The $7 commission per standard lot is pretty standard, similar to what brokers like IC Markets charge. But, if you trade with a Zero account at Fusion Markets, it’ll only set you back $4.50 each way – which is one of the cheapest deals going right now. The more you trade each month, the bigger discounts you get. You’ll get rebates monthly or even every day, based on your account. On the cTrader platform, customers incur a roundturn commission of $6 per standard lot. If you are trading 100,000 units in the GBP/USD pair, you will pay $3 to open the position and another $3 to close it.
Pepperstone is a online trading broker headquartered in Australia and provides a range of tools for online trading. Since its beginning in 2010 they have emerged as a leading player in the field of online trading. Pepperstone includes a highly reputable and full-featured trading site that is focused on forex, indices, metals, stocks and commodities.
Financing Charges
Pepperstone does not charge an inactivity fee after long periods of no trading activity on your account. With many of the large brokerages, you will usually incur such a charge. Opening a live trading account with Pepperstone turned out to be a fast and trouble-free process. It took us about 15 minutes to complete the registration and our trading account was verified within 24 hours.
Waited for a while but when my chat was…
Compared to the other options, I would suggest if you are new to trading to try out more beginner-friendly platforms like MT4 instead. From my observations, cTrader is more popular with experienced traders since it has extra charting tools that can be highly customised. Furthermore, it’s quite popular with scalpers since some believe that processing is faster.
This Pepperstone review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect. Our full Pepperstone review for beginners covers everything you need to know about trading with Pepperstone. A fantastic broker can use your initial investments and help to protect it from losses but also provide you a platform that can help to provide you favourable profits. If you want to earn profits, you should trade with a broker service that aligns with your investment goals. Our team has devoted their efforts to simplify the intricate world of trading with Pepperstone into easily understandable information in this Pepperstone review.
Costs add up each time you trade, so it pays to look for a broker with low spreads and commissions. In my opinion, Pepperstone consistently provides competitive spreads when trading their forex currency pairs. With a score of 98/100, we consider Pepperstone our best forex broker for 2025. Features we like are the brokers’ industry-leading execution speeds, excellent choice of trading platforms, over 90 currency pairs and support for specialised copy trading tools. Pepperstone’s sweet spot continues to be their Razor Account, which our tests found to have some of the lowest spreads of all brokers.
Some users are of the opinion that the broker’s copy trading is one of the best in the industry. In the bid to encourage others to embrace copy trading, some users suggest that clients should use the copy trading services offered by Pepperstone. In this section of the Pepperstone copy trading review, we will be highlighting what online users have to say about the broker’s social trading services. In the bid to effectively protect clients’ accounts, the broker uses two-factor authentication (2FA). 2FA provides users with a higher level of security where clients have to use their password and google authentication code before their accounts can be accessed.
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We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks. Yes, Pepperstone offers customer support over the telephone. Skrill has several licenses enabling it to offer its services in Europe as well as globally. Skrill is run by Paysafe Payment Solutions Limited, which is a company that is registered in Ireland and regulated by Central Bank of Ireland, for its European regulated activities.
Also, for international bank wire transfers, you need to withdraw at least AU$80. Bank transfer withdrawals might take 3 to 5 work days to clear. Pepperstone doesn’t ask for any minimum deposit to start a regular account, and they don’t charge deposit fees. Just keep in mind, if you’re transferring money from overseas, your bank might charge extra, but that’s not something Pepperstone controls.
It says it should only 1-2 business days to withdraw using card, its been 8 days now and still not yet received, I’m in contact with your support now please look for my issue. We are sorry to hear the you did no have a good experience with us. We are sorry to hear that you did not have a good experience with us.Please kindly contact us at so we can look into this and assist you further on this matter. We found that the MT4, MT5, TradingView, and cTrader mobile apps are just as good as the desktop versions of the platforms.
- It is to establish a feeling of security and confidence in you until you decide to invest your own money.
- With over 3,000 reviews as of 2025, this is a decent sample size, which shows that the broker is considered legitimate and trustworthy among other traders.
- It grants users access to a more comprehensive environment for EA development and backtesting in the MQL5 coding language.
- I’ve perhaps used MT4 the most throughout my trading career because of its to-the-point interface and good balance of features.
Withdrawal Methods
You can apply for joining the program by contacting your dedicated account manager or emailing your application at Pepperstone provides as many as 10 demo accounts for traders with live funded accounts, which can be extended beyond the conventional 60 days. With years of experience in forex trading, I know how important responsive customer support is, so I wanted to try Pepperstone’s customer support for myself.
- Most traders (about 81%) are happy with Pepperstone and give them 5 stars, while only a few (8%) give them 1 star.
- Please consider contacting a professional advisor if you require any financial assistance.
- Pepperstone, on the other hand, is much more concentrated on trading volume.
- We’re really pleased you had a great experience Pepperstone.
- But in fast market conditions where this automatic stop-out system is not triggered and the account falls into a negative balance, the broker offers negative balance protection to its clients.
The main additional fee Pepperstone charges is overnight holding fees but all brokers charge this for long-term trades and their rates are comparatively similar. The table below shows the tests results conducted by Ross Collins to find the average spread for each currency pair. These results are then compared to the industry average which is compiled from the 39 brokers Ross tested with along with each of the currency pairs used in the tests. While spreads can be as low as 0 pips with the Razor account, they will generally be slightly higher.
Pepperstone Email Support
Having solid regulations from places like ASIC, CySEC, and the FCA means you can be pretty sure a company is open and honest. These top-level regulators make sure your money is kept separate from the company’s in different accounts at good banks. That way, there’s almost no chance of anything fishy happening on the company’s end. Having this kind of variety helps you avoid extra money exchange fees.
Their customer support team especially Mr. Hao who assisted on my concern.CS is responsive and always helpful whenever I have questions. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
For these reasons, I give Pepperstone a perfect 10/10 for its Trading Experience. In 2025, Pepperstone has introduced and improved existing solutions for pepperstone canada copy trading, emphasising ease of use and setup. These solutions ensure you can benefit as a novice or even an advanced trader with Pepperstone’s multiple offerings.
