Pepperstone Review 2020 - Pros and Cons Revealed

Pepperstone Review 2020 - Pros and Cons Revealed

Pepperstone is a large forex broker found in Australia 2010. It has opened office in London in 2015 for the 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.

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 as 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 
MinAvg Min Avg
EURUSD0 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 11
GER30 1 2.53
IT40 1010
UK100 1.05 2.37
US500 0.4 0.47
NAS100 11
US30 1.59 2.87

Metals

Average spread in market hours Average spread outside market hours
XAGEUR 0.50.98
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 :

DesktopWebIOSAndroidExpert Advisors
Metatrader 4YES 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

Ctrader Full

Metatrader

Metatrader 1

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.

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