Pepperstone Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. It's an above-average online broker.
Yes, this broker's official website and app are legit, safe and trustworthy for UAE citizens and residents.
Pepperstone UAE has decent reviews on Reddit and Quora, including satisfactory ratings on sites like Trustpilot. Thus, overall this broker is considered reliable for online trading of currencies, cryptocurrencies, CFDs and stocks.Tweets by PepperstoneFX
To date, the Pepperstone Group has established itself as one of the most
competitive and full-featured trading portals in the online brokerage industry.
The company opened its doors to the public in 2010.
New traders may get started with as little as a 200-unit beginning investment in the base currency and leverage levels as high as 500:1. Financial Conduct Authority #684312 and Australian Securities and Investments Commission #147055703 are the two regulatory bodies under which the firm is registered in both the UK and Australia. Pepperstone, like many forex brokers, does not allow traders from the United States.
It provides an extra layer of protection for customers who deal with volatile times in a business prone to ups and downs. In addition to 24/5 chat/phone help and a working FAQ with clearly stated rules on deposits, withdrawals, and trade disputes, there are several other support alternatives.
Traders of all skill levels may benefit from a wide range of trading options, including desktop, mobile, and web-based platforms, an extensive product catalogue, and a variety of account kinds.
In order to concentrate on the complex work of trading, Pepperstone provides an easy market access platform. Pepperstone is the best alternative for traders who seek a reasonable selection of low-cost options, a variety of user interfaces and account kinds, and quick access to customer service. These characteristics were taken into account by Investopedia's rating system when naming Pepperstone as the Best Forex Broker in 2020 for Trading Experience.
The "Standard" account at Pepperstone has a minimum spread of one pip and no commission, whereas the "Razor" account has a zero spread but commission. Retail forex brokerages are battling it out here.
Regulated by the Financial Conduct Authority (FCA #684312), one of the most prominent regulatory authorities in the United Kingdom, Pepperstone adheres to strong standards to ensure that market processes are fair for both consumers and corporations. Having a credible government-backed organisation overseeing a company's operations may go a long way toward building the firm's reputation. Traders are willing to accept the inherent risk of markets, but they would like to know that their money are not exposed to additional risks, such as those posed by counterparties. In addition, all customer monies are kept in Tier 1 institutions for extra security.
"Negative balance protection" is only available for Pepperstone's UK clients. Most internet brokers now provide this service, which has grown in importance in recent years. Markets, particularly the highly leveraged retail FX market, were roiled on January 15, 2015, most likely as a result of the SNB disaster.
You have the option of using Pepperstone's high-end system with direct liquidity-provider pricing and extensive technical features including detachable charts, backtesting, and algorithmic strategy support or MetaTrader 4/5.
The upkeep of a website may be much better. Having a strong online presence is a must-have for any firm hoping to compete in the year 2020. While Pepperstone's website is easy to use, several pages include material that is either erroneous, out-of-date, or both.
Pepperstone is not a global broker since it does not accept customers from the United States because of regulatory limits. That alone would be cause for concern, if not for the FCA, which, together with the United States' regulatory agencies (NFA and CFTC), is often regarded as the most important.
Not for non-UK/EU customers does Pepperstone provide "negative balance protection". If a customer loses more than their account balance, the broker will owe them money.
For anybody, Pepperstone does not provide a guaranteed stop loss order (GSLO). For an extra fee, several brokers are ready to provide GSLOs and assume the risk themselves, protecting the trader from market gap risk.
When it comes to online brokerage fees, Pepperstone is hard to beat. Standard accounts have minimum FX spreads beginning at one pip and no fee, whereas Razor accounts have minimum FX spreads starting at zero pips and commission. Both accounts are available to new customers. Straight spreads or spreads with commission are the only two options available from Pepperstone.
Brokers advertise that EUR/USD spreads on Razor are on average 0.13 pips, with a fee tacked on top of that. The Standard account has an average spread of 1.13 pips. For a completed (buy and sell) €100,000 deal in the base currency of the euro, the typical spread cost with an MT5 Razor account would be 0.13 pips + €5.23 fee. 0.653 pips would be the overall spread cost.
The website's well-intended endeavour to be transparent about their spreading is perplexing (outlined in the graphic below). Pepperstone's spread prices are among the lowest accessible for online retail forex, even if the discrepancies pointed out are the result of human error and there are no changes in FX spreads between MT4 and MT5.
To establish an account, you must have at least 200 of the basic money. Visa, MasterCard, POLi, Bank Transfer, BPay, PayPal, Skrill, Neteller, and Union Pay are all accepted forms of payment. "Funding options are fee-free for traders in most countries," according to the broker. When reviewing the site's disclosures and FAQs, there were no dormant or inactive fees. Our is a rare occurrence in this industry: Pepperstone doesn't impose an inactivity fee. International bank wire withdrawals, on the other hand, are subject to costs.
Clients who maintain overnight holdings will be charged swap costs, as is standard practise in the foreign exchange market. For example, Pepperstone claims that their "overnight rates are established at the benchmark regional interest rates for the underlying product, plus (or minus) our fixed fee of 2.5 percent," which is transferred to the client's account immediately.
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If you're new to trading, you'll need to see the "New to trading" FAQ area of the website for details on the required margin. To see the margin needs for all available goods, prospective customers may log into the "secure client area" > "trading tools" > "calculators" > "margin calculator.".
After a two-day waiting period, Pepperstone charges administrative fees for a no-swap Islamic account.
A wide variety of platforms are available to meet the needs of investors and traders of all kinds. Pepperstone has chosen not to develop its own proprietary interface, thus the platforms are white-label solutions from third parties. With MT4/5 and cTrader, customers have the option of a higher-end platform that includes capabilities like detachable charting, back-testing, and algorithmic strategy support, as well as direct pricing from liquidity providers. The Smart Trader Tools for MT4 include a package of tools that aid in trade execution, market research, and depth of market analysis.
There are a variety of ways to access the Pepperstone cTrader platform, but the most convenient one is via a web browser (Chrome, Firefox, Safari, or Internet Explorer). An redesigned appearance and feel, one-click trading, and complete integration across desktop and mobile platforms improves the trading experience for all kinds of traders on this platform
It is possible to set up watchlists, study charts, make and monitor trades, access an instrument's "depth of market," and keep track of future events using the market calendar with Pepperstone's cTrader platform. More than 70 technical indicators are available for use in the charts, which may be extended to full screen and can be applied to many different time periods, from tick charts to monthly charts.
Using technical analysis patterns, Autochartist creates trading suggestions. "Copy" or "social" trading, which may be accessible via the desktop platform, is also available, as is the possibility to automate one's own techniques.
You may attach "take profit" and "stop loss" orders to any one of Pepperstone's four order types in cTrader. Even if a guaranteed stop loss is not available, traders might make the stop loss a trailing stop loss. There is also an option between executing the stop loss order at the bid or ask rate. "
If you want your deal to be performed at the market's current rate, this is the easiest order you may use to do it.
a specified point below or above the current market rate, depending on whether it's a buy or a sale. a limit order The trader may also choose the order's expiry time.
If you're looking to purchase or sell, you'll want to place a stop order at a predefined position above or below the current market pricing. The trader may also choose the time at which this order will expire.
There are two types of Stop Limit orders: those that are predefined and those that allow the trader to choose their own tolerance range for executing the order. Orders that are automatically cancelled because the market moves outside of the tolerance interval are examples of such orders. The trader may also choose the order's expiry time.
iOS and Android users may take use of cutting-edge mobile trading platforms such as MT4/5 and cTrader. Tablet and iPad compatibility is provided by cTrader Web and the MT4 WebTrader, but not by the MT5 WebTrader. The capability of all mobile versions is expectedly restricted, however certain clients may want more advanced features.
Equinix, the New York-based financial exchange, has teamed up with Pepperstone to give low-latency access to the worldwide interbank system. This facility provides a broad selection of VPS choices for high-end clientele that want lightning-fast execution rates and little price lag.
Because of the extreme volatility and huge spreads associated with cryptocurrencies, it's disheartening that the costs associated with trading them aren't more publicised. Trading U.S. stock CFDs is possible for Pepperstone users who use the MetaTrader 5 forex trading platform. CFDs on more than 60 US equities may be purchased for as little as USD$0.02 per share. CFDs may be traded long or short.
Besides email, the broker provides 24-hour chat/phone service, social media portals, and a contact form. Customers are also allocated an account manager to help them with account-related issues. Clients would be unable to reach the dealing desk in the event of a trading emergency since the firm promotes that it does not have a dealing desk. Customers in the Melbourne, Australia area may visit the main office, however online help is more likely to provide faster results. Most questions are answered satisfactorily by a FAQ, however it's structure and substance may be improved.
The "Learn To Trade Forex" courses, countless recorded and live webinars, and an outstanding range of trading manuals are all available on Pepperstone's website. Commodity trading, slippage, hedging, and margin are all discussed in great depth. Aside from platform comparisons, platform instructions, and withdrawal processes, Pepperstone highlights assistance alternatives in this area. A market vocabulary and courses on technical analysis are also available on the website.
With Pepperstone's "Active Market Panel," traders have access to an abundance of information. Everything is in real time, so the trader can make an educated choice based on facts like "margin needed," "pip value," and "trade value."
An analysis tool is also included in the Pepperstone-branded cTrader platform. A newcomer to the realm of leveraged online forex trading might benefit from using a range of filters to examine their success on a deeper level than the basic measures. On the platform, the broker does not provide tax accounting facilities.
Traders rely on Pepperstone's market insights and analysis to stay connected to the market and round out their knowledge. Additionally, there is a "market calendar," as well as sections for "market analysis" and "market news," all of which give traders with valuable data and insight. In advance of the start of each trading session, clients get daily "forex reports" through email.
While the "Daily Fix" portion covers market-moving events, the analysis section examines a broad range of noteworthy issues, such as politics. There is a lot of activity on the broker's Twitter account. The Smart Tools add-on for MT4 somewhat compensates for the lack of research capabilities in MT4/5 and cTrader. More "insight and analysis" is offered for aggressive and high-volume traders who want to go deeper.
Lloyd's of London provides professional liability insurance to Pepperstone. In addition to being regulated by the Australian Securities and Investment Commission (ASIC) and the United Kingdom's Financial Conduct Authority (FCA), the company is also regulated by the Financial Conduct Authority (FCA) under Company Number 08965105 and FRN 684312. As part of ASIC's regulatory framework, financial services companies must "meet tight capital criteria," implement risk management, personnel training, accounting, and auditing processes.
The Financial Services Compensation Scheme offers up to £85,000 in insurance coverage to U.K. dealers (FSCS). Segregated accounts at National Australia Bank safeguard client cash against unauthorised access. Ernst & Young conducts an independent audit of Pepperstone Group.
A website warns that "losses may surpass your deposit amount" under unpredictable market circumstances, but trading platforms use automated stop-out methods to minimise negative balances. Customers in the UK and EU may take advantage of Pepperstone's negative balance protection, which was required by ESMA laws that took effect in 2018. Negative balance protection is not available to non-U.K./EU customers and no stop loss is guaranteed. The broker has two-factor authentication (2FA) but does not support biometric authentication for its mobile application.
Traders at Pepperstone get access to the most comprehensive trading experience available in the online FX market. Many forex brokers across the globe are unable to compete with the broker's lightning-fast execution processes, different account kinds, competitive pricing, and multiple platforms (MT4 and MT5, and complete cTrader capability).
Credibility is enhanced by FCA regulation, however there is still cause for concern given that the business offers negative balance protection while omitting guaranteed stop losses. Poor website upkeep is an indication of a company's disregard for the finer points. The instructional catalogue is acceptable and the customer service is above average.
Overall, Pepperstone provides traders of all skill levels with an exceptional trading experience, whether it's low spreads for the budget-conscious trader or an intuitive user interface for the more technically savvy.
Pepperstone is an Australian-based FX and CFD broker that was established in 2010 and is regulated by the Australian Securities and Investments Commission. Both their customer service and their trading platform are top-notch, especially for automated investors. The FCA (Financial Conduct Authority), BaFin, DSFA, SCB, and ASIC (Australian Securities and Investments Commission) are just a few of the key regulatory bodies that oversee Pepperstone. They have offices all throughout the globe, but its main office is in Melbourne, Australia. In the MetaTrader market, Pepperstone is among the most popular providers of trading services. Over 80,000 traders rely on Pepperstone's products and services today.
Pepperstone is an excellent alternative for algorithmic traders and provides excellent forex pricing. It is a safe and trusted FX and CFD broker that is regulated by the highest authorities. For high-volume traders, Pepperstone is an excellent choice, with a wide range of third-party trading platforms and competitive pricing.
There are a number of third-party platforms accessible via Pepperstone, however they don't have a proprietary platform. All of the cTrader (Windows) and MetaTrader (Windows, Mac OS) software may be installed on your computer. Traders may use cTrader, DupliTrade, MirrorTrader, or RoboX for social copy trading. As far as I know, neither cTrader nor MetaTrader does not offer automated trading.
Customization and language support are excellent features of the online platform, which runs on MetaTrader. Users may find it difficult to adapt to the design and the user interface. Pepperstone provides detailed lessons on how to utilise its platforms. It's simple to resize and reposition tabs on the screen. Indicators, expert advisors, DDE protocols, order management tools, and more are all available in the MT4 and MT5 webtrader.
Using their Smart Trader Tools might help you improve your trading approach. Market data and functions are updated and broadcasted, and sophisticated alerts are provided to make trading simpler.
For mobile trading, Pepperstone offers the MT4, MT5, or cTrader apps from MetaTrader. Apps for iOS and Android are available in 22 languages. MetaTrader 4's mobile app is simple to use and offers a wide range of useful features, such as quick search and price notifications, for traders on the go. There is a direct link between your online platform and the app on the platform.
Customers have the option to trade FX as well as CFDs. Indicators, watch lists, alerts, trendlines, and charts for various time periods are all included in the MetaTrader app. Overall, it should be plenty for most traders, from novice to expert.
Generally speaking, Pepperstone's fees are quite inexpensive. Trading many times each week or day is recommended for those who are most engaged in the market. With the Razor account, the costs for active traders are much lower than with the basic account Traders at Pepperstone may expect competitive quotations and minimal spreads on a wide range of instruments and assets thanks to various liquidity sources.
The spreads fluctuate depending on the market. Spreads on the EURUSD are as low as 0 pips during liquid hours since prices originate from many suppliers (Razor account).
There is a 0.0035 percent fee for cTrader accounts based on the base currency you trade. This translates to a fee of $3.5 to start and $3.5 to close a $100,000 USDEUR exchange.
When a post is open overnight, you will be charged for overnight financing. The benchmark rates for equity CFDs, share CFDs, and commodities are used to establish the rates. In the fixed rate category, Pepperstone's is 2.5%.
More than 180 instruments are available from Pepperstone in a variety of markets. CFDs on Forex, Commodities, and Cryptocurrencies are available. Pepperstone does CFDs, however they specialise on FX trading. Major, minor, and exotic wagers are available at cheap fees with tight spreads.
A Pepperstone account may be opened in a matter of minutes. Standard accounts do not need a minimum deposit and are easy to start. All international traders are welcomed, with the exception of a few (Canada, New Zealand, Japan, and US).
The spreads on the regular account are wider than on the razor account, but there are no commissions. With a raw spread between 1.0 and 1.3 pips, this account is well-liked by beginner traders seeking an easy-to-use platform.
The razor account is a commission-based business model. Spreads start at 0.0 pips for this product. Scalping, algorithmic trading, and customers that wish to run EAs are all prominent uses for this platform. EURUSD has a spread of 0.0-0.3 pips on average. On a 100k-trade round-turn basis, commissions start at AUD$7.
For a basic account, the minimum deposit is zero dollars. This is better than the norm for the industry, which is between $10 and $10,000 as a minimum deposit.
Research and teaching at Pepperstone is above industry standards. There is a whole area of their website devoted to education and analysis on their website. You may attend their webinars to hear from industry experts and get up-to-date news and insight on the markets. Beginners may learn the basics of forex and CFD trading in our special area just for them.
Customer service at Pepperstone is excellent. You may reach them via phone, live chat, or email at any time of day or night. They respond quickly. Their live chat is handy, and their customer service representatives are well-trained.. On the Pepperstone website, there is also a section for commonly asked questions.
Leverage at Pepperstone may reach a whopping 500:1. For forex, the leverage is 500:1 under ASIC jurisdiction, 50:1 in DFSA jurisdiction, and 30:1 in FCA. ASIC, DFSA, and FCA are all trading at $500 each for every $1 you have to spend.
Profits and losses grow as a result of leverage. As your P/L (profit/loss) increases in magnitude, so does your leverage. Entering a position or maintaining a position requires a margin of at least some money. Margins are based on a proportion of the total cost (0.5 percent , 1 percent , 2 percent ). The legislation and the financial instrument and asset class influence the leverage ratio. Forex has a larger leverage than cryptocurrency, while cryptocurrency has a lower leverage.
A bonus isn't available for new customers at Pepperstone. This is due to the fact that in Europe, deposit incentives are illegal. Instead of deposit incentives, Pepperstone seeks to give its consumers with a low-cost trading platform and excellent customer support. A prohibition on all EU FX deposit bonuses was enacted in 2018 by the European Securities and Markets Authority.
Pepperstone offers a referral programme for traders who want to spread the word about trading with Pepperstone to their friends and family members. It costs $100 USD to suggest a new trader. The referrer must deposit at least $1,000 USD into their account and trade at least five Forex lots.
The Active Trader Program rewards traders for their forex trading activity by reducing their commission costs and providing rebates in the form of cash. More trading equals more savings; a rebate is determined by how many standard lots are traded monthly.
Safe and regulated, Pepperstone is the finest choice for FX trading. In terms of cost, their Razor account and Active Traders programme are among the best in the business. Beginners seeking for a powerful trading platform will find their basic account ideal. Pepperstone has a wide range of platforms, all of which have a lot to offer.
Pepperstone was founded in Australia in 2010 and has developed dramatically over the previous ten years. For novices and experienced alike, it provides a broad choice of trading options with more than 57,000 customers in over 65 nations
More than 150 assets are available for clients to trade on three of the most popular trading platforms. For CFD and FX traders, there is a wide range of third-party platforms to choose from, as well as excellent customer support and a wide range of alternatives for social copy trading. In the case of automated trading systems and scalpers, Pepperstone is a viable option with low spreads and fast execution rates.
The broker has won a large number of accolades as a sign of its development and popularity, and it has a lot of room to expand. ASIC in Australia, Dubai Financial Services Authority (DFSA), and the Financial Conduct Authority (FCA) all regulate it, which further establishes its legality.
How to Sign Up for Pepperstone in 3 Easy Steps
The first step is to enter your email address and choose a password for your account by clicking Sign-up. Afterwards, you'll need to fill out a typical online application that asks for your contact information as well as some of your personal information, such your date of birth.
To comply with KYC and AML regulations, Pepperstone requires the trader's ID and evidence of domicile. Because it is governed by certain tight regulatory agencies, traders may trust the broker with their papers and personal information to not disclose with other parties.
Once your account has been authorised, you may use any of the available financing options to fund your account and begin trading. Prior to trade with real money, we suggest utilising the demo account features to familiarise yourself with the platform and its features.
When it comes to online brokerages, Pepperstone is right up there with the best. The trading platform is expanding fast all over the globe, serving more than 65 countries and providing ever-increasing trading products and features. Regulated by leading financial regulators such as FCA, DFSA and ASIC, this broker has a strong reputation for integrity.
When put up against other Forex traders from across the globe, it holds its own. CFD, Forex, and social trading investors all regard it to be an excellent choice.
The creators of the company were aware of the discomfort that traders would experience when using online Forex platforms in 2010. Online Forex trading may be a frustrating experience for a variety of reasons, ranging from sluggish execution times and wide spreads to poor customer service. For these reasons, Owen Kerr and Joe Davenport decided to put their years of Forex trading and technological expertise to use in order to create a Forex solution that may address these issues. In 2010, Pepperstone was born as a result of this.
Low-cost spreads, top-notch customer service, lightning-fast execution speeds, and cutting-edge technology are just some of the advantages of this forex trading platform. With more than 110,000 retail trading accounts and daily deals totaling $12.55 billion, it has achieved its aim.
Since their success, the team has remained focused on expanding their services and developing their own solutions that make online trading simpler. One of the world's most popular online forex trading platforms has a mission to make forex trading more accessible for individual retail investors.
On 27 October 2010 the Australian Securities and Investments Commission (ASIC) initially regulated and authorised Pepperstone as an Australian broker. CDDA, or Compensation for Damages Due to Defective Administration, protects traders who are registered with the Australian Securities and Investments Commission (ASIC).
The Financial Conduct Authority (FCA) regulated and authorised it on May 8, 2015 since it serves traders from the European Economic Area (EEA) and the United Kingdom (UK). The FCA is a key player in the world of financial regulation. The Financial Services Compensation Scheme (FSCS) protects traders who are regulated by the Financial Conduct Authority (FCA) for up to £85,000. Pepperstone was just granted a forex licence by the Dubai Financial Services Authority (DFSA) in 2020. Because of this, the forex broker is able to serve customers in Dubai and other Gulf Cooperation Council countries.
Both of these Tier 1 banks completely separate the money of their clients. The broker adheres strictly to anti-money laundering and know-your-customer (KYC) regulations.
Regulators such as the FCA and ASIC have confirmed Pepperstone's commitment to delivering a safe and secure trading environment. Tier-1 banks like Australia's National Australia Bank and the UK's Barclays maintain segregated accounts for their customers' money. To protect themselves, Lloyds of London has insured the broker with its professional indemnity insurance.
It is a well-known forex broker with a continually expanding clientele and range of offerings. According to KYC and AML regulations, the company is operating in more than 65 countries throughout the world.
One of the best indicators of how well-liked it is throughout the globe is how rapidly its user base is expanding. To make forex trading more accessible and easy for consumers throughout the globe, it has continued to expand and enhance its products and services.
There are so many online brokers to choose from that it might be overwhelming. Users are unsure whether the platform is suitable for their specific needs. Because of their inexperience with online trading, the fears of newcomers are heightened. Beginner-friendly features and instructional materials are important concerns for these users. Experienced traders want to discover whether the platform provides them with access to key features and control they need to enhance their profits.
CFDs are risky products with a high probability of losing money quickly because of their complexity. Be certain that you can tolerate the risk and understand the ins and outs of CFD trading before you begin trading.
With that stated, it does provide a wealth of educational materials and learning chances for newcomers. For those who are new to Forex trading, there is a portion of the website devoted to instructional materials such as articles, videos, tutorials, and courses.
Beginners may learn the basics of trading, as well as how to navigate the platform and make use of existing trading methods or develop their own from scratch, with the help of these tools.
Experts will like the platform's extensive toolkit, which includes AutoChartist and Smart Trader Tool packages. In addition, MetaTrader and cTrader, the two most popular trading platforms in the world, are also supported, making it ideal for both experienced and new traders.
This online broker is ideal for both experienced traders and those just getting started, thanks to its wealth of knowledge and cutting-edge automated tools.
Among other online trading platforms, Pepperstone stands out for its focus on meeting the needs of its users. Forex trading with this broker is quick, low-cost, and convenient.
As a result, it is able to handle all of the obstacles that Forex trading presents. cTrader and MetaTrader 4, two of the most well-known trading platforms in the world, are both compatible with it.
Customers at all levels, including retail traders, benefit from its cheap spreads and great liquidity. Even spreads as low as 0 pips are available. Until recently, these services were only available to banks, hedge funds, and other large institutions. Since its founding, the company has sought to provide the same level of service to individual traders as it has done for institutions. Retailers of all sizes now have access to this new market. It only requires a deposit of AUD $200 to open an account, making it accessible to a wide range of people.
Ongoing development of mobile apps, enhanced analytics, and a proprietary client area are just a few of the many technologies it is working on to make online trading easier. Customer service and safety and regulatory procedures have been praised by traders who use the site.
A low-cost trading environment is created through low commissions and narrow spreads. In comparison to other online brokers, the broker provides a reasonable trading charge. If you open a Razor account with a €7 commission, the average spread for the EUR/USD currency pair is just 0.13 pips. However, the standard account has a spread of 1.13 pips for the same currency pair and no fees.
There are some exceptions, such as Islamic accounts, which provide full disclosure of trading costs and offer swap rates on overnight positions. Pepperstone, in contrast to other brokers, provides traders with clear instructions on how to get swap rates for each instrument.
Three distinct aspects make trading on Pepperstone a pleasure for both new and experienced traders alike. In addition, there are several social trading partnerships and smart trading tools. User performance is boosted and one of the greatest trading environments is provided by these services.
There are 28 Meta Trader 4 and 5 trading platform plugins included in this upgrade package. An sophisticated trading platform with strong trade execution, portfolio management, and increased risk management may be achieved with the use of these Plugins. Adding cutting-edge technology and upgrades is a much-needed addition to the basic offerings of other brokers.
With Pepperstone's cTrader platform, traders can create automated trading solutions and develop their own custom-made indicators. This is a great option for businesses and traders that don't already have an MT4 solution in place. cTrader is also well-suited to back-testing and strategy optimization.
In addition to social trading and automated trading, Pepperstone focuses on these areas. The Smart trader tools and the cTrader automate give automated trading solutions, whilst their collaboration with the top five social trading platforms fulfils the social trading side. ZuluTrade, Mirror Trader, MetaTrader Signals, Myfxbook, and DupliTrade are some of the trading options available on the platform.
MetaTrader 4, MetaTrader 5, and the ECN platform cTrader are all available via Pepperstone. MT4 is the best platform for automated trading, however all of them include this feature. Millions of dollars have been spent building trading solutions on the MT4 platform by financial technology businesses and financial institutions. Back-testing and a slew of other features are available because to its high level of sophistication.
In the ECN market, the most widely used trading platform is cTrader, in which Pepperstone has also made an investment. It is possible that cTrader's fundamental models are better than MT's. In contrast, an upgraded version of MT4 is able to create more complex trading solutions.
On top of that, cTrader Automate and Smart Trader Tools for MT4/MT5 are available. Additionally, these extra features boost the usefulness of the trading platforms and improve the trading experience.
Everything from the fundamentals of online trading to more sophisticated advise may be found on the platform's teaching offerings. Trading tips, free webinars, and instructional materials for FX trading may be found on the website's educational area. Seven sections are included in the Forex trading part, which gives an in-depth insight of the market. There is a wealth of information accessible on the website to help new traders get started on the platform.
Over 150 products are available for trading on the site, including futures, CFDs, commodities, and more.
Over 61 currency pairs are available for trading on the forex market. Majors, minors, and exotics are all included here.
For USD, Euro, and AUD trading, CFDs can be traded on 15 commodities, including energy and metals, such as coal, oil, and gas.
More than 60 top share CFDs are available for trading.
A large range of worldwide markets may be accessed via 14 main index CFDs.
Cryptocurrency CFDs: It provides CFDs on the most popular cryptocurrencies. Bitcoin, Bitcoin Cash, Ethereum, Dash, and Litecoin are all included in this.
If you're looking for a professional trading experience from an online broker, Pepperstone is your best option. With an ever-growing customer base and a slew of services that make forex trading more accessible, the broker has built a solid reputation.
In terms of account types, the Australian broker has a wide range of options, with a primary focus on Forex, CFDs, and cryptocurrencies. At under $200, it's excellent for both novice and experienced traders alike.
Customers may expect minimal fees, swift execution, and excellent customer service from the broker. For forex traders, Pepperstone is a top choice since it offers a large variety of trade choices and instruments and is compatible with leading trading platforms like MetaTrader and cTrader.
Learn more about online trading brokers for UAE citizens and residents.
Sites like Pepperstone in the UAE
Here is a list of top online brokers to open an account for trading Forex, Bitcoin, CFDs and Stocks in the UAE. These brokers have above-average reviews on sites like Reddit, Quora and Trustpilot; and are totally legit, safe and trustworthy for UAE citizens and residents.
The brokers listed on this webpage accept clients from within the United Arab Emirates. Most of these companies provide an online trading platform for fiat currencies (such as Pound Sterling, the Euro, the US dollar, Japanese Yen etc.), buying and selling of cryptocurrencies (for example Bitcoin, Ethereum, Tether, XRP etc.), stocks (this includes listings on Abu Dhabi Securities Exchange, Borse Dubai, Dubai Mercantile Exchange, Dubai Financial Market and NASDAQ Dubai), CFDs (Apple, Microsoft, Amazon, Google, Tesla etc.), UAE government and corporate bonds, and short-term to long-term fixed income securities.
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- OANDA - American broker that is now spreading its wings. (OANDA Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- ADSS - Based out of Abu Dhabi and regulated by the Central Bank of the United Arab Emirates. (ADSS Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- Orient Finance - Local online-trading broker that caters to novice traders looking to invest in the foreign exchange markets. (Orient Finance Review)
- Alfa Financial - Their office is located at City Centre Deira on Port Saeed Road; and generally tends to attract investors within Dubai. (Alfa Financial Review)
- One Financial Markets - Local forex broker with an office at Dubai International Financial Centre at Index Tower. (One Financial Markets Review)
- Amana Capital - A broker located at Central Park Towers, Dubai International Financial Center. (Amana Capital Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Century Financial - Old online-trading broker with an office at Level 6, Building 4, Emaar Square, Downtown Dubai. (Century Financial Review)
- IFCM UAE - Nothing special about IFC Markets, but it does have a dedicated .AE website for UAE clients. (IFCM UAE Review)
- EARNEX - This one is present at Jumeirah Lakes Towers and is licensed by the SCA. (EARNEX Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- Gulfbrokers ae - Dubai Multi Commodities Centre (DMCC) regulates this broker, but there nothing extraordinary about this brand. (Gulfbrokers AE Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.