Pepperstone
Highlights
- Seamless trading
- Premium client service
Description
Established in 2010, Pepperstone is an Australian forex broker that also offers some CFDs. To serve its European clients better Pepperstone opened its office in London in 2015. It is regulated by the Financial Conduct Authority (FCA) in the UK and Australian Securities and Investment Commission (ASIC) in Australia.
Highlights
- Seamless trading
- Premium client service
- Wide range of funding methods
Pros
- Instant online account opening
- Free educational resources
- Low fees
Cons
- No investor protection for non-EU clients
- Limited products(forex, CFDs and crypto)
Main Features
Country of Regulation: Uk, Australia
Trading Fees: Low
Inactivity Fees charged: No
Minimum Deposit: $0
Products: Forex, Commodities, Index CFDs, Crypto Currencies
Review
Fees
Pepperstone charges low forex fees, equity fees, and non-trading fees. It does not charge inactivity or account fees but has high financing rates for CFDs.
A/C opening
The account opening process at Pepperstone is fully digital and fast. It does not require a minimum deposit for a standard account. Pepperstone offers two types of accounts based on pricing structure i.e Standard account and Razor account.
The Pepperstone account can be opened in 1 day. The online application takes not more than 15 minutes and it's easy and fast.
Deposit & withdrawal
The Deposit and withdrawal service is great at Pepperstone. The process is simple and you have many options for deposits and withdrawals. You also have the option of a wide range of account base currencies to choose from.
Pepperstone charges $20 for bank withdrawals for clients outside the EU and Australia. It offers multiple options for deposits and withdrawals like bank transfer, credit/debit card, PayPal, Neteller, Bpay, and union pay. To withdraw the funds you have to visit the Pepperstone portal and check the ‘Funds’ option. It usually takes 2 business days to withdraw money.
Trading Platform
The Pepperstone trading platform has a clear fee report, Good customizability, and order confirmation. It is easy to use and looks great. The Pepperstone trading platform provides web, desktop, and mobile trading applications.
Research
Pepperstone research has great market analysis and trading ideas but does not provide fundamental data and recommendations. The platform provides news feed and other research tools.
Customer service
You can connect with the Pepperstone customer service through email, phone, and Live chat.