Thinking of opening a Pepperstone account?
Great! They are one of the most respected brokers in the industry. You should definitely check out our Pepperstone review first. They offer a huge range of assets you can trade in, including ETFs.
Here, we will focus on the Pepperstone ETF selection. That is, how to get started with the broker step-by-step, and exactly what they have to offer in terms of ETFs. You can find all of that information below.
Let’s take a look.
Why should you trade ETFs with Pepperstone?
With Pepperstone, trading ETFs you will have more than 100 to choose from. These can be traded as CFDs and include ETFs from all over the world in a total of 35 countries.
They are also diverse in the areas of the market they cover. You can invest in a range of different sectors through these ETFs. They are also kept extremely accessible with no minimum deposit required.
ETFs with Pepperstone can be traded through the MT5 trading platform. Here you can also use the EAs features to trade if you wish. You can also trade ETFs for any purpose, including to balance out your portfolio in terms of the other assets offered.
How to buy an ETF on Pepperstone
Here is a simple step-by-step walkthrough of how you can buy an ETF on Pepperstone.
1. Open a Trading Account
The first step, as with any broker, is to open your trading account. This can be a demo or a live account. You can easily start this opening process by visiting the Pepperstone homepage. For a demo account, you will have a 30-day free trial, though you can still open another demo account after the time period.
With the live account, there is no minimum deposit, though you will need to verify the account with your proof of identity and address documents. You can easily visit the Pepperstone website to get started with this (74-89% of retail investor accounts lose money when trading CFDs).
2. Login to the platform
Once your account is open, you will need to login to your MT5 trading platform. This is where ETFs can be traded with the broker. You will have received these login details when you registered your account. The platform itself is also accessible in a number of ways, including a direct download from the Pepperstone website.
3. Choose the ETF to invest into
When you are on the platform, you just need to select from the more than 100 ETFs through 7 categories, the ones you would like to invest in. The next step will be getting your order details set up.
4. Set the order parameters
The parameters of your order are up to you. You may choose to go short or long on the ETF since they are CFDs. You can also choose to set a stop loss or take profit for your own risk management. This is in addition to the quantity you want to buy. If you don’t want to automatically pay the market price, then you can define a price range within which the order will automatically be executed.
5. Execute the order
Pepperstone is famous for its fast execution. They receive your order within around 30ms. You will then be notified if they could execute the order or not. Once it is placed, you will find it in your MT5 trading platform under the portfolio section.
Pepperstone ETFs Commissions
When it comes to ETF commissions at Pepperstone, there are no spread mark-ups charged. There is a flat commission of $0.02 per ETF traded. Since these ETFs are traded as CFDs then rollover fees are charged if your position is held open for several days.
What type of ETFs are available with Pepperstone?
As mentioned, there are seven categories of ETFs available at Pepperstone. These categories are Asia Pacific, North America, UK, EU, Middle East, South America, Africa, Banking and Finance, Mining and Commodities, and Tech and Innovation.
You can trust there is a good selection of related ETFs available in each category above.
Trading ETFs with Pepperstone: Overall Pros and Cons
- Since they are traded as CFDs, you can go long or short
- A good selection of more than 100 ETFs is available
- You can trade these ETFs using leverage
- The commission is low at $0.02 per ETF traded
- The EAs feature can also be used
- Trading as CFDs has some increased risk
- You don’t own the underlying asset with CFD trading
- No dividends are paid on these ETFs
- The trading costs could increase during volatile market periods
About The Author