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Pepperstone review

Pepperstone Review

Overall, Pepperstone is very competitive in terms of its trading fees and spreads. Pepperstone is considered low-risk and is regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA, and SCB. Pepperstone has an overall Trust Score of 92% out of 100. Pepperstone is currently not regulated by the CMA of Kenya

Updated : September 14, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

Pepperstone Overview

Pepperstone Review Overview

👉 According to research in Kenya, as one of the top trading brokers in the world today, Pepperstone is known for its exceptional client service and extensive selection of third-party platforms. The research offerings are superior to the industry norm, but the number of tradeable items is a small drawback.

👉 Founded in 2010, Pepperstone Markets is a prominent CFD, and forex broker based in Kenya while the Pepperstone group is based in Australia. Pepperstone Markets is a multi-location broker that adheres to tight rules with offices based around the world, including in Nairobi, Kenya. In Kenya, the Capital Markets Authority (CMA). has granted Pepperstone Markets Kenya Limited a license to operate.

👉 Daily, Pepperstone Markets processes an average of US $8.3 billion in deals and provides online trading to more than 170 nations across the world. Pepperstone Markets makes use of technologies designed to facilitate large-ticket trading by institutions.

👉 Pepperstone Markets is capable of handling multiple order fills, allowing them to feed bigger orders into a liquidity aggregator on numerous levels. Orders placed by clients are filled on a “market execution” basis without requotes, with the possibility of positive or negative slippage, and without broker interference.

👉 This Pepperstone Markets review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.

Distribution of Traders

Pepperstone Review Distribution of Traders

👉 The distribution of traders with Pepperstone Markets is as follows:

➡️️​ Mongolia – 11.1%

➡️️​ Australia – 9.6%

➡️️​ Mexico – 7.4%

➡️️​ United Kingdom – 7%

➡️️​ Brazil – 5.4%

Popularity among traders who choose Pepperstone

🥇 While Pepperstone Markets has a low market share in Kenya, the broker falls within the Top 10 forex and CFD brokers that accept Kenyan traders.

Pepperstone At a Glance

🏛 HeadquarteredNairobi, Kenya
🏙 Kenyan Based OfficeYes
✅ Accepts Kenyan Traders?Yes
🗓 Year Founded2010
📞 Kenyan Office Contact Number+254 20 3893547
🤳 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• YouTube
⚖️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
🪪 License Number• Bahamas – 177174 B
• Australia – ACN 147055703, AFSL 414530
• United Kingdom – 684312
• Cyprus – HE 398429
• Kenya – CMA Licence Number 128
• Dubai – DFSA F004356, DIFC 3460
• Germany – 151148
⚖️ CMA RegulationYes – CMA Licence Number 128
🚫 Regional RestrictionsUnited States, Canada, Iran, Japan, Iraq, Zimbabwe, Yemen, and others
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts2
📊 PAMM AccountsNo, only MAM for fund managers
🤝 Liquidity ProvidersBarclays, HSBC
💸 Affiliate ProgramYes
📲 Order ExecutionSucden Financial Limited, IS Prime Limited, LMAX Limited, GAIN Capital, Jefferies Financial Services, Inc. (Morgan Stanley, Morgan Chase)
📊 Average spreadVariable, from 0.0 pips EUR/USD
📞 Margin Call90%
🛑 Stop-Out20%
Crypto trading offered?Yes
💰 Offers a Kenyan shilling Account?No
👨‍💻 Dedicated Kenyan Account Manager?No
📊 Maximum Leverage1:400 (Kenya)
🚫 Leverage Restrictions for Kenya?No
💰 Minimum Deposit (KES)16,000 KES equivalent to AU$200
✅ Kenyan shilling Deposits Allowed?Yes
📊 Active Kenyan Trader Stats70,000+
👥 Active Kenyan-based Pepperstone customersUnknown
💳 Kenya Daily Forex Turnover$100 million+
💵 Deposit and Withdrawal Options• Visa
• Mastercard
• Bank transfer
• MPESA
• Paypal
⏰ Minimum Withdrawal TimeYes
💵 Instant Deposits and Instant Withdrawals?Yes
🏦 Segregated Accounts with Kenyan Banks?No
🕐 Maximum Estimated Withdrawal TimeUp to 5 Working Days
📊 Trading Platforms• MetaTrader 4
• MetaTrader 5
cTrader
• TradingView
• Myfxbook
• DupliTrade
• MetaTrader Signals
✔️ Tradable Assets• Forex
• Shares CFDs
• ETFs CFDs
• Indices CFDs
• Commodities CFDs
• Currency Indices CFDs
💸 Offers USD/KES currency pair?No
📈 USD/KES Average SpreadN/A
📉 Offers Kenyan Stocks and CFDsNone
🗣 Languages supported on WebsiteEnglish, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, Laotian, German, Polish
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/5
👥 Customer Support LanguagesMultilingual
✅ Bonuses and Promotions for KenyansNone
📚 Education for Kenyan beginnersYes
📱 Proprietary trading softwareNo
💰 Most Successful Kenyan TraderPatrick Mahinge (Net Worth – Private)
✅ Is Pepperstone a safe broker for Kenyans?Yes
📊 Rating for Pepperstone Kenya9/10
🤝 Trust score for Pepperstone Kenya92%
👉 Open an account👉 Open Account

Regulation and Safety of Funds

Pepperstone Review Regulation And Safety

👉 Pepperstone Markets overall holds the following regulations and authorization:

➡️ The Financial Conduct Authority (FCA) in the United Kingdom (684312)

➡️ The Australian Securities and Investment Commission (ASIC) in Australia (CAN 147055703, AFSL 525630)

➡️ The Dubai Financial Services Authority (DFSA) in Dubai (F004356).

➡️ The Security Commission of the Bahamas (SCB) under 177174 B.

➡️ Cyprus Securities and Exchange Commission (CySEC) under HE 398429.

➡️ Capital Markets Authority (CMA) under CMA Licence Number 128.

➡️ Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany (151148).

👉 Pepperstone Markets is required to maintain high capital requirements and to adopt and adhere to strong internal processes, including client money protection, risk management, anti-money laundering, conduct, training, accounting, and audits, under these licenses.

👉 Pepperstone Markets clients’ money is maintained in segregated bank accounts, with the utmost priority placed on client funds protection. They take great pleasure in their excellent regulatory and compliance culture.

Account Types and Features

Pepperstone Review Account Types

👉 The Standard and Razor Accounts are Pepperstone Markets’ two dynamic retail account categories, while the Professional Account is available to more experienced Kenyan traders. Both accounts were set up to cater to a wide range of different traders‘ needs and goals.

👉 Real account holders have the option of an unlimited demo account, which may be used to practice trading and test strategies in a risk-free environment for an additional 30 days after registration.

👉 To ensure that Muslims have access to global markets, Pepperstone Markets offers the option of converting their live trading account to an Islamic Account.

Live Trading Accounts

Standard Account

Pepperstone Review Standard Account

👉 The Standard account is the ideal choice for most Kenyan traders, particularly novices and those who trade average quantities.

Account FeatureValue
💰 Minimum Deposit16,000 KES equivalent to AU$200
💸 Minimum Trading Size0.01 lots
📉 Maximum Trading Size100 lots in a single trade
💰 Base Account CurrencyAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
💵 Trading Strategies SupportedAll including scalping, hedging, and Expert Advisors (EAs)
🗞 News Trading Offered?Yes
✔️ Trade ExecutionNo-Dealing Desk (NDD)
📊 Average EUR/USD SpreadFrom 0.6 pips
💵 CommissionsNone
💰 Rollover SwapsYes, according to the market rates
📊 Maximum Leverage per region• Australia – 1:30
• Bahamas – 1:200
• Cyprus – 1:30
• Dubai – 1:30
• Germany – 1:30
• Kenya – 1:400
• United Kingdom – 1:30
⚖️ Negative Balance Protection OfferedYes, only for retail clients
🛑 Margin Close-Out (%)50%
🔧 Trading Instruments offered1,200+
💻 Trading Platforms offeredMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade

Razor Account

Pepperstone Review Razor Account

👉 The Razor account has the greatest spreads in the industry for scalpers and algorithmic traders in Kenya.

Account FeatureValue
💰 Minimum Deposit16,000 KES equivalent to AU$200
💸 Minimum Trading Size0.01 lots
📉 Maximum Trading Size100 lots in a single trade
💰 Base Account CurrencyAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
💵 Trading Strategies SupportedAll including scalping, hedging, and Expert Advisors (EAs)
🗞 News Trading Offered?Yes
✔️ Trade ExecutionNo-Dealing Desk (NDD)
📊 Average EUR/USD SpreadBetween 0.0 pips and 0.3 pips
💵 CommissionsFrom AU$7 round turn on 100,000 traded
💰 Rollover SwapsYes, according to the market rates
📊 Maximum Leverage per region• Australia – 1:30
• Bahamas – 1:200
• Cyprus – 1:30
• Dubai – 1:30
• Germany – 1:30
• Kenya – 1:400
• United Kingdom – 1:30
⚖️ Negative Balance Protection OfferedYes, only for retail clients
🛑 Margin Close-Out (%)50%
🔧 Trading Instruments offered1,200+
💻 Trading Platforms offeredMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade

Professional Account

Pepperstone Review Professional Account

👉 Kenyan traders who have a demonstrated track record are given additional privileges and benefits. The benefits of a Pepperstone Markets Professional Account include:

➡️ Access to leverage of up to 1:400 for Africa, other areas 1:500 only for professionals

➡️ Access to a Personal Relationship Manager

➡️ Margin close-out level of 20% on MetaTrader 4 and 5, and up to 50% on cTrader

👉 To be eligible for the Pro Account, Kenyan traders must satisfy the following criteria:

➡️ Traders must demonstrate their proficiency in the Sophisticated Investor Test in a quick online exam.

➡️ A trading record of at least AU$50,000 or least twenty times every quarter over the past four quarters, as well as appropriate financial sector experience, are further qualifications for a leveraged instrument trading license.

➡️ Net assets of at least AU$2.5 million or gross annual income of at least $250,000 must be maintained for the last two years to achieve these criteria.

👉 In addition, when Nigerian traders qualify for a professional account, the following safeguards are removed:

➡️ Leverage restrictions

➡️ Compulsory margin close-outs

➡️ Negative balance protection

➡️ Retail disclosure information

Demo Account

Pepperstone Review Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

👉 There is a certain degree of risk involved when trading financial markets and Pepperstone Markets offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

Islamic Account

Pepperstone Review Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

👉 A Pepperstone Markets Islamic Account is best suited for Muslim traders who adhere to Sharia law. The legislation prohibits any kind of interest, such as overnight fees, which are seen as wasteful or exploitative.

👉 There are various unique aspects to Pepperstone Markets’ swap-free option, including the following:

➡️ A minimum deposit of 16,000 KES or equivalent in EUR, GBP, or USD is the official account base currency for this account.

➡️ Average spreads between 0.6 to 1.2 pips EUR/USD

➡️ Commission-free trading on the Islamic Option and no additional charges

➡️ The ability to use scalping, hedging, and EAs

👉 The Pepperstone Markets’ Islamic Account is only provided to traders from the following Islamic regions:

➡️ Albania

➡️ Azerbaijan

➡️ Bangladesh

➡️ Burkina Faso

➡️ Bahrain

➡️ Brunei

➡️ Nigeria

➡️ Brunei Darussalam

➡️ Algeria

➡️ Egypt

➡️ Guinea

➡️ Indonesia

➡️ Jordan

➡️ Kyrgyzstan

➡️ Kuwait

➡️ Morocco

➡️ Mauritania, and several other Islamic regions.

Account Registration

Pepperstone Review Islamic Account

👉 Pepperstone Markets’ account creation process is simple, fast, and intuitive. Verification of the account will take around 4 days after traders finish the online application.

👉 When traders begin the procedure, they are asked to verify their email address, provide personal information, and submit proof of identification. If Kenyan traders need any assistance at any point throughout the process, Pepperstone Markets’ customer service representatives are always ready to help.

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

Pepperstone Vs CM Trading Vs LiteFinance – Broker Comparison

Pepperstone MarketsCM TradingLiteFinance
⚖️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCBFSA, FSCACySEC
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• cTrader
• TradingView
• Myfxbook
• DupliTrade
• MetaTrader Signals
• MetaTrader 4
CM Trading Web
• CopyKat
• Expert Advisors
Trading Apps
• MetaTrader 4
• MetaTrader 5
LiteFinance Mobile App
💰 Withdrawal FeeNoYesNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit16,000 KES11,400 KES
5,600 KES





📈 Leverage1:400

1:2001:500
📊 SpreadVariable, from 0.0 pipsFixed, from 0.9 pips0.0 pips
💰 CommissionsFrom AU$7

NoneFrom $0.25 per lot on Oil

✴️ Margin Call/Stop-Out90%/20%



From 20%

100%/20%
✴️ Order ExecutionMarketMarketMarket
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoNoNo
📈 Account Types• Standard Account
• Razor Account
• Bronze Account
• Silver Account
• Gold Account
• Premium Account
ECN Account
• Classic Account
⚖️ CMA RegulationYesNoNo
💳 KES DepositsNoNoNo
📊 Kenyan shilling AccountNoNoNo
👥 Customer Service Hours24/524/524/5
📊 Retail Investor Accounts242
☪️ Islamic AccountYesYesYes

Trading Platforms

Pepperstone Review Trading Platforms

👉 One of Pepperstone Markets‘ most popular trading platforms is MetaTrader 4 for Windows and Mac. Additionally, the broker provides MetaTrader 5, cTrader, WebTrader, social trading platforms, and mobile applications for iPhone and Android so that Kenyans can trade the markets from any location at any time.

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ cTrader

➡️ TradingView

➡️ Myfxbook

➡️ DupliTrade

➡️ MetaTrader Signals

Desktop Platforms

Pepperstone Review Desktop Platforms

➡️ MetaTrader 4 can be downloaded as a desktop app on Linux, macOS, and Windows computers.

➡️ MetaTrader 5 can be downloaded as a desktop app on Linux, macOS, and Windows computers.

➡️ cTrader can be used on Windows desktops

WebTrader Platforms

Pepperstone Review WebTrader Platforms

➡️ MetaTrader 4 is available on all internet browsers

➡️ MetaTrader 5 is available on all internet browsers

➡️ TradingView can be used in combination with the Razor Account, helping Kenyan traders improve their overall trading experience.

➡️ Myfxbook AutoTrade is an automated social trading and copying service that can be accessed through Pepperstone Markets online.

➡️ DupliTrade is a user-friendly trading platform that allows Kenyan traders to copy the trades of professional traders to their Pepperstone Markets account.

➡️ MetaTrader Signals

Trading App

Pepperstone Review Trading App

➡️ MetaTrader 4 can be downloaded on mobile devices that use either Android or iOS.

➡️ MetaTrader 5 can be downloaded on mobile devices that use either Android or iOS.

➡️ cTrader is offered for all iOS and Android mobile devices

 

Range of Markets

👉 Pepperstone Markets offers the following range of markets:

➡️ Forex

➡️ Shares CFDs

➡️ ETFs CFDs

➡️ Indices CFDs

➡️ Commodities CFDs

➡️ Currency Indices CFDs

Broker Comparison for Range of Markets

Pepperstone MarketsCM TradingLiteFinance
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsYesNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyNoYesYes
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoNoNo

Trading and Non-Trading Fees

Spreads

Pepperstone Review Spreads

👉 The typical spreads that traders can expect are as follows:

➡️ Standard Account – from 0.6 pips EUR/USD

➡️ Razor Account – between 0.0 pips and 0.3 pips EUR/USD

➡️ Islamic Account Option – from between 1 pip and 1.2 pips EUR/USD

Commissions

Pepperstone Review Commissions

👉 Pepperstone Markets charges commissions on the Razor Account from AU$7 round turn on every 100,000 (standard lot) traded.

Overnight Fees, Rollovers, or Swaps

Pepperstone Review Swap Rates

👉 Pepperstone Markets’ financial institutions announce swap rates weekly and base their estimates on risk management and market conditions. This global investment bank supplies the tom next rates to Pepperstone Markets. These are continuously updated to reflect the ever-changing character of the tom next market.

👉 The calculation for swap rates with Pepperstone Markets is as follows:

➡️ Daily Swap Charge or Credit is (One Point divided by the Exchange Rate) x (The positions size or notional amount multiplied by the tom next)

👉 Pepperstone Markets allows Muslim areas to convert their live trading accounts to Islamic accounts, which are free of overnight fees and interest credits.

Other Fees

Pepperstone Review Other Fees

👉 Traders must provide proof of residence with their application to be considered for the Islamic Account. This will demonstrate to traders in their region that they are eligible for a swap-free account. Traders utilizing the Islamic Account should be informed that there are administrative costs associated with this account type. Among them are the following:

➡️ Cryptocurrencies (Professional Account Only), commodities, equities – 1.5 USD

➡️ Index Markets – 10 USD

➡️ SpotCrude and SpotBrent – 20 USD

➡️ Forex, precious metals on the retail account – 50 USD

➡️ Only on the professional account – Crypto10, Crypto20, and Crypto30 – 50 USD

➡️ BTC/USD (Professional Account Only) – 125 USD

➡️ GER40, FRA40, JPN225, CN50, ETH/USD (Professional Account Only) – 12 USD

➡️ US30 – 30 USD

Deposits and Withdrawals

Pepperstone Review Deposits And Withdrawals

👉 Pepperstone Markets offers the following deposit and withdrawal methods to Kenyan traders:

➡️ Visa

➡️ Mastercard

➡️ Bank transfer

➡️ MPESA

➡️ Paypal

How to Deposit Funds with Pepperstone Markets

Pepperstone Review How to Deposit Funds

👉 To fund a trading account, Kenyan traders can sign into their secure Client Area and navigate to the “Funds” tab where they can select the option to “Add Funds.” Once traders have selected the account that they wish to fund, they will be provided with a range of deposit options.

👉 Kenyan traders can select their preferred method, remembering that their deposit method will also be used when they withdraw funds, enter the amount to deposit, the deposit currency, and finalize the deposit.

How to Withdraw Funds with Pepperstone Markets

Pepperstone Review How to Withdraw Funds

👉 To withdraw funds, Kenyan traders can log into the secure Client Area on the Pepperstone Markets website or trading platform and select the “Funds” tab. Traders can select “Withdraw Funds” and they will be provided with a list of withdrawal methods.

👉 Kenyan traders must confirm their withdrawal request within an hour by selecting “Accept Withdrawal,” which is a link that is embedded in the withdrawal email that traders will receive.

👉 If Kenyan traders have set up their 2-Factor Authentication (2FA), traders can enter the code from their Authenticator app to confirm the withdrawal during Step 3 of the withdrawal process.

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

Pepperstone Education and Research

Pepperstone Review Eduaction And Research

👉 Pepperstone Markets offers the following Educational Materials:

➡️ Learn to Trade CFDs

➡️ Learn to Trade Forex

➡️ Learn to Trade Crypto

➡️ Learn to Trade Shares

➡️ Trading Guides

➡️ Webinars

👉 Pepperstone Markets offers Kenyan traders the following Research and Trading Tools:

➡️ Market Analysis

➡️ Smart Trader Tools for MetaTrader

➡️ cTrader Automate

➡️ AutoChartist

➡️ API Trading

➡️ Economic Calendar

➡️ Meet the Pepperstone Markets analysts

Pepperstone Affiliate Program

Pepperstone Review Affiliate Program

👉 Pepperstone Markets offers a successful referral program, allowing partners to grow their business using a wide range of resources and tools offered by the broker. Pepperstone Markets offers up to $1,300 CPA to affiliates and the benefit that partners have access to 24/7 real-time reporting.

👉 The CPA structure offered by Pepperstone Markets is multi-tiered and flexible, providing support to a wide range of affiliate setups. The Affiliate Program is ideal for the following individuals:

➡️ Digital marketing professionals

➡️ Bloggers

➡️ Owners of financial news websites

➡️ Social media influencers

➡️ Owners of comparison websites

👉 The benefits that individuals will discover when they sign up for the Pepperstone Markets affiliate program include:

➡️ Access to an experienced team of affiliate marketing conversion specialists

➡️ Multi-level pay-out structure

➡️ Access to robust real-time tracking technology

➡️ Access to global sales specialists that can support the partner’s digital presence

➡️ Flexible and transparent pay-out arrangements

Verdict on Pepperstone

👉 Pepperstone Markets is one of the most prominent trading brokers with an established track record of delivering outstanding and innovative trading conditions supported by industry-leading customer service.

 

👉 As one of the major forex brokers, they adhere to tight regulations to safeguard the safety and security of their customers. Since Pepperstone Markets provides so many options for platforms, instruments, and accounts, they can meet the specific requirements of each trader.

 

👉 Pepperstone Markets’ market share continues to grow because of its low trading fees, quick transaction executions, and wide range of assets.

Pepperstone Pros and Cons

✔️ Pros❌ Cons
Pepperstone Markets is well-regulated in Kenya and several other regions in the worldThere is no dedicated KES-denominated trading account for Kenyan traders
Pepperstone Markets is one of the largest CFD and forex brokers and offers client fund security and investor protectionFixed spreads are not offered
Kenyan traders are accommodated and provided with local deposit and withdrawal optionsThere are additional fees charged on the Islamic Account
There are competitive trading conditions offered on trading accountsThere are regional restrictions applied to the Islamic account and traders must provide proof of their residency before their account conversion is approved
There is a selection of trading platforms across devicesThere are leverage restrictions per region
Social trading opportunities are provided
Negative balance protection is offered on retail accounts
There is a comprehensive affiliate program offered

Frequently Asked Questions

Is Pepperstone regulated and by whom?

Yes, Pepperstone is a forex and CFD broker that is well-regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB in several regions where the broker operates.

Does Pepperstone offer a Demo Account?

Yes, Pepperstone offers a demo account.

Does Pepperstone offer leverage and what is the maximum ratio offered?

Yes, Pepperstone offers maximum leverage according to the regulatory region when traders register an account. The leverage options are as follows:

  • Australia – 1:30
  • Bahamas – 1:200
  • Cyprus – 1:30
  • Dubai – 1:30
  • Germany – 1:30
  • Kenya – 1:400
  • United Kingdom – 1:30

What is the overall rating for Pepperstone out of 10?

The overall rating is 9/10.

Is Pepperstone Markets suitable for beginner and professional traders?

Yes, Pepperstone Markets is an ideal broker that can be used by beginner and professional traders.

9/10 - (2 votes)