Is a Pepperstone A Good Broker in 2021? Reviews & Fees

Pepperstone is an Australian-based broker and the company has been operating since 2010. Outside the centre, it also has an office in London. You can trade with cryptocurrencies, equity index CFD, and forex through this broker.

Pepperstone’s trading and non-trading fees are generally low. You pay low fees for Forex, equity index. Also, most of the time there is no charge for deposits and withdrawals. But if a wide product portfolio is important to you, this broker may not be a good choice for you. In turn, the broker allows you to do these things practically.

Is Pepperstone safe?

The broker is regulated by two financial authorities that give high trust. These; Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC). It also offers its customers negative balance protection. These add up plus points about security.

However, there are shortcomings in terms of security. The broker is not listed on any stock exchange and does not disclose its financial information to the public. There is also no bank license. In turn, the broker provides investor protection fund. This means that if the company goes bankrupt, customers can receive a maximum of 85,000 euros.

What Products Can You Trade With?

Pepperstone offers limited opportunities in terms of its product portfolio. You can use some CFDs, forex and cryptocurrencies through this broker. Pepperstone offers customers 80 currency pairs, 14 stock index CFDs, 60 stock CFDs, 15 commodity CFDs and 4 cryptocurrencies. If you are interested in cryptocurrencies, you can trade with BTC, LTC, ETH and Dash. If these are enough for you, Pepperstone may be a good alternative.

Pepperstone’s Fees

This broker is advantageous in terms of low trading fees. These are activated when you trade. Fees may differ by account type. Equity index and forex fees are low. There are not also inactivity and account fees. But if you are going to trade with CFDs, the financing rate is higher than other alternatives.

In many cases, you do not pay deposit and withdrawal fees. But customers outside the EU pay these fees. In addition, there are many alternatives to deposit money. For this, you can choose ways such as bank transfer, credit or bank cards, PayPal, POLi, Neteller, Skrill, Union Pay, BPay. Some of these may be chargeable.

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