Pepperstone Malaysia Review
Updated November 30, 2022
Pepperstone is a prominent broker in the financial industry that provides traders access to trading throughout the world. It offers unique products and features with a user-friendly platform that offers cutting-edge technology.
Pepperstone Malaysia offers over 80 financial instruments, including cryptocurrency, indices, energies, stocks, commodities, forex, ETFs, bonds, and Metals. Overall, Pepperstone is among the best platforms that offer low-latency high-speed execution, low-cost spreads, and excellent customer service.
Pepperstone began operation in 2010 with its headquarter situated in Melbourne, Australia. It also has its global offices in London and offers more than 80 instruments to trade. Traders have access to financial assets such as metals, energies, stocks, indices, forex, cryptocurrency, and CFDs. It allows traders to use several trading platforms such as cTrader, MetaTrader 4 and 5, mobile, and WebTrader. For the United Kingdom clients, it offers spread betting.
Pepperstone is among the largest online trading brokers with an average of $9 billion trades processed daily across 65 countries. It provides access to traders globally through its cutting-edge technology, low-latency high-speed execution, and low-cost spread. Interestingly, Pepperstone has won several awards, including excellent customer support, the best innovative technology, and forex broker excellence.
- Offers negative balance protection
- Multiple deposit and withdrawal options
- Regulated with strict regulation
- Social trading platforms
- Excellent customer support
- Useful educational and research resources
- No fixed spread account
- Restricts US citizens
Pepperstone has the upper edge over most brokers as it offers different account types to suit the needs of all traders. Let’s look at these account types and the category of traders that can take advantage of them.
Pepperstone Demo account
Virtually all broker offers a demo account that enables both new and experienced traders to trade using virtual money. Unlike some brokers that offer an unlimited demo account, Pepperstone’s demo account lasts for 30 days. However, you can request an extension if you feel you need to learn more. The demo account is a risk-free account without any financial obligation attached and the best way to master trading.
Pepperstone offers a standard account, which is a great option if you want to get started with trading. With your proof of ID and residence, you can complete the account opening process within a couple of minutes. It allows traders to trade over 100 CFDs, currency pairs, metals, etc across different platforms, including cTrader, MT4, and MT5. The minimum deposit for the standard account is $200.
If you are a professional trader looking for an ECN account, the Razor account is what you need. It comes with a minimum deposit of $200, offering access to different markets. Furthermore, you can trade on the three platforms. However, the account comes with reduced spreads, starting from 0 pips. The account offers a reason commission of $7 per lot, making it an excellent choice for scalpers since it offers low trading costs.
The Pepperstone Islamic account is suitable for those who want a swap-free trading experience. Interestingly, you can convert the Razor and standard account to an Islamic account. There is not much difference with the Razor account as it has the same minimum deposit but is swap-free.
Spread Betting Account
This account is designed for residents in the United Kingdom or Ireland. It offers over 180 tradable instruments with a minimum deposit of £200 and starting spread of 0 pips. You can trade this account on all three trading platforms.
They also offers professional accounts for fund managers or those looking to control multiple accounts. These accounts are tradable on MetaTrader 4 and 5 with over 100 sub-accounts allowed. Each sub-account comes with minimum trading of 1 micro-lot and offers a great option if you want to scalp or hedge your trading.
Another excellent account for professional traders, but designed for European-based traders. It has at least two requirements attached to opening the account. You need to have an average of 10 transactions using significant lot size each quarter in the previous year. Furthermore, you must have a financial portfolio worth over €500,000 either in your trading or bank account. Finally, you must possess experience in the financial sector to operate a professional account
Pepperstone began as a forex broker and currently has diversified to other financial instruments. Today, it offers over 70 currency pairs with different exotic currency pairs in the market. Traders can trade instruments such as shares, stocks, bonds, energies, metals, indices, ETFs, CFDs, cryptocurrencies, and commodities. Besides this, it also offers spread betting while offering the lowest trading costs through several markets. The spread betting is exclusively for Ireland and the United Kingdom traders.
Pepperstone Trading Platform
Pepperstone doesn’t have its proprietary platform but relies on the traditional MetaTrader and cTrader platforms. It offers over 11 trading platforms in contrast with other Malaysia Forex brokers. The MetaTrader 4 is a popular platform that offers a highly customizable and user-friendly interface. It has a mobile platform, which is available on the web and designed with powerful tools. It also offers a desktop platform with an option to use cTrader.
Trading Fees and Commission
Pepperstone offers several spreads depending on the account type you choose. The standard account has a highly competitive spread of one pip, whereas the Razor account has a spread starting from 0 pips with a $7 per lot commission for each trade.
There are several fees you might incur when trading One of such charges is the overnight or swap fees, which is an interest you receive or pay for trading an asset overnight. Besides this, there are inactivity fees that most brokers charge. However, Pepperstone is distinct as it doesn’t charge for such inactivity.
Education and Research
The broker has a wide collection of educational materials, including webinars, trading guides, market analysis, and an economic calendar. Pepperstone has experts that provide quality webinars to assist his numerous customers and improve their trading knowledge. It also makes it easier for anyone to watch previous webinars. The webinar covers several topics, including trade management, trading strategies, and fundamentals on trading.
Besides webinars, it also has trading guides that contain a catalog of free educational materials. These are usually written by third parties to help improve traders’ knowledge. Remarkably, these guides are updated regularly while covering several topics such as trade analysis, trade planning, how to trade forex, stock, and crypto currencies.
New traders can leverage the market analysis Pepperstone offers. Furthermore, the website displays an economic calendar where you can see the latest financial news events. It is a useful tool to integrate into your fundamental analysis because news events create a lot of volatility in the market.
Pepperstone Trading Tools
Pepperstone offers different trading tools to help traders improve their strategies, manage risk, and stay updated about market movements. These tools include:
- cTrader Automate: An automated robot with custom indicators built into the cTrader API.
- Smart Trader tool: Uniquely designed for MetaTrader, it comes with 28 tools, indicators, and expert advisors.
- Social trading: Here you can take advantage of Zulu trade and MetaTrader signals. You copy trading signals from experienced traders in the industry.
Deposit and withdrawal options
Pepperstone provides several deposit and withdrawal options, including PayPal, credit/debit cards, wire transfer, and e-Wallets. The minimum deposit notwithstanding the base currency is 200. However, there are no withdrawal fees but you might incur a withdrawal fee if you are doing an international wire transfer. The CFD broker allows a minimum of $80 for its withdrawal, with up be $20 as fees for international transfer.
An essential feature for any broker is its security infrastructure because that is what most traders look at. Considering how long Pepperstone has been in existence, it has a positive reputation in terms of security, providing cutting-edge protection to clients’ funds.
They offers negative balance protection, meaning you can only spend what you deposit in your trading account. All funds deposited are kept in segregated accounts, meaning your money is safe if it faces any financial challenge like bankruptcy.
Pepperstone has an excellent customer support system with swift response to customers. Recently, it received an award as the Best Customer Service in Europe. It offers several communication channels, including telephone, email, and live chat. Customers can interact with any of its experienced staff every day of the week.
Furthermore, there is also a FAQ section with detailed information about challenges traders might face. It supports numerous languages, including English, Korean, Japanese, Russian, Spanish, Arab, Polish, Chinese, Italian, and Thai.
Pepperstone is one broker that offers a unique product with a proven track record of excellent customer support, innovative trading conditions, and multiple financial instruments. With several account types to choose from, it offers traders a whole lot of options in the financial market. Furthermore, it is highly regulated and offers negative balance protection for customers.
Overall, Pepperstone is a competitive broker that you can use for your trading activities. Its vast educational material, tools, and 11 trading platforms makes it a top-notch broker in the financial industry.