Pepperstone CFD Broker Review 85

Pepperstone Limited is fully licensed and regulated by the FCA (Financial Conduct Authority) to offer real money CFD trading of Forex and cryptocurrency products. This popular Australian-based financial services company was established in 2010 and has become one of the ranking providers of CFD trading services around the world.

About Pepperstone

Pepperstone UK was launched in 2016, and it now provides CFD and crypto trading options to clients across the United Kingdom and continental Europe. Pepperstone is fully regulated by the Australian Securities and Investments Commission (ASIC) in Australia. In the UK, and the European Economic Area (EEA), Pepperstone trades under Pepperstone Limited. For Australia and other countries, it trades under Pepperstone Group Limited.

Account Options

Pepperstone offers two basic account options to clients: a live account and a demo trading account. Traders can quickly and easily start trading FX, and cryptocurrency online in just 4 quick steps. It takes approximately 6 minutes to complete an account registration at this established broker. The demo account offers clients the option of a 30-day practice trading account. It is quick and easy to set up, with just 3 simple steps required. Traders will have access to $50,000 in demo trading funds included. The demo account – practice account – takes just 3 minutes to register for. It’s important to point out the demo account simulates real market conditions, in real time.

There are several different types of accounts available in the real money trading platform, including:

  • Edge Standard Account
  • Edge Razor Account
  • Edge Swap Free Account
  • Edge Active Traders Account

Trading Platforms

Pepperstone offers MetaTrader 4 (MT4), and cTrader as its primary trading platforms. However, there are a total of 11 trading platforms available to make it quick and easy for traders in Australia, the UK, and across Europe to trade CFDs and cryptocurrency. There are 11 platforms provided for CFD and cryptocurrency traders, including MetaTrader 4, MetaTrader 5, and WebTrader – Pepperstone’s proprietary brand, among others. Additional information is provided for the trading platforms including API trading, MAM/PAMM, and comparative analysis of the trading platforms.

Trading Assets

Pepperstone is now a leading cryptocurrency trading platform. However, a wide range of financial instruments is available for clients, including commodities, precious metals, contracts for difference, and forex. All in all, Pepperstone provides clients with 70+ currency pairs, commodities like gold, silver, natural gas, oil, indices like the FTSE 100, Dow Jones, NASDAQ composite index, S&P 500, etc.

Cryptocurrencies – Cryptocurrencies include Litecoin, Dash, Ethereum, and Bitcoin. These are traded against the USD, with 5:1 leverage on the trading platforms. No actual cryptocurrencies are purchased, they are traded in a CFD format:

Forex trading – 70+ currency pairs including majors, minors and exotic options

Index CFD Trading – 13 global bourses including the Dow Jones, NASDAQ, FTSE 100, CAC, DAX, Nikkei 225

Precious Metals – palladium, gold, silver, and platinum are among the many precious metals available to traders

Energy – Brent crude oil, WTI crude oil, natural gas

Customer Support

Pepperstone Limited customer support is available through multiple channels. There is 24/7 online support available through live chat and email ([email protected]), as well as local telephone numbers, fax numbers, general support, IBs (introducing brokers), and press email. The company also has offices in Shanghai, China; Dallas, United States, and Bangkok, Thailand. Cryptocurrency clients can easily send a message to Pepperstone via the online contact form and responses are dealt with promptly and professionally. Customer support is available in multiple languages including English, Spanish, Russian, Chinese, Vietnamese, Arabic, Italian, French, German, Polish and others.

Safety and security for Cryptocurrency Traders

Pepperstone offers SSL security, firewall protection and the highest levels of safety and security for digital currency clients. Client funds are maintained in segregated accounts from company accounts to protect against insolvency, bankruptcy, or claims against the company. Full ASIC and FCA licensing and regulation ensures compliance with regulatory standards for clients across the board. This makes it one of the safest online brokers to trade cryptocurrency at.

Banking options

Banking options are accessible through the client area. Clients simply need to enter their email address/password and then login to access the deposit and withdrawal options. There are currently 8 funding methods available including these options: Verified by Visa, MasterCard SecureCode, credit/debit card, Skrill (Moneybookers), Neteller, and Broker to Broker. There are no fees charged by Pepperstone on deposits/withdrawals, however banks and financial institutions may levy fees on these transactions.

Bottom Line

Pepperstone Ltd is internationally regarded as one of the leading providers of cryptocurrency trading. An extensive range of instruments is available at this brokerage, notably cryptocurrency trading. The rapid advances in blockchain technology have facilitated a virtual explosion in interest in Bitcoin, Ethereum, Dash, and Litecoin. Pepper stone limited offers clients leverage of 5:1, hedging on a single account, access to institutional quality spreads and cryptocurrency trade executions, and zero commission fees on trading activity. Pepperstone Ltd has a rating of 4/5 from 269 reviewers on the independent review site, TrustPilot.

Pros

  • Active social media pages
  • Segregated client accounts
  • Multiple customer support options
  • Forex, commodities, indices, CFDs, and crypto
  • Fully licensed and regulated by FCA and ASIC
  • 11 trading platforms for mobile, PC, Mac, and tablets
  • Spreads from 0.0 pips and the $0 commissions on STP spreads

Cons

  • Clients from the following countries are not allowed to trade: United States of America, New Zealand, Japan, Burma, Canada, Côte d’Ivoire, Democratic People’s Republic of North Korea, Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Iran, Iraq, Lebanon, Liberia, Libya, Somalia, Sudan, Syria, and Zimbabwe.
  • No bonuses or promotions at the time of writing
Pepperstone Overview
Website: www.ig.com
Regulation: ASIC, FCA
Assets offered: CFDs, ETFs, Forex, Indices, Shares, Commodities
Minimum Deposit: No Minimum Deposit
Deposit Options