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Pepperstone Review | 5 Key Pros & Cons (2020) – AskTraders.com
Pepperstone Group is the parent company of Pepperstone Limited, and it was founded in Melbourne, Australia, in 2010. The founders are experienced traders that have the common goal of improving online trading.


Pepperstone Group is the parent company of Pepperstone Limited, and it was founded in Melbourne, Australia, in 2010. The founders are experienced traders that have the common goal of improving online trading.
Over the years, Pepperstone has grown. Today, more than 73,000 traders from around the world use Pepperstone. The company processes USD $12.55 billion daily, on average. This figure is enough to refer to it as one of the largest brokers in the world for that asset class.
Strengths
- Regulated by the FCA and ASIC
- Offers multiple free deposit methods
- Is an award-winning broker
- Has a local London office
Weaknesses
- The product portfolio is somewhat limited
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What can you trade?
£200
Min Deposit
Good
App Support
1:30
Max Leverage
Trading forex gives clients access to the world’s most liquid market, including majors, minors, and exotics. Pepperstone prides itself on offering competitive spreads and low commissions. The broker also places an emphasis on high-quality, low-latency execution without a dealing desk.
Trading with Pepperstone gives investors access to more than 60 currency pairs. The raw spreads can be just 0.0 pips for Razor accounts.
£200
Min Deposit
Mid
App Support
1:30
Max Leverage
Most assets offered by Pepperstone will be found in a CFD review. Pepperstone offers index CFDs, share CFDs, cryptocurrency CFDs, commodities, and currency index CFDs.
There are 14 index CFDs on major stock markets from around the world, all without commissions and no hidden mark-ups. They also feature no requotes, low latency, and no dealing desk. The currency index CFD offerings from Pepperstone focus on the USDX, which measures six of the major currencies against the USD. Leverage on this currency index CFD can be up to 5:1.
Clients reading this Pepperstone UK review can also invest in more than 60 share CFDs from the United States markets. Trading commodities gives Pepperstone clients the ability to diversify their portfolio with assets that are typically considered safe. This includes five gold and silver options, two platinum and palladium options, five soft commodities, and three energy commodities. As you review Pepperstone’s energy trading instruments, you will notice trade sizes start at just 10c per pip, they are commission-free, and the leverage is flexible up to 30:1.
£200
Min Deposit
Good
App Support
1:5
Max Leverage
Pepperstone does not offer direct investment into stocks, but the broker does offer share CFDs. These give traders who prefer the offerings found in a Pepperstone CFD review to buy and sell CFDs on shares.
There is access to more than 60 of the top-listed stocks from the United States. Although the Pepperstone share CFDs are limited to this region, the US share market has a market cap of more than $30 trillion, offering extensive opportunities for traders. It is among the few brokers that let clients take advantage of extended market hours for US equities, something that can help traders take positions early or reduce risk, a positive point in this Pepperstone review.
£200
Min Deposit
Good
App Support
1:30
Max Leverage
A Pepperstone UK review will not show any proprietary social trading choices, but the broker has partnered with third-party services to offer this type of trading.
Traders can use MetaTrader Trading Signals or ZuluTrade with Pepperstone for seamless social trading.
£200
Min Deposit
Many
App Support
1:2
Max Leverage
A Pepperstone cryptocurrency review will show you five major cryptocurrencies to invest in. These investments are in the form of CFDs, allowing traders to benefit from the highly volatile nature of the cryptocurrency market without having to own the assets.
As you review Pepperstone cryptocurrency CFDs, you will notice that all of them feature a major cryptocurrency traded against USD. Leverage on all of the cryptocurrency CFDs can be as high as 5:1 for professional clients or 2:1 for retail clients. There are no commission fees.
What did our traders think after reviewing the key criteria?
The majority of the broker’s profits come from spreads, so those spreads tend to be the primary focus of most reviews looking at fees. The broker prides itself on offering competitive pricing and low spreads due to deep liquidity, which it does hold up to.
The spreads that traders get when using MetaTrader 4 or MetaTrader 5 are variable. Pepperstone reviews prices from multiple sources and providers to offer competitive rates to traders. This does mean that before making any trade, clients should take a minute to review Pepperstone’s current spreads on the given asset.
As an example of the competitive nature of the broker’s spreads, consider that you may review Pepperstone forex spreads to find them as low as 0 pips for EUR/USD, assuming you have the Razor account. Although the spreads are variable, Pepperstone strives for transparency. Our review team appreciates the list of minimum and average spreads for all of the broker’s assets, which is readily available on the website.
In addition to spreads, clients will need to pay attention to swap rates, which can also be easily found on the various platforms. There are also clearly outlined commissions listed on the website, which vary based on the base currency and are rounded. Those who want to review Pepperstone’s UK commissions in GBP for Razor accounts will notice commissions of GBP 0.02 per 0.01 lots and GBP 2.29 per one lot, with lots set to 100,000 of the base currency. The round turns are at 0.05 and 4.59, respectively.
As you review Pepperstone account types, you will notice two main choices, Standard and Razor. Regardless of the account type, all retail clients have minimum trade sizes of 0.01 lots, maximum trade sizes of 100 lots, and leverage of up to 30:1. The minimum balance to open the account is always £200, and base currencies can be GBP, EUR, USD, or CHF. Both account types also allow scalping, hedging, and expert advisors. Neither has dealing desk execution and both offer news trading.
Standard accounts have institutional grade spreads with an average EUR/USD spread of 1.0 to 1.3 pips. This account type has no commission and is ideal for new traders.
Razor accounts have institutional grade spreads without markups and average EUR/USD spreads between 0.0 and 0.3 pips. This Pepperstone review suggests this type of account for algorithmic traders and scalpers, as that is whom the broker designed it for. Commissions start at GBP 4.59 round turns for every 100,000 traded.
Professional clients can apply to get exclusive features and higher leverage, but they will lose negative balance protection. Professional accounts include access to exclusive events, a relationship manager, access to the Active Trader program, credit facilities, and leverage of up to 1:200 for indices with up to 1:500 for forex.
Those who qualify for the Active Trader program receive rebates for forex trades completed on Razor accounts, with the rebates depending on the volume of trades completed.
Additionally, you can review Pepperstone yourself without any commitment via a demo account.
We are impressed with the number of platforms offered by the broker, with MetaTrader 4, MetaTrader 5, and cTrader all available.
MetaTrader 4 is regarded as the most popular of the trading platforms in the world. It offers full customisation, the ability to create expert advisors with MQL4 or use the expert advisors created by others, and Autochartist for identifying trades with high probabilities. Pepperstone also offers Smart Trader Tools to supplement MT4, including the ability to access EAs and 28 indicators.
MetaTrader 5 is a more powerful version of MetaTrader 4, offering enhanced functionality. This Pepperstone review suggests that advanced traders opt for this platform to take advantage of the ability to code with MQL5, advanced customisation, in-built indicators, and faster processing.
cTrader offers an intuitive design that appeals to beginning traders and experts alike. It creates an environment similar to that of institutional trading. You can use advanced features to control order fills and slippage, code in C# via cTrader Automate, and access the FIX API.
All three platforms offer full support for iOS, Android, and Windows. MetaTrader 4 and MetaTrader 5 also support Mac OS, while cTrader and MetaTrader 4 both have browser versions.
Most people who try Pepperstone will agree that the website and platforms are highly usable. It is easy to find relevant information on the website, which has a professional appearance and layout. The bottom navigation menu is somewhat limited, but the main navigation menu is extensive enough to easily make up for this.
As you review Pepperstone CFD trading and other offerings, you will find the Support section of the website to be incredibly helpful. This page includes the FAQ section, where there are answers to the most common questions. Our Pepperstone review must caution that most brokers have a more extensive FAQ section than this one.
Contact information for Pepperstone is found at the bottom of every page on the website, including the UK phone number, the London address, and a support email. You will also notice a floating live chat button in the bottom-right corner of the page for easy contact.
Clients should have no problem finding a payment option that works for them. However, it is important to note that you will not see the full range of deposit options until you open an account and login. There is also the notable absence of support for e-wallets.
Card Payments
Card payments are accepted, with both MasterCard and Visa compatibility.
Bank Wire Transfer
Pepperstone clients can also opt for a bank transfer. This method typically takes three to five business days.
We feel that most traders will find that the broker offers enough tools to help them make educated trades and stay informed. Smart Tools for MetaTrader adds 28 tools, indicators, and expert advisors. Other useful in-built tools in the various platforms include cTrader Automate, Autochartist, and API trading.
Pepperstone also has sections of its website dedicated to Market Analysis and Education. The first of these includes market news with daily articles, information on major financial events, and expert analysis for trading opportunities. It also features the economic calendar.
The Education section offers webinars, trading guides, and other online resources. Additionally, the broker encourages clients to review the educational offerings and contact Pepperstone if they would like to see more educational tools in a certain category.
Pepperstone excels in terms of regulation, as both the FCA (Financial Conduct Authority) and ASIC (Australian Services and Investments Commission) regulate and authorise it in their respective jurisdictions. As such, it is no surprise that Pepperstone segregates client funds.
Over the years, many organisations have completed their own Pepperstone reviews and honoured the broker as a result. In 2019, the Global Forex Awards honoured Pepperstone as the “Best Forex Trading Support – Europe” and “Best Global Forex ECN Broker.” In 2018, the Investment Trends report in Australia ranked Pepperstone “#1 for Spreads.”
That same year, Compareforexbrokers named it the “Best Trading Platform and Best Australian Broker,” and the UK Forex Awards honoured Pepperstone as the “Best Forex ECN Broker,” “Best Forex Trading Conditions,” and “Best Forex Trading Support.”
In 2017, Investment Trends honoured Pepperstone in the Australia FX Report, ranking it number 1 for Customer Service, Value for Money, Spreads, Risk Management, Fund Withdrawal, and Education Materials.
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Forex Trading Knowledge Questions and Answers


Table of Contents
Forex Trading Knowledge Questions and Answers
What Is A Demo Account?
Demo accounts enable new investors to test their ideas and learn how to use trading technologies without risk. Users can use the demo account to trade with simulated money and see what their returns would be if they traded with real money. Demo accounts are often used in schools and universities to teach investing and compete in trading competitions.
Demo accounts are commonly used by stock traders, currency exchange traders, and commodities dealers, but not by long-term investors. A demo account is less effective since the longer it takes to produce earnings from an investment, the more time it takes away from compounding real money.
How Does A Demo Account Work?
Using demo accounts, investors can practice trading on a platform without putting their own money at risk. You will not be exposed to the dangers associated with live trading platforms on a demo account. As a result, you can learn how platforms work without putting your money at danger.
A demo account guarantees that you will not lose money, but it also guarantees that you will not make money. To reduce risk when trading on the real market, traders must learn discipline and establish techniques.
How to Open A Demo Account?
In general, opening a demo trading account is pretty simple. Choose a Broker – Most brokers provide demo trading interfaces to help you become acquainted with the features and create techniques. Choose which broker to use initially.
Registration is necessary, and you must provide your personal information. Name, address, and financial information will be requested. Your identification will almost certainly have to be validated as well.
Once you’ve decided on a broker, you can install MetaTrader4. Once you have decided on a broker, you will require a trading platform. MetaTrader 4 and MetaTrader 5 are the most popular trading platforms.
You will obtain login details after registering with a trading program. You will be able to open an account.
How Long Do Demo Accounts Last?
Traders can use a demo account to test out a program for up to three months before deciding whether to purchase the complete edition. The three-month term is basically offered to guarantee that the prospective buyer has enough information to make them desire to buy.
Why Is It Necessary to Open A Demo Account?
Traders can use a demo account to test out a program for up to three months before deciding whether to purchase the complete edition. The three-month term is basically offered to guarantee that the prospective buyer has enough information to make them desire to buy.
What Are Advantages of A Demo Accounts?
Demo accounts are an excellent method to learn about various trading tactics and software. Paper trading is a lot safer way for a beginner investor to make technical mistakes than real trading. Investors can benefit from the customised trading software provided by each firm.
A demo account lets you to test methods without risking any money, whether you are a novice or an experienced trader. Trading on a demo account allows the trader to test the approach before trading with real money.
Even though many traders begin with equities, commodities and Forex can be profitable. The same strategies, however, may not be applicable in all three asset groups. A demo account allows experienced traders to experiment with several asset classes.
The Differences Between Demo & Live Accounts
A forex demo account is distinct from a genuine account in that it is utilised as a training account for traders to practise trading without putting real money at risk. Real accounts, on the other hand, use actual money, and traders put their own money at risk. A demo account enables users to trade with fictitious money in order to imitate the earnings they would receive if they traded with real money. Demo accounts are often used in colleges and institutions to teach investing and compete in trading competitions.
However, studies have shown that even if a person has obtained extensive trading expertise through the use of virtual accounts, things may turn out differently when real money is involved. Because you are not putting anything at risk is more accessible when dealing with virtual money than when trading with actual money.
Can I have Multiple Forex Demo Accounts?
You may be able to open up to five demo accounts depending on the broker. Some, however, provide up to 19 demo accounts. There is no way to predict how many demo accounts are available at any particular time. All brokers do not limit the number of demo accounts.
If your broker has a demo account limit, you can contact their customer service via email or live chat to request more demo accounts.
There are brokers who will only allow you to open one account of each type per email address.
As a result, you are not able to establish any additional accounts until you give them with another email address or open a new account. Traders do not benefit from this practise because it requires them to spend their resources on opening new accounts rather than allowing them to open as many as they like.
In most circumstances, you won’t need more than five accounts, and depending on your plan, one may enough.
In any case, you should practise on a demo account until you are really proficient.
Is A Demo Trading Account Free?
Demo platforms are usually free. There is no risk of losing money because you will not be dealing with real money. As a result, there are no deposits, withdrawals, or training fees involved.
How to Choose Forex Accounts?
Different accounts have different settings. Before you open a trading account, you should answer the following questions:
How much money do you want to put down? You should keep in mind that trading with money you cannot afford to lose is not a good idea.
What is your level of risk tolerance? If you are a cautious trader, you can open a micro account and trade micro-lots. However, if you wish to trade more aggressively, you should open a regular account.
Do you require any specialised equipment? Many forex brokers provide their best trading tools to its professional clients, which may include cutting-edge news analysis or access to a diverse set of indicators.
Once you’ve determined what kind of trader you are, your trading objectives, and your risk tolerance, you’ll be able to choose which account is best for you.
Can I Take Money Out of a Demo Account?
Unfortunately, the answer is no. Demo accounts are only for practise purposes. You do not deposit anything because the account is not funded with real money.
As a result, any profits you would have made would be ineligible for withdrawal.


Forex Trading Knowledge Questions and Answers
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AvaTrade introducing 3 new crypto pairs


AvaTrade introducing 3 new crypto pairs – updating 3 others
AvaTrade has yet again improved their cryptocurrency trading offering.
AvaTrade is introducing three new cryptocurrency pairs: NEOUSD, EOSUSD & MIOTAUSD in addition to the 15 crypto assets already on offer.
These new pairs have been available since July 1st, 2019 and provide an excellent opportunity to diversify your clients’ portfolios and increase their exposure to this vibrant 24/7 market.
Asset | Typical Spread | Leverage | Margin | Min Nominal Trade Size |
NEOUSD | 1.5% Over-market | 2:01 | 50% | 10 |
EOSUSD | 2% Over-market | 2:01 | 50% | 10 |
MIOTAUSD | 1.5% Over-market | 2:01 | 50% | 10 |
To unify their cryptocurrency instrument labels, They are relabeling their existing Ethereum, Ripple & Litecoin instruments, by replacing the existing instruments with new USD labelled ones:
Asset | Old Symbol | New Symbol |
RIPPLE | XRP | XRPUSD |
ETHEREUM | ETH | ETHUSD |
LITECOIN | LTC_Mini | LTCUSD |
These new pairs have also been available since July 1st,
The trading conditions for each one is identical to those of the older respective assets they replace.
Effective immediately, new positions are only available on the new pairs.
Avatrade Clients will not be able to open new positions on the old assets, but those already open will remain unaffected until July 29th.
Existing positions on XRP, ETH and Litecoin-mini that remain open on July 29th will be automatically replaced with corresponding positions on the new pairs, , at the same opening price and at no cost to clients.
as any broker that values their clients would do , Avatrade makes sure that the clients will not be affected by the change.
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Neteller Launches Cryptocurrency Exchange Service


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Neteller Launches Cryptocurrency Exchange Service
Neteller one of the most known Digital fiat currency wallet provider , has started allowing its users to buy, sell, and hold cryptocurrencies including BTC, BCH, ETH, ETC, and LTC.
They do this on the large scale with a pilot in 10 countries and soon another 50 countries to join . They understand that if you do this effort it will only succeed if you can do this on a global scale.
Neteller and Cryptocurrencies
Neteller is a service which is operated by Paysafe Financial Services Ltd.,


paysafe
founded in 1999, Paysafe Financial Services entered the market with the mission to provide an online alternative to the known traditional payment methods.
Most of the traders aiming us now neteller as one of the companies through which we made our deposits and if we had any profits also our withdrawals. A couple of years ago they left the Forex and Binary industry behind since the charge-back issue became just too expensive.
But as any companies knows, if you do not adept you die. The binary option market is all but dead and the Forex industry has moved also into the directions of the cryptocurrencies. thus, neteller understands that this is where the future is.
So Lasts week they announced that they are now offering a wallet with buy and sell cryptocurrency options.
As of today, Neteller users can buy, hold and sell cryptocurrencies via a recognized cryptocurrency exchange including bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin, purchased using any one of 28 fiat currencies available in the Neteller wallet.
It may not seem so exciting but for many users that love this service it actually is. More and more currencies will be added making them an true exchange in the near future.
Now one is able to fund their neteller account through many different means (Mobile, Epay, Paysafecard, local bank deposits, and bitcoin)
We think that will make the threshold for many people, who would want to buy or sell cryptocurrencies, lower. This in return is a good thing for the overall acceptance of the cryptocurrencies in the mainstream of every day life.
Conditions for buying and selling cryptocurrencies through Neteller
The rates offered are somewhat in the lower middle of the current market making them go for the save route. The average market rates on the major cryptocurrency exchanges differ all in all not that much anyways, as this is not the main reason to choose to buy Bitcoin through Neteller
The minimum cryptocurrency purchase or sale amount is “approximately equal to 10 EUR,” the firm clarified, adding that the maximum amount depends on the transaction limits associated with each account.
When You open an account with Neteller you have to choose your default currency. This is of course for most people in accordance on their geographical locations, people in Britain will go for the pound most Europeans go for the euro and pretty much the rest of the work goes for the US Dollar, thou other currencies are available
The fee is 1.5 percent for purchasing and selling cryptocurrencies from wallets with EUR or USD as the default currency.
The fee rises to 3 percent for wallets with other default currencies.
Neteller | Why is this a good move for neteller and one that we should expect from other online Payment providers as well ?
At this moment till last week Neteller users can pay, get paid on thousands of sites, and send money around the world through their system.
The company claims to have “millions of point-of-sale, ATM and online locations” for users to withdraw or spend their cash.
Last July 25, Paysafe ( which as you remember is the company that owns Neteller
We could now see that this was like their test run on this concept.
We do not know the numbers that Skrill produced since they offered this service but it must have been encouraging enough for Paysafe to include their flagship brand in this endevour.
We will see where this leads but we are hopeful that this is the next step in global acceptance to the cryptocurrency revolution. Let me know what you think
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