Pepperstone

General Information & Regulation

Pepperstone is a broker providing Forex and CFD trading services, founded in 2010 by a management team with extensive experience in the Forex and IT industries. The company is headquartered in Melbourne, Australia, with offices in Bangkok, London, UK, and Dallas, USA. The company currently holds a full license from the Australian Securities and Investments Commission (FCA) (license number: 414530), an STP license from the UK Financial Markets Authority (license number: 684312), and a retail forex license from the Securities Commission of the Bahamas (SCB) (license number: SIA-F217).

Market Instruments

Investors can trade more than 70 currency pairs, metals (such as gold and silver), commodities such as oil and gas, and a wide range of major stock indices on the Pepperstone platform.

Minimum Deposit

Pepperstone offers two types of trading accounts for investors, the Standard STP account and the Razor account. Both accounts have a minimum deposit of $200. This broker doesn't enforce its minimum deposit while in the UK recommended trading balance of￡500.

Pepperstone Leverage

With traders from Europe or those which account are registered with Pepperstone UK, as the European ESMA regulation recently lowered the maximum allowed leverage with a security purpose the maximum leverage level is 1:30 on Forex instruments.Pepperstone still offers leverage of 1:500 for the approved pro clients.

Spreads & Commissions

The main spreads for standard STP accounts are 1.2-1.6 for USD/EUR and 1.2-2.2 for GBP/USD, with no commission required. The main spreads for Razor accounts are 0.1-0.4 for EUR/USD and 0.1-1 for GBP/USD, with a certain commission.

Trading Platforms

Pepperstone offers its users the trading platforms MT4, MT4Mac, Smart Trader, WebTrader, iPhone version, Android version, and Tablet version. The company's MT4 can be used as a native OSX application - meaning there is no need to use expensive Windows emulators or other software to run the platform. Stimulus' Mac OSX platform has the full functionality of MT4, allowing traders to run all the same expert trading guidance tools and indicators on their Macs.

Deposit & Withdrawal

The broker welcomes deposit and withdrawal methods, including Union Pay and wire transfers. The company does not charge users any internal fees for accessing their funds. International wire transfer fees charged by banking institutions are the responsibility of the user, capped at $20.