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Pepperstone Review Malaysia 2022 – All You Need To Know Before Trading!

There are many online brokers to choose from in 2022, and Pepperstone is believed to be one of the best trading platforms for crypto traders and investors in Malaysia. Pepperstone was founded in Australia in 2010 by a group of professional traders who were unsatisfied with other brokers’ services at the time. This article is a detailed Pepper Review Malaysia. 

We reveal everything there is to know about the Pepperstone forex trading company, its fees, spread, tools, and security – to help traders determine if Pepperstone Malaysia is good for them. 

Pepperstone Review Malaysia – Key Points

Minimum Deposit  $0 ($200 recommended)
Trust Score 93%
Regulator FCA, CySec, DFSA, ASIC, SCB, BAFIN, CMA
Customer Support  24/5
Available Countries  Malaysia (Islamic account available), UK, Netherlands, Germany, Hong Kong, India, Ireland, etc.
Max Leverage  200:1
Copy Trading Yes
Instruments  CFDs
Tradeable Symbols 1200+
Mobile Platform MT4, MT5, cTrader, TradingView

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

What is Pepperstone?

Pepperstone forex trading company allows users to trade CFDs in cryptocurrencies, stocks, currency indices, and a wide range of assets like gold, silver, coffee, sugar, and many other commodities online.  

As per the company’s website, the Pepperstone trading platform is trusted by over 300,000 traders around the world. The company also processes an average of $9.2 billion worth of transactions daily. 

According to the Pepperstone founders, competitor brokers had many shortfalls, including high commissions and fees, late order processing speed, etc. And today, the Pepperstone trading platform is regarded as one of the best forex brokers offering CFDs.

Many users and Pepperstone Malaysia reviews consider the platform safe because of its regulation by top-level financial institutions. The platform is accredited by bodies like the UK’s Financial Conduct Authority (FCA), Germany’s BaFin, and the Australian Securities and Investments Commission (ASIC).  Pepperstone forex trading company also has an Islamic account for Malaysian residents. 

Similarly, Pepperstone Malaysia is highly-rated as one of the best forex trading platforms in Malaysia. This is because of its low costs/fees, tight spreads, customer service, and easy user interface for beginners. Users also get access to online learning resources and market analysis materials that help them understand the basics of forex trading – making the platform suitable for both beginner and experienced traders. 

What Can You Trade With Pepperstone?

Pepperstone Malaysia has more than 1200 tradable assets that users can choose from. Our Pepperstone Review Malaysia reveals several financial instruments are available on Pepperstone Malaysia. Instruments on the Pepperstone trading platform include CFDs in forex, index CFDs, cryptocurrencies, currency indices, shares, and commodities. 

Forex: FX traders enjoy up to 200:1 leverage and can trade major forex assets like the US dollar and Euros. They can also trade minor and exotic assets with low spreads that make it easier for them to place multiple daily trades while paying low fees.  

Index CFDs: Currency indices monitor a currency’s value against a basket of other currencies. Traders on Pepperstone Malaysia can make money from the price movements of 14 international stock markets with leverage of up to 200:1 – all with zero commission. Common currency indices available on the broker include the USD index, EUR index, and JPY index. 

Stocks and Shares: With regard to stocks and shares, traders on the Pepperstone trading platform can buy and sell any item ranging from meme stocks to blue chip companies in the UK, Germany, and Australia. They also get access to 1000+ share CFDs that include more than 600 US stocks and a range of household items on 23 equity index markets for up to 20:1 leverage.

Commodities: Another perk of the Pepperstone trading platform is that it offers a myriad of commodities for trade with a leverage of up to 200:1. Commodity futures to trade on Pepperstone include silver, gold, natural gas, crude oil, cocoa, coffee, sugar, orange juice, cotton, etc. 

Cryptocurrencies: Pepperstone traders have access to 19 crypto pairs, including the popular BTC/ETH. There are also three crypto baskets that traders can choose from when trading on Pepperstone trading platform. Crypto trading is also available seven days a week and is limited to a 2:1 leverage without the need for a crypto wallet or an external crypto exchange

Currency Indices: Finally, you can trade different currency indices, including the most traded currency index, the USDX, with Pepperstone forex trading company. Pepperstone Malaysia allows its traders to trade USDX as a CFD while enjoying a leverage of up to 100:1. 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Is Pepperstone a Good Broker For Malaysian Forex?

Yes, Pepperstone Malaysia is a good and safe broker for Malaysian traders. Our Pepperstone Review Malaysia reveals Pepperstone has a long-standing history of forex trading in numerous countries of the world. Similarly, the forex trading platform is regulated by SCB. 

There are also reports of good behavior across the platform’s Malaysian clients, who equally fancy the option of trading on other platforms. Pepperstone trading platform supports platforms like MT4, MT5, cTrader and TradingView.

Apart from having Pepperstone login access in Malaysia, customers of Pepperstone Forex trading company in the country get to opt for an Islamic account if they desire. New traders can benefit from its easy-to-use application, low fees, free online learning resources, and the company’s support team. 

Experienced Malaysian traders on Pepperstone also enjoy these benefits. They’ll fancy Pepperstone’s 99.5% fill rate, its average spread of 0.77 pips for EUR/USD, and the 200:1 leverage that traders can reduce whenever they want. 

Another safety feature we found for Pepperstone customers in Malaysia through our Pepperstone Review Malaysia is that the broker offers them a leverage limit of 200:1 for forex trading. They also benefit from the Pepperstone trading platform’s negative balance protection. With this, traders will never lose more money than what’s in their trading accounts. And this is important to protect new traders who may not be familiar with the rapid market fluctuations and volatility. 

Is Pepperstone a Legit Broker?

Pepperstone is considered a safe, low-risk trading platform by many users. With an overall Trust Score of 93/99, it’s safe to say Pepperstone is legit. 

Furthermore, Pepperstone forex trading company is not publicly traded. Neither does it operate a bank. So, users can consider it one of the best forex trading platforms in 2022. 

To further assure users of its credibility, Pepperstone is licensed by two tier-1 regulators, two tier-2 regulators, and one tier-3 regulator. 

The tier-1 regulators that authorize Pepperstone as a legit broker are Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).  

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

What Are The Pros and Cons of Pepperstone?

One major perk of trading on the Pepperstone trading platform is its easy, fast, and fully digital user interface on the Pepperstone website and mobile app (Meta Trader 4). But like every other broker, Pepperstone has its downsides. Here are the Pros and Cons of Pepperstone according to our Pepperstone Review Malaysia

pepperstone logo

Pros:

  • Quick and Easy Account Opening Process
  • Low Forex Fees
  • No Withdrawal Fees
  • Top-Quality Customer Service
  • Fast Deposit and Withdrawal
  • Tight Spreads
  • Well Regulated Broker
  • Integrates With Many Trading Platforms
  • 60 Currency Pairs

Cons:

  • Basic Mobile App
  • Mostly CFDs Available
  • Not Available To US and Canada Traders 

Note that investors are always at risk of losing money when trading CFDs. However, choosing a broker like Pepperstone Malaysia that is well-licensed and capitalized may help you reduce your counterparty risk. You can refer to this CFD trading guide to get started. 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Pepperstone Broker Key Features

Pepperstone website homage

If you’re considering what trading on Pepperstone Malaysia looks like, here are the Pepperstone forex trading company’s key features to help you make up your mind:

Pepperstone Demo Account

Pepperstone allows its users to paper trade with a demo account when they create an account with the online Pepperstone forex trading company. The virtual account helps beginner fx traders understand how the markets work before they start trading with real money. 

Platform Fees 

Pepperstone fees are generally lower than what’s obtainable on competitor fx broker companies in Malaysia - which makes it suitable for short-term and long-term traders. 

Users don’t have to pay commissions on Pepperstone standard accounts like the Razor account. However, micro lots are rounded up or down on MT4 and MT5 accounts. The platform doesn’t charge non-trading fees like deposit, withdrawal, and inactivity fees. 

Fee Type Fee Amount 
Deposit Fee None
Withdrawal Fee None (except for international telegraphic transfers)
Inactivity Fee  None

Minimum Deposit 

Pepperstone doesn’t have a fixed or minimum deposit on its website. However, we recommend depositing $200 or its equivalent when getting started with a Pepperstone Malaysia account. You can deposit through your Pepperstone login account with your card, bank transfer, and online wallets like Skrill and Neteller. 

Regulation and Security 

Pepperstone forex trading company is regulated by tier-1, tier-2, and tier-3 authorities in the UK, The Bahamas, UAE, and Australia. Agencies licensing Pepperstone include ASIC, FCA, SCB, CySec, DFSA, BAFIN and CMA. 

Pepperstone Customer Support

Pepperstone has dedicated customer support channels on Whatsapp and via the live chat feature on their web and mobile apps. Note that Pepperstone Malaysia’s customer support is only available 24/5. They don’t work on weekends.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

How Long Does It Take To Withdraw Funds From Pepperstone?

According to Pepperstone’s website, withdrawals received before 07:00 (AEST) will be processed the same day, while withdrawal forms received after 21:00 (GMT) will be processed the next day. 

So, unless there are unforeseen circumstances like network issues, the need for additional verification documents, and anti-money laundering regulations, Pepperstone withdrawals should take between 24 hours - 48 hours.

Note that for funds withdrawals, Pepperstone Malaysia will only return the equivalent amount withdrawn to a bank account with the same customer name on their Pepperstone login account because of transaction regulations Pepperstone forex trading company must comply with.  

Interestingly, the Pepperstone trading platform doesn’t charge deposit or withdrawal fees.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Is Pepperstone Regulated in Malaysia?

Pepperstone is a highly regulated fx broker with licenses from institutions in its country of origin, Australia, the United Kingdom, The Bahamas, and Cyprus. The Pepperstone forex trading company carries out its trading activities strictly by these regulations and standards. 

For context, the Australian Securities and Investments Commission (ASIC)  is the financial regulatory body of Australian online fx brokers. This reputable authority's license allows Pepperstone to operate in countries outside Australia like the EU countries, Asia, etc. 

Similarly, The Financial Conduct Authority (FCA) is a highly-rated financial regulator in the United Kingdom. The non-government body regulates the operations of financial institutions and forex brokers - and FCA licenses Pepperstone Malaysia. Pepperstone Malaysia’s FCA license makes it fully legal in the UK. This further shows why Malaysian traders can trust Pepperstone forex trading company for fx and other activities. 

The Securities Commission of The Bahamas also supervises Pepperstone Malaysia’s securities market, investments, and forex activities. The SCB license makes Pepperstone’s activities in The Bahamas and neighboring countries legal, Users in the region can consider the Pepperstone forex trading company safe. 

Furthermore, the Cyprus Securities and Exchange Commission (CySec) - a financial regulator in Cyprus - regulates and audits Pepperstone Malaysia. The CySec license also allows Pepperstone forex trading company to operate in the entire EU territory. The regulator’s license is valid and reliable beyond EU countries. 

Finally, Pepperstone Malaysia is licensed to operate by the Dubai Financial Services Authority (DFSA) in the UAE. 

In essence, fx traders in Malaysia can consider Peperstone Malaysia safe for their fx and other transactions since it’s heavily licensed to operate in the country and beyond. 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

How To Use Pepperstone

To start trading on Pepperstone, you’ll need to create an account on the Pepperstone website and go through this step-by-step process:

Register for an account

Once on the website, get your Pepperstone login by entering your email address and password as required on the platform. And you can alternatively create an account with an existing Google or Facebook account. The entire process takes just a couple of minutes. 

Pepperstone Signup Page

Verify ID

Upon registration, you’ll need to verify your account per the company’s requirements. To verify your Pepperstone login account, you must submit a valid government ID and proof of address. Photo ID options include:

  • A Driver’s licence
  • A Passport
  • A National ID

To prove your address, you need:

  • A utility bill of any kind
  • A bank or credit card statement
  • A council tax bill 
  • A driver’s licence with your home address
  • A tax statement or any other government-issued or financial document that is dated three months from the time of registration. 

Note: Pepperstone Malaysia doesn’t accept black and white forms of ID documents. Neither do they accept blurry or damaged images or scanned photographs. 

Complete trader experience survey

Once you’ve sent in your verification documents, the next thing to do is take the Pepperstone suitability test. The assessment is in the form of a short questionnaire that helps Pepperstone Malaysia determine if trading CFDs is right for you. 

Many fx brokers on Pepperstone skip this step, but we recommend you do to ascertain you’re ready to trade CFDs and also protect yourself. 

Deposit funds

After completing your registration, it’s time to get into your account through your Pepperstone login and deposit funds. Generally, Pepperstone has no minimum deposit, but we recommend making the first deposit of $200 or an equivalent amount in your local currency.

Payment methods include Visa, MasterCard, BPay, PayPal, Skrill, Neteller, bank transfer, Union Pay, etc.  

Practice with a demo account

Though this is not compulsory, we recommend that traders paper trade with a demo account on Pepperstone to better understand how to navigate the platform. If you’re new to fx trading, practising with a demo account will help you understand the markets and help cut down on potential loses from inexperience. 

Start live trading 

After you’re satisfied with your virtual experience and believe you’re ready to go, you can then start live trading. Select an asset from the website homepage or navigation menu and click on the “Trade” icon. 

You also have access to the latest market reports and financial news that can serve as trading tips and help you make informed decisions. However, don’t forget that trading CFDs remain a risk, and you can lose your money when trading on Pepperstone. 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Pepperstone Review Malaysia - Our Conclusion

Pepperstone was launched in 2010 by a team of forex experts in Australia who wanted to improve the experience of forex traders at the time. Today, Pepperstone has grown to become one of the best forex trading platforms in Malaysia and other countries, including the UK, Netherlands, Germany, Hong Kong, India, Ireland, etc. 

In this Pepperstone review Malaysia, we’ve touched on the reasons many forex traders use Pepperstone - from the simple website to low fees, tight spreads, good customer service, and a wide range of tradeable assets. 

Pepperstone clients also get access to educational materials to help them understand the basics of trading CFDs on such a platform. Ultimately, we believe Pepperstone is a good choice for both fx trading newbies and experts. You may read more about Pepperstone on the Pepperstone Malaysia website

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

FAQs

Is Pepperstone a good broker for beginners?

Like we stated in this Pepperstone Review Malaysia, Pepperstone’s simple user interface, online educational resources, and beginner-level market analysis make it suitable for people just starting out with forex trading.

Is Pepperstone a safe broker?

How to start using Pepperstone broker

To start trading on Pepperstone, you have to create an account with your name and email address on the Pepperstone login website. The process takes only a few minutes. We have highlighted the step-by-step process in this Pepperstone review Malaysia.

What is the withdrawal limit on Pepperstone?

You can withdraw up to 90% of your free margin when you have open trades on your Pepperstone account.

What is the minimum deposit for Pepperstone broker?

Pepperstone has no minimum deposit, but recommends that customers start trading with $200. However, you can still trade on Pepperstone if you deposit less than that.

About Maryam Jinadu
About Maryam Jinadu

Maryam Jinadu is a freelance crypto & fintech writer. After completing her pharmacy degree at the University of Lagos, Nigeria, in 2018, she began writing professionally in fintech. She has worked with top fintech/crypto companies such as Bit.com, Equalizer, Koinly, Olymp Trade, Salesgnomics, Scribbr, and Swapzone. She currently freelances on Upwork and writes weekly reviews at 18digits.com. Maryam lives in Manchester, United Kingdom and can be found on LinkedIn @Maryam Jinadu.