Pepperstone is an international broker from Australia that’s been providing financial services for about a decade now. However, some traders still consider the company somewhat shady and avoid using it, and you can find many negative comments online criticizing its security and trading conditions. What’s the matter? Can you really trust Pepperstone? We’re about to cover these questions and provide you with a brief overview of its trading conditions.
What is Pepperstone
The company was founded back in 2010 by a team of expert traders unhappy with the overall quality of brokerage service on the market. These traders decided to create their own broker platform without common flaws: high fees, slow execution of orders, and so on. They also paid special attention to the technical part of the business, and that helped them succeed. Now, Pepperstone is a reputable broker with favorable trading conditions and outstanding service standards.
Security and legitimacy
While some traders still claim you shouldn’t trust this broker, Pepperstone is actually perfectly legit. It’s regulated by seven different financial institutions, including FCA, ASIC, and CySEC. Each of them has a lengthy list of strict requirements for financial intermediaries, and Pepperstone seems to comply with all of them. The regulations include frequent mandatory audits performed by independent experts, and you can be sure your funds won’t go missing, so you can forget the Pepperstone scam rumors.
When it comes to security, Pepperstone is also an outstanding broker. It employs advanced measures to make sure your account is protected. Still, if anything goes missing, you’ll receive compensation; no moral damages are compensated, though. But be wary, the broker operates only in some countries, In particular, it’s not available in the US, Canada, or Japan. So make sure to check out the full list on the official website. You can also find all the information about regulators there, too.
Pepperstone offers its users quite attractive trading conditions. The minimum deposit is $200, but the leverage goes all the way to 1:400, and that’s great news for experienced traders. Trading orders are executed quickly: in about 30 ms on average. The customer service works 24/7, so you can ask your questions about transactions right away. Pepperstone also features a variety of educational materials on its website. They are especially useful for complete beginners.
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