CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider pepperstone broker whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 81.4% of retail investor accounts lose money when trading CFDs with this provider.
Low spreads on more than 150 instruments
Pepperstone Alternatives – Not sure if Pepperstone is right for you? Some alternatives you might be interested include Plus500, eToro, and Forex.com You can also check out our full guide to online brokers including lists of brokers available in . The following are the products offered for trading with the two types of accounts (please see the account section of this review). CFDs allow traders to speculate on the price of assets without owning them in their accounts. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. Traders receive protection up to £85,000 under the Financial Services Compensation Scheme Protection (FSCS).
Services and operation
Your trading costs at Pepperstone will mainly depend on what you trade and which type of account you set up. Using the EUR/USD as an example, after factoring in the per-trade commission of 0.7 pips, the effective spreads on the ECN Razor account were similar to the Standard account at 0.93 pips (using September 2021 data). Pepperstone also finished Best in Class for Algo Trading in our 2024 Annual Awards. If you’d like to learn more about the best algo trading software or the best trading platforms for high-frequency traders, check out our high-frequency trading guide.
Pepperstone Account Requirements
- These shares are priced directly from corresponding exchanges and have no spread mark-ups.
- With the scale of a global fintech and the agility of a start-up, we’re here to arm you with everything you need to take on the global markets with confidence.
- Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
- Now I am passionate about reviewing and comparing forex brokers.
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary https://traderoom.info/ or come from third-party providers – and evaluate them based on a host of data-driven variables. Pepperstone has continued to increase its range of markets for forex and CFD traders (including spread-betting available in the U.K. and Ireland).
Pepperstone clients have access to a wide range of global markets through 25 major index CFDs. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. Pepperstone offers traders a wealth of data in the “Active Market Panel” that opens on the right side of the cTrader interface. Everything is in real time and includes such necessary information as “margin required,” “pip value,” and “trade value,” so that the trader can make an informed decision.
Professional forex trading market analysis, insights and education at your fingertips. Access a world of CFDs across Forex, Indices, Commodities and Shares and trade the global markets your way. Now I am passionate about reviewing and comparing forex brokers.
Traders who fall below the Pepperstone margin requirements of 50% risk receiving a margin call and having their position closed prematurely. Pepperstone aims to verify accounts within 4-8 hours after receiving the correct ID documents. While the demo trial lasts for 30 days, once traders have a live account, the demo can be re-requested. Demo accounts are quick and easy to apply for without opening a funded Razor or Standard account. Pepperstone offers over 60 currency pairs, including majors, minors, and exotics, to trade. Being FCA-regulated lends credibility to the firm, but the inconsistency of offering negative balance protection while lacking guaranteed stop losses is a bit disconcerting.
Using a variety of filters, a trader can analyze their performance on a deeper level beyond the basic metrics, which can be especially useful for a new entrant to the leveraged world of online forex trading. The broker does not provide tax accounting tools on the platform. Pepperstone offers a broad range of platforms to suit every investment and trading style. The platforms are third-party, white-label offerings, as Pepperstone has shied away from building a proprietary interface. Smart Trader Tools for MT4 extend technical functionality, adding a suite of apps that assist with trade execution, market research, and depth of market analysis.
Margin trading products are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading on margin with this provider. You should consider whether you understand how margin trading works and whether you can afford to take the high risk of losing your money. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. Please read our PSF, RDN and other legal documents and ensure you fully understand the risks before you make any trading decisions.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Pepperstone is a trusted broker thanks to its many years of operation, and its regulatory status in Tier 1 jurisdictions including in the U.K., EU, and Australia, in addition to Tier 2 and Tier 3 licenses. Pepperstone delivers a good balance of research content in both video and written format. The quality of Pepperstone’s research offering is a touch above the industry average, yet it’s not quite as robust as what’s offered by category leaders like IG and Saxo. Though Pepperstone lacks a proprietary platform, it offers nearly every third-party platform available on the market.
Since 2010 Pepperstone has grown rapidly into one of the largest MetaTrader brokers in the world and is now trusted by over 300,000 clients globally. Today we’re a successful, multi-regulated firm with offices in London, Limassol, Düsseldorf, Melbourne, Dubai and Nairobi. MetaTrader 4, our most popular; MetaTrader 5, our most powerful; and cTrader, our most user-friendly. All of our platforms are available to run via WebTrader and mobile apps for seamless syncing across all of your devices. However, Pepperstone has a refer-a-friend program that rewards clients who invite their friends or family to trade with them. If such persons fund their new account with more than £1,000 and continue to trade at least five standard FX lots, the referrer is rewarded with a £100 deposit into his or her trading account.
It’s free to download for use with both Pepperstone’s live account as well as their demo account. Each currency has its own ARR, and in turn, a spread adjustment percentage is used to calculate interest rates on overnight funding and general spreads for Pepperstone clients. The drawbacks of the Pepperstone demo account are that it expires after 30-days and is limited to 50 trades at a time.
(Note these vary by country/regulator) The minimum deposit amount is £200 (or 200 units of your base currency). Over the last few years the firm has grown to be a major player in the online forex brokerage industry. Traders can either download the desktop version or log in to the web version of cTrader. Combined with the suite of algorithmic trading tools, cTrader offers a powerful platform for social and automated trading. Under the Market Watch panel, you will see that Pepperstone gives you access to all the trading instruments the broker offers.
Overall, I was impressed and Pepperstone earned Best in Class honors for MetaTrader in our 2024 Annual Awards. This short questionnaire allows us to assess if you’re appropriate to trade derivative products. Simply answer seven questions and we’ll provide your results instantly. We’ll need these to identify you during the application process. Pepperstone offers deep liquidity at the quoted at quoted price which is known as top-of-the-book liquidity. ~The Pepperstone group of companies have clients in over 160 countries.