Apparently, Pepperstone doesn't charge an inactivity fee, which is a rarity in this industry. There are, however, fees for international bank wire withdrawals. As is the norm in the FX industry, clients will be charged swap fees on positions that they hold overnight. Pepperstone advertises that its "overnight rates are set at the benchmark regional interest rates for the underlying product, plus or minus our fixed charge of 2. Required margin varies with the type of instrument being traded but can only be found in the "New to trading" FAQ section on the website.
Pepperstone also offers a no-swap Islamic account that incurs administration fees after a two-day holding period. 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. Pepperstone's cTrader is a streamlined trading platform that is available as a download or web-based interface, which is stable and easy to access from any browser Chrome, Firefox, Safari, or Internet Explorer.
This platform provides an updated look and feel, one-click trading, and full integration across desktop and mobile platforms, which enhance the trading experience for all types of traders. Pepperstone's cTrader has a simple and easy-to-use interface where traders can set up watchlists, analyze charts, place and monitor trades, have access to an instrument's "depth-of-market," and keep abreast of upcoming events with the market calendar. The technical analysis charts can be expanded to full screen and come with more than 70 technical indicators that you can apply over many different time frames, from tick charts to monthly charts.
The Autochartist program generates trade ideas based on technical analysis patterns. The platform additionally provides traders with the option of "copy" or "social" trading, which can be accessed through the desktop trading platform, and also automating their own strategies. Additionally, the trader can make the stop loss a trailing stop loss, though the option for a guaranteed stop loss is not offered.
Pepperstone Review and Tutorial 2021
Furthermore, there is a choice as to whether the trader wants the stop loss order to be executed at the bid or ask rate. All mobile versions are useful but limited in functionality, which is expected, but some customers may wish for more sophisticated feature sets. Pepperstone has also partnered with Equinix to provide low-latency access to the global interbank system, centered at the Equinix Financial Exchange in New York.
High-end clients, who demand blazing fast execution speeds and minimized pricing lag, can choose from a wide range of VPS options through this facility.
What is Pepperstone?
Pepperstone offers:. All instruments are available in all account types, but cryptocurrency fees aren't well documented, which is disappointing due to that category's high volatility and relatively wide spreads. Pepperstone traders that select the MetaTrader 5 forex trading platform can trade U.
Over 60 U. Traders can go long or short on these CFDs. Additionally, clients are assigned an account manager to assist them with relevant account-related matters. Given that the company advertises not having a dealing desk, it stands to reason that clients would not be able to contact the dealing desk in case of a trading emergency.
Local clients can walk into the main Melbourne, Australia office, but online support options are likely to produce more rapid results. An adequate FAQ addresses most inquiries, though its organization and content could be improved. Pepperstone's website contains comprehensive educational resources through a dedicated section that includes "Learn To Trade Forex" tutorials, numerous archived and live webinars, and an impressive list of trading guides.
Commodity trading is also covered in detail, along with discussions on slippage, hedging, and margin. The site also features standard educational fare that includes a market glossary and technical analysis tutorials. 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. The Pepperstone-branded cTrader offering also comes equipped with a tool for analyzing one's trading activity. 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.
Pepperstone Review - Forex broker review incl Spreads, deposit and MT4
The broker does not provide tax accounting tools on the platform. Pepperstone's market analysis and insights are on par with industry standards and serve to connect traders to the market and supplement its educational resources. Along with a "market calendar," there are sections for "market analysis" and "market news," which provide useful information and actionable analysis that add value to one's trading.
Daily pre-market "forex reports" are emailed to the client prior to the start of each trading session. The analysis section covers a wide array of topics, from politics to other newsworthy events, while a section called the "Daily Fix" provides analysis on market-moving events.
Pepperstone Forex Broker Information
The broker's Twitter account also appears to be quite active. Additional research with "more insights and analysis" is available for active traders and high-volume traders. Pepperstone holds professional indemnity insurance through Lloyd's of London.
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ASIC requires financial services firms to "meet strict capital requirements and to implement and comply with internal procedures including risk management, staff training, accounting, and audits. Client funds are held at National Australia Bank in a segregated account to avoid misuse.
Pepperstone Video Review
The trading platforms utilize automatic stop-out systems to eliminate negative balances, but the website admits that "losses may exceed your deposit amount" in volatile market conditions. Pepperstone offers negative balance protection, which is mandated under ESMA rules that went into effect in , for its U. However, non-U. The broker does have two-factor authentication 2FA but does not offer bio-metric authentication for its mobile application. Pepperstone offers clients the most complete trading experience in the online forex broker community.
The broker's lightning-fast execution systems, multiple account types, competitive pricing, and multiple platforms MT4 and MT5, and full cTrader functionality outshine the vast majority of worldwide forex brokers. 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.
Substandard website maintenance speaks to a lack of attention to detail. Customer service is slightly above average, and the education catalog is adequate. Enjoy lower spreads and powerful platforms. Fine-tune your trading strategies with the latest technical and fundamental analysis.
Nothing should get in the way of making your best trade. We offer three free online trading platforms.
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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. It's quick and easy to get started — even with a small deposit.
Apply in minutes with our simple application process. Start trading now Try demo. View all spreads. Why Pepperstone? Trade with confidence. Protect your money with a regulated broker. Choose from a wide range of funding methods with local bank options. Unlock more opportunities. Enjoy seamless trading with fast execution speeds.