Pepperstone Kenya Review 2024

Highlights of Pepperstone KE

Spread fromEURUSD0pips

Trading Assets

Forex Indices ETF Stocks Precious Metals Energy Carriers Soft Commodities

Trading Platforms

MetaTrader 5 MetaTrader 4 cTrader TradingView

4.6/5

More DetailsRegister79% of retail investors lose money when trading CFDs with this broker

About Pepperstone KE

Founded in 2010

Countries of registration:

Regulators:

ASICSCBCySECDFSABaFinCMAFCA

4.6/5

More Details

Register79% of retail investors lose money when trading CFDs with this broker

Countries of registration:

Regulators:

ASICSCBCySECDFSABaFinCMAFCA

Trading Assets

ForexIndicesETFStocksPrecious MetalsEnergy CarriersSoft Commodities

Trading Platforms

MetaTrader 5MetaTrader 4cTraderTradingView

Deposit/withdrawal:

compare Pepperstone KE trading accounts

Pepperstone is a large and reliable broker regulated by CME Kenya, ASIC Australia, CySEC Cyprus, and FCA UK. Clients can be assured of the safety of their funds due to strict regulatory requirements.

Pepperstone offers a wide range of opportunities for all types of traders. Beginning traders will find an extensive set of educational materials including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will appreciate the tight spreads, favorable trading conditions, and access to a variety of trading platforms.

Pros and Cons of Pepperstone KE

Pepperstone KE Broker Overview

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 honored with prestigious awards from Investment Trends and Deloitte, confirming its recognition for high customer service and trading conditions.

Pepperstone KE 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.

Legal Entity	Regulator	Review
Pepperstone Group Limited Pepperstone Group Limited	ASIC ASIC	Pepperstone AU review
Pepperstone Markets Limited Pepperstone Markets Limited	SCB SCB	Pepperstone review
Pepperstone EU Limited Pepperstone EU Limited	CySEC CySEC	Pepperstone EU review
Pepperstone Financial Services (DIFC) Limited Pepperstone Financial Services (DIFC) Limited	DFSA DFSA	Pepperstone AE review
Pepperstone GmbH Pepperstone GmbH	BaFin BaFin	Pepperstone DE review
Pepperstone Markets Kenya Limited Pepperstone Markets Kenya Limited	CMA CMA	Current review
Pepperstone Limited Pepperstone Limited	FCA FCA	Pepperstone UK review

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.

Pepperstone account opening 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 simply need to 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.

Minimum Deposit

There is no fixed minimum deposit at Pepperstone. Consider your trading experience and financial situation when deciding on the size of your deposit.

Pepperstone account types offer extensive opportunities for most traders, including various trading platforms, access to VPS hosting, integration with copy-trading platforms, and support for different 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 certain 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.

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

Demo Account

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

The number of demo accounts is unlimited.

Copy 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 and MetaTrader Signals. 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.

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 Pepperstone fees, 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.

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.

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 very 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.

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.

Pepperstone offers various account funding and withdrawal methods, including Neteller, PayPal, Skrill, Swift, Visa, and Mastercard. The absence of deposit fees is a significant advantage. However, 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 System	Currencies	Deposit Fee	Operation Limit
Neteller	USDGBP	0%	from 10 to 50000 USD
PayPal	USDGBP	0%	from 10 to 50000 USD
Skrill	USDGBP	0%	from 10 to 50000 USD
M-Pesa	KES	0%	from 100 to 70000 KES
Flutterwave	USDGBPKES	0%	—
Bank Transfer	USDGBPKES	0%	—
Visa	USDGBPKES	0%	from 10 to 75000 USD
Mastercard	USDGBPKES	0%	from 10 to 75000 USD

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

Fund Withdrawal

Payment System	Currencies	Withdrawal Fee	Operation Limit
Neteller	USDGBP	0%	from 10 to 50000 USD
PayPal	USDGBP	0%	from 10 to 50000 USD
Skrill	USDGBP	0% limitscommission limits	from 10 to 50000 USD
Bank Transfer	USDGBPKES	0% limitscommission limits	—
Visa	USDGBPKES	0% limitscommission limits	from 10 to 75000 USD
Mastercard	USDGBPKES	0% limitscommission limits	from 10 to 75000 USD

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

• Pepperstone withdrawal by bank transfer takes from 3 to 5 business days.

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

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?

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

Margin Requirements

Pepperstone's leverage varies based on the account type, balance of funds, and the trading instrument. The table outlines the maximum leverage available depending on the trading instrument.

Pepperstone offers a wide selection of high-quality and functional trading platforms, making it attractive to many investors. You can discover more about these options on the Pepperstone trading platforms page.

Desktop Platforms

Clients can choose from several available trading platforms:

1. MetaTrader 4 is the most common trading terminal for personal computers among brokers. Read more about Pepperstone MetaTrader 4.

2. MetaTrader 5 is a more powerful version of MetaTrader—all the features you use but with even greater functionality. Read more about Pepperstone MT5.

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

Trading Platforms Comparison

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.

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. SignalStart by Myfxbook is a service that allows you to copy trades without running any software.

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

SignalStart

SignalStart by Myfxbook is an account mirroring service that allows you to copy the trades of the best-performing Forex trading systems. You can build your portfolio without paying any execution or management fees. Moreover, you do not need to run software on your side, as AutoTrade operates on its dedicated servers.

How to connect to Signal Start?

1. Create an account with Pepperstone.

2. Link your Pepperstone trading account with Signal Start.

MetaTrader Signals

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

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.

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.

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 key support and resistance levels and detecting hundreds of potential trading opportunities.

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.

Pepperstone greatly emphasizes 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, understand the risks of CFD trading and how to manage them, and 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.

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.

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'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:

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.

Conclusion

Pepperstone Kenya 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 favorable 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.

FAQ

Is Pepperstone KE legit?

Yes, Pepperstone KE is a legitimate and well-regulated forex broker. It is regulated by the Capital Markets Authority (CMA) in Kenya.

Which country is Pepperstone KE from?

Pepperstone KE is headquartered in Nairobi, Kenya.

Is Pepperstone KE an ECN broker?

Yes, Pepperstone KE is an ECN (Electronic Communication Network) broker, providing direct access to liquidity from multiple banks and dark pool liquidity.

How does Pepperstone KE make money?

Pepperstone KE makes money through the spread, which is the difference between the bid and ask prices. They also charge a commission on some of their account types.

Is Pepperstone KE good for beginners?

Yes, Pepperstone KE is a good choice for beginners. They offer a user-friendly trading platform, educational resources, and a demo account to practice trading.

Does Pepperstone KE offer a demo account?

Yes, Pepperstone KE offers a free demo account with virtual funds, allowing traders to practice trading strategies in a risk-free environment.

How can I open an account with Pepperstone KE?

You can open an account with Pepperstone KE by visiting their website, clicking on the "Create Account" button, and following the registration process. You will need to provide personal information and proof of identity.

How can I delete my Pepperstone KE account?

To delete your Pepperstone KE account, contact their customer support team and request an account closure. You will need to withdraw any remaining funds before the account can be closed.

What is the minimum deposit for Pepperstone KE?

Pepperstone KE has no minimum deposit requirements.

What is the maximum leverage on Pepperstone KE?

The maximum leverage offered by Pepperstone KE is 1:400.

How do I deposit funds in a Pepperstone KE account?

You can deposit funds into your Pepperstone account via bank transfer, credit/debit card, or e-wallets such as Skrill, Neteller, and PayPal.

How do I withdraw money from Pepperstone KE?

To withdraw money from Pepperstone KE, log in to your account, go to the withdrawal section, and request a withdrawal. The funds will be sent to your nominated bank account.

Does Pepperstone KE provide VPS?

Yes, Pepperstone KE offers a Virtual Private Server (VPS) service to its clients, allowing them to run their trading platforms and expert advisors (EAs) continuously.

Is Pepperstone KE suitable for scalping?

Yes, Pepperstone KE is suitable for scalping due to its fast execution speeds, low latency, and tight spreads.

Is Pepperstone KE suitable for auto-trading?

Yes, Pepperstone KE supports auto-trading and allows the use of expert advisors (EAs) on the MetaTrader 4 and MetaTrader 5 platforms.

Is Pepperstone KE suitable for hedging?

Yes, Pepperstone KE allows hedging, enabling traders to open multiple positions on the same trading instrument in opposite directions.