Pepperstone still uses leverage of 1:500 for the authorized professional clients. Pepperstone Forex Leverage… which you can benefit from. Yet, make sure to discover deeply about leverage and how to use it wisely, as a boost of your trading size might play a significant role in your either possible earnings or looses as well.
Given that opening its doors in 2010, Pepperstone Group has emerged as a top-tier player in the online brokerage landscape, building a extremely competitive and full-featured trading portal that focuses on forex, shares, indices, metals, products and even cryptocurrencies.
A minimum opening deposit of 200 units in the base currency helps brand-new traders enter the game, underpinned by leverage levels as high as 500:1. The company is managed in the U.K. and signed up with the Financial Conduct Authority (FCA # 684312) along with the Australian Securities and Investments Commission (ASIC # 147055703). Like lots of forex brokers, Pepperstone does decline U.S. traders.
Client accounts are segregated from company funds, providing an extra layer of security in an industry that is prone to unstable durations. Support alternatives are plentiful, highlighted by 24/5 chat/phone assistance and a functional FAQ that consists of clearly specified policies on deposits, withdrawals, and trade disputes.
Many desktop, mobile, and web-based platforms, an industry-standard item brochure, above average instructional resources, tight spreads, and numerous account types all combine to provide a trading experience that will appeal to beginner and expert traders alike.
Pepperstone promotes minimum FX spreads starting from one pip however no commission for the “Standard” account, or no spread but with commission for the “Razor” account. This is extremely competitive in the retail FX brokerage space.
Pepperstone is regulated by the Financial Conduct Authority (FCA # 684312) which is among the main regulatory agencies in the U.K. and is extremely concerned worldwide for being stringent in ensuring that market practices are fair for both individuals and companies. Basically, being managed by a reliable government-backed company goes a long way towards developing the credibility of a firm. Traders accept the threat that is inherent in markets however they would like the peace of mind knowing that their funds are not subject to dangers outside of the ones that they are taking, such as counter-party threat. Furthermore, all customer funds are held at Tier 1 banks.
Pepperstone provides “negative balance security” however only for its U.K. customers. This has actually become a fairly important feature that many online brokers are using these days. The driver was most likely the SNB event of January 15, 2015 that roiled the markets, specifically the highly leveraged retail FX market.
Pepperstone uses customers the option between MetaTrader 4/5 and cTrader, a higher-end system with direct liquidity-provider rates and advanced technical functions that consist of removable charts, back-testing, and algorithmic method assistance.
Pepperstone’s expenses are extremely competitive within the online brokerage market. New customers can pick in between the “Requirement” account with minimum FX spreads beginning with one pip however no commission, or the “Razor” account with minimum FX spreads beginning with zero pips but with commission added. The other instruments offered by Pepperstone all have either straight spreads or some combination of spread plus commission.
For instance, the broker promotes that the typical spread for EUR/USD on Razor is 0.13 pips and a commission will be added on to that. The average spread for the Requirement account is 1.13 pips, all in. The average spread cost with an MT5 Razor represent a finished (sell & purchase) EUR100,000 trade, where the base currency is euro, would be 0.13 pips + EUR5.23 commission. This would equate to an overall spread cost of 0.653 pips.