Broker Pepperstone

Review of the broker Pepperstone

Pepperstone-Forex Broker Review

Pepperstone is a regulated ECN/STP Forex broker from Australia which is licenced by the ASIC. This company allows to trade with Forex and precious metals in the spot market. As a pure ECN/STP broker, it has many liquidity providers, such as major global banks. The clients of Pepperstone can trade with variable and low spreads, excellent market quotes and market depth access (Level II quotes).

Type of broker

Pepperstone is an ECN/STP Forex Broker.


This broker is regulated and licenced by the ASIC (Australian Securities and Investment Commision) from which it has received  the license AFSL # 414530 (Australian Financial Services License).

Country of origin

The headquarters of Pepperstone are located in Sidney, Australia.

Trading Instruments

The clients of Pepperstone  are able to trade with the following financial assets:
  • Forex Market: 52 currency pairs in the Forex spot marketincluding the most important such as the EUR/USD, GBP/USD and the USD/JPY and other more exotic like the USD/ZAR and USD/SGD.
  • Commodities: Gold and silver in the spot market, two of the most important and traded commodities in financial markets.

Trading Accounts

The different types of trading accounts offered by this broker are:
  • Edge Standard Account: This is a type of trading account which offers STP execution with institutional grade spreads and is designed for regular Forex tradersIt requires a minimum deposit of $200 and it is based on EDGE technology which allows to trade with fast and efficient executions and with extremely low and variable spreadsThis type of account offers the possibilility to trade with 52 currency pairs with a maximum leverage of 1:400 and minimum transaction size of 0.01 lots. Through this account the investors can use any trading style that they want and open new positions in the market with a single clickPepperstone do not charge fees for customer operations.
  • Edge Razor account: It is a trading account type with pure ECN execution that offers access to the best market prices and is designed for advanced traders and investors who operate with Expert Advisors. The Edge Razor requires a minimum deposit of $200 and it is based on EDGE technology which allows to trade with fast and efficient executions and with extremely low and variable spreads  This type of account offers the ability to trade with 52 currency pairs with a maximum leverage of 1:400 and a minimum transaction size of 0.01 lots. Through this account the investors can use any trading style that they want and open new positions in the market with a single click. Pepperstone charges a fee of $3.5 for each lot traded in the market.
Pepperstone also offers the following special types of trading accounts:
  • Joint Account: These are trading accounts which are designed to be opened on behalf of two people.
  • Company Account: A type of trading account can be opened on behalf of a company or business.
  • Supperanuation or Trust Accounts: This account is specifically designed to be opened and managed by trusts or pension funds.

Demo Account

It offers a demo account with no limit of time and full access to all trading platforms of this company.

Trading Platforms

The customers can operate with the following types of trading platforms:
  • Metatrader 4: It is the most widely used trading platform in the industry for its ease of use, stability and its many benefits to the trader. It is a downloadable application that has many trading features such as updated market prices in real time, various order types, advanced price charts with multiple time frames (from 1 minute to 1 month), market analysis tools, 85 built-in technical analysis indicators and more. This platform enables the creation, evaluation and implementation of automated trading systems, known as Expert Advisors,  which are based on all kinds of trading strategies.
  • Metatrader 5: The new version of Metatrader 4 platform will soon be available in Pepperstone.
  • Metatrader 4 MAM / PAMM: A platform based on Metatrader 4 which is designed for account managers who manage multiple trading accountsin Metatrader. Through this application the trader can manage all accounts from one terminal. It is ideal for managing multiple accounts that use Expert Advisors.
  • Pepperstone Webtrader: It is a web-based platform (no download or installation is required) which allows to trade in the market from anywhere with an Internet connection. This application provides direct access to the Metatrader 4 account and is fully compatible with this platform. Webtrader has full functionality and is integrated with Pepperstone EDGE technology. It also has various trading functions such as market updated quotes, various order types, positions management tools, advanced price charts, built-in technical indicators and updated market news. Through this platform, the trader can view the trends of the transactions made ​​by customers of Pepperstone on each instrument provided by this company, which means that it indicates what is  the percentage of buying or selling positions in a currency pair like the EUR/USD for example.
  • Applications for mobile devices: This broker offers several platforms designed to access the trading account and trade in the market from mobile devices like the iPhone, Android technology-based smartphones and tablets.

Payment Options

The clients of Pepperstone can deposit and withdraw funds from their trading accounts through bank wire transfer, credit card (the most important like VISA and Mastercard), Skrill (Moneybookers) and Webmoney.

Main Advantages of Pepperstone

  • Pepperstone is a properly regulated broker of Australia (is regulated by ASIC).
  • It is an ECN/STP broker means that it provides direct market access to its customers. In this way the investor can trade with fast executions and interbank spreads thanks to the large amount of liquidity providers of this broker.
  • Daily Market Analysis made ​​by experts.
  • The customers of this broker can use automated trading systems (Expert Advisors) through Metatrader 4 platform.
  • This broker offers several applications that allow access to the account and trade in the market from mobile devices such as smartphones.
  • This broker accepts all types of customer strategies, including scalping (fast transactions in the market that can take a few seconds) and hedging.
  • Pepperstone clients can trade with extremely low and variable spreads (depending on market conditions) from 0.1 pips for major currency pairs.
  • Pepperstone offers a good customer service.
  • It has several applications that allow the clients to trade in the market for mobile devices such as smartphones.
  • A personal account manager for major clients that trade with large volumes through this broker.
  • This broker provides free education about the Forex market through the website.
  • VPS Hosting (Virtual Private Servers) for Expert Advisors (Metatrader 4).
  • Through Pepperstone FIX Api the customers of this company can have direct market access  through the FIX protocol (Financial Information Execution).
  • Pepperstone offers the possibility to earn money by promoting its services as a broker through an affiliate program of its property.

Pepperstone Main Promotions 

  • For the moment this broker is no offering any promotion.

Other categories of this broker

  • Gold Broker.
  • Silver Broker.
  • Metatrader 4 Broker.
Minimum account size
The minimum deposit is $200
Minimum lot size
0.01 lots
Maximum leverage
It offers variable spreads from 0.1 pips for major currency pairs like the EUR/USD and the GBP/USD.
Link to website
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