PEPPERSTONE

Company information

Company name
Pepperstone
Website
pepperstone.com
Company Headquarters
Melbourne, Australia
Account Minimum
AUD$200

PEPPERSTONE

Ratings :
2.9/5

Pepperstone is an Australian forex broking that also offers CFDs. It was founded in 2010 and opened its London office in 2015 for the betterment of its European clients. After Brexit, new clients registering from the EU are served with the aid of their German and Cyprus arm. Although the required Pepperstone minimum deposit is none but still some of the CFD brokers in the market demand at least $2000.

Pepperstone is taken into consideration as a secure trading spot because it’s regulated by 3 top-tier financial authorities: The United Kingdom’s financial Conduit (FCA), Germany’s BaFin and the Australian securities and investments commission (ASIC).

Pepperstone’s Pros and Cons

Some of the major pros of Pepperstone is that, Pepperstone’s account opening process is speedy, smooth, and absolutely digital. Customer service presents to the point and relevant answers. Deposit and withdrawal strategies are user-friendly and, in most instances, free of charge.

On the other hand, Pepperstone’s cons include, you could only trade CFDs.

Pepperstone’s Expenses

Pepperstone has low forex and non-trading fees, as no state of being inactive account fee is charged. But as per the CFD financing rates, i.e. Costs for containing CFD positions over night, are high for some belongings. Even though Pepperstone offers a no-extra charge policy with complete transparency. Therefore, in case of any extra price no additional offers may additionally encompass, no foreign exchange and withdrawal expenses. On the opposite, it does charge excessive fees for holding positions overnight. Although, Pepperstone really do have come up with a way to manage the expenditure of the traders which goes in three levels; low, average and high based on how they review all reviewed brokers.

  • Buying and selling costs arise while you trade. Those can be commissions, spreads, financing rates and conversion expenses.
  • Non-trading charges encompass costs not immediately related to trading, like withdrawal fees or state of being inactive expenses.

Pepperstone trading fees is low and is usually charged in the form of commissions and spreads. The fee varies relying on the buying and selling platform you use. The commissions according to lot, i.e., the commission for opening and last $100k positions, are:

  1. $7.53 for Metatrader 4
  2. $7.00 for Metatrader 5
  3. $7.00 for cTrader

Even when we talk about non-trading, Pepperstone has low non-trading fees with no inactivity or account fees. From withdrawal for credit score to bank transfer withdrawal, Pepperstone charges no fees.

Customer Services

Pepperstone customer service is brilliant. You may reach them on several channels and will get quick and applicable solutions. However, it does no longer operate on weekends. Still, you can contact Pepperstone through:

 

  • Live chat
  • Cellphone
  • Email

The customer service providers offer very short and applicable responses to email queries as well. They reply within some hours and their solutions are clear with relevant links attached. Pepperstone customer service is now available in several languages including English, Russian, Vietnamese and Thai.

We, at Pepperstone offer customer support 24 hours a day from Sunday to Friday

Get Registered For FREE Forex Training!

Fill In Your Details To Get Registered For FREE Forex Training!