Yes, Pepperstone is a good forex broker, as this is one of their core products and they really focus on trying to compete on tight pricing, especially on MT4/MT5.
Pepperstone Forex Trading Review
Product Name: Pepperstone Forex Trading
Product Description: Pepperstone has four forex trading platforms, MT4/MT5, cTrader and TradingView and is generally one of the cheapest brokers for forex trading. Forex trading is cheap with Pepperstone because they focus on FX as a core market rather than offering lots of stocks and less popular assets.
75.3% of retail investor accounts lose money when trading CFDs with this provider
Summary
Yes, Pepperstone are able to offer some of the tightest forex spreads and commissions for major FX pairs. You can also trade minor and exotic FX crosses as a spread bet or trade CFD. Although no currency futures or options. Liquidity, pricing, and execution time on Pepperstone’s platform are good, given its access to multiple Tier 1 banks.
Pepperstone’s USP, when compared to other forex brokers, is their MT4 offering for traders who want to automate their forex trading strategies. Pepperstone has done partnerships with FX Blue which measures currency strength and also has a free (for clients) package of MT4 indicators which can be used to set up and simulate, then go live with trading algorithms based on technical indicators and price action.
Pepperstone’s Forex Trading Platform
For forex traders, who want manual execution, the cTrader forex trading platform offers good functionality where you can trade directly from the charts, as well as drag and drop stops and limits.
You can also trade forex via TradingView and if you are in the UK, Pepperstone is one of the view firms that lets you trade on TradingView as spread bets.
Pros
- Good MT4 forex indicator package
- Automated forex trading
- Tight forex spreads
Cons
- No forex futures or options
- Limited forex pairs
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Pricing
(5)
-
Market Access
(4)
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App & Platform
(4)
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Customer Service
(4.5)
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Research & Analysis
(5)
Overall
4.5
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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.
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