Pepperstone forex minimum deposit
In the sections below, you will find the most relevant fees of Pepperstone for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. We also compared Pepperstone's fees with those of two similar brokers we selected, IC Markets and Axi. This selection is based on objective factors such as products offered, client profile, fee structure, etc.
See a more detailed rundown of Pepperstone alternatives. To have a clear overview of Pepperstone, let's start with the trading fees. We calculated with the fees of the Razor Account. Pepperstone's trading fees are low.
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- What are Pepperstone's spreads & fees?;
The Standard and Razor accounts have different fees. In this review, we tested the Razor account on MetaTrader 4 , which charges a commission but spreads are low. We know it is hard to compare trading fees for forex brokers. So what we did was we compared brokers by calculating all fees of a typical trade for selected products. A typical trade means buying a leveraged product, holding it for one week and then selling it.
The leverage we used was:. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers.
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Let's see the verdict for Pepperstone fees. Fees are charged through commissions and spreads. The commission varies depending on the trading platform you use. The so-called round turn commissions per lot, i. Pepperstone has low non-trading fees. There are no inactivity or account fees. Pepperstone accepts customers from all over the world. You can choose from two account types, Standard and Razor, which have different pricing structures. The round turn commissions per lot, i. If you prefer trading at high volume , you may want to check out the Active Trader program.
This gives you rebates based on the number of trades you carry out. Apart from the Standard and Razor accounts, there's a third account type called a Managed Account. This is mainly aimed at fund managers, who can use this account to easily manage hundreds of sub-accounts. The account opening process is easy and fully digital: online application takes roughly minutes. On paper, you have to wait days for account approval; however, ours was verified within a day.
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If a problem occurs, you can get help via email or live chat. At Pepperstone, you can choose from 9 base currencies:. Why does this matter? For two reasons. If you fund your account in the same currency as your bank account or you trade assets in the same currency as your account base currency, you don't have to pay a conversion fee.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. You can get great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone. Compare digital banks. Pepperstone charges no deposit fees. There are multiple options for depositing funds:. You can only deposit money from accounts that are in your name. How long does it take to withdraw money from Pepperstone? We tested credit card withdrawal and it took 2 business days. Compare to other brokers. Pepperstone doesn't have its own self-developed trading platform.
It offers three third-party trading platforms :. The Pepperstone web trading platform has great customizability. It is easy to change the size and position of tabs. However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to our watchlist. Pepperstone provides only a one-step login. Two-step authentication would be more secure.
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- Competitive FX spreads and a bevy of trading platforms;
However, you can set up a two-step login for accessing the client area on the website where you can initiate a withdrawal for example. You can't log in using biometric authentication. Offering this feature would make the login process more convenient.
The platform's search functions are OK. You can find assets grouped into categories, but we missed the usual search box where you can type asset names or other keywords manually. You can use only basic order types ; you won't find more sophisticated orders such as 'one-cancels-the-other'. The following order types are available:.
If you are not familiar with order types, read this overview.
Pepperstone Minimum Deposit Guide (2021)
You can't set alerts or notifications on the Pepperstone web trading platform. This feature is available only on the desktop trading platform. Pepperstone has clear portfolio and fee reports. You can easily see your profit-loss balance and the commissions you paid.
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These reports can be found under the 'History' tab. MetaTrader 4 is the most popular of the three and is available for both iOS and Android. We tested it on both. After you download the MT4 mobile trading platform, you have to access the Pepperstone-Live server. Just like on the web trading platform, you can choose from many languages. Changing the language is a bit tricky on Android devices; you can do it only if you change the default language of your mobile. Pepperstone has a great mobile trading platform ; we really liked its design and user-friendliness.
You will easily find all the features. Similarly to the web trading platform, Pepperstone provides only a one-step login. A two-step login would be safer. You can't use fingerprint or Face ID authentication.
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Offering these features would make the login process more convenient. The search functions are good. You can search by typing the name of the product you're looking for or by navigating the category folders. You can use the same order types and order time limits as on the web trading platform.
You can set alerts and notifications , although only through the desktop trading platform. It would be much easier if you could set these notifications on the mobile trading platform as well. We reviewed MetaTrader 4 MT4 , as this is the most popular one among investors. It has the same design, is available in the same languages, offers almost the same order types trailing stop is also available , has the same search functions, and offers the same portfolio and fee reports as the web trading platform.