Pepperstone Review in 2020

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Pepperstone review


Pepperstone Review in 2020

At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

By the way, we’re 100% free to use & fully independent
Trusted by thousands


Pepperstone review Pepperstone Review:
Best CFD & Forex Broker in 2020 (Low Fees)


As one of the best FX & CFD brokers in 2020, Pepperstone, an Australia based online broker was established in 2010, and later expanded to London in 2015. The company is regulated in both markets under the Financial Conduct Authority (FCA) in the United Kingdom and Australian Securities and Investments Commission (ASIC).

The portfolio of products and services that Pepperstone offers are not very comprehensive and limited to CFD and Forex. Even though there are variety of CFD options, you can only trade the following stocks:

  • Forex,
  • Crypto,
  • CFD
  • We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated Pepperstone as an option for:

  • Low trading fee online broker
  • Safe Online broker
  • Best Forex Broker
  • Top CFD Broker
  • Pepperstone pros and cons

    Apart from regulation that we talked about, online trading platform that Pepperstone offers to you as a trader is MetaTrader and very well known among traders. It's comprehensive, and customizable. Pepperstone in offering fair educational materials such as webinars. Additionally you will have a demo account to practice.

    The index fees that they charge for forex and equity are pretty low. The bright side is their decent customer support too. Additionally, you can deposit at no cos.
    There is always a flip side of the coin and it is Pepperstone's limited offers and portfolio (Mostly Forex & CFD).

    You can also find other options and review the best forex brokers or glance through our list of best CFD brokers that our editorial team has reviewed this month, alongside other online brokers.



    If you wish to compare Pepperstone with other alternativve online Brokers, click here, otherwise keep reading.



    best cfd broker
    Best online CFD & FX broker
    (Low Fee, No Min Deposit)
    Trade Now

    Account Fees:

    No

    Minimum deposit:

    $0

    Withdrawal Fees:

    Free in UK & Australia

    Investor Protection:

    £85,000 for EU residents

    Regulated:

    YES, UK, Australia

    Customer Support:

    Live Chat, Email, Phone

    Demo Account:

    YES

    Trading Options:

    Forex FX, CFD, Crypto

    Expert rating:

    Online Trading Platform: Desktop, Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overall Ranking:

    4.5 / 5

    Deposit & Withdrawal Type:

    Free / Bank Transfer, Credit/Debit card, Electronic wallets

    Open Account

    Pepperstone Pros and Cons

    Apart from regulation that we talked about, online trading platform that Pepperstone offers to you as a trader is MetaTrader and very well known among traders. It's comprehensive, and customizable. Pepperstone in offering fair educational materials such as videos and webinars. Additionally you will have a demo account to practice.

    The index fees that they charge for forex and equity are pretty low. The bright side is their decent customer support too. Additionally, you can deposit at no cos.
    There is always a flip side of the coin and it is Pepperstone's limited offers and portfolio (Mostly Forex & CFD).

    If you wish to compare Pepperstone with other alternativve online Brokers, click here, otherwise keep reading.


    How Much is Pepperstone Fees

    There are Pros and Cons here too.
    The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
    ✓ For S&P 500 CFD the fee is 0.4 average spread cost, which is considered to be low.
    ✓ For EURUSD the fee is MT4 ECN Razor pricing: $3.760.6 for every lot in every trade. and 0.16 pip average spread cost, which is considered to be low.
    ✓ For GBPUSD the fee is MT4 ECN Razor pricing: $3.760.6 for every lot in every trade. and 0.49 pip average spread cost, which is considered to be low.
    ✓ There is no inactivity fee.


    TIP: In reality it can take couple of business to deposit via bank transfer, Yet credit card and debit cards are done instantly.
    Some other positive points are:


    best cfd broker
    Pros

    Free deposit fee

    Low trading & non trading fees

    Decent Customer Service

    No minimum deposit


    best cfd broker
    Cons

    24/7 Support is not available

    Portfolio is limited to CFD & Forex

    No educational videos



    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked Pepperstone fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: IC Markets and Fusion Markets
    Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

    Trading fees are very easy to understand. Those fees are there only when you trade anything.
    Pepperstone is very transparent with its trading fees.
    If you wish to withdraw through banks outside Australia and Europe, you ought to pay $20 as a fix fee.
    In cases where you withdraw any amount less than the minimum withdrawal amount of $100 in Pepperstone, You will also be charged $10. Generally, trading fees come in formes of:

    Trading fees come in forms of:

  • Commissions
  • Spreads
  • Financial Rates
  • Conversion Fees
  • Now it's time for Non-trading fees
    These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

    Pepperstone

    Best Online broker for CFD, Forex (Low Fee)


    4.5

    Minimum Deposit

    $100

    Trade Now

    Pepperstone Trading fees

    Pepperstone, which is primarily known as a forex or CFD broker offers only one type of account with different base currencies. You can contact their support team to change your base currency. Let's deep dive and have a look at Pepperstone's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
    The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
    * Volume: a $2,000 position for the stock Index
    * Volume: a $2,000 position for CFD
    * Volume: $20,000 for the forex transactions.
    The leverage in this scenarios is:
    • 20:1 stock index CFDs
    • 5:1 CFD
    • 30:1 forex
    • Stock CFDs are Apple & telecommunication giant Vodafone


    Here is the tabular view of Pepperstone's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    CFD Fees

    Pepperstone

    eToro

    XTB

    S&P 500 CFD

    $2.1

    $2.2

    $2.0

    Europe 50 CFD

    $1.3

    $2.7

    $2.2

    Apple CFD

    $8.9

    $6.3

    $17.9

    Vodafone CFD

    $7.6

    ---

    $20.9


    Forex Scenario

    Benchmark Fee

    Pepperstone

    eToro

    XTB

    EURUSD

    $17.9

    $19.6

    $15

    GBPUSD

    $14

    $16.2

    $11.1

    AUDUSD

    $12.6

    $12.4

    $10

    EURCHF

    $9

    $11.8

    $6.6

    EURGBP

    $14.4

    $19.9

    $9.9


    To start trading Pepperstone does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not Pepperstone offers a demo account to practice.


    Pepperstone's Online Trading Platform

    Pepperstone does not offer desktop platform but it provides access to a unique mobile trading app and web trading platform. Even though it is liked by experienced traders, we have received feedback from beginners that they could easily navigate through the tabs and the entire online trading platform. One fun part is the search functionality.

    Pepperstone mobile apps are available for IOS, Android and Windows Phone. If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
    To add more security and protect your account, you can setup two-step login feature in your profile.
    The UI & UX of Pepperstone trading platform is unique and user friendly.
    At a glance it looks like this:



    You should not be worried if English is not your strength, because Pepperstone online trading platform is available in the following19 languages: In middle east it covers Arabic, Bulgarian, Simplified Chinese, Czech, French, German, Hungarian, Italian, Japanese, their origin language of Polish, then Romanian, Russian, Slovenian, Portuguese & Spanish languages, Thai, Turkce for Turkish citizens, Vietnamese and of course English.

    When it comes to trading, customer service plays a big role.
    Overall, Pepperstone customer support team responds fast via email (but they do not answer Phone calls). They have a live chat and offer help in English.

    Pepperstone

    Best Online broker for CFD, Forex (Low Fee)


    4.5

    Minimum Deposit

    $100

    Trade CFD Now

    What can you trade on Pepperstone

    Products, Portfolio and Markets

    The trading options that are available to you at Pepperstone are:

  • CFD
  • Forex
  • Cryptocurrency
  • Tip: When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements)
    All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

    Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex and CFD trading default leverages are high, don't gamble.



    best forex broker Trade Online Now

    Currency pairs:

    70

    Stock index CFDs:

    33

    Stock CFDs:

    1800

    ETF CFDs:

    92

    Commodity CFDs:

    22

    Bond CFDs:

    --

    Future CFDs:

    --

    Cryptos:

    14


     

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
    Disclaimer: Indicative prices; current market price is shown on the broker's trading platform. Past performance is not an indication of future results. The trading history presented is less than 5 years old and may not suffice as a basis for investment decisions. This post is not investment advice.



    How to open account on Pepperstone.


    Citizens of most countries are allowed to open account, however, Pepperstone, as a forex or CFD broker offers only one type of account and you can not open an account if you are from USA or Canada).
    You can expect a very easy, smooth and professional process to open your account with Pepperstone. All you need is an email or a social platform login
    You don't want to wast time, so do they. therefore, you will get your account opened in 1 day. Additionally, you will get access to use your demo account, immediately

    However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). In some cases a video verification might be asked too. Well, its more than easy to place an order and you will be guided throughout the process.
    As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with Pepperstone.

    in brief follow these 5 steps for account opening at Pepperstone:

    1. Get ready with you email address
    2. Select the country of residency.
    3. Provide demographic data
    4. Select your account type & base currency.
    5. Provide identity and residency proof for activation.

    Pepperstone account opening

    Performance Tracking

    Tip about away times:
    You can set alerts and notifications on Pepperstone and customise it. For instance, your alert can be set for a time that an asset reaches certain price target, or for fulfilment of order.
    No matter you use web or mobile for your trading, you can get different kind of notifications.
    Additionally, you might get yourself registered with traders' Sentiment so the system can inform you if a certain percentage of traders ( Buyers or Sellers) reaches a preset level that matters to you.

    I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in Pepperstone, It's kinda easy and you can see a structured cash flow and other financial related reports.
    The inhouse team does a good job by providing analysis, and market reports that can help you make better decisions.

    Finally, Research & Education

    Alright, if you are looking for fancy videos and a lot of videos to begin with, top 10 best is a much better resource since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
    Pepperstone education is not that comprehensive. You will get a demo account and sufficient balance to begin practicing.
    The Research part however is comparatively strong. for instance, they have a feature called 'Market sentiment' that illustrates the log and short positions of percentage of the clients.
    When it comes to research it offers 31 technical analysis (in 21 languages) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
    The charts and charting feature is pretty good. This broker does not offers both Trading ideas & Fundamental data. As for trading ideas, they are using autochartist.com.

    Our Take


    After careful evaluation, we believe Pepperstone is among top-tier online brokers, especially when it comes to trading CFD and forex in 2020.
    Couple of reasons could be it's regulation and being listed in stock exchange that makes it safer to trade. Also it is regulated by several financial authorities globally.

    Good thing is that Pepperstone's trading fees on forex and stock index CFD are low, and they allow you to withdraw for free and 5 times a month, In fact it's done pretty fast. No need to talk about the fully automated account opening process which is a great joy.
    On the negative side, Pepperstone is good for FX and CFDs but does not offer much of other options to trade, especially if you are outside Europe. They charge you inactivity fee and do not offer that much of educational materials


    Pepperstone

    Best Online broker for CFD, Forex (Low Fee)


    4.5

    Minimum Deposit

    $100

    Start Trading