Pepperdyne Review is pepperdyne.com a Scam or Legit Broker

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Pepperdyne Review – is it scam or safe?

Pepperdyne is a forex and CFD broker offering lots of forex pairs and CFDs on various assets like indices, ETFs and even crypto coins, with several account types on a web based trading platform. Our concern, however, is with the broker’s regulatory status, so if you are planing to start trading with them be sure to read this review first.

Account type Min. deposit Max. leverage Spread s
Bronze Account $600 1:200 3.5 pips, floating
Silver Account $3000 1:200 1,6 pips
Gold Account $20 000 1:200 1,3 pips
Diamond Account $100 000 1:200 0,9 pips

Pepperdyne Advantages:

Lots of currency pairs and a choice of crypto CFDs

Here we should note that with Pepperdyne beginners accounts, the only available instruments are forex pairs and spot metal CFDs – namely on silver, gold, platinum, palladium and copper. That is according to their presentation.

Otherwise, on their trading platform we found a wide variety of other CFDs, including crypto CFDs on coins like EOS, Dash, Bitcoin Gold, Bitcoin, Bitcoin Cash, Cardano, Zcash, Ripple, Monero, Stellar, Qtum, Tron, NEO, Litecoin, IOTA, Ethereum and Ethereum Classic.

There were also CFDs on energy and agricultural commodities like natural gas, oil, cotton, orange juice, soybean, sugar, cocoa, coffee and wheat, plenty of ETFs, bonds, stocks and some 23 indices.

As for the forex pairs, they are over 50 and we counted a number of exotic currencies like Hungarian Forint, Israeli Shekel, Mexican Peso, Polish Zloty, Russian Rubble, Chinese Yuan, Singapore Dollar, Turkish Lira, South African Rand, Honk Kong Dollar, Norwegian Krone, Swedish Krona and Danish Krone. Still, as all crypto assets are getting more and more popular lately, here you may check our list of brokers, offering Bitcoin CFDs as well:

The broker is unregulated

Pepperdyne is an unregulated, offshore broker. The company behind it – Blackstone Capital Limited is based on St. Vincent and the Grenadines, while another company, associated with them – Blackstone Financial Partners Limited is based in Ireland.

Blackstone Capital Limited says to be regulated in St. Vincent and the Grenadines. This, however, is not true simply because the local Financial Services Authority of St. Vincent and the Grenadines does not regulate forex and CFD brokers.

Have in mind that if you trade with unregulated brokers, you rely entirely on the integrity of the people, who operate them. Unlike the brokers, licensed by respected financial authorities such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC), the unregulated, offshore brokers are not obliged to report to anyone, neither to have external audits or to keep some minimum capital adequacy ratio.

Also they are not required to keep traders money in a segregate, protected form creditors accounts.

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On the other hand FCA and CySEC brokers are even obliged to insure the trading capital. Traders with FCA brokers, for example, are entitled to a compensation of up to 50 000 GBP in the event their broker turns insolvent. Similar compensation scheme with all CySEC brokers guarantees traders up to 20 000 EUR of their capital. Besides, here you may check our list of FCA regulated brokers:

Pepperdyne is another unregulated, offshore broker with rather limited credibility, which on top of that offers rather mediocre trading conditions. And yet, our main concern remains the lack of regulation. That means your investment with Pepperdyne will be totally unprotected.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for Pepperdyne

Spread

Slippage

Requotes

Price feed

Platform

Deposit/Withdraw

Customer service

Summary

Pepperdyne Estafa

Son los mismos brokers que profxpremium y que jubiter.com

Yo tambien fui estafado en Madrid, a travГ©s del telГ©fono y del programa Any Desk, conmigo hablaron una chica que se llamaba Amanda Fox primero y despues un tal Santiago Colomina.
Son unos autenticos ladrones, que me llamabn desde el numero +34910920926 en EspaГ±a, donde cuando lo fui a denucniar a la PolicГ­a, despuГ©s me llamaron y me dijeron que aquГ­, ya estaba marcado como Chiringuito Financiero.
Dicen que tienen regulacion pero no tienen nada, las empresas que estan pro detras, puede verse que estan en paraisos fiscales, que son Silver Wolf Limited, Blonde Bear OU y Black Parrot Limited, todas con nombres de animales, que aprece que hasta lo hacen para reГ­rse de nosotros.
Y son la misma gente que esta detrГЎs de Peperdyne y jubiter.com, porque cuando contestaban al telГ©fono a veces decГ­an los nombres de esos brokers.
Hablamos con unos abogados (otro afectado y yo) que llevan temas parecidos y nos dicen que probablemente, estos tengan alguna oficina en EspaГ±a, porque mucho de los nГєmeros con los que llamaban eran espaГ±oles, y las cuentas bancarias, casi siempre lo mandamos a Bulgaria y Estonia, pero habГ­a una spaГ±ola tambiГ©n.

Translated by Google:

They are the same brokers as profxpremium and jubiter.com

I was also scammed in Madrid, through the telephone and the Any Desk program, a girl named Amanda Fox was talking to me first and then one Santiago Colomina.
They are real thieves, who called me from the number +34910920926 in Spain, where when I went to denounce the police, then they called me and told me that here, I was already marked as Chiringuito Financiero.
They say that they have regulation but they have nothing, the companies that are behind, you can see that they are in tax havens, which are Silver Wolf Limited, Blonde Bear OU and Black Parrot Limited, all with animal names, which it seems they even do To laugh at us.
And they are the same people who are behind Peperdyne and jubiter.com, because when they answered the phone they sometimes said the names of those brokers.
We speak with some lawyers (another affected and I) who have similar issues and tell us that they probably have an office in Spain, because many of the numbers they called were Spanish, and bank accounts, we almost always send it to Bulgaria and Estonia, but there was a spaГ±ola too.

Pepperdyne is a scam

They are professional liars, my admission was because a woman called Marcela and began calling and insisting that she enter her company, and the access error without investigating the company, with a minimum amount, until that moment was the contact of That lady, then she passed me to a Brad guy who cunningly made me invest more money, and in less than 2 months he made the money invested disappear, despite having announced that for the operation when it started to go down, I have archived the messages that I exchanged with him, then a guy named Tom entered the scene, who promised in writing to recover the money invested, and the opposite happened, made me lose more money.
In short, do not trust this company and its people, they live from deceit to others.

fraude de pepperdyne

Inverti en esta plataforma y despues de unos meses todo iba bien pero de repente se dejaron de comuicar no contestaban ningun correo, llame a todos los telefonos y en ningun lado me contestaron el numero y correp tampoco me contestan en la plataforma que tenia instalada ya no me deja entrar me marca error solo quiero que tengan cuidado x que son unos estafadores, y para que no sigan defraudando a toda las personas que le han hecho lo mismo expongan su caso, de verdad no saben con que sacrificios uno junto la inversion como para que se aprovechen asi de la gente.
gracias

Translated by Google:

I invested in this platform and after a few months everything was going well but suddenly they stopped communicating they didn’t answer any email, I called all the phones and nowhere did they answer the number and they didn’t answer me either on the platform I had installed let me in makes me mistake I just want you to be careful x that they are scammers, and so that they do not continue to disappoint all the people who have done the same expose their case, they really do not know with which sacrifices one together the investment as for Let them take advantage of people like that.
Thank you

Pepperdyne es un fraude

Al inicio se comunican contigo y estan al pendiente pero cuando les dices que no piensas depositar mas dinero ya no te llaman, haces el tramite para retiro y no te depositan, luego los publicas porque no te hacen el retito y te llaman amenazando por el contrato que segГєn existe y demГЎs ya llevo 2 meses esperando que alguien me haga caso y me resuelva mis 750 dls pero hasta la fecha nada.

Ojo no se metan ni les crean es un fiasco

Translated by Google:

Pepperdyne is a fraud

At the beginning they communicate with you and are on the lookout but when you tell them that you do not plan to deposit more money they do not call you, you do the withdrawal process and they do not deposit you, then you publish them because they do not make a withdrawal and they call you threatening for the contract that as it exists and others and I have been waiting for 2 months for someone to ignore me and solve my 750 dls but to date nothing.

Eye do not mess or believe them is a fiasco

Is Your Forex Broker a Scam?

If you do an internet search on forex broker scams, the number of results is staggering. While the forex market is slowly becoming more regulated, there are many unscrupulous brokers who should not be in business.

When you’re looking to trade forex, it’s important to identify brokers who are reliable and viable, and to avoid the ones that are not. In order to sort out the strong brokers from the weak and the reputable ones from those with shady dealings, we must go through a series of steps before depositing a large amount of capital with a broker.

Trading is hard enough in itself, but when a broker implements practices that work against the trader, making a profit can be nearly impossible.

Key Takeaways

  • If your broker does not respond to you, it may be a red flag that he or she is not looking out for your best interests.
  • To make sure you’re not being duped by a shady broker, do your research, make sure there are no complaints, and read through all the fine print on documents.
  • Try opening a mini account with a small balance first, and make trades for a month before attempting a withdrawal.
  • If you see buy and sell trades for securities that don’t fit your objectives, your broker may be churning.
  • If you are stuck with a bad broker, review all your documents and discuss your course of action before taking more drastic measures.

Separating Forex Fact From Fiction

When researching a potential forex broker, traders must learn to separate fact from fiction. For instance, faced with all sorts of forums posts, articles, and disgruntled comments about a broker, we could assume that all traders fail and never make a profit. The traders that fail to make profits then post content online that blames the broker (or some other outside influence) for their own failed strategies.

One common complaint from traders is that a broker was intentionally trying to cause a loss in the form of statements such as, “As soon as I placed the trade, the direction of the market reversed” or “The broker stop hunted my positions,” and “I always had slippage on my orders, and never in my favor.” These types of experiences are common among traders and it is quite possible that the broker is not at fault.

Rookie Traders

It is also entirely possible that new forex traders fail to trade with a tested strategy or trading plan. Instead, they make trades based on psychology (e.g., if a trader feels the market has to move in one direction or the other) and there is essentially a 50% chance they will be correct.

When the rookie trader enters a position, they are often entering when their emotions are waning. Experienced traders are aware of these junior tendencies and step in, taking the trade the other way. This befuddles new traders and leaves them feeling that the market—or their brokers—are out to get them and take their individual profits. Most of the time, this is not the case. It is simply a failure by the trader to understand market dynamics.

Broker Failures

On occasion, losses are the broker’s fault. This can occur when a broker attempts to rack up trading commissions at the client’s expense. There have been reports of brokers arbitrarily moving quoted rates to trigger stop orders when other brokers’ rates have not moved to that price.

Luckily for traders, this type of situation is an outlier and not likely to occur. One must remember that trading is usually not a zero-sum game, and brokers primarily make commissions with increased trading volumes. Overall, it is in the best interest of brokers to have long-term clients who trade regularly and thus, sustain capital or make a profit.

Behavioral Trading

The slippage issue can often be attributed to behavioral economics. It is common practice for inexperienced traders to panic. They fear missing a move, so they hit their buy key, or they fear losing more and they hit the sell key.

In volatile exchange rate environments, the broker cannot ensure an order will be executed at the desired price. This results in sharp movements and slippage. The same is true for stop or limit orders. Some brokers guarantee stop and limit order fills, while others do not.

Even in more transparent markets, slippage happens, markets move, and we don’t always get the price we want.

Communication Is Key

Real problems can begin to develop when communication between a trader and a broker begins to break down. If a trader does not receive responses from their broker or the broker provides vague answers to a trader’s questions, these are common red flags that a broker may not be looking out for the client’s best interest.

Issues of this nature should be resolved and explained to the trader, and the broker should also be helpful and display good customer relations. One of the most detrimental issues that may arise between a broker and a trader is the trader’s inability to withdraw money from an account.

Broker Research Protects You

Protecting yourself from unscrupulous brokers in the first place is ideal. The following steps should help:

  • Do an online search for reviews of the broker. A generic internet search can provide insights into whether negative comments could just be a disgruntled trader or something more serious. A good supplement to this type of search is BrokerCheck from the Financial Industry Regulatory Authority (FINRA), which indicates whether there are outstanding legal actions against the broker. And if appropriate, gain a clearer understanding of the U.S. regulations for forex brokers.
  • Make sure there are no complaints about not being able to withdraw funds. If there are, contact the user if possible and ask them about their experience.
  • Read through all the fine print of the documents when opening an account. Incentives to open an account can often be used against the trader when attempting to withdraw funds. For instance, if a trader deposits $10,000 and gets a $2,000 bonus, and then the trader loses money and attempts to withdraw some remaining funds, the broker may say they cannot withdraw the bonus funds. Reading the fine print will help make sure you understand all contingencies in these types of instances.
  • If you are satisfied with your research on a particular broker, open a mini account or an account with a small amount of capital. Trade it for a month or more, and then attempt to make a withdrawal. If everything has gone well, it should be relatively safe to deposit more funds. If you have problems, attempt to discuss them with the broker. If that fails, move on and post a detailed account of your experience online so others can learn from your experience.

It should be pointed out that a broker’s size cannot be used to determine the level of risk involved. While larger brokers grow by providing a certain standard of service, the 2008-2009 financial crisis taught us that a big or popular firm isn’t always safe.

The Temptation to Churn

Brokers or planners who are paid commissions for buying and selling securities can sometimes succumb to the temptation to effect transactions simply for the purpose of generating a commission. Those who do this excessively can be found guilty of churning—a term coined by the Securities and Exchange Commission (SEC) that denotes when a broker places trades for a purpose other than to benefit the client. Those who are found guilty of this can face fines, reprimands, suspension, dismissal, disbarment, or even criminal sanctions in some cases.

SEC Defines Churning

The SEC defines churning in the following manner:

Churning occurs when a broker engages in excessive buying and selling of securities in a customer’s account chiefly to generate commissions that benefit the broker. For churning to occur, the broker must exercise control over the investment decisions in the customer’s account, such as through a formal written discretionary agreement. Frequent in-and-out purchases and sales of securities that don’t appear necessary to fulfill the customer’s investment goals may be evidence of churning. Churning is illegal and unethical. It can violate SEC Rule 15c1-7 and other securities laws.

The key to remember here is that the trades that are placed are not increasing your account value. If you have given your broker trading authority over your account, then the possibility of churning can only exist if they are trading your account heavily, and your balance either remains the same or decreases in value over time.

Of course, it is possible that your broker may be genuinely attempting to grow your assets, but you need to find out exactly what they are doing and why. If you are calling the shots and the broker is following your instructions, then that cannot be classified as churning.

Evaluate Your Trades

One of the clearest signs of churning can be when you see buy and sell trades for securities that don’t fit your investment objectives. For example, if your objective is to generate a current stable income, then you should not be seeing buy and sell trades on your statements for small-cap equity or technology stocks or funds.

Churning with derivatives such as put and call options can be even harder to spot, as these instruments can be used to accomplish a variety of objectives. But buying and selling puts and calls should, in most cases, only be happening if you have a high-risk tolerance. Selling calls and puts can generate current income as long as it is done prudently.

How Regulators Evaluate Churning

An arbitration panel will consider several factors when they conduct hearings to determine whether a broker has been churning an account. They will examine the trades that were placed in light of the client’s level of education, experience, and sophistication as well as the nature of the client’s relationship with the broker. They will also weigh the number of solicited versus unsolicited trades and the dollar amount of commissions that have been generated as compared to the client’s gains or losses as a result of these trades.

There are times when it may seem like your broker may be churning your account, but this may not necessarily be the case. If you have questions about this and feel uneasy about what your advisor is doing with your money, then don’t hesitate to consult a securities attorney or file a complaint on the SEC’s website.

Already Stuck With a Bad Broker?

Unfortunately, options are very limited at this stage. However, there are a few things you can do. First, read through all documents to make sure your broker is actually in the wrong. If you have missed something or failed to read the documents you signed, you may have to assume the blame.

Next, discuss the course of action you will take if the broker does not adequately answer your questions or provide a withdrawal. Steps may include posting comments online or reporting the broker to FINRA or the appropriate regulatory body in your country.

The Bottom Line

While traders may blame brokers for their losses, there are times when brokers really are at fault. A trader needs to be thorough and conduct research on a broker before opening an account and if the research turns up positive for the broker, then a small deposit should be made, followed by a few trades and then a withdrawal. If this goes well, then a larger deposit can be made.

However, if you are already in a problematic situation, you should verify that the broker is conducting illegal activity (such as churning), attempt to have your questions answered, and if all else fails, and/or report the person to the SEC, FINRA, or another regulatory body that could enforce action against them.

Pepperstone.com Review Visit site

About Pepperstone.com

Pepperstone is an online forex broker. Pepperstone offers the MetaTrader 4, MetaTrader 5, MT Mobile, and cTrader trading currency top platform. Pepperstone.com offers over 60 currency pairs, cryptocurrencies, share cfds, gold, silver, and other commodities for your personal investment and trading options.

  • Information
  • Live Discussion
  • Profile
  • Video
  • 13 Widgets
  • More .

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $200
Established: 2020
Address: Level 16, Tower One, 727 Collins Street, Melbourne, VIC, Australia, 3008,
Contact: [email protected], +61 3 9020 0155
Regional offices:
Regulators: ASIC #414530, FCA #684312
Prohibited countries:

Yes

Yes

Trading platforms: MT4, MT5, cTrader
Web Trading:
Mobile Trading:
Currencies: (60+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (100+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Yes

Yes

Yes

Yes

EAs/Robots:
News Spike Trading:
Scalping:
ZuluTrade:
Deposit Methods: Bank Wire, VISA, MasterCard, BPAY, Local Bank Transfers, Neteller, PayPal, Poli, Skrill, Transfer from Existing Broker, UnionPay
Withdrawal Methods: Bank Wire, Neteller, PayPal, Skrill

Live discussion

Join live discussion of Pepperstone.com on our forum

Pepperstone.com profile provided by CWestonPepperstone, Jan 30, 2020

Pepperstone offers three trading platforms, MT4, MT5 and cTrader. Clients can take advantage of a range of market opportunities with 150+ instruments available to trade, including FX, index CFDs, share CFDs, commodities, and cryptocurrencies. With multiple liquidity providers and external pricing sources, clients enjoy competitive quotes and some of the lowest spreads on the market.

Video

Your company video here? Contact ad sales

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Consumer Reviews

Service use: Live

Length of use: 6-12 Months

I have been with pepperstone for around a year and never took money out, they were good broker to trade with and everything seemed fine. After my account grown big i wanted to withdraw everything and open an account with Interactive Brokers and the problems started. They canceled my withdrawal, took them weeks to respond to my emails and finally they deleted my account saying its under investigation and they went completely silent for over 2 months now.

Im writing this in order to warn other traders not to mess with these people.

Im filing a lawsuit and reporting them to ASIC.

I have all the logs and statements about my trades and im gonna surrender those to my attorney.

Stay away from these scammers.

Service use: Live

Length of use: 0-3 Months

After deciding to invest with pepperstone, I wanted to make a profit from market gaps on Fridays.

The first time I lost my operation and this was without a doubt my fault.

But the second time their platform took 4 minutes to update which caused my position to go to waste, I have tried to explain to them what happened and they change the subject asking me to deposit to cancel the negative balance or telling me that the volatility of the market is high. I understand this, but they still do not tell me why their platform opened 4 minutes late when the other brokers and platforms were already operational. This loss was intentional.

PS: If you don’t want your clients to operate high volume gaps, then lower your leverages, you yourself want this to happen.

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 0-3 Months

Totally scam, don’t trade.

I deposited my money by bank transferred. Even though money was already deducted from my bank account, I did not receive my balance. Contacting them and they asked for information and blame my bank for the problem. I called my bank and they gave me successful transaction id. I chat with them again and provide the needed information, but told me to contact [email protected] Sending email including all of the information, told me to wait 24 hours.

After 24 hours nothing happened, email again and again in the next 20 hours but no response. Chat with them they said it was not their responsibility?

Ok, so you guys should expect to lose your money because they blame the third party payment (what. ). And there is no one who helps you relating to this issue.

Service use: Live

Length of use: over 1 Year

Service use: Live

Length of use: 3-6 Months

Service use: Live

Length of use: 3-6 Months

Service use: Live

Length of use: 0-3 Months

I registered with pepperstone.com on Thursday Sep 26, 2020 and after growing my account I decided to request for a withdrawal of $4,500 on Tue, 26 Nov 2020 and since then I have not received my funds.

first they said my identification submitted (which was my driver’s license) could not be verified so i used my international passport which was eventually verified.

since then have been chatting with the customer service representatives every day, and they keep sending me emails that say I will receive my funds in 2-3 business days every other week and still nothing. Everything came to a head on Monday when I had a conference call with the VP and a rep. from the accounting department and I was assured that I would receive my money on or before Thursday, I even requested they send the transaction ID to me so I can check myself to be sure that the money was transferred but all I got was an email again saying that my funds have been transferred and I would get it in 2-3 business days and the transaction id would be sent to me soon; this was on Monday and till date I have not received my funds or the transaction ID. I am tired of this and I need your help

Service use: Live

Length of use: 6-12 Months

Service use: Live

Length of use: over 1 Year

I had a bad experience with pepperstone, but I was surprised when they send me an email to schedule a call so we can fix whats happened.

I had a good call with Zachary, where I was able to explain whats happened to me and why I think that was their fault, even with they constantly saying that “we are a non-dealing desk broker”.

I really appreciated their concern in reaching me to explain their side of history, something that is rare to see in these markets, I also get the money back from the losses caused by that event. So this makes clear to me that having me as a client is something that they really value.

Still think that clients should come first and mechanism to protect against these bad practices from liquidity providers should be applied.

Good service, the support should be good from the beginning, don’t wait things escalate to forex peace army so you can take action.

Dec 2, 2020 – 1 Star If you are a full-time trader you must avoid pepperstone. They offer a good platform, good support, BUT they are constantly using unfair play with clients. The most annoying is to stop hunting. Day after day and it’s always the same excuse:

“As you know, we are not a market maker and we do not influence any underlying FX price being received from our Liquidity Providers. The Spot FX roll period (23:59-00:01) is a universal downtime for investment banks and liquidity providers alike. “

You spent the whole day trading made, let’s say 100 USD and in a blink of an eye your broker steal from you, this is a steal, 30 USD.

Also if you need to use an offshore to trade have in mind that the MAJORITY of serious banks will not accept pepperstone as an inward remittance.

So if you are a serious trader that really lives from trading you must avoid pepperstone at any cost. They are not interested in profitable traders. This a pitful behavior and it’s only practiced because it’s in forex spot markets and Australia has a SUPER HYPER POOR law and regulations about FX.

Don’t use pepperstone.

Reply by Martin submitted Jan 16, 2020 Hi Leo,

I’m sorry to read about your disappointment in trading with us. You’re either talking about swaps here, or bank fees. Let me address this below.

Firstly, Pepperstone is a non dealing desk broker. We pride ourselves on using external sources of liquidity, which means we don’t create our pricing or have the ability to modify it. I can confirm that we don’t ever ‘stop hunted’ a single client – that’s just not what we do.

Swaps, on the other hand, are an integral part of trading and are a positive or negative fee based on the interest rate differential between the two currencies your trading. Every serious trader needs to know about these. Check out our trading guide for more info: https://pepperstone.com/au/education/what-are-swaps-how-to-calculate-swaps

Secondly, it might be worth checking how you’re funding your account. We offer a number of free and instant funding methods such as PayPal, Credit Card and a number of local bank options. You can find out more here:

If you’d like to get in touch, drop us a line at [email protected] so we may address your every concern. We’re always here to help.

Thanks for your updated post Leo.

We take our support very seriously as we understand how critically important it is for our clients and our success as a broker.

Appreciate you giving Zack a shout out too. He is surely a Pepperstone super star.

Frequently Asked Questions

Is Pepperstone a good broker?

  • The best way to answer if Pepperstone is a good broker is to read the unbiased traders reviews on ForexPeaceArmy: https://www.forexpeacearmy.com/forex-reviews/7523/pepperstone.com
  • Additionally, we recommend that you check recent Pepperstone community discussions: https://www.forexpeacearmy.com/community/tags/pepperstone/
  • Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

What is the minimum deposit for Pepperstone?

Pepperstone requires a minimum deposit of $200 to open a live account.

Does pepperstone allow scalping?

Pepperstone does allow scalping.

Pepperstone also allows news trading, hedging, EAs, and Algos.

How do you withdraw from pepperstone?

To withdraw funds from Pepperstone

  • login to the secure client area
  • go to the Funds tab and then look for the Withdraw tab
  • once you are there, all currently available withdrawal options will be displayed

How do I open a Pepperstone account?

Opening a live account at Pepperstone is a very simple process that should take less than 10 minutes.

Documents are usually inspected and approved in under 8 hours.

Is Pepperstone a regulated broker?

Pepperstone is regulated with 2 countries:

  • Australia: ASIC (the Australian Securities and Investments Commission) 414530
  • United Kingdom: FCA (Financial Conduct Authority) 684312

Does Pepperstone allow hedging?

Pepperstone allows hedging. Pepperstone also allows scalping, news trading, EAs, and algos.

How long does Pepperstone withdrawal take?

Withdrawals from Pepperstone are usually received within 5 business days.

If there is a delay, you can contact [email protected] for assistance.

How does Pepperstone change leverage?

To change leverage on one of your Pepperstone trading accounts

  • first login to the secure client area.
  • then go to the account section.
  • click the pen icon for the account you are changing the leverage on.
  • select CHANGE LEVERAGE.

You can chose anywhere from 1:1 up to the maximum permitted for your account type. Note that leverage changes are usually applied within 1 business day and may affect your open trades.

Is Pepperstone legit?

Pepperstone has been providing service to forex traders since 2020.

It is registered with both the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Does Pepperstone have nas100?

Pepperstone does have the NAS100 Index (also knows as the NASDAQ 100) CFD available to trade.

Pepperstone also offers a number of other Index CFDs, including AUS200, US500, UK100, and GER30.

TopedgeFX.com

Honest Trading Product | Reviews

Forex Reviews Ι Stocks and CFDs Brokers

When you want to trade Forex, Stocks, Futures, Cryptocurrencies, Bonds or CFDs, there’s always a broker or an exchange where you can open an account to facilitate your trading.

In fact, since trading became popular on the internet, hundreds of brokers have sprang up and they all masquerade as “the best brokers” to trade with on the internet.

Some of the features they use to lure traders include:

  1. Education capabilities
  2. Market research and analysis including weekly trade ideas
  3. AI software for trading
  4. High leverage and tight spreads
  5. Deposit bonuses
  6. Cutting-edge trading platform

Because there are literally hundreds of brokers on the internet offering the same exact thing, one may ask:

How do we choose the best broker and avoid the bad ones?

To answer that question, we’ve selected 3 brokers that we think have at least met industry standards.

These brokers are ranked according to features, level of customer support, regulations, reputation and many other factors.

On the other hand, we leave traders to decide which brokers they want to choose. Usually, one trader’s style is different from another trader’s strategy.

The two traders cannot be satisfied by one broker due to their varying trading styles and needs in general.

The list of the best brokers to trade with

As we’ve said previously, we’ll rank brokers based on their capabilities and most of these parameters are looked at in favor of the client.

So we’ll also look at how they handle customer funds, structure of their business, whether or not they’re regulated and also length of time that they’ve stayed in operation.

On top of that, we usually update this list to reflect any changes or actions that may have been taken against any broker by their respective regulatory authorities.

We’re only listing brokers that are regulated by financial organizations listed below:

Some of the financial regulators above are made up for independently governed agencies while others are operated by the Central bank of the country where the financial regulator is based at.

Our Ratings: 80/100

Withdrawal time: Under 24 hrs

MT4 and MT5: Yes

Minimum Deposit: $100

Support: Very Good

Our Ratings: 75/100

Regulated: FCA 19776 IBC 2020

Withdrawal time: Under 2 hrs

MT4 and MT5: Yes

Minimum Deposit: $50

Support: Very Good

Our Ratings: 75/100

Assets: Forex, Stocks, Options, Crypto

Withdrawal time: Under 2 hrs

Minimum Deposit: $10

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About Topedgefx.com

Our reviews are honest and truthful. We expose investment wackadoodles on the internet. On the other hand, when a trading product or service is good, we let you know.

Forex Brokers to Avoid

If you trade forex, you need to make sure that your brokers are legitimate and above board – and that you can trust them to help you out. While most forex brokers are decent and honest, not all are. It pays to be able to defend yourself against less scrupulous brokers. Avoiding broker fraud ought to be a priority for people who trade foreign exchange pairs, then – and that’s where we can help. Below is a list of brokers who we have deemed to not be trustworthy for a variety of reasons.

And if you are concerned about a particular broker, contact us with details to alert us with the potential broker fraud going on. From there, we can go ahead and research and review the broker in question and help prevent other users from falling victim to any dodgy practices. And we’ll use this information to keep the list as updated as possible – so check back here for all the latest updates when you can.

Investigated Brokers

The sad reality of the foreign exchange trading world is that there are people who are out to make a fraudulent buck from innocent traders trying to build their portfolios. Whether it’s insider trading or some other manipulation of the international markets, trading fraud can take many guises – and it can even have links to the wider stock markets as well. As a result, it’s wise to keep yourself fully informed about what the brokers you are considering are up to – and make decisions to avoid those who don’t offer the level of safety and security you require.

Below is an up to date list of the brokers which we strongly advise traders to choose to avoid. There are plenty of other brokers out there who are trustworthy – and with these traders below exhibiting behaviours like copying websites of others, receiving warnings from regulators and more, it’s well worth avoiding them as you choose your own preferred provider.

Various global institutions have criticised the range of brokers included on this list. Whether it’s the Australian Securities and Investments Commission or the regulators of nations such as Cyprus, there are organisations on here which have faced the wrath of some of the world’s leading oversight bodies. But, we’ve gone even further and responded to intelligence from our users in order to bring you an up to date list of brokers which, in our opinion, ought to be avoided. (See the full list at the bottom of this page).

Latest added forex brokers to avoid

  • OT Capital. They have gotten a warning from ASIC.
  • EU Capital. They ask you to deposit over and over again. They even try to get you to login to your bank account over a shared screen.
  • MultiplyMarket is a clone of Trading Technologies.
  • BlueTrading have an FCA warning for claiming to be FCA regulated when they in fact are not.
  • Facebook Group Investment/Profits, FBO Trading Signals & Bitcoin investments – They don’t allow withdrawals and block you as soon as you ask for a withdrawal.
  • ECN Capital. They claim to be CySEC regulated but are not.
  • GBCFX – Unregulated broker having issues handling withdrawals.
  • Forex365Options – they make you pay fees that aren’t even in any terms and conditions. Website hardly works either.
  • Toptrades.co – Not regulated so should be avoided.
  • fx-premium. They are copying the website of JFD Brokers so should be avoided!

Most Trusted Forex Brokers

But despite the fact that there are clearly some untrustworthy web brokers out there in the forex world, it’s also the case that some brokers are more worthy of your trust. Many legitimate forex brokers have taken steps to gain the trust of their users, whether that’s by implementing rules against money laundering or simply by segregating client funds away from the operational funds of the broker’s business.

It’s not always possible to identify the legitimate foreign exchange brokers from first glance – but that’s where we can help. The list below is based on reviews which assess everything from the apps offered by particular forex brokers to the reputations they have among users for fairness.

To see a full list of our trusted foreign exchange brokers, why not check out this table?

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

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