Pepperstone is a leading Forex trading platform with users spread across the globe.
Our Pepperstone Review tells you everything you need to know about the broker. However, the question is whether the exchange is an ASIC broker or not.
Let’s get started!
Table of Content
Is Pepperstone an ASIC Broker?
ASIC is the regulatory body in charge of the Australian financial market. Pepperstone is a registered ASIC broker with the number 147 055 703. It joined ASIC on October 27th 2010 as Pepperstone Group Limited.
Recently, in 2021, the ASIC laws were modified and brokers across the country have adapted to the changes. Hence, ASIC brokers now have higher Australian retail customer protection standards, good news for Forex brokers in the country.
|Is Pepperstone ASIC Regulated?||Yes|
|Number of Registration||147 055 703|
|Year of Registration||27/10/2010|
|Broker’s Business Name||Pepperstone Group Limited|
If you need more information on the broker’s regulatory environment and the protections (as well as the limitations) in place for Australian customers, visit the Pepperstone website (75.9% of retail CFD accounts lose money).
Pepperstone ASIC: How did Leverage and Features Change since 2021?
Pepperstone once enjoyed a max leverage of 1:400 on Forex but that has now be limited to 1:30 for retail customers. Now, all ASIC brokers are mandated to abide by the negative balance protection to ensure that traders don’t lose more than their investment.
More so, within Australia, FX trading bonuses such as deposit bonuses and the likes are now banned. However, the change notwithstanding, your funds are still held in segregated bank accounts so that they are separated from the business and are protected, even if the broker goes bankrupt.
You can open a demo account with Pepperstone to confirm this development (75.9% of retail CFD accounts lose money).
|Features||Pepperstone ASIC Regulation Now||Pepperstone ASIC Regulation Before|
|Segregated Bank Accounts||Yes||Yes|
|Minimum Leverage on Forex||1:30||1:400|
|Negative Balance Protection||Yes||Yes|
How to Double Check the Pepperstone ASIC License
Double-checking the Pepperstone ASIC license is pretty simple. For a start, the broker is registered in Australia where it operates under the business name “Pepperstone Group Limited”. You can use the broker’s webpage footer to find it.
If you follow the steps and do the process correctly, you can see the Pepperstone ASIC license as shown in the picture below:
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