Pepperstone
Total reviews 1
No complaints yet
4.0
An experienced CFD and Forex broker offers traders profitable investments in financial markets with minimum spreads, no commissions, etc.
Forex broker
Official website
Social network
Date of foundation
1970
Head Office
Level 16, 727 Collins Street, Melbourne, VIC 3008, Australia
Company owner
Pepperstone Group Limited
Types of support
[email protected]ChatFeedback form on the site
Phone Support
+1-300-033-375international number
Languages
Russian, English
Terminals
MetaTrader 4, MetaTrader 5, WebTrader, Smart Trader, ZuluTrade, Mirror Trader, DupliTrade, MyFXbook
Min. first deposit
From 200 USD
Brokerage commission
From $7 for every 100,000 in a Razor account
Lot size
From 0.01
Leverage
Until 1:500
Spreads
From 0 points
Free demo account
No
Adjustable
Yes
Regulators
ASIC№414530
AFSL№414530
Types of accounts
Margin call / Stop out
90%/20%
Transaction volume
0.01 lot
Order execution
Instant Execution (precise execution), Market Execution (at market price)
Methods of replenishment
Moneta.ru, Neteller, PayPal, Skrill, Wire transfer, Yandex.Money, Bank card (Visa/MC), Mobile payments
Withdrawal methods
Moneta.ru, Neteller, PayPal, Skrill, Wire transfer, Yandex.Money, Bank card (Visa/MC), Mobile payments
Number of assets
70+
Types of assets
Currency pairs
IndexesTrade on the movements of the 14 largest stock markets in the world without dealing center and without commissions
Stockslong or short leading U.S. stocks such as Apple, Boeing, Tesla, and Alibaba
Raw materialsoil (the two main grades - West Texas Intermediate and Brent) and natural gas
Precious metalsgold and silver
CryptocurrencyBitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin
Account Currencies
EUR, USD, SGD, HKD, NZD, CAD, AUD, GBP, JPY, CHF
Liquidity providers
NAB
Mobile apps
There are mobile apps (iOS / Android)
Weekend trading
Yes
Tournaments/competitions
No
Trader training
Webinars and trader's guide
Contract Difference Commission
Yes
Swaps
Yes
PAMM trading
No
Analytics
No
Margin trading
Yes
Affiliate Program
RegistrationRewards for invited users
Advantages
One of the lowest deposit and withdrawal fees
Enhanced financial reporting capabilities
Advantageous trading conditions
Large number of terminals
Affiliate Program
Disadvantages
Long Profit Drawing
Slips
Company requisites
Scalping
Allowed
Hedging
There's
Date of update
April 20, 2023
Overall assessment
4.9/10
    Address
    Level 16, 727 Collins Street, Melbourne, VIC 3008, Australia

    Pepperstone is this a scam? Review and Reviews

    Published: 8 April 2019 Updated: 20 April 2023


    The company Pepperstone appeared on the brokerage market in 2010. Its essential difference from other Forex brokers The opportunity to work on the platform with minimal spreads. At the same time, the speed of order processing remains quite high. In addition, the company uses advanced technologies in online trading and is constantly developing in this direction.

    With all the advantages of the broker, clients still wonder if Pepperstone is a scam. Let’s look into this in more detail.

     

    Terms of trade with Pepperstone

    Pepperstone is an Australian forex broker that is run by experienced traders. The company allows you to trade more than 72 asset classes in the financial markets. Pepperstone helps investors use a variety of forex tools to make profitable trades.

    The platforms offered by the company allow you to organize forex trading quickly and with minimal costs. To start working with the broker you need to go to the official website pepperstone.comwhere, following the prompts, you can create a personal account. To work you need:

    • Be sure to enter your information carefully;
    • confirm your email. A verification link will be sent to your email;
    • attach a personal photo or a scanned copy of your passport.

    All this allows to prevent unscrupulous traders to work on the platform. It is important to note that there is no possibility of opening a micro account in the company. The initial deposit here will not be less than 200$. Also, the trading conditions at Pepperston are not unimportant:

    • minimum spreads – from 0.0 p.;
    • protection against negative balance;
    • Leverage – up to 500:1;
    • support of various strategies, including hedging, auto-trading, etc;
    • 24/7 online support via chat or phone.

    For beginners, pepperstone.com has an entire training section that allows you to quickly learn the ins and outs of trading on the platform. The “Knowledge Base” section provides detailed information on how the forex market works (The whole truth about forex). It is also possible to get acquainted with the basic terminology, which is important to know for investors. In addition, here you can learn how to work with basic trading tools, understand the principles of technical analysis.

    In the training section there are separate subsections devoted to trading in precious metals, gold in particular. Also it is in the “Knowledge Base” on the site you can find answers to the most frequent questions arising among the users (Forex Trading Training).

    Pepperston Platform

    For the convenience of using trading tools and the possibility to track market statistics in real time, the Company offers clients to work on the MetaTrader 4 platform. MT4 is considered one of the advanced platforms, which has an impressive toolkit, maximum automation of processes, wide analytical capabilities and fast execution of orders. It is perfect for experienced traders as well as for beginners. The platform has clear and sufficiently functional interface. It is equipped with various analytical tools which make it convenient to control and analyze your operations.

    To access your account on the MT4 platform directly through the Internet, clients can simply use the WebTrader service. It has the same user-friendly interface and tools as MetaTrader 4, but it is easy to use in a browser, without having to install the software on your computer. Users working with several accounts can use the MT4 Multi Account Manager (MAM) terminal.

    Pepperstone clients can also work on the MetaTrader 5 platform, which is an improved version of MT4. MT5 is characterized by faster processing of orders, pending orders, as well as expanded functionality. In addition, traders can also work through the cTrader platform. The tools of this terminal allow traders to get a full range of liquidity from suppliers, as well as quickly track changes in the currency market (forex analytics).

     

    Broker quotes

    It is very important for Pepperston traders to be able to track financial market trends in real time. This is what allows them to significantly multiply their investments and receive good profits.

    The MetaTrader 4 platform receives quotes from 22 banks, as well as from electronic crossover networks. Thus, clients can see current quotes and, based on this, can execute their transactions. The pepperstone.com site has an archive of quotes since May 2009. Thanks to this, advanced traders can analyze the dynamics of asset movements in the market on their own.

     

    Demo account pepperstone.com

    The positive side of this forex project is the ability to open demo forex accounts. It is especially important for those traders who do not have enough experience in trading. A demo account at Pepperstone is an opportunity:

    • within 30 days to learn how to use basic trading tools;
    • to get acquainted with the features of the platform;
    • get acquainted with the broker’s capabilities.

    Up to 50 000$ of virtual funds are available for use. You can open a demo account by registering in the system using e-mail or using an account on some social networks.

     

    Mobile application

    Nowadays, users want to be able to make money from anywhere in the world with just a smartphone at their fingertips. That is why the company decided to follow this trend and developed applications for both iOS and Android systems.

    These applications allow you to track changes on the currency market online. The programs have all the necessary tools to conduct transactions without access to the full version of the platform. A simple interface, colorful charts, and simple asset management allow you to track changes in the forex market literally on the fly.

     

    Bonuses at Pepperstone

    Pepperstone, like many other brokerage companies, strives to attract more and more new users. That is why it has developed its own system of bonuses.

    Active Trader Program

    The broker offers its clients the opportunity to receive a cash rebate on forex, which allows them to save on trading commissions. The amount of rebate directly depends on the number of standard lots traded by the user during the month. It means that the more trades the client makes, the higher rebate is. Payments are made daily directly to the trading account. The client receives rebate in the amount of AUD$1 for one forex lot. The maximum number of lots is 500. Also note that rebate is paid only for forex deals on Razor accounts.

    Invite a Friend” promotion

    Active users who invite new members to the project can participate in the promotion. To get a reward of $100, you need to invite a new client to the company. In turn, an invited client must make a deposit of $1,000 or the equivalent, as well as perform transactions of at least five standard currency lots.

    Affiliate Program

    For those users who want to receive a passive income, an affiliate program has been developed. A total of 3 types of program are provided:

    • Affiliate. As part of the program, affiliates can earn up to $400 for each client they invite. The company provides a tiered CPA structure with the flexibility to meet a variety of affiliate settings. This program is suitable for digital marketing professionals, bloggers, and owners of financial news sites. There are a total of three levels of affiliate program, on which the affiliate fees depend.
    • Introducing brokers. The client can receive up to 55% from the commission of the invited client. Each partner is assigned his own unique link, which can be used to invite new members to the project and to track conversions and their trading volumes. Some of the major benefits of the program include a tiered commission structure, daily payouts, lifetime client discounts, and advanced real-time tracking technology.
    • Professional fund managers program. The MAM (Multi Account Manager) and PAMM (Percentage Allocation Management Module) programs are designed for qualified and experienced fund managers with the appropriate license or industry experience.

     

    Deposit and withdrawal

    The company provides an opportunity to deposit accounts by a variety of methods, which is very convenient for users. You can replenish your accounts on the platform by the following methods:

    Also note that all requests for withdrawal of earnings, which the client sent before 21:00 (GMT) are processed the next day. If the request was received before 07:00 (AEST) it will be processed the same day. Transferred funds may be returned to a bank account opened in the same name (or joint account) as the Pepperstone trading account, due to legal restrictions on transfers to third parties.

    The company does not charge a fee for depositing an account. However, the fee for funds transfer may be stipulated by a bank or payment system through which funds are transferred. Withdrawal of funds can be made to a card or via bank transfer. When withdrawing to a payment card it is important that the bank account is in the same name as the account on the platform. Usually if the request is left till 21:00, the withdrawal is done the same day. Bank wire transfers are made within 1-3 days. However, the company notes that with a heavy load, withdrawal time may increase. Payment of fees charged by banks is the responsibility of the user.

     

    Complaints about Pepperston

    Negative reviews and complaints from traders about Pepperstone have been appearing quite often lately. Users note that if the company used to work clearly and consistently, now it is increasingly being accused of fraudulent activities. Also, complaints about:

    • frequent loss of communication, which interferes with bidding;
    • system freezes due to overloads, resulting in some traders incurring losses;
    • Unreasonable delays in withdrawal of funds;
    • support service that often fails to resolve problematic issues;
    • closing transactions at the discretion of the company without warning clients.

    From the positive aspects traders note:

    • wide functionality of the platforms;
    • handy site pepperstone.com;
    • the ability to work with minimal spreads;
    • training programs;
    • the ability to analyze market trends in detail;
    • no Pepperstone withdrawal fees.

    There are many different reviews of this broker on the Internet. Among the total number of reviews about 42% users are dissatisfied with Pepperstone.

    If there are any complaints about Pepperstone, we’ll be sure to post on social media. Sign up to stay up to date.

    Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!

    Pepperstone Broker Regulator

    The company holds its own assets in segregated accounts with banks rated AA, including National Australia Bank. Also, the broker has licenses ACN No. 147 055 703, ABN No. 12 147 055 703 and AFSL No. 414530, entitling it to perform financial services activities. The organization is under the supervision of the ASIC regulator. More details about the license conditions can be found directly on the website pepperstone.com.

    Check Pepperstone’s license at the ASIC website

    Pepperstone.com User Agreement

    To avoid conflicts and misunderstandings when working with Pepperstone, it is important to review in detail all of the legal information provided on the website pepperstone.com. The basic principles and terms and conditions of the company can be found in the document “Website Terms and Conditions”:

    A significant disadvantage is that the main legal documents describing the terms of cooperation with the project are provided on the site only in the original language – English. The document indicates that trading derivative products using borrowed funds, such as Margin FX Contracts and CFDs, involves many risks and the organizer strongly recommends trading only with money the user can afford to lose. The customer should also make sure that the products offered meet their specific needs. A trader should not trade with a company if he does not understand the features and risks of the products that accompany the trade.

    The main risks to keep in mind when the user decides whether to trade in these types of products:

    • the products the company offers are leveraged products, so
    • contributing a small amount of money will give the client a great opportunity to unlock the underlying asset;
    • The markets a user encounters can be very volatile (that is, they can rise and fall in price quite quickly) and are difficult to predict;
    • the client will not own or have any rights to the underlying asset when investing in a product based on that asset;
    • If the user is a professional client, he may lose more than his initial investment;
    • The losses can be much greater than the money that has been deposited into the account or that needs to be deposited to meet margin requirements;
    • If there are not enough funds in the account to support an open contract, it can be closed out of that contract before it is ready.

    It is important that the client read and understand the agreement and consider getting independent advice before starting to trade on the platform.

    The company must ensure that its products are distributed only to people who have the appropriate level of knowledge and experience to trade them. Before a client can trade, he must pass an eligibility test, which contains questions about the financial strength, knowledge and experience in the products the company provides.

    If the user fails the compliance test, he or she will not be able to retake the test within a certain period of time. The customer must ensure that the information they provide in the compliance test is true and accurate. If the user has not reported in writing that the information you previously provided is out of date, the organizer has the right to rely on it.

    Also note that the company is not responsible for any losses or expenses incurred by the user:

    • the exercise or attempted exercise, non-exercise or delayed exercise of a right or remedy under the agreements;
    • the company does not accept orders or there is a delay in accepting orders;
    • the organizer does not determine or set aside the assignment of amounts of money in the user’s account as margin or free balance, except in cases where the client incurs losses or costs have appeared as a result of the organization’s negligence, fraud or deliberate failure to fulfill obligations.

    If all of the customer’s contracts have been cancelled, the customer has the right to immediately terminate the agreement, including these terms and rights related to the use of the platform, by notifying the organizer in writing. In turn, the company has the right to:

    • close any of the client’s contracts;
    • terminate the agreement, including these terms and rights, related to the use of the platform at any time by giving 7 days notice to the client or immediately and without prior notice after the event of non-compliance or otherwise protect its interests.

     

    Is Pepperstone a scam?

    Forex broker Pepperstone has been active on the global market since 2010. Users note that in the first 5 years of its work, it has established itself as a reliable project. The company gave traders a real opportunity to earn good money. Quite a few users note the company Pepperstone as a broker with favorable working conditions. An informative website is available here pepperstone.com. Also one of the significant advantages of Pepperstone is the ability to work via WebTrader web terminal, which has almost the same functionality as the MT4 platform. In addition, the platform has a number of licenses, which confirms the transparency of its work.

    Recently, more and more often the company has been classified as a fraudster. This is explained by the fact that traders cannot withdraw their funds from the platform. There are more and more cases of interference of the broker in transactions without obtaining the consent of the user. Many traders began to incur losses, which arise as a result of frequent system failures. Is Pepperstone a scam? This is not an easy question in this case, given the fact that the project has been operating for quite a long time, and a number of negative reviews have no evidence (screenshots, etc.).

    At the moment we will not make such a conclusion, but we would like to know the attitude of traders to the project who have already worked with it. Therefore, we ask for feedback to this review, because it will allow us to determine what the broker is really like. In addition, investors working with the company recommend not to invest large sums of money in the project, it will reduce the risk of loss.

     

    Conclusion

    Pepperstone – one of the advanced brokers on the financial market. The company provides traders the opportunity to work profitably with advanced platforms. MT4, MT5, cTrader are equipped with a wide functionality that allows the player to analyze the currency market in detail and make profitable deals.

    Despite the fact that some users speak negatively about the broker’s work, Pepperstone remains one of the most reliable companies today. However, due to the heavy load system failures have become frequent, and incompetent technical support and interference of the broker in transactions discourage experienced users from the project. Hopefully, the company is interested in its reputation and does everything to ensure that clients trust it.

    Trading instruments and assets
    80%
    Withdrawal speed
    60%
    Brokerage commission
    100%
    Technical support
    80%
    4.0

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      Trading instruments and assets
      80%
      Withdrawal speed
      60%
      Brokerage commission
      100%
      Technical support
      80%
      Looking through the reviews of this broker...

      Looking through the reviews of this broker trader can get confused, because the company has a contradictory reputation. On different Pepperstone review platforms received an average score, which cannot give a definitive answer. Many users note the quality of the The other people, on the contrary, express… Read more

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