Pepperstone is an Australian online forex trading broker. The headquarter of the company located in Melbourne, as well as maintains offices in Shanghai and Dallas. It gives its services via both its personal and 3rd party online dealing podiums, like cTrader, MetaTrader 4, and a range of mobile applications.
The company is graded like of the best 10 fx brokers worldwide, based on the notional volume monthly trade. In 2013, WSJ estimated the firm generated revenues of 60 million Australian dollars per year.
The Pepperstone was established in the year 2010. They hold AFSK 414530 license legalized by Australian Securities as well as Investment Commission, ASIC.
General Information
Company Information
Owner: Pepperstone Fiscal Pty Ltd
Founded: 2010
Named: Pepperstone
Website: www.pepperstone.com
Head Office: Melbourne, Australia
Regulation: ASIC
Email ID: support@pepperstone.com
Max. Leverage 1:400
Min. Deposit: $200
Contact #. +61 3 9020 0155
Mini. Lots Volume: 1,000
Maxi. Per Trader: N/A
Mini. Trade Amount 10 dollar
Available Language: English
Trading Platform
The keystone of the system of Pepperstone trading is Metatrader software. The Pepperstone provides MetaTrade4 and MetaTrade5 platforms and the iPhone as well as standard portals of mobile trading. The firm claims to get a network of ultra-low latency and progressive technology, making their MT4 version stand despite other brokers as AvaTrade, which employ a similar trading platform. So, we were very excited to put it on test during the Pepperstone review.
While we expected the instant trade implementation, we were amazed to observe a holding era between confirmation and implementation. Although this was possibly not over three seconds, it realizes just like calm a while due to our awkward prospect. However, we were pleased to observe that trades were implemented as desired, without re-quotes that are very common with the other Forex brokers.
Pepperstone web trader offers you access to your MT4 (MetaTrader) dealing account through the website, meaning it is a web-based dealing platform. Also, such a platform is obtainable for both Live accounts and Demo accounts. Additionally, the Webtrader provides all the advantages of a downloadable MT4 trading platform.
Pepperstone platform detail overview
The Pepperstone provides many various trading platforms as per the following details:
MT4 – Design of the Pepperstone MetaTrader4 customer Terminal Platform, like that it provides the traders a spirited edge in the current speedy-paced trading environment. The platform provides live quotes, thorough news, and analytics, real-era charts, or a host of the management tools of order, professional advice, and indicators.
MT5 – The MetaTrader5 makes on the success of MetaTrader4, raising the bar of performance once again. The MetaTrader5 doesn’t replace the famous MetaTrader4. MetaTrader5 provided a separate platform for forex trading.
Physical Forex – Via this platform, Pepperstone allows the transfer of the currency abroad at exchange rates, which are far superior to those obtainable via conservative bank transfer. As the firm provides good rates on foreign exchange transactions for the business (without charges), customers stand to secure money when they have a purchase or sale employing foreign currency. Such a system is particularly beneficial to the small business that finds it hard to have success to devoted analysts and dealers.
MAM/PAMM – The platform of MAM (PAMM account) is intended to utilize cash managers. Such integrated software instrument assists in the speedy implementation of block the orders and automation of the trade allocations to accounts of customers.
WebTrader – Such platform clients have access directly to their MetaTrader4 account on a website. Customers aren’t needed to install or download any software.
Tablet or iPad/Android/iPhone – The applications of Pepperstone for android devices and Apple provides the client with simple access to the trading account of MetaTrader4. The instinctively designed cell platforms are straightforward to use and offer flexibility and features to deal actively.
The traders may download a free demo for whole platforms offered by Pepperstone.
Pepperstone EDGE technology – benefits
Fast: Improved the speed of order execution, up to twelve into faster, decreasing latency regards to the link of fiber optic connections to a server of interbank in New York. Single-click trading on MetaTrader4 for speedy placement of order.
Low latency: The EDGE directly connects to the servers of the interbank as well as to the MetaTrader server of Pepperstone. An extremely low latency decreases slippage as well as increases the speed of execution.
Lower spreads: Aggregation of multi-bank within the ECN network of New York permits Pepperstone to provide the toughest spreads in the interbank market.
Market Depth & order book: The EDGE permits you to check the depth of the market of ECN on the platform of MetaTrader4. The traders may examine the order book as well as the liquidity amount, which is available. As there’s no middle exchange for the forex market, the liquidity is disjointed around different trading locations. The EDGE unifies such locations as well as provides the depth of an unparalleled market.
Latest trading algorithms & routing: The technology of EDGE intelligently routes the orders to sense the hot spots of the market and provide the optimal rating. If the rate moves to the interest of your benefit when you’re placing an order, the technology of PPI may improve the rate in your interest.
Features
As a broker that provides both standard trading and ECN forex accounts, Pepperstone provides many features that make it show up against the expert brokerages. For beginners, the company’s ECN accounts need a less deposit of 200 dollars, whereas maximum ECN brokers, just like FxPro, need an account designate funded with less than 1000 dollars.
Pepperstone – Razor Spread Comparison video:
With changeable spreads beginning at 0.5 pips and the skill for scalping, there is no question which Pepperstone provides few of the best trading conditions obtainable. The company claims that it may provide very low spreads as its connected twenty-two main banks, as well as this splendidly can be why such Forex broker may drag it off.
The only perceptible disadvantage of brokerage is a lack of choices, but MetaTrader platforms can be a turnoff for a few traders. That despite anyone eager to deal with the MetaTrader will probably appreciate all those offers by Pepperstone.
Customer Service
However, Pepperstone does not offer client support contact numbers in many countries like some new forex brokers perform; it does provide some particular advantages. For beginners, Pepperstone publicizes its contracts of skype directly on the website; therefore, the traders who use Skype may contact them in such a way free of charge. Additionally, Pepperstone provides the online email service for form submission and distinct email IDs for seven departments so that you may send your query directly to the proper location. We emailed a general query to Pepperstone as well as got the response in twenty-five minutes.
During the review of our Pepperstone, we also make conversation with the representative many times and are over satisfied with the polite, helpful, and prompt responses we received.
Awards
The Pepperstone has graded the number twenty-three faster-rising company in Australia in Fast Starters in magazine BRW, Awards 2012. This was as well named the Best ECN Dealer Asia 2012 and Best bright platform by Forex.com.cn.
In the year 2011, the Razor account of Pepperstone was named the SMART hundred by Anthill Magazine.
Payment options – Pepperstone deposit and withdrawal
After creating the trading account with Pepperstone, customers may deposit their funds in some of the base currencies HKD, SGD, CHF, NZD, JPY, GBP, EUR, USD, and AUD. The customers may select the most appropriate methods for payment from some of the options given below:
• Visa/MasterCard – Debit/Credit Cards
• Wire Transfer
• Webmoney
• MoneyBookers or Skrill
• Broker – Broker Transfer
• Bank Transfer of Local Banks (Non-Australian)
Platinum Program
For the traders who do huge volumes, Pepperstone provides Exclusive Platinum Program. Customers who be eligible for such a program get a modified service from the devoted account manager.
Pepperstone uses the technology of SSL and encryption to ensure the security and safety of transactions. For withdrawal and deposits, they don’t levy some internal charges. They don’t accept payments from third parties.
User Friendly
The employees of Pepperstone have a lot of experience as well as provide support of live chat. They are quite a new firm, but a seasoned team of senior management has set together with the premium product at extremely competitive costs and speedily expanding around Asia with fresh offices of the local country. Pepperstone has the whole featured technologies you could request, including Android, iPad, and iPhone trading applications.
Forex dealing is not a particularly simple endeavor (or else no one will ever lose!). Despite this, Pepperstone makes this as simple as possible for the traders together to manage their accounts and successfully trade. The registration process of the account is just two pages long, as well as is finished by emailing, faxing, and scanning 2 identification forms. Because of regulation, the trading can’t start until the trader’s identification is verified – the measure that can delay the procedure, other than will protect Forex broker and trader.
Trading accounts may be funded through wire transfer, credit card as, indirect transfer from the other Fx brokers comprising FXDD and Alpari. The plans of the company to accept BPAY and PayPal in the future.
Withdrawing the money is evenly straightforward, although it needs submission of withdrawal form and a waiting era of a minimum of two days.
We observed that Pepperstone doesn’t provide a huge range of Fx learning resources, which few other brokers provide. The firm does provide two basic forms of market analysis weekly that may be extremely obliging for more latest traders.
Pepperstone Review – Pros & Cons
Pros
• Less spreads provided due to connections the Pepperstone has by about twenty-two main banks.
• Less deposit of just $200 provided for the accounts of ECN at what time compared with the competitors who request for up to $1000
• Fast trade implementation
• Good client support email, telephone, live chat; client service is provided in different languages; available website in different languages
Cons
• Provide just platform of MetaTrader
• Learning resources of Forex may be quite better
• United States traders aren’t accepted
Final Overview
For the relatively latest forex firm, Pepperstone is doing great paces in becoming a trusted firm for new and professional traders. There’s yet room to rise in terms of client servicandas news broadcasting, other than existing consumers must be happy with user-friendlandas flawless compatibility with MT4.
