Pepperstone broker is one of the top ECN forex brokers operating in Australia and reported to be the 12th largest in the world. Pepperstone was founded by Joe Davenport and Owen Kerr, and specialise in foreign exchange (forex) trading with 58 FX pairs available. The review of Pepperstone forex products confirmed they also offer a good selection of direct market access CFDs in addition to ECN Forex. These DMA CFDs are available on popular global stock indices, commodities and metals.
Forex Trading Accounts at Pepperstone
Currency traders will have access to both both ECN and STP trading accounts. STP and ECN operate as the NDD (No Dealing Desk) model which means that traders’ orders are forwarded to the inter-bank market without being processed by the dealing desk.
As stated in our full Pepperstone Forex review, the Edge Razor account is Pepperstone’s true ecn broker account. As with all true Forex ECN accounts commission is charged, and Pepperstone Australia charges $3.50 per lot (100,000). However, by sourcing quotes from up to 22 different Electronic Crossing Networks and banks, Pepperstone forex market spreads are extremely tight!
Pepperstone’s Edge Standard account is a Straight Through Processing (STP) account which has no commission and institutional grade STP Forex spreads.
The key difference between these two types of accounts is the commission. On ECN accounts traders are charged a fixed commission for opening and closing trades and spreads depend on the prices of liquidity providers. On their STP standard accounts no commission is charged, however a mark-up is added to the spread of liquidity providers.
As with most leading forex brokers, a Pepperstone demo account is available (for 30 days) and quick to open. Simply click the “Open DEMO Account” button below to get started now.
Leading Edge Execution and Platform Technology
In addition to two of the most popular forex trading platforms in the world (MetaTrader4 and cTrader), Pepperstone offer trading tools and technology for the modern day trader. Mobile trading platforms and apps are essential for short-term traders. Pepperstone WebTrader platforms and mobile trading apps are perfect to monitor existing positions and trade whenever you want.
Traders can learn more about online foreign exchange trading and review videos of their Forex trading platforms on Pepperstone’s YouTube Channel
Full Pepperstone Review and Ratings
Australian foreign exchange broker Pepperstone offers both of the popular FX trading platforms, cTrader and MetaTrader 4. The firm is one of the leading NDD Forex brokers, offering true ECN account and STP standard account with ECN pricing. Please read our full Pepperstone review and rating for who this Australian forex broker may be best suited to.
Reviewed by Stuart Young