Pepperstone Glassdoor | BH AUD

Pepperstone still provides leverage of 1:500 for the authorized pro clients. Pepperstone Glassdoor… which you can benefit from. Make sure to find out deeply about leverage and how to use it smartly, as an increase of your trading size might play a considerable role in your either potential income or looses.

Because 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, commodities and even cryptocurrencies.

A minimum opening deposit of 200 units in the base currency helps new traders enter into the game, underpinned by take advantage of levels as high as 500:1. The business is regulated in the U.K. and signed up with the Financial Conduct Authority (FCA # 684312) in addition to the Australian Securities and Investments Commission (ASIC # 147055703). Like numerous forex brokers, Pepperstone does decline U.S. traders.

Client accounts are segregated from company funds, offering an extra layer of security in a market that is prone to turbulent durations. Support alternatives are plentiful, highlighted by 24/5 chat/phone support and a functional FAQ that consists of clearly mentioned policies on deposits, withdrawals, and trade disputes.

Various desktop, mobile, and web-based platforms, an industry-standard product brochure, above typical educational resources, tight spreads, and multiple account types all integrate to provide a trading experience that will appeal to beginner and professional traders alike.

Pepperstone promotes minimum FX spreads beginning with one pip however no commission for the “Requirement” account, or zero spread however with commission for the “Razor” account. This is very competitive in the retail FX brokerage area.
Pepperstone is regulated by the Financial Conduct Authority (FCA # 684312) which is among the primary regulatory agencies in the U.K. and is extremely concerned globally for being strict in guaranteeing that market practices are reasonable for both services and people. Basically, being managed by a reliable government-backed company goes a long way towards developing the reliability of a firm. Traders accept the danger that is inherent in markets but they would like the comfort understanding that their funds are not subject to dangers outside of the ones that they are taking, such as counter-party risk. In addition, all customer funds are held at Tier 1 banks.
Pepperstone provides “negative balance protection” but only for its U.K. clients. This has actually become a fairly crucial feature that most online brokers are providing these days. The driver was most likely the SNB event of January 15, 2015 that roiled the markets, specifically the extremely leveraged retail FX market.

Pepperstone provides clients the option between MetaTrader 4/5 and cTrader, a higher-end system with direct liquidity-provider rates and advanced technical functions that consist of detachable charts, back-testing, and algorithmic technique support.

Pepperstone’s expenses are extremely competitive within the online brokerage industry. New clients can choose in between the “Standard” account with minimum FX spreads beginning with one pip but no commission, or the “Razor” account with minimum FX spreads starting from absolutely no pips however with commission added. The other instruments used by Pepperstone all have either straight spreads or some mix of spread plus commission.

For example, 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 Standard account is 1.13 pips, all in. The average spread cost with an MT5 Razor represent a completed (purchase & sell) EUR100,000 trade, where the base currency is euro, would be 0.13 pips + EUR5.23 commission. This would equate to an overall spread expense of 0.653 pips.