Pepperstone Broker Review

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Who is Pepperstone?
Pepperstone is an Australian Regulated Forex broker (ASIC ID: 223682). Pepperstone is one of Asia's Largest Forex Brokers offering Raw Spread trading with ultra-low commissions. Providing transparent pricing from 22+ Banks and ECN's, Pepperstone is able to deliver its clients lower transaction costs and greater trading opportunities. Pepperstone offers institutional level service and cutting edge technology to give its traders an edge. Individuals wishing to open an account with Pepperstone can do so is by using a company such as Back Bay FX (BBFX).

Perks

  • Raw ECN Spreads
  • Offer valid for NON-USA clients ONLY
  • Interbank Liquidity from 22+ Banks
  • iPhone, iPad, BlackBerry, Android and WebTrader Applications
  • ASIC regulated
  • Low Account Opening Balance ($200)
  • Fast execution speeds
  • Servers located 11 Miles from Wall Street
  • Flexible Deposit Methods
  • Contact Us for any related questions

Pepperstone Average Spreads

PAIR RAZOR STANDARD
EUR/USD 0.1* 0.5
GBP/USD 0.1* 1.0
USD/JPY 0.1* 1.0
USD/CAD 0.2* 1.1
AUD/USD 0.1* 1.0
USD/CHF 0.2* 1.2

*RAZOR accounts have an additional $3.50 AUD Commission per side per 100k

About ECN Brokers

The ECN clearing model is a different option for clients trading OTC Forex. ECN brokers offer clients access to bank pricing and clearing services. In an ECN model, all client orders are passed through the FDM’s trading platform to an ECN for execution. In effect, these firms have automated their dealing desk so that the firm does not take on any financial risk (Straight Through Processing or STP). These FDM’s are really just technology providers that allow clients to access the FX market through their platform. So for firms that use an ECN business model, they generate their revenues by taking the prices provided by the ECN and marking those prices up, either by adding to the spread or by charging a commission. This is valuable to clients who see a conflict of interest in the traditional “market maker” approach. FDMs that use an ECN dealing model are more dependent on technology than traditional dealing desk model firms and both options can provide clients both pros and cons to their trading. Though not the right choice for all traders an ECN offers a viable solution for many FX traders. For more info about market makers and ECN models please contact us.