The history of the Pepperstone brokerage began in 2010 when Owen Kerr and Joe Davenport came up with the idea of pioneering a new way of connecting retail traders with market-maker banks in the forex market. They managed to work with 23 top banks, including UBS, JP Morgan, etc., to bring price quotes to investors instantly via fiber optic. This collaboration allows all orders to be executed at Pepperstone 100 percent automatically and without dealing desk intervention. It works with low latency up to 0.05 milliseconds and no requotes. Trading fees at Pepperstone can be said to be super low. Due to this broker provides raw spreads starting from 0.0 pips. Experienced traders who like scalping and auto trading, for example, will greatly benefit from thin spreads and fast execution. Aside from Pepperstone, you can visit http://www.cnie.org/highleverage/broker-with-low-spread-and-high-leverage.html to find more brokers with low spread and high leverage.
In 2014 the Sydney Morning Herald reported that Pepperstone has become the 11th largest broker in the world (outside Japan). At that time Pepperstone has provided services to around 23,000 clients in various regions, including Asia. Pepperstone’s rise to prominence is not only due to its super-tight spreads and fast execution, but also because many people are interested in trading with deposits in currencies other than the US Dollar. In this case, Pepperstone is arguably very responsive to the market because it is willing to accept deposits in 11 currencies, such as AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, CAD, SGD, and HKD. Unfortunately, Pepperstone tends to be stingy with promotions.
Here are some of the advantages of the Pepperstone broker:
Liquidity Of Leading Banks
No need to worry about liquidity when you join Pepperstone. The broker works closely with leading banks, including UBS, JP Morgan, as liquidity providers. This ECN broker also provides many deposit and withdrawal methods including via bank wire, credit/debit card, and others.
Using a separate account
Pepperstone ensures the safety of client funds by depositing them in segregated bank accounts with Australia’s top banks, including the National Australia Bank (NAB). Client funds are separated from funds for company operations.
Pepperstone is licensed by Australian regulator ASIC. This makes traders from Asia prefer this broker.