Pepperstone Review
Overall, Pepperstone is considered low-risk, with an overall Trust Score of 92 out of 100. Pepperstone is licensed by three Tier-1 Regulators (high trust), three Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). Pepperstone is currently not regulated by the Bank of Tanzania.
- Lesche Duvenage
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Min Deposit
USD 10 / 320,000 TZS or an equivalent to AU$200
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradingView
Crypto
No
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128
Pepperstone Review – 24 key points quick overview:
- Pepperstone Overview
- Pepperstone At a Glance
- Pepperstone Regulation and Safety of Funds
- Pepperstone Account Types and Features
- How to open an Account with Pepperstone
- Pepperstone Markets VS CM Trading VS LiteFinance- Broker Comparison
- Pepperstone Trading Platforms
- Pepperstone Range of Markets
- Broker Comparison for Range of Markets
- Pepperstone Trading and Non-Trading Fees
- Pepperstone Deposits and Withdrawals
- How to Deposit Funds with Pepperstone
- Pepperstone Fund Withdrawal Process
- Pepperstone Education and Research
- Pepperstone Bonuses and Promotions
- How to open an Affiliate Account with Pepperstone
- Pepperstone Affiliate Program Features
- Pepperstone Customer Support
- Pepperstone Corporate Social Responsibility
- Verdict on Pepperstone
- Pepperstone Current Popularity Trends
- Pepperstone Pros and Cons
- Frequently Asked Questions
- Conclusion
Pepperstone Overview
Pepperstone offers two different retail trading accounts namely a Standard Account and a Razor Account.
2010 saw the launch of Pepperstone, which has its headquarters in Australia while holding several global offices in Australia, the UK, Germany, Bahamas, Dubai, Kenya, and Cyprus.
Over its 12 years in operation in the forex and CFD industry, Pepperstone has seen meteoric expansion throughout the last few years, making it one of the most significant forex and CFD brokers in the whole globe. In addition, Pepperstone is also held in extremely high respect by seasoned investors as well as industry experts overall.
Pepperstone is very well-liked among forex traders because its spreads are among the lowest in the world. However, many believe that the platform is more geared toward those who trade CFDs.
This Pepperstone review for Tanzania will provide local retail traders with the details that they need to consider whether Pepperstone is suited to their unique trading objectives and needs.
Pepperstone accepts Tanzanian clients and charges an average spread of 0.0 pips with an AU$7 commission round turn. Pepperstone has a maximum leverage ratio up to 1:400, and there is a demo and Islamic account available.
MT4, MT5, cTrader, TradingView, Myfxbook, and DupliTrade platforms are supported. Pepperstone is headquartered in Australia and regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB.
Pepperstone Distribution of Traders
Pepperstone currently has the largest market share in these countries:
Australia – 9%
Hong Kong – 8%
Brazil – 7.7%
United Kingdom – 6.2%
Mongolia – 5.9%
Popularity among traders who choose Pepperstone
Pepperstone is one of the largest brokers in the world according to trading volume and deals executed, and while Pepperstone is focused on the larger trading centres in the world, it is a viable option for Tanzanian options based on security, comprehensive offers, and trading conditions. This means that Pepperstone forms part of the Top 30 brokers for Tanzanian traders.
Pepperstone At a Glance
🏛 Headquartered | Melbourne, Australia with offices globally |
🏙 Local office in Dodoma? | No |
✅ Accepts Tanzanian Traders? | Yes |
🗓 Year Founded | 2010 |
📞 Tanzanian Office Contact Number | None |
🤳 Social Media Platforms | • Facebook • YouTube |
⚖️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
🪪 License Number | • Bahamas – 177174 B • Australia – ACN 147055703, AFSL 414530 • United Kingdom – 684312 • Cyprus – HE 398429 • Kenya – CMA Licence Number 128 • Dubai – DFSA F004356, DIFC 3460 • Germany – 151148 |
⚖️ BoT Regulation | No |
🚫 Regional Restrictions | United States, Canada, Iran, Japan, Iraq, Zimbabwe, Yemen, and others |
☪️ Islamic Account | Yes |
💻 Demo Account | Yes |
🛍 Retail Investor Accounts | 2 |
📊 PAMM Accounts | No, only MAM for fund managers |
🤝 Liquidity Providers | Barclays, HSBC |
💸 Affiliate Program | Yes |
📲 Order Execution | Sucden Financial Limited, IS Prime Limited, LMAX Limited, GAIN Capital, Jefferies Financial Services, Inc. (Morgan Stanley, Morgan Chase) |
📊 Average spread | Variable, from 0.0 pips EUR/USD |
📞 Margin Call | 90% |
🛑 Stop-Out | 20% |
✅ Crypto trading offered? | Yes |
💰 Offers a TZS Account? | No |
👨💻 Dedicated Tanzanian Account Manager? | No |
📊 Maximum Leverage | 1:400 |
🚫 Leverage Restrictions for Tanzania? | No |
💰 Minimum Deposit | 320,000 TZS or an equivalent to AU$200 |
✅ Tanzanian Shilling Deposits Allowed? | No |
📊 Active Tanzanian Trader Stats | 50,000+ |
👥 Active Tanzanian-based Pepperstone customers | Unknown |
💳 Tanzania Daily Forex Turnover | Unknown, overall Forex Daily Trading Volume is over $6.6 Trillion |
💵 Deposit and Withdrawal Options | • Visa • Mastercard • Bank transfer • MPESA • Paypal |
⏰ Minimum Withdrawal Time | Yes |
💵 Instant Deposits and Instant Withdrawals? | Yes |
🏦 Segregated Accounts with Tanzanian Banks? | No |
🕐 Maximum Estimated Withdrawal Time | Up to 5 Working Days |
📊 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • cTrader • TradingView • Myfxbook • DupliTrade • MetaTrader Signals |
✔️ Tradable Assets | • Forex • Shares CFDs • ETFs CFDs • Indices CFDs • Commodities CFDs • Currency Indices CFDs |
💸 Offers USD/TZS currency pair? | No |
📈 USD/TZS Average Spread | N/A |
📉 Offers Tanzanian Stocks and CFDs | None |
🗣 Languages supported on Website | English, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, Laotian, German, Polish |
📞 Customer Support Languages | Multilingual |
⏰ Customer Service Hours | 24/5 |
👥 Customer Support Languages | Multilingual |
✅ Bonuses and Promotions for Tanzanians | None |
📚 Education for Tanzania beginner traders | Yes |
📱 Proprietary trading software | No |
💰 Most Successful Tanzanian Trader | Unknown |
✅ Is Pepperstone a safe broker for Tanzanians? | Yes |
📊 Rating for Pepperstone Tanzania | 9/10 |
🤝 Trust score for Pepperstone Tanzania | 92% |
👉 Open an account | 👉 Open Account |
Min Deposit
USD 10 / 320,000 TZS or an equivalent to AU$200
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradingView
Crypto
No
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128
Pepperstone Regulation and Safety of Funds
Pepperstone Regulation in Tanzania
Even though Pepperstone is not regulated by the Bank of Tanzania or any other local authorities, the broker is approved and regulated by a few other well-known market regulators throughout the globe.
Pepperstone Global Regulations
The Financial Conduct Authority (FCA) regulates Pepperstone Limited (UK).
The Australian Securities and Investment Commission (ASIC) regulates and oversees Pepperstone Group Limited.
The Dubai Financial Services Authority (DFSA) regulates Pepperstone Financial Services (DIFC) Limited in Dubai.
The Securities Commission of the Bahamas is a Tier-3 regulator that oversees Pepperstone Markets Limited.
The Cyprus Securities and Exchange Commission (CySEC) is the Tier-2 market regulator in Cyprus that oversees Pepperstone EU, Ltd.
In Germany, Pepperstone GmbH is well-regulated and overseen by Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin).
Lastly, Pepperstone Markets Kenya Limited is overseen and well-regulated by the Tier-2 Capital Markets Authority (CMA).
Pepperstone Client Fund Security and Safety Features
Under international and local licenses, Pepperstone must adhere to high capital requirements, adopt, and adhere to strong internal processes. This includes:
Client money protection
Risk management
Anti-money laundering (AML)
Know Your Customer (KYC)
Overall Training
Conduct
Accounting
External Audits
The cash belonging to Pepperstone’s customers is kept in separate bank accounts as part of the company’s commitment to providing the highest level of security possible for those customers’ money.
In addition, Pepperstone is extremely proud of the superb regulatory and compliance culture that it has established.
Pepperstone Account Types and Features
Pepperstone’s two dynamic retail account types for customers in Tanzania are the Standard Account and the Razor Account.
The Professional Account, however, is reserved for Tanzania traders with extensive trading experience. Both retail accounts were established to meet the requirements and achieve the objectives of a diverse group of traders.
In addition, Tanzania traders can open an unlimited demo account, which can be used to practice trading and test trading strategies in a risk-free environment for an additional 30 days after registration.
Pepperstone also provides Muslim traders with the opportunity to convert their live trading account into an Islamic Account. This is done to ensure that Muslims have access to global markets.
Pepperstone Live Trading Accounts
Standard Account
The Standard account is the most suitable option for most Tanzania traders, especially beginners and those who transact an average trading volume.
Account Feature | Value |
💰 Minimum Deposit | 320,000 TZS or an equivalent to AU$200 |
💸 Minimum Trading Size | 0.01 lots |
📉 Maximum Trading Size | 100 lots in a single trade |
💰 Base Account Currency | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD |
💵 Trading Strategies Supported | All including scalping, hedging, and Expert Advisors (EAs) |
🗞 News Trading Offered? | Yes |
✔️ Trade Execution | No-Dealing Desk (NDD) |
📊 Average EUR/USD Spread | From 0.6 pips |
💵 Commissions | None |
💰 Rollover Swaps | Yes, according to the market rates |
📊 Maximum Leverage per region | • Australia – 1:30 • Bahamas – 1:200 • Cyprus – 1:30 • Dubai – 1:30 • Germany – 1:30 • Kenya – 1:400 • United Kingdom – 1:30 |
⚖️ Negative Balance Protection Offered | Yes, only for retail clients |
🛑 Margin Close-Out (%) | 50% |
🔧 Trading Instruments offered | 1,200+ |
💻 Trading Platforms offered | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade, MetaTrader Signals |
Razor Account
Scalpers and algorithmic traders in Tanzania will find that the spreads on the Razor account are the tightest available in the industry.
Account Feature | Value |
💰 Minimum Deposit | 320,000 TZS or an equivalent to AU$200 |
💸 Minimum Trading Size | 0.01 lots |
📉 Maximum Trading Size | 100 lots in a single trade |
💰 Base Account Currency | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD |
💵 Trading Strategies Supported | All including scalping, hedging, and Expert Advisors (EAs) |
🗞 News Trading Offered? | Yes |
✔️ Trade Execution | No-Dealing Desk (NDD) |
📊 Average EUR/USD Spread | Between 0.0 pips and 0.3 pips |
💵 Commissions | From AU$7 round turn on 100,000 traded |
💰 Rollover Swaps | Yes, according to the market rates |
📊 Maximum Leverage per region | • Australia – 1:30 • Bahamas – 1:200 • Cyprus – 1:30 • Dubai – 1:30 • Germany – 1:30 • Kenya – 1:400 • United Kingdom – 1:30 |
⚖️ Negative Balance Protection Offered | Yes, only for retail clients |
🛑 Margin Close-Out (%) | 50% |
🔧 Trading Instruments offered | 1,200+ |
💻 Trading Platforms offered | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade, MetaTrader Signals |
Professional Account
Tanzania traders who have already established a successful track record in the marketplace are rewarded with additional benefits, rewards, and privileges. The following are some of the advantages of having a professional account with Pepperstone:
The ability to use leverage of up to 1:500
Access to a dedicated Account Manager
Margin close-out of 20% on both MetaTrader 4 and 5
Margin close-out of 50% while on cTrader
To be eligible for the Pepperstone Pro Account, Tanzania traders must satisfy the following criteria:
Tanzania traders must display their expertise in the Sophisticated Investor Test by taking a brief online examination.
A trading record of at least AU$50,000 or at least twenty times per quarter during the preceding four quarters, in addition to relevant experience in the financial industry, is required to qualify for a license to trade leveraged instruments.
To further meet these requirements, Tanzanians must have maintained either a net worth of at least AU$2.5 million or a gross yearly income of at least $250,000 throughout the previous two years.
In addition, when Tanzania traders qualify for a professional account, the following safeguards will subsequently be removed:
Leverage restrictions
Compulsory margin close-outs
Negative balance protection
Retail disclosure information
Pepperstone Base Account Currencies
When Tanzanians register a live trading account with Pepperstone, they must note that they can only select from these base currency options:
AUD
USD
JPY
GBP
EUR
CAD
CHF
NZD
SGD
HKD
Pepperstone Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and Pepperstone offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market condition
Pepperstone provides potential traders with unrestricted access to a demo account that may be used to practice trading in real-time. The MT4, MT5, TradingView and cTrader trading platforms each provide a comprehensive range of fully customizable trading tools and features, which new traders may investigate and use to improve their trading success.
Pepperstone Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
Muslims who carry out trading activities while simultaneously following the Sharia law are the ideal candidates for Pepperstone’s Islamic Account. The law forbids charging any sort of interest, including overnight fees since these are considered exploitive and wasteful.
Muslim traders who are eligible for an Islamic Account with Pepperstone originate from these regions:
Albania
Azerbaijan
Bangladesh
Burkina Faso
Bahrain
Brunei
Nigeria
Brunei Darussalam
Algeria
Egypt
Guinea
Indonesia
Jordan
Kyrgyzstan
Kuwait
Morocco
Mauritania, and several other Islamic regions.
How to open an Account with Pepperstone
To register an account with Pepperstone, Tanzania traders can follow these steps:
When you create a login on the Pepperstone website, you will be prompted to enter your email address and choose a password.
The second stage is taking the Pepperstone suitability examination. Pepperstone’s customer support will utilize this brief questionnaire to determine if trading CFDs is suitable for you.
The third stage is identity verification. Pepperstone will want two forms of identification from you. The quickest method to deliver these papers is by simply taking a photo with a mobile phone.
Tanzania traders must upload a primary ID and a picture ID (passport, driver’s license, or ID card) (a bank or utility statement with your full name and address dated in the last three months). Tanzanians must note that Pepperstone does not accept black-and-white photographs, scanned copies, fuzzy, or damaged identification papers.
Once your application has been granted, you may log in and deposit funds in the base currency of your choice.
Pepperstone Markets VS CM Trading VS LiteFinance- Broker Comparison
Pepperstone Markets | CM Trading | LiteFinance | |
⚖️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB | FSA, FSCA | CySEC |
📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • cTrader • TradingView • Myfxbook • DupliTrade | • MetaTrader 4 • CM Trading Web • CopyKat • Expert Advisors • Trading Apps | • MetaTrader 4 • MetaTrader 5 • LiteFinance Mobile App |
💰 Withdrawal Fee | No | Yes | No |
📊 Demo Account | Yes | Yes | Yes |
📈 Minimum Deposit | 320,000 TZS | 243,997 TZS | 119,980 TZS |
📈 Leverage | 1:400 | 1:200 | 1:500 |
📊 Spread | Variable, from 0.0 pips | Fixed, from 0.9 pips | 0.0 pips |
💰 Commissions | From AU$7 | None | From $0.25 per lot on Oil |
✴️ Margin Call/Stop-Out | 90%/20% | From 20% | 100%/20% |
✴️ Order Execution | Market | Market | Market |
💳 No-Deposit Bonus | No | No | No |
📊 Cent Accounts | No | No | No |
📈 Account Types | • Standard Account • Razor Account | • Bronze Account • Silver Account • Gold Account • Premium Account | • ECN Account • Classic Account |
⚖️ BoT Regulation | Yes | No | No |
💳 TZS Deposits | No | No | No |
📊 TZS Account | No | No | No |
👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
📊 Retail Investor Accounts | 2 | 4 | 2 |
☪️ Islamic Account | Yes | Yes | Yes |
Min Deposit
USD 10 / 320,000 TZS or an equivalent to AU$200
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradingView
Crypto
No
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128
Pepperstone Trading Platforms
Pepperstone provides a vast array of online trading platforms, including the famous MetaTrader 4 for Windows, Mac, and mobile devices.
In addition, Pepperstone provides TradingView, Myfxbook, MetaTrader Signals DupliTrade, cTrader, WebTrader, and iPhone/Android mobile applications for trading the markets from anywhere, with dependable platforms and lightning-fast execution rates.
You can undertake in-depth market research and trade more effectively with the assistance of Pepperstone’s advanced trading platforms, which are offered at no cost to customers. These platforms include tools that mimic those used by industry professionals.
In addition, Tanzanians can use these user-friendly programs for everything from the most fundamental trading to the most intricate market analysis, regardless of whether you are just starting or are a seasoned trader.
It does not matter what kind of trader you are; they may be completely adapted to your preferences and requirements. Pepperstone offers Tanzania traders a choice between these trading platforms:
MetaTrader 4
MetaTrader 5
cTrader
TradingView
Myfxbook
DupliTrade
MetaTrader Signals
Desktop Platforms
MetaTrader 4
MetaTrader 5
cTrader
MetaTrader 4
MT4 is without a doubt the most popular trading platform in the world, and it is used by millions of traders with varying degrees of expertise all over the world.
The Russian software firm MetaQuotes is responsible for developing it, and it is well-known for its intuitive interface. While there are dozens of free trading tools and technical indicators accessible online, MT4 comes equipped with a vast selection of them already incorporated.
MetaTrader 5
The MT5 trading platform is an upgraded version of the MT4 platform that keeps the majority of MT4’s capabilities while adding new ones and expanding its capability.
Despite this, a substantial number of traders continue to use MT4 owing to its user-friendliness and the wide variety of add-ons that have already been created and are readily accessible.
cTrader
Professional online trading is available via cTrader, which has an easy trading platform design that mimics the atmosphere of an institutional trading environment.
Because of its straightforward and uncomplicated user interface, it is also an excellent choice for those who are just beginning their careers. If this is essential to you, it also offers more advanced automated functions that you may make use of.
WebTrader Platforms
MetaTrader 4
MetaTrader 5
cTrader
TradingView
Myfxbook
DupliTrade
MetaTrader 4
If you are simply a casual trader looking for a fast and straightforward way to enter the markets, you should find that MT4 is more than enough to meet your needs. That platform provides superior features and capabilities to both beginner and professional Uganda traders.
Additionally, if you wish to extend the capabilities of the platform beyond the defaults, you may discover many tools to help you do so in the MQL marketplace. With MT4, you can:
Obtain bid/ask prices in real-time from the market watch window in the terminal
Access three chart types with nine different timeframes
Access several markets, pending, and limit order
Customize charts and indicators
Develop and employ various automated trading strategies, also known as Expert Advisors, that can be developed in MQL5
MetaTrader 5
The MT5 trading platform is an upgraded version of the MT4 platform that keeps the majority of MT4’s capabilities while adding new ones and expanding its capability.
The MT5 platform allows users to adopt hedging methods, which makes it possible to establish many positions at the same time. This is done primarily to cut down on risk. Forex traders consistently make use of this feature.
cTrader
cTrader is neat and appealing to the eye. It also has an uncomplicated design that is quite straightforward to use. The designers have put in a lot of work to make sure that every aspect of the platform is easy to understand and use.
Additionally, cTrader has some of the following unique features:
cTrader caters for both beginner and professional traders
Traders can easily control slippage and their order fills by using cTrader features
Traders can access FIX API and can code in C# using cTrader Automate
There are several customizable charting options
There are adjustable session times
There is a comprehensive depth of market function offered
Traders also have access to cTrader algo, social and copy trading, and cloud-hosted profiles
TradingView
TradingView was recently introduced to the collection of trading tools offered by Pepperstone. TradingView is offered at no cost to traders who register for a real account with the platform.
It is an especially useful device for investigating, charting, and screening any kind of equipment. TradingView, a product offered by Pepperstone, also includes the following additional features:
50+ clever charting tools
Over 100,000 individualized, user-built indicators and scripts
A layout that is synchronized across several charts
Myfxbook
Myfxbook AutoTrade is a service that mirrors your trading account and lets you mimic the trades of the most successful forex trading systems out there. Make your own investments without having to pay any performance or management fees by building your own portfolio.
Even better, since AutoTrade operates on its own dedicated servers, you do not need to install any software on your end to use it.
DupliTrade
Pepperstone allows its customers to diversify their assets via the use of DupliTrade, a prominent trading technique marketplace that enables automated trading.
You can easily expand your trading skills and get a fundamental comprehension of how professionals trade by using DupliTrade’s signals, which are generated by expert traders.
Trading App
MetaTrader 4
MetaTrader 5
cTrader
TradingView
MetaTrader 4
If you are looking for a forex trading program that can assist you in developing your trading skills, there is no better option than MT4.
This platform does not simply contain the greatest analytical tools available on the market; in addition to that, it collaborates with hundreds of brokers and provides excellent tools for first-time traders, such as copy trading and demo accounts.
MetaTrader 5
Mobile trading with MetaTrader 5 for Android enables you to access the Foreign Exchange (Forex) and Stock Exchange (Exchange) markets from your smartphone or tablet in a convenient manner.
You can easily access your Pepperstone account from anywhere in the world, which enables you to do tasks such as analysing quotations of currencies, stocks, and other exchange instruments and carrying out trading operations.
cTrader
The mobile version of the cTrader trading platform is the solution to the issue of whether it is feasible to begin trading on smartphones without reducing the functionality of the platform to a bare minimum.
Not only is the cTrader mobile platform attractively better than its rivals, but it also offers greater functionality. Users may also rely on very user-friendly controls and an impressive assortment of features.
Pepperstone Range of Markets
Tanzania traders can expect the following range of markets from Pepperstone:
Forex
Shares CFDs
ETFs CFDs
Indices CFDs
Commodities CFDs
Currency Indices CFDs
Broker Comparison for Range of Markets
Pepperstone Markets | CM Trading | LiteFinance | |
➡️️ Forex | Yes | Yes | Yes |
➡️️ Precious Metals | Yes | Yes | Yes |
➡️️ ETFs | Yes | No | No |
➡️️ CFDs | Yes | Yes | Yes |
➡️️ Indices | Yes | Yes | Yes |
➡️️ Stocks | Yes | Yes | Yes |
➡️️ Cryptocurrency | No | Yes | Yes |
➡️️ Options | No | No | No |
➡️️ Energies | Yes | Yes | Yes |
➡️️ Bonds | No | No | No |
Min Deposit
USD 10 / 320,000 TZS or an equivalent to AU$200
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradingView
Crypto
No
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128
Pepperstone Trading and Non-Trading Fees
Spreads
The spreads that traders can expect from Pepperstone will depend on the account type that traders choose. The Standard Account offered by Pepperstone features a variable spread with a mark-up, ensuring that there are no commission charges on this account.
However, with the Razor Account, traders can expect spreads from 0.0 pips on EUR/USD, which is why this account is perfect for scalpers and other traders who need tight spreads for their unique trading strategies.
In addition, the Islamic Account that is offered to certain regions exempts traders from overnight fees, which is why the spreads on this account are much higher as it allows for Pepperstone to take a broker fee for facilitating the trade.
The typical spreads that Tanzania can expect from Pepperstone are as follows:
Standard Account – from 0.6 pips EUR/USD
Razor Account – between 0.0 pips and 0.3 pips EUR/USD
Islamic Account Option – from between 1 pip and 1.2 pips EUR/USD
Commissions
The Standard Account that is offered by Pepperstone is commission-free, as is the Islamic Account Option. These accounts have a mark-up that is added to the spread, and which covers the broker’s fee.
However, the Razor Account offers zero-pip spreads and is therefore subject to a commission fee from AU$7 per round turn on every 100,000 of the base currency traded.
Overnight Fees, Rollovers, or Swaps
Weekly, the financial institutions of Pepperstone issue swap rates based on risk management and market circumstances. This worldwide investment bank provides Pepperstone with tom next rates. These are regularly revised to reflect the dynamic nature of the tom next market.
Overnight financing is a fee for holding a position in stocks, commodities, cryptocurrencies, metals, or index markets, as well as a swap for FX holdings held beyond rollover. Traders should note that there is a triple swap on CFD Equities and Indices applied every Friday, which will account for positions that are held over the weekend.
Muslim traders who use the Islamic Account offered by Pepperstone must note that there are administration fees charged every 10 days that they hold a position open.
Deposit and Withdrawal Fees
Pepperstone does not charge any deposit or withdrawal fees for most traders despite their country of residence. However, if traders use International Telegraphic Transfer (TT), they will be subject to a fee of AU$20.
Inactivity Fees
Pepperstone does not charge any inactivity fees on inactive accounts.
Currency Conversion Fees
When Tanzania traders deposit or withdraw funds to or from their Pepperstone accounts in any currency other than the base currency that they selected, they could be subject to currency conversion fees.
Other Fees
To be eligible for the Islamic Account, traders must provide evidence of domicile together with their application. This will indicate to regional traders that they qualify for a swap-free account. Traders who use the Islamic Account should note that this account type incurs administrative fees.
The additional admin fee that Islamic traders can expect are as follows:
Cryptocurrencies (Professional Account Only), commodities, equities – 1.5 USD
Index Markets – 10 USD
SpotCrude and SpotBrent – 20 USD
Forex, precious metals on the retail account – 50 USD
Only on the professional account – Crypto10, Crypto20, and Crypto30 – 50 USD
BTC/USD (Professional Account Only) – 125 USD
GER40, FRA40, JPN225, CN50, ETH/USD (Professional Account Only) – 12 USD
US30 – 30 USD
Pepperstone Deposits and Withdrawals
Pepperstone offers the following deposit and withdrawal methods:
Visa
Mastercard
Bank transfer
MPESA
Paypal
How to Deposit Funds with Pepperstone
To deposit funds to an account with Pepperstone, Tanzania traders can follow these steps:
Tanzania traders may fund their trading accounts by logging into their secure Client Area and selecting the “Add Funds” option under the “Funds” menu.
After selecting the account they want to fund, traders will be presented with a variety of deposit choices.
Tanzania traders can choose their chosen deposit method, keeping in mind that it will also be used for withdrawals, indicate the deposit amount, and currency, and complete the transaction.
Pepperstone Fund Withdrawal Process
To withdraw funds from an account with Pepperstone, Tanzania traders can follow these steps:
Traders from Tanzania who have an account with Pepperstone can easily access their money by logging in to the protected Client Area on the website or trading platform and clicking the “Funds” button.
Traders can select the “Withdraw Funds” and they will be presented with a selection of available withdrawal options.
Traders from Tanzania must confirm their withdrawal request within an hour of submitting it by clicking on the link labelled “Accept Withdrawal” that is included in the withdrawal email that traders will receive.
During the last step of the withdrawal procedure, Tanzania traders who have already set up their 2-Factor Authentication (2FA) can confirm the withdrawal by entering the code from their Authenticator app.
Pepperstone Education and Research
Education
Pepperstone offers the following Educational Materials:
Learn to Trade CFDs
Learn to Trade Forex
Learn to Trade Crypto
Learn to Trade Shares
Trading Guides
Webinars
Pepperstone offers Tanzania traders the following Research and Trading Tools:
Market Analysis
Smart Trader Tools for MetaTrader
cTrader Automate
AutoChartist
API Trading
Economic Calendar
Meet the Pepperstone Markets analysts
Pepperstone Bonuses and Promotions
Pepperstone offers Tanzania traders the following bonuses and promotions:
Referral bonus for Professional clients
Referral bonus for Retail traders
How to open an Affiliate Account with Pepperstone
To register an Affiliate Account, Tanzanians can follow these steps:
Visit the Pepperstone website and navigate to the top of the webpage to “Partners.”
Prospective affiliates can click on “Find out more” under affiliates to be redirected to the relevant page.
Prospective affiliates can read through the information and select “Start Earning Today” to get started.
Prospective affiliates can complete the application form and submit it to the Pepperstone team for review.
Once accepted, new affiliates can start accessing Pepperstone’s comprehensive affiliate materials, tracking links, and marketing material.
From here, affiliates can start referring people and expect payment within 30 days for every successful referral to the Pepperstone website.
Pepperstone Affiliate Program Features
The excellent referral program provided by Pepperstone enables partners to expand their businesses by making use of the comprehensive collection of resources and tools made available by the broker.
Affiliates may earn up to $1,300 in CPA with Pepperstone, and one of the benefits of partnering with the company is access to 24/7 real-time reporting.
Pepperstone has a multi-tiered and adaptable CPA framework, which offers support to a broad variety of affiliate setups. This structure is one of the reasons why Pepperstone is so successful.
In addition, the Affiliate Program is great for those who have a substantial following on social media or for anybody else who has huge audiences online.
Pepperstone Customer Support
If you want assistance with technical or account-related problems, Pepperstone’s award-winning customer care is accessible 24 hours a day, 5 days a week over several communication channels.
Pepperstone Corporate Social Responsibility
There is an increasing focus on climate change by leading countries from around the world, organizations, and the United Nations. As a globally-recognized broker, Pepperstone aims to be at the forefront of this movement.
To show its commitment to the environment and CSR, Pepperstone is committed to becoming a Carbon Neutral organization by the end of 2023, and to subsequently set the challenge for all forex and CFD brokers in the industry to do the same.
Pepperstone’s dedication includes the voice and support of workers, the board of directors, shareholders, and the communities in which they live and operate.
Pepperstone has hired Pangolin Associates, a carbon management and sustainability consultant with accreditations in Australia and the United Kingdom, to assess where the company is now and what needs to be done.
Pepperstone will continue to discuss and offer updates on its Carbon Neutral journey, as well as collect input to produce ecologically friendly goods.
Verdict on Pepperstone
Pepperstone is an alternative that traders might seriously consider. It provides a comprehensive trading experience and is far more competitive than other brokers in the community of online FX trading.
Pepperstone is in a league of its own due to the lightning-fast speed of its execution systems. Pepperstone provides a wide range of services, each of which can be accessed via a distinct account type.
In addition, Pepperstone is committed to maintaining its competitive price to ensure the continued financial success of its traders. A fully licensed usage of Pepperstone’s trading platforms, namely the MetaTrader 4 and MetaTrader 5 platforms, is made available to all its customers.
In addition to this, Pepperstone also offers the cTrader and TradingView platform to its customers so that they can compete more effectively in the international market for forex brokers.
Pepperstone has achieved its position as one of the top FX and CFD brokers around the globe because of its widespread popularity, quick expansion, and elevated level of respect within the industry.
Because it offers innovative technology, outstanding support for customers, and an intuitive user interface, Pepperstone is undeniably an appealing choice for individuals who are interested in entering the markets.
Prospective are therefore unlikely to be dissatisfied by the exceptionally strong offerings that are provided by Pepperstone.
Pepperstone Current Popularity Trends
👉 According to Google Trends, Pepperstone has seen an increase in Google Searches in the past month.
Pepperstone Pros and Cons
✔️ Pros | ❌ Cons |
Pepperstone is known for offering low spreads on forex trades on both account types | The Islamic account is not available to all Muslim traders, and it attracts an additional admin fee |
Pepperstone is well-regulated by the likes of FCA, ASIC, DFSA, BaFIN, CMA, SCB, and CySEC | Tanzanian traders face currency conversion fees on TZS deposits |
Pepperstone offers all UK clients investor protection | Negative balance protection is not offered on all accounts for all regions |
There are multiple platforms and tools offered to Tanzanian traders | Investor protection is limited to EU clients through the FSCS |
There are two distinct, dynamic account types offered that cater to most traders | |
All client funds are held within Tier-1 bank accounts, separate from Pepperstone’s funds | |
There is a demo account offered to both beginner and expert traders | |
There are flexible leverage ratios according to region and expertise |
Min Deposit
USD 10 / 320,000 TZS or an equivalent to AU$200
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradingView
Crypto
No
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128
Frequently Asked Questions
Is Pepperstone regulated?
Yes, Pepperstone is regulated as follows:
- Australian Securities and Investment Commission (ASIC) – Pepperstone Group Limited – CAN 147055703 and AFSL 414530.
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) – Pepperstone GmbH – 151148.
- Cyprus Securities and Exchange Commission (CySEC) – Pepperstone EU, Ltd. – HE398429.
- Dubai Financial Services Authority (DFSA) – Pepperstone Financial Services (DIFC) Limited – DFSA F004356, DIFC 3460.
- Financial Conduct Authority (FCA) – Pepperstone Limited (UK) – 684312.
- Capital Markets Authority (CMA) – Pepperstone Kenya Limited – 128.
- Securities Commission of the Bahamas (SCB) – Pepperstone Markets Limited – 177174B.
Is Pepperstone safe or a scam?
Pepperstone is safe and has an exceedingly high trust score of 92%, with Tier-1, Tier-2, and Tier-3 regulations that make it a low-risk broker.
Does Pepperstone have an App?
No, Pepperstone does not have its own mobile app. However, Pepperstone’s trading account can be paired with MetaTrader 4/5 and cTrader on mobile devices.
How long does a Pepperstone demo account last?
30 days. However, If you have a real account and request that Pepperstone make the demo non-expiring for you, your MT4/5 demo account will remain active for an additional 30 days beyond the initial expiration date.
In addition, Demo accounts with cTrader will remain active indefinitely if they are logged into at least once every 30 days.
Does Pepperstone have Nasdaq?
Yes, Pepperstone has Nasdaq. Nasdaq can be traded as a CFD under “NAS100”.
What is the minimum deposit for Pepperstone?
Pepperstone has a 320,000 TZS minimum deposit or an equivalent in USD or other accepted deposit currencies.
What is the withdrawal time for Pepperstone?
The withdrawal time for Pepperstone ranges from one business day up to several business days.
Does Pepperstone have a demo account?
Yes, Pepperstone has a demo account that is suited to both beginner and professional traders.
Does Pepperstone have Volatility 75?
Yes, Volatility 75 (or VIX) is included in Pepperstone’s offering that surrounds CFDs on indices.
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Conclusion
Now it is your turn to participate:
Do you have any prior experience with Pepperstone?
What was the determining factor in your decision to engage with Pepperstone?
Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
Have you experienced any issues with Pepperstone such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.