Pepperstone is an online forex broker offering high leverage ratios and a variety of trading instruments. It also provides social trading features through TradingView.
Pepperstone offers several account types, including standard and razor accounts. Razor accounts are designed for scalpers and algorithmic traders. However, they do not offer negative balance protection.
Leverage
Pepperstone broker leverage can be accessed through their trading platform and allows you to borrow money from them to trade with more significant amounts of capital. This can help you increase your profits and cause losses if you’re not careful.
Forex traders can use up to 30:1 leverage with the Standard account and 500:1 with the Razor account. The Standard version has no commission and is ideal for newcomers, while the Razor is for scalpers and algorithmic traders.
Leverage is determined by the instrument you’re trading and the regulator in your country. For example, the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC) allow for 50:1 leverage on forex trades.
In addition, traders can leverage up to 500:1 with indices and stocks. For crypto traders, Pepperstone offers a range of 19 different cryptocurrencies. This includes three crypto baskets, which can be traded alongside significant currencies.
Trading platforms
Pepperstone broker leverage offers several trading platforms for its clients. They include cTrader, MT4, and MetaTrader 5. All of these trading platforms are available as web applications and mobile apps.
The Pepperstone-branded cTrader platform provides traders with a wealth of information that is available in real time. Traders can also filter various data to obtain more insights into the markets.
Aside from offering a range of tools for trader analysis, the Pepperstone-branded cTrader also provides several features that enhance the user experience. These include an economic market calendar and a full-screen technical analysis chart.
The broker’s forex offering is robust and in line with the industry standard. The platform offers three currency indices – the US Dollar Index, Euro Index, and Japanese Yen Index.
Customer support
Pepperstone broker leverage offers lightning-fast customer support, with all inquiries answered within minutes. You can also get a free 30-day demo account to try out their trading platform.
Aside from that, the broker has a refer-a-friend program that rewards traders with cash rebates for each trade they make. It also offers a free VPS for its high-volume traders.
Its spread costs are among the lowest in the online retail forex industry. Moreover, it doesn’t charge fees for depositing and withdrawing funds, as well as dormant or inactivity fees.
Pepperstone’s website has a straightforward interface and intuitive design, but some pages are outdated or incomplete. It also lacks guaranteed stop losses and negative balance protection, which can be a bit disconcerting.
Trading conditions
Pepperstone broker leverage offers a range of trading conditions designed to appeal to various traders. This includes commission-free basic accounts, zero-spread active traders options, interbank pricing, cutting-edge technology, and deep liquidity.
Traders can trade forex, CFDs (Index and Share CFDs), commodities, cryptocurrencies, and stock markets. They can use various risk management tools, including market orders, limit orders, and stop orders.
Leverage is a popular way to increase profits, but it also increases risks. The leverage a broker allows you to use varies depending on the country you’re trading from and its financial regulators.
Pepperstone is regulated by the FCA, ASIC, and DFSA in the UK, as well as SCB and CYSEC in Europe and Dubai. The firm also segregates customer funds from company funds, ensuring that client money is secure.
