Pepperstone is an Australian forex broker offering CFDs. It was established in 2010 and in 2015 it opened offices in London to better serve their European clients. Pepperstone is considered safe as it is regulated by top regulators such as the UK FCA and the Australian ASIC. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Pepperstone has low trading fees and average non-trading fees. It has no inactivity fee.
- No inactivity fee
- Transparent fee structure
- Low trading fees
- Withdrawal fee
Pepperstone account opening is great.
It is fully digital and user-friendly.
- Account opening fully digital
- Many account types
- 200$ minimum deposit for Standard Account
- It can take 4-5 business days
Can you open an account?
Pepperstone accepts customers from all around the world.
There a few exceptions, most notables are US, Canada, New Zealand, and Japan.
There are three account types at Pepperstone:
- Swap-free, also known an interest-free account
DEPOSIT AND WITHDRAWAL
Pepperstone offers a lot of deposit options and it is user-friendly.
- Free bank and electronic wallets deposit
- Free credit and debit cards withdrawal
- Withdrawal fee
Account base currencies
There are nine base currencies at Oanda: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD.
This is a great offer and more than the average. E.g. Oanda offers eight, while FXCM offers seven base currencies.
You can fund your account in the same currency as your bank account, currency conversion fees won’t be charged.
Deposit fees and options
Pepperstone deposit is free for bank transfer and electronic wallets.
However, credit/debit card deposit fees are 3%. Except for the Australian dollar, which is 1.8%.
You will find a lot of deposit options at Pepperstone. It can differ country by country.
- Bank transfer
- Credit/Debit Cards
- China Union Pay
- Broker to Broker transfer
WEB TRADING PLATFORM
Pepperstone offers only third-party trading platforms. We tested cTrader which is a great platform. It is well designed and user-friendly.
- Two-step (safe) login
- Good search function
- Good customizability (for chart, for workspace)
- No two-step (safe) login
Pepperstone customer service is great. You can reach them in many ways and you will get fast and relevant answers. It does not operate on the weekends.
- Live chat available
- Fast support
- Relevant answers
- Available in local languages
Pepperstone is regulated by top-tiers regulators, like the FCA in the UK. On the flip side, it doesn’t disclose its financial information.
- Regulated by top tier financial authority
- High amount of account protection
- Negative balance protection available
- Not listed on stock exchange
- Limited disclosed financial information
Pepperstone is a good FX and CFD broker.
The customer service is great, you will get relevant answers within a short time.
Account opening is very easy with no minimum deposits. Pepperstone only offers FX and some CFDs.
The research and education can be improved, there are not a lot of tools and options.
Feel free to try Pepperstone. There is no inactivity fee and minimum deposit for standard accounts.