Wanted to open account with broker. What is your suggestions/experience about Pepperstone?
I’ve been with PPS for months. They are a safe broker, highly regarded, provide trader protection, and one of the cheapest to trade with. I trade on MT5 which offers as much as I need.
Only niggle, they charge a commission on each trade - 0.30 on 0.02 lot, and a little more on increased lot size. Most forex spreads, though are excellent, and even with the commission charge, surprisingly even beats IC markets standard account hands down, and is also slightly better than Blueberry Markets.
My pro-trader friend who manages two hedge funds and private investors funds, has Goldman Sachs style servers on Wall street, and is as modest as they come, suggested I look into trading through PPS - and he’s well up with things.
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Good broker with large number of trading instruments.
Commission is quite higher but I guess that is a benchmark for the most of the forex broker.
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Thank you Steve for such a detail information.
Thank you garfield01
It is a very good broker like many other brokers such as Fxview, FXTM, XTB etc. See every genuine broker is good in its respect but we as traders have to figure out what we want from our brokers. Some people need fast withdrawals, others need enormously high leverages. So there are multiple factors which are required for choosing a broker. There is no magical broker which will ensure you profits. It is your strategy which needs to be there for the profits and a broker has a little role in that for sure. Choose your broker on your strategy not anyone else’s. Good luck!
It is a nice broker undoubtedly. But whether it is suitable as per your requirements or not, you will have to find it on your own. You can go demo trading with it and test its features. You will get an idea about its trading platforms and whether you will be good if you trade with it or not.
Used and had a good experience. It’s a reputed broker with a low commission fee, great customer support team that answered all my queries pretty fast, and the deposit and withdrawal policies were great too.
It is a huge broker, but not cheap. I use Forexchief, offers higher leverage and lower spreads. Depends on what you are looking for. Just check their trading conditions or features and decide.
Yes, everyone has a criteria for judging a broker and testing their demos is certainly a good idea.
I haven’t used this broker but I’ve read about them and it seems fine to me. It is better to check what account types and platforms a broker offers. This will make things easier for the trader.
Yeah, that’s right and doing your research beforehand never goes out of style. Whether the broker in question is someone established like pepperstone or one of the new, relatively less heard of like Turnkeyforex, it’s only when you explore all the options that interest you that you give yourself a chance of finding something worthwhile.
Lower spreads and fees is Forexchief for me. best trading conditions every trader needs.