Pepperstone is a forex broker that is based in Australia. As you will see in this Pepperstone review, the broker offers CFDs, too, and is known for opening an office in London to better serve its clients in Europe. Plenty of new clients that registered after Brexit have been served by the broker’s German and Cyprus offices. Overall, the image of the company is good and is considered safe because of its regulation. In the parts of the Pepperstone forex broker review below, we are showing you more details you need to know about the company.
For those of you who don’t know, Pepperstone is regulated by seven different authorities, including three top-tier financial authorities like the UK’s Financial Conduct Authority (FCA), the BaFin in Germany, as well as the Australian Securities and Investments Commission (ASIC).
The CFD trading at Pepperstone is solid, despite the complex nature of the instruments. There is a high risk of losing money due to leverage, which is why the majority of retail investor accounts are careful. If you are reading this Pepperstone broker review hoping to learn more about the broker and CFDs, know that you need a bit of knowledge and skill to afford and take the high risk of losing your money.
Pepperstone Broker Review: What’s It All About
Opening an account on Pepperstone is a relatively quick process which is straightforward without too many hurdles. It is completely digital, and the features are user-friendly. On the negative side, there are only forex, crypto, and CFDs and the MetaTrader platform for trading, which is rather basic.
Another thing worth noting is the low forex and non-trading fees, which make this broker attractive for beginner traders. There are no inactivity or account fees, but the CFD financing rates are high for a few assets. Below is a detailed Pepperstone review with all of its features.
Country of regulation
UK, Germany, Cyprus, Australia, United Arab Emirates, Bahamas, Kenya
Trading fees class
Inactivity fee charged
Withdrawal fee amount
Time to open an account
Deposit with bank card
Depositing with electronic wallet
Number of base currencies supported
Demo account provided
Forex, CFD, Crypto
For instance, you can safely trade the S&P 500 CFD, Europe 50 CFD, EURUSD assets with low fees, especially with the higher tier accounts. Compared to other brokers, this one is impressive – and in our Pepperstone forex broker review, the company scores well. Now, let’s talk more about the forex fees on the platform.
The company also provides tools that help you master trading and increase the efficiency of all trades. Overall, it is suitable for both beginner and experienced traders, having everything you need for comfortable trading, such as favorable conditions, reliability, plenty of trading instruments, plus a great educational section.
Pepperstone Forex Broker Review: Fees & Structure
The forex fees at Pepperstone show that there are low fees compared to multiple other brokers. For instance, the FX commission per lot is $3.50 per lot per trade, while the fee on a EURUSD spread is 0.8. Similarly, AUDUSD spreads have a fee of 0.2, and GBPUSD spreads are at 0.4, showing that the fees for forex pairs are a bit higher compared to the best forex brokers out there. A EURCHF spread has a fee of 0.7 that is too much compared to its competitors, similar to the EURGBP spread at 0.4.
Also, fees are charged through commissions and spreads, where the commission varies depending on the trading platform used. Therefore, our Pepperstone broker review shows that the commission for opening and closing $100,000 positions is $7 for MetaTrader 4 and MetaTrader 5, as well as $6 for cTrader.
What About Stock Index CFD & Stock CFD Fees?
Similar to forex, the Pepprstone review shows that the fees for CFD are relatively low and very similar to main competitors such as Axi and IC Markets. The fees are low, if not identical, to the offering of these rivals in the CFD space. Plus, equity index CFD fees are built into the spreads, and the leverage is 2:1 for crypto and up to 20:1 for commodities, depending on the specific instrument.
The non-trading fees are also low – withdrawal is free for credit/debit cards and e-wallets, except for Skrill and Neteller. Australian clients also benefit free withdrawals with bank transfers; however, other countries charge from $20 per transfer.
So, Is Pepperstone A Scam?
No. Pepperstone is not a scam. In fact, it is a reliable broker that offers CFDs, crypto, and forex pairs and a website where you can open an account fast with no limits set on your first deposit. The broker accepts customers from all over the world, and our Pepperstone forex broker reviews part above showed why it is especially good for interested traders.
Pepperstone is a forex broker that is based in Australia. The broker offers CFDs, too, and is known for opening an office in London to better serve its clients in Europe. Plenty of new clients thar registered after Brexit have been served by the broker’s German and Cyprus offices. Overall, the image of the company is good and is considered safe because of its regulation.
- Opening an account is very quick
- No paperwork or signing required
- Great customer service
- Seamless and free deposit and withdrawal
- The MetaTrader platform is somehow basic
- CFDs are the only interesting pairs offered
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