Preliminary findings regarding the brokerage firm, Pepperstone had rendered mostly positive reviews. As this is the case, this broker review could easily assume the best about Pepperstone’s services. Given the initial data, it can be questioned as to why this review is being undertaken in the first place. This brokerage review is produced to walk interested individual through the offers and services available to Pepperstone’s clients.
This brokerage review is a result of months spent with the brokerage firm, Pepperstone. The review team had administered a comprehensive review of the firm’s offers and services. The following aspects of the brokerage had been looked into closely by the review team:
- The regulatory bodies sanctioning all of Pepperstone’s trading operations
- The trading instruments accessible through the Pepperstone
- The trading accounts available through the firm
- The trading platforms offered by Pepperstone
- The fees the firm’s clients are charged with
The review team aims at assisting its readers toward making an informed decision on whether they should sign up for the brokerage’s services.
Founded back in 2010, Pepperstone is a brokerage that specializes in Foreign Currency Trading and other assets.
As of writing, Pepperstone holds its base of operations in the United Kingdom, thus regulated by the Financial Conduct Authority (FCA). As it also holds business within Australia, the firm is also being sanctioned under the strict regulations implemented by the Australian Securities and Investments Commission (ASIC).
As with a number of Forex brokerage companies, Pepperstone is not licensed to serve traders living in the United States.
Pepperstone has engineered its business in such a way that traders who choose to deal with low-cost offerings, multiple choices of trading platforms, and account types could be catered to.
Offers and Services
Accessible Trading Instruments
As already mentioned earlier, Pepperstone specializes in trading Foreign Currency Pairs. The firm also provides access to other markets such as the Commodities, Indices, Metals, Shares, and Cryptocurrencies markets, bringing to the fore over 180 trading instruments.
With Forex Trading, Pepperstone clients are allowed to trade Major, Minor, and Exotic currency pairs. The leverage offered here may go as high as 500:1. This leverage is highly-flexible.
Pepperstone gives access to 14 major stocks from the international market. Clients need not deal with a desk; they are also free from commissions. The leverage for Index CFDs is up to 200:1.
While Pepperstone does not cater to traders from the United States, the firm gives its clients access to a total of 60 top-listed companies within the U.S. As of writing, the market caps for these are at $30 Trillion. The leverage offered to Share CFDs is pegged at 20:1.
The brokerage offers goods such as coffee, cocoa, and sugar alongside precious metals like gold, silver, and platinum.
Currency Index CFDs
Pepperstone allows for the value of a currency to be traded against a basket of other fiat currencies. The brokerage also offers USDX, a popular benchmark for the U.S. Dollar
Available Trading Accounts and Fees Charged
The review team sees the costs that Pepperstone implements to be competitive when placed beside other brokerages within the industry.
Clients are given the option to trade through either the Standard Account or the Razor Account.
The minimum for Foreign Currency Spreads for a Standard Account start from 1 pip, but without any commissions. The Razor Account on the other hand, has its minimum Forex pairs starting from 0 pips with commissions.
Pepperstone offers its clients an average spread of 0.13 pips for the EUR/USD currency pair. The average spread for the Standard Account is pegged at 1.13 pips. Clients delving in a €100,000 trade are provided with a total of 0.13 pips and are given a commission of €5.23.
Opening an account requires clients only a 200 units of the base currency. Funding the account may be done through Visa, MasterCard, POLi, Bank Transfer, BPay, PayPal, Skrill, Neteller, and Union Pay.
Depending on the positions, Swap Fees may also be charged overnight.
Trade with Pepperstone Today!
With known financial authorities regulating all of Pepperstone’s trading activities and a number of lucrative offers provided to its clients, choosing to perform transactions through the firm is a commendable idea. Apart from this, the firm is a viable option in light of the following facets:
- The range of trading instruments that Pepperstone gives its clients access to
- The trading accounts available to its clients
- The fees that the firm charges for its services
All-in-all, Pepperstone lays the foundation for good trading conditions and the building of strong investment portfolios.