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Do you want to know which is the better broker between Pepperstone and Justforex ?
In the table below, you can compare the features of Pepperstone , Justforex side by side to determine the best fit for your needs.
EURUSD: 0.2
XAUUSD: -0.5
Long: -6.44
Short: 2.04
Long: -36.51
Short: 21.17
EURUSD: 0.1
XAUUSD: 0.2
Long: -5.7
Short: -0.09
Long: -41.58
Short: --
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of pepperstone, justforex lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Pepperstone Review Summary in 10 Points | |
Founded | 2010 |
Headquarters | Melbourne, Australia |
Regulation | ASIC, CYSEC, FCA, DFSA, SCB |
Market Instruments | Forex, Cryptocurrencies, Shares, ETFs, Indices, Commodities |
Demo Account | Available |
Leverage | 1:500 |
EUR/USD Spread | average 0.12 pips |
Trading Platforms | TradingView, MetaTrader5, MetaTrader4, cTrader |
Minimum deposit | $200 |
Customer Support | 24/5 phone, email, live chat |
Pepperstone is a Forex and CFD broker founded in 2010 in Melbourne, Australia. The company has quickly grown to become one of the largest Forex and CFD brokers in the world with over 150,000 clients across the globe. Pepperstone is regulated by top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), etc. It offers a wide range of trading instruments including Forex, indices, commodities, and cryptocurrencies.
Pepperstone is a well-established and reputable forex and CFD broker, with a number of strengths. One of its biggest advantages is its range of trading platforms, which include the popular MetaTrader4 and 5 platforms, as well as cTrader. Another advantage is the broker's competitive pricing, with tight spreads and low commission fees.
However, there are some potential drawbacks to consider. One is that Pepperstone's customer service can sometimes be slow to respond, which can be frustrating for traders who need quick assistance. Additionally, the broker offers limited educational resources and research tools.
Pros | Cons |
• Regulated by reputable financial authorities including ASIC, CYSEC, FCA, DFSA and SCB | • Limited product offerings with no stock trading |
• Multiple account options and funding methods | • Inactivity fee of $15 per month after 6 months of inactivity |
• Low spreads and commissions, particularly for active traders | • Limited educational resources |
• Advanced trading platforms including MT4, MT5, and cTrader | • Limited research tools |
• Excellent customer support with 24/5 availability | • No fixed spread account options |
• Negative balance protection | • Limited social trading features |
It's worth noting that while there are some cons associated with Pepperstone, the overall consensus is that it is a reputable and reliable broker with competitive pricing and advanced trading platforms.
Pepperstone is a regulated broker, authorized and regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the United Kingdom, etc. Pepperstone is considered a legitimate and reliable broker in the industry.
Pepperstone has implemented a number of measures to ensure the safety and protection of its clients' funds and personal information.
More details can be found in the table below:
Client Protection Measures | Description |
Regulation | ASIC, CYSEC, FCA, DFSA, SCB |
Segregated Accounts | Ensuring that client funds are protected in the event of company insolvency |
Negative Balance Protection | Clients can not lose more than their account balance |
Two-Factor Authentication | Providing an additional layer of security to protect against unauthorized access to their trading accounts |
Encryption Technology | To protect client information and transactions from potential threats such as hacking or fraud |
Investor Compensation Scheme | Provide protection to clients in the event of financial loss or misconduct by the broker |
Overall, Pepperstone uses advanced security measures to protect its clients' personal and financial information. The broker's commitment to transparency, and customer satisfaction makes it a trustworthy choice for traders.
Pepperstone offers 1200+ trading instruments across multiple asset classes, including:
Forex: Major, minor and exotic currency pairs, including USD/EUR, AUD/USD, EUR/GBP, and more.
Stocks: Trading of popular global stocks including Apple, Amazon, Google, etc.
Indices: CFDs on global indices, including S&P 500, FTSE 100, Nikkei 225, and more.
Commodities: CFDs on gold, silver, oil, and other popular commodities.
Cryptocurrencies: Trading of popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, etc.
Note that the specific instruments available for trading may vary depending on the account type and region of the client.
Pepperstone offers four types of accounts to its clients:
Standard Account: This account type is suitable for beginners as it has no commission and offers variable spreads starting from 1 pip. The minimum deposit required is $200.
Razor 0.0 Account: This account type is designed for experienced traders who prefer low spreads and are willing to pay a commission. The minimum deposit required is $200, and it offers variable spreads starting from 0.0 pips with a commission of $3.50 per lot traded.
Swap-Free Account: This account type is designed for traders who follow Sharia laws and do not want to earn or pay interest on overnight positions. It has no commission and offers variable spreads starting from 1 pip. The minimum deposit required is also $200.
Demo Account: This account type is available for 30 days, especially for traders to practice their trading skills and strategies. It provides traders with virtual funds to trade with and access to real-time market data, allowing them to simulate trading conditions without risking real money. It is a useful tool for beginners to get familiar with the trading platform and for experienced traders to test new strategies or instruments.
Regarding European traders and those whose accounts are registered with Pepperstone UK, the European ESMA law has recently reduced the maximum permitted leverage for security reasons.
On Forex instruments, the maximum leverage allowed for European clients is 1:30. However, leverage levels are contingent upon the entity's laws, such as international offerings. Pepperstone continues to offer leverage of 1:500 for professional clients on each asset.
Nonetheless, ensure you have a thorough understanding of leverage and how to utilize it intelligently, as an increase in your trading size can have a major impact on your potential earnings or losses.
The EUR/USD spread offered by Pepperstone varies depending on the type of account and market conditions. The commission fees also vary based on the account type and trading platform.
For the Razor 0.0 account, which is designed for advanced traders and uses ECN pricing, the average spread for EUR/USD is around 0.12 pips with a commission of $3.5 per lot.
For the Standard account, the average spread for EUR/USD is around 1.1 pips without any commission. It's important to note that spreads can vary depending on market conditions such as volatility and liquidity.
It is important to note that the above figures are subject to change depending on market conditions and other factors, and traders should always check the latest spreads and commission fees on Pepperstone's website.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission (per lot) |
Pepperstone | 1.1 pips | $0 |
IC Markets | 0.10 pips | $7 |
FXTM | 0.50 pips | $4 |
XM | 1.60 pips | $0 |
Admiral Markets | 0.50 pips | $0 |
FP Markets | 1.45 pips | $6 |
Note: The spreads and commissions are based on the standard account type for each broker and may vary depending on the account type, trading platform, and market conditions.
Pepperstone provides TradingView, MetaTrader5, MetaTrader4 and cTrader. Traders can utilize either the Razor or Standard account type on any platform.
MetaTrader4 (MT4): The world's most popular forex trading platform, featuring advanced charting, automated trading capabilities, and a vast library of indicators and add-ons.
MetaTrader5 (MT5): A more advanced version of the MT4 platform, with additional features and capabilities, such as more advanced order types and an economic calendar.
cTrader: A powerful and user-friendly platform with advanced charting, one-click trading, and a range of advanced order types.
Overall, Pepperstone's trading platforms are highly regarded for their speed, reliability, and ease of use, and are suitable for both beginner and advanced traders.
See the trading platform comparison table below:
Broker | Trading Platform(s) |
Pepperstone | MetaTrader4, MetaTrader5, cTrader |
IC Markets | MetaTrader4, MetaTrader5, cTrader, WebTrader |
FXTM | MetaTrader4, MetaTrader5, WebTrader |
XM | MetaTrader4, MetaTrader5, XM WebTrader |
Admiral Markets | MetaTrader4, MetaTrader5 |
FP Markets | MetaTrader4, MetaTrader5, IRESS, WebTrader |
Note: This table is not exhaustive and other trading platforms may be available for each broker.
Pepperstone offers various deposit and withdrawal methods for its clients, including: Visa/Mastercard, POLi, Bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay. It's important to note that some deposit and withdrawal methods may not be available in certain countries. Clients should check with Pepperstone for specific details and requirements for their region.
Pepperstone does not charge any deposit or withdrawal fees. However, fees may be charged by the payment provider.
Withdrawal forms received after 21:00 (GMT) will be processed the following day. If these are received before 07:00 (AEST) theyll be processed on the same day. Withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach your account.
Pepperstone's minimum deposit requirement depends on the type of account you choose. For the standard account, the minimum deposit is $200 (or equivalent in another currency), while for the Razor 0.0 account, the minimum deposit is $200 (or equivalent in another currency) for users who choose to deposit via debit card or PayPal, and $1,000 (or equivalent in another currency) for users who choose to deposit via bank transfer. It's worth noting that different funding methods may have different minimum deposit requirements.
Pepperstone | Most other | |
Minimum Deposit | $200 | $/€/£100 |
To initiate a withdrawal, log in to your Pepperstone account and navigate to the “Withdrawals” section. Select your preferred withdrawal method, enter the amount you wish to withdraw, and follow the instructions provided.
Pepperstone charges various types of fees including spreads, commissions, and swap fees. We have mentioned spreads and commissions before. Now we talk about other fees.
Swap fees: Pepperstone charges swap fees for holding positions overnight. The swap fee may be a credit or a debit depending on the instrument traded and the direction of the position.
Inactivity fee: Pepperstone does not charge any inactivity fee.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
Pepperstone | Free | Free for domestic wire | $0 |
IC Markets | Free | $3.50 per withdrawal | $0 |
FXTM | Free | Free | $5 per month after 6 months of inactivity |
XM | Free | Free for first 5 withdrawals per month, $15 for subsequent withdrawals | $0 |
Admiral Markets | Free | Free for first 2 withdrawals per month, €1 for subsequent withdrawals | €10 per month after 24 months of inactivity |
FP Markets | Free | Free for domestic wire, $20 for international wire | $0 |
Please note that the fees listed in this table are subject to change and may vary based on factors such as account type, payment method, and location. It's important to check with the broker directly for the most up-to-date and accurate fee information.
Pepperstone offers customer support via phone, email, and live chat 24/5. They also have a comprehensive FAQ section on their website that addresses a wide range of topics. You can also follow them on some social networks such as Twitter and Facebook.
Overall, Pepperstone's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• 24/5 multilingual customer support | • No 24/7 customer support |
• Live chat and email support available | • No dedicated account managers for all users |
• Quick response times | |
• Detailed FAQ section available |
Note: These pros and cons are based on general feedback and may not be representative of every individual's experience.
Pepperstone offers a variety of educational resources to help traders improve their skills and knowledge. Here are some of the educational offerings provided by Pepperstone:
Trading guides: Pepperstone offers a comprehensive trading guide that covers various topics such as trading psychology, technical analysis, and risk management.
Webinars: Pepperstone regularly hosts live webinars that cover various trading topics, including market analysis, trading strategies, and risk management.
Video tutorials: Pepperstone offers a collection of video tutorials that cover various trading topics such as platform walkthroughs, charting techniques, and risk management.
Overall, Pepperstone offers a robust educational suite that can benefit both beginner and experienced traders.
In conclusion, Pepperstone is a well-established broker with a solid reputation and a wide range of trading instruments and platforms. They offer competitive pricing with low spreads and commissions and a range of account types to suit different traders. Their customer support is available 24/5 and they offer a range of educational resources for traders of all levels. Overall, Pepperstone is a reliable and reputable broker for traders looking for a broker with a global presence and a wide range of trading options.
Q 1: | Is Pepperstone regulated? |
A 1: | Yes. Pepperstone is regulated by ASIC, CYSEC, FCA, DFSA, and SCB. |
Q 2: | Does Pepperstone offer demo accounts? |
A 2: | Yes. Pepperstone offers 30-day demo accounts. |
Q 3: | Does Pepperstone offer the industry-standard MT4 & MT5? |
A 3: | Yes. Both MT4 and MT5 are available. Pepperstone also supports cTrader and TradingView. |
Q 4: | What is the minimum deposit for Pepperstone? |
A 4: | The minimum initial deposit with Pepperstone is $200. |
Q 5: | Is Pepperstone a good broker for beginners? |
A 5: | Yes. Pepperstone is a good choice for beginners because it is regulated well and offers a wide variety of trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. But somehow we cant access their website currently. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Justforex Review Summary in 10 Points | |
Founded | 2012 |
Registered Country/Region | Seychelles |
Regulation | FSC (revoked), FSA (suspicious clone) |
Market Instruments | Forex currency pairs, Gold, Silver, indices, stocks, and CFDs |
Demo Account | Available |
Leverage | 1:3000 |
EUR/USD Spread | 0.1 pips |
Trading Platforms | MT4, MT5 |
Minimum deposit | $1 |
Customer Support | 24/7 live chat, phone, email |
Justforex is a forex and CFD broker founded in 2012 and registered in Seychelles that offers a wide range of trading instruments, including currency pairs, precious metals, stocks, and indices. The company provides various account types and trading platforms, as well as competitive spreads and leverage options. Justforex also offers a range of educational materials and customer support options.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Justforex offers a wide range of trading instruments, multiple account types with no commission, and 24/7 customer support through various channels. They also provide various educational resources for traders. However, they are currently unregulated, which may pose some risks to traders.
Pros | Cons |
• Wide range of financial instruments | • No regulation |
• Low minimum deposit requirement ($1) | • Clients from Australia, Canada, the EU and EEA, Japan, the United Kingdom, the United States are not accepted |
• Demo accounts available | • Negative reviews |
• Multiple account types | |
• MT4 & MT5 supported | |
• Multiple payment methods | |
• No fees for deposits and withdrawals | |
• Social trading feature available |
There are many alternative brokers to Justforex depending on the specific needs and preferences of the trader. Some popular options include:
Tickmill - With its competitive trading conditions, comprehensive educational resources, and reliable customer support, Tickmill is a popular choice among traders looking for a trustworthy and feature-rich forex broker.
Axi - As a regulated and award-winning broker, Axi offers traders a wide range of trading instruments, cutting-edge trading platforms, and excellent customer support, making it a top choice for both novice and experienced traders.
FXOpen - With its user-friendly trading platforms, low trading fees, and excellent customer service, FXOpen is a popular choice for traders looking for a reliable and well-regulated forex broker.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
The fact that Justforex is unregulated and its Financial Services Commission (FSC) license is revoked and Seychelles Financial Services Authority (FSA) license is a suspicious clone raises some concerns about its safety and legitimacy. Additionally, there are some complaints and negative reviews from their clients saying that they are unable to withdraw. However, the broker does offer various protection measures to its clients, such as segregated accounts and protection from negative balance. It is important to thoroughly research and consider these factors before deciding to trade with Justforex.
Justforex offers a diverse range of 170+ financial instruments that include Forex currency pairs, precious metals, stock indices, popular stocks, and CFDs. With such a diverse range of instruments, Justforex provides ample trading opportunities for investors of different levels and preferences.
To meet the needs and trading experience of different investors, Justforex offers four different types of accounts: Standard Cent Accounts (minimum deposit of $1), Standard Accounts (minimum deposit of $1), Pro Accounts (minimum deposit of $100), and Raw Spreads Accounts (minimum deposit of $100).
The Standard Cent account is ideal for novice traders who want to start trading with a small amount of money, while the Standard and Pro accounts are suitable for more experienced traders who want to access additional features and trading tools. The Raw Spreads account type offers tight spreads and is designed for high-volume traders.
It's worth noting that all account types are swap-free, which is especially important for traders who follow Islamic finance principles. Additionally, demo accounts are available for all account types, which is a great way to test the platform and trading strategies before investing real money.
Surprisingly, the maximum trading leverage offered by Justforex is super high, reaching up to 1:3000, which allows traders to open larger positions with smaller amounts of capital. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders. Inexperienced traders are not advised to use such high leverage level. Additionally, it is worth noting that some financial instruments may have lower maximum leverage levels due to market conditions and regulatory requirements.
Justforex offers different spreads and commissions depending on the account type. Standard Cent and Standard accounts have spreads starting from 0.3 pips, while Pro accounts have spreads starting from 0.1 pips. Raw Spread accounts offer raw spreads starting from 0 pips, but a commission of 3 units of the base currency per lot is charged. No commission is charged for trading on Standard Cent, Standard, and Pro accounts. It is important to note that the spreads and commissions may vary depending on market conditions and liquidity.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
Justforex | 0.3 pips | None |
Tickmill | 0.0 pips | $2/lot RT |
Axi | 0.2 pips | None |
FXOpen | 0.5 pips | $3.5/lot RT |
Justforex offers MT4, MT4 PC, MT4 Android, MT4 iPhone, MT4 Web, MT5, MT5 PC, MT5 Android, MT5 iPhone, MT5 Web to meet a wide range of user needs. MT4 offers 9 timeframes, the ability to trade via charts, automated trading, and MT5 is the latest version of MT4, which is more intuitive and offers significant improvements in copy trading, mobile trading, and other innovative features for more efficient trading account management.
Overall, Justforex's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Broker | Trading Platforms |
Justforex | MetaTrader 4, MetaTrader 5, WebTrader |
Tickmill | MetaTrader 4, MetaTrader 5, WebTrader |
Axi | MetaTrader 4, MetaTrader 5 |
FXOpen | MetaTrader 4, MetaTrader 5, WebTrader, TickTrader (mobile) |
Justforex offers several trading tools to help its clients trade more efficiently and effectively. One of these tools is social trading, which allows traders to follow and copy the trades of successful and experienced traders. This feature is available on both MT4 and MT5 platforms and is facilitated through the MQL5 community. Traders can browse through the profiles of different signal providers, assess their performance, and subscribe to their trading signals. By copying the trades of successful traders, traders can learn from their strategies, improve their own trading skills, and potentially increase their profits.
Just Forex supports traders to deposit and withdraw funds to their accounts via Bank cards (Visa/MasterCard), Skrill, Neteller, Perfect Money, STICPAY, AIRTM, cryptocurrencies of bitcoin, Bitcoin Cash, Ethereum, USD Coin, Tether, BUSD, BINANCE, DOGECOIN, Litecoin and XRP, local banks, and Fasapay.
Minimum deposit and withdrawal amount vary on the payment method. No fees for deposits and withdrawals. Deposits are instant, while withdrawals can be processed within 1-2 hours.
Justforex | Most other | |
Minimum Deposit | $1 | $100 |
See the deposit & withdrawal fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee |
Justforex | None | None |
Tickmill | None | None for certain methods, fees up to $25 for others |
Axi | None | None |
FXOpen | None | None for certain methods, fees up to $50 for others |
Please note that the fees listed above are subject to change and may vary depending on the payment method and other factors. It's always best to check with the broker directly for the most up-to-date and accurate fee information.
The Justforex customer support is available 24/7, accessible via live chat, e-mail, phone, request a callback, live chat, Telegram, Viber, Messenger, Line, Instagram, WhatsApp and iMessage. Additionally, the FAQ section can be helpful for clients who prefer to find answers on their own.
Pros | Cons |
• Available 24/7 through multiple channels | • Some complex issues may require longer resolution time |
• FAQ section available for quick solutions | |
• Trained and knowledgeable support staff | |
• Multilingual support available |
Note: These pros and cons are subjective and may vary depending on the individual's experience with Justforex's customer service.
Justforex offers a comprehensive Learning Center with a range of educational resources that cater to the needs of both beginner and experienced traders. The center features a series of online webinars that cover a range of topics, including trading strategies, risk management, technical analysis, and more. Traders can also access a wide range of forex articles that cover market news, trends, and analysis. Additionally, the center provides a forex glossary that includes definitions of common trading terms and jargon. To further support trader education, Justforex also offers educational videos that cover a range of topics and can help traders to improve their trading skills and knowledge.
On our website, you can see that some users have reported scams and unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
All things considered, Justforex is an online broker offering a wide range of financial instruments, account types, and trading platforms. They provide 24/7 customer support, educational resources, and convenient deposit and withdrawal options with no fees.
However, the lack of proper regulation and the suspicious nature of their licenses may be concerning for some investors. In addition, there have been some negative reviews from their clients. Overall, Justforex may be a suitable choice for experienced traders who prioritize a wide range of instruments and trading platforms and do not mind the lack of regulation and negative reviews.
Q 1: | Is Justforex regulated? |
A 1: | No. It has been verified that this broker currently has no valid regulation. |
Q 2: | At Justforex, are there any regional restrictions for traders? |
A 2: | Yes. Justforex does not offer and does not provide services to residents and citizens of certain jurisdictions, including Australia, Canada, the EU and EEA, Japan, the United Kingdom, the United States, and countries sanctioned by the EU. |
Q 3: | Does Justforex offer demo accounts? |
A 3: | Yes. |
Q 4: | Does Justforex offer the industry-standard MT4 & MT5? |
A 4: | Yes. Both MT4 and MT5 are available. |
Q 5: | What is the minimum deposit for Justforex? |
A 5: | The minimum initial deposit to open an account is only $1. |
Q 6: | Is Justforex a good broker for beginners? |
A 6: | No. It is not a good choice for beginners. Thought is advertises well, dont forget that they are unregulated. |
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive pepperstone and justforex are, we first considered common fees for standard accounts. On pepperstone, the average spread for the EUR/USD currency pair is 0.6 pips pips, while on justforex the spread is 0.3.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
pepperstone is regulated by ASIC,CYSEC,FCA,DFSA,SCB,BaFin. justforex is regulated by FSC,FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
pepperstone provides trading platform including Standard,Razor and trading variety including --. justforex provides trading platform including Standard Cent,Raw Spread,Pro,Standard and trading variety including --.