"Since being founded in 2010, Pepperstone Group has manifested itself to be a top-tier Australian brokerage firm. The Melbourne-based broker also has offices in the United States, United Kingdom, China, and Thailand. |
According to their website, Pepperstone was built from the ground up by a team of experienced traders with a shared commitment to improve the world of online trading.
Frustrated by delayed executions, expensive prices and poor customer support, they have set out to provide traders around the world with superior technology, low-cost spreads and a genuine commitment to helping them master the trade.
Notably Pepperstone Group processes an average of $12.55 billion worth of trade every day and it is trusted by 73,000 traders around the world.
The purpose of this review is to break down the important features of Pepperstone and whether or not trading with them puts you at an advantage or the opposite.
Pepperstone Account Types Pepperstone’s three main trader account plans contain mostly similar specs. According to Pepperstone, there are some things that all its clients look for in a trading account, namely:
Minimum 0.01 lot trading size Maximum 100 lot trading size Available leverage up to 500:1 AUD$200 minimum account opening balance Base currencies available: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD Scalping allowed Expert advisors allowed Hedging allowed News trading available No dealing desk execution Pepperstone account types
Despite most of the accounts’ features being similar, they do have their own distinctions. Pepperstone offers three account types; each goes by the names Razor, Standard, and Swap-Free.
Standard Account Institutional grade spreads 1.0 to 1.3 average EURUSD spread Rollover swaps Minimum account balance $0 The most basic account type that Pepperstone offers for traders. With a minimum account balance of $0 to keep trading, this account is ideal for beginner traders trying the ins and outs of the market; as well as identify the do’s and don’ts of trading with minimal monetary risks involved.
Swap-Free or Interest-free Account Institutional grade spreads 1.0 to 1.3 average EUR/USD spread Fixed admin fee Minimum account balance $200 This account is an interest-free trading account that allows users to take advantage of competitive low spreads without receiving or paying swaps.
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