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Pepperstone review

Pepperstone Review

Overall, Pepperstone is very competitive in terms of its trading fees and spreads. Pepperstone is considered low-risk and is regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA, and SCB. Pepperstone has an overall Trust Score of 92% out of 100.  Pepperstone is currently not regulated by the CBN.

Updated : September 14, 2022

Jump to:

005 regulations book

Regulation and Safety of Funds

005 feature selection

Account Types and Features

006 add user

Account Registration

003 responsive design

Trading Platforms

002 candlestick

Range of Markets

007 fees

Fees

001 cash withdrawal

Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

008 auction

Final Verdict

004 review

Pros and Cons

001 question

FAQ

Pepperstone-Logo-Tagline-RGB-BlackBlue

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

Pepperstone Overview

Pepperstone Review Overview

👉 As one of the largest forex and CFD brokers in the world, Pepperstone has a high trust score and high leverage for retail traders in Nigeria. In addition, Pepperstone is known for its competitive trading conditions with low spreads.

👉 Online forex and CFD broker Pepperstone Limited provides low-cost pricing across all forex, CFDs, and commodities with the protection of financial regulation and customer service.

👉 Tradeable markets are expanding, and Pepperstone has a wide variety of high-quality research and assistance for social copy trading platforms. Since its inception in 2010, Pepperstone, an Australian-based forex broker, has been under the watchful eye of a few respected authorities including the Capital Markets Authority (CMA) under Pepperstone Markets Kenya Limited.

👉 This Pepperstone review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.

Distribution of Traders

Pepperstone Review Distribution of Traders

👉 The distribution of traders with Pepperstone is as follows:

➡️️​ Mongolia – 11.1%

➡️️​ Australia – 9.6%

➡️️​ Mexico – 7.4%

➡️️​ United Kingdom – 7%

➡️️​ Brazil – 5.4%

Popularity among traders who choose Pepperstone

🥇 While Pepperstone has a lower market share in Nigeria than its competitors, the broker falls within the Top 50 forex and CFD brokers that accept Nigerian traders.

Pepperstone At a Glance

🏛 HeadquarteredMelbourne, Australia with offices globally
🏢 Nigerian Based OfficeNo
✔️ Accepts Nigerian Traders?Yes
📊 Year Founded2010
📞 Nigerian Office Contact NumberNone
📲 Social Trading Platforms• Facebook
• Twitter
• LinkedIn
• YouTube
⚖️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
💯 License Number• Bahamas – 177174 B
• Australia – ACN 147055703, AFSL 414530
• United Kingdom – 684312
• Cyprus – HE 398429
• Nigeria – CMA Licence Number 128
• Dubai – DFSA F004356, DIFC 3460
• Germany – 151148
⚖️ CBN RegulationNone
🤝 Regional RestrictionsUnited States, Canada, Iran, Japan, Iraq, Zimbabwe, Yemen, and others
☪️ Islamic AccountYes
📊 Demo AccountYes
📈 Retail Investor Accounts2
✔️ PAMM AccountsNo, only MAM for fund managers
📈 Liquidity ProvidersBarclays, HSBC
💵 Affiliate ProgramYes
✔️ Order ExecutionMarket
✔️ Execution VenuesSucden Financial Limited, IS Prime Limited, LMAX Limited, GAIN Capital, Jefferies Financial Services, Inc. (Morgan Stanley, Morgan Chase)
📊 Average spreadVariable, from 0.0 pips EUR/USD
📞 Margin Call90%
🛑 Stop-Out20%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade Size100 lots
✔️ Crypto trading offered?Yes
✔️ Offers an NGN Account?No
🤝 Dedicated Nigerian Account Manager?No
📈 Maximum Leverage1:500 (Professional), 1:400 (max) – Depending on the jurisdiction
📊 Leverage Restrictions for Nigeria?No
💵 Minimum Deposit (₦)60,700 Nigerian Naira equivalent to AU$200
✔️ Nigerian Naira Deposits Allowed?No
💰 Active Nigerian Trader Stats1.3 million
🤝 Active Nigerian-based Pepperstone customersUnknown
💰 Nigeria Daily Forex Turnover$1.25 million+
💵 Deposit and Withdrawal Options (depending on jurisdiction)• Visa
• Mastercard
• POLi
• Bank transfer
• Bpay
• PayPal
• Neteller
• Skrill
• Union Pay
💳 Segregated Accounts with Nigerian Banks?No
💻 Trading Platforms• MetaTrader 4
• MetaTrader 5
• cTrader
• TradingView
• Myfxbook
• DupliTrade
• MetaTrader Signals
✔️Tradable Assets• Forex
• Shares
• ETFs
• Indices
• Commodities
• Currency Indices
• MetaTrader Signals
💵 Offers USD/NGN currency pair?No
📊 USD/NGN Average SpreadNone
📈 Offers Nigerian Stocks and CFDsNo
📊 Languages supported on WebsiteEnglish
🤝 Customer Support LanguagesEnglish, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, Laotian, German Polish
📞 Customer Service Hours24/5
👥 Nigerian-based customer support?No
💰 Bonuses and Promotions for NigeriansNone
📚 Education for Nigerian beginnersYes
📊 Proprietary trading softwareNo
📈 Most Successful Nigerian TraderUche Paragon ($20 million net worth)
✔️ Is Pepperstone a safe broker for Nigerians?Yes
📈 Rating for Pepperstone Nigeria9/10
✔️ Trust score for Pepperstone Nigeria92%
👉 Open An Account 👉 Open Account

Regulation and Safety of Funds

Pepperstone Review Regulation And Safety

👉 Pepperstone is an extremely well-regulated and reputable broker that operates through the following entities, with respective regulations and authorization to offer financial services and products to traders:

➡️ Pepperstone Limited (UK) is regulated by the Financial Conduct Authority (FCA) under 684312.

➡️ Pepperstone Markets Limited is regulated by the Security Commission of the Bahamas (SCB) under 177174 B.

➡️ Pepperstone Group Limited is regulated by the Australian Securities and Investment Commission (ASIC) under ACN 147055703 and AFSL 414530.

➡️ The Dubai Financial Services Authority (DFSA) oversees Pepperstone Financial Services Limited under DFSA F004356 and DIFC 3460.

➡️ Pepperstone EU Ltd is regulated, authorized, and overseen by the Cyprus Securities and Exchange Commission (CySEC) under HE 398429.

➡️ Germany’s financial watchdog, BaFin oversees Pepperstone GmbH under 151148.

➡️ In Kenya, Pepperstone Markets Kenya Limited is overseen and regulated by the Capital Markets Authority (CMA) under 128.

👉 Client funds are protected while risk management, anti-money laundering, conduct, training, accounting, and audits are all implemented and followed by Pepperstone to fulfil the firm’s strict capital requirements.

👉 Pepperstone’s clients’ money is kept in separate bank accounts, and the firm places a high priority on keeping it safe. They take great pleasure in their excellent regulatory and compliance culture.

Account Types and Features

Pepperstone Review Account Types

👉 In addition to the Standard and Razor Accounts, Pepperstone now offers a Professional Account for Nigerian traders with greater expertise. A broad spectrum of traders’ demands, and aspirations are addressed by both accounts.

👉 For an extra 30 days after registration, real account users may utilize an unlimited demo account to practice trading and test methods with no financial risk.

👉 Pepperstone provides the ability to convert a live trading account to an Islamic Account for Muslims to guarantee that they have access to global markets.

Live Trading Accounts

Standard Account

Pepperstone Review Standard Account

👉 When it comes to Nigerian traders, the Standard account is the best option, especially for newbies and those who trade in smaller amounts.

Account FeatureValue
📉 Minimum Deposit60,700 NGN equivalent to AU$200
📉 Minimum Trading Size0.01 lots
📈 Maximum Trading Size100 lots in a single trade
💵 Base Account CurrencyAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
✔️ Trading Strategies SupportedAll including scalping, hedging, and Expert Advisors (EAs)
🗞 News Trading Offered?Yes
💻 Trade ExecutionNo-Dealing Desk (NDD)
📊 Average EUR/USD SpreadFrom 0.6 pips
💰 CommissionsNone
💳 Rollover SwapsYes, according to the market rates
📈 Maximum Leverage per region• Australia – 1:30
• Bahamas – 1:200
• Cyprus – 1:30
• Dubai – 1:30
• Germany – 1:30
• Nigeria – 1:400
• United Kingdom – 1:30
✔️ Negative Balance Protection OfferedYes, only for retail clients
💰 Margin Close-Out (%)50%
🔧 Trading Instruments offered1,200+
📱 Trading Platforms offeredMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade

Razor Account

Pepperstone Review Razor Account

👉 Scalpers and algorithmic traders in Nigeria can easily take advantage of the narrow spreads available with the Razor account.

Account FeatureValue
📉 Minimum Deposit60,700 NGN equivalent to AU$200
📉 Minimum Trading Size0.01 lots
📈 Maximum Trading Size100 lots in a single trade
💵 Base Account CurrencyAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
✔️ Trading Strategies Supportedincluding scalping, hedging, and Expert Advisors (EAs)
🗞 News Trading Offered?Yes
💻 Trade ExecutionNo-Dealing Desk (NDD)
📊 Average EUR/USD SpreadBetween 0.0 pips and 0.3 pips
💰 CommissionsFrom AU$7 round turn on 100,000 traded
💳 Rollover SwapsYes, according to the market rates
📈 Maximum Leverage per region• Australia – 1:30
• Bahamas – 1:200
• Cyprus – 1:30
• Dubai – 1:30
• Germany – 1:30
• Nigeria – 1:400
• United Kingdom – 1:30
✔️ Negative Balance Protection OfferedYes, only for retail clients
💰 Margin Close-Out (%)50%
🔧 Trading Instruments offered1,200+
📱 Trading Platforms offeredMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade

Professional Account

Pepperstone Review Professional Account

👉 Additional rights and incentives are offered to Nigerian traders who have a proven track record. A Pepperstone Professional Account has the following advantages:

➡️ As much as 1:400 leverage is available

➡️ Use of a Relationship Management Tool

➡️ A margin close-out level of up to 50% on cTrader and 20% on MetaTrader 4 and 5

👉 Traders must meet the following requirements to qualify for a Pro Account:

➡️ Traders must pass an online Sophisticated Investor Test to be considered for this account

➡️ Additionally, a trading record of at least AU$50,000 or at least twenty times each quarter for the preceding four quarters is required for a leveraged instrument trading license

➡️ A minimum of AU$2.5 million in net assets must be maintained for the last two years to be considered for the professional account

👉 Nigerian traders who qualify for a professional account must note that the following will fall away when their account becomes a Professional Account:

➡️ Limits on leverage

➡️ Mandatory margin close-outs

➡️ Negative balance protection

➡️ Retail disclosure information

Demo Account

Pepperstone Review Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

👉 There is a certain degree of risk involved when trading financial markets and Pepperstone offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

Islamic Account

Pepperstone Review Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

👉 Nigerian Muslims who follow Sharia law can open a Pepperstone Islamic Account. Overnight fees, which are considered unnecessary and exploitative by lawmakers, are explicitly prohibited under the statute in force. Among Pepperstone’s swap-free options are the following features:

➡️ A minimum deposit of 16,000 NGN

➡️ Average spreads between 0.6 to 1.2 pips EUR/USD

➡️ Commission-free trading on the Islamic Option and no additional charges

➡️ The ability to use scalping, hedging, and EAs

👉 Only traders from the list of accepted countries below will be allowed to convert to an Islamic Trading Account:

➡️ Albania

➡️ Azerbaijan

➡️ Bangladesh

➡️ Burkina Faso

➡️ Bahrain

➡️ Brunei

➡️ Nigeria

➡️ Brunei Darussalam

➡️ Algeria

➡️ Egypt

➡️ Guinea

➡️ Indonesia

➡️ Jordan

➡️ Kyrgyzstan

➡️ Kuwait

➡️ Morocco

➡️ Mauritania, and a few others

Account Registration

Pepperstone Review Account Registration

👉 The account-creation procedure at Pepperstone is straightforward, quick, and user-friendly. After completing the online application, the account verification process will take around four days.

👉 A trader’s first step is to verify their email, supply personal information and provide evidence of identity. Nigerian traders may rely on Pepperstone’s customer support specialists for assistance at any time throughout the process.

👉 Traders must upload the following documents:

➡️ A colour copy of the trader’s passport, driver’s license, or national identification card.

➡️ Either a bank or credit card statement or utility bill that is not older than three months, clearly showing the trader’s residential address.

👉 In addition, Nigerian traders will also be asked a few basic compliance questions to verify their level of trading expertise, so set aside at least 10 minutes to finish the account opening procedure.

👉 Even though Pepperstone’s platform is available immediately, it is crucial to remember that traders cannot trade until they have passed compliance, which could take anywhere from a few hours to a few days, depending on individual circumstances.

Pepperstone Vs IC Markets Vs RoboForex – Broker Comparison

PepperstoneIC MarketsRoboForex
⚖️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCBASIC, CySEC, FSA, SCB

IFSC
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• cTrader
• TradingView
• Myfxbook
• DupliTrade
• MetaTrader Signals
• MetaTrader 4
• MetaTrader 5
• cTrader
• MetaTrader 5
• MetaTrader 5
• cTrader
• R StocksTrader
• RoboForex Terminal
• CopyFX App
💰 Withdrawal FeeNoNoneYes
📈 Demo AccountYesYesYes
📊 Min Deposit16,000 NGN83,000 NGN ($200)4,100 NGN
💰 Leverage

1:4001:500
1:2000
💳 SpreadVariable, from 0.0 pipsFrom 0.0 pips0.0 pips
✴️ CommissionsFrom AU$7From $3 to $3.5$3 to $4
💳 Margin Call/Stop-Out90%/20%

Stop-Out 50%Stop-out 100% to 10%
📊 Order ExecutionMarketMarketMarket
💰 No-Deposit BonusNoNoYes
💰 Cent AccountsNoNoNo
📊 Account Types• Standard Account
• Razor Account
• cTrader Account
• Raw Spread Account
• Standard Account
• RoboForex Prime Account
• RoboForex ECN Account
• RoboForex R • StocksTrader Account
• RoboForex ProCent Account
• RoboForex Pro Account
⚖️ CBN RegulationYesNoNo
💵 NGN DepositsYesNoYes
💳 Nigerian Naira AccountNoNoNo
👥 Customer Service Hours24/5
24/7
24/7
🛍 Retail Investor Accounts235
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size100 lotsNone, unlimited10,000 (Cent)

Trading Platforms

Pepperstone Review Trading Platforms

👉 Pepperstone offers the following trading software that can be used to connect Nigerian traders to global financial markets:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ cTrader

➡️ TradingView

➡️ Myfxbook

➡️ DupliTrade

Desktop Platforms

Pepperstone Review Desktop Platforms

➡️ MetaTrader 4 and 5 are offered on Windows, Linux, and macOS laptops and desktop computers, providing Nigerian traders access to customizable charts, a range of order types, faster processing, historical data, social trading, and more.

➡️ cTrader can be used on Windows desktops and offers a wide range of features including customizable charts, adjustable sessions, depth of market, detachable charges, and more.

WebTrader Platforms

Pepperstone Review WebTrader Platforms

➡️ MetaTrader 4 and 5 offer a wide range of charting capabilities, indicators, analysis, and more, which can be accessed using any web browser.

➡️ Nigerian traders can enhance their trading experience by combining TradingView with the Razor Account.

➡️ Automated social trading and copying services like Myfxbook AutoTrade and DupliTrade are available via Pepperstone online, and they may be used by Nigerian traders to imitate the trades of professional investors.

Trading App

Pepperstone Review Trading App

➡️ Both MetaTrader 4 and 5 are offered on iOS and Android devices, providing traders with the same functions as the other platforms, with the added benefit that traders can manage their trades on the move.

➡️ cTrader offers Nigerian traders a wide range of options and features through its mobile app, ensuring that traders can manage their trades and keep updated on real-time market movements.

Range of Markets

Pepperstone Review Range of Markets

👉 The range of Markets that Nigerian traders can expect include:

➡️ Forex CFDs

➡️ Shares CFDs

➡️ ETFs CFDs

➡️ Indices CFDs

➡️ Commodities CFDs

➡️ Currency Indices CFDs

Broker Comparison for Range of Markets

PepperstoneIC MarketsRoboForex
💰ForexYesYesYes
🔨 Precious MetalsYesYesNo
💰 ETFsYesNoNo
📊 CFDsYesYesYes
📈 IndicesYesYesYes
💵 StocksYesYesYes
💳 CryptocurrencyNoYesYes
💰 OptionsNoNoNo
💸 BondsYesYesNo
🔋 EnergiesNoYesNo
Pepperstone-Logo-Tagline-RGB-BlackBlue

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

Trading and Non-Trading Fees

Spreads

Pepperstone Review Spreads

👉 The typical spreads that traders can expect are as follows:

➡️ Standard Account – from 0.6 pips EUR/USD

➡️ Razor Account – between 0.0 pips and 0.3 pips EUR/USD

➡️ Islamic Account Option – from between 1 pip and 1.2 pips EUR/USD

Commissions

Pepperstone Review Commissions

👉 Pepperstone charges commissions on the Razor Account from AU$7 round turn on every 100,000 (standard lot) traded.

Overnight Fees, Rollovers, or Swaps

Pepperstone Review Swap Rates

👉 Exchange rates are announced every week by the financial organizations participating in Pepperstone and are based on risk management and current market circumstances.

👉 Pepperstone receives its interest rates from this worldwide investment bank. As the tom next market evolves, they are constantly updated. Using Pepperstone, swap rates can be calculated as follows:

➡️ Daily Swap Charge or Credit is (One Point divided by the Exchange Rate) x (The positions size or notional amount multiplied by the tom next)

Other Fees

Pepperstone Review Other Fees

👉 It is important for traders who use Islamic accounts to be aware that they may incur administrative charges. The following are only a few examples:

➡️ Cryptocurrencies (Professional Account Only), commodities, equities – 1.5 USD

➡️ Index Markets – 10 USD

➡️ SpotCrude and SpotBrent – 20 USD

➡️ Forex, precious metals on the retail account – 50 USD

➡️ Only on the professional account – Crypto10, Crypto20, and Crypto30 – 50 USD

➡️ BTC/USD (Professional Account Only) – 125 USD

➡️ GER40, FRA40, JPN225, CN50, ETH/USD (Professional Account Only) – 12 USD

➡️ US30 – 30 USD

Deposits and Withdrawals

Pepperstone Review Deposits And Withdrawals

👉 Pepperstone offers the following deposit and withdrawal methods:

➡️ Visa

➡️ Mastercard

➡️ Bank transfer

➡️ MPESA

➡️ Paypal

How to Deposit Funds with Pepperstone

Pepperstone Review How to Deposit Funds

👉 When a Nigerian trader logs into their Client Area, they may access the “Funds” menu and choose “Add Funds” to finance their account. Traders can choose from a variety of deposit choices after they pick the account they want to fund.

👉 Nigerian traders can choose their chosen deposit method, knowing that their deposit method will also be utilized when they withdraw money, input the amount to deposit, the deposit currency, and confirm the transaction.

How to Withdraw Funds with Pepperstone

Pepperstone Review How to Withdraw Funds

👉 Users of Pepperstone’s trading platform or website can withdraw money by clicking on the “Funds” button in their protected Client Area. When traders select “Withdraw Funds,” a list of available withdrawal options is shown.

👉 An “Accept Withdrawal” link is incorporated in the withdrawal email that Nigerian traders will get, and traders must click on it within an hour of receiving it to confirm their withdrawal request.

👉 Lastly, Nigerian traders who have enabled 2-Factor Authentication (2FA) may use their Authenticator app to input the code to confirm the withdrawal.

Pepperstone Education and Research

Pepperstone Review Eduaction And Research

👉 Pepperstone offers the following educational materials to beginner traders:

➡️ Learn to Trade CFDs

➡️ Learn to Trade Forex

➡️ Learn to Trade Crypto

➡️ Learn to Trade Shares

➡️ Trading Guides

➡️ Webinars

👉 Advanced traders can expect the following research tools:

➡️ Market Analysis

➡️ Smart Trader Tools for MetaTrader

➡️ cTrader Automate

➡️ AutoChartist

➡️ API Trading

➡️ Economic Calendar

➡️ Meet the Pepperstone analysts

Pepperstone Affiliate Program

Pepperstone Review Affiliate Program

👉 Because of Pepperstone’s effective referral program, partners may expand their businesses by making use of the broker’s many resources and capabilities. Pepperstone provides affiliates with a CPA of up to $1,300 and the ability to view real-time information 24 hours a day.

👉 To accommodate a broad variety of affiliate configurations, Pepperstone offers a multi-tiered and customizable CPA structure. Digital marketing experts, bloggers, financial news website owners, social media influencers, and operators of comparison websites are all entities that can benefit from Pepperstone’s affiliate program.

👉 The benefits associated with the Pepperstone Affiliate program include:

➡️ Access to a skilled professionals and affiliate marketing conversion specialists

➡️ Multi-level pay-out structure

➡️ Access to robust real-time tracking technology

➡️ Access to international sales professionals that can support the partner’s digital presence

➡️ Flexible and transparent pay-out arrangements are just some of the advantages of the Pepperstone affiliate program.

Pepperstone-Logo-Tagline-RGB-BlackBlue

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

Pepperstone Social Responsibility

Pepperstone Review Corporate Social Responsibility

👉 The moment to act is now, given the increased attention to climate change and promises by the United Nations, major governments, and other organizations.

👉 It is Pepperstone’s goal to be at the forefront of the forex broker battle as a worldwide organization. This year, Pepperstone plans to become a carbon-neutral organization and encourage other FX CFD companies to do the same.

👉 It is important to Pepperstone that its workers, board of directors, shareholders, and the communities in which they live, and work all have a say in the company’s direction.

👉 For this reason, Pepperstone has hired Pangolin Associates, a carbon management and sustainability consulting firm with accreditations in Australia and the United Kingdom, to assess the existing state of the organization and determine what steps need to be taken.

👉 After reaching Carbon Neutrality, Pepperstone intends to keep the public updated on their progress and solicit comments on environmentally-friendly goods.

Verdict on Pepperstone

👉 Pepperstone is a reputable CFD and forex broker that offers comprehensive trading solutions. cTrader,  MetaTrader 4 and 5, among other platforms, are also available, which is a big plus in the eyes of its consumers.

👉 With a vast selection of assets and cheap spreads, this broker is a major contender in the trading business. Any sort of trader is welcome at Pepperstone, and the broker has an award-winning history of over 12 years. Forex, CFDs (Index and Share CFDs), cryptocurrencies and commodities may all be traded on this platform.

👉 Customers may choose from several different market possibilities provided by the business. The broker is well-known for its exceptional customer service and instructional materials for traders, as well as its excellent customer support and services.

Pepperstone Pros and Cons

✔️ Pros❌ Cons
Pepperstone ensures client fund security by keeping it in segregated accountsNigerian traders do not have a Naira-denominated trading account
Pepperstone is both a multi-regulated and multi-award-winning brokerThere are additional fees applied to the Islamic account
Pepperstone caters for all types of traders despite their trading experience or styleThere are some leverage restrictions
Well-regulated by some of the top market regulatory entities
Pepperstone accepts Nigerian traders and provides a plethora of educational material for beginners
There is a demo account and Islamic account offered
There are several funding options offered to traders
Deposit fees and withdrawal fees are not charged

Frequently Asked Questions

Is Pepperstone a fake broker who scams its clients?

No, Pepperstone cannot be considered fake and does not scam its clients as it is a forex and CFD broker that is very well-regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB.

 

Which financial instruments can I trade with Pepperstone?

You can choose between the following asset classes (in the form of CFDs and depending on jurisdictions:

  • Forex
  • Shares
  • ETFs
  • Indices
  • Commodities
  • Currency Indices

 

Does Pepperstone offer a Demo Account?

Yes, Pepperstone offers a demo account.

 

What account types does Pepperstone offer?

Pepperstone offers two live trading accounts, namely:

  • Standard Account
  • Razor Account

 

Which deposit currencies can I use to make a deposit?

You can use any of the following:

  • USD
  • AUD
  • JPY
  • GBP
  • EUR
  • CAD
  • CHF
  • NZD
  • SGD
  • HKD

 

What is the minimum deposit required to register an account with Pepperstone?

60,700 Nigerian Naira or an equivalent to AU$200.

9.6/10 - (17 votes)

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