Forex Trading at Pepperstone in the Philippines
- Demo Account
- No inactivity fee
- Accepts Traders from Philippines
|Free Demo Account|
|US Traders Allowed|
- Competitive low spread costs
- Negative balance protection for the UK and European Union clients
- Client funds are secured by multiple jurisdictions
- Does not accept US traders
- Trade in only Forex and CFD
Cryptocurrency is becoming one of the most widely accepted means of financial transactions. Not only web users, but also firms and organizations are making trade and transactions via cryptocurrency. Alongside cryptocurrency, Forex, CFD, and spread betting have also risen in popularity and use.
Many trade agencies are being established based on the rise of these relatively new trade sectors, and these agencies are thriving by capitalizing on these trades. Pepperstone is one of the top traders among them. Pepperstone has made its trading service available around the world including the Philippines via online media.
Pepperstone made its debut in the year 2010, and since then, it has been at the top of the online brokerage landscape. It has established itself as a full-featured trading portal of Forex, indices, commodities, CFD along with cryptocurrency. It has won more than 30 awards for trade, customer relationship management, and many more services.
Now let us look at a deeper analysis. What is Pepperstone? How does it work? What are the pros and cons of Pepperstone? This Pepperstone review should help you find out the answers to these questions and decide whether it is legitimate or not.
What is Pepperstone?
Pepperstone is an Award-Winning Online Forex and CFO broker platform. It is headquartered in Melbourne, Australia. It is registered in England and Wales. Pepperstone is authorized and regulated by the Financial Conduct Authority with the registration number of 684312. Pepperstone claims to have one of the lowest spread costs available in the retail forex network, and it is trusted by 73,000 traders all around the world.
How to Trade in Pepperstone?
If you want to trade in Pepperstone, you must have a Pepperstone account. To create a Pepperstone account, you must go through the Pepperstone login process. You will need a minimum deposit of your base currency to complete your Pepperstone account opening.
Pepperstone minimum deposit is 200 units of your base currency. When it comes to the Pepperstone account types, you will be able to find two options: Standard account and Razor account. Pepperstone also offers demo accounts for beginner level customers to experiment with. They also offer a no-swap Islamic account.
Pepperstone is a highly secure platform dealing with an average of US$12.55 billion worth of trades every day. It provides extra security to the customer’s account by keeping them completely separated from the company funds. It also provides negative balance protection only for the UK and European Union Clients.
A 24/7 chat, email and phone service along with a FAQ service are available for customer queries regarding deposits, withdrawals, and other trade issues. A Pepperstone calculator is featured in the client area for measuring margins of different trade instruments.
Besides that, Pepperstone has the best customer relationship management. It has an average rating of 4.5 out of 5 in customer service according to online reviewers.
Pepperstone offers three third-party trading platforms for facilitating trade and investment. They are MetaTrader 4, MetaTrader 5, and cTrader. Clients can access these platforms using Android, IOS, and other devices.
MetaTrader4 is the most popular platform, and it is available in many languages. It is specially designed to keep clients up to date with real-time charts, analytics, and in-depth news. It has great customizability with many management tools, indicators, and expert advisors to make it easier for the client.
It is a super user-friendly trade platform that offers a rich trading environment with convenient options
MetaTrader5 is a powerful trading platform with great functionality and ease of use. It offers advanced platform customization and less processing time. This is the only platform in Pepperstone to offer US stocks to trade as CFDs without any commissions.
cTrader is also an easy-to-use trading platform with advanced tools. It is suitable for new and advanced traders. It features many educational resources and analytics to help customers in trade decisions. This is a perfect choice for those who do not have a full understanding of trade in Forex and CFD. It is designed to simulate an institutional trade environment. If you are new to Forex and CFD trade, then you should choose cTrade in Pepperstone. This platform can only be accessed using a Razor account.
Trade Instruments and Offerings
Pepperstone offers trade with Forex and other CFDs such as commodities, stock indices, share, and cryptocurrency. It also provides spread betting for clients.
Pepperstone Forex provides a great range of Forex selection. It is a market leader when it comes to Forex trade. It provides the best prices from external sources and a competitive low spread for trading. Pepperstone Forex features an average execution speed of 25ms, and it has a risk control management that allows you to manage your leverage at any time without any restrictions. Clients funds are kept secured with the help of ASIC, FCA, and DFSA.
Pepperstone CFD allows you to trade in commodities, indices, shares, and other cryptocurrencies. For commodity CFD, you can trade using many precious metals like gold and platinum. You are also allowed to trade using soft commodities such as coffee, sugar, juice, and more other items.
Indices allow you to trade on 14 major stock markets without commissions. Pepperstone is one of the few brokers to offer extended trade hours in stock markets. It features expert commentary and analyses to help you in stock trade.
Pepperstone provides shared CFDs in a wide range of companies like Apple, Tesla, and Alibaba. It has more than 60 superior stocks available for trade. Clients require a MetaTrade5 account to trade in shared CFDs.
Pepperstone also offers five types of cryptocurrency: Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash.
Pepperstone Bitcoin and other Pepperstone cryptocurrencies are offered with leverage up to 5:1 – no commission fee. All of these can be a hedge on a single account. It is worth mentioning that Pepperstone Bitcoin is very susceptible to market change. Any small price change can result in a significant loss in Bitcoins.
Costs, Fundings, and Withdrawals
The minimum cost of opening a Pepperstone account is 200 units of the base currency. Pepperstone accepts funding of its 9 base currency via Visa, Mastercard, Paypal, Neteller, Bank transfer, and other mediums. Pepperstone funding does not come with any kind of fee, though.
Pepperstone brokers claim that Pepperstone does not add any kind of inactivity fee. However, the same cannot be said about Pepperstone withdrawal. Pepperstone withdrawal methods require you to pay fees for international bank wire withdrawals. Withdrawal processes take place on the same day, but if the withdrawal forms are sent after 21:00(GMT), then it will be processed the next day.
IC Markets vs Pepperstone
Ic Markets is an online retail Forex and CFD broker from Australia. It is an expert in CFD trading in Asia and Europe. IC Markets is the perfect competitor for Pepperstone. So, here is a side by side basic comparison table of IC Markets vs Pepperstone:
|Risk||74.25% of retail CFD accounts lose money||79.3% of retail CFD accounts lose money|
|Trade Instruments||Limited range of products||Only Forex, CFDs and Cryptocurrencies|
|costs||Low Forex fee||Low Forex and CFD fee|
|safety||Negative balance protection for EU clients||Negative balance protection for the UK and EU clients|
|Customer Service||Slow live chat||Live chat, phone, email and FAQs|
Pepperstone won the ADVFIV International Financial Award (2020) and the Capital Finance International Award (2019). It is also the winner of Investment Trends Australia Leverage Trading Report for Overall Client Satisfaction, Platform Reliability etc.
What is Pepperstone?
Pepperstone is an online Forex and CFD broker. It offers its service worldwide but does not accept US traders.
How to trade with Pepperstone?
To trade with Pepperstone, you will need to open a Pepperstone account by depositing 200 units of the base currency. After verification, you will be allowed to trade with Forex and CFDs.
Is Pepperstone legit?
Yes, Pepperstone is registered in England and Wales under company number 08965105. Pepperstone is authorized and regulated by the Financial Conduct Authority, and their registration number is 684312.
Can you trade at Pepperstone from the Philippines?
Yes. Pepperstone allows trade from the Philippines.
Does Pepperstone offer a demo account?
Yes. It offers a demo account in the client area log in section.
How to withdraw from Pepperstone?
You can withdraw cash from Pepperstone from the client area login section. Pepperstone withdrawal comes with a two-step verification process. Usually, the withdrawal process takes place on the same day. But if the withdrawal form is received after 21:00 (GMT), it processes it the next day. You have to pay the fees for international bank transfer withdrawals.
Pepperstone is a great, reliable online Forex and CFD broker. It is regulated by multiple jurisdictions. It is safe for clients because its funds are kept in a separate account from the company funds. It charges no inactivity fee. And it has one of the greatest customer services in the trade sector. So, in conclusion, Pepperstone is a market leader in Forex and CFD trade, and it is highly trustable and suitable for beginners in Philippines.Visit Broker