The provider Pepperstone, which offers its services from the other side of the world, shows that it can be worthwhile to look outside the box when looking for a suitable online broker for trading CFDs and Forex instruments. From its headquarters in Australia, Pepperstone has focused entirely on trading at the best possible conditions. Traders have the opportunity to trade at conditions that are normally only found in the interbank market. Specifically, according to the online broker’s announcement, spreads are already possible from 0.0 points. In our test, the question of how seriously Pepperstone can be assessed as an online broker also plays an important role. In the interests of our readers, we would like to be able to rule out the possibility of fraud or rip-off.
Our experience at a glance
Within the framework of our test, we have looked at and examined a number of different criteria that are important for the overall evaluation of a provider according to our experience. In addition to the trade offer, the conditions and the support options, these also include payment options, available platforms for the trade and the design of the Internet presence. However, before we go into these aspects point by point, we would first like to present our most important experiences with this online broker. And it quickly becomes clear that Pepperstone is a representative of the industry who focuses primarily on effective and cost-effective trading.
By account model, this online broker gives traders the opportunity to trade at very favourable conditions. In addition, trading takes place at a very high technical level. In concrete terms, this means that individual orders are executed extremely quickly and at precise and reliable conditions. Especially for the most important currency pairs, i.e. combinations of the highly liquid majors, the chances are very good that trading can take place at a spread level of only 0.0 points. The levers that can be used in trading range up to 1:500.
Ab a minimum deposit of only 200 euros can be entered into trading at Pepperstone. The focus of the trading offer is on currency pairs. There are also some commodities and indices. Stocks, on the other hand, cannot be traded. We have also gained a positive impression of the design and layout of Pepperstone’s online presence. Although it is a provider based in Australia that targets the markets in the Asia-Pacific region, the German version of the website is also very successful. Anyone who has ever had to deal with an offer from an online broker that has only been partially translated will know that this is not always a matter of course. In principle, however, we can state that our experience speaks for a very professional online broker, with whom both experienced customers and beginners should be in good hands, who want to specialize primarily in trading with currency pairs.
Can Pepperstone be classified as a serious provider?
To a sometimes neglected, but in our experience quite important aspect, it is the seriousness of an online broker. At a time when trading CFDs and Forex products is enjoying growing popularity, it is inevitable that additional online brokers will enter the market. This basically welcome diversity also has the disadvantage that it is not always easy for the client to separate the wheat from the chaff. Unfortunately, it can never be excluded that an online broker turns out to be dubious, i.e. acts to the disadvantage of the customer, does not fully inform about risks or irresponsibly deals with the deposits of the traders.
Ultimately, however, it is the responsibility of the traders themselves to choose a provider on whom they can fully rely in this respect. In the case of Pepperstone, we have come to the conclusion that it is an absolutely trustworthy representative of this industry. Pepperstone has been in business since 2010 and has always proven to be reliable and economically stable. It is likely that customers will continue to expect the same level in the future. The Australian regulatory authority ASIC, which monitors compliance with the most important standards and ensures in the interests of customers that fraud or rip-offs can be ruled out, is one of the bodies responsible for this.
Pepperstone offers over 70 underlying securities at top conditions
In our experience, Pepperstone is an online broker who is not only suitable for beginners and private traders, but who also offers an interesting offer for professional traders who want to become active on the market with larger volumes. This can be seen from the fact that different account versions are offered, which are aimed at corresponding customer groups. While traders can decide which account best suits their trade in terms of conditions, the complete trading offer can be accessed regardless of the account type. In this section we would like to deal with both aspects.