| Pros | Cons |
| • User-friendly | • No two-step (safer) login |
| • Good search function | • No Touch/Face ID login |
| • Price alerts |
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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 | 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.
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 | 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.
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.
| 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 |
Further reading:
- About Pepperstone
- Pepperstone fees
- Pepperstone minimum deposit
- Pepperstone Minimum Deposit from South Africa
- Pepperstone Minimum Deposit from Kenya
- How to withdraw from Pepperstone
- Pepperstone's customer service detailed
- Pepperstone's online trading education
- Is Pepperstone considered safe?
- Pepperstone research and analysis tools
- Opening an account at Pepperstone
- Pepperstone available instruments
- Pepperstone trading platforms
- Pepperstone MetaTrader
- Does Pepperstone have MT4?
- What is Pepperstone's cTrader?
- Does Pepperstone have low spreads?
- Can you trade options at Pepperstone?
- Pepperstone alternatives
