Summary

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

FEES

Pepperstone has low trading fees and average non-trading fees. It has no inactivity fee.

Pro

  • No inactivity fee
  • Transparent fee structure
  • Low trading fees

Cons

  • Withdrawal fee

ACCOUNT OPENING

Pepperstone account opening is great.
It is fully digital and user-friendly. 

Pro​

  • Account opening fully digital
  • User-friendly
  • Many account types
  • 200$ minimum deposit for Standard Account

Cons

  • 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.

Account Types

There are three account types at Pepperstone:

  • Standard
  • Razor
  • Swap-free, also known an interest-free account

DEPOSIT AND WITHDRAWAL

Pepperstone offers a lot of deposit options and it is user-friendly. 

Pro

  • User-friendly
  • Free bank and electronic wallets deposit
  • Free credit and debit cards withdrawal

Cons

  • 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
  • PayPal
  • Poli
  • China Union Pay
  • BPay
  • Skrill
  • Neteller
  • Qiwi
  • Fasapay
  • 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. 

Pro

  • Two-step (safe) login
  • Good search function
  • Good customizability (for chart, for workspace)
  • User-friendly

Cons

  • No two-step (safe) login

CUSTOMER SERVICE

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.

Pro

  • Live chat available
  • Fast support
  • Relevant answers
  • Available in local languages

Cons

None

SAFETY

Pepperstone is regulated by top-tiers regulators, like the FCA in the UK. On the flip side, it doesn’t disclose its financial information.

Pro

  • Regulated by top tier financial authority
  • High amount of account protection
  • Negative balance protection available

Cons

  • Not listed on stock exchange
  • Limited disclosed financial information

BOTTOM LINE

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. 

Disclaimer:
By trading with securities you are taking a high degree of risk. You can lose all of your invested money. You should start trading only if you are aware of this risk. ProperBrokers.com is not providing any investment advice, we only help you find the best broker suitable for your needs. ProperBrokers.com is free for everyone, but earns commission from some of the brokers. We get a commission, with no additional cost for you. Please use our link to open your account and we can further provide broker reviews for free.
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