Pepperstone Review 2023
Forex brokers are similar to air in your trading life; the cleaner it is, the better it is for your trading health. Even expert Forex traders are unable to open accounts with multiple Forex brokers and evaluate them one by one, nor are they interested in it. As a result, for traders, our research team of experienced Forex traders is dedicated to rigorously evaluating Forex brokers. Check out our detailed IC Markets review in 2023!
ADVANCED TRADING TOOLS
TRUE ECN/STP BROKER
AWARD WINNING BROKER
Why Pepperstone is the best ECN/STP Forex broker in 2023?
- Pepperstone is Regulated by ASIC (Australia) & FCA (UK). Australia – ACN – 147 055 703. UK – FRN 684312.
- Offers Value Added Trading Tools for Traders – Smart Trading Tool | Autochartist | Myfxbook Autotrade | ZuluTrade | Robox | MAM/PAMM | Market Analysis | Dupli Trade | Mirror Trade and many more.
- Pepperstone won several Industry Awards.
- True ECN/STP Order Execution.
- Excellent Online Reputation – 3.4/5 Rating & 222 Reviews at ForexPeaceArmy; 8/10 Rating and 350 Reviews at Trustpilot.
- Excellent Trading Conditions – Spread starting from 0 Pips, Low Swap Charges, No Requotes, and Low Slippage.
- Lightning fast Execution Speed from 50 ms to 250 ms.
- Fund Security by Segregation of Clients Account with a reputed National Australia Bank (NAB).
- Externally Audited by Ernst & Young.
- Member of Financial Ombudsman Service (FOS), an external dispute handling body.
- FIX API trading option for Institutional and Veteran Forex Traders.
- 24/5 professionally trained Live Chat Support.
- Best suitable for Beginners, Experienced and Institutional Traders.
51 Reasons to start trading with Pepperstone?
SECURITY OF FUNDS
Formal Name
Pepperstone Group Ltd.
Headquarters
Australia | Level 5, 530 Collins Street | Melbourne | VIC 3000.
Operating Since
2010
Regulation & License
Regulated by ASIC (Australia) and FCA (UK) | Australia – ACN – 147 055 703 | UK – FRN 684312.
Owner
Owen Kerr and Joe Davenport
Financial Ombudsman Service (FOS)
Member Number – 28689
Bank
Australia – National Australia Bank (NAB); UK – Barclays Bank
Segregated Accounts
Yes
Insurance by
Externally Audited by
Online Reputation
ForexPeaceArmy – 3.6/5 Rating and 360 Reviews; Trustpilot – 4.6 Rating and 1201 Reviews.
Award Winning Broker
Investment Trends Winner (2017 & 2016), Entrepreneur of the Year (Ernst & Young), Deloitte Technology Fast 50 Award (2013).
TRADING CONDITIONS
Trading Volume
340 Billion USD
Spread
EURUSD – 0.1 Pips | EURGBP – 0.4 Pips | GBPJPY – 0.8 Pips | Gold (XAUUSD) – 12 Pips
Leverage
From 1:30 to 1:500
Order Execution Speed
50 ms to 250 ms
ECN Commission
$7 (100K Round Turn)
Transaction Cost of 100K Trade
$8 to $12 (EURUSD)
Overnight Swap Charges for 100K
EURUSD – Long ($ -10.32) | Short ($ 5.76)
Margin Call | Stop out
Margin Call at 90% | Stop out level at 20%
Slippage
< 10 Pips (during normal market hours)
Requotes
No
Scalping | Hedging | EA Trading
Allowed
FIFO Rule
No
Order Execution
ECN/STP Execution | No Dealing Desk (NDD) | Direct Markets Access (DMA) | Market Execution
Max. Lot Size
100 Lots
Max. Number of Orders
200 Orders
Margin on Hedged Positions
0%
Average Weekend Gap (EURUSD)
8.6 Pips
FIX API Trading
Available
TRADING PLATFORM & INSTRUMENTS
Trading Platforms
MT4 Desktop, MT4 Mac, MT5 Desktop, Webtrader, MT4 Mobile (iOS & Android), cTrader, cTrader Web, cTrader cAlgo, cTrader Mobile
Range of Markets ↓
Number of Trading Instruments
Forex
59
Indices
14
Cryptocurrencies
Bitcoin | Bitcoin Cash | Ethereum | Dash | Litecoin
Commodities
2
Precious Metals
Gold | Silver | Platinum | Palladium
Energies
Oil and Gas
Soft Commodities
Coffee | Cocoa | Sugar | Cotton | Orange Juice
DEPOSIT & WITHDRAWAL
Min. Deposit
200 USD or equivalent in other currencies.
Account Currencies
AUD | USD | EUR | CAD | GBP | CHF | JPY | NZD | CAD | SGD | HKD
Deposit and Withdrawal Methods
Visa & Master Card | Bank Wire Transfer | Skrill | Neteller | Paypal | European Local Bank Transfer | Other Local Funding Methods | Fasapay | Poli | Bpay | China Union Pay | Qiwi | Broker to Broker Transfer
Deposit Fee
Zero
Withdrawal Fee
Depends on Withdrawal Method
Withdrawal Time
Depends on Withdrawal Method
OTHER IMPORTANT FEATURES
Smart Trader’s Tools
Smart Trading Apps | Autochartist | Myfxbook AutoTrade | Zulu Trade | Dupli Trade | Mirror Trade | Robox | MT4 Signals | FIX API Trading | MAM/PAMM | Market Analysis | VPS (Virtual Private Server)
Live Chat Support
24*5 Professionally trained Live Chat Support
Support Languages
English | Chinese | Arabic | Thai | Spanish
Promotions
Free VPS
Islamic Account
Yes
Accepts US Clients
No
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