Pepperstone is an ECN forex broker based in Australia and founded in 2010. Pepperstone Group Ltd company. Based in Melbourne, which is ASIC regulated and has offices in London, Dallas, Shanghai, and Bangkok. Pepperstone offers trading services for forex (over 70 currency pairs), CFDs on Indices, precious metals, energies, and cryptocurrencies through the MetaTrader and cTrader trading applications. Pepperstone also has a subsidiary in the UK, which is licensed and regulated by the Financial Conduct Authority (FCA).
Pepperstone is a relatively new broker. However, its popularity is increasing due to its sophisticated trading services and good trading conditions. In fact, in 2014, Pepperstone was named the fastest-growing company in Australia by BRW Magazine.
Many traders looking for a broker will be confronted by the many reviews on the web, not all of which are genuine. Many websites focus on broker reviews, and there is much talk about brokers on various forums, channels, and social media groups. While some of the information comes from experience or from people who have used the broker’s services, some have a hidden agenda to promote the broker. Promoting a forex broker is a legal and regular practice, as long as it is done transparently.
Currently, there are very few websites that do trust broker reviews. One of the most trusted is forexpeacearmy.com because it can filter out fake reviews. However, use your intuition when reading the Pepperstone Reviews.
Pepperstone’s rating on one of the largest broker review portals is average to good. But what are disgruntled Pepperstone traders complaining about?
Allegations of spread manipulation have always been a problem in online trading activities, in addition to being denied traders profits for unfounded reasons. Some of Pepperstone’s clients are unhappy with the bureaucracy regarding deposits and withdrawals, which can turn down for long periods due to the strict anti-money laundering policies imposed by Pepperstone’s regulators (ASIC and UK FCA). Other clients complain about execution during volatile markets.
Pepperstone has won several prestigious awards from Investment Trends, Deloitte, and Forex Compare Brokers and is also recognized for its consistency in outstanding customer service, excellent trading conditions, number one for spreads, and value for money.
Facts about Pepperstone:
- Founded in 2010
- One of the biggest Forex Brokers in the world
- Official and regulated
- Award-winning Forex and CFD broker
- 24/5 multilingual customer support
Is Pepperstone regulated? – Regulation and security for customers
To avoid scams in online trading, one thing you need to know is to find out if the broker is regulated and legal. Online trading companies are being vetted and must pass specific criteria before being regulated by official regulatory authorities.
Pepperstone is an Australian based forex trading company authorized and regulated by four highly trusted regulatory authorities – Financial Conduct Authority (FCA) in the UK, Australian Securities Investment Commission (ASIC) in Australia, Dubai Financial Service Authority (DFSA) in the United Arab Emirates, and the Bahamas Securities Commission (SCB). Also, the company holds professional indemnity insurance through Lloyd’s of London.
Pepperstone is governed by the following:
- Financial Conduct Authority (FCA)
- Australian Securities Investment Commission (ASIC)
- Dubai Financial Services Authority (DFSA)
- Bahamas Securities Commission (SCB)
Pepperstone is renowned for its consistency in delivering excellent value for money. The company offers clients access to raw spreads to tell clients exactly what they are billed for and what the company earns. The company’s integrity for transparency about how funds are used makes the trust of a large number of clients, which is why Pepperstone is a trusted broker.