Pepperstone Review [Compared in 2024]
Pepperstone since 2010 have made an impressive name for themselves in the CFD and Forex trading community. An awarding winning platform (ADVFN International Financial Awards 2023) for their dedication to learning and education materials. What really impressed me about Pepperstone was the straight forward account registration process that was fast and fully digital. Withdrawing and depositing to the account was seamless and their commitment to providing an excellent customer service was really apparent, overall Pepperstone seemed good for beginners.
Whilst they have some excellent features, what negatives I draw from the experience was the limited trading facilities, they mostly offer CFD products compared to some of the brokers The Investors Centre recommends. They have a MetaTrader platform available but this was quite basic in comparison. I would recommend Pepperstone as a Forex trading tool due to the lower Forex Fees and them not charging any inactivity or withdrawal fee.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pros:
Low Forex fees
Excellent customer service
No minimum deposit
No withdrawal fee
Easy to set up a new account
No inactivity fee
Up to 10 base currencies available
Forex, Crypto & CFD available
Daily market analysis
Daily trading ideas
Cons
No fundamental data available
High costs for positions open overnight
Basic trading platforms on the web and desktop
In summary, Pepperstone is a great place to start as a new trader if you’re looking for simplicity. Whilst it doesn’t have the widest range of tradeable assets and the platform is basic, it will suit many traders that you can access Crypto, CFDs & Forex with a straightforward each to use platform. The low associated fees, providing you don’t hold your positions overnight position this as a potential day trader who only needs the basics.
Pepperstone
Pepperstone is a prominent player in the financial industry, offering innovative trading solutions to individuals and institutions worldwide. With its commitment to transparency, competitive pricing, and cutting-edge technology, Pepperstone has gained a reputation as a trusted broker.
Minimum Deposit £0
Market Spread from 0.1% (UK Stock CFDs)
Market Spread from 0.6 pips (Forex)
FCA regulated
Use of TradingView
Use of Meta Trader
Acess to 25 major stock indices, 900+ shares CFDs, 21 cryptocurrencies, 62 forex, 17 commodities and 100+ ETF all in CFD form
81.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.