All you need to know about withdrawal on Pepperstone

Reading time: 4 minutes

Being able to access your money is one of the top priorities when it comes to choosing a broker. Here, we will show you the withdrawal options, possible fees, how fast you can access your funds, and why Pepperstone is a reliable broker, where you can withdraw your money without safety concerns.

Withdrawal at Pepperstone is simple and straightforward, according to our analysis. However, there are some issues, such as currency and closing positions, you have to pay attention to.

To give you a brief summary: Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia.

THE ESSENCE:

  • Pepperstone charges $0 for withdrawal
  • The withdrawal process is usually executed within 1 day
  • Pepperstone is a reliable broker, regulated by at least one top-tier regulator
  • You can only withdraw funds to accounts in your name

First, let's see if Pepperstone is available in your country?

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74-89% of retail CFD accounts lose money

Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

How to withdraw money from Pepperstone
Is Pepperstone safe?

To trust your money with a broker, you need to be sure that the broker is considered trustworthy. We, at BrokerChooser, only recommend regulated brokers, meaning the broker's operations are overseen by a trusted body.

Pepperstone can be considered a legit broker as it is overseen by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will be able to withdraw your funds.

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74-89% of retail CFD accounts lose money

How to withdraw money from Pepperstone
What withdrawal methods are available at Pepperstone?

At Pepperstone, you have multiple options to choose from when you would like to withdraw money. These options are the following: Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay.

Remember, you can only withdraw funds to accounts that are in your name.

Withdrawal options Pepperstone
Bank transfer Yes
Credit/Debit card Yes
Electronic wallet Yes

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74-89% of retail CFD accounts lose money

How to withdraw money from Pepperstone
How long does it take to withdraw from Pepperstone?

Withdrawing your funds from a brokerage account is a bit different than withdrawing money from, let's say, a bank account. Unlike some deposit options, withdrawal is rarely instant.

Keep in mind that if you have all your funds invested, you have to close some of your positions first to get access to cash, which you can withdraw later on. After closing some of your positions, the broker might need some time to make the funds available for you for withdrawal.

At Pepperstone, the withdrawal process is usually executed within 1 day.

"I liked that the withdrawal process at Pepperstone was seamless and user-friendly. Withdrawal is free for credit/debit cards and electronic wallets, except for Skrill and Neteller. And even if bank transfer is only free for EU and Australian clients, it is still a very good offer." - Bence András Rózsa, Broker analyst

How to withdraw money from Pepperstone
What are the withdrawal fees at Pepperstone?

The good news is that Pepperstone charges no fees for withdrawal.

Withdrawal option Withdrawal fees
Credit/Debit card $0
Domestic bank withdrawal $0.0
International bank withdrawal $20.0
Electronic wallet 3% for PayPal and $1 for Skrill

Conversion fees

Pay attention that if your Pepperstone account's base currency and bank account's currency differ, you might be charged a conversion fee depending on your personal bank.

At Pepperstone, the following base currencies are available: AUD, USD, SGD, HKD, JPY, NZD, EUR, CHF, CAD and GBP.

To avoid high conversion fees, consider opening a multi-currency account at a digital bank.

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74-89% of retail CFD accounts lose money

How to withdraw money from Pepperstone
What to keep in mind when withdrawing from Pepperstone?

Withdrawing your funds from a brokerage account is a bit different than withdrawing money from, let's say, a bank account. Unlike some deposit options, withdrawal is rarely instant.

Keep in mind that if you have all your funds invested, you have to close some of your positions first to get access to cash, which you can withdraw later on. After closing some of your positions, the broker might need some time to make the funds available for you for withdrawal.

At Pepperstone, the withdrawal process is usually executed within 1 day.

How to withdraw money from Pepperstone
Wrap-up

You are awesome for having read through this article! Making sure you can access your funds might seem overwhelming at first, but the best time to start dealing with your finances is always right now.

You're doing great! Navigating through the world of brokerages is hard, and we want to help you along the way. If you are stuck somewhere, have a question, or a suggestion, please drop us an email.

How to withdraw money from Pepperstone
FAQ

How long do withdrawals take at Pepperstone?

Withdrawal is rarely instant. It usually takes at least 1 business day, but often several business days for your money to arrive. We tested withdrawal at Pepperstone and it took us 1 business day. Wire transfers could, however, take up to 3-5 days. 

Which bank does Pepperstone use?

When it comes to depositing or withdrawing your funds, the bank details for Pepperstone can be found in the ‘Fund’ section of your secure client area on Pepperstone’s website. Go to ‘Add Funds’, then select ‘Bank Transfer’, where you will see the relevant bank details.

How to fund my Pepperstone account?

Simply log in to your secure client area and head to the ‘Funds’ tab and select ‘Add Funds’. Once you select the account you wish to fund, you’ll find a range of funding options to choose from.

Can I trust Pepperstone?

We, at BrokerChooser, only recommend reliable brokers. Pepperstone is regulated by top-tier regulators, such as the FCA in the UK. Pepperstone offers investor protection in the EU and the UK.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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74-89% of retail CFD accounts lose money

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