Pepperstone Review

Based in Melbourne, Australia, the Pepperstone broker was established to help institutional and retail investors with a platform to buy Ethereum. Bitcoin and other financial instruments as part of their investment goals and objectives. In this Pepperstone review, we have covered the main features of this trading platform to provide you with the required information to buy Bitcoin and other altcoins.

With offices in London, Dallas, Bangkok and Shanghai, this broker provides millions of people worldwide with a pretty solid Forex trading platform. It offers users a reliable platform, exceptional customer support, fast execution of transactions and most importantly, low cost of transactions. In addition, Pepperstone broker offers all users direct access to numerous liquidity destinations in the Forex market without necessarily bearing the burden of a deal desk that previously might have been unavailable to the institutional and retail investor. 

Pepperstone Review

Pepperstone Review – Company History

Pepperstone broker was developed to ease the stress of cryptocurrency investors. Founders created the Pepperstone trading platform to sense the great discomfort and frustration of forex traders’ plagued by either poor customer service, the excessive spread of trades or the slow transaction execution speed. Pepperstone was developed to ensure that all crypto investors’ carry out fast and secure transactions at the lowest cost possible. To do this, Pepperstone makes use of advanced technology that makes use of low latent execution speed, quality, exceptional and responsive customer support and service and most importantly, low cost of transactions.

The Pepperstone broker team comes with over 20 years of experience in the forex trading industry. This vast knowledge and experience in the forex trading industry are why they fully understand what traders would need to continue trading in the market. They do not just seek to offer a particular platform to all traders in the market. Rather, they want to become relevant to traders by providing an unending improvement of their services to ensure that traders get more and more technology to improve the cryptocurrency investing experience. They seek to assist all traders, whether they are big institutional investors or small-scale retail investors. 

Pepperstone Review

Pepperstone Review – Trading Markets

Since its establishment in 2010, Pepperstone has been at the forefront of providing advanced technology to institutional and retail brokers in over 66 countries. The main aim of Pepperstone is to revolutionise the crypto trading market by ensuring that traders from around the world get unlimited access to their technologies which will ensure better and faster execution. The vision of the Pepperstone broker is to become one of the best CFD brokers.

The cryptocurrencies available on Pepperstone are as follows:

Pepperstone review will not be complete without mentioning that this broker has been licensed in Australia and the UK. To ensure the security of funds on the Pepperstone platform, clients’ funds are stored in an isolated account with multiple Australian banks.

It is worth noting that Pepperstone operated under two different entities. Pepperstone Limited is servicing the UK and other EEA accounts regulated by the Financial Conduct Authority and has FSCS protection up to 50,000 GBP per person.

Pepperstone Group Limited is servicing accounts created outside the EEA and ASIC regulated – AFSL (Australian Financial Services License). Australian entity does not protect retail investors.

For account opening and deposits, the following account base currencies are available:

  • United States Dollar (USD)
  • British Pound Sterling (GBP)
  • Euro (EUR)
  • Swiss Franc (CHF)
  • Polish Zloty (PLN)

Pepperstone Review – Trading Platforms

One of the distinct features of Pepperstone is the state of the art trading platforms.

Pepperstone offers its investors access to 3 different trading platforms, they are –

  • cTrader
  • Metatrader5
  • Metatrader4

These trading platforms have been the most popular in the crypto trading industry, with Metatrader4 (MT4) being the most popular. Ethereum Investors will find it interesting to know that you can download trading platforms on your mobile devices.

Pepperstone Review – Platform Features

1. Multiple currency support. Pepperstone broker supports over 70 different currencies. Some of these currencies include precious metals (like gold, diamond etc.), cryptocurrencies, CFID, Energy and a list of other currencies.

2. Provision of advanced trading solutions. Pepperstone was established in 2010, and since then, it has stamped its place as one of the most innovative and determined crypto trading platforms. Less than two years after its creation, it was named the fastest-growing Australian company in 2014. This is due to its provision of sophisticated trading technologies that will definitely solve all trading problems.

3. Funds storage. According to the development team of Pepperstone, they state that the funds of clients on the platform are saved in an isolated account with top banks in Australia. This will ensure that all funds are secure and cannot be stolen.

Pepperstone Review

4. Super Low Commission. Pepperstone charges the commission only on the edge razor account. Thus, for every $100,000 traded, the trader is charged $3.5.

5. Pepperstone price improvement. This feature of the Pepperstone broker allows traders to fill their orders more favourably if the value of a currency rises. It will automatically move the order to cover the new price, ensuring that traders gain more.

6. Fast execution. Pepperstone partnered with Equinix to provide investors with super-fast transactions.

7. Pepperstone broker became the first forex trading platform to adapt and offer traders’ the “provider Auto-chartist” functionality, an analysis tool that supports email trading.

Pepperstone Review

8. Multiple payment methods. Pepperstone offers traders over 13 mobile payment methods. Some of them include direct bank transfers, PayPal, credit/ card transfer, Skrill, Bpay and a list of other methods.

How to Open an Account with Pepperstone

To register, traders will have to visit the official website Pepperstone and click on Register. They will be required to offer basic information like their names, a username, a working email address and a chosen password. Once logged in, you will be sent a confirmation mail to the email address you gave during set-up. You will have to confirm your account via your email before funding your Pepperstone account, then begin trading over 70 currencies.

Pepperstone review will not be complete without mentioning that setting up an account on this platform is quite easy. In less than two minutes, you can make deposits and begin trading immediately.

Customer Concern

One issue that will concern all traders on this platform is storing funds in top Australian accounts. There is no compensation scheme for crypto investors using this platform in Australia. This means that if there is a loss of funds, they might not be compensated. This is probably the major concern of traders using this platform in Australia.

Pepperstone Review – Pros & Cons

? Pros

  • Fast transactions
  • Low cost of trading on the platform
  • Offers multiple payment ways or methods
  • Supports multiple currencies
  • Responsive and quality customer support

? Cons

  • No bonus is offered to traders’
  • No compensation scheme for traders in Australia.

Pepperstone Review – Conclusion

All in all, we consider Pepperstone to be a solid CFD broker offering a good trading platform. Account opening is an easy process, and no minimum deposit is required. You can buy Bitcoin, Ethereum or other altcoins straight after opening and validating your account. This Pepperstone review won’t be complete without saying about the great educational support offered to all new investors. There is several educational videos and walks through guides available. In this Pepperstone review, we were satisfied with the user experience but would like to see a wider choice of cryptocurrencies to invest in. Hopefully, Pepperstone is working on it, and there will be more updates on the platform soon.

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Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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