Connect with us

news

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

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.

pepperstone platform

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.

Pepperstone Support

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.”

pepperstone awards

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.

Continue Reading
Advertisement

news

Neteller Launches Cryptocurrency Exchange Service

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

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 and Skrill)  announced that another digital wallet provider in its group, Skrill ( formerly known as moneybookers), started allowing customers to “instantly buy and sell cryptocurrencies, including bitcoin, bitcoin cash, ether and litecoin, using any one of the 40+ fiat currencies available in the Skrill wallet.”

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

Continue Reading

news

The basics of trading that one should know

The basics of trading that one should know

Things you should be aware of before you start

The currency trading industry and now also the cryptocurrency trading industry have gone through enormous volatile times the last couple of years. Now with trump and its trade wars. The fast rise and somewhat recline of the cryptocurrencies and the fast pace of international politics and economies that create high rises and steep fall of the currencies.

So what does it all mean and what can you do before start to trade on these news headlines.

Good brokers like LegacyFX and UBCFX provide the traders with the latest market news and updates on a continuous basis but if you are new to trading you still have no idea what to do with this.

You start by understanding that the involves a high degree of risk, including the risk of losing you hard earned money. Besides the ones that were lucky enough to have bought Bitcoin a couple of years back and cashed in in the end of 2017, most people don’t get rich overnight.

You have to understand that you only trade with money that you are able to lose, going hungry because you want to open a trade is not the right wy to go about it.

So, What is Forex?

You should by now understand that the value of currencies goes up and down every day.

This in general becomes apparent the moment you go on vacation and what you bought last year with your money now is not the same amount you get today at the exchange.

This is on a large scale, what a lot of people do not know is that there is a foreign exchange market – or ‘Forex’ for short – or “FX” for even shorter, where you can potentially make a profit from the movement of these currencies.

The most known Trader is George Soros who made a billion dollars in a day by trading currencies. This is of course on a scale that we are not able to reach and you need a huge amount of money to begin with. Still he made a billion in one day!!

The internet has played a huge part in making trading in currencies accessible for the masses. You also do not need huge amounts of money to actually do this. Now keep in mind that if you make 10% profit on your investment but the investment was just $50 you basically just end up with $55. still no bank will give you 10% interest on your money.

Many people and I am talking millions are now trading every day, most do this on the side and don’t do this as a full-time job, but there are today enough people that are full time traders and making enough money to live comfortably.

Retail forex market needed Brokers

The Forex market for the retail market was born, it started around 15 years ago to become more serious as technologies advanced and the stream of information became almost instant, this is important for trading as one second can make the difference between profit or loss.

So, the moment the technology was there the people that wanted to trade were there all that was needed were the Forex brokers that offered the platform for trading.

There are latterly hundreds of companies of not thousands that offer this service and there are good ones like LegacyFX and there are scams (these tend to not last long)

Forex explained in short

The Forex market is the largest financial market on the planet and has been for many years now.

Its average daily trading volume is more than $4 trillion. (just let that number sink in for a second). Of this total amount around 5% is the retail market meaning traders like you and me. Still 5% of 4 Trillion is still a number with a lot of zeros behind it.

If you compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. You truly see the size.

To give you another example:

if you were to put ALL of the world’s equity and futures markets together, their combined trading volume would still only equal a 25% of the daily Forex market. Insane right?

Why does this even matter?

It matters because there are so many buyers and sellers that transaction prices are kept low. To explain how trading the Forex market is different than trading stocks, here are a few major benefits.

  1. Most Brokers don’t charge commissions – you pay only the bid/ask spreads.
  2. There’s 24hour trading – you decide when to trade and how to trade.
  3. You can focus on your currencies and become experts in only those pairs that you follow instead of following and selecting out of 5000 stocks
  4. You can trade on leverage, (something to be very aware of as it can magnify potential gains but also your losses).
  5. Forex is accessible for almost everyone– you don’t need a lot of money to get started
  6. In the Forex market you can trade on Demo accounts to learn before you commit your money

How is Forex traded?

The mechanics of a trade are virtually identical to those in other markets. The only difference is that you’re buying one currency and selling another at the same time.

This is also the reason as to why the currencies are quoted in pairs, like EUR/USD or USD/GBP.

The exchange rate represents the purchase price between the two currencies.

Example:

The EUR/GBP rate represents the number of GBP one EUR can buy (relevant now with all the Brexit issues going on) . If you think the Euro will increase in value against the British Pound, you buy Euros with British Pounds. If the exchange rate rises, you sell the Euros back, and you cash in your profit.

Now the same works for strading Bitcoin, ethereum, Litecoin or other cryptocurrencies. this has become an entire new market and has introduced many people to Forex . you should here be also aware that trading cryptocurrencies is like regular trading so you will be able to lose great sums of money.

the Best thing i found about trading cryptocurrencies is that the Leverage by default tends to be very low which makes the risk of losing it all much smaller.

Sounds simply enough?

Why does not everyone Trade.

The same could be asked as to why not everyone plays poker, you can make money. The comparison between the 2 is actually closer than you might think.

All traders that are successful will tell you that 80% of successful trading is psychology and the other 20% is research. It takes time to get the research down, but it can take a lifetime to master the psychology.

People tend to do things differently when real money is on the line and are accepting losses in the hope that the trend will reverse or taking out profit too early because they don’t want to lose what they just have gained. In short, the psychology is the hard part.

One should be aware that you can loose real money and a lot of it very fast if you don’t know what you are doing.

Now most Good Forex brokers offer some educational tools, some more than others that will teach you how to trade. There is also something that is called social trading that will allow you to follow other traders and see what they are doing in order for you to learn and make money at the same time.

So here are some ground rules for those that look to start trading

  1. Get involved in the market, watch read and listen to the news to understand what is happening
  2. Go through a trading course ( a good one is here)
  3. Open a demo account and trade at least a month (my advice to do this even longer)only on this before you even think about trading with real money.
  4. Check out social trading, there are some options for this, this broker offers this also.
  5. Try with an amount that you are able to afford losing. See this as your tuition money.
  6. Take it slow, don’t become greedy and follow the basic rules

Basic Rules (there are many more but start with these)

  1. The trend is your friend
  2. Don’t add money to a losing position
  3. Don’t trade on too many different currency pairs
  4. Trade only with a good broker
  5. Don’t open to many positions (no one needs 100 positions a day)
  6. Develop your strategy and stick to it.
  7. Know that NO ONE is 100% of the times right, everyone loses some.
  8. Last but not least, don’t trade with money you cannot afford to lose.

Now all that I want to say is good luck.  😊

 

Continue Reading

news

Wanted Cryptography Experts in China

 Wanted Cryptography Experts in China

The sooner we get to the official launch of China Digital Money. the more Cryptography Experts are needed.

it almost is surreal as they pushed against this from the beginning but now S China digital money may soon be a reality.

The Bank of China (PBOC) is hiring cryptography experts by the masses as reported by the South China Morning Post (SCMP)

this is the latest in the Chinese efforts to have a state controlled cryptocurrency for its own means.

The institution is one which worries a lot about the effect of investor activity in the cryptocurrency market. this in great contrasted to the directive issues in 2014 by the PBOC  that Bans any activity related to the cryptocurrency market.

Yet the Central bank of china started to build their own work force for building and developing their crypto in 2017.

something like if you can beat them , copy them.

in 2017 the Yicai Global reported that this targeted workforce would work from central Beijing as was to be names the  digital currency research institute

This research institute would primarily focus on the latest in digital currency technologies and all the different applications that would benefit from cryptocurrencies.

the former deputy director of the PBOC’s science department, Mr Yao Qiann would be in charge of the overall project

since then they are expending with opening a new research institute expanded in Nanjing . the idea for this center is to create more interest n the technologies and its possible applications.

the pilot programs are to be implemented by state controlled banks and academic institutions which should result in blockchain hubs that would attract new developing talent and additional capital to further develop the cryptocurrencies.

“Beijing’s ideal digital currency must ensure the smooth running of monetary and financial stability policies and at the same time protect consumers.”

Apparently, the ultimate goal for the Digital Currency Research Institute (DCRI) was to clear the path for a national cryptocurrency. Reports indicate that the fintech hubs will serve a purpose higher than initially believed. Reportedly, the hubs will serve as testing ground for China digital money. Here, the currency will undergo tests from prototype phase to future mass production.

and thus we get to the point that they are looking aggressively for new talent in the cryptographers and computer scientists sectors. now that more and more student have said good bey to the united states in the last couple of months after feeling they were less welcome this drive for finding new employment has only intensified and is answered by the large amount of brilliant young people coming back to live in chine after their education abroad.

The salaries are even higher then what they would have earned if they would stayed in the US and gone of to work in some of the companies in the Silicon Valley.

So we could expect that China is now also looking to become a world player in this industry as they have become the leaders in so many other fields.

 

 

Continue Reading

Trending