Pepperstone

Pepperstone LogotypePepperstone is an Electronic Communications Networks (ECN) broker established in 2010 and regulated by the Australian Securities and Investments Commission (ASIC). The firm is based in Australia and offers its clients the flexibility to trade any way they like, making it ideal for traders on the move.

Pepperstone’s website does not do justice to the full extent of the trader’s trading experience. Pepperstone has offices in Melbourne, Australia, and multiple branch offices in Shanghai, China, and Dallas, USA.

Pepperstone was nominated for many industry awards over the years and has won awards for innovation, modernization, and superior services in the Forex Brokerage industry. In 2014, BRW Magazine presented Pepperstone with the title of ‘The Fastest Growing Company In Australia. Pepperstone also won the 2014 ‘Governor of Victoria Export Awards.’

Accounts

Pepperstone provides distinctively featured accounts for their clients. For ordinary traders, they offer the Edge Standard account which doesn’t charge commissions and uses Institutional Grade STP Spreads.

Features and Offered Benefits

Offered features by Pepperstone

For advanced EA traders, they have the Edge Razor account which operates using Raw ECN Spreads which start from around 0.1 pip and charges a commission of $3.5 over every 100k trades.

The Platinum account is a segregated account designed specifically for Pepperstone’s Institutional Partners and High Volume Clients. A Platinum account offers premium level services along with an exclusive ECN EDGE execution, and a fully dedicated service manager

Offered Features SideboxFor those investors who are looking for interest-free trading, Pepperstone provides an exclusive Forex swap rate with their Islamic accounts. This allows a trader to hold a position overnight in a foreign currency without interest being charged.

During my extensive research for this Pepperstone article, I was pleasantly surprised to learn that this broker has a demo account which uses the immensely popular MetaTrader4 platform.

Features

Pepperstone investors are presented with the opportunity to benefit from the EDGE Environment. It is the most coveted, inclusive and efficiently operating collection technology. EDGE users can trade with faster execution speeds and benefit from lower spreads.

The most loved FX trading platform i.e. Metatrader 4, is made available to Pepperstone investors by EDGE for direct ECN trading.

EUR Vs USDAnother big advantage of using EDGE is that they give FX traders access to a much deeper market. It allows traders to take advantage of strategies which use features like Block orders and scalping for high volume trades.

Traders have access to 24 of the latest currency pairs in addition to exotic pairs making it one of the largest selection of currency pairs offered by any Forex broker in the industry. Superior liquidity enables the company to easily stream 52 different currency pairs in addition to European pairs.

Pepperstone has joined forces with Equinix, a listed NASDAQ firm, to add electronic trading features to their trade systems. Together, they have built an ultra-modern Forex financial institution just 11 miles from the so-called trading mecca called Wall Street in New York.

The Equinex’s trading facility in New York City is where Pepperstone actively participates in the Financial Exchange. It comprises mainly of a network of various venues where each side has a system of servers connected to banking servers which then all tie into Equinix’s high-end data centers.

Reduce Training CostsAll of the technology housed within the New York-based building ensures that Equinix Financial Exchange is able to provide Pepperstone with easy access to very low latency networks. This allows for the broker’s ability to quickly and easily exchange data with their strategic partners as well as traders nearby.

Another feature offered to investors is the MAM function (Multi Account Manager). This feature is designed primarily for Metatrader 4 money managers and EA traders in need of help in managing multiple accounts.

The MAM provides a server-based, consolidated processes which enable integrations that are not only swift but also dependable. This feature allows a simultaneous trade of hundreds of accounts with just a single click without any delay in distributions.

ASIC RegulationPepperstone investors have access to Myfxbook controlled AutoTrade system. Through this feature, data from other investor’s preferred system can by copied directly into your account without requiring any additional software download or installation.

AutoTrade system functions on its private servers thus eliminate the need for additional software. To benefit from these accounts, a deposit of at least $200 is required, and investors will in return benefit from a leverage of 1:400.

Investors are allowed direct online access to their Metatrader 4 account via the Pepperstone Webtrader. Their online platform functions without a hitch and operates over various processing systems without requiring any software download or installations. It also works across different operating systems such as Windows, Mac OSX, and Linux.

Awards and trophies winningPepperstone Webtrader features real-time market trends and charts with precise indicators and analysis. Webtrader can be accessed by Edge Live and by Demo account holders

Recently, a family business named Aslan Group was acquired by Pepperstone. Aslan Group was a mainly family owned business operating since 2002. Every partner in the company has expertise in online Forex trading. Investors who opt to register for an account with Aslan Group can benefit from cash repayments against every trade that closes throughout a month.

Education

Pepperstone provides newbie traders and regular investors, with up-to-date trade information and latest market trends. Educational articles and an extensive financial glossary, which are updated on a daily basis. Also, the website features an economic calendar that notifies traders of upcoming events.

Deposits/Withdrawals

Segregated client fundsPepperstone allows investors to deposit finances into accounts using various payment methods, which include debit & credit cards, bank transfers, and a vast list of various online payment services including Qiwi, WebMoney, Neteller, and Skrill, etc.

To withdraw money, account holders have to fill out an online form. Usually, a wired withdrawal transfer reaches the bank account within 3-5 working days. Also, in the cases where a credit card is used to fund a Pepperstone account, a withdrawal requested within 60 days since the last deposit will be transferred as a refund to the same credit card.

Customer Support

Pepperstone demonstrates their dedication towards their clients by offering support options. Pepperstone’s website lists a separate telephone number for their offices in Melbourne, Texas, and Shanghai.

The phone number for the Shanghai branch connects the trader to a Pepperstone representative who can converse with investors in their local language. Traders can also get in touch via e-mail or online chat.

Conclusion

ApprovedPepperstone provides investors with high-speed executions, low-cost spreads, and dedicated customer service. The investors have a lot to gain from this broker both via their Forex trading systems and as an Australia-based, regulated ECN broker.

Pepperstone’s website is available in about 50 languages. Unfortunately, the website did not highlight any bonuses or attractive deals something that’s considered an essential feature nowadays.

Pros:

  • Regulated by Australian authorities
  • Available in many different languages
  • Many different customer support options
  • Low Coast Spreads

Cons:

  • Mediocre Leverage

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7 Binary Options review: Pepperstone: 4 stars

John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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