Yes, you can trade CFDs with Pepperstone if you are a beginner, but only if you pass a suitability test that proves that you understand the risks involved.
Pepperstone CFD Trading Review
Name: Pepperstone CFD Trading
Description: Pepperstone offers CFD traders TradingView as well as two platforms cTrader and MT4 (or 5) which are suited to two different types of traders. cTrader for a more traditional look and click trader and MT4 for automated trading strategies.
75.6% of retail investor accounts lose money when trading CFDs with this provider.
Overall, Pepperstone offers one of the best MT4 CFD trading packages and is suitable for those wanting to trade the major markets on tight spreads.
- CFD markets available: 1,200
- Minimum deposit: £1
- Account types: CFDs, spread betting
- Equity overnight financing: 2.5% +/- SONIA
- CFD pricing: Shares 0.1%, FTSE 1, GBPUSD 0.9
I found when testing that Pepperstone’s main proposition is pricing through, either through MT4 or cTrader CFD traders do get some of the most competitive spreads through Pepperstone.
MT4 is a very good trading platform for automated trading strategies and Pepperstone has a suite of exclusive indicators and trading tools for their CFD traders.
cTrader, is more of a traditional trading platform for trading from charts and sentiment indicators. For chartists, you can also trade CFDs through TradingView with Pepperstone.
Pepperstone has a relatively limited range of CFD markets on offer with 1200 in total including 100 FX pairs, 28 commodities, 28 indices and 900+ UK, US and international shares. The list of shares is growing though and Pepeprstone say that if you want to trade CFDs on a stock that is not listed on it’s platform they will add it on request if there is enough volume and liquidity.
- Good package of MT4 CFD indicators
- Trade CFDs automatically
- Wide range of stock CFDs on MT4/MT5
- No DMA CFDs
Research & Analysis
- Expert opinion: Pepperstone full review