Pepperstone Australia Review

Regulation & Trust - 5/5

Where Was Pepperstone Founded?

Pepperstone was founded in Australia in 2010, where they are regulated by the Australian Securities & Investment Commission (ASIC).

Pepperstone is available in Kenya under the regulation of the Capital Markets Authority (CMA) who licensed them to operate as a non-dealing forex broker.

Pepperstone is available in the UK under the regulation of the Financial Conduct Authority (FCA) in the United Kingdom.

Pepperstone is also regulated by the Financial Services Authority (FSA) in Mauritius as a Full Service Dealer.

Pepperstone Regulation Summary

Pepperstone Withdrawals & Deposits - 5/5

What is the Minimum Deposit at Pepperstone Australia?

Pepperstone minimum deposit is $0 so you can deposit any amount as far as it is enough to cover the initial margin requirement for the instrument you want to trade.

Funding & Withdrawal Methods

1. PayPal

Pepperstone accepts PayPal as a means of funding & withdrawal in Australia. The processing speed is also instant.

2. Bank Transfer

You can deposit into your Pepperstone trading account by making a transfer from your bank account to the account Pepperstone will give you.

The processing time for Pepperstone deposits using the bank transfer method is instant.

3. Visa & Master Cards

Pepperstone accepts Visa and MasterCard as a means of funding and the processing speed is 24 hours.

4. Neteller & Skrill

Pepperstone accepts eWallet funding methods specifically from Neteller & Skrill. Processing time is instant.

5. International Bank Wire

You can fund your Pepperstone account using international bank transfers but it takes a longer time (around 5 days) and a $20 telegraphic fee may apply.

6. Apple Pay & GPay

Pepperstone now accepts funding through Apple Pay & GPay methods.

5. Flutterwave

Pepperstone allows you fund your trading account using Flutterwave and the cost is free & speed is instant.

How Do I Make A Deposit into Pepperstone

Start by logging into your Personal Area, which should look like this:

Click on the user icon to bring up the deposit options.

Click on deposit and choose your preferred deposit method, enter the amount & submit.

What is Pepperstone Minimum Withdrawal?

Pepperstone minimum withdrawal is $0 so you can withdraw any amount you want.

However, if there are open trades on your account, the maximum amount that can be withdrawn is 90% of your free margin.

How Long Does Pepperstone Withdrawal Take?

Withdrawals at Pepperstone Australia are instant except when you are withdrawing through international bank wire then it can take up to 5 days.

You must send in your Pepperstone withdrawal requests before evening so that you can get the funds instantly, if not the withdrawal will be processed the next day.

Range of Accounts - 4/5

1. Demo Account (virtual funds)

Pepperstone’s demo account helps you test and develop your trading skills before opening a live account.

The demo account is automatically created for you after you register/signup with Pepperstone Australia.

Pepperstone provides 50,000 virtual funds to enable you to practice, develop your skills, and build your confidence.

2. Standard Account (no minimum deposit needed)

The Standard Account gives you access to all trading instruments with competitive pricing. The standard account is available on cTrader, MT4, and MT5 platforms.

The Standard Account is suitable for beginners and mid-level traders who like a simple account and prefer having their commissions integrated with spreads.

3. Razor Spread Account (no minimum deposit needed)

The Razor Account at Pepperstone is suitable for more experienced traders because its pricing structure is more complex, involving commissions per trade alongside low spread.

The advantage of the Razor Account is that spread constitutes a lower barrier to your profitability so your trades become profitable quicker.

Razor Accounts are popular with scalpers and traders who want to run Expert Advisors & is available on cTrader, TradingView, MT4, and MT5 trading platforms. .

4. Managed Accounts

Pepperstone also offers managed accounts so at the point of opening your account, you must select if your account is going to be managed by an authorized online forex money manager.

Account Management - 3/5

Negative Balance Protection

Pepperstone Australia offers Negative Balance Protection so that you don't lose more than you deposited.

Even if your Pepperstone account balance goes into negative due to volatility Pepperstone will refund the negative balance and make your account balance zero again.

Trading Account Currency

Pepperstone has AUD base currency so Australian traders can deposit/withdraw & also have their transactions displayed in the Australian Dollar.

Pepperstone also offers USD & GBP base currency so you can open several trading accounts with different base currencies.

If you deposit in a currency that is different from your account base currency, Pepperstone currency conversion fees as high as 1% will be applied.

Maximum Number of Pepperstone Accounts Per Client Area

You can open up to 10 MT4 Accounts at Pepperstone Kenya.

You can also open an unlimited number of MT5, cTrader & TradingView Accounts at Pepperstone Australia.

Editing Leverage on Your Pepperstone Account

You can edit & change the leverage on your Pepperstone trading account as many times as you wish; there is no limit.

Note that Pepperstone does not offer dynamic leverage. All the leverage limits at Pepperstone are fixed

Margin Call & Stop Out

Pepperstone Margin Call will come when your Margin Level falls to 90% and you will be Stopped Out of all your trades when your Margin Level falls to 50%.

How Do I Open A Pepperstone Account?

Start by visiting the Pepperstone Australia website & click "join now".

You will be prompted with options to register with your email, social media profile, Google profile, or Apple profile.

If you choose to register using your google profile, Pepperstone will use the name and other details from your google profile. The same thing applies when if you choose to register with your Facebook or Apple profile.

Next, you create a profile by supplying your personal information & creating a strong password.

After your profile has been created, a demo account is automatically opened for you & you will be prompted to set up a live account.

The next step is to click on "set up live account" so you can customize your main trading account.

At this point you will be prompted to choose your trading platform, and select your desired leverage.

This is also the point where you can choose to activate copy trading on your account.

Next you will be required to take an appropriateness test ( takes about 30 seconds) and reconfirm the information you entered.

The final step is to verify your identity by uploading your Australian government issued ID.

Pepperstone accepts your passport as a means of ID so you must snap it and upload.

You can then login to your personal area on the Pepperstone website and manage your account from the dashboard.

Pepperstone Fees - 3.5/5

1. Spread

The Standard account has a variable spread starting from 1 pip. No commission is charged when trading on the Standard account as it is integrated in your spread.

The Razor account has a raw spread starting from 0.0 pips. Commissions on the Razor account is charged based on the platform that’s being used to trade.

2. Commission

On the MT4/5 and TradingView platforms, there's a commission charge of $3.50 or £2.25 per lot per size.

On cTrader, a commission of $3 per lot per size. On the Pepperstone trading platform, there's a commission charge of $7 round-trip.

3. Rollover Fees

Pepperstone charges a swap/rollover fees on overnight CFD trades. There are no swap-free instruments at Pepperstone Kenya so you have to pay to rollover trades on all instruments, into the next day.

4. Inactivity Fee

Pepperstone does not charge an inactivity fee on dormant accounts.

Trading accounts that have not had any trading activity over the last 3 months will be archived so that they don't take up resources on Pepperstone servers

Pepperstone Copy Trading - 2.5/5

Pepperstone offers copy trading but doesn’t do so directly, instead they have partnered with a platform called Signal Start.

Signal start works on both MT4/MT5 platforms meaning you can copy trades from any MetaTrader users (cross-platform compatibility).

To copy trades at Pepperstone, there’s no minimum deposit.

However, to provide the strategies you need to have a minimum balance of $100, have a trade mileage of 30 days (about 4 and a half weeks) or 50 trades.

For copy trading fees at Pepperstone, you pay a $25 flat fee to copy trades.

To provide signals to others, the fee is 30% of what you charge copiers & this fee goes to Signal Start.

Pepperstone also allows you to copy trades through another 3rd party provider called Pelican but the minimum deposit for signal providers is $500.

To become a signal provider at Pepperstone, login to your trading platform, navigate to account, then select " I want to charge copiers".

As a signal provider, you can open as many Pepperstone copy accounts as you wish.

How To Connect Pepperstone To TradingView

Log in to TradingView

Visit the TradingView website, click on sign in and you get the option to sign in with your Google Account, Apple Account, LinkedIn Account, X Account, or email. elect any sign in method to proceed.

Choose an instrument to trade

To select an instrument to trade on TradingView, click on Markets and then select any instrument of choice.

Navigate To Super Charts

After choosing an instrument to trade, opt to view the instrument on Super Charts by clicking on the "see on super charts" button.

Open Trading Panel

To see a list of brokers on TradingView, click on Trading Panel.

Proceed to expand the trading panel by clicking on the expand icon by the bottom far right hand side.

Choose Your Broker

After the trading panel opens, you will see a list of all the forex brokers on TradingView.

Select Pepperstone from the list of brokers and connect with your Pepperstone account details.

Trading Tools - 5/5

1. Free MetaTrader Upgrade EAs

Pepperstone provides Smart Trader Tools which are basically downloadable MT4/5 Expert Advisors (EAs) that complement your MetaTrader and make it work better.

Pepperstone Smart Trader Tools includes EAs such as Alarm Manager, Correlation Matrix, Excel RTD, Mini Terminal, Sentiment Trader, Market Terminal etc.

2. CTrader Automate

CTrader Automate is basically a Pepperstone API that enables you extract data from Pepperstone, & feed the data to your cBot.

3. Autochartist