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Are you looking for a broker that offers high liquidity? Moreover, are you looking for a broker without high commissions or charges? If yes, then Pepperstone may be the broker that you are in search of.

This platform offers investors the opportunity to trade at low commissions or charges. Further, Pepperstone also makes smart efforts to provide traders with the best spread possible. Moreover, to provide you with valuable information, we have honestly reviewed the company with no-bias. This article will help you decide whether you should start using Pepperstone or start looking for another option.

Is Pepperstone a Scam or a Legit Business?

As far as the establishment of Pepperstone is concerned, it goes back to 2010 when it was initially founded. Joe Davenport and Owen Kerr founded this company, which is currently being run under the Pepperstone Group. And Tamas Szabo is the current CEO of Pepperston Group, which is a private company. The company has its legal offices in the UK and Australia.

Since its establishment, Pepperstone has received several awards. Moreover, there is regulated by the Australian Federal Police and the Australian Securities and Investments Commission as well. Therefore, Pepperstone is a trusted company according to many investors. 

Moreover, there is no doubt that different people have different reviews on every product or service. Further, some of those reviews may be positive, and some may be negative. That’s because the experiences with that product or service are not the same. And, the same principle may apply to Pepperstone as well. However, no one can doubt the legitimacy of the company.

Trading Instruments

As far as the trading instruments available with Pepperstone are concerned, you will find a good range of options to fulfill your trading needs.

Currently, Pepperstone offers 14 stock indexes and some assets like commodities, metal, energy, cryptocurrencies, etc. in its CFD trading category.

Furthermore, on the Pepperstone platform, you will find more than seventy currency pairs. Most of which Pepperstone offers as commission-free trading. Moreover, the leverage available is of 500:1. Also, the spread offered starts from 0 pips.

Moreover, when it comes to trading in cryptocurrencies, you will be able to trade in a lot of popular cryptocurrencies, including Bitcoin, Litecoin, Bitcoin Cash, Ethereum, etc. As mentioned earlier also, Pepperstone provides CFD trading in cryptocurrencies.

Fees and Leverage

Pepperstone primarily offers commission-free trading. Currently, traders pay mainly based on the spread. However, there are commissions on some trades and some types of accounts. Currently, there are three account types at Pepperstone – Standard, Razor, and Swap-free. The last one is also known as the interest-free account.

Also, as far as leverage is concerned, the company is compliant with the ESMA regulations, which put a limit on the maximum amount of leverage a broker can give to its clients.

Educational Materials

Pepperstone provides a lot of educational material to help new and inexperienced traders. Thus it is not just a platform for experienced traders. So, if you are new to trading, you can still start with Pepperstone by using the educational services that it provides.

Moreover, the company offers educational materials or services to its users in the following forms:

  • Comprehensive and extensive training guides
  • Various webinars
  • Tutorial videos
  • FAQ section on the website

Social-Copy Trading

You will be happy to know that Pepperstone is in a partnership with ZuluTrade, which is a top-rated platform for social trading.

Similarly, Robox and MirrorTraders are also partners. In other words, these platforms help Pepperstone offer social trading. Moreover, when it comes to new traders, this platform is going to be quite beneficial. That’s because they can easily follow the experienced and professional trader’s trades with the use of the Social-Copy Trading option.

How Does Pepperstone Earn Money?

As it is clear from the information provided above, the business model of Pepperstone is primarily based on commission-free trading. Then how does this company make a profit? Well, there are mainly two ways Pepperstone uses to generate profits for its survival and growth. The first way is when the company charges a small amount of commission on some trades. On the other hand, the second way is when Pepperstone charges the marginal operating spreads, which are generally between 1 to 1.6 pips.

Customer Support

When it comes to the support provided by Pepperstone,  you will be delighted to know that the company offers 24-hour assistance in most of the countries. Moreover, you can be assisted by that support by email or telephone whenever you have any queries or problems that need to be solved.

And, if you are not comfortable in connecting with the support team by any of the mentioned above methods, then you can go to the Pepperstone’s website and use the option of live support. This option is also available 24-hours.

Advantages Of Pepperstone

  • Pepperstone is a trusted broker that has received many awards
  • There is a 24-hour support system for all customers
  • The company is compliant with trusted industry regulations
  • There is no commission in trading
  • The spreads are highly competitive
  • You will need to have a very low minimum deposit
  • User-friendly and fast account opening
  • Easy-to-use and good-looking platforms
  • Transparent fee structure – when it comes to fees, Pepperstone has low trading fees, no inactivity fee

Disadvantages Of Pepperstone

  • The range of available trading pairs is also smaller as compared to the other brokers
  • Limited product portfolio
  • There is a withdrawal fee
  • A limited number of educational materials

Bottom Line

Pepperstone has a broad range of trading platforms. With this company, traders have the opportunity to choose between MetaTrader 4 and MetaTrader 5.

Moreover, you will find various mobile platforms and cTrader, as well. In total, Pepperstone offers eleven trading platforms. Therefore, this broker provides the most comprehensive ranges of platforms among other brokers in the market.

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