Pepperstone still provides leverage of 1:500 for the approved pro customers. Pepperstone Razor Vs Standard… which you can benefit from. Yet, make sure to learn deeply about leverage and how to utilize it wisely, as an increase of your trading size might play a significant role in your either prospective income or looses too.
Given that opening its doors in 2010, Pepperstone Group has emerged as a top-tier gamer in the online brokerage landscape, constructing a full-featured and extremely competitive trading website that concentrates on forex, shares, indices, metals, products and even cryptocurrencies.
A minimum opening deposit of 200 units in the base currency helps brand-new traders get into the game, underpinned by leverage levels as high as 500:1. The company is regulated in the U.K. and registered with the Financial Conduct Authority (FCA # 684312) in addition to the Australian Securities and Investments Commission (ASIC # 147055703). Like lots of forex brokers, Pepperstone does not accept U.S. traders.
Customer accounts are segregated from business funds, offering an extra layer of security in an industry that is prone to unstable periods. Support alternatives abound, highlighted by 24/5 chat/phone assistance and a practical frequently asked question that consists of plainly specified policies on deposits, withdrawals, and trade conflicts.
Various desktop, mobile, and web-based platforms, an industry-standard product brochure, above average academic resources, tight spreads, and several account types all combine to provide a trading experience that will appeal to newbie and expert traders alike.
Pepperstone promotes minimum FX spreads beginning with one pip but no commission for the “Requirement” account, or no spread however with commission for the “Razor” account. This is very competitive in the retail FX brokerage space.
Pepperstone is controlled by the Financial Conduct Authority (FCA # 684312) which is one of the primary regulatory firms in the U.K. and is highly related to worldwide for being rigorous in guaranteeing that market practices are reasonable for both businesses and people. In addition, all client funds are held at Tier 1 banks.
Pepperstone uses “negative balance protection” however just for its U.K. clients. This has actually ended up being a fairly important feature that many online brokers are providing these days. The driver was more than likely the SNB event of January 15, 2015 that roiled the markets, especially the extremely leveraged retail FX market.
Pepperstone provides clients the choice between MetaTrader 4/5 and cTrader, a higher-end system with direct liquidity-provider rates and advanced technical functions that include removable charts, back-testing, and algorithmic strategy support.
Pepperstone’s expenses are extremely competitive within the online brokerage market. New clients can pick in between the “Standard” account with minimum FX spreads starting from one pip however no commission, or the “Razor” account with minimum FX spreads beginning with absolutely no pips but with commission included. The other instruments provided by Pepperstone all have either straight spreads or some mix of spread plus commission.
The average spread for the Standard account is 1.13 pips, all in. The typical spread expense with an MT5 Razor account for a completed (purchase & offer) EUR100,000 trade, where the base currency is euro, would be 0.13 pips + EUR5.23 commission.