, MetaTrader Signals, and DupliTrade. All of them can be easily integrated with your Pepperstone trading account, ensuring flexibility and convenience.

It is important to remember that all types of trading involve risk, and copy trading relies on the judgment of a third party. Even if you copy the trades of a successful trader, this does not guarantee that you will also make a profit.

We will look more at the copy-trading platforms in the "Trading Platforms" section.

VPS

VPS (Virtual Private Server) allows traders to run automated algorithmic strategies, including advisors, 24 hours a day, 7 days a week on a virtual machine.

The advantages of trading using VPS hosting include minimizing the likelihood of system downtime due to technological failures and connection problems.

ForexVPS

The ForexVPS service provides access to ultra-low latency of about 1 millisecond, a 100% uptime guarantee, and the ability to install any advisor. They have a team of experts ready around the clock to help you install any advisors or third-party tools or fix any problems. ForexVPS will come pre-installed with Pepperstone MetaTrader 4, so you can start trading immediately.

New York City Servers

Pepperstone also cooperates with New York City Servers. NYC Servers understands how important it is for traders to have a stable connection with low latency to the broker, so the service guarantees fast order executions and robust servers that run 24 hours a day, 7 days a week. In addition, all NYC Servers services are supported by round-the-clock support via email, support tickets, online chat, and phone.

Commissions

Rating:4/5

An important aspect when choosing a broker is the structure of fees. Pepperstone does not charge a commission for account inactivity or withdrawing funds, which is a significant advantage for traders. As for trading commissions, the broker offers competitive trading conditions.

Commission per lot

Pepperstone charges a commission only on Razor accounts when trading Forex and stock CFDs. The commission depends on the chosen account currency and the type of trading platform.

Account currencyMT5 Razor / MT4 RazorcTrader Razor / TradingView Razor per 1 lot
Commission per 0.01 lotCommission per 1 lot
USD0.04 USD (0.08 USD per turnover)3.50 USD (7 USD per turnover)3 USD / 3.50 USD
EUR0.03 EUR (0.06 EUR per turnover)2.61 EUR (5.23 EUR per turnover)
GBP0.02 GBP (0.05 GBP per turnover)2.29 GBP (4.59 GBP per turnover)
AUD0.04 AUD (0.08 AUD per turnover)3.50 AUD (7 AUD per turnover)

The commission structure for Pepperstone can be considered average in the market.

Here is the commission per lot for the EURUSD pair with different Forex brokers.

BrokerIC Markets AustraliaRaw SpreadCMC Markets AUFX ActivePepperstone AURazorVantage AURawAdmirals AUZero.MT5
Commission per lot$3.5$2.5$3.5$3$3

Spreads and Swaps

The main costs for a trader on a Standard account are spreads and swaps. Minimum and average spreads on major currency pairs are attractive. They can be estimated as below the market average. As for swaps, their values can be called average.

Let's consider the spreads and swaps of the main currency pairs on Standard accounts.

AssetAverage spreadSwap longSwap short
AUDUSD1.2 pips-3.69 pips0.91 pips
EURUSD1.1 pips-6.28 pips2.29 pips
GBPUSD1.4 pips-3.36 pips-1.56 pips
NZDUSD1.4 pips-1.37 pips-1.01 pips
USDCAD1.4 pips-1.00 pips-4.88 pips
USDCHF1.4 pips6.14 pips-10.58 pips
USDJPY1.3 pips11.77 pips-25.20 pips

CFD Stock Commissions

Trading stock CFDs means trading at direct underlying exchange prices without additional mark-ups added to the bid/ask spread. Instead, you pay a small commission for each trade executed.

SharesCommission per transactionMinimum fee
UK0.10%-
US0.02 USD-
DE0.10%7 EUR
AU0.07%5 AUD
HK0.20%45 HKD

Deposit and Withdrawal

Rating:4/5

Pepperstone offers various account funding methods, including Neteller, PayPal, Skrill, Swift, Visa, and Mastercard. The absence of deposit fees is a significant advantage. However, withdrawals are available only via bank transfer, which may be inconvenient for some clients. Additionally, clients are responsible for any bank fees associated with withdrawals, which can increase costs.

The processing time for deposits and withdrawals is generally acceptable, though unforeseen circumstances can extend withdrawal times. Overall, the terms for depositing and withdrawing funds are pretty transparent and convenient for most traders.

Account Funding Methods

You can fund your account opened with Pepperstone through one of the following payment systems.

Payment SystemCurrenciesDeposit FeeOperation Limit
NetellerNeteller
USDEURGBP
0%
from 10 to 50000 AUDfrom 10 to 50000 USD
PayPalPayPal
USDEURGBP
0%
from 10 to 50000 AUDfrom 10 to 50000 USDfrom 10 to 50000 EUR
SkrillSkrill
USDEURGBP
0%
from 10 to 50000 AUDfrom 10 to 50000 USDfrom 10 to 50000 EUR
BpayBpay
AUD
0%
from 10 to 50000 AUD
Bank TransferBank Transfer
USDEURGBP
0%+ 20 AUD
VisaVisa
USDEURGBP
0%
from 10 to 75000 AUDfrom 10 to 75000 USDfrom 10 to 65000 EUR
MastercardMastercard
USDEURGBP
0%
from 10 to 75000 AUDfrom 10 to 75000 USDfrom 10 to 65000 EUR
UnionPayUnionPay
USDEURGBP
0%
from 10 to 75000 AUDfrom 10 to 75000 USDfrom 10 to 65000 EUR
POLiPOLi
AUDNZD
0%
from 10 AUD

A broker-to-broker funds transfer is possible, taking 2-3 business days.

Fund Withdrawal

Payment SystemCurrenciesWithdrawal FeeOperation Limit
Bank TransferBank Transfer
USDEURGBP
0%+ 20 AUD
  • Due to regulatory requirements, withdrawals are available only via bank transfer.

  • Bank fees for withdrawals are charged to the client, usually around 20 AUD.

  • Withdrawals take from 3 to 5 business days.

  • Unforeseen circumstances may arise that can extend the withdrawal time.

Markets and Products

Rating:5/5

Pepperstone offers trading in currency pairs and CFDs on indices, commodities, stocks, and ETFs.

The broker utilizes several tier-one liquidity providers to offer clients competitive quotes with low spreads and high liquidity across various instruments.

What markets are available?

  • 97 currency pairs;

  • 20 metals;

  • 4 energy commodities;

  • 16 soft commodities;

  • 23 stock indices from the Americas, Europe, Asia and Africa;

  • 3 currency indices;

  • 1000+ CFDs on US, UK, German, Hongkong and Australian stocks;

  • 100+ CFDs on ETFs from 35 countries.

Trading CFDs on stocks is available only on the MetaTrader 5 platform.

Margin requirements

Trading InstrumentMax. Leverage for Retail TradersMax. Leverage for Pro Traders
Forex
1:30
1:500
Precious Metals
1:20
1:100
Energy Carriers
1:10
1:100
Agricultural Commodities
1:10
1:50
Indices
1:20
1:400
Stocks
1:5
1:20
ETF
1:5
1:20
Cryptocurrency
1:2
1:10

Trading Platforms

Rating:5/5

Pepperstone offers a wide selection of high-quality and functional trading platforms, making it attractive to many investors.

Desktop Platforms

Clients can choose from several available trading platforms:

  1. MetaTrader 4 is the most common trading terminal for personal computers among brokers in the CIS region.

  2. MetaTrader 5 is a more powerful version of MetaTrader—all the features you use but with even greater functionality.

  3. cTrader - with its intuitive design, emulating an institutional trading environment, is perfect for those just starting trading.

MetaTrader 5
MetaTrader 5

Trading Platforms Comparison

PlatformcTraderMetaTrader 4MetaTrader 5
Desktop VersionsWindowsWindows, Mac OSWindows, Mac OS
Web VersionYesYesYes
Android/iOSYesYesYes
150+ Trading InstrumentsYesYesYes
Algorithmic TradingYesYesYes
Strategy BacktestingYesYesYes
Customizable Charts and IndicatorsYesYesYes
Regulated Session TimingYesNoNo
Market Depth AnalysisYesNoYes
Advanced Take-Profit/Stop-Loss LevelsYesNoNo
Access to Historical DataNoYesYes
Detachable Charts for Multiple MonitorsYesNoNo
Social Trading / Copy TradingYesYesYes
Profiles, Templates, and Passwords Stored in CloudYesNoNo
CFD Stock TradingNoNoYes

TradingView

TradingView is an advanced social network for traders and investors in financial markets. It is one of the most sought-after platforms for technical analysis, boasting many features.

TradingView
TradingView

Advantages of TradingView

The distinctive advantages of TradingView include:

  1. Data Visualization. TradingView offers flexible and quality data visualization tools that include various chart types.

  2. Social Network. TradingView has powerful social features that allow traders to exchange ideas and strategies and learn from other community members.

  3. Cloud Technology. All work is saved in the cloud so that you can access your charts, analytics, and settings from any device.

  4. Cross-Platform. TradingView works on any operating system and any device. There is also a mobile application for iOS and Android.

How to Connect Your Pepperstone Account to TradingView?

You can connect your Pepperstone account to TradingView as follows:

  1. Create a Razor account at Pepperstone to connect to TradingView.

  2. Complete the registration and fund your account. The TradingView platform will be available in the trading settings.

  3. Log into the TradingView platform and select the Trading Panel. Find Pepperstone and connect your account to start trading.

  4. Connect and authorize your Pepperstone trading account with your TradingView account by approving access.

  5. Once a successful connection is established, you can begin trading on TradingView with your Pepperstone account.

Copy Trading Platforms

Pepperstone collaborates with several social trading platforms to help you access the strategies of the world's best traders.

  1. MetaTrader Signals - access thousands of strategies from MetaTrader's social trading platform.

  2. DupliTrade is a signal marketplace automatically traded on your MT4 account.

MetaTrader Signals

Remove guesswork and emotion from your trading by accessing thousands of trading strategies and signals from successful traders in real-time.

MetaTrader 5 Trading Signals
MetaTrader 5 Trading Signals

DupliTrade

Diversify your investments with DupliTrade, a popular trading strategy marketplace that allows you to automate trading. DupliTrade utilizes signals from its traders, relying on their expertise, enabling you to broaden your trading knowledge and gain critical insights into professional methods.

DupliTrade
DupliTrade
How to connect to DupliTrade?
  1. Create an account with Pepperstone.

  2. Set up a DupliTrade account.

  3. Contact Pepperstone and request to link your account with DupliTrade.

Analytics

Rating:5/5

Pepperstone boasts a well-developed analytical department that includes daily market reviews, an economic calendar, the powerful market analysis tool Autochartist, and convenient calculators for traders.

Market Reviews

Pepperstone specialists conduct daily analytics of the available trading instruments. This information is published on the broker's official website and is accessible to all users.

Market analysis from Pepperstone experts
Market analysis from Pepperstone experts

Economic Calendar

The broker's website features a dedicated section on current economic news. By using this tool, traders can promptly respond to market changes associated with economic events.

Economic Calendar at Pepperstone
Economic Calendar at Pepperstone

Autochartist

The Autochartist service is available within the Pepperstone personal cabinet. It is an automated tool that simplifies the process of technical analysis by facilitating the identification of crucial support and resistance levels and detecting hundreds of potential trading opportunities.

Autochartist at Pepperstone
Autochartist at Pepperstone

Calculators

Various trading calculators are also available in the trader's cabinet.

  • Pip Calculator - provides the value of a single pip based on the trade volume entered for a specific asset.

  • Margin Calculator - shows the margin required to enter a position for an asset, taking into account the account's leverage, volume, and the asset being traded.

  • Profit Calculator - displays the trading profit for an asset considering the transaction volume, the difference in the opening and closing prices, and the traded asset.

Education

Rating:5/5

Pepperstone greatly emphasises the educational component, offering a broad spectrum of instructional materials and resources.

Trading Guides

Pepperstone provides detailed trading guides that help deepen knowledge in trading on volatile markets, help understand CFD trading risks and how to manage them, and help grasp the basics of FX Swap trading. These guides are designed to assist traders of all levels to trade more confidently in the financial markets.

Pepperstone Trading Guides
Pepperstone Trading Guides

Webinars

The broker regularly conducts webinars that offer clients the chance to learn from professionals and receive valuable tips and recommendations. Recordings of past webinars are also available on the broker's website.

Pepperstone Webinars
Pepperstone Webinars

Educational Videos

Pepperstone clients have access to an extensive library of educational videos that cover topics from the basic principles of CFD trading to specific aspects of trading with particular assets. These videos provide detailed explanations of CFDs' advantages, risk management principles, liquidity's impact on trading, and much more.

MetaTrader 4 Course

For those new to the MetaTrader 4 platform, Pepperstone offers a specialized course. It covers the essential functions of MT4 and provides tips on setting up the platform for convenient use.

Forex Market Trading Course

Traders looking to deepen their knowledge of Forex market trading will find the Trader Fest 2019 helpful course. It was a unique project that offered free online webinars with top experts worldwide (this course's recordings are now available). This course will help traders at any level find their edge in Forex trading.

Pepperstone Forex Trading Course
Pepperstone Forex Trading Course

Customer Support

Rating:5/5

Pepperstone's support service provides clients with various communication channels, prompt responses, professionalism, and efficiency in problem-solving.

Operating Hours

Pepperstone's customer support operates 24/5.

How to Contact Support?

You can get in touch through the following channels:

Phone

1300 033 375

Emailsupport@pepperstone.com

Additionally, you can use the online chat or WhatsApp on the website.

Reviews of Pepperstone Support

Pepperstone's tech support generally receives positive reviews for its responsiveness and effectiveness. Clients appreciate the personalized approach of the staff, which ensures that both beginners and experienced traders feel significant support in their development. The reliability of the platform and the excellent quality of customer service are often cited as key advantages.

Pepperstone Pros and Cons

Advantages of Pepperstone

  • A wide selection of trading platforms.
  • Tight spreads and favourable trading conditions.
  • Numerous regulatory licenses.
  • A large number of trading instruments, including over 600 CFDs on stocks.

Disadvantages of Pepperstone

  • Lack of diversity in types of trading accounts.
  • Withdrawals are only available via bank transfer, which can prolong the process significantly.

Conclusion

Pepperstone is a significant and reliable broker that offers a broad range of trading instruments and attractive trading conditions. With regulation by serious authorities, clients can be confident in the security of their funds.

The broker is suitable for various types of traders. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will also appreciate Pepperstone's opportunities, including favourable trading conditions, various trading platforms, and access to complex trading instruments.

The broker's technical support operates at a high level, offering clients quick and efficient responses to any questions.

Pepperstone is an excellent choice for traders of all experience levels. With a unique combination of educational materials, trading tools, and high-quality customer service, this broker ensures excellent conditions for successful trading.

Visit Pepperstone AUTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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