Pepperstone is one of the top CFD brokers in the world, with customers hailing from all around the globe. Although most of their clients are based in Australia, their generous forex and CFD bonuses have attracted clients from around the world, including Singapore, Japan, China, and the UK. In fact, they’ve been awarded Best Online Broker in Asia by FX Magazine on multiple occasions—but what makes them so good? Below, we take an unbiased look at Pepperstone to help you decide whether or not it’s right for you.
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What is pepperstone?
On first glance, you might think that getting information about a binary options broker is as simple as searching online. But, in fact, it can be hard to know where to look for relevant and up-to-date data—particularly if you’re new to trading. Fortunately, there’s an easy solution: pepperstone review. Here are some things you need to know before investing with this particular broker.
Why Trade on Pepperstone?
If you’re looking for a reliable, non-US brokerage, you can’t do much better than Pepperstone. Pepperstone is based in Australia and follows all of that country’s regulatory requirements for trade. That means it has a strict set of rules when it comes to privacy, money laundering prevention and more. In addition, its commission rates are rock bottom—you can expect to pay as little as $1 per trade if you qualify for one of its promotions (and even then, they don’t last long). And while that’s something we love about Pepperstone, there’s plenty more. Below is everything you need to know about the Pepperstone review.
How to trade on pepperstone?
To trade on pepperstone, a trader would need an account there. Signing up for one is easy, as it requires you to provide basic personal details and sign an agreement with them. Once that’s done, you can begin trading right away by following a few steps. First of all, you would need to go through their Learning Zone where they have some videos explaining some of their strategies and how they work. Then, once you are familiar with what they offer, you could start your trading career by depositing funds into your account. The minimum deposit amount is $250 but if you want to trade more actively or hold more positions at once, then higher deposits will be required. A quick note about funding options: there are plenty of ways to fund your pepperstone account from wire transfers (up to $50k) and credit cards (up to $10k) in addition to PayPal or Skrill which both allow for larger deposits.
Pros and Cons
Having gone through both companies extensively, I’ve found that Pepperstone has some features that Tradestation doesn’t—such as a higher leverage. So if you want your trading more profitable, then these extra few percentage points can have a huge impact. On other hand, for lower volume traders, actually being able to afford borrowing 1000 times more at Pepperstone than at Tradestation may be problematic (see trading costs). Aside from these differences though, I think they’re both good brokers. I personally use Pepperstone and am very happy with it. It was one of my first CFD brokers and remains one of my favorites today. The interface is clean and modern, there are plenty of charting tools available, and their customer service is excellent. There’s also an extensive education center which covers all aspects of CFD trading in great detail.
