Pepperstone's mobile app

Advertisement
 
Pros Cons
• User-friendly • No two-step (safer) login
• Good search function • No Touch/Face ID login
• Price alerts  

Visit Pepperstone
74-89% of retail CFD accounts lose money

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

In this article we'll check whether Pepperstone's mobile app, offered by MetaTrader 4, ticks all the boxes. Pepperstone has three mobile trading platforms: MetaTrader 4, MetaTrader 5 and cTrader. MetaTrader 4 is the most popular of the three and is available for both iOS and Android. We tested it on both.

Overall, we rated the user-friendliness of the app as better than average. Check out the following table to see how Pepperstone's mobile app stacks up against its closest competitors.

Pepperstone mobile app vs. similar brokers
  Pepperstone IC Markets Axi

Mobile app rating (5 is the best)

3.8 stars 3.8 stars

3.8 stars

User-friendliness

Great Great Great

2-step authentication

No No No

Biometric authentication

No No No

We're going to take a closer look at search functions, price alerts and order types, all the little details that determine whether a trading app is user-friendly or downright cumbersome. If you want to read our full review, including fees, deposit options and other platforms (like web and desktop), skip to the Pepperstone review.

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.

 

Pepperstone review - Mobile trading platform

 

Checklist for the Pepperstone app

 

Let's start with the search functions. We gave Pepperstone the green light, meaning its search functions are reasonably good.

Pepperstone mobile app features checklist
  Pepperstone IC MArkets Axi

Search functions

Great Great Great

Price alerts in the app

Yes Yes Yes

Confirmation after successful trade

No No No

We hear horror stories almost every month about accounts being emptied out by hackers - the easiest thing you can do to prevent these attacks is to make your account secure by enabling 2-step authentication. That is, if your broker offers this service. In our opinion this is a basic feature, however Pepperstone doesn't have this functionality.

The fact that you can't use biometric authentication to log in to the app is a major drawback in our view. A lot of brokers have enabled this function (e.g. via fingerprints or FaceID) to save you from having to type in your password every time, making it a convenient feature.

Pepperstone review - Mobile trading platform - Search

Order types, order limits and languages

Pepperstone has three order types available in its app:

  • Market
  • Limit
  • Stop

You can use the following order terms & expiry in the app: Good 'til canceled (GTC), Good 'til time (GTT).

The app is available in a relatively large number of languages. 

Pepperstone mobile trading platform languages
Arabic Chinese (Simplified) Chinese (Traditional) Czech English
French German Greek Hindi Indonesian
Italian Japanese Korean Polish Portuguese
Portuguese (Brazil) Russian Spanish Thai Turkish
Ukrainian Vietnamese      

->Back to Pepperstone review

Further reading:

Author of this article

Bence András Rózsa

Author of this article

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Bence András Rózsa

Broker Analyst

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

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

Share

Comments

×