Most commodities from Monday through Friday from 01:00 to 23:59.Įuropean index CFDs are tradeable Monday through Friday between 00:01 to 23:59, while US ones between 01:00 to 23:15 and from 23:30 to 23:59. Forex trading is available from Monday 00:00 to Friday 24:00. On Saturdays, there is a break between 00:00 and 01:01 and from 17:00 to 23:59. Trading HoursĬryptocurrency trading is available 24/7 with daily breaks between 23:59 and 00:05 Sunday through Friday. The Pepperstone leverage depends on the regulatory jurisdiction, ranging from an uncompetitive 1:30 available at the ASIC, FCA, DFSA, BaFin, and CySEC units to a highly competitive 1:400 at the CMA and 1:200 SCB subsidiaries. Traders also have access to 23 commodities, 23 index CFDs, and 940+ equity CFDs, the latter being relatively wide. This is a selection of average width for the retail Forex brokerage industry. Pepperstone offers 62 currency pairs, three currency indices, nine cryptocurrencies, and three cryptocurrency indices. Taking a 1 standard lot buy/sell position, in the EUR/USD at the tightest spread and holding it for seven nights costs the following: Taking a 1 standard lot buy/sell position, in the EUR/USD at the tightest spread and holding it for one night costs the following: Scroll down until you see Swap Long and Swap Short.īelow is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based Pepperstone Razor account. Right-click on the desired symbol in the Market Watch window and select Specification.Ģ. MT4/MT5 traders can easily access swap rates from their platform by following these steps:ġ. I always recommend that traders check them before evaluating the total trading costs. Depending on the trading strategy, it may become the most significant fee per trade. One of the most ignored trading costs is swap rates on leveraged overnight positions. Regrettably, Pepperstone levies a fixed administration fee on trades maintained past ten trading days, which I do not like, as it forces trading activity. Another fact I appreciate is the absence of an inactivity fee. Commissions on equity CFDs can be as low as 0.07%, averaging at 0.10%, which is a reasonably competitive ranking. This is the same as a spread of 0.7 pips, which is very competitive.
CTRADER PEPPERSTONE PLUS
The average spread observed for the benchmark EUR/USD during the London-New York session is 0 pips plus a commission of $7, lowered to $5.95 via the Active Trader Program and below, which I like as it increases profits per trade. Here is a screenshot of the Pepperstone MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Pepperstone UK offers maximum leverage of 1:30, negative balance protection, and the best regulatory mandated compensation scheme of £85,000 per client. Pepperstone Australia offers maximum leverage of 1:30, negative balance protection, but no compensation scheme for depositors. Each trader must weigh what matters most to their trading style. Therefore, I am confident trading from the CMA licensed subsidiary. Pepperstone is a global brand with a spotless record and a reputation to maintain. Traders at the Bahamas unit get 1:200 without negative balance protection. As an active high-frequency trader, I prefer the Kenyan subsidiary over the Bahamas, as it offers negative balance protection plus maximum leverage of 1:400. Pepperstone presents clients with seven well-regulated subsidiaries.Īustralian Securities & Investments CommissionĬyprus Securities and Exchange CommissionĪll client deposits remain segregated from corporate funds held at Tier1 banks.
CTRADER PEPPERSTONE LICENSE
I always recommend that traders check for regulation and verify it with the regulator by checking the provided license with their database. Trading with a regulated broker will limit the potential for fraud and malpractice. Pepperstone also caters well to beginner traders with a quality educational offering, in-house research, and 24/5 multilingual support. Traders get access to raw spreads for a commission of $7.00 per round lot, while the Active Trader Program and the VIP client service award high-frequency traders, another thing I value highly. Summary Pepperstone Overview - A Dedicated Broker for Algorithmic Traders and ScalpersĪlgorithmic traders and scalpers account for the bulk of trading activity, and Pepperstone maintains a trading environment that supports their strategies, which benefits me the most because that is my trading style.
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