Pepperstone has experienced rapid growth since it commenced in 2010.
It is considered the best forex broker by many experts due to the brokers:
– Medium/high leverage
– Tight spreads
– Fast trade executions
What Leverage Does Pepperstone Offer?
Pepperstone offers a leverage level of 500:1 to Australian forex traders. This means a deposit of $100 can lead up to the equivalent of $5,000 to be traded on the currency markets.
There are other players such as IC Markets, CMC Markets and ThinkForex that offer similar levels of 500:1 leverage. That said, intentionally 500:1 is considered to be very high, especially considering in many countries there are limits on leverage that are far lower then 500:1.
Who Should Consider High Leverage?
As currency pairings move only small percentages its critical to have leverage. The level though should be dependent on the experience level of an Australian forex trader and the level of risk that trader is willing to accept. When currency markets experience, traders could lose more then their deposit which they will need to repay over time. For this reason less experienced forex traders should consider lower leverage or choosing a broker that has guaranteed stops.
Pepperstone Review In The Areas Of Spreads & Fees
Upon Pepperstone review we noticed the company has gained popularity due to the fact there is no dealing desk. This means that Australians can make traders direct with currency markets which is one of the reasons that Pepperstone is able to offer some of the lowest spreads and fees.
There are two types of accounts offered. The first is the ‘standard account’ which has higher spreads but no commission. The spreads such as the range of 1.1 pip – 1.8pip is lower then may other forex brokers such as Go Markets and Easy Forex. The second type is called the ‘razor account’ which has some of the lowest spreads worldwide but there is commission charged.
The Razor edge is often the choice of day traders who have the highest turnover whereas everyday Australian forex traders often prefer the commission free choice of the standard account.
Metatrader 4 is the primary trading platform offered by Pepperstone which is regarded as a leader in the industry. The broker’s website is designed to give you a real edge in today’s competitive trade environment by offering the best live quotes, real time charts and in-depth analytics and news feeds from the market. The trading platform has a rich interface and is graphical intuitive. It has all the available trading tools that one can use effectively to control their trade positions. There are around 85 different pre-installed indicators as well as market watch window being available. One can share from multiple trades in a single time and the broker offers real time data export through DDE protocol.
To ensure they remain one of the best forex brokers the release of MetaTrader 5 first by Pepperstone shows again how the fx broker focuses on innovation and bringing the latest software and technology to Australian forex traders. As these platforms plugin to Pepperstone’s no dealing desk solution and through powerful servers, execution speeds are some of the highest worldwide.
Webtrader is the web based version of Metatrader 4 which allows trades to trade fx without installing any program. It works across most operating systems including Linux, Mac OSX and of course Windows. Even though now download is needed, most functionality is kept including real-time charts, indicators and technical analysis. Its built in HTML5 so you don’t need flash or other third party software for it to run.
Pepperstone’s forex platform can also be accessed from iPhone. The trade platform is available on iPhone and iPad devices which means that people can trade even when they are moving from one place to another.
Forex wouldn’t exist without leverage and Pepperstone Australia is considered one of the leading forex leverage brokers for these experienced fx traders.
The fx broker is Aussie regulated too which means all deposits are held in Australia and their currency trading obeys Australian laws and guidelines.
Pepperstone Review: Their Brief History
The company was founded in 2010 with its headquarters located in Melbourne, Australia. It is a relatively new broker to hit the market but offers one of the best trading experiences that one desires for. Although it is a chip off the old block, it has a lot of potential in itself and has been offering service in 100 countries across the globe. It is a global FX broker and offers lightning fast ECN trade matching engine making trade executions very fast. The company believes making online trading accessible to individual investors and want to evolve the financial industry by offering the best possible service to its customers. Sadly the broker does not accept traders from USA owing to some market regulations and legal issues in that country.
In our Pepperstone review we noticed that since the company is a fairly new broker in the Forex industry, its overall asset index is not very extensive. At present it offers trading across 62 different currency pairs and metals. The overall asset is sufficient for the new traders and they will never feel limited in terms of trade. The broker is very committed and has been adding numerous assets under its wings from time to time. In a couple of years from now, we can expect Pepperstone to offer more than 100 distinct assets to its customers. It offers a free demo account to its clients which means that one can practice trade in a virtual environment before they enter the real market.
Deposits and Withdrawals
The Pepperstone payment service is amazing and the broker does not charge any sort of commission on deposits and withdrawals. However, one would have to incur some expenses when money is being transferred from international banking institutions. One can fund their trade accounts using a credit card, electronic wire transfer, MasterCard, FastPay, Skrill, Bpay and other eWallet options. It is to be noted that the same payment mode must be used for deposits as well as withdrawals.
It has a highly personalised customer support team that is always there for help and sorting out traders’ problems. The broker has a pool of highly skilled professionals as support staff who have all the necessary knowledge and expertise of the market.
While making this Pepperstone best Forex broker review we found the customer care executives are very cordial and friendly when contacted and always prompt in replying to our queries. One can contact the staff at Pepperstone via chatting online, dropping an email or talking to them over the telephone. The customer service is available in English at the present moment with more languages to be added in the near future. Pepperstone offers its own Skype contact which is available on its website which means that traders who use Skype can contact the staff directly without incurring any expenses.
Final Verdict: Why Choose Pepperstone
If you are looking for a forex leverage brokers, then you should consider Pepperstone. This is due to Pepperstone offering a strong leverage level of up to 500:1, their platform offering high speed trades and their low spreads of 0.1 pips. It has the best trading platform with best graphical interface that you have ever witnessed. Trade executions are very fast and you will start noticing the difference once you start doing business with this broker. So without wasting any time you should open a trade account with Pepperstone and get a head start to your trading career in Forex industry today itself. A final unique element we found in our Pepperstone review is that there is ‘no negative balance’ protection so if the market moves against your position you can’t lose more than your deposit.
About This Pepperstone Review
This Pepperstone Best Forex Broker Review was completed by real Australians who own and manage Compare Forex Brokers. Our aim is to help Australians compare forex brokers easily with tables constructed based on the best Forex brokers website information. The forex broker comparison was made independently although it should be noted that affiliate relationships may exist but these were formed after the launch of the site. This Pepperstone Review was based both on the information above and the details that can be found in our best forex broker comparison table.