PEPPERSTONE BROKER PROS AND CONS
We have used the service to test out the broker, trying to compare every aspect; Swap, Spread, Commission, Inquiries Service, Support, Deposit and Withdrawal, and all of the services of Pepperstone Broker and figure out what is suitable for traders.
Pros
- Very high reliability. Multiple high-trust licenses
- Low spreads on major currency pairs Spreads starting at just 0.0 pips
- No requotes
- Having a stable system with high quality server
- Send orders quickly
- Free VPS
- No deposit and withdrawal fees
- More than 100 financial products
- Thai language support is available
Cons
- Withdrawals are relatively slow, taking up to 48 hours due to high security standards.
- Thai language support via email takes a long time for response.
PEPPERSTONE BROKER BONUS
Pepperstone does not offer both Deposit Bonus and No-Deposit Bonus for traders in Thailand.
FREE VPS PEPPERSTONE
Pepperstone does not offer Free VPS and recommends FXVM’s VPS, details are as follows:
- $22.40 per month
- New York City Servers
- 2 cores
- RAM 2 GB
- SSD 60 GB
PEPPERSTONE SPREAD AND SWAP INFORMATION
1. PEPPERSTONE SPREAD
The daily cost of holding a trader’s position when trading with Pepperstone is charged when opening a 1 Lot Standard (100,000 Lot) order. It shows the daily cost of holding 1 Lot Standard account size as follows:
There are two types of Pepperstone accounts: Standard account and Razor account. To assess the broker’s spreads and swaps, we conduct a test from spread check that includes commission costs, in order to compare the commission-free brokerage from all 4 types of accounts in real-time situations at different times, then averaged spread data is obtained as follows:
Currency | Standard (MT4) | Razor (MT4) |
---|---|---|
XAU/USD | 80 | 88 |
EUR/USD | 12 | 10 |
USD/JPY | 11 | 9 |
GBP/USD | 16 | 14 |
USD/CHF | 15 | 13 |
USD/CAD | 15 | 13 |
AUD/USD | 14 | 12 |
NZD/USD | 16 | 14 |
2. PEPPERSTONE SWAP
The daily cost of holding a trader’s position when trading with Pepperstone is charged when opening a 1 Lot Standard (100,000 Lot) order. It shows the daily cost of holding 1 Lot Standard account size as follows:
Spread and Swap comparisons of all brokers can be viewed to create a trading strategy. Build your own trading advantage here.
3. Commission Pepperstone
OTHER PEPPERSTONE INFORMATION
Pepperstone Broker has been around since 2010 and has been the most technologically advanced and reliable Broker. Pepperstone calls itself a broker that sends orders quickly and has high capital security.
Pepperstone is financially registered with the country in which its office is located with the following information:
- The Australian Securities & Investments Commission (ASIC)
- Financial Conduct Authority (FCA)
PEPPERSTONE ACCOUNT USAGE
Opening a Pepperstone Broker Account can be done through the Platform. However, there is a Support service available as well, which can be contacted through Support.
1. Pepperstone FOREX Account Opening Documents
Documents required to open a trading account with Pepperstone Broker include:
-
- Identity verification documents for Thais, is either ID card or Passport (choose one).
- The address verification document such as service invoices or bank statements (choose one)
- The two documents selected from item 1 and item 2 must be photographed in color from the real copies in which the information is clearly seen.
2. PEPPERSTONE Account Types
There are several Pepperstone Forex trading account types with different pros and cons and features designed to allow traders to choose based on their strategy and leverage up to 1:500. Pepperstone’s order execution system includes a Razor account system which is a system sent to the central market.
The table shows the account types of Pepperstone Forex Account.
PEPPERSTONE Support Service
We conducted a communication test with Support via chat and did an assessment according to the criteria on problem resolution, promptness of service, problem-solving intention, not just pasting a link to read then suggest, as follows:
“Overall, the disadvantage of Pepperstone’s Support is that there are many steps to talk to the staff, and for some questions, the staff would send a link for you to read by yourself.”
Contact Thai Language Support at 02-150-0576, Monday-Friday from 06.00-24.00 or Live Chat (for public holidays, you can contact them from 9:00 a.m. – 6:00 p.m.)