Pepperstone review – Is Pepperstone A Good Broker To Trade With
Is Pepperstone A Good Broker? Here is what I personally think of Pepperstone. I have 2 trading accounts with them where I use for personal trading and another for following traders on Zulutrade.
Brief Summary of Pepperstone
They are an execution-only forex and CFD broker, founded in 2010 and based in Melbourne Australia with an Australian Financial Services License (AFSL) and is regulated by the Australian Securities and Investment Commission (ASIC).
Client funds are segregated and held with Australian banks.
They offer various trading platform such as MT4, MT5, CTrader and web trading.
Social trading linked up with Zulutrade, Myfxbook, Signal Trader and MetaTrader 4 Signals.
Different account types are available to suit different individuals and deposit in different base currencies too.
Deposit currencies available are:
Australian Dollar (AUD), United States Dollar (USD), British Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), Japanese Yen (JPY), New Zealand Dollar (NZD), Swiss Franc (CHF), Singapore Dollar (SGD) and Hong Kong Dollar (HKD).
They have many angles covered too when it comes to depositing of funds. Credit card, debit card, Skrill, Neteller, Paypal, Wire transfer, Broker to broker and others.
There is no bonus offered for deposit and I have to agree that is a good policy. I have seen other brokers that offer bonus and then create unhappiness among clients who didn’t read the T&C’s of the bonus properly and claimed that they have been scammed.
They also have good customer support with multiple language capability.
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My Trading Experience With Pepperstone.
Started with demo trading with a standard account for a month and it worked out before I moved to live account. However, my live account trading results differ greatly with that of my demo trading the same strategy and it wasn’t unexpected because there are bound to be differences.
Anyway, I didn’t let that deter me and changed to a different trading strategy and it lead me to opening a second standard live account with them.
The second account is for the sole purpose of following traders on Zulutrade only and it has been doing well so far, in terms of orders execution and slippage. Profits and losses is a separate matter and should not taken be into consideration.
If you are looking for guidance on following signal provides on Zulutrade, please go to:
Tips For Finding The Best Signal Providers On Zulutrade
Is Following Traders On Zulutrade Risky?
Deposit and Withdrawal of Funds from my accounts have been a breeze so far with no problems encountered to date.
So Is Pepperstone A Good Broker To Trade With?
Well, in my opinion, Yes!
I will continue to use Pepperstone for my trades. I don’t have any problems so far and don’t see a reason to stop trading with them. Of course unless something happens (which I will definitely update here) that make me change my mind along the way but until that happens…
Hope my Pepperstone Review is helpful to you. Good luck and safe trade!
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