PEPPERSTONE: MULTI AWARDED FX BROKER FOR TRADERS IN KENYA

78.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

PROS

  • Pepperstone is regulated by several top-tier, well-trusted regulatory bodies. This regulation makes Pepperstone a very safe broker choice.

  • Having won more than more than 30 awards since 2016, Traders and even industry leaders recognize the contribution of Pepperstone to the Investment Services Industry.

  • Pepperstone' spreads are among the lowest ones available in the market.

CONS

  • There are several countries where Pepperstone is unavailable.

Trading from Kenya with Pepperstone


  • WEBSITE: www.pepperstone.com

  • HQ: Australia

  • YEAR: 2010

  • MINIMUM DEPOSIT: USD 200

  • FINANCIAL INSTRUMENTS: +170 in CFDs on Forex, Stocks, Indices and Commodities.

  • LEVERAGE: 400:1



Pepperstone is a Trading Platform available in Kenya, specializing in Forex and CFDs on several financial instruments. The company was founded in 2010 in Melbourne, Australia. As of 2020, the company has more than 57,000 accounts from clients based in more than 150 countries. 

 

Pepperstone processes an average of USD 125.5 billion in Trading orders per day, which implies that it is one of the largest FX brokers globally.


At the moment, the African continent is one of the fastest-growing regions in terms of the number of new traders, reason This is why Pepperstone strives to attract new traders from Kenya by providing webinars, real-time market analysis, and daily trading updates. Moreover, the company has an office in Nairobi and is one of the 3 Forex Brokers that are regulated by the CMA (Capital Markets Authority of Kenya).



Is Pepperstone a trusted broker?


A simple way to check if a broker is reliable is through the Public entities that regulate its operations. If a broker is regulated by a government entity considered as Top Tier worldwide, it is a good indicator to prove that it is safe to deposit funds and operate with the platform. Pepperstone is regulated by both the UK's Financial Services Authority (FCA) and the Australian Financial Services Licensing (AFSL).

 

The regulators in the UK and Australia are considered to be two of the strictest regulators in the world. In other words, it is safe to say that Pepperstone is indeed a serious company because they follow very strict regulations.


As mentioned previously, this Broker is regulated by the local watchdog, the CMA, which is definitely a plus for local Traders since it shows the importance that Pepperstone gives to the Kenyan market.



Pepperstone's Trading Platforms


cTrader

Pepperstone's cTrader platform was developed by FXPro. cTrader is a powerful and easy-to-use platform, offering a wide range of advanced functions and trading tools for traders of all levels. Among the most prominent options, it offers the ability to trade CFDs on charts, simply by clicking and placing the order on the chart. It provides many risk management tools and indicators to help the trader make better-informed decisions.


Metatrader 4

MT4 is one of the most widely used [and complete] platforms to trade Forex. MT4 connects different Brokers to get the best prices available.


Metatrader 5

MT5 is probably one of the most advanced platforms to trade in Forex and CFDs. Like MT4, it connects different Brokers to get the best available prices among many Brokers and investors. MT5 enables Pepperstone's clients to trade a large number of CFD instruments from different asset classes, including currency pairs, commodities, stocks, indices, and cryptocurrencies, all available in one single platform, with no strategy restrictions, minimal slippage, and ultra-fast order execution.



FX Pairs & CFDs offered by Pepperstone in Kenya


Forex: +61 Currency Pairs, including Majors, minors, and exotics.

Stocks: +60 CFDs on Stocks from the Top US Companies.

Commodities: Pepperstone offers CFDs on a total of 14 commodities, 6 on Metals, 5 on Agriculture and 3 from the Energy sector.

Indices: CFDs on +14 major stock exchange indices.

Pepperstone's Forex & CFD Trading Accounts available in Kenya


Opening a foreign exchange and CFD trading account with Pepperstone in Kenya is an online process that can be fulfilled in just a few minutes and requires: (1) a Valid ID and (2) proof of address (electricity, water bills, etc.), which are scanned through the platform. Pepperstone does not charge commissions to deposit funds, and the minimum amount is USD 200.


Accounts are available in US Dollars, Euros, Swiss Francs, or British Pounds, it is important to emphasize that opening a Pepperstone Demo account is completely free, that is, you can open a Demo account, test the platform and then decide whether you would like to deposit funds.



Pepperstone's Account Types


Pepperstone has two different account types:


  • Standard Account: The most basic type of account. Trade's commissions are applied through spreads, from 1 pip on the most liquid currency pairs and CFDs. With this account, the client only has access to trade through the Metatrader platform.

  • Razor Account: The most advanced Pepperstone account. Allows clients to access both cTrader and Metatrader platforms, spreads are lower than on the Standard account type, 0 for the most liquid assets (plus a very low commission when opening a position).



Pepperstone's Deposits and Withdrawals


Pepperstone allows deposits with:

  • Visa

  • Mastercard

  • Bank Transfers

  • Neteller

  • Skrill

Stock Exchange

ACHIEVE YOUR TRADING GOALS

El contenido de esta web y los servicios que se ofrecen no pretenden ser, no son y no pueden considerarse en ningún caso, asesoramiento en materia de inversión ni de ningún otro tipo de asesoramiento financiero, ni puede servir de base para ningún contrato, compromiso o decisión de ningún tipo. Los CFD son instrumentos complejos y están asociados a un riesgo elevado de perder dinero rápidamente debido al apalancamiento. Entre un 74 y un 89 % de los inversores minoristas pierden dinero cuando comercializan con CFD. Debe considerar si comprende el funcionamiento de los CFD y si puede permitirse asumir un riesgo elevado de perder su dinero. Los USD30 de bono de Trading de XM no están disponibles a residentes en la Unión Europea.

  

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