Incorporated in Australia in 2010, Pepperstone Group Limited has risen swiftly to become one of the major forex and CFD providers globally. Pepperstone is an entirely subsidiary of Pepperstone Group Limited. Following Brexit, Pepperstone’s German and Cyprus firms will take care of any new customers enrolling from the EU.

Seven national regulators, including three top-tier financial organizations, oversee Pepperstone, making it recognized as secure: the Australian Securities and Investments Commission, the Financial Conduct Authority of the UK (FCA), and the German BaFin (ASIC). Furthermore, the group has offices in London, Dubai, Melbourne, Dubai, Limassol, Nassau, Nairobi, and other significant financial hubs. This Pepperstone review will give the traders insight into this trading platform.

Awards 

Numerous awards that Pepperstone consistently wins, besides the positive feedback from traders, show that the broker’s efforts to offer the most fantastic alternatives to the trading community are appreciated. Some of the awards they hold are:

  • Exporter of the Year 
  • International Business Magazine Awards
  • Best Forex ECN Broker
  • #1 Execution Speed

Account Types

Beginning traders or non-professionals can sign up for a Standard Account, a traditional type on a commission-free basis with an institutional grade STP spread starting at 0.6 pips available on the MT4 platform. Pepperstone accounts offer the same quality performance, support, and comprehensive platform features.

Commission

As you will be trading with interbank spread quotes starting at 0 pip and commission fees are added as a trading cost, the commission fee is only added to Pepperstone Razor Accounts. Pepperstone uses open terms and offers $3.5 per lot for every 100,000 USD exchanged, which is pretty competitive.

Pros and Cons of Pepperstone

Opening an account with Pepperstone is quick, simple, and entirely digital. In this pepperstone review, here are some pros and cons of this trading platform:

Pros

  • Creating an account is quick and completely online
  • Excellent customer service
  • Easy and fast deposit and withdrawal
  • Charges no withdrawal and inactivity fees
  • Requires no minimum deposit
  • More than 1200 trading tools
  • Pepperstone offers excellent instructional resources. You can watch instructional videos, participate in webinars, and use demo accounts.

Cons

  • limited options for passive trading
  • Customer Support is only available 24/5.
  • offered mostly as CFDs
  • Has Basic MetaTrader platform
  • On the website, there aren’t many analytical resources. Connecting to trade signals is the only approach to deal with this problem

Spreads

spread on Standard or Razor accounts, where, for instance, the EUR/USD minimum spread starts at 0 pip and overages are typically between 0.17 and 0.77 pip. The costs of cryptocurrencies are also favorable; Bitcoin spreads start at $10, Ethereum at $4, and Litecoin at $3. Opening a spread betting account with Pepperstone is quick and straightforward. With online spread betting, one can utilize its quick application method to apply in a few minutes.

Reliability

The Australian Securities and Investments Commission and the UK Financial Conduct Authority control the company. This statistic demonstrates Pepperstone’s reliability. Additionally, it holds an Australian Financial Services Licence, indicating that it offers low-risk forex.

Pepperstone offers the opportunity to auto copy trades, which can produce a decent passive income for everyone and pique novice traders’ curiosity even with limited trading expertise. The broker offers trade execution that begins at a latency of 50 ms, settles instantly, and is free of delays, rejects, or requotes. Of course, the price structure is terrific and highly competitive with reliable trading software.