- Choice of markets
- Choice of platforms
- Tight spreads
Not so great for
- Forex trading carries risk
Pepperstone is a leading Australian forex broker, providing traders direct access to some of the largest financial markets in the world. If you choose to open a forex trading account with Pepperstone, you will gain access to more than 70 tradable forex and CFD markets. With ECN accounts, spreads in the forex majors from 0 pips and access to leverage as high as 500:1, Pepperstone has a trading solution for all levels of traders.
By offering MetaTrader 4, MetaTrader 5 and the cTrader platform, Pepperstone have a reliable option to suit you. Whether you're at home on a desktop, at work requiring webtrader access, or out on the go with only access to your mobile, you can be assured that market access is never unreachable.
0.0 - 0.1 pips
Minimum trade size
|Type of broker||Online|
|Available markets||61 global currency pairings, commodities, cryptocurrency, index CFDs, stock CFDs|
|Minimum spreads||0.0 - 0.1 pips|
|Leverage||1:1 - 500:1|
|Commission||AU$3.50 per 100k traded|
|Minimum opening balance||US$200|
|Minimum trade size||0.01 lots|
|Support||Phone, email, live chat|
Founded and based in Melbourne Australia, Pepperstone is an award winning, ECN forex broker. The company's rapid rise has seen them expand offices to London, Dallas, Shanghai and Bangkok. With a localised presence, Pepperstone is able offer increased levels of customer support across a number of languages.
Regulated by ASIC in Australia and the FCA in the UK, Pepperstone has a reputation for being a reliable and low-cost forex option for traders. By offering direct access through top-tier liquidity providers, Pepperstone run a business model that has seen them establish themselves as one of the most talked about forex brokers available.
While not a finder exclusive, traders are also able to earn Qantas points for every lot you trade on a Pepperstone live account. Each eligible forex lot traded, earns up to 10 points, to a maximum value of 10,000 points for a month. This offer is available to new and existing clients of Pepperstone, you just need to link your Qantas Frequent Flyer membership to your Pepperstone trading account.
Additionally, new clients may also be eligible for a first deposit bonus, which earns you 10 frequent flyer points for every $1 deposited in your account (up to a maximum of 10,000 points). If you're not already a member of the Qantas Frequent Flyer program, you can also access complimentary membership via the Pepperstone website.
Exclusions apply. For full terms and conditions, check the Pepperstone website.
A Pepperstone forex trading account has several features that will appeal. The stand out feature is Pepperstone's ECN, no dealing desk business model. It ensures that trading costs are kept low and their reputation for putting the trader first is maintained.
Pepperstone is an ECN forex broker. This means that when it comes to order execution, there is no dealing desk intervention. Instead, their prices are sourced from a list of liquidity providers and only the best prices are shown. This means spreads are tighter and ensures your goals are aligned with the broker, putting to bed the prospect of being stop hunted.
Pepperstone is authorised and regulated by the Australian Securities and Investment Commission (ASIC) in Australia, as well as the Financial Conduct Authority (FCA) in the UK. The oversight of both regulatory bodies ensures that Pepperstone meets the required capital requirements, are following correct compliance guidelines and offer a course of action for clients who feel aggrieved.
The minimum deposit required is $200 and can be funded via the following payment options: credit card, bank transfer, broker to broker, BPAY, Skrill, Fasapay, Neteller, Poli, Qiwi Wallet and Union Pay.
You can access your Pepperstone trading account from your desktop computer and laptop via downloadable software, or through your chosen web browser. There are also apps available that allow you to trade on Apple and Android mobile devices. This means that no matter where you are, you can remain logged in across platforms and always ensure you have access to your trading account.
While Pepperstone is primarily a forex broker, they offer access to a whole range of other markets through CFDs. Whether you're a forex, indices, commodities or even cryptocurrency trader, Pepperstone allows you to keep on top of them, all from the one trading platform.
Pepperstone provides access to more than 72 markets, including forex majors, minors, exotics and CFDs covering indices and commodities. Some of the most popular forex currency pairs offered include:
Pepperstone also offers cryptocurrency CFD trading, accessible directly alongside their regular forex and CFD markets, all within the same trading platform. Some of the more popular cryptocurrencies to trade against USD include:
Cryptocurrency CFDs allow you to take advantage of crypto market moves, without actually owning any of the coins outright. You don't have to open a wallet or worry about the security risks associated with storing your private keys, you are just simply trading short term movements in price.
Pepperstone offers access to your account through a number of different trading platforms:
Depending on your personal circumstances or trade volumes, Pepperstone offers traders a choice between multiple account types. The two most popular forex trading accounts are as follows:
Pepperstone also offers the follows special account types that you must request to gain access to:
If you ever have a problem with your trading account, Pepperstone offers comprehensive 24 hour customer support through a number of mediums:
As Pepperstone is an ECN forex broker, spreads shown on the MetaTrader 4 platform are variable. Quotes are sourced from a list of partner banks and liquidity providers, so they're always changing depending on market conditions.
If you're treading on a Pepperstone Razor account, then you can be assured that the prices you're seeing are sourced directly from the interbank market and absolutely zero markup is applied. This is why during peak times such as the London open, you can often see spreads on EUR/USD as low as 0.
If you'd like to open a forex trading account with Pepperstone, you'll need to click one of the "Go to site" links on this page. This will take you to the Pepperstone website where you can fill out an online application.
To apply you will need to provide:
Once your account has been approved by the Pepperstone account services team, you will then be able to fund your account.
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