Pepperstone still uses leverage of 1:500 for the authorized professional customers. Pepperstone Broker Bonus… which you can benefit from. Yet, ensure to learn deeply about leverage and how to utilize it wisely, as a boost of your trading size might play a considerable function in your either prospective income or looses as well.
Since opening its doors in 2010, Pepperstone Group has emerged as a top-tier gamer in the online brokerage landscape, developing a highly competitive and full-featured trading portal that focuses on forex, shares, indices, metals, commodities and even cryptocurrencies.
A minimum opening deposit of 200 systems in the base currency assists new traders enter the video game, underpinned by utilize levels as high as 500:1. The company is controlled in the U.K. and signed up with the Financial Conduct Authority (FCA # 684312) along with the Australian Securities and Investments Commission (ASIC # 147055703). Like many forex brokers, Pepperstone does not accept U.S. traders.
Customer accounts are segregated from business funds, providing an additional layer of security in an industry that is prone to rough periods. Assistance choices are plentiful, highlighted by 24/5 chat/phone support and a functional FAQ that includes clearly mentioned policies on deposits, withdrawals, and trade conflicts.
Many desktop, mobile, and web-based platforms, an industry-standard product catalog, above average instructional resources, tight spreads, and several account types all integrate to use a trading experience that will interest beginner and professional traders alike.
Pepperstone advertises minimum FX spreads beginning with one pip but no commission for the “Standard” account, or zero spread however with commission for the “Razor” account. This is very competitive in the retail FX brokerage area.
Pepperstone is regulated by the Financial Conduct Authority (FCA # 684312) which is one of the primary regulatory firms in the U.K. and is highly regarded internationally for being strict in making sure that market practices are reasonable for both companies and people. In addition, all client funds are held at Tier 1 banks.
Pepperstone offers “negative balance protection” however just for its U.K. customers. This has become a fairly crucial function that many online brokers are providing these days. The catalyst was most likely the SNB event of January 15, 2015 that roiled the markets, especially the highly leveraged retail FX market.
Pepperstone offers clients the choice between MetaTrader 4/5 and cTrader, a higher-end system with direct liquidity-provider rates and advanced technical features that include detachable charts, back-testing, and algorithmic strategy assistance.
Pepperstone’s expenses are extremely competitive within the online brokerage industry. New customers can pick in between the “Requirement” account with minimum FX spreads beginning with one pip but no commission, or the “Razor” account with minimum FX spreads starting from absolutely no pips but with commission included. The other instruments provided by Pepperstone all have either straight spreads or some combination of spread plus commission.
The average spread for the Requirement account is 1.13 pips, all in. The average spread cost with an MT5 Razor account for a completed (buy & offer) EUR100,000 trade, where the base currency is euro, would be 0.13 pips + EUR5.23 commission.