pepperstone review

Visit Pepperstone

79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

What is Pepperstone?

Pepperstone Group has quickly emerged as one of the top brokers in the online trading sector since its founding in 2010. The company is regulated in a number of jurisdictions, including the UK (FCA 684312), Australia, Germany, Dubai, Kenya, among others.

Pepperstone Expert Review

Pepperstone UK’s offers trading in a variety of instruments. Pricing and commission varies from asset to asset.

Like a few other brokers, Pepperstone operates a tiered approach to trading accounts. Newer clients typically joined Pepperstone’s standard accounts; more experienced traders can elect to join the firm’s Razor account. The latter is used mainly for scalping and algorithmic trading. As seen below, Razor accounts have lower spreads than standard accounts in the FX markets but they also incur some commissions.

For spreadbetting, there is no commission.

Pepperstone does not charge inactivity fee, which is excellent for low latency traders. The firm has no regular maintenance fee like some investment accounts.

There is no minimum deposit either, although the firm does recommend £500 for a live account. Any lower amount is unlikely to sustain the account for long because of market volatility and leverage.

In the UK, Pepperstone offers protection on negative balance for retail clients only. This means that, should the market swing violently against you and depletes the entire equity and more, the account will reset to zero. Professional accounts, however, will be required to post additional equity.

For funding, Pepperstone accepts Visa, MasterCard, Paypal or bank transfer.

Most withdrawals are free, although international Telegraphic Transfer (TT) may incurred fees by the banks which will be passed on to clients.

Pepperstone Stocks

Pepperstone is an execution-only broker and it is not an investment platform. This means that it does not offer ISA or SIPP accounts for cash stock buyers (unleveraged investors).

The niche of the firm lies in leveraged betting on share price movements, whether up or down. Pepperstone allows spread betting and CFD on leading shares in the US, UK (FTSE 100), Germany and Australia. The selection of stocks on the platform is typically large-cap stocks with better liquidity and tighter spreads. Altogether, you can trade on about 200-300 leading shares and 30 equity indices.

Bear in mind that there is commission for Razor accounts on CFD equities.

Pepperstone Crypto

Cryto asset market is one of the hottest investments this year. Bitcoin has edged out gold as the favourite asset to hedge inflation risk. Prices for some of the crypto coins have surged massively, most notably Ethereum or Dogecoin.
 
Unsurprisingly investor interest in the sector has gone up significantly. Pepperstone has a small operations on the crypto market. The platform offers directional betting on a few coins such as Bitcoin, Dash or Ethereum, primarily using CFDs. This reduces the need for wallets or accessing crypto exchanges. Crypto spreads on Pepperstone’s platform are in line with the industry average.
 
Note: crypto-trading is only available to professional traders, that is, clients with portfolio assets exceeding half a million euros and are well versed in financial trading.
 
 

Pepperstone Social Trading

Social trading is a new phenomenon that relies on the network effect. A well-researched – and profitable -trading algo may be copied by many other traders, hence the term ‘copy trading’. The leading firm in this regard is eToro (see GoodMoneyGuide on eToro).
 
Pepperstone is riding on this new wave (link). It has partnered with MetaTrader Signals, Myfxbook and DupliTrade to offer customers the ability to copy some of the successful trading systems used by others. You will have to register in these third-party websites to link back to your Pepperstone account (see below):
You can select which instruments to copy trade, although there may be further requirements like minimum funding.
 
To choose external trading signals requires a careful analysis of past performance. The higher the risk-adjusted return, the better.  The only problem is that past performances usually don’t last forever. Traders will have to weigh the pros and cons of copying successful systems – and what to do when the system breaks down.
 
 

Pepperstone Education and Analysis

Trading is a professional activity with an emphasis on continual learning. Research is thus important for traders, as breaking news, timely stock analysis, and accurate trading signals can improve the edge of a trader.

Pepperstone maintains a small research team. First, education about trading is well-rounded. The firm has partnered with FX Evolution to deliver selected trading topics useful for new traders. On markets, Pepperstone output daily markets articles like most other brokers on trending topics such as crypto movements or central bank meetings, which you can find on its website’s Market Analysis section:

One aspect worth noting is that Pepperstone is employing social media like Youtube to showcase and market their platforms (Pepperstone Youtube channel). There is a vast quantity of educational and market-related videos on Pepperstone’s Youtube channel; some are partnered with FX Evolution and some are in-house.

In sum, there is a good amount of free material on Pepperstone site for any trader to digest.

Pepperstone Customer Reviews

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Pepperstone
Average rating:  
 5 reviews
 by Frank

I am a year with Pepperstone now. Best execution I have seen so far.

 by Stephanie

It’s rare to come across a broker who puts their clients first and Pepperstone excels at this. Wouldn’t trade anywhere else!

 by Stephanie

It’s rare to find a broker that truly puts their clients first and Pepperstone excels at this. Wouldn’t trade anywhere else!

 by Luke Suddards

Fantastic customer service – friendly and very responsive. A wide variety of products to trade and a trustworthy broker. Very happy.

 by Chris

Have been with Pepperstone for 4 years. Haven’t had any issues. Solid platform

Pepperstone CEO Interview

Tamas Szabo Pepperstone CEOTamas Szabo, Pepperstone CEO on what clients really want from their forex broker

As a relatively new forex broker founded in Australia in 2010 Pepperstone has been gradually expanding it’s global footprint as well as offering more tradable instruments and moving on from the core Forex pairs in the UK and Europe. read more

Pepperstone Frequently Asked Questions:

Is Pepperstone safe?

Yes, to a certian point. As Pepperstone is authorised and regulated by the Financial Conduct Authority (FCA, registration number 684312).  Client bank accounts are segregated at regulated banks, and will not be mixed with Peppperstone’s account.

In the event of liquidation, up to £85,000 may be compensated by the Financial Services Compensation Scheme (FSCS).

How does Pepperstone make money?

Pepperstone earns income through commission, spreads, and financing overnight open positions.

Is Pepperstone good for new traders?

Yes, Pepperstone is a beginner-friendly financial trading firm with fast execution, low minimum deposits, and good customer service.

Can you buy shares with Pepperstone?

No. The firm is unlike a traditional stockbroking firm that buys and holds shares on your behalf. Instead, the firm offers leveraged trading of shares through spread betting or CFDs.

Can you short stocks with Pepperstone?

Yes, primarily via spread betting or CFDs – rather than the traditional naked short selling where you borrow shares to sell on the market. You can go long or short the stock depending on your directional view with CFDs.

Are stock options available on Pepperstone?

The firm does not offer options for traders.

Pepperstone Facts & Fees

pepperstone review
Visit Pepperstone
79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Pepperstone Reviews
Pepperstone Total Markets
178
Forex Pairs62
Commodities32
Indices28
UK Stocks192
US Stocks880
ETFs107
Pepperstone Key Info
Number Active Clients110000
Minimum Deposit0
Inactivity Fee0
Founded2010
Public Company
Pepperstone Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)
Futures Trading
Options Trading
Investing Account
Pepperstone Average Fees
FTSE 1001
DAX 300.9
DJIA2.4
NASDAQ1
S&P 5000.4
EURUSD0.09
GBPUSD0.28
USDJPY0.14
Gold0.05
Crude Oil2
UK Stocks0.001
US Stocks$0.02 per share
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