- Founded In Australia?
- Regulated In
- Spread Fee – AUD/USD
- Bank Client Deposits Held At?
- Speed of Execution?
- MetaTrader Supported?
- Location of Broker’s Head Office
- Compatible Devices
- Cuts Out A Dealing Desk?
- Payment Methods
- Promotional Bonus?
- From 0.1 Pips
- Qantas Sign up Bonus (10 QFF Points Per $1 Deposited)
- Visit Website
- From 0.0 Pips
- Visit Website
- From 0.5 Pips
- Not Declared
- Visit Website
Pepperstone Is The Best Value 2017 Australian Forex Broker
In January 2017 a comparison Australian forex brokers found that Pepperstone was narrowly superior to IC Markets.
Pepperstone was the best forex broker based on:
- The choice of the two most popular forex platforms worldwide
- The fastest execution rate of any forex broker Australia
- The best customer service & satisfaction based on 15,000 Australian forex traders
- Market leading spreads/commissions
- Solid leverage up to 500:1 for advanced traders
- The ability to earn Qantas frequent flyer points from trades
What Forex Trading Platforms Does Pepperstone Offer?
Pepperstone offers Australians the choice of the two most popular forex trading platforms globally.
This forex trading platform platform is the most popular worldwide due to it’s ease of use, charting and the ability to execute trades easily.
– Navigator & Market Watch Windows with 85 indicators
– Unlimited chart configurations and analysis tools
– The ability for automated trading (Expert Advisor’s)
Used by mainly advanced Australian forex traders, this forex trading platform is commonly used by day-traders and for those using expert strategies.
– Detachable next generation charting with level II pricing
– Automated options through the cTrader dedicated platform
– The ability to back-test and strategies or programs
How Does Pepperstone Achieve Superior Forex Trading Australia Execution Speeds?
Pepperstone achieves up to 10x latency reduction and 12x improvements in forex trading Australia execution speeds due to:
1) Optic Fibre From Sydney To Wall Street
One of the key issues for Australian traders is the distance between the country and the trading hubs either in New York or London. Slow internet connections between continents means that latency can be experienced when fx trading leading to ‘slippage’ which is the difference between the order made and the actual order received.
Pepperstone has overcome this issue by adopting infrastructure that offers a direct fibre optic cable from their Sydney data-centre to New York.
This has minimised the latency for Australian forex traders which is why advanced traders who make split second decisions choose their ECN platform. This makes the platform perfect for traders that adopt both technical and fundamental analysis.
2) Edge Technology Including The Leading Servers
Optic fibre isn’t enough to ensure the fastest trades for an Australian forex trader as the server it connects to is just as important. To maximise server speeds Pepperstone partnered with Equinix which not only has one of the worlds best high-performance data-centre but at also less than 18 kilometres from Wall Street.
Edge technology also has created new tools for existing platforms such as MetaTrader such as ‘one-click-trading’ which ensures that as soon as a trade is made it goes straight to the market with no dealer or other external interference which may delay the trade.
Pepperstone Offers ECN Forex Trading Leading To Market Leading Spreads
Pepperstone’s popularity is not solely due to their technology but their ECN forex trading environment. This is matched by IC and IG which also offer ecn forex trading environments. The results are razor thin spreads for all these fx brokers.
No Dealer Desk Intervention
There are two Pepperstone accounts. Their most popular account is the Razor forex trading account providing direct access to selected deep liquidity pools. This is the true ECN forex trading environment that most experience Australian forex traders opt for. The deep liquidity pools the account has access to are in New York for MetaTrader or London for cTrader. Overall, quotes come from up to 22 major banks and ECNs which allow during liquid periods spreads to be as low as 0.1 pips for USD/EUR.
2) Their Price Improvement Technology (PPI)
PPI technology intelligently routes currency trading orders to detect liquidity hot-spots to ensure optimal pricing for Australian traders. In simple terms, when you place a trade and in the scenario where the market moves in your favour (between placing the trade and it’s execution) the PPI technology detects the movement and when possible, fills the order at the improved level. This does not involve re-quoting but rather the traders just receives the improved price.
There are two types of accounts offered to an Australian forex trader. This includes the standard account which has no commissions or the Razor account which has the lowest spreads but commissions exist. You can learn more about these accounts on the Pepperstone account type page. There is also the option for CFD trading across 13 stock indices. There are no commissions on CFD trading and no dealing desk.
Pepperstone Offers The Highest Australian Forex Trading Leverage
Pepperstone offers the maximum leverage level of 500:1 which is the equal highest of the Australian forex brokers.
In simplistic terms, 500:1 means that if you have a $300 deposit you can trade on the market up to $150,000 on the currency markets. Australian currency traders can therefore earn significantly more from their trades when the market moves in their favour or significant losses when it moves in the other. While no currency trading would exist without leverage, it’s important to select a level that matches your risk profile and experience level due to the risks it poses.
A real positive that Pepperstone provides Australian forex traders is negative balance protection. This is a ‘margin stop out’ system to prevent a forex trader from reaching a negative balance with MetaTrader triggering is margin falls below 90%. cTrader has a ‘stop-out’ system that is activated at a 50% percentage (or below).
Below shows Pepperstone’s Aubiz.net Australian company search details. The Australian public company has an ABN 12147055703. The site also states that they have an Australian Financial Services licence (AFSL) 389931.
Customer Service & Client Satisfaction Of Pepperstone
Pepperstone is a relatively new Australian forex broker compared to some global players but in Australia has quickly gained a dominant market share. They have a strong customer service team in Australia of individuals who actually trade themselves making them an excellent choice of intermediate to expert traders.
This was acknowledged in when Investment trends survey of 15,000 Australian forex traders ranked Pepperstone number 1 in:
- Overall Client Satisfaction
- Customer Service
- Execution Speeds
The customer service team in our dealings have been professional from the moment we opened an account. Their office is in Melbourne and they can be contacted over the phone, e-mail or live-chat 24 hours during weekdays when the markets are open. As mentioned earlier, their team is highly competent but more towards intermediate and advanced forex trading Australia individuals. Those new to forex trading Australia may wish to consider a broker such as Easy Forex.
Up To $600 Free Brokerage Offer Plus Qantas Frequent Flyer Points
Pepperstone has an exclusive offer with Australian forex traders able to save up to $600 in commission. This offer is for Pepperstone Razor forex trading accounts with the first deposit matched up to $600. This is for new clients who first deposit as at least AUD$200 with the bonus expiring after 60 days of the first trade.
Australian forex traders can also receive Qantas frequent flyer points on their trades. 10 points per lot are available for fx majors, fx minors and fx crosses. At the end of each month a forex traders total volume is calculated and credited as Qantas Points to eligible Qantas frequent flyer members. Up to 10,000 points points can be awarded each month. These amounts can be increase during bonus periods communicated by Pepperstone.
While other Australian forex brokers may offer superior joining offers, the lower spreads of Pepperstone and advanced technology make many conclude that overall they are the best forex broker in the long-term.
About This Forex Brokers Australia Comparison
Most prospective forex traders often find it hard to differentiate Australian forex brokers and know which one is the best broker for their circumstances. This is especially true when it comes to safety and regulation with most Australian’s looking for a forex broker that locally regulated. This means they trade out of an Australian subsidiary and hold deposits within the country. To help speed up the process of choosing the best forex broker the key players are compared with the ‘top 5’ placed on the table above. To make the figures relevant to forex trading Australia conditions, other third-party sources were also used to collect data such as spreads and fees.
While the forex Australia table above only have Australian regulated foreign exchange brokers, there are a number of other tables that look at online brokers based on key requirements ranging from ‘low fees’ to ‘high leverage’. We also focus on cfd brokers such as Plus500 CFDs for those looking for more then just currency trading. Most of these forex trading platforms are nationally regulated as the authors rated higher brokers that offered Australians the higher level of security. Since this is the case, it’s recommended that individuals view these tables as well to find the best forex broker Australia to suit their forex trading style.
Since the forex broker Australia comparison information on this site was created by real Australians and without assistance from the forex trading brokers the information should only be used as a guide. This is because the information came from reviewing the providers websites and without automation. This means that human error may be present or that elements such as leverage rates or fees may change without warning. If you find any forex Australia elements that require changes please use the contact us form and state where the change(s) need to be made and in most circumstances these will be made promptly. This will ensure the best broker can be found by users of the site.
Australian Forex Brokers Comparison
Comparison of Australian Forex brokers regulated locally.
Reviewed by Justin Grossbard