Pepperstone Trustpilot | BH AUD

Pepperstone still offers leverage of 1:500 for the approved pro customers. Pepperstone Trustpilot… which you can take advantage of. Yet, make certain to learn deeply about leverage and how to use it wisely, as a boost of your trading size might play a considerable role in your either prospective income or looses as well.

Considering that opening its doors in 2010, Pepperstone Group has emerged as a top-tier player in the online brokerage landscape, constructing a highly competitive and full-featured trading portal that focuses on forex, shares, indices, metals, products and even cryptocurrencies.

A minimum opening deposit of 200 systems in the base currency helps new traders enter the game, underpinned by leverage levels as high as 500:1. The company is controlled in the U.K. and registered with the Financial Conduct Authority (FCA # 684312) along with the Australian Securities and Investments Commission (ASIC # 147055703). Like numerous forex brokers, Pepperstone does not accept U.S. traders.

Customer accounts are segregated from company funds, offering an additional layer of security in an industry that is prone to turbulent durations. Support options abound, highlighted by 24/5 chat/phone support and a functional frequently asked question that consists of clearly specified policies on deposits, withdrawals, and trade disputes.

Various desktop, mobile, and web-based platforms, an industry-standard product catalog, above typical academic resources, tight spreads, and several account types all integrate to offer a trading experience that will appeal to amateur and professional traders alike.

Pepperstone promotes minimum FX spreads starting from one pip but no commission for the “Requirement” account, or absolutely no spread but with commission for the “Razor” account. This is extremely 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 regarded globally for being strict in making sure that market practices are reasonable for both people and businesses. Furthermore, all client funds are held at Tier 1 banks.
Pepperstone provides “negative balance protection” however only for its U.K. clients. This has actually become a relatively crucial function that a lot of online brokers are offering nowadays. The catalyst was probably the SNB occasion of January 15, 2015 that roiled the markets, especially the extremely leveraged retail FX market.

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

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

For instance, the broker markets that the average 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 account for a completed (offer & buy) 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.