Pepperstone Review 2020 - Pros and Cons Revealed

Pepperstone is a large forex broker found in Australia in 2010. It has opened an office in London in 2015 for European clients. It is regulated bu UK FCA and Australian ASIC.

Account

The broker offers 3 types of accounts with unique names: Edge Standard Account, Edge Razor Account, and Edge Swap Free Account. The Edge standard is the account for the regular trader it has no commission and 1.2 points spread for EURUSD. The Edge Razor Account is, in fact, an ECN account with a different name. It offers low spreads with a commission - for example for EURUSD you can have spread as low as 0.1 points and commission of 3.5$ in direction for 1 lot. The Edge Swap Free account is an account dedicated to the Islamic clients.

	Razor	Standard
Average EURUSD spread	0.0 - 0.3 pips	1.0 - 1.3 pips
Commission*	From GBP4.59 round turn 100k traded	$0
Rollover swaps	Refer to your trading platform for market rates	Refer to your trading platform for market rates
Best for	Scalpers and algorithmic traders	New traders

Supported instruments :

For the forex market, the broker offers all the majors, all the minors, and several exotic crosses.
The broker supports 14 CFD with no dealing desk and no commission.
You can trade commodities like coffee, cocoa, cotton, orange juice, and metals like gold, silver, platinum, and palladium without commission.
There is also cryptocurrency support for Bitcoin, Bitcoin Cash, Ethereum, Dash, and Litecoin against the US dollar with leverage up to 5:1.

Forex

	Razor	Razor	Standard	Standard
	Min	Avg	Min	Avg
EURUSD	0	0.13	1	1.13
GBPUSD	0	0.44	1	1.44
USDJPY	0	0.25	1	1.25

Index CFDs

	Average spread in market hours	Average spread outside market hours
AUS200	1.03	2.96
EUSTX50	2.00	2.00
FRA40	1	1
GER30	1	2.53
IT40	10	10
UK100	1.05	2.37
US500	0.4	0.47
NAS100	1	1
US30	1.59	2.87

Metals

	Average spread in market hours	Average spread outside market hours
XAGEUR	0.5	0.98
XAGUSD	0.5	0.74
XAUAUD	0.5	3.11
XAUEUR	0.5	1.77
XAUUSD	0.5	1.00

Platforms

The available platforms in the broker are MetaTrader 4, MetaTrader5, and cTrader. They are available for all the OS environments :

	Desktop	Web	IOS	Android	Expert Advisors
Metatrader 4	YES	YES	YES	YES	YES
Metatrader 5	YES	NO	YES	YES	YES
cTrader	YES	YES	YES	YES	YES

In addition to the MetaTrader platforms, the broker brings two additional tools for trading and analysis -Smart Trading Tools and Autochartist.

cTrader

The cTrader offered by Pepperstone is one of the biggest competitors to Metatrader. It offers a simple user interface, but also offers powerful tools for analysis and algo trading. In the huge databank build by the cTrader community, you can find almost any tool you need for your successful trading such as indicators and trading robots.

Metatrader

Metatrader is one of the most popular trading platforms used by brokers. It is popular because it offers so many things for the traders - expert advisors (trading robots), indicators, scripts, script language, an interpreter to be able to create your own. There is also a backtester which can help you to test the robots and indicators on historical data. The build-in VPS support can help the advanced traders to use trading robots or signals with the highest uptime possible for a low cost.

The social trading feature in MetaTrader is playing a major role also. It connects traders and investors and both of them need just a Metatrader and Metaquotes account. There is a big list of available signals to copy, also if you want, you can become a signal.

For the MT4/MT5 users, Pepperstone is offering an additional 28 trading tools including expert advisors and indicators. They allow basic trading functions that can make the trader's life easier, alarm settings, and different chart views. They also include autochartist, which is a popular indicator/service for analysis.

Conclusion:

In conclusion, we can say, that Pepperstone is big reliable regulated Australian broker with European customer support, that offers competitive costs and fast execution. The fact that it supports 2 of the most popular trading platforms that are used by 2 huge trading communities makes the broker available for everyone and it is covering all needs of the traders.