Pepperstone Review – Make sure of your choice!
Jan 23, 2019 at 12:31 pm #2096
Pepperstone is one of the many Forex and CFD brokers that populate the internet today, and while such a variety is positive for traders, it makes it easier for scammers to make their way to unaware investors.
That is why it is important to inform yourself before making any choice that compromises your capital. That is also why we are presenting you this Pepperstone review!
Pepperstone is a CFD broker based in Australia.
Being a CFD broker means that you are not interacting directly with the assets you choose. While that may scare off some investors—especially new traders—it also means that leverage is higher, but be careful with this.
Its overall presentation is that of a sophisticated broker that looks to please professional traders without sacrificing intuitiveness.
Trading Account Types and Platforms.
The Standard Account offers traders the chance to trade without commissions, but with an average 1-pip spread for trades.
Traders looking to pay a bit more for a more precise and advanced account can go with the Razor Account.
Another account is the Swap-Free Account, which gives traders the opportunity to trade without interests in the case of not being able to use swaps.
The Active Traders and Institutions programme can be accessed by contacting the Pepperstone support, and it can be adapted to your trading style.
When it comes to the platforms used, traders can find the familiar MetaTrader 4 and access MT5, cTrader, a Web Platform, and Android and iOS.
Spreads, Fees, and Costs.
A constant in more than one Pepperstone review is the low cost of operating, and it remains true here.
Interbank spreads can go as low as 0 pips, and hardly reach above 1 pip. Given the large bank pool and its liquidity, it is great news. CFDs also allow for low spreads, and leverage is variable up to 500:1 for professional clients.
The minimum deposit is average, being $200.
This point is a highlight for this Peppermint review, as it offers many funding methods for clients regardless of their possibilities.
It allows for the use of Visa’s Verified by Visa and MasterCard’s SecureCode to fund your account without paying any fees.
For instant funding without regards for the day, traders can also use Skrill or Neteller.
And last but not least, there is the broker-to-broker transfer function, an option that is rare among brokers, and this was the first time I saw it. It lets you transfer your funds from another broker to Pepperstone, and it takes 2 or 3 days.
Anyone worried about regulations should rest assured that this broker is licensed by the Australian Securities and Investment Commission, and it also shows as licensed by the Financial Conduct Authority.
While it is not as famous as other online brokers, the end of this Pepperstone review cannot do much other than recommend it.
It offers all of the features of a good broker with a low cost and licenses from some of the best known financial authorities, so yes, it qualifies as a great choice for anyone looking to start trading—or experienced traders looking to switch for a more versatile platform.00
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