Pepperstone mainly uses cTrader and MT5/MT5 but is building their own trading platform. This is mainly due to the unreliability of third-party platforms, specifically MT4 app being withdrawn from the App store.
Pepperstone Trading Platform Review
Name: Pepperstone Trading Platform
Description: Pepperstone’s trading platform is a good choice for traders looking to speculate on the major markets, particularly those wanting to automate their trading through expert advisors on MT4 & MT5.
75.6% of retail investor accounts lose money when trading CFDs with this provider.
Summary
- Markets available: 1,200
- Minimum deposit: £1
- Account types: CFDs, spread betting
- Equity overnight financing: 2.5% +/- SONIA
- Pricing: Shares 0.1%, FTSE 1, GBPUSD 0.9
I’ve used both trading platforms that Pepperstone offer, MT4/5 and cTrader, which include sTradingView charting. cTrader is a more traditional trading platform with a basic layout, simple order execution and sentiment indicators. Whereas MT4 is one of the most popular and complex trading platforms available used by millions of traders and thousands of brokers.
However, what makes Pepperstone’s MT4 offering stand out is the brokerage behind it. Pepperstone offers it’s MT4 clients experienced account executives based in London and other local offices around the world. Plus, Pepperstone have put together a package of expert indicators and trader tools that are available to download for free that can be plugged into MT4.
To win business Pepperstone competes on price and compared to other trading platforms it is one of the cheaper options. For example, the Razor account can offer forex trading with zero pips, with the commission charged post-trade. Or traders can opt for the standard account, which adds a 1 pip markup, but is built into the spread.
Overall, Pepperstone’s MT4 is a good option for traders that want to automate their trading or want a basic account with very low costs.
Pros
- Good MT4 package
- Discounted spreads
- Stocks on MT4 & MT5
Cons
- Third-party trading platforms
- Limited market range
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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.
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