Pepperstone does not accept US clients due to regulatory restrictions, which prevents it from truly being considered a global broker.
Pepperstoneis an agency execution broker that offers great prices on your Razor account when combined with its Active Trader program for high-volume traders. As for funding methods, Pepperstone offers numerous payment methods, which is a very good advantage, but check according to their regulations if the method is available or not. Pepperstone has award-winning customer service, which is one of the main reasons why Australia increased its market share by 3% in the retail CFD market.
As one of the nice perks, Pepperstone covers almost the entire world, so traders from multiple countries can log in, even with the lowest spreads. In addition, we found other attractive opportunities, such as the fact that Pepperstone is a forex broker with PAMM accounts, which is also suitable for copy trading or investing. Before the crisis, Pepperstone warned of possible dangers, deterring clients from taking overly leveraged positions in the franc. This online Pepperstone review was based on information obtained from the Razor FX trading account and the broker's website.
The commission is only added to Pepperstone Razor accounts, since it will operate with interbank spread quotes starting at 0 pips and the fees will be added as a trading fee. Three large brokerage firms, such as CMC Markets, LCG and Pepperstone, and two other major companies have applied for a license from the Dubai Financial Services Authority. Pepperstone offers CFDs on indices such as the Australian 200 Index, EU Stocks 50 Index and US Tech 100 Index. Pepperstone is not listed on the stock exchange, does not operate a bank and is authorized by two level 1 regulators (high trust), two level 2 regulators (average trust) and one level 3 regulator (low trust).
Pepperstone connects currency traders directly to more than 20 liquidity providers through electronic communications networks (ECNs). Once an order was received on the Pepperstone Bridge, most orders were executed within 30 seconds through the Australian subsidiary regulated by the ASIC called Pepperstone Group Limited. In addition, Pepperstone improved the platform with Smart Trader Tools, a package with more than 10 intelligent applications that makes trading more efficient. In addition, thanks to its global reach, Pepperstone offers traders who follow Sharia regulations to open a SWAP-free account with STP spreads without fees.
Pepperstone offers a currency demo account (online forex) on the cTrader and MetaTrader platforms.