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Pepperstone


 

       Company information

        Broker's name: Pepperstone

        Website: https://pepperstone.com

        Headquarted in Australia

        Regulated by: ASIC

        E-mail Address: support@pepperstone.com  


Pepperstone maintains several unique trading accounts. The Edge Standard account is intended for regular traders, offering STP processing and interbank spreads on the popular MT4, while the Razor account is targeted at advanced and EA traders and offers lower spreads (and, of course, higher trading costs). There is an additional account offered to high volume traders and institutional partners – the Edge Active Traders account, which offers higher level of service:  superior ECN EDGE execution and also an experienced and dedicated manager working with the account holder. 

Security of Funds

Pepperstone holds an Australian Financial Services License and is regulated by the Australian Securities and Investment Commission (ASIC). ASIC requires licensed financial services providers to meet strict capital requirements and to comply with various internal procedures for risk management, accounting and audits. As for the minimum capital requirement, ASIC requires forex brokers to hold at least $ 1 million in order to provide financial services legitimately. 

Minimum deposit

Pipestone’s clients can start trading with 200 AUD or equivalent as a minimum. 

Spreads and commissions

As regards the spreads offered by Peppersone, the average ones amount to 1.2 pips on the EUR/USD for the Edge Standard account and 0.2 pips for the Edge Razor account.

Another component of trading costs are commission fees charged by brokers. Pepperstone, however, charges commission on the Edge Razor account only, amounting to $3.5 per 100k traded, while the Standard one is commission-free.

Leverage

As for leverage, the maximum leverage provided by Pepperstone is 500:1. This is considered to be a high leverage especially bearing in mind in many countries there are limits on leverage, far lower than this. 

Trading Platforms

Pepperstone provides its clients with a choice of three platforms: MetaTrader4, MetaTrader5 and cTrader. The industry standard MT4 is available for Mac, iPad/tablet, Android and iPhone. Also, a web-based MT4 version is offered, called WebTrader. A web version of the cTrader platform is also offered, as well as such for mobile devices. What is more, the cTrader platform has a cAgo option, allowing trading with robots and developing of custom indicators in C#.

The three trading platforms offered by Peppersrone are probably the most popular ones in the industry. The MT5 was developed and marketed as an improvement on MT4, yet many brokers still prefer the earlier technology, because MT5 does not allow hedging, and what is more, MT4’s indicators and Expert Advisors (EA) are not supported on the MT5 platform. As regards the cTrader platform, it is custom-made for use with ECN brokerages and offers simple user-friendly interface.

Methods of Payment

Peperstone offers its clients a wide range of payment methods available: Bank Wire, Credit/Debit cards (Visa & MasterCard accepted), Skrill, Local Bank Deposit, Neteller, Bpay, Union Pay, PayPal, BPay, FasaPay, WebMoney, QIWI and POLI.


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