If you are a Pepperstone client, they ask you to contact them immediately if you receive any suspicious calls, texts, or emails: Here are more details from the email about the data breach: “If you’ve registered for a Pepperstone demo or live trading account then you are likely to be affected.”įortunately, they are also reporting that the incident only involves contact information, and not passwords or trading account details. “We have been recently made aware of third parties contacting Pepperstone clients, either pretending to be Pepperstone or claiming that Pepperstone has closed and requesting that clients transfer their funds.” On July 21st 2020, Pepperstone sent an email to some clients explaining that “data security incident” has impacted its users:
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In August, 2020, Pepperstone launched commercial operations in Cyprus after receiving a license from the Cyprus Securities & Exchange Commission (CySEC). Pepperstone GmbH is regulated by the Federal Financial Supervisory Authority of Germany (BaFin), while Pepperstone Markets Kenya Limited is licensed by the Capital Markets Authority (CMA). Pepperstone is also licensed by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), the Dubai Financial Services Authority (DFSA), the Capital Markets Authority (CMA), and the Securities Commission of the Bahamas (SCB). The Markets in Financial Directive (MiFID) allows the company to operate as a regulated entity throughout the European Union. The Pepperstone Group is well-established, with offices in Melbourne, London, and Cyprus. Islamic accounts available, which are compliant with Sharia lawĬFDs available on UK company stocks with no spread mark-up (Not for US traders) Non-EU traders aren't covered by additional protection No guaranteed negative balance protection outside the UK/Europeģ great, customizable ways to trade with the platforms availableĭemo accounts expire after 30 days (with option for clients with live funded accounts to request non-expiry) Trustworthy broker (we scored Pepperstone 85/100 in our broker trust rating) Here are some of the pros and cons to consider when you’re considering opening an account with Pepperstone. The company’s founders set out to create a seamless trading experience through low-cost spreads, fast execution speeds, and reliable support services. Pepperstone is one of the largest forex brokers in the world. If Pepperstone is not available in, see our broker reviews for an alternative choice.ĭepends on the instrument and type of account being used ( see below)Īustralian Securities & Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), Securities Commission of the Bahamas (SCB), Cyprus Securities & Exchange Commission (CySEC), Federal Financial Supervisory Authority of Germany (BaFin), Capital Markets Authority (CMA) However, as of October 2021, Pepperstone changed its interest rate structure in which rates are determined by new spread benchmarks. The purpose is to eliminate conflicts of interest by giving clients direct access to liquidity sources in the interbank markets. Pepperstone was one of the first online brokers to introduce a “No Deal Desk” model. Traders can choose the MetaTrader 4, MetaTrader 5, or cTrader platforms via desktop or mobile, allowing clients to trade anywhere. Pepperstone clients can trade CFDs on forex, shares, indices, cryptocurrencies, commodities, and currency indices across three popular trading platforms. Pepperstone is an online forex, spread betting, and CFD broker with more than 57,000 clients in 65+ countries. Disclosure: Your support helps keep running! We earn a referral fee for some brokers & services we list on this page.