Pepperstone Bonus Programs - TU Expert review
Bonus programs offered are an important factor for a trader when choosing a broker. The companies can make special offers for beginners as well as experienced traders. Bonus programs depend on a specific broker and they can differ substantially. Traders Union analysts have prepared a review of Pepperstone bonus program. You will learn about the available special offers and conditions of the brokers.
Brief introduction of Pepperstone
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia,
by professional traders who were not satisfied with the quality of services provided by most brokers. The founders
decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders,
etc. The founders therefore focused on improving the technical component. The company has set itself the goal of
changing the “rules of the game” and setting the bar high for online trading.
Today, Pepperstone offers clients all over the world some of the best technological solutions and favorable trading
conditions. The company also provides professional tools that help traders not only master the fine art of trading,
but also significantly increase trading efficiencies. In addition, Pepperstone’s platform is scrutinized by seven
regulatory authorities, including ASIC (Australian Securities and
Investments Commission, AFSL No.414530), FCA (UK Financial
Conduct Authority, 684312), DFSA
(F004356), BaFin (151148), CMA (128), SCB
(SIA-F217), and CySec (388/20). Moreover,
with Pepperstone, clients' assets are maintained in aggregated accounts with several major, global banking
institutions. These facts confirm the reliability of the company and guarantee the safety of the client's capital.
| 💻 Trading platform: |
cTrader, TradingView, MetaTrader 4 and MetaTrader 5
|
| 📊 Accounts: |
Razor, Standard
|
| 💰 Account currency: |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD
|
| 💵 Replenishment / Withdrawal: |
Visa, Mastercard, bank accounts, PayPal, Neteller, Skrill, BPay, Union Pay, EMPESA
|
| 🚀 Minimum deposit: |
$1
|
| ⚖️ Leverage: |
Up to $400:1 retail, 500:1 Pro
|
| 💼 PAMM-accounts: |
Yes
|
| 📈️ Min Order: |
0.01 lot
|
| 💱 Spread: |
from 0.0 pips
|
| 🔧 Instruments: |
CFDs on Forex, Index, Stocks, Currency Indices, Commodities, ETFs, Crypto
|
| 💹 Margin Call / Stop Out: |
90% / 20%
|
| 🏛 Liquidity provider: |
Barclays, HSBC
|
| 📱 Mobile trading: |
Yes
|
| ➕ Affiliate program: |
Yes
|
| 📋 Orders execution: |
Instant (30 ms)
|
| ⭐ Trading features: |
Trading using advisors; Auto copying; Scalping; Hedging; Trading on the news are allowed.
|
| 🎁 Contests and bonuses: |
No
|
Pepperstone Pros and Cons
👍 Advantages of trading with Pepperstone:
•Attractive trading conditions;
•Fast order execution - 30 ms on average;
•1,200+ trading instruments;
•Low fees; and
•No inactivity fee.
👎 Disadvantages of Pepperstone:
•Support service works only 24/5;
•No cent account;
•Not available to US clients;
•Limited passive trading opportunities;
•Limited analytical materials available on the site. The only way to resolve this issue is to connect to trading signals;
•No news section; and
•Demo accounts can only trade for free for one month only.
What kind of bonuses are there?
Forex brokers can offer a wide variety of bonuses.
The main types of bonuses are:
-
Welcome Bonus. Traders can receive additional funds for registration and for making the first deposit.
-
No Deposit Bonus. Brokers provide this kind of reward to the clients for just registration.
-
Deposit Bonus. This is a reward for each deposit made to the account.
Also, brokers may hold various promotions and prize draws that are valid for a specific period of time. In addition, some companies hold competitions among traders with a certain prize pool.
Brokers similar to Pepperstone
In addition to bonuses, you need to also take into consideration trading conditions. Traders Union analysts have prepared a comparison of Pepperstone with similar brokers. In this analysis, traders can learn in detail the trading conditions of Pepperstone and compare these conditions with competing brokers.
Comparison of Pepperstone with other Brokers
| Pepperstone | RoboForex | Pocket Option | Exness | AMarkets | |
|---|---|---|---|---|---|
Trading platform |
MT4, MobileTrading, WebTrader, cTrader, MT5, TradingView |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5, AMarkets App |
Min deposit |
$1 |
$10 |
$5 |
$10 |
$100 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
Spread |
From 0 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
Execution of orders |
Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
No deposit bonus |
No |
No |
No |
No |
No |
Cent accounts |
No |
Yes |
No |
No |
No |
Pepperstone is particularly suitable for novice market participants as well as more seasoned trading professionals. In general, the Pepperstone platform offers everything novice traders need for comfortable trading such as favorable conditions, reliability, a wide selection of trading options, along with an assortment of first rate educational materials.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
AMarkets is a broker that is more suitable for professional trading. Everything here is designed to accommodate trading with EAs and that is the broker’s strength. The weakness of the broker is that it won’t be easy for traders without experience to work here.
Comparison of bonus programs of brokers similar to Pepperstone
Many brokers have bonus programs, not only Pepperstone. You can choose the most suitable option, depending on your trading experience and needs. Traders Union analysts have prepared a comparison of bonus programs of Pepperstone and similar companies.
| Bonus type | Pepperstone | RoboForex | Pocket Option | Exness | AMarkets |
|---|---|---|---|---|---|
Bonuses |
No |
Welcome bonus $30 Classic first deposit bonus up to 120% |
Welcome bonus 50% when opening a real account |
Not offered |
No |
Affiliate Program |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
Up to 40% of trading commissions |
Two types of programs: partner and representative. Commission from profit - up to 80% |
40% of trading commissions |
No |
Other |
Active trader program - Members of the program are paid a daily rebate, which allows them to offset part of their costs. The amount of the rebate depends on the number of trades performed by the trader per month. The rebate for one currency lot is 15%. What’s more, active traders get priority support and free VPS hosting. |
No |
Tournaments with a minimum deposit of 1 USD and a prize pool of 100-250 USD. There are free tournaments |
No |
No |
Conclusions
Pepperstone Bonus program is well developed. The broker offers a large number of various incentives for the clients. There are special offers for beginners and for experienced traders. The bonus program looks attractive also when compared to the competitors. Therefore, if a client is looking for a broker with a good bonus program, Pepperstone is certainly a broker to consider.
FAQs
What do I need to take notice of when choosing a broker?
When choosing a broker, consider the conditions the broker offers. They may turn out to be unacceptable. Also assess the size of the bonus and the rules for its withdrawal.
Is it possible to withdraw bonus money?
It depends on the conditions of the broker. Some brokers allow traders to do it under certain conditions, and some allow to use the bonus only for trading, while also allowing to withdraw only profit earned with the use of bonuses.
Can I refuse to accept a bonus?
Yes. Refusing a bonus is a trader’s right. If the conditions are unacceptable for you, there is no sense in agreeing to them.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!