A great selection of trading platforms is available to traders through Pepperstone. Due to its low trading fees, quick trade executions, and great asset choices, it keeps growing its market position. To find out if Pepperstone is deserving of the high appreciation it receives, read my analysis of this broker below.
What is Pepperstone?
The famous international trading platform Pepperstone is renowned for its excellent 24/7 customer support, competitively priced spreads, and lightning-fast 30ms order performance on a wide selection of leveraged CFD trading choices for trading stocks, currencies, and cryptocurrencies accessible on desktop and mobile.
Pepperstone is suitable for new and experienced traders due to its advanced, in-depth trading platform features and wide educational resources.
Types of Accounts:
Pepperstone has three types of accounts.
1. Pepperstone Standard Account:
This commission-free trading account has no minimum deposit requirement.
The spreads on the EUR/USD average 0.77 pips involve costs. It is one of the most affordable brokerage accounts available.
It is ideal for new traders who don’t want to waste time figuring out charges.
2. Pepperstone Swap-free Account:
For customers who are unable to pay interest, Pepperstone provides a swap-free account for people from countries with a majority of Muslims, including Malaysia.
The Swap-free Account has adjustable spreads that average between 1-1.2 pip on the EUR/USD and is commission-free.
On trades that have been open for longer than 10 days, Pepperstone offers a fixed administration fee rather than a nightly swap fee.
This cost fluctuates based on the product being sold, however, it is 50 USD for Forex and rare metals and 1 USD for soft products like cocoa and coffee, and cryptocurrencies.
3. Pepperstone Razor Account:
The Razor Account, which is Pepperstone’s raw spread account, has no initial deposit requirements. The EUR/USD spread averages 0.17 pip, the lowest average spread we have found at any broker, yet there is a commission.
The exchange rate of your account, your trading volume, and your trading platform all affect the charges you pay.
What can you trade with Pepperstone?
Due to legal limitations, different businesses operating under Pepperstone may provide various trading instruments.
Several trading instruments are available depending on the entity holding the customer account and their country of residence. Moreover, the trading platforms you select to use may affect the trading instruments Pepperstone offers.
With Pepperstone, you may trade a huge selection of instruments over 1200 instruments.
Pepperstone offers over 70 currency types if you’re seeking for Forex brokers to trade currency pairs on the international Forex markets.
Traders accept the following payment methods at Pepperstone:
- Bank wire transfers
- Credit/debit cards
- Union Pay
Trading in cryptocurrencies is open around-the-clock from Sunday through Friday, with every day breaks between 23:59 and 00:05.
There is a break on Saturdays from 17:00 to 23:59 and from 0:00 to 01.01. Trading in forex is offered every day from Monday 0:00 to Friday 0:00.