Founded
2010
Minimum Deposit
$0
Leverage
Up to 1:500
Platforms
MT4, MT5, TradingView, cTrader, Pepperstone Trading Platform
Clients
500,000+
Support
24/7
Regulation
FCA, ASIC, DFSA, CySEC, CMA, BaFin, and SCB
Overall, Pepperstone is a reliable and safe CFD broker that is highly popular for traders in the UAE, both beginners and advanced. Pepperstone offers lower trading costs compared to the industry average and also supports algorithmic trading by offering the popular MT4 and MT5 platforms. The broker also offers excellent customer support with 24/7 assistance.
Pepperstone’s product offering is centered around CFDs. Traders in the UAE can trade 1200+ CFDs with Pepperstone, including:
Pepperstone offers some of the lowest industry spreads compared to others. The broker also charges commission depending on the account type you select. Here is a more detailed look at Pepperstone’s spreads and commissions with each account type.
Traders can access each of Pepperstone’s platforms with the Razor account. It offers a commission based price structure plus prevailing spreads. For EUR/USD, spreads in the Razor account average 0.16 pips. Adding on a commission of 0.70 pips, this comes to an industry average of 0.86 pips.
Pepperstone’s Standard account offers commission-free trading with a slightly less competitive spread. Using the same EUR/USD example, traders will be charged an average spread of 1.16 pips only with no extra commission charges.
Professional clients are able to reduce their trading costs with Pepperstone through their ‘Active Trader’ program. With this program, Pepperstone gives their highly active clients discounts on the spread if they trade above a certain volume. Traders can sign up and request this from their account manager.
In terms of other fees, there are no deposit or withdrawal fees and absolutely no inactivity fee.
While swap fees with Pepperstone can be quite high, traders can request a swap-free account. However this will also reflect in slightly higher spreads and a minimum account opening balance of $200.
Overall, Pepperstone’s variable spreads which are sourced from several major banks indicate the brokers commitment to offering clients some of the best trading costs possible.
While Pepperstone recommends a minimum deposit of $200, traders are able to deposit less than this if they wish. Deposits are free of charge and can be done through a variety of methods for UAE clients.
Local deposits and withdrawals are a great bonus for UAE traders. Clients can choose their withdrawal method from their secure client area by going to the ‘Funds’ tab then clicking ‘Withdraw Funds’. Withdrawals are free in most cases (bank transfers may incur a fee) and are usually processed in 1-2 business days.
Pepperstone has a comprehensive and well-thought out platform offering. Along with having their own proprietary trading platform, they have partnered with top best white label providers, offering their UAE clients a greater choice in terms of platforms. Pepperstone clients in the UAE can choose from:
Two of the most popular platforms used by traders globally. MetaTrader 4 and MetaTrader 5 with AvaTrade offers clients a range of order types, technical analysis tools and automated trading options, great for experienced traders.
Pepperstone is one of the few brokers that offers the cTrader platform for traders. cTrader is an excellent and more user-friendly alternative to MT4, and is available for desktop and web. Pepperstone also offers its very own cTrader mobile app for Apple and Android devices.
Pepperstone’s proprietary trading platform offers a streamlined and powerful solution tailored for traders seeking speed, reliability, and flexibility. Built with user experience in mind, it provides advanced tools for charting and analysis, alongside fast execution speeds to ensure traders can capitalize on market movements.
Whether you’re a beginner or an experienced trader, Pepperstone’s platform is designed to enhance your trading experience with an intuitive interface and a customizable layout that caters to your individual trading style.
Pepperstone has partnered with TradingView, the renowned social charting platform, allowing Pepperstone traders in the UAE to take advantage of advanced charts and analysis, super user-friendly interfaces, powerful trading tools and the world’s largest social network of traders.
Firstly, Pepperstone does offer a 30-day demo account that doesn’t use real funds and doesn’t require any account approval. This option allows traders to test the waters before investing with real money.
Unlike other brokers, Pepperstone’s approach when it comes to account types is straightforward. Here are Pepperstone’s account types that traders choose.
Standard Account
The Standard account is commission-free but comes with a wider spread. As the more straightforward account type, it is recommended for beginner traders. With Pepperstone’s Standard account, you can trade using the MT4 and MT5 platforms.
Razor Account
The Razor account is better for more advanced traders, scalpers, having much tighter spreads plus commission based on volume. With the Razor account, Pepperstone traders in the UAE can trade on MT4, MT5, cTrader, Capitalize.ai and TradingView. With Pepperstone, UAE traders can also access the following features.
Swap-Free Account
Interest-free account that does not charge overnight swap fees.
Active Trader Program
With this feature, professional/institutional clients with high trading volumes can receive even lower spreads from 0.0 pips.Pepperstone caters well towards new traders that require assistance when it comes to learning how to trade.
Pepperstone offers a range of useful online resources, market analysis and research. In terms of market analysis, Pepperstone offers the following resources:
‘The Trade Off’ – a weekly debate/discussion on the financial markets.
Navigating Markets – Daily articles covering the latest market news.
The Daily Fix – Newsletter from Pepperstones Head of Research, providing timely market news/economic data needed to place informed trades.
Pepperstone caters well towards new traders that require assistance when it comes to learning how to trade.
In terms of its educational materials, Pepperstone offers its clients a range of educational videos and 20+ guides for new starters, with topics including risk management, MT4 & MT5, margin, leverage and other basics along those lines.
Pepperstone also offers monthly webinars and comprehensive trading guides such as:
In addition, Pepperstone has some great quality educational videos and webinars uploaded on its Youtube channel for traders to benefit from.
Pepperstone is considered a highly safe broker both in the UAE and worldwide. Pepperstone is regulated by top tier financial regulators including the ASIC, FCA, CySEC and CMA. In the UAE, Pepperstone is regulated by the Dubai Financial Services Authority (DFSA).
Pepperstone offers great and highly accessible customer support for trading clients, and can be contacted in several ways with the broker’s 24/5 support.
Live chat is available 24 hours a day along with the broker’s phone customer support, with e-mail support also available. An added advantage for traders in the UAE is Pepperstones local office located in Dubai in DIFC.
Overall, the Pepperstone support team is extremely helpful and will also assign you a dedicated account manager in most cases.
Pepperstone’s focus on client satisfaction earned this broker the Investment Trends “Overall Client Satisfaction Award 2022”.
Overall, Pepperstone has established itself as one of the UAE’s most popular online brokers, specializing in CFD trading with low spreads and excellent support. Some of the top advantages we picked out when trading with Pepperstone are the broker’s lower spreads compared to the industry average, zero deposit and withdrawal fees, fast account opening and no inactivity fees.
All in all, we highly recommend this broker if you’re a CFD trader just starting out and looking for top-tier trading conditions.
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