

Market - The simplest order where a trader signals that their trade request should be executed at the prevailing market rate.GSLOs protect the trader from market gap risk and many brokers are willing to offer it (for an additional charge) and accept the risk themselves. Pepperstone does not offer guaranteed stop loss orders (GSLO) for anyone.This means that a client can lose more than their account balance and end up owing money to the broker. Pepperstone does not offer "negative balance protection" for non-U.K./E.U.regulatory agencies (NFA, CFTC), is widely considered to be the preeminent regulatory body. This would be a red flag were it not for the fact that the company is regulated by the FCA which, along with U.S.

clients due to regulatory constraints, which precludes it from truly being considered a global broker. While Pepperstone's website has an intuitive feel, there are a few pages with either incorrect, outdated, and/or incomplete information. One of the hallmarks of an efficient organization, especially in 2020, is its web presence. Website maintenance leaves a lot to be desired.Pepperstone offers clients the choice between MetaTrader 4/5 and cTrader, a higher-end system with direct liquidity-provider pricing and advanced technical features that include detachable charts, back-testing, and algorithmic strategy support.The catalyst was most likely the SNB event of Januthat roiled the markets, especially the highly leveraged retail FX market. This has become a fairly important feature that most online brokers are offering these days. Pepperstone offers "negative balance protection" but only for its U.K.Additionally, all client funds are held at Tier 1 banks. Traders accept the risk that is inherent in markets but they would like the peace of mind knowing that their funds are not subject to risks outside of the ones that they are taking, such as counter-party risk. Simply put, being regulated by a reputable government-backed agency goes a long way towards establishing the credibility of a firm. and is highly regarded globally for being strict in ensuring that market practices are fair for both individuals and businesses. Pepperstone is regulated by the Financial Conduct Authority (FCA #684312) which is one of the main regulatory agencies in the U.K.This is very competitive in the retail FX brokerage space. Pepperstone advertises minimum FX spreads starting from one pip but no commission for the "Standard" account, or zero spread but with commission for the "Razor" account.
