Pepperstone is an Australian broker mostly known for its appealing trading conditions and rather quick order execution. But the broker has another notable strength which is its extensive range of supported trading instruments. In this article, we provide an overview of the trading tools offered by Pepperstone, analyze their pros and cons, and explain how you can trade them.
Founded in 2010, Pepperstone is one of the leading Forex brokers which is widely considered a great choice for novice traders. The minimum deposit is just $200, and there are plenty of educational tools and materials offered for free on the website. That means you can just sign up and start trading while learning along the way. However, professionals also favor Pepperstone for its fast order execution and low trading fees. The leverage is also great: it goes up to 1:400.
The array of the Pepperstone supported instruments includes more than a thousand different tools for various trading strategies, particularly dozens of currency pairs and literally hundreds of various CFDs on all kinds of assets.
Pepperstone offers 62 currency pairs in total: 7 major pairs, 38 liquid cross rates, and 17 exotic pairs, so there’s definitely enough to choose from. While that’s not the most impressive choice on the entire market, Pepperstone features all basic tools a beginner may need and offers low spreads: EUR/USD spreads start from 0 pips while being from 0.17 to 0.77 pips on average. Another popular pair traded with the broker is USD/JPY where spreads start from 0.86 pips on Standard accounts.
Pepperstone also features Razor accounts for professionals. They allow you to trade Forex pairs with interbank spread quotes starting from 0 pips. There is a small commission, however: here you get to pay $3.5 per lot traded. Razor accounts are especially popular with scalpers who make many trades during the day.
CFDs on assets
Pepperstone features more than a thousand CFDs on various assets, including over 600 shares from the US market. The broker also has more than a hundred ETFs from 35 countries and 25 indices. The variety is really exceptional, and you can also trade CFDs on crypto here: more than 20 coins can be traded with the maximum leverage of 1:5. However, you can’t have more than $200.000 in crypto on one account, so the broker isn’t suitable for major crypto traders.