- Speed of Execution?
- Cuts Out A Dealing Desk?
- MetaTrader Supported?
- Spread Fee – AUD/USD
- Minimum Deposit?
- Number Of Currency Pairs Offered
- Compatible Devices
- Founded In Australia?
- Regulated In
- Payment Methods
- Promotional Bonus?
Pepperstone Offers Superior Value For Expert Currency Traders
A forex broker comparison in January 2016 found that advanced Australian currency trading individuals should consider Pepperstone.
Pepperstone was determined the best forex broker because they:
- Offer the most advanced forex platforms and fastest execution speeds
- Offer low spreads and fees
- Offer the second highest level of leverage in Australia
What Makes Pepperstone’s Trading Platform The Best?
Pepperstone is the only forex trading Australia provider to offer 7 Forex Trading Platforms.
The most popular platform for Pepperstone Australian forex traders is MetaTrader due to the EDGE environment offered. This is a direct ECN (Electronic Communication Network) with no dealing desk which means execution speeds of up to 12x that of competitor platforms, optimal pricing and tighter spreads.
Full ECN depth is also offered through their cTrader platform with detachable charts and automated trading options. The cAlgo feature offered allows Australian currency traders to develop and test algorithms based on previous scenarios.
Not only does Pepperstone offer the most forex trading Australia platforms but they also host them on cutting edge infrastructure located just 17 kilometers from Wall Street in NYC. Through interlinking via optical fibre, direct connections rather then conventional internet connection increase speeds and lower latency.
The end result is a further 10 times latency reduction is achieved. This is in addition to the execution speed improvements of up to 12 times through the their ECN!
Overall, not only do Australian currency trading individuals have the greatest choice of platforms with Pepperstone, they have superior performance due to the best technology infrastructure helping reduce slippage and assist in quick decision making.
Currency Trading Spreads Offers By Pepperstone
In 2013 Deloitte named Pepperstone was ranked #1 Rising Star and in 2014 BRW names Pepperstone the fasted growing company.
The chief reason for their growth was the forex brokers ability to offer some of he most competitive spreads in the world starting at 0.1 pips.
There are two options Australian currency trading individuals can choose from with Pepperstone.
1) STANDARD Account
This account is meant for everyday Australian forex trading with competitive spreads starting at 0.5 pips and No Commission. It also includes negative balance protection which is a margin-stop system preventing clients from falling into a negative balance. If though someone does hit a negative balance Pepperstone takes over it as a ‘cost of business’ providing peace of mind.
2) EDGE Account
This account has some of the worlds lowest spreads with modest ECN commission of AU$3.5 per 100k traded. The account has advanced features and functionality preferred by the most advanced Australian forex traders.
What Leverage Is Offered By Pepperstone?
Pepperstone offers a leverage level of 400:1 which is relatively high for a Forex Trading Australia provider but not the highest in the market.
Forex Trading Australia accounts can be setup to have lower leverage levels pre-set by traders. Some advanced forex traders though who want the highest level of leverage (500:1) may find Pepperstone’s too limiting. On the other hand, the combination of 400:1 leverage with the reduction of risk due to negative balance protection makes them the perfect broker for a good proportion of advanced forex traders.
Pepperstone Customer Service & Reputation Levels
Pepperstone measured up quite well when it came to customer service, training and reputation as one of Australia’s largest brokers.
The currency trading Australia broker offers personalised service from experienced team members in Melbourne, Australia. The ability to speak to locals rather than overseas call centers was a key feature that set the broker apart from some international players. Active traders can also receive ‘platinum package’ services including a dedicated relationship manager. This person to tailor solutions that align with Australian forex trader’s needs.
What Bonus Offer Is Available?
Pepperstone has an offer live as of January 2016 with up to $600 free brokerage. Three are a few conditions including:
- The promotion is only available for new clients
- You must first make a minimum of $200 AUD deposit
- You will be matched 100% on your deposits up to $600 AUD
- The bonus expired 60 days after opening an account
“Free Brokerage” is commission free forex trading calculated using the Edge account commission payable.
On the 10/01/2016 a number of forex trading Australia comparison tables were created tailored by experience and the risk levels of traders. The primary criterion was the low fees and spreads of each broker and only brokers that were an AFSL licensee were included in the comparison. The information came from the brokers websites and was manually collected by the team. If you see any area of our currency trading online Australia comparison tables should be improved please feel free to leave your suggestions in the ‘contact us’ section of compare forex brokers.