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Pepperstone Review


Editor's Review

Pepperstone Rating
9 Security
9 Spreads
7 Customer Service

Founded in 2010 in Melbourne, Pepperstone has grown to be a major player in the online forex brokerage industry, transacting over $100 billion in monthly FX volume. In 2016, Pepperstone attracted a strategic investment from CHAMP Private Equity, one of the leading investment firms in Australia


Trading Accounts

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 a higher level of service:  superior ECN EDGE execution and also an experienced and dedicated manager working with the account holder. What is more, there is a swap-free account compliant with Sharia law available at Pepperstone.


The Company & Safety 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.

Additionally, Pepperstone stated on its website that it maintains client segregated accounts held with top-tier banks and also that it holds Professional Indemnity Insurance with Lloyds of London.


Commissions & Spreads

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 0.8 pips for the Edge Razor account.

Another component of trading costs is 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. Speaking of trading costs, we should also mention that admin charges are applicable to the Islamic account type if a trade has been held for 3 days or more. Their amount ranges from 3 to 150 points, depending on the currency pair.

Another feature offered by this broker that is worth our attention is the Pepperstone Price Improvement (PPI), which in fact is positive slippage. The PPI technology fills your orders at a more favorable level automatically should prices move to traders’ advantage.



As for leverage, the maximum leverage provided by Pepperstone is 1:500 which is considerably high.



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.


Deposit & Withdrawal

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.



In conclusion, Pepperstone is one of the leading Australian-based brokerages, offering real fast execution, extremely low spreads, transparent pricing and reasonable trading costs.

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