Location: Melbourne, Australia
Founded in: 2010
Regulation: Australian Securities and Investments Commission (ASIC)
Free demo account: Yes
One Click Trading: Yes
Social trading: Yes
EA trading: Yes
Market analysis: Yes
Languages available: English, Hindi, Japanese, Korean, Russian, Chinese
Contact methods: Phone, Live chat, E-mail
Support hours: 24/5
Deposit Options: Credit Card, Skrill, Wire Transfer, PayPal
Withdrawal Options: Credit Card, Skrill, Wire Transfer, PayPal
Founded in 2010, Pepperstone is Australia’s fastest growing forex broker. With an ideal ‘no desk’ broker approach, Pepperstone provides its clients with one of the fastest trade execution speeds, some of the lowest spreads and reduced slippage, all of which give traders an idyllic advantage. The company is based in Melbourne, Australia however it now has offices in Shanghai, China and Dallas in the USA. With the company experiencing exponential growth since its establishment, Pepperstone has well earned it’s place in Australia’s top 5 companies for forex broking. Given this status, a review of the company has been provided below in order to outline what the company is offering to its clients and what type of trader the company might be best suited to.
Pepperstone has won a variety of prestigious awards, including:
Investment Trends- Australia FX Report – Best Customer Service
Investment Trends- Australia FX Report – Best Overall Client Satisfaction
Australian EY Entrepreneur of the Year
BRW Fast Starters- Winner Fastest Growing Company in Australia
Winner of Governor of Victoria Export Awards
Deloitte Technology Fast 50 Award- Winner Rising Star
BRW Fast Starters- Pepperstone named in top 100 fastest growing companies in Australia
Trading with Pepperstone
Pepperstone has directed their focus to providing traders with very low-cost pricing across all CFDs, FX and commodities as well as ensuring that they provide the highest level of security with tight financial regulations and award winning customer support. The company offers a variety of online trading platforms such MetaTrader4, the most popular online trading platform, as well as cTrader, WebTrader and mobile apps for Android, iPhone and tablets. Conforming well to it’s true ‘ecn broker’ approach, Pepperstone allows Australian forex traders to make direct trades leading bank systems and other currency pools. The company has termed this their ‘edge environment’ and as there is no dealer desk intervention, clients are able to make ultra-fast trade placements. Pepperstone has capitalised on two key factors which makes their brokers execution speeds up to 12 times faster than competitor.
Optical Fibre Network from Australia to Wall Street
Pepperstone uses an optical fibre network that runs from Sydney to their New York equinox servers which results in up to 10x latency reductions from this factor alone.
2) MetaTrader Master Server System
Pepperstone has set up a partnership with Equinix which is one of NASDAQ’s leading listed firms. As Equinix has servers located near Wall Street, this allows Pepperstone clients to access low-latency networks and the ability to exchange data with their strategic partners that are located close by. In total, the Equinix NY4 facility has over 60 exchanges, more than 400 buy/sell firms and over 150 financial service providers.
In addition to Pepperstones ‘edge environment’, the company has multiple unique trading accounts that successfully accommodate for all levels of traders.
The Standard STP Account
The Standard STP account is the classic account type and is designed for normal traders. The account uses Institutional Grade STP Spreads and allows users access to the company’s excellent liquidity with no commissions.
The Razor Account