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Pepperstone Trading Review
For those in the Foreign Exchange Market, they might have heard about Pepperstone for sure. Pepperstone is an ECN Broker, which means that the firm is a financial expert using Electronic Communication Network or ECNs for offering direct access to the clients and other partakers in the currency markets.
The company is based in Australia and was established in the year 2010. Pepperstone is structured by the Australian Securities & Investments Commission. The firm holds the pride of being an ideal not desk broker that encompasses different styles of trading.
Pepperstone Trading Accounts
The account types offered by Pepperstone are made to accommodate the different kinds of investors. They offer four different account options to choose from. They are the active trader, Islamic, Razor and Standard accounts. There are differences in the hedging, EA, Scalping, commissions, size of trade and Pepperstone spreads between these Pepperstone account types. Also, the company has kept a reasonable amount as minimum deposit at $200.
Pepperstone Trading Demo Account
Pepperstone demo account is available and free for all, To open Pepperstone demo account you just need to sign up with the broker’s website and receive free instruction by email.
Pepperstone Trading Platform Download
Pepperstone offers its customers with a choice of 3 platforms: cTrader, MT4 and MT5. The industry standard Pepperstone mt4 download is available for Mac, iPhone, iPad, Android and tablet. Also, a web-based MT4 version is provided, called WebTrader. A web version of the cTrader platform is also provided, along with such for mobile devices.
Pepperstone Trading spreads and commissions
As respects the Pepperstone spreads provided, the average ones amount to 0.2 pips for the Edge Razor account and 1.2 pips on the EUR/USD for the Edge Standard account.
Pepperstone Trading Leverage
As for leverage, the maximum leverage providing by Pepperstone is 500:1. This is measured to be a high leverage particularly bearing in mind in numerous countries there are limits on leverage, far lesser than this. For example the maximum leverage permitted in Japan is limited to 25:1 and in US is 50:1.
Pepperstone Trading Deposits/Withdrawals
Traders can deposit on their account through debit and through credit cards. Further, they also have the option to choose bank transfers. In addition, there is a huge list of varied online payment programs offered by Peppertsone. Some of them include Skrill, Qiwi, WebMoney, and Neteller.
Traders can withdraw their trading profits using the online withdrawal form on offer at Pepperstone. In general, traders choosing to withdraw through bank wire transfer will have to wait for 3-5 working days for the funds to reach their account. In case, an account is funded using a credit card the Pepperstone withdrawal request is processed within a 2-month period. In this case, the withdrawal should happen through a refund back to the same credit card.
Pepperstone Trading Deposit Fees
The broker does not charge any fees for deposits but if you depsoit with Standard Credit / Debit Card deposits incur a 1.8% fee for AUD deposits and a 3% fee for all other currencies. The Qiwi funding method incurs a 3%.
Pepperstone Trading Withdrawal Fees
There are no Pepperstone withdrawal fees for withdrawals through MasterCard or Visa SecureCode. In the case of withdrawal through PayPal, the latter charges a 3% fee for the withdrawal amounts over the original amount deposited.
Pepperstone Trading minimum deposit
The broker’s customers can start trading with 200 AUD or equal as a Pepperstone minimum deposit. For example, ThinkForex, another Australian based broker, necessitates $ 250 minimum initial deposit and provides average spreads amounting to 1.2 pips, whereas AvaTrade, also head office in Australia, necessitates just 100 dollars to start with and regular floating spreads amounting to 1.8 pips on the EUR/USD.
Pepperstone Trading Hours
The Pepperstone Trading hours start from early Monday throw Friday 24 hours 5 days a week.
Pepperstone Trading Regulation and license
Many people have the question is Pepperstone legit? Yes, the legitimacy of the service can be understood from the fact that the firm is licensed by different financial service regulators based on the country of their operation. Here are the details in this regard:
- In Australia, the company is structured by the ASIC Australia. The Australian Financial Services Licence number of the company is 414530.
- In the case of United Kingdom, the Pepperstone Limited is structured by the United Kingdom Financial Conduct Authority. The license number is 684312.
Is Pepperstone ECN Trading Broker?
For those asking is Pepperstone an ECN trading broker? The answer is of course yes. The company is a true ECN Broker. The brokerage firm permits Forex trading without the intervention of any dealer via their Razor Account.
Pepperstone Trading review
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