Let’s start this Pepperstone review by saying this is a well-regulated brokerage that offers a wide range of modern trading platforms. The platform is optimised for mobile trading and provides advanced account analytics and your own proprietary client area. In fact, everything a trader needs to be happy; irrespective of whether you are a new or experienced trader, you will have everything you need.
The Pepperstone demo account is offered on Meta 4 & cTrader for 30 days, and you’ll also have 50,000 AUD to practice trading with, giving you plenty of opportunities to explore how this broker can work for you. You will find over 70 Forex currency pairs, with a 1:500 Forex leverage with feature spreads starting from 0.0 pips. Prefer CDF’s? Pepperstone offer 13, along with Bitcoin, Ethereum, Dash and Litecoin-based CFDS,
Remember, you don’t actually get to buy the currency just trade in the price swings. There are different accounts to sign up for from single to retail traders and includes a Sharia-compliant Islamic account. All accounts have a minimum AUD 200 deposit. As you can see, there are plenty of reasons to choose this platform, from its trading potentials to its dedicated and award winning customer service.
Is Pepperstone A Scam? Is Pepperstone Regulated?
A Pepperstone scam? No, this company is not a scam, that is not to say that there no complaints but those we found do not indicate any illegal or suspicious practices. The Australian registered company, Pepperstone Group Ltd, originated in 2010 and still handles the brand in Australia. Licensed by the ASIC, the company keeps the client’s monies in segregated accounts at the National Australia Bank; regular third-party audits are carried out by Ernst and Young. Remember though; the ASIC only covers Australian traders.
In Europe, the company is held by a different corporate account that was established in 2016 and holds an FCA license that allows traders from all over the EEC to trade safely under its auspices. Clients monies here are held by Barclays. Having one of the most stringent regulators watching over you, and holding an impeccable reputation among FX and stock brokers, you can commence trading with this company in the knowledge that this is not a scam and focus on the business of trading. As always with any new company check out their terms and conditions to make sure the small print meets your requirements.
Alternatives To Pepperstone
Before you make your decision if Pepperstone is the broker for you, check out our Libertex review. This CySEC regulated company also has an excellent reputation among CFD brokers. This award-winning company has been established more than 20 years and has garnered over 30 awards including the ‘Best Trading Application for the European Union by Global Banking and Finance Review’ in 2016.
Based in Russia, it is available in 27 countries but not the USA. Another company to consider is eToro; this ‘social’ broker is the number one broker that others emulate with its innovative approach offering new updated solutions and technologies to keep every trader happy.
Find the best trading platform. You capital is at risk when trading. Be careful.