Pepperstone Review

  • ASIC Regulated
  • Leverage is one of the highest at 500:1
  • Negative balance protection. Australian banks are safe.
  • 24/5, live chat, email customer service
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Pepperstone at a Glance

The company was founded in Australia and its head office is in Melbourne. Transaction speed is exceptional. You even get Qantas Frequent Flyer points for transactions.

Regulation

Pepperstone is a good match for Australians because accounts are held in separate accounts, broker staff must meet training standards and the accounts are regularly reviewed by external auditors. ASIC regulated.

Platform

The two most popular trading platforms are available at Pepperstone

  • MetaTrader4 which is easy to use, has charting and executes trades very easily.
  • cTrader is used mainly by the more advanced Forex trader on day trades and using expert strategies.
  • The speed of the transactions is due to Pepperstone having a direct fibre optic link to Uquinix, just 18 km from Wall Street. Nice work.

Spreads and Leverage

Leverage is the highest on the market at 500:1 and spreads can be as low as 0.1 pips when dealing with USD/EUR

Deposits and Withdrawals

All the normal cards can be used with the account but the Australian Money Laundering Act, while cumbersome when having to provide ID, acts in your favour if there is a crunch time. Withdrawals by Australians into Australian banks is a smooth and speedy operation.

Customer Support

Pepperstone is a fairly new player in the Forex game compared to most other Brokerages but it has worked hard to build a great reputation. It gained top rating in areas like Client Satisfaction, Customer Service, Spreads and execution speeds.

The Wrap

While nationalism is a good thing, it’s even better when it makes sense and with Pepperstone Aussie traders not only get their dose of Australia but also get a very, very good Forex trading company that provides customer service and great technology.

 

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