Pepperstone still provides leverage of 1:500 for the authorized pro customers. Pepperstone Spread Hk50… which you can take advantage of. Make sure to find out deeply about leverage and how to use it smartly, as a boost of your trading size might play a significant role in your either possible income or looses.
Considering that opening its doors in 2010, Pepperstone Group has actually become a top-tier gamer in the online brokerage landscape, developing a full-featured and extremely competitive trading website that focuses on forex, shares, indices, metals, commodities and even cryptocurrencies.
A minimum opening deposit of 200 units in the base currency helps brand-new traders enter the video game, underpinned by leverage levels as high as 500:1. The company is regulated in the U.K. and signed up with the Financial Conduct Authority (FCA # 684312) along with the Australian Securities and Investments Commission (ASIC # 147055703). Like many forex brokers, Pepperstone does not accept U.S. traders.
Customer accounts are segregated from company funds, supplying an additional layer of security in a market that is prone to unstable periods. Support choices are plentiful, highlighted by 24/5 chat/phone assistance and a practical FAQ that consists of clearly specified policies on deposits, withdrawals, and trade disputes.
Various desktop, mobile, and web-based platforms, an industry-standard item catalog, above typical academic resources, tight spreads, and numerous account types all integrate to provide a trading experience that will appeal to novice and expert traders alike.
Pepperstone advertises minimum FX spreads beginning with one pip however no commission for the “Standard” account, or absolutely no spread however with commission for the “Razor” account. This is very competitive in the retail FX brokerage area.
Pepperstone is managed by the Financial Conduct Authority (FCA # 684312) which is one of the main regulatory agencies in the U.K. and is extremely regarded internationally for being rigorous in ensuring that market practices are fair for both individuals and services. Put simply, being managed by a respectable government-backed agency goes a long way towards establishing the credibility of a company. Traders accept the threat that is inherent in markets however they would like the peace of mind understanding that their funds are not subject to threats beyond the ones that they are taking, such as counter-party danger. Additionally, all client funds are held at Tier 1 banks.
Pepperstone provides “negative balance security” however only for its U.K. clients. This has ended up being a relatively important function that a lot of online brokers are offering nowadays. The catalyst was probably the SNB event of January 15, 2015 that roiled the marketplaces, specifically the highly leveraged retail FX market.
Pepperstone offers clients the choice between MetaTrader 4/5 and cTrader, a higher-end system with direct liquidity-provider pricing and advanced technical functions that include detachable charts, back-testing, and algorithmic strategy assistance.
Pepperstone’s costs are very competitive within the online brokerage market. New clients can pick between the “Standard” account with minimum FX spreads starting from one pip but no commission, or the “Razor” account with minimum FX spreads beginning with no pips but with commission added. The other instruments used by Pepperstone all have either straight spreads or some combination of spread plus commission.
The broker advertises that the typical spread for EUR/USD on Razor is 0.13 pips and a commission will be added on to that. The average spread for the Standard account is 1.13 pips, all in. The typical spread cost with an MT5 Razor represent a finished (buy & offer) EUR100,000 trade, where the base currency is euro, would be 0.13 pips + EUR5.23 commission. This would translate to an overall spread expense of 0.653 pips.