Pepperstone Australia was founded in 2010 and has quickly become one of the largest forex brokers in the industry today. The online broker is based right here in Australia and we will be taking a close look at their offer.
If you’re looking to get involved with the world of online trading, then you will surely need some guidance through the host of online broker reviews that are out there at the moment. Our team of experts have a wealth of knowledge about the industry and have put together these reviews to guide you to find the ideal online broker.
Your first experience with an online broker should always be the best. Plenty of brokers try to attract new customers to their service by making welcome offers available and including a new customer experience within their service. Our Pepperstone review Australia found that Pepperstone has included an extensive educational resources page to help new customers find their feet within the online foreign currency trading scene. These pages extend from the very basics to detailed strategies within forex markets.
You will also find a couple of pages teaching you how to analyse your trades in order to improve upon your techniques. While there is no specific new customer offer, the resources made available by the broker will make sure that your career is off to a positive start. If you would like to take a look at other offers on the market, head to our Suncorp review page.
The first category of our Pepperstone review Australia will be taking a look at the usability of both the online service and the trading platform that you will be using. When you arrive on their homepage, the style of the page is a bit outdated but most of the information is readily available and easy to reach thanks to their intuitive site design. You can find any topic covered on their site but the information is quite a lot to scour through. Luckily, our team has handpicked the crucial details and presented them all here.
The trading platforms that you are going to receive access to are cTrader and both MetaTrader 4 and 5. These platforms are an industry standard with most online brokers and it is for good reason as both of the software packages certainly get the job done. The design is intuitive and very easy to use after you have covered the basics. Be sure to head to our Nabtrade Australia page to see what other brokers can offer.
Most online brokers will take advantage of a variety of individual accounts to cater to customers of different experience levels and requirements. With Pepperstone Australia, you will be able to make use of a standard account as an individual or a Razor account option which is detailed in the next section of our Pepperstone review Australia. Once you have shared your email address and started the process of creating an account, you will be presented with the options of account types.
For most readers out there, you will likely opt for the individual account but just to inform you of your options, there are also Company, Trust, Trust Corporate, Introducing Broker and Demo account options within the Peppertrade service. These are only opened under specific conditions and if you think you are going to use one of them, be sure to browse through the terms and conditions of the Pepperstone Australia service to verify that you qualify for them. Take a look at our ANZ share investing review Australia page or Fusion Markets review to see what accounts are on offer with other brokers.
Another crucial aspect of our Pepperstone rating would be the fees that you will have to be paying for using their service. Since the broker is focused on the forex markets, you are going to have to pay some sort of spread and/or commission with your trades. With the Razor account, you are given access to potential minimum spreads of 0.0 with forex trades while the standard account is set at a minimum spread of 1.0 pips. It is important to remember that the Razor account fees may vary depending on what currency pairs you are investing in.
There are also swap rates that will apply to each transaction and these can always be viewed within the MetaTrader platform. In terms of account commissions, you will again be paying depending on your trading account currency. If you are making use of the USD, then you will be paying $0.04 per 0.01 lots or 1000 base currency. These fees are about average when considered with the rest of the industry and you can check what another reputable broker is able to offer in our Westpac review or Octafx review articles.
A big contributor to the Pepperstone Australia ranking would be the trading platforms that are included within their service. An online broker is only as good as the platform they provide and Pepperstone managed to check all the boxes once again. While it is innovative for brokers to offer their own trading platform software, many big names tend to go with the safety of already established platforms on the market. With Pepperstone, you will be able to download the MetaTrader 4 or 5 packages or the cTrader software. This will come down to your personal preference.
They have also included thorough guides on how to use both of these platforms so you won’t have to worry about figuring out the software once you have opened an account. These two platforms are certain to get the job done when it comes to your online trades and cTrader also provides access to sophisticated trading algorithms that can be used with the forex market.
When it comes to financing your account, you will need to ensure that your preferred methods of payment are made available by the online broker. There is so much competition within the industry at the moment that every broker is looking to offer all of the payment methods available. Our Pepperstone review Australia found that they offer support for debit and credit cards, provided they are VISA or MasterCard and this payment method will always have the quickest processing time with online brokers.
You will also be able to deposit funds into your account using POLi, bank transfers, BPay, PayPal, Neteller, Skrill and Union Pay. This is a remarkable amount of payment methods that are covered by the online broker. You will certainly be spoilt for choice when using the Pepperstone service but be sure to take the processing times of each payment method into account. Any delays within the world of online trading is a loss of potential gains that you could have made. To browse through another broker’s offer, head to our Bell Direct Australia page.
The customer support team that is put on offer by an online broker always provides an insight into the quality of the service that is available. Whenever you are transacting online, it is important to ensure that you will have support if you were to run into an issue or bug within the broker’s service. Our Pepperstone review focuses on this section to determine how you can get in contact with the online broker. First off, you will find an extensive FAQ section included on their website and this has covered most of the questions that could come to mind. You will also find a variety of guides here linked to numerous topics within their service.
If you need to get in contact with the customer support team, Pepperstone Australia has ensured that they have made a variety of methods available. You will be able to contact them via two email addresses depending on what your query is related to. And you will be able to contact the online broker via an AU toll-free telephone number. In case you still can’t get through, there is an international telephone line available every business day of the week. You can also forward the Pepperstone team a message via their online site where they guarantee a response within 24 hours. If you are looking to trade with a certain degree of comfort and security then you have definitely come to the right place with this Pepperstone review Australia.
The final consideration within our Pepperstone review will be the regulations that the online broker has to abide by while offering their service to Australian residents. Pepperstone’s headquarters are located in Melbourne and they are actively regulated by the Australian Securities and Investments Commission. This is expected with any online broker operating out of Australia and you can rest assured that the service provided by Pepperstone is legitimate.
In terms of account security and deposit insurance, you will be able to make use of a detailed FAQ section covering the potential scams that you might encounter while trading with Pepperstone Australia. They also have two-factor authentication in place to make sure that only you can access your accounts and their systems are protected with the latest patches and antivirus software. You can also make use of their security awareness trading to identify any potential scams on the market.
To conclude our Pepperstone review Australia, our experts have compiled this section to cover the major points in this article. You will be able to easily use both the Pepperstone website and the trading platforms that they have provided and if you run into any issues you will find a vast range of tutorials to help you complete your tasks. The online broker has managed to put together a fairly comprehensive service and it is readily available once you have managed to verify your account. The payment methods and fees are in line with the rest of the industry and you won’t have to worry about any lost funds with Pepperstone Australia. Be sure to read through our FP Markets review Australia for another comprehensive broker review.