Pepperstone still provides leverage of 1:500 for the approved pro clients. Pepperstone Lot Size… which you can take advantage of. Yet, make certain to find out deeply about utilize and how to use it wisely, as an increase of your trading size may play a substantial function in your either possible earnings or looses also.
Considering that opening its doors in 2010, Pepperstone Group has become a top-tier player in the online brokerage landscape, building a full-featured and highly competitive trading website that focuses on forex, shares, indices, metals, commodities and even cryptocurrencies.
A minimum opening deposit of 200 units in the base currency helps new traders enter the game, underpinned by leverage levels as high as 500:1. The business is controlled in the U.K. and signed up with the Financial Conduct Authority (FCA # 684312) in addition to the Australian Securities and Investments Commission (ASIC # 147055703). Like lots of forex brokers, Pepperstone does not accept U.S. traders.
Customer accounts are segregated from business funds, providing an extra layer of security in a market that is prone to turbulent periods. Support choices abound, highlighted by 24/5 chat/phone support and a functional FAQ that includes plainly stated policies on deposits, withdrawals, and trade conflicts.
Various desktop, mobile, and web-based platforms, an industry-standard item catalog, above typical educational resources, tight spreads, and several account types all integrate to provide a trading experience that will appeal to novice and expert traders alike.
Pepperstone promotes minimum FX spreads beginning with one pip but no commission for the “Standard” account, or absolutely no spread but 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 regulative agencies in the U.K. and is highly related to worldwide for being strict in guaranteeing that market practices are fair for both individuals and companies. Additionally, all customer funds are held at Tier 1 banks.
Pepperstone offers “negative balance protection” however only for its U.K. clients. This has actually become a relatively important feature that most online brokers are offering these days. The driver was probably the SNB event of January 15, 2015 that roiled the markets, especially the extremely leveraged retail FX market.
Pepperstone provides clients the choice in between MetaTrader 4/5 and cTrader, a higher-end system with direct liquidity-provider pricing and advanced technical functions that consist of detachable charts, back-testing, and algorithmic method support.
Pepperstone’s costs are really competitive within the online brokerage industry. New customers can select in between the “Requirement” account with minimum FX spreads starting from 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 Standard account is 1.13 pips, all in. The average spread cost with an MT5 Razor account for a finished (purchase & sell) EUR100,000 trade, where the base currency is euro, would be 0.13 pips + EUR5.23 commission.