Founded in 2010, Pepperstone rose to fame pretty quickly. After a decade and more, the company is one of the leading Forex and CFD broker. Based in Australia, the company has its offices worldwide and operated in several parts of the world including Bangkok, Dallas, and Melbourne, etc. In this review, we will be investigating Pepperstone in detail and decide whether this brokerage firm is suitable for trading or not.
In this section of our Pepperstone Review, we will be explaining and reviewing all that Pepperstone offers and demands.
As you might already know, a brokerage firm is considered legal when it is regulated under any of the regulators that are in their jurisdiction. This is the major point that one should check for while looking for a brokerage firm to invest and trade with. In our case, Pepperstone is regulated under various well-known regulators such as the Financial Conduct Authority of UK, The Australian Securities and Investment Commission of Australia, the Dubai Financial Services Authority of Dubai, the Cyprus Securities and Exchange Commission of Cyprus name a few. This gives us the first and foremost green flag for Pepperstone.
Leverages and Spreads account for two major parts of the decision whether the trader is going to lose or win. Although high leverage and spread attract the customers, the risk induced with the high leverage and spread is deadly. Therefore, the regulators of many countries have capped the leverage that can be offered at 1:30 and 1:50 whereas the average spread can go up to 1.5pips. Furthermore, the increased leverage and spread gives us a red flag against the broker as they might be trying to lure the victim in by giving them such huge offers. To our dismay, even after being regulated under so many regulators, Pepperstone offers leverage up to 1:500. The spread goes up to 0.2 pips on EUR/USD. Although the leverage offered will come under the cons of the company, the spread earns us one more green flag in this Pepperstone Review.
Pepperstone offers two different types of accounts for their valuable customers to choose from. These account types have some similarities as well as some different features listed under. The Account names are Standard Account and Razor Account. The minimum deposit for opening an account with this brokerage firm is 200 AUD.
The tradable instruments that are offered by Pepperstone include over 70 currency pairs, Cryptocurrencies, metals, stocks, indices, and commodities, etc.
Pepperstone provides a variety of deposit and withdrawal methods for the convenience of its customers. The deposit methods include credit cards, debit cards, skrill, Neteller, Union Pay, BPay, etc. the withdrawal methods are also similar.
To sum up, all that has been said above, we can safely conclude that Pepperstone is a legit broker. We encourage our readers to trade and invest with this brokerage firm. If you like this review, make sure you check out our website to read more about scam brokers and legit brokers.