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.
Summary
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.
Pros
- Good package of MT4 CFD indicators
- Trade CFDs automatically
- Wide range of stock CFDs on MT4/MT5
Cons
- No DMA CFDs
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Pricing
(4.5)
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Market Access
(3.5)
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Online Platform
(4)
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Customer Service
(4)
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Research & Analysis
(4)
Overall
4- Expert opinion: Pepperstone full review
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
