Pepperstone Review: Key Findings for 2022

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The broker does however reward traders with cash bonuses up to AUD$5,000 when an invited friend opens a trading account and meets the deposit and trade requirements. Pepperstone offers a swap-free option on its Standard Account type for religious purposes.

Pepperstone forex

Pepperstone delivers a good balance of research content in both video and written format. The quality of Pepperstone’s research offering DotBig forex Broker is a touch above the industry average, yet it’s not quite as robust as what’s offered by category leaders like IG and Saxo Bank.

Pepperstone – Financial Instruments & Trading Accounts

The main aim of Pepperstone is to provide forex and CFDs trading opportunities with multiple trading platforms. Moreover, the company offers investment opportunities through its social trading platform. MT4 and MT5 are offered by most brokers, as befitting of their titles as the most popular trading platforms in the world.

The exception is if you trade more than $250M a month which leads to a commission of $7.00 per lot which only matches Pepperstone commission costs. Savings on commission costs with only really occur if you trade $500M a month or more.

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You must be aware and willing to accept the risks to invest in the markets. Past performance of any results does not guarantee future performance. Therefore, no representation is being implied that any account can or will achieve the results indicated in this website. There are no inactivity fees for trade, but it charges a withdrawal fee that is a drawback of the platform compared to other brokers. Specifically, while withdrawing through banks, it takes $20 as a fee. The trading cost in Pepperstone is high compared to other brokers that might be a discouraging fact for the company. However, based on the availability of funds with more increased regulation, investors can easily rely on this platform.

  • You cannot purchase shares of stocks or funds directly through Pepperstone — only CFDs are available.
  • The exception is if you trade more than $250M a month which leads to a commission of $7.00 per lot which only matches Pepperstone commission costs.
  • Trade our extensive range of CFDs on FX, Commodities, Cryptocurrencies, Shares, ETFs and more.
  • The Daily Fix provides trading functionality in details of forex, stocks, equities, and other marketplaces.

The web-based interface of cTrader is quite stable and easy to access. The MetaTrader trading platform suite is the core component driving the success of Pepperstone. The company offers a licensed use of MetaTrader 4, MetaTrader 5, and TradingView. These smart trader tools have extensive technical functionalities, and they also sync well with other platforms and third-party plugins. The MetaTrader suite of apps is best used to assist trade execution, conduct market research, and develop an in-depth market analysis. Founded in 2010, the Pepperstone Group has now emerged as one of the world’s top-tier online brokers. It has developed its brokerage ecosystem with highly competitive offerings and full-featured trading platforms.

Impartial Report Reveals The Unanswered Questions on DotBig forex

For other minor and exotic currency pairs like the GBP/CAD, you can also expect spreads to have a minimum of 1 pip. As a standard account is commission-free, the main trading cost to pay attention to is the spread. The smaller (or ‘tighter’) this spread is, the cheaper it will be for you to trade. Spreads with a Standard account are wider than commission-based accounts as this is how the broker makes their profits.

Finding DotBig forex

In addition to forex trading, Pepperstone also offers both index and share contract for differences DotBig forex . CFDs are a financial instrument unique to the international market that allow non-U.S.

Research at Pepperstone is better than the industry average – though it still trails leaders such as IG or Saxo Bank. CTrader cTrader is an intuitive and easy-to-use platform with advanced order capabilities and customisation.

DotBig forex…A Great Gift For Friends

This Forex Suggest review suggests that Pepperstone is a good broker due to its regulation, trading speed, security, and online support. Gives traders an overview of current market events and updates on any news from the currency markets. Our products winner is, on account of their wider variety of forex pairs, and other CFD options. One of the best ways to stay safe when forex trading is using a broker that is regulated in the country you are trading from. Visa and MasterCard are available as credit and debit cards to all traders in all countries except the UAE. Here retail traders can only use debit cards while professional traders can also use credit cards.

Email support is the prime mode of customer service for Pepperstone. However, customer service is limited but available on Saturdays and Sundays. Pepperstone allows its clients to use these platforms to place their basic orders, including market order, stop order, limit order, and stop-limit order. Additionally, the broker enables traders to execute stop-loss orders on trades trailing with loss. The company, however, lacks in offering a guaranteed stop-loss order. The mobile versions of these trading platforms are quite useful, but their technical limitations in using high-end trading features can be disappointing for expert traders.