Pepperstone 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).

Is Pepperstone Available in the UK?

Yes, Pepperstone is a legit forex broker legally authorized to operate in the UK where they offer Spread Bet & CFD products.

In the UK, traders are protected by local law because Pepperstone is regulated by the FCA UK & a member of the Financial Services Compensation Scheme (FSCS).

Pepperstone segregates client funds and holds them in top-tier banks such as Barclays Bank & Natwest Bank.

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

Pepperstone Regulation Summary

Range of Markets - 4/5

Pepeprstone UK offers spread bets as well as CFDs on various instruments. See list of tradable instruments below:

1. Forex CFDs

Pepperstone in the UK offers over 90 forex pairs for trading; you get all the major pairs including minors and Non Deliverable Forwards (NDFs).

2. Currency Index CFDs

Pepperstone in the UK allows you trade CFDs on baskets of currencies such as the U.S. Dollar Index (DXY), Japan Yen Index (JPYX) & the Euro Index (EURX).

3. Equity Index CFDs

Pepperstone in the UK lets you trade Nasdaq & other popular indices such as VIX, US30 etc.

You can also trade the South Africa 40 (SA40) indices at Pepperstone, giving you exposure to the African capital market.

4. Metal CFDs

Precious Metals such as Gold & Silver can be traded at Pepperstone UK. Other metals such as Copper, Aluminum, Nickel, Lead & Zinc can also be traded.

5. Agric Commodities CFDs

Cattle, Cocoa, Coffee, Corn, Cotton, Sugar, LeanHogs, Lumber, Oats, Soya Beans etc. are available for trading at Pepperstone in the UK.

6. Share & ETF CFDs

U.S., UK, Hong Kong, EU, German & Australian share CFDs are available for trading at Pepperstone UK. Pepperstone also pays dividends on this shares, whenever the companies behind the shares issue dividends to shareholders.

Pepperstone Account Types - 4/5

1. Demo Account

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

The demo account is not meant for new traders alone, experienced traders can also test new products and strategies on the demo account..

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

2. Standard Account

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

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. .

Pepperstone Copy Trading - 3/5

Pepperstone UK 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.

Account Management - 3/5

Negative Balance Protection

Pepperstone UK 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 offers EUR, GBP & USD base currency so UK traders can deposit/withdraw & also have their transactions displayed in any of these 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 UK.

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 UK 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 UK 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 Withdrawal & Funding - 5/5

What is Pepperstone Minimum Deposit in the UK?

Pepperstone minimum deposit in the UK is $0. You can deposit any amount you can afford.

Funding Methods

1. Direct Online Banking

You can fund your Pepperstone account by transferring funds from your mobile banking app, into an account that Pepperstone will generate for you.

2. Bank Cards

Pepperstone accepts deposits through Visa/master cards issued by banks.

3. PayPal & eWallets

You can also fund your Pepperstone account through PayPal and popular eWallets such as Neteller or Skrill.

4. Tether Coin

For Crypto funding, Pepperstone accepts deposits through Tether coin (USDT).

5. Apple Pay & GPay

Pepperstone now accepts funding through Apple Pay & GPay methods.

How Much is Pepperstone Minimum Withdrawal?

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

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 UK 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

Is Pepperstone A Market Maker?

Yes, Pepperstone is a market maker and they can decide to trade against your (act as a counterparty to your trade).

Trading Platforms - 5/5

1. Pepperstone Trading Mobile App

The Pepperstone thas a new mobile app for trading on the go.The app is available for Android and iOS devices

2. Pepperstone cTrader Mobile App

cTrader users also get the mobile version of cTrader customized for Pepperstone. its also available for android & iOS

3. TradingView

Pepperstone traders who open the Razor Account can go to the TradingView website and connect their accounts to TradingView charts.

TradingView charts are more feature-packed, have better tools, & are easier to use than MetaTrader charts.

4. Pepperstone MetaTrader

Pepperstone provides MT4 alongside free plugins that make MT4 feel more modern & up to date.

Pepperstone also provides the MT5 platform which is ideal for trading Stock CFDs.

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