Pepperstone is a CFD broker with multiple tier-1 regulations. They offer currency pairs and other CFDs which include cryptocurrencies, shares, indices, ETFs, commodities, and currency indices
Pepperstone is licensed with Australia Securities and Investments Commission (ASIC) as Pepperstone Group Limited. ASIC is one of the top-tier regulators of financial services providers. We consider Pepperstone a low-risk broker because of this.
Traders in Australia can open a trading account and deposit/withdraw via bank transfer, Neteller, PayPal, and other options available. Pepperstone has an office in Australia and offers an Australian Dollar (AUD) base currency account. The forex broker also has an AU toll-free number for customer support.
|Address||Pepperstone Group Limited, Level 16, Tower One, 727 Collins Street, Melbourne, VIC 3008, Australia.|
|Minimum Deposit||No minimum deposit|
|Maximum Leverage||30:1 (retail traders), 500:1 (professional traders)|
|Regulation||ASIC, FCA, CySEC, CMA, BaFin, DFSA, and SCB|
|Trading Platforms||MT4, MT5, and cTrader for PC, Mac, Web, Android|
|Start Trading with Pepperstone|
- Pepperstone is licensed with ASIC
- No account dormancy fee
- You can deposit and withdraw your funds via local banks
- Pepperstone offers an AUD-base currency account
- The forex broker has a physical office in Australia
- Good customer support
- Pepperstone supports MT4, MT5, and cTrader. These platforms are available on PC and mobile phones.
- No enforced minimum deposit
- You cannot lose more than your capital.
- Pepperstone charges extra commission per standard lot
- No guaranteed stop loss order
Regulation and Safety of Funds
Pepperstone is considered low risk for traders in Australia because they are regulated in the region. In addition, they also have another top-tier regulator in the Financial Conduct Authority (FCA). Let us take you a little deeper into Pepperstone’s regulators
1) ASIC: Pepperstone registered name with ASIC is Pepperstone Group Limited. ASIC issues all financial service providers an Australian Financial Services License (AFSL) Number. 414530 is Pepperstone’s AFSL number.
2) FCA: The Financial Conduct Authority (FCA) is the United Kingdom’s financial watchdog. Pepperstone is regulated by the FCA as Peperstone (UK) Limited. Their FCA reference number is https://register.fca.org.uk/s/firm?id=001b000000nQHG2AAO.
3) CySEC: Cyprus Securities and Exchange Commission is based in Cyprus. Pepperstone registers traders from other European regions under this regulator. Pepperstone is regulated with CySEC as Pepperstone (EU) Limited. Their company registration number is 398429 with license number 388/20.
4) CMA: Capital Markets Authority is based in Kenya. Pepperstone is regulated by the CMA as Pepperstone Markets Kenya Limited. Their license number is 128.
5) DFSA: DFSA is Dubai Financial Services Authority. Pepperstone is regulated with the DFSA as Pepperstone Financial Services Limited with license number F004356.
6) BaFin: BaFin is Germany’s financial watchdog. Pepperstone is regulated in Germany as Pepperstone GmBH with license number 151148.
7) SCB: SCB is Securities Commission of The Bahamas. Pepperstone is regulated as an SIA company under the name Pepperstone Markets Limited. Their license number is 177174 B/SIA-F217.
Maximum leverage for fx pairs is 30:1 for retail traders. Professional traders can leverage up to 500:1 for fx pairs. Pepperstone’s leverage for other CFDs is shown below. We have compared the Professional and Retail Leverage for you
|Instruments||Professional Leverage||Retail Leverage||Major Forex Pairs||Up to 500:1||30:1|
|Minor Forex Pairs||Up to 500:1||20:1|
|Major Stock Indices||Up to 200:1||20:1|
|Minor Stock Indices||Up to 100:1||10:1|
|Gold||Up to 500:1||20:1|
|Oil||Up to 100:1||10:1|
|Other Commodities||Up to 50:1||10:1|
|Cryptocurrencies||Up to 10:1||2:1|
|Equities or other assets||Up to 20:1||5:1|
Note: Forex pairs and other CFDs are leveraged products and you can lose your trading capital.
Pepperstone Account Types
Pepperstone Australia has two account types – a Razor Account and a Standard Account. You can open either of the two accounts with AUD as your base currency.
Let’s take a deeper look at these accounts
1) Razor Account: The Razor Account is a raw spread account with low average spreads. The minimum spread for most currency pairs is zero. In addition, there is an extra commission per standard lot.
2) Standard Account: This account type is different from the Razor Account. The spreads are not raw and the typical spread is high for major currency pairs. Pepperstone does not charge an extra commission per standard lot on this account.
Pepperstone’s fees are on their website for potential clients to see. Here is a review of their fees below:
1) Spread: Pepperstone offer different spreads on their two accounts. The Razor Account has raw spread so they are typically low. The average spread on the Standard Account is higher. You can see the average spread for major currencies for both accounts in the table below:
|Major Currency Pairs||Razor Account||Standard Account|
|AUD/USD||0.24 pips||0.84 pips|
|EUR/USD||0.17 pips||0.77 pips|
|GBP/USD||0.59 pips||1.19 pips|
|USD/CHF||0.49 pips||1.09 pips|
|USD/JPY||0.26 pips||0.86 pips|
|USD/CAD||0.47 pips||1.07 pips|
|NZD/USD||0.52 pips||1.52 pips|
Pepperstone’s swaps are only accessible on their trading platforms. You can only find the formula to calculate the swap on their website.
2) Commissions: Pepperstone only charge commissions on their Razor Account. The commission differs based on the trading platform you choose. If you are using MT4/MT5, you pay a commission of AUD 3.50 per standard lot. This means your round-turn commission is AUD 7.
On the other hand, the commission on cTrader is $3 per standard lot ($6 round-turn).
3) Non-Trading Fees: Non-trading fees refer to funding fees, withdrawal fees, and inactivity charges. Pepperstone charges low non-trading fees. See details below:
|Deposit fees||Withdrawal fees||Inactivity charges|
How to Open a Trading Account with Pepperstone
You need a live account before you can start trading. Here are the basic steps for signing up with Pepperstone:
Step 1) Go to Pepperstone’s website at www.pepperstone.com/en-au
Step 2) Click on the ‘Join Now’ button, highlighted in the yellow box, at the top right side of the page.
Step 3) Enter your emai and click on “Get Started”.
Step 4) You will enter your email again, and fill in your account type, country of residence, and preferred password.
Step 5) At this point, you have access to your secure client area where you are required to fill in more details about yourself. Your date of birth, nationality, and identity document is required here.
Step 6) Scroll down on your secure client area to choose your trading platform, account type, and base currency
Step 7) Next, you will be required to upload a valid ID document to verify your identity and a proof of residence to verify your address. You will also need to very your employment and income.
Step 8) After your documents have been approved, you should receive an email that contains your login details for your trading platform. You can proceed to fund your account and begin trading.
Pepperstone Deposits & Withdrawals
Traders in Australia can fund their accounts or withdraw via multiple channels supported by Pepperstone. Bank transfer, credit/debit card (Visa or Mastercard), POLi, Bpay, PayPal, Union Pay, and Skrill are available for transactions.
By all means, avoid using third-party accounts. You might have issues withdrawing your money because Pepperstone will not remit to third-party accounts.
What is Pepperstone’s Minimum Deposit?
Pepperstone does not enforce a minimum deposit. According to their customer support, traders usually deposit AUD 200 for a start. However, Pepperston recommends a minimum deposit of AUD 500 because of margin requirements.
What is Pepperstone’s Minimum Withdrawal?
There is no specific minimum withdrawal. It depends on your preferred withdrawal method. Your money might take 3-5 working days to arrive in your account if you are withdrawing via bank wire transfer
How do I Deposit/Withdraw Funds?
Deposit/withdrawal is easy. All you need to do is go to your secure client area and click on “Funds”. Right there you will see an option to “Add Funds” or “Withdraw Funds”.
Trading Instruments at Pepperstone
Pepperstone offers over 1,200 trading instruments. All instruments are offered as CFDs. You can find their classification in the table below:
|Dividends for Index||Yes||22|
|Dividends for Shares||Yes||25|
Pepperstone Trading Platforms
Pepperstone UK does not have a proprietary trading platform. They support third-party platforms in MT4, MT5, cTrader, and TradingView.
1) Pepperstone MT4: With this platform, you can customise the way you trade. It allows automated trading and you can your Expert Advisors using MQL4. It also comes with Autochartist, Smart Trader tools, and 85 pre-installed indicators. The downside, however, is that shares CFDs are not offered on it. Pepperstone MT4 is available on Android, iOS, and desktops.
2) Pepperstone MT5: Pepperstone MT5 is advanced and is available on Android, iOS, Windows, and Mac devices. Coding is more accessible in MQL5 and analysis is deeper with 21 timeframes. It has Autochartist and Smart Trader tools too. And shares CFDs are available on it.
3) cTrader cTrader is growing in popularity among traders. Pepperstone’s cTrader is optimized for indicators and EAs. You can customise your trades via cTrader Automate and enjoy advanced risk management. pepperstone cTrader is available on iOS, Android, and Windows. It is not available on Mac.
4) TradingView: TradingView is a third-party platform with advanced drawing and technical tools. You can connect your trading account to the platform and trade directly from there. Only Razor Accounts can get connected. TradingView is available on desktops and mobile devices.
4) Capitalise.ai: Capitalise.ai is a third-party automation tool. It allows you to automate your trades without having to code. With Capitalise.ai, you can plan and execute your trades quickly without your emotions getting in the way.
Capitalise.ai can run 24/7, making sure you do not miss trading opportunities with timely entries and exits. Apart from automation, you can also improve your knowledge with Capitalise.ai’s strategy library and learning center. Pepperstone clients can access these and more via Pepperstone MT4 without extra costs.
Pepperstone Australia Execution Policy
Pepperstone is an ECN broker. They do not take the opposite side of your trades or operate a dealing desk. As mentioned, the forex broker has a Razor Account with raw spreads typical of ECN conditions. Pepperstone strives to achieve the best execution for traders. They consider factors such as price, costs, speed
likelihood of execution and settlement (liquidity), size, nature, type, characteristics of the financial product, and characteristics of the possible execution venues
if you don’t get the best prices, it will be because of one of these conditions. For example, in periods of low liquidity, spreads tend to widen, and that will affect the final price that is quoted. Execution venues also play an important role in execution. Pepperstone uses five execution venues according to our research. These venues are constantly reviewed to make sure the best prices are provided.
When executing your trade, Pepperstone takes into consideration price and cost as important factors in achieving the best results for you. However, other factors such as execution speed, nature of order, etc, might be considered more important in certain conditions. These conditions include:
– your categorisation as a retail or professional trader. For retail traders, the important factors remain cost and price.
– order characteristics
– characteristics of the CFD you want to trade
– characteristics of execution venues
– specific instructions or objectives that relate to your trade.
How these conditions give you the best results is determined by Pepperstone.
Pepperstone Education and Research
Pepperstone UK has a comprehensive learning and research package. It is free and accessible to clients and non-client. Here is how Pepperstone helps you learn:
Learn to Trade: The ‘Learn to Trade’ section is divided into learn to trade CFDs, learn to trade shares, and learn to trade forex. Under learn to trade CFDs, the focus is on how to trade gold (XAU). It covers the best way to trade gold and key fundamental factors to consider.
Learn to trade shares deals with how to trade stocks as CFDs. The content in the section is introductory and good for beginners.
Learn to trade forex is divided into beginner, intermediate, and advanced content. It covers important concepts like pip value, technical analysis, trading terms, etc. All content in the learn to trade section is all text. No videos.
Trading Guides: The trading guides is a miscellaneous section. Different concepts of forex and CFD trading are explained here. Each topic is categorized as beginner, intermediate, and advanced. With this, you can know the topic to read at your level.
Webinars: You can register to join Pepperstone expert webinars. When you do, you will get a reminder so you can join live. Past webinars are also available so you can watch them. The webinars go back as far as 2019 and beyond so you can find and watch discussions that interest you.
Market Analysis: The Market Analysis section is to aid your research. It is divided into market news, daily fix, trading charts, and the economic calendar. The market news tracks economic events and important news that are relevant to the market. It is designed well and one news can focus on a single or multiple CFDs.
The daily fix and economic calendar are grouped together. The economic calendar helps you know the exact date and time important data or economic information will be released. The daily fix provides more details on the data and economic information to be released.
Trading charts are the final arm. Here, you get trade ideas based on technical analysis. Charts of CFDs are provided with indicators, trendlines, and analysis showing where the price may go. While this might be an easy way to avoid spending too much time on charts. We advice that you combine the trade ideas with your own analysis too.
Pepperstone Talks: Pepperstone talks is a learning initiative. The company brought it forth in 2023 so it is pretty new. Pepperstone talks offer you deep insights and new perspectives in trading from market experts. The goal is to help you make sound trading decisions amidst increasing market unpredictability.
Pepprstone talks hold in webinar style. It is a live session so you will need to register to secure a spot.
MT4 Course: This a new platform education package put together by Pepperstone. The course is presented by an expert and you will learn a lot of good stuff. This course is good for you if you are a beginner. You will learn how to automate your trades, maximize the featues on MT4, and MT4 shortcuts that will save you time.
Here is a breakdown of the course.
Pepperstone Australia Customer Service
Pepperstone has good customer support service. If you are a trader in Australia, you can reach Pepperstone via
1) Live chat: Pepperstone gives fast replies on their live chat. Their chatbot named Pepper can transfer you to a live customer representative. We tested this and got a reply after four minutes. You do not need to open an account before you can use Pepperstone’s live chat. You only need to fill in your name and email.
2) Phone number support: Pepperstone have an AU toll-free number for Australian traders. The number is 1300 033 375. An international mobile number is also available (+613 9020 0155). These numbers are available 24/5
3) Email Support: Email support is available on [email protected]. Response from Pepperstone’s email support is not as fast as the live chat. We got a response 23 minutes after we sent in an inquiry. The answers given were straight to the point and relevant to what we asked.
Do we Recommend Pepperstone Australia?
Pepperstone is a low-risk broker for CFD traders because they have multiple tier-1 regulators. In addition, they have a raw spread account. They do not enforce a minimum deposit and offer negative balance protection. This means you cannot lose more than your trading capital.
Pepperstone’s trading fees may be on the high side for some instruments but they do not charge account inactivity fees or funding fees. They also offer a variety of CFD instruments in good numbers. Based on our review, we recommend Pepperstone as a reliable broker.
FAQs on Pepperstone Australia
Is Pepperstone Australia a true ECN?
Pepperstone is technically not ECN but they have a raw spread account similar to that of ECN brokers. In addition,pepperstone operates no dealing desk model.
Is Pepperstone regulated in Australia?
Pepperstone is a legit broker. They are regulated with the Australia Securities and Investments Commission. Furthermore, they are regulated by the Financial Conduct Authority, which is another tier-1 regulator. Pepperstone are safe and low-risk.
What is the minimum deposit at Pepperstone?
Pepperstone Australia have no minimum deposit. They, however, recommend a minimum deposit of AUD 500 to cover margin costs.
Does Pepperstone have AUD Account?
Pepperstone offers AUD base currency accounts. All you need to do is select your base currency as AUD when signing up.
Note: Your capital is at risk