Pepperstone AE Review 2024
In this review, we will analyze the activities of Pepperstone, evaluate its cooperation conditions, and present real trader reviews. The aim of the review is to assist beginners in deciding whether to choose this broker as their intermediary or to continue their search.
Pepperstone Broker Overview
Foundation Year | 2010 |
---|---|
Official Website | https://pepperstone.com |
Regulated in Countries | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United KingdomMore Details |
Minimum Deposit |
|
Spread | from 0 points |
Max Leverage | 1:30 |
Trading Assets |
|
Trading Platforms |
|
Email Support |
|
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 honored 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
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 | Current review |
Pepperstone GmbH Pepperstone GmbH | BaFin BaFin | Pepperstone DE review |
Pepperstone Markets Kenya Limited Pepperstone Markets Kenya Limited | CMA CMA | Pepperstone KE 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.
Particularly noteworthy is the license from the FCA, as it is one of the strictest and most respected regulators in the world, whose requirements guarantee a high degree of protection for clients.
Account Opening
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 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 amount at Pepperstone. Consider your trading experience and financial situation when deciding on the size of your deposit.
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).
This provides flexibility for traders from different countries and minimizes potential losses due to currency exchange.
Account Types
Pepperstone offers extensive opportunities for most traders, including various 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 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.
Standard | Razor | |
---|---|---|
Account Currency | USD, EUR, GBP, CHF, JPY, NZD, SGD, CAD, HKD, AUD | |
Minimum Deposit | 1 $ | |
Trading Platforms | MetaTrader 5MetaTrader 4cTraderTradingView | |
Spread | floatingfrom 1 pipsfor EURUSD~ 1.15 pips | floatingfrom 0 pipsfor EURUSD~ 0.15 pips |
Commission per Trade | per 1 lot~ 3.5 $ | |
Trading Assets | ForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy CarriersAgricultural Commodities | |
Opened Positions | — | |
Leverage | 1:1-1:30 | |
Margin Call / Stop Out | 100% / 50% | |
Order Execution | ECN | |
Demo Account | ||
Islamic Account | ||
Open AccountRegister | Open AccountRegister |
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.
Professional Clients
To become a Pepperstone Pro client and enjoy its full benefits, you need to meet both the Experience and Wealth criteria as detailed below:
Experience Criteria
Regular Trading. You must have actively traded over the past year, placing at least 40 leveraged trades with a minimum notional value of $50,000.
OR
Professional Experience. Provide proof of employment in a regulated financial institution where your role demonstrated derivatives trading knowledge, with at least 2 years in this position.
Wealth Criteria
Net Assets. Minimum net assets of $1 million.
OR
Financial Portfolio. Ownership of financial portfolios, secondary properties, and other tangible assets valued at $1 million or more.
Registration Process
- New clients can open an account here.
- Existing clients should log into their secure client area.
- Select 'Pepperstone Pro' at the top right-hand side of the screen.
- Click 'Qualify as a Professional Client' to register.
- Begin trading.
Key Features
Feature | Description |
---|---|
Relationship Manager | Personalized support from a dedicated Relationship Manager. |
Active Trader Program | Rebates on trading costs for high-volume traders. |
Increased Leverage | Up to 500:1 on FX and 200:1 on Indices. |
Exclusive Events | Invitations to events exclusive to professional traders. |
Large Size Execution | Capability to place larger trades with one click. |
Credit Facilities | Enhanced trading flexibility (subject to approval). |
Premium Rewards | Benefits when you introduce new traders to Pepperstone. |
What Protections Do Pro Clients Lose?
As a Pepperstone Pro client, you will not be subject to:
- Lower leverage limits.
- Compulsory margin close-out at 50%.
- Retail negative balance protection.
- Retail disclosure requirements.
Premium Clients
As a premium client, you will enjoy a range of additional benefits, enhancing your trading experience with Pepperstone:
Priority Client Support. Receive fast, responsive support for all your trading inquiries and needs.
Advanced Market Insights. Access expert trading resources and exclusive insights from Pepperstone's team of analysts.
Dedicated Account Manager. Benefit from bespoke service and support through a highly-skilled account manager tailored to your trading style.
Qualifying as a Premium Client
To become a premium client, you must meet one or more trading thresholds for two consecutive calendar quarters. Both Retail and Pepperstone Pro clients are eligible.
Trading Volume Requirements
Market | Monthly Volume Requirement |
---|---|
FX | $15 million notional volume |
Commodities | $15 million notional volume |
CFDs | $15 million notional volume |
How to become a premium client?
For those interested in joining the premium client service or seeking more information, Pepperstone can be contacted at +9714 573 4100 or via email at premium.ae@pepperstone.com.
Commissions
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 currency | MT5 Razor / MT4 Razor | cTrader Razor / TradingView Razor Commission per 1 lot | |
Commission per 0.01 lot | Commission per 1 lot | ||
USD | USD 0.04 USD (0.08 USD per turnover) | 3.50 USD (7 USD per turnover) | 3 USD / 3.50 USD |
EUR | EUR 0.03 EUR (0.06 EUR per turnover) | 2.61 EUR (5.23 EUR per turnover) | |
GBP | GBP 0.02 GBP (0.05 GBP per turnover) | 2.29 GBP (4.59 GBP per turnover) | |
CHF | CHF 0,03 CHF (0,06 CHF per turnover) | 3,30 CHF (6,60 CHF 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.
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.
Asset | Average spread | Swap long | Swap short |
---|---|---|---|
AUDUSD | 1.2 pips | -3.69 pips | 0.91 pips |
EURUSD | 1.1 pips | -6.28 pips | 2.29 pips |
GBPUSD | 1.4 pips | -3.36 pips | -1.56 pips |
NZDUSD | 1.4 pips | -1.37 pips | -1.01 pips |
USDCAD | 1.4 pips | -1.00 pips | -4.88 pips |
USDCHF | 1.4 pips | 6.14 pips | -10.58 pips |
USDJPY | 1.3 pips | 11.77 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.
Shares | Commission per transaction | Minimum fee |
US | 0.02 USD | - |
DE | 0.10% | 7 EUR |
AU | 0.07% | 5 AUD |
UK | 0.10% | - |
HK | 0.20% | 45 HKD |
Deposit and Withdrawal
Pepperstone offers standard account funding methods, including Bank transfer, 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 System | Currencies | Deposit Fee | Operation Limit |
---|---|---|---|
Bank Transfer | USDEURGBP. . .show all | 0% | — |
Visa | USDEURGBP. . .show all | 0% | from 10 to 75000 USDfrom 10 to 65000 EUR |
Mastercard | USDEURGBP. . .show all | 0% | from 10 to 75000 USDfrom 10 to 65000 EUR |
A broker-to-broker funds transfer is possible, taking 2-3 business days.
Fund Withdrawal
Payment System | Currencies | Withdrawal Fee | Operation Limit |
---|---|---|---|
Bank Transfer | USDEURGBP. . .show all | 0% limitscommission limits | — |
Due to regulatory requirements, withdrawals are available only via bank transfer.
Bank fees for withdrawals are charged to the client, usually around 20 USD.
Withdrawals take from 3 to 5 business days.
Unforeseen circumstances may arise that can extend the withdrawal time.
Markets and Products
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
Trading Instrument | Max. Leverage for Retail Traders | Max. 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
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:
MetaTrader 4 is the most common trading terminal for personal computers among brokers in the CIS region.
MetaTrader 5 is a more powerful version of MetaTrader—all the features you use but with even greater functionality.
cTrader - with its intuitive design, emulating an institutional trading environment, is perfect for those just starting trading.
Trading Platforms Comparison
Platform | cTrader | MetaTrader 4 | MetaTrader 5 |
Desktop Versions | Windows | Windows, Mac OS | Windows, Mac OS |
Web Version | Yes | Yes | Yes |
150+ Trading Instruments | Yes | Yes | Yes |
Algorithmic Trading | Yes | Yes | Yes |
Strategy Backtesting | Yes | Yes | Yes |
Customizable Charts and Indicators | Yes | Yes | Yes |
Regulated Session Timing | Yes | No | No |
Market Depth Analysis | Yes | No | Yes |
Advanced Take-Profit/Stop-Loss Levels | Yes | No | No |
Access to Historical Data | No | Yes | Yes |
Detachable Charts for Multiple Monitors | Yes | No | No |
Profiles, Templates, and Passwords Stored in Cloud | Yes | No | No |
CFD Stock Trading | No | No | Yes |
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:
Data Visualization. TradingView offers flexible and quality data visualization tools that include various chart types.
Social Network. TradingView has powerful social features that allow traders to exchange ideas and strategies and learn from other community members.
Cloud Technology. All work is saved in the cloud so that you can access your charts, analytics, and settings from any device.
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:
Create a Razor account at Pepperstone to connect to TradingView.
Complete the registration and fund your account. The TradingView platform will be available in the trading settings.
Log into the TradingView platform and select the Trading Panel. Find Pepperstone and connect your account to start trading.
Connect and authorize your Pepperstone trading account with your TradingView account by approving access.
Once a successful connection is established, you can begin trading on TradingView with your Pepperstone account.
Analytics
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.
Education
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.
Customer Support
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 | +971 (0) 4 573 4100 |
support.ae@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 favorable 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 AE 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.