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Pepperstone MetaTrader

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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Pepperstone platforms scores
  Score Available
Web platform score 2.8 stars Yes
Mobile platform score 3.8 stars Yes
Desktop platform score 3.4 stars Yes

 

Pepperstone MetaTrader platforms
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 On the other hand, it lacks a two-step login and price alerts, and its design is outdated.

Pepperstone web platform features

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.

Pepperstone web trading platform 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However, the platform feels outdated and some features are hard to find.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.

Pepperstone review - Web trading platform

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.

Pepperstone review - Web trading platform - Search

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)

Pepperstone review - Web trading platform - Order panel

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 MetaTrader platforms
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.

 

Pepperstone mobile platform features
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.

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      

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.

Pepperstone review - Mobile trading platform

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.

Pepperstone review - Mobile trading platform - Search

Placing orders

You can use the same order types and order time limits as on the web trading platform

Pepperstone review - Mobile trading platform - Order panel

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 MetaTrader platforms
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.

Pepperstone desktop platform features
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.

Pepperstone review - Desktop trading platform

 

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Author of this article

Edith Balázs

Author of this article

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Edith Balázs

Senior Editor

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

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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