Pepperstone Review for UAE Traders in 2024
This article presents our professional review of the online trading broker, Pepperstone, for traders and investors in the UAE. This Pepperstone review takes a detailed look at one of the UAE’s top brokers, comparing them with others in the industry. We look at specific aspects like Pepperstone’s platform, regulations and features, and how these points impact traders in the UAE.
Written by:
Sam Reid
Sam Reid
Fact checked by:
Freddie Ricks
Freddie Ricks
Last updated:
Nov 2024
Nov 2024
Pepperstone Summary
Overall, Pepperstone is a reliable and safe CFD broker that is highly popular for traders in the UAE, both beginners and advanced.
We find that Pepperstone offers lower trading costs compared to the industry average and also supports algorithmic trading by offering the popular MT4 and MT5 platforms. The broker also offers excellent customer support with 24/7 assistance.
However, Pepperstone focuses entirely on CFDs and forex, and doesn't offer the option to physically invest in stocks or crypto. Demo accounts are also limited, only offering 1 month of practice trading.
We find that Pepperstone offers lower trading costs compared to the industry average and also supports algorithmic trading by offering the popular MT4 and MT5 platforms. The broker also offers excellent customer support with 24/7 assistance.
However, Pepperstone focuses entirely on CFDs and forex, and doesn't offer the option to physically invest in stocks or crypto. Demo accounts are also limited, only offering 1 month of practice trading.
Pepperstone Trading Instruments
Pepperstone’s product offering is centered around CFDs. Traders in the UAE can trade 1200+ CFDs with Pepperstone, including:
- 600+ shares
- 60+ forex pairs
- 23 global indices
- 100+ ETFs
- 30+ commodities
- 20+ cryptocurrencies
Pepperstone Commissions, Spreads and Fees
While using Pepperstone, we found that this broker offers some of the lowest industry spreads compared to others. The broker also charges commission depending on the account type you select. Here is a more detailed look at Pepperstone’s spreads and commissions with each account type.
Pepperstone Razor Account
Trader’s can access every one of Pepperstone’s offered platforms with the Razor account. It offers a commission based price structure plus prevailing spreads. For EUR/USD, spreads in the Razor account average 0.16 pips. Adding on a commission of 0.70 pips, this comes to an industry average of 0.86 pips.
Pepperstone Standard Account
Pepperstone’s Standard account offers commission-free trading with a slightly less competitive spread. Using the same EUR/USD example, traders will be charged an average spread of 1.16 pips only with no extra commission charges.
Professional clients are able to reduce their trading costs with Pepperstone through their ‘Active Trader’ program. With this program, Pepperstone gives their highly active clients discounts on the spread if they trade above a certain volume. Traders can sign up and request this from their account manager.
In terms of other fees, there are no deposit or withdrawal fees and absolutely no inactivity fee.
While swap fees with Pepperstone can be quite high, traders can request a swap-free account. However this will also reflect in slightly higher spreads and a minimum account opening balance of $200.
Overall, we find that Pepperstone’s variable spreads which are sourced from several major banks indicate the brokers commitment to offering clients some of the best trading costs possible.
Pepperstone Razor Account
Trader’s can access every one of Pepperstone’s offered platforms with the Razor account. It offers a commission based price structure plus prevailing spreads. For EUR/USD, spreads in the Razor account average 0.16 pips. Adding on a commission of 0.70 pips, this comes to an industry average of 0.86 pips.
Pepperstone Standard Account
Pepperstone’s Standard account offers commission-free trading with a slightly less competitive spread. Using the same EUR/USD example, traders will be charged an average spread of 1.16 pips only with no extra commission charges.
Professional clients are able to reduce their trading costs with Pepperstone through their ‘Active Trader’ program. With this program, Pepperstone gives their highly active clients discounts on the spread if they trade above a certain volume. Traders can sign up and request this from their account manager.
In terms of other fees, there are no deposit or withdrawal fees and absolutely no inactivity fee.
While swap fees with Pepperstone can be quite high, traders can request a swap-free account. However this will also reflect in slightly higher spreads and a minimum account opening balance of $200.
Overall, we find that Pepperstone’s variable spreads which are sourced from several major banks indicate the brokers commitment to offering clients some of the best trading costs possible.
Pepperstone Deposits & Withdrawals
While Pepperstone recommends a minimum deposit of $200, traders are able to deposit less than this if they wish. Deposits are free of charge and can be done through a variety of methods for UAE clients.
Local deposits and withdrawals are a great bonus for UAE traders, however Pepperstone lacks when it comes to e-wallets, with none of the popular choices available.
Clients can choose their withdrawal method from their secure client area by going to the ‘Funds’ tab then clicking ‘Withdraw Funds’. Withdrawals are free in most cases (bank transfers may incur a fee) and are usually processed in 1-2 business days.
- Debit card
- Visa debit
- Mastercard debit
- Local bank transfer
- International bank transfer
- Credit card (for professional clients)
Local deposits and withdrawals are a great bonus for UAE traders, however Pepperstone lacks when it comes to e-wallets, with none of the popular choices available.
Clients can choose their withdrawal method from their secure client area by going to the ‘Funds’ tab then clicking ‘Withdraw Funds’. Withdrawals are free in most cases (bank transfers may incur a fee) and are usually processed in 1-2 business days.
Pepperstone Trading Platforms
Pepperstone has thought well about its platform offering. Rather than creating their own, they partnered with the best white label providers, offering their UAE clients a greater choice from the standard MT4 & MT5 platforms. Pepperstone clients in the UAE can choose from:
❐ MT4 and MT5
Two of the most popular platforms used by traders globally. MetaTrader 4 and MetaTrader 5 with AvaTrade offers clients a range of order types, technical analysis tools and automated trading options, great for experienced traders.
❐ cTrader
Pepperstone is one of the few brokers that offers the cTrader platform for traders. cTrader is an excellent and more user-friendly alternative to MT4, and is available for desktop and web. Pepperstone also offers its very own cTrader mobile app for Apple and Android devices.
❐ TradingView
Pepperstone has partnered with TradingView, the renowned social charting platform, allowing Pepperstone traders in the UAE to take advantage of advanced charts and analysis, super user-friendly interfaces, powerful trading tools and the world’s largest social network of traders.
❐ MT4 and MT5
Two of the most popular platforms used by traders globally. MetaTrader 4 and MetaTrader 5 with AvaTrade offers clients a range of order types, technical analysis tools and automated trading options, great for experienced traders.
❐ cTrader
Pepperstone is one of the few brokers that offers the cTrader platform for traders. cTrader is an excellent and more user-friendly alternative to MT4, and is available for desktop and web. Pepperstone also offers its very own cTrader mobile app for Apple and Android devices.
❐ TradingView
Pepperstone has partnered with TradingView, the renowned social charting platform, allowing Pepperstone traders in the UAE to take advantage of advanced charts and analysis, super user-friendly interfaces, powerful trading tools and the world’s largest social network of traders.
Features
Pepperstone
Demo account
Copy trading
Trading signals
Algorithmic trading
Zero commission
Swap free accounts
MT4/MT5
Pepperstone Account Types
Firstly, Pepperstone does offer a 30-day demo account that doesn't use real funds and doesn't require any account approval. This option allows traders to test the waters before investing with real money.
Unlike other brokers, Pepperstone’s approach when it comes to account types is straightforward. Here are the real account types you can choose from when trading with Pepperstone from the UAE.
Standard account
The Standard account is commission-free but comes with a wider spread. As the more straightforward account type, it is recommended for beginner traders. With Pepperstone’s Standard account, you can trade using the MT4, MT5 and Capitalise.ai platforms.
Razor account
The Razor account is better for more advanced traders, scalpers, having much tighter spreads plus commission based on volume. With the Razor account, Pepperstone traders in the UAE can trade on MT4, MT5, cTrader, Capitalize.ai and TradingView.
Unlike other brokers, Pepperstone’s approach when it comes to account types is straightforward. Here are the real account types you can choose from when trading with Pepperstone from the UAE.
Standard account
The Standard account is commission-free but comes with a wider spread. As the more straightforward account type, it is recommended for beginner traders. With Pepperstone’s Standard account, you can trade using the MT4, MT5 and Capitalise.ai platforms.
Razor account
The Razor account is better for more advanced traders, scalpers, having much tighter spreads plus commission based on volume. With the Razor account, Pepperstone traders in the UAE can trade on MT4, MT5, cTrader, Capitalize.ai and TradingView.
Pepperstone Research & Education
Research
Pepperstone offers a useful range of useful online resources, market analysis and research. In terms of market analysis, Pepperstone offers the following resources:
Education
Pepperstone caters well towards new traders that require assistance when it comes to learning how to trade.
In terms of its educational materials, Pepperstone offers its clients a range of educational videos and 20+ guides for new starters, with topics including risk management, MT4 & MT5, margin, leverage and other basics along those lines.
Pepperstone also offers monthly webinars and comprehensive trading guides such as:
In addition, Pepperstone has some great quality educational videos and webinars uploaded on its Youtube channel for traders to benefit from.
Pepperstone offers a useful range of useful online resources, market analysis and research. In terms of market analysis, Pepperstone offers the following resources:
- ‘The Trade Off’ – a weekly debate/discussion on the financial markets.
- Navigating Markets - Daily articles covering the latest market news
- The Daily Fix - Newsletter from Pepperstone's Head of Research, providing timely market news/economic data needed to place informed trades.
Education
Pepperstone caters well towards new traders that require assistance when it comes to learning how to trade.
In terms of its educational materials, Pepperstone offers its clients a range of educational videos and 20+ guides for new starters, with topics including risk management, MT4 & MT5, margin, leverage and other basics along those lines.
Pepperstone also offers monthly webinars and comprehensive trading guides such as:
- How to trade forex
- How to trade shares
- How to trade crypto
- How to trade CFDs
In addition, Pepperstone has some great quality educational videos and webinars uploaded on its Youtube channel for traders to benefit from.
Pepperstone Regulation
Pepperstone is considered a highly safe broker both in the UAE and worldwide. Pepperstone is regulated by top tier financial regulators including the ASIC, FCA, CySEC and CMA. In the UAE, Pepperstone is regulated by the Dubai Financial Services Authority (DFSA).
Pepperstone Customer Support
Pepperstone offers great and highly accessible customer support for trading clients, and can be contacted in several ways with the broker’s 24/5 support.
Live chat is available 24 hours a day along with the broker’s phone customer support, with e-mail support also available. An added advantage for traders in the UAE is Pepperstone's local office located in Dubai in DIFC.
Overall, the Pepperstone support team is extremely helpful and will also assign you a dedicated account manager in most cases.
Pepperstone’s focus on client satisfaction earned this broker the Investment Trends “Overall Client Satisfaction Award 2022”.
Live chat is available 24 hours a day along with the broker’s phone customer support, with e-mail support also available. An added advantage for traders in the UAE is Pepperstone's local office located in Dubai in DIFC.
Overall, the Pepperstone support team is extremely helpful and will also assign you a dedicated account manager in most cases.
Pepperstone’s focus on client satisfaction earned this broker the Investment Trends “Overall Client Satisfaction Award 2022”.
Pepperstone FAQs
With a good trading strategy, it is possible to become of the thousands of profitable Pepperstone traders. However you should also be aware that trading comes with risk, and there is always the chance that your trades can move against you.
Yes, Pepperstone is completely legal in the UAE and is even regulated in the UAE by the Dubai Financial Services Authority (DFSA).
Yes, Pepperstone is rated as a highly safe and secure broker as the broker is regulated by several top tier regulators.
Pepperstone: The Bottom Line
Overall, Pepperstone has established itself as one of the UAE’s most popular online brokers, specializing in CFD trading with low spreads and excellent support. Some of the top advantages we picked out when trading with Pepperstone is the broker's lower spreads compared to the industry average, zero deposit and withdrawal fees, fast account opening and no inactivity fees.
On the other hand, we found that Pepperstone is still limited to CFD trading and is not suitable if you want to invest physically in stocks, crypto or other assets. Copy trading is also not permitted with Pepperstone for UAE traders.
All in all, we highly recommend this broker if you’re a CFD trader just starting out.
On the other hand, we found that Pepperstone is still limited to CFD trading and is not suitable if you want to invest physically in stocks, crypto or other assets. Copy trading is also not permitted with Pepperstone for UAE traders.
All in all, we highly recommend this broker if you’re a CFD trader just starting out.
