Pepperstone is a fully-owned subsidiary of Pepperstone Group Ltd, an Australian-based firm. It was established in 2010 and quickly gained worldwide popularity as a large forex & CFD provider. Pepperstone was launched in 2015 in the United Kingdom; it has expanded its work to overcome the needs of the U.K. & European clients through local access. The group has offices in important financial stations like Dubai, Melbourne, Nairobi, Limassol, Nassau, Dusseldorf & London.
Is Pepperstone group safe for investment?
Pepperstone is considered a low-risk firm, with a Trust Score of 93/99. Pepperstone is not traded publicly, and it does not operate by a bank. It is authorized by 2- tier-1 regulators (higher trust). Pepperstone is approved by the following mentioned 2-tier-1 regulators,
- Australian Securities & Investment Commission (ASIC)
- The Financial Conduct Authority (FCA)
Like several forex brokers, Pepperstone also does not trade with U.S. traders.
The Pepperstone minimum starting deposit of 200 units in the base currency assists the new traders in getting into the arena and is underpinned by leverage as high as 500 ratios 1 (500:1).
Within the online brokerage firms, the costs of Pepperstone are very competitive. Novice clients can select between the “Standard” account having the least F.X. spreads starting from one pip but zero commission or the “Razor” account with the least F.X. spreads starting with no pips but adding with the commission. Pepperstone offered other instruments that may have straight spreads or some combination of spreads with the added commission.
Fees Pepperstone Fees X.M. Fees AvaTrade Fees
Deposit Fee No No No
Withdrawal Fee No No No
Inactivity Fee No Yes Yes
Fee ranking Low Average High
Spreads on Standard or Razor accounts, e.g., EURO/USD least spread starts from zero pips & most often averages on 0.17 to 0.77 pips. Cryptocurrency costs are reasonable too, where Bitcoin spreads start from $10, Ethereum spreads are $4 & Litecoin spread is $3.
Asset/ Pair Pepperstone Spread X.M. Spread AvaTrade Spread
EUR USD Spread 0.77 pips 1.6 pips 1.3 pips
Crude Oil WTI Spread 2.3 pips 5 pips 3 pips
Gold Spread 0.13 35 40
BTC USD Spread 31.39 60 0.75%
Pepperstone provides a wide range of platforms that suits almost every investment & trading style. The platforms are white 3rd party label offerings, as it has shied away from making a proprietary interface. Consumers can select between MetaTrader (MT) 4/5 & cTrader, an advance-end system along with liquidity-provider pricing & higher-tech features that consists of back-testing, detachable charts, & support of the algorithmic strategy. MT4 Smart Trader Tools tech functionality added a suite of apps that helps in market research, trade execution, & deep market analysis.
Another praising quality of pepperstone is high customer support. Their client’s satisfaction commitment consists of a 24-hour live chat facility & support entire Secure Client Area to manage the account. Its real-time news feeds with education resources & market commentary are also remarkable. Pepperstone’s cTrader is available for download/web-based interface, which is safe & easily accessible from any browser such as Firefox, Chrome, Safari, or Internet Explorer.
According to this pepperstone review 2022, we may say that Pepperstone is a positive, well-regulated broker that provides a reliable trading solution. Customers liked the trade execution of brokers that settled immediately, without delays, requotes, or rejects & with a competitive pricing model throughout the powerful trading software.