Pepperstone is one of the new online forex brokers now on the market, which was founded in 2010. They are known for their client base in Europe, Australia and New Zealand. They are yet to expand to the United States and the Middle East. Their team has done a tremendous job in improving the Pepperstone brand by making the user interface highly interactive. The following review shows what this broker has on offer for you.
- Founded in:
- Melbourne, Australia
- The Owner:
- Pepperstone Financial Pty Ltd
- +61 3 9020 0155
- Minimum Lot Size:
- Maximum Leverage:
- Minimum Deposit:
- Minimum Trade Amount:
- Maximum Per Trade:
- Languages Available:
Pepperstone is based on the MetaTrader functionality, the leading trading platform in the forex industry. Traders can choose from the MetaTrader 4 and MetaTrader 5 trading platforms. The MT4 and MT5 are also available for the iPhone, Android and other mobile phones. The MT4 platform this broker has is highly advanced, according to to Pepperstone.
Money managers can take advantage of the MAM/PAMM accounts, which can utilize the MetaTrader 4 trading platform. They can manage multiple accounts with Expert Advisors. Money managers can manage commission in real time, use all the unique order types, easily manage client reports and choose from 3 allocation methods (lot, percentage and proportional).
The Physical FX trading platform is brand new and exclusive to Pepperstone. You will need to chat to the support team to learn more. The following are just a few reasons why investors open trading platforms: investing overseas, migrating overseas, sending money overseas and paying international invoices.
The Pepperstone Webtrader provides you with access to your Metatrader trading account via the web, meaning this is a web-based trading platform. This platform is available for both Demo accounts and Live accounts. In addition, the Webtrader offers all the benefits of the downloadable MT4 trading platform.
There are outstanding features you can choose from once you start trading with this broker. You can easily trade with the ECN account by depositing just $200 and above. This is a low deposit amount for an ECN, because many other brokers require a deposit of $1,000 or $2,000 for this type of account.
Pepperstone has very advanced technology, enabling it to be a no dealing desk broker. You can experience great trading conditions, including spreads from 0.5 pips, scalping and Expert Advisors. In addition, you receive the best price feeds due to Pepperstone being connected to 22 banks.
There are several international support numbers which you can contact while trading with this broker. We tested the phone support and Pepperstone provides the fine quality service we expect from a leading broker. Contact this broker through Skype, an online form and a number of different email addresses. We sent several emails and received responses between 15 and 50 minutes later. Contacting that chat was a great experience, as the team was really enthusiastic about answering our trading questions.
The trading platforms are easy to use and so are the trading accounts. However, the one negative we found was the lack of education tools that this broker offers its clients. The website is in its early stages, but it is attractive and there is a lot of potential in the future.
You can deposit to your trading account in a range of currencies and via many deposit methods. These include wire transfer, credit card, Moneybookers and numerous local deposit methods. You have to fill in a withdrawal form in order to withdrawal funds, and send it back to the support team.
The truth is that Pepperstone has some time to go before it becomes a top forex broker. For the current stage it is at now, we are very impressed with the features on offer. As mentioned earlier, the lack of education materials does not help this broker’s reputation. However, the numerous trading accounts, platforms and services available at your fingertips is something we value highly at Pepperstone.