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Pepperstone Review Australia

 

 

 

 

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  • Fantastic trading platforms
  • Variety of tradable assets
  • Great Customer Service

76.5% of retail CFD accounts lose money. Therefore, consider whether you can spare the money and never invest money you need.

Cons

  • No bonuses available
  • Not available in Dutch
Broker Pepperstone
Website URL Https://www.pepperstone.com
Established 2010
Headquarters Australia
Support Number +44 (800) 0465473
Support Types Telephone, Email, FAQ
Languages English, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, Lao, German, Polish
Trading Platform Demo Account, Trading Account
Minimum 1st Deposit € 100
Leverage 500: 1
Free Demo Account No.
Regulated Yes
Regulated ASiC, FCA
Overall Score


Pepperstone is one of the best known brokers among the serious traders in the market. The platform has been around since 2010 and this broker comes from Australia, but the website can be used in many different languages. Dutch is not (yet) part of this. Pepperstone is licensed by both the ASiC and FCA making it an immediate reliable partner for people who want to trade from Europe. The minimum initial deposit is $ 100, which is less than the minimum deposit requirement of most brokers. However, the leverage here is a maximum of 1: 500, which makes huge positions possible without directly investing a huge amount.

Pepperstone is suitable for novice traders and experts. This is mainly due to the possibilities on the platform, the support offered for software, but also the deposit options, Islamic accounts and the demo account ensure popularity.

Pepperstone types of trading accounts

Roughly speaking, there are three different types of accounts available at Pepperstone. The first is the demo account. This is a free account that does not require any money to be deposited. You can open a demo account right away – all you need is a valid email address. This way you can get acquainted with the Pepperstone web trader and you can immediately see which markets are offered.

The second account is a standard trading account, also known as a live account. A deposit is required for this. You can immediately use the platform and open positions. Of course you can also continue to use the demo account: at the top of the screen you can constantly switch back and forth between your live account and the demo account.
As mentioned earlier, Pepperstone is also suitable for professional traders. If you want to qualify for this, you must meet at least 2 of the 3 requirements set by the FCA.

You must have a trading portfolio of at least € 500,000; you must have worked professionally in the financial world; you must have opened at least 10 transactions over € 50,000 in the last quarter. As a professional trader you will get another account with more benefits. So you can trade here with leverage up to 1: 500 and pay 43% less commission. Professional customers cannot take advantage of the negative balance protection. Normal customers can do this.

Pepperstone trading platforms

Pepperstone has become extremely popular because it supports 11 different platforms. This also includes MetaTrader 4, but also cTrader and MetaTrader 5 are supported on Pepperstone’s platform. It doesn’t stop there, of course. You can also trade at Pepperstone via mobile phones and other mobile devices. If you have no experience with certain trading platforms, we recommend that you just first look at Pepperstone’s web trader itself. It works in the browser and is easy to use. If you want to take a look at the possibilities before opening real positions, the Pepperstone demo account is recommended. Here you can trade without real investment (and without real winnings, of course).

On all trading platforms you can immediately start trading with Forex, which makes up the majority of the offer. It is also possible to trade in cryptocurrencies with a maximum leverage of 1: 5 for professional traders – and 1: 2 for the normal trader. Hedging and scalping are both allowed at Pepperstone. If you want to be able to choose more assets, you will also find gold, silver, gold, oil, palladium, platinum and more instruments directly from the menu. You can always make adjustments to the platform. Especially if you want to use MetaTrader 4 or MetaTrader 5, it can be interesting to install add-ons that can make trading easier. Pepperstone’s web trader is also easy to use and adapt. This platform is used daily by thousands of people all over the world.

Pepperstone Bonuses and Promotions

As a regulated and serious broker, Pepperstone does not offer bonuses to people who open an account or those who have had an account for a long time. However, there are certain Pepperstone bonuses that make it interesting to create an account with this STP broker. Such as the more than 70 financial instruments that can be traded. Or the 11 platforms that are supported, including for the demo account at Pepperstone. Another huge bonus is that the minimum deposit is only € 100. We must add that it is wise to deposit double that. This makes it a lot easier to actively engage in risk management. With a deposit of € 100 this becomes very difficult.

Claim Bonus

A bonus that we do not find with all brokers is that Pepperstone has a guarantee with regard to liquidity. We cooperate with numerous tier1 banks in order to always be able to pay out the profits made. Even when they suddenly turn out much higher than expected.

Pepperstone: Depositing and Withdrawing Money

Depositing and withdrawing money is often a logical and easy process. Since Pepperstone is based in Australia, you may feel that this is much more difficult with this broker. However, that is not the case. There are deposit options such as China UnionPay and QIWI that you probably cannot use, but providers such as PayPal, credit card payments, Neteller and bank transfers are also possible with this provider. So you can simply deposit money in the ways you are used to.

You can request payments via the same route. Before the money can be transferred to your account, Pepperstone must have various papers. You must send at least a copy of a valid ID, along with proof of address. This can be a recent electricity bill or another recent bill that shows your full name and address. This is not unique to Pepperstone. It has to do with European legislation on money laundering and fraud. All serious brokers require these papers before making any withdrawals. If you want to trade with multiple brokers, it is wise to prepare these papers in advance and save them on your desktop so that you can always send the required documents immediately when necessary.

Pepperstone customer service

Pepperstone’s popularity is immediately apparent when you consider customer service. There are no fewer than five offices around the world where you can drop by immediately with all your questions. Unfortunately there is no office in the Netherlands: the office closest to the Netherlands is London. Fortunately, there is also a live chat, you can call customer service directly and you can send an email. The professionalism of the customer service is a great advantage. You will always receive quick, friendly and professional help. The support is also available 24 hours a day, so that you can really always open positions – even when you encounter a problem.

Pepperstone’s customer service has been nominated for major awards several times. And speaking of prizes, Pepperstone’s trophy cabinet is impressive. Unlike other brokers who win awards from insignificant websites, at Pepperstone you will find awards presented by Deloitte, the Victoria Export Awards and the FX Report from Australia. For a relatively young company from Australia, the number of prizes is enormous, especially when looking at which body or company has awarded the prize. This immediately ensures that you know that customer service and support are all right here.

Conclusion

Pepperstone is one of the better brokers on the internet. Pepperstone is active all over the world and has a platform that has been successful since 2010. This broker has useful advantages for people who really want to trade. The collaboration with major banks, the licenses that Pepperstone has and the support for all platforms is a strong bonus. A practical advantage of Pepperstone as a broker is that all people can go here: institutional investors, investors and professional traders.

If you have less experience with trading or want to get to know the platform first, you can immediately use the demo account that is offered free of charge to all traders. Even if you already have an account with Pepperstone.

Choosing a broker is very important. Especially when you want to trade successfully on the financial markets. Forex, CFDs, Gold, Silver, Cryptocurrencies (including hedging), Oil, Gas, Platinum, Palladium and more assets are readily available on the many platforms that you can use right from your computer and mobile device.

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CFD service. 76.5% lose money.

Also read:

Pepperstone Review: Best Forex Broker?

 

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