This includes both past prices and currency trading volume and can include three charts:.
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If you continue to use this site we will assume that you are happy with it. Buy low, and sell high. But there is much more so keep reading here. To get started with trading, make sure that you are aware you could lose you money. Read our what is Forex trading article. Get familiar with the different trading platforms. If you are brand new to Forex trading, you should open a demo account where you practice with fake money using real market data.
A good first step. Read as much as you can from our education section , and read as much as you can. Try to understand what kind of trader you are.
It will help you understand how Forex trading is going to fit into your life. How Should I Compare Brokers? These are arguably the top regulators of non-banking financial services around the world, so trading at a broker that does not have one or more of these regulation opens you up to unnecessary risk.
Broker Commissions — Does your broker make money from the spread? Is the spread tight? You are better off with a broker that has tighter spreads because it means you can profit more. Minimum Deposit — Make sure you are comfortable with the minimum deposit being asked.
Withdrawal and Deposits — It is your money, and the broker must treat it as such. If they charge you to withdraw or deposit, you should discuss this with your account manager or choose a different broker. The results are razor thin spreads for all these fx brokers. It should be noted there are two accounts. The standard account has a larger spreads determined by the forex broker and the market and is normally selected by beginner forex traders.
This is because Pepperstone allows traders to directly trade with liquidity pools making it a market maker with prices set by the market.
Overall, quotes come from up to 22 major banks and ECNs which allow during liquid periods spreads to be as low as 0.
PPI technology intelligently routes currency trading orders to detect liquidity hot-spots to ensure optimal pricing for Australian traders. This does not involve re-quoting but rather the traders just receives the improved price. You can learn more about these accounts on the Pepperstone fx broker account type page.
There are no commissions on CFD trading and no dealing desk. The Razor market maker account ECN forex broker account is recommended due market-based spreads and low commissions leading to lower brokerage costs. This account also provides the fastest execution speeds offered by the FX broker. Leverage amplifies movements on currency markets which are traditionally modest. For example, leverage of It should be noted that most brokers like Pepperstone will allow you to select a lower leverage level to begin with.
If you feel forex trading still exceeds your risk appetite you should consider additional features such as:. This helps those with a lower risk appetite when it comes to losing more than their deposit. Extreme events such as rate decisions when extreme movements may occur can lead losses to exceed the stop loss amount.
Only a guaranteed stop-loss that has a premium cost attached to it can ensure this is the case. Those who require high leverage would be satisfied with the Pepperstone also offers lower leverage when setting up an account for those with a lower risk appetite.
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Pepperstone is a relatively new Australian forex broker compared to some global players but in Australia has quickly gained a dominant market share. They have a strong customer service team in Australia of individuals who actually trade themselves making them an excellent choice of intermediate to expert traders. This was acknowledged in when Investment trends survey of 15, Australian forex traders ranked Pepperstone number 1 in:.
There can be the possibility of talking to an overseas customer service team during off-peak periods such as Friday night. This is available during the same hours as the call centre team. Overall, live chat was the fastest was to get the answer and assistance we needed when making this forex broker review. There is 24 hour support via a number or an international number for those outside of Australia.
This is available from Monday through to Friday. Each Pepperstone call-centre location also has an e-mail contact. The award winning customer service offered by Pepperstone is ideally suited for intermediate or advanced Australian forex traders. Those new to forex on the other hand may want to consider EasyMarkets formally EasyForex.
Pepperstone has a dedicated section for those looking to learn how to play forex. There are 30 free webinars and 50 trading guides for those who favour self-learning. The webinars focus on trading strategies while the trading guides target those learning a how to trade a range of markets.
Traders can also learn about market events through the news that is sent via e-mail daily. News through routers is also integrated through Pepperstone forex trading platforms through their advanced trader tools. There is also a market review section within the website which is updated several times a day with the latest news that impacts currency markets.
The first deposit placed into a Pepperstone account when trading forex online will lead up to 10, Qantas points. To achieve this, link a Qantas frequent flyers membership to the Pepperstone forex trading Australia account and then make the deposit. This only applies to the first deposit and further conditions apply.
Australian forex traders receive further Qantas frequent flyer points on their ongoing trades.