In January 2015, Pepperstone was accused in The Australian for making various claims in relation to their proprietary technology. Yet more, the founders Kerr and Davenport were accused of taking $32m in dividends even when they were in the red, and a shortfall in client funds was noted.
Taking Pepperstone with a grain of salt
On the back of this, the two founders extracted $32m from the company in dividends, even though their total liabilities stand at $94m compared to $83m in cash and cash equivalents. The *accounts also reveal there is a $14m shortfall in clients’ funds with $85m recorded as owed to clients while $71m is held on segregated client accounts.
Quite dodgy. As with all brokers, it’s probably best to only deposit enough money to cover margin and short-term drawdown.
Any updates on that January 2015 news?
Pepperstone’s UK office can only offer 30:1 leverage but have great ECN spreads.
After a few questions I found out you can visit their Australian website directly: pepperstone.com.AU
I’ve demo tested on MT5 and so far so good. Will update on live execution later. #Scalpingsolutions 
Each broker each client is different, depending on what they like, my apinion.
I very much recommend this broker for numerous reasons. I as an EU citizen use its UK branch, which is regulated by FCA. That of course is one great thing to have. I’m trading with Pepperstone for a few months and so far everything worked well. When I had technical difficulties, their support was very fast, responsive and helpful as well. I count to pleasant bonus great webinars and analytical service from BKForex (Kathy Lien and co), special tools like Auto Charter and many other goodies.
Dukascopy are the best yet their MT4 is poo, the great MT4 ECN intermediaries are FX Open and IC Markets. Both are managed specialists, be that as it may on the off chance that you like Dukascopy’s stage go with’em.
Anyone live in the UK and have a Pepperstone live account based in Australia?
More leverage available, but regulated by ASIC, not the FCA… too risky?..
Pepperstone --who in my experience has some of the best customer service and execution quality out there-- is running a promotion where new users get their first 20 trades commission free:
Not bad at all for anyone who wants to try out a new brokerage.
I was a client of Pepper for many, many years and only have positive things to say about them.