Intro
Pepperstone doesn't have its own self-developed trading platform. It offers three third-party trading platforms:
- MetaTrader 4
- MetaTrader 5
- cTrader
- TradingView
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Score | Available | |
---|---|---|
Web platform score | 2.8 stars | Yes |
Mobile platform score | 3.8 stars | Yes |
Desktop platform score | 3.4 stars | Yes |
Pepperstone MT4 Web
Pepperstone's MetaTrader 4 web trading platform is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and its design is outdated.
Pros | Cons |
• Clear fee report | • No two-step/safer login |
• Good customizability for charts, workspace | • No price alerts |
• Order confirmation |
Of the four available web platform choices, we reviewed MetaTrader 4 because of its high popularity.
MetaTrader 4 is available in an exceptionally large number of languages.
Arabic | Bulgarian | Chinese | Croatian | Czech | Danish |
Dutch | English | Estonian | Finnish | French | German |
Greek | Hebrew | Hindi | Hungarian | Indonesian | Italian |
Japanese | Korean | Latvian | Lithuanian | Malay | Mongolian |
Persian | Polish | Portuguese | Romanian | Russian | Serbian |
Slovak | Slovenian | Spanish | Swedish | Tajik | Thai |
Traditional Chinese |
Turkish | Ukrainian | Uzbek | Vietnamese |
Look and feel
The Pepperstone web trading platform has great customizability, it is easy to change the size and position of tabs.
However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to our watchlist.
Login and security
Pepperstone provides only a one-step login. Two-step authentication would be more secure. However, you can set up a two-step login for accessing the client area on the website (where you can initiate a withdrawal for example).
You can't log in using biometric authentication. Offering this feature would make the login process more convenient.
Search functions
The platform's search functions are average. You can find assets grouped into categories, but we missed the usual search box where you can type asset names or other keywords manually.
Placing orders
You can use only basic order types; you won't find more sophisticated orders such as 'one-cancels-the-other'. The following order types are available:
- Market
- Limit
- Stop
If you are not familiar with order types, read this overview.
There are two order time limits you can use:
- Good till canceled (GTC)
- Good till time (GTT)
Alerts and notifications
You can't set alerts or notifications on the Pepperstone web trading platform. This feature is available only on the desktop trading platform.
Portfolio and fee reports
Pepperstone has clear portfolio and fee reports. You will easily find your profit-loss balance and the commissions you paid under the 'History' tab.
Pepperstone MT4 Mobile
Pepperstone offers four mobile trading platforms: MetaTrader 4, MetaTrader 5, TradingView and cTrader. MetaTrader 4 is the most popular of the three and is available on iOS and Android. We tested it on both.
Pepperstone has a great mobile trading platform offered by MetaTrader 4. It is well-designed and user-friendly. However, it lacks a safe login.
Pros | Cons |
• User-friendly | • No two-step login |
• Good search function | • No Touch / Face ID login |
• Price alerts |
After you download the MT4 mobile trading platform, you will have to access the Pepperstone-Live server.
Just like on the web trading platform, you can choose from many languages. Changing the language is a bit tricky on Android devices; you can do it only if you change the default language of your mobile.
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 |
Look and feel
Pepperstone has a great mobile trading platform; we really liked its design and user-friendliness. You will easily find all the features.
Login and security
Similarly to the web trading platform, Pepperstone provides only a one-step login. A two-step login would be safer.
You can't use fingerprint or Face ID authentication. Offering these features would make the login process more convenient.
Search functions
The search functions are good. You can search by typing the name of the product you're looking for or by navigating the category folders.
Placing orders
You can use the same order types and order time limits as on the web trading platform.
Alerts and notifications
Alerts and notifications are only available on the desktop trading platform. Enabling notifications in the mobile trading platform as well would significantly increase trading comfort.
Pepperstone Desktop MT4 Platform
Pepperstone offers four desktop trading platforms: MetaTrader 4, MetaTrader 5, TradingView and cTrader. We reviewed MetaTrader 4 (MT4), as this is the most popular among investors.
In terms of design and functionality, Pepperstone's MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts on the desktop trading platform.
Pros | Cons |
• Clear fee report | • No two-step/safer login |
• Good customizability for charts and workspace | • Poor design |
• Price alerts |
The platform has the same design, is available in the same languages, offers almost the same order types (trailing stop is also available), has the same search functions, and offers the same portfolio and fee reports as the web trading platform. These reports can be found under the 'Account History' tab: right click on one position, then choose 'Save as Detailed Report'.
The major difference is that you can set alerts and notifications on the desktop trading platform, in the form of mobile push and email notifications. To set email or mobile notifications, you must add your email address and mobile MetaQuotes ID (you can find it in the settings of the MT4 app). You can add them under 'Options' in the 'Tools' menu.
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
- Does Pepperstone have MT4?
- What is Pepperstone's cTrader?
- Does Pepperstone have low spreads?
- Pepperstone app
- Can you trade options at Pepperstone?
- Pepperstone alternatives
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