Forex Broker Awards Pepperstone An Award Winning Broker
However, Pepperstone has been ranked as #1 for Forex Trading Support (Europe) in the Global Forex Awards 2019 and awarded Best Client Relationship Manager Service in the Professional Trader Awards 2019. Australian clients of FP Markets have a choice of 3 IRESS accounts (Standard account, Platinum and Premier account) from which they can trade through the proprietary trading platform built by FP Markets experts. On the downside, the IRESS accounts have a steep minimum deposit requirement of up to AUD $50,000 and a $55 monthly platform fee. IRESS is a trading platform that is best for DMA trading with shares. The bottom line is that Pepperstone topped FP Markets in terms of low spreads on forex and CFDs. At Pepperstone, forex traders can enjoy interbank spreads from 0.0 pips and price quotes derived from institutional-grade liquidity providers, no dealing desk and ECN trading conditions.
Platform Info
Pepperstone doesn’t charge fees on deposits or withdrawals, but some third-party methods do incur costs, so it’s worth checking the small print. So, it doesn’t matter if you are a beginner or an expert, Pepperstone has something for everyone. First and foremost, it is rated by Forex Fraud as a Trusted Broker. Add to that the cutting-edge trading platforms, high-speed order execution, analytical tools, automated trading, and VPS hosting, and it’s clear to see Pepperstone has it all. FP Markets is the preferred choice for experienced traders, offering a wider range of tradable financial instruments and a proprietary trading platform, IRESS, exclusive for Australian traders.
Global Forex Awards
Not many brokers go to the trouble of obtaining so many licenses; however, by doing so, Pepperstone demonstrates a determination to provide safe trading. Opening an account at Pepperstone is impressively straightforward. New clients jump straight into the onboarding process by providing basic details such as their email address and phone number. Then, there is an option to either set up a Demo account, which is activated almost immediately, or to go through the process of setting up a live trading account.
InvestinGoal Best Broker Awards
FP Markets tops Pepperstone on the range of tradable financial instruments. While Pepperstone clients can access a wide range of CFD instruments on FX, indices, commodities and your favourite cryptocurrencies, FP Markets clients can access over 10,000 stocks. Whatever your favourite currency pair or trading instrument is, FP Markets has your back covered. When it comes to the range of markets available for trading, our review has concluded that both brokerages have a distinct focus on Forex trading, as they offer true ECN/STP trading conditions and trade execution. We should also note that Pepperstone offers retail clients risk management tools (Stop Loss orders, Trailing Stop, etc.) to protect their active positions against unexpected shifts in market sentiment.
Is Pepperstone licensed and regulated?
From a user perspective, they act as a good way of re-evaluating investment aims. At the same time, the broker builds a profile of its new https://forexbroker-listing.com/ client, which helps it comply with its duty-of-care protocols. This is paying its day-to-day expenses like wages, rent and running costs.
- We were quite impressed by Pepperstone’s live chat option since we managed to contact a representative from the company within a minute and received relevant, precise answers to all our queries.
- For those keen on diving deeper into the offerings for Australian traders, our detailed list of the best Australian forex brokers provides more insights.
- Pepperstone also offers Dash, which is not available with FP Markets.
- There aren’t necessarily any right or wrong answers to the questions asked by the broker.
- As with other brokers, Pepperstone requires up to 24 hours to verify the account.
Last but not least, Pepperstone conducts webinars on a regular basis that cover both the technical and fundamental side of trading. There are 7 different asset classes included in the list of tradable CFDs offered by both brokers. But Pepperstone clearly has the advantage of providing you with more instruments and more trading opportunities in +180 versus +140 trading instruments found with FP Markets. When it comes to client security, both brokerages assure that customer funds are kept fully segregated from their corporate accounts at top-tier banks. FP Markets’ forex apps allow you to manage your trading accounts on your iPhone and Android devices.
Are my forex funds safe with Pepperstone?
An unexpected political event, an interest rate change, or even a disruption to the supply chain. We’re regulated in 7 jurisdictions and trusted by traders globally. Pepperstone customer support can be contacted 24/7 pepperstone forex via phone, live chat and email. The around-the-clock service will be a really attractive option for some, and the inclusion of all three of the main ways of raising issues is another positive for the service.
Meanwhile, FP Markets is also quite competitive in the research and education front. It offers trading ideas on its Traders Hub blog based on both fundamental and technical analysis. It also provides daily market reports, where information is presented in a brief, compact manner. Additionally, traders can use the MetaTrader Webtrader to access your Pepperstone and FP Markets trading account directly from your browser (Mac and Windows users).
The Demo account available at Pepperstone is a free, no strings opportunity to try out the platform. As for FP Markets withdrawal fees, depending on the funding method used, you can expect to pay up to 1.5%. With Pepperstone, you don’t have to worry about any type of withdrawal fees.
As such, traders need to move at a similar speed to match the market’s speed. Tradingbeasts.com has measured the spead of brokers and awarded Pepperstone the “Fastest Execution Broker 2023”. We’re proud to be recognised by a number of key awards bodies around the world for our work in delivering the best customer service, value, pricing, products and support for our clients. The recommended minimum deposit to trade with Pepperstone is $200 or equivalent. That’s enough for clients to trade in small sizes and get used to trading without their account incurring margin calls. Industry-standard questions on source of funds, trading experience and educational background form the main part of the account opening requirements.
Both forex brokers offer interbank spreads that start from 0.0 pips and ECN pricing. Based on the real EUR/USD tick-by-tick price data (from 01 November 2020 to 30 November 2020), the live spreads offered by FP Markets on average are 0.0 pips 42.07% of the time. It’s important to note that during the busiest trading hours, Pepperstone’s spreads are on par and match FP Markets’ spreads. Pepperstone is thrilled to be recognised with the Global Broker Award for the second year in a row! We celebrate it being a testament of our commitment to consistently uphold exceptional standards and meet the diverse needs of our traders.
The whole ethos of Pepperstone is based around supporting traders to develop the skills required to be successful. The educational materials on offer cater to entry-level traders and the more experienced. Pepperstone was founded in 2010 and has built a strong market reputation. The platform supports institutional grade traders as well as beginners. That means there is plenty of scope for those new to trading to benefit from the same high-quality infrastructure that the pro’s use.
Autochartist technical analysis tools are also included with FP Markets’ MetaTrader 4 and MetaTrader 5 platforms. Access a world of CFDs across Forex, Indices, Commodities and Shares and trade the global markets your way with reliable platforms and fast execution. Under regulated rules, the company is not allowed to use a client’s investment funds as working capital. This results in my forex funds being pooled in a segregated account with other clients.
The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients. A segregated account is separate from the broker’s main bank account(s). The Governor of Victoria Export Awards (GOVEA) are the most prestigious export awards in Victoria. Rewarding the state’s most successful and innovative exporters with the stamp of international success, a GOVEA gives your business recognition in local and international markets. As a Pro Client, access higher leverage, exclusive account features and qualify for our Active Trader program.
As for education materials, the broker offers a plethora of educational articles in its Trading Knowledge website section as well as multiple video tutorials covering all the aspects of the MetaTrader 4 platform. The following major cryptocurrencies can be found with both brokers; Bitcoin, Bitcoin Cash, Litecoin, Ethereum and Ripple. Pepperstone also offers Dash, which is not available with FP Markets. Pepperstone offers the best trading experience and ease of use among the two.
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