In this post I will be reviewing the highly recommended Pepperstone forex broker. Pepperstone has been around for many years and has rightly earned itself a fantastic reputation amongst the forex trading community as one of the best forex brokers, if not the best. Pepperstone is a name that I have often seen popping up during my many years of forex trading. I have a forex trading account with them myself – the Pepperstone RAZOR account – and couldn’t be happier with the service they provide. They offer the most popular forex trading platform MetaTrader 4, they have some of the best forex spreads I have ever seen and very reasonable commissions. Furthermore, the wide range of liquidity providers (LP’s) that Pepperstone use ensures they have some of the best price quotes and lightening fast execution with minima (if any) requotes. These factors may or may not sound technical to you, but rest assured, they mean that Pepperstone provides some of the best forex trading conditions possible. You can even quickly setup a free forex demo trading account with Pepperstone to see for yourself. Of course, with all forex brokers, the demo and real account conditions can differ, but this will give you a great idea of what to expect from a forex broker. Trading initially on a demo forex trading account will also allow yourself time to familiarise yourself with the trading platform and to master your trading strategy before moving onto a real trading account. Or, you can even open a small real trading account with Pepperstone as the minimal deposit requirements are very achievable and trading on a real account will give you a feel for the discipline and emotions required to be a successful trader. Finding the right forex broker is a large part of being a successful trader (trading costs considered) and you can rest assured with Pepperstone you have a forex broker with a top reputation for many years.
Pepperstone Trading Accounts
Pepperstone offers a variety of different forex trading accounts for all levels of forex traders. Whatever your trading account budget or requirement, Pepperstone is very likely to have a trading account suitable for you. Using Pepperstone, your forex trading account can access interbank pricing, cutting-edge technology, deep liquidity and super-fast execution speeds. All of the Pepperstone account types are set up in line with Retail trading leverage limits and margin requirements however Professional Clients can trade with higher leverage. You do not need to over leverage your account and the non-professional account will be more than enough for the average forex trader. The Pepperstone RAZOR account has the lowest spreads with a very small commission charge although you can opt for the no commission account with a small spread mark up if you prefer. Personally, I prefer the Pepperstone RAZOR account as the spreads are very low and the execution amongst the best I have used on any forex broker and believe me, I have tried a lot! You will find especially on the major currency pairs such as the EURUSD and GBPUSD, Pepperstone has some of the lowest forex spreads and fastest execution you are likely to find. Pepperstone also offer Islamic accounts and professional accounts for traders who plan to trade large volumes (lots). If you are such a trader then you can rest assured Pepperstone has a vast amount of liquidity providers (LP’s) thus ensuring your large trading volume will be executed with minimal slippage and at the best possible prices.
Why choose Pepperstone?
Pepperstone trading accounts offer cutting edge technology to trade the world’s markets and provide retail forex traders with incredibly low cost pricing across all forex currency pairs with the added security of financial regulation and some of the forex industries leading customer support. Whenever I have had a support question for Pepperstone, the live chat has been very helpful and fast in their response. Pepperstone also offers the MetaTrader 4 (mt4) trading platform which is the most popular and widely used trading platform – it has a quick learning curve and is very user friendly. Furthermore, many automated forex trading systems (forex robots) and forex indicators have been developed to be used in mt4 so another great reason to opt for that particular platform when opening a forex trading account with Pepperstone. Pepperstone provides institutional grade trading to the online retail forex trader, without any complicated account structures or catches. They focus heavily on a fast execution experience with low cost trading, starting from as low as 0.0 on the EURUSD. Pepperstone welcome all trading styles and apply a very low minimum account size. Furthermore, Pepperstone have developed a leading edge execution technology, whilst they also continue to introduce tools for forex traders, including mobile apps and WebTrader, advanced account analytics and their very own proprietary client area. With Pepperstone, you should have everything that you need to start or continue your forex trading at one of the best forex brokers in the word.
What leverage do Pepperstone offer?
Pepperstone have very flexible leverage options for all forex traders, offering up to 1:500. Do not over leverage your account as this can lead to a margin call / stop out. Always trade within your means.
What deposits do Pepperstone offer?
Pepperstone accepts funding methods in AUD, USD, EUR, GBP, CHF, JPY, NZD, CAD, SGD and HKD. You can fund your account via Bank Wire, Credit/Debit cards, Skrill, Local Bank Deposit, Neteller, Bpay, Union Pay and more.
What regulation does Pepperstone have?
Pepperstone is strictly regulated by governing bodies and includes negative balance protection of client’s funds. You can gain great peace of mind trading with a regulated forex broker such as Pepperstone. You can focus on your trading success without worrying about your brokers security!
Pepperstone Review Summary
Pepperstone is one of the best forex brokers that I myself and many other forex traders over the world have had the pleasure to trade with. The simplicity of account opening / funding and the mt4 trading platform make Pepperstone a very attractive forex broker not to mention the strict regulation that they have which gives great reassurance. The customer support is also amongst the best you can ask for whilst importantly, the trading conditions are excellent and everything you could ask for in a forex broker.
NOTE: IC Markets does not accept US clients due to strict US regulations. US clients can try Pax Forex for competitive trading conditions.