Scam or Legit – Read Before Trading
Pepperstone is a top-rated brokerage firm that is headquartered in major cities such as Dallas, Bangkok, Melbourne, London etc. It was created to achieve the goal of beginner-friendly trading in the automated trading industry.
Can you search about brokers online? If yes, then you won’t be spoilt for choice because there are thousands of options available? But you might get confused in case you have heard about scams in this industry. Of course, comes in the automated trading seen a very popular and as such, every individual should be very particular about the broker that they like to invest their money through.
As such a lot of you may resort to review websites. But it won’t be wrong to say that these review websites would also confuse you. As some of them quote one particular broker to be a scam while the other must say that it is trustworthy. Therefore we are here to offer you an unbiased opinion based on real-time testing as well as user reviews. This will do away with all your confusion, and you will be able to invest in the right brokerage firm.
But why a broker so significant? A professional trader would be able to answer this question very quickly. But as we focus on beginners, we would like to inform you that whenever you create an account on automated trading software, you are matched with the broker in your region. This is because the broker places your deals and assists you in creating maximum profit out of your initial capital.
This is why brokers are one of the essential parts of automated trading platforms, and you should be very careful about them. In this article, we are going to discuss all aspects of a top-rated broker called Pepper stone. Therefore if you do not know anything about this brokerage firm, make sure you read this entire article very carefully. As if you are distracted, you might face a loss while trading there.
Are you interested in continuing reading then scroll down!
Pepperstone In Depth Review
It is one of the most popular and trustworthy brokerage firms. It was established in 2010 in Australia as an online forex and CFD broker. But over the time it has gained so much popularity that it is now headquartered in a lot of famous cities including Bangkok, London, Dallas, etc. Even though this platform was opened to the public very recently, it has been gaining grounds due to its excellent quality services.
Initially, online cryptocurrency, as well as stock trading software’s, could only be used by financial experts. This is because only these people could do the research that was required for trading online. However, this very concept was changed once the automated beginner-friendly platforms are introduced. As such, this company intended to make this trading experience a good one by providing a trustworthy brokerage firm.
Pepperstone is solely an Australian forex broker firm that provides some CFDs. It is established in the year 2010 and has opened an office in London in the year 1025 that serves a lot of European clients.
Pepperstone is rather safe and counts amongst the top tier financial authorities similar to Australian ASIC and UK FCA.
Pepperstone is a renown forex broker in CFD. CFDs are complicated instruments and deliver high risk of losing on the invested money due to leverage. There are approximate 78% of retail investors account that lose money when they are trading CFDs with any such provider. The main point to know is whether or not you understand how CFDs work and can you afford to take this high risk of losing on to your money.
It would not be wrong to say that this company is one of the world’s largest providers of online forex and CFD trading. This is because they focus all their efficiency on providing their clients with low spreads, superior service as well as faster execution. This enables all the users to trade in a user-friendly environment as well as create more profits simultaneously. How great is that?
Is Pepperstone a scam?
Now that you have reached this section, we are assuming that you must have also checked some other resources regarding this powerful software! We are also very sure that you must have got mixed responses. But as we have already mentioned, we will base all our statements on real-time testing as well as real user reviews. This is because we care a one your investment!
So getting back to the question, Pepperstone is a hundred per cent legitimate software, and as such you should not hesitate while putting in your initial capital at this brokerage firm. This is because this firm is well regulated, and as such, it works under restrictions. Therefore, your money is safe with them, and they can’t use it in the wrong way. Such an excellent feature enables a hassle-free experience.
Pepperstone gives its users a slight selection of tradable products and provides forex and CFD traders with a lot of competitive prices. And is one of the largest collections of any third-party platform that is in existence. It also includes social copy trading and is the most trusted global brand.
Pepperstone is famous for its wide selection of third-party trading platforms that offer not only MetaTrader suite besides gives cTrader. It provides its client with a range of variety of copy trading platforms like ZuluTrade, Myfxbook and Tradency.
When a brokerage firm is under regulations, the amount that you invest is held in a segregated account instead of directly pouring inside the account of the broker. Thus, unless a profitable deal is placed, your money will be safe. Pepperstone works in precisely the same way. Moreover, the regulations and affiliations about this software make it undoubtedly accurate.
Is Pepperstone well regulated?
You should consider this section as the most important in the entire article. This is because when a broker is regulated, your money is a hundred per cent guaranteed to be safe. It is only because of these regulations you can place profitable deals and earn profits. As mentioned previously regulated brokers hold the clients’ fund in segregated accounts and all this fund is safely secured through technological advancements.
We are happy to inform you that this is a very genuine software that is regulated and affiliated with several organisations globally. It is governed by the Australian Securities and Investment Commission as well as the Financial Conduct Authority of the United Kingdom. Both these organisations are known for their strict enforcement of regulatory requirements and, protect the interest of the clients.
Pepperstone is mainly an agency that executes all its brokers with plans of a good range of options on the methods of pricing that it gives. It has a commission-based Razor account that is the best choice the customers can make.
Pepperstone is known to be the average risk that has an overall trust score of 79 out of 99. It does not publicly trade and does not own a bank either. Pepperstone is authorised by zero tiers three regulators, which is the lowest trust. It also offers two-tier one regulators, which is the highest trust and an average trust of zero tiers and two regulators.
The funds deposited in this brokerage firm are held in well-known banks such as the National Australia Bank as well as Barclays etc. Thus, all these regulations make Pepperstone very trustworthy as well as reliable software out of the hundreds of brokerage firms that have scammed people in the name of safe investments. If you notice we claim this statement by judging the regulatory authorities and not by the claims of the broker.
This brokerage firm is excellent if you would like to increase your advantage during investments. The benefit provided at this platform is that of 1:500. However, any interest does not ensure that you will make more. And you should use these options very carefully as if you lose the amount, you will lose more than what you can afford.
This is amongst the essential feature this platform has that are associated with this mobile trading app. This app is easily downloaded on your phone from Google Play Store or even the Apple App Store. Thus, it helps to trade easily, and you do not have to worry about carrying a burden of the laptop all day long. The mobiles can do what the laptops could. You can access this app from the iPad and even tablets.
This software turns out to give the highest priority to awareness. It has a lot of knowledge material that you can ponder upon no matter what kind of trader you are. If you want to know more about this industry you can access the webinars and all the travel guides that are on this software. If you are brand-new to this platform, then you can check all of these options out thoroughly.
there are far more options for you to select when you register at this software regarding the kind of accounts. Five options are available, which includes the standard, razor, swap-free and active trader account. You can pick any of these options while registering yourself according to your requirements. How cool is that?
There is the majority of software that gives minimum deposit that is about a thousand dollars. It is not a very good amount that newcomers need to invest. But there is a piece of good news for you. This platform requires a minimum deposit that is as less as $200. We recommend that the 1st investment should be minimum so that you can analyse the robot yourself.
Deposits and withdrawals:
The minimum amount that you can deposit varies from the type of account that you choose to register at. But we found out that the withdrawals and the deposit processes are straightforward to handle. Moreover, if you want to withdraw an amount from your account, then it can be processed as quickly as 48 hours. Isn’t that so quick?
registration also is the crucial feature for any brokerage firm. Enrolment on this platform is swift and hassle-free. You require to make certain that you can verify all these by yourself for every deposit or withdrawal to happen immediately. If you still do not get the registration, you can head to the passage to get a brief about the registration process.
there are a lot of brokers who opt for automated cryptocurrency trading platforms. This provides people who do not have previous experience to gain a lot of knowledge. This option lessens the number of unnecessary losses incurring to the people as they do not know how to trade. You have access to almost all the platforms and just by investing zero money at Pepperstone.
We want our clients to have a hassle-free experience, and even after you read this guide, you still have problems. You do not need to worry. This platform has excellent customer service. Whenever you feel there is a query you can submit a form of comments, concerns and questions to the staff by mail, telephone or standard message. Live chat option is also available. Customers are the top priority of this platform. There every need is well taken care of. How cool is that?
How do I register myself on Pepperstone?
You are in luck if you do not like elaborate questionnaires while registering on a particular platform. If you are a professional trader and you have been trading for quite a long time. You would know that there are specific platforms where elaborate processes regarding registration are a reality. But at this platform, certification would not take more than five minutes.
To successfully register yourself at this platform, navigate to its official website first. Then look for the registration option and enter your details carefully. You will be required to enter the suitable account type, your country of residence, your email address as well as a strong password. Moreover, if you want to ease down the process, then you can also use your Google, Facebook or LinkedIn profiles for easy registration.
How do I begin trading with Pepperstone?
If you are accessing this brokerage firm through a cryptocurrency platform, then you do not need to register separately on this brokerage firm. But if you want to trade individually, then you will have to do so by depositing some initial capital. Do not worry as this process is very safe, and a variety of payment methods are available. The ways that you can use are Credit cards, Moneybookers, PayPal, Wire Transfer, Poli, Skrill, etc.
You will be happy to know that if you have any profits in your account. Then you can make a withdrawal whose request can be processed in as less as 48 hours. This is an excellent feature because not a lot of brokerage firms provide such a short amount of time while processing withdrawals. It can take as long as 7 to 10 days at other platforms, which is not a pleasant time.
Trading is super simple at this platform. You can opt for a free account at the demo mode option. In the demo mode, you will be awarding yourself of all the possibilities that will occur at live trading. After that is done, you might switch onto the MT4 platform. Moreover, you can also choose from a c-Trader, mirror trader, MT5 or a Zulutrade platform. Thus, you are spoilt for choice in this category as well.
Pros / Cons
- It is a well-planned, brokerage firm.
- It has a purposeful customer care service and will help you any time.
- The extractions and pay-outs are handled very safely.
- It is indisputably not a fraud.
- There are multiple account options to be chosen from.
- It is one of the most productive brokerage firms.
- One can trade through many possibilities here.
- Some commissions on trades can be found.
There are a variety of features that this software provides, and you should opt for it without hesitation. The features that this software gives includes customer care service, secure pay-outs and withdrawals, multiple account options to chose, and there is a good reputation in the forex trading. It makes it a go-to software for anyone interested in online trading. The tradable assets have currencies, stocks, commodities, cryptocurrencies and indices etc.
Although, we still support the fact that if it is new, then you can certainly have to stock to minimal deposits that are required for any deposits. This keeps you safe, and you do not incur losses in the trading if anything goes wrong.
Is Pepperstone a scam?
No, it is a hundred per cent legitimate.
When are withdrawals processed on this firm?
It takes 24 hours to process your withdrawals.
Is registration a stressful affair?
No, but you will have to answer a questionnaire to register.