Pepperstone is an Australian-based brokerage that started its operations in 2010. They are regulated by the ASIC and offer a selection of trading platforms that come with advanced tools and value-added features.
You can choose from more than 10 platforms and this will give you the convenience of being able to trade whenever and wherever you want to. They offer the MetaTrader4 which has been developed by MetaQuotes Software and the cTrader from Spotware Systems.
Friendly for traders
The interface doesn’t have any complicated menus or controls and is very easy to understand. Even a novice user will be able to utilize the platform with ease.
Min account size
The accepted minimum account size is AU$200. It’s not the lowest in the market but rather on the average range.
Min Lot size
Micro lot trading is allowed with a minimum placement of 0.01. This is basically the same minimum lot size that is followed by most brokers.
# Of Tradable Assets
More than 70 instruments can be traded and this includes forex, indices, precious metals, energy, soft commodities and even the popular Bitcoin cryptocurrency.
The leverage for trading ranges from 1:1 to 1:500. That means you can invest with a maximum multiplier of 500 with your open positions.
Spread on EUR/USD
Their spreads are very competitive and can reach an ultra-low of 0 pips on major pairs such as the EURUSD.
Various methods of payment are accepted by this broker. You can use credit or debit cards, Paypal, PoLi, China Union Pay, Bank Transfer (Domestic & International), BPay, Skrill, Neteller, Qiwi, Fasapay and even broker to broker.
Reputation Among Traders
Their reputation remains untarnished in particularly in Australia where they are known to be an award-winning brokerage that offers institutional grade trading conditions.
The prices of the instruments shown by their platforms are synchronized with real-time market data based on our tests. Order executions were also fast even if the market is highly volatile.
There’s a trading simulator which is only valid for 8 days but if you open an account with them, you’ll be able to enjoy the free demo account with a lifetime access.
A 30-day demo trading account loaded with a virtual fund of AU$50,000 can be used for familiarizing yourself with the platform and doing test trades.
Pepperstone Group Limited is locally licensed and regulated by the Australian Securities and Investments Commission (ASIC).
They can be reached via an Australian phone support, email and live chat. Best of all, they are very accommodating and provide excellent customer service quality.
Pepperstone is basically an online forex and CFD service provider that is complete with all the necessary features that are needed for trading. The low-cost pricing, excellent trading conditions, fast order execution and personalized customer service are just some of the many reasons why you should consider trading with this highly reputable and award-winning brokerage.
The total score that they received based on our objective scoring system is 91/100.
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