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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

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.

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Statements about Cryptocurrency

Statements about Cryptocurrency

Cryptocurrencies are in a bubble and regulators could burst this at a whim.

  • Eight years after the introduction of Bitcoin, there are now over 900 cryptocurrencies and their prices are at all-time highs.
  • Richard Schiller categorizes bubbles as an underlying story driving the market forward, as opposed to the fundamentals of the assets. Cryptocurrencies are riding on a narrative of economic empowerment and freedom.
  • Despite the widespread attention that cryptocurrency receive, many of the actors involved in the market are not fully informed. Debate tends to turn to hype and naive investors are buying crypto-assets without fully understanding what they are.
  • Banks spend 73% of the market capitalization of Bitcoin each year on regulatory compliance. Crypto-assets are currently unregulated and free of these restrictions. As such, the market has thrived but also developed some bad habits.
  • Regulators cannot necessarily shut down cryptocurrencies, but they can restrict liquidity into them from fiat currencies and hamper their growth. The global derivatives market, for example, is worth $1.2 quadrillion, dwarfing Bitcoin’s $100 billion market cap.

Statements about Cryptocurrency

Market manipulations in crypto markets are undermining their credibility.

  • Due to low liquidity, no regulation, and a lack of clear understanding of the markets, pump and dumps are widespread in crypto markets. This is where a speculator can artificially sell while concurrently buying their own currency, wait for the market to rise, and then dump their holdings.
  • Frontrunning is also a common occurrence in ICOs, where early investors—who are used to show initial faith in the enterprise—buy discounted tokens before immediately selling them on.

As with historic bubbles, scams are exploiting naive investors.

ICOs can have the characteristics of vaporware. Entrepreneurs are raising hundred of millions of dollars purely on concepts. Money is being raised from investors who do not truly understand the technical concepts being proposed to them, let alone whether they are feasible.

  • The actual asset structures of ICOs are not only complex but also new forms of assets in their own right. This further confuses investors, which is compounded by the “FOMO” mentality of rushing into investments and following the crowd.
  • The use of celebrities to promote ICOs further demonstrates the use of manipulative marketing techniques used to cajole immature investors into participating in ICOs.
  • The current ICO craze is reminiscent of the South Sea Bubble of the 18th century, a speculatory period that involved crazed investment into enterprises in the New World. Once one of the highest valued companies of all time, the South Sea Company’s bubble burst and the company disappeared almost as quickly as it appeared.

Blockchains are still not proven technology, and more work is required.

  • Blockchains are still new concepts and their technology has not yet been proven on a consumer-wide scale. Attention should be focused on developing this, not speculating on short-termist projects.
  • The security of blockchains is a concept that most investors in crypto-assets do not understand. The onus is on them to protect their assets, which, on the basis of the amount of thefts and frauds in the space, is not being done properly.

There are some solutions to these issues.

  • A less polarized mentality of “us against the world” is needed; this could be enforced by the promotion of self-regulatory standards. These could also help to highlight the bad actors in the ecosystem.
  • More development is required into the underlying technology of blockchains. In the long run, this would be far more valuable than ICO moon-shot projects.
  • Awareness and discussion needs to be promoted. Conferences should present balanced debates from both sides of the crypto-view and more emphasis should be placed on educating investors instead of soliciting their investments.

Originally Published here at https://www.toptal.com

Statements about Cryptocurrency

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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