One of the very first things you will likely do when you have opened a Pepperstone account, or an account with any other broker for that matter, is make a deposit.
What though is the Pepperstone minimum deposit, and what funding methods are available?
The answer to these questions, if you haven’t already found it through our Pepperstone review, is exactly what we will cover here.
With this guide, you will get to know exactly which currencies are available as well as the minimum deposit based on your funding method and account type.
Account Base Currency
The Pepperstone base currency depends on the regulation of the region you are trading within. This should be known from your registration process.
If you are based within Europe or the UK then the USD, GBP, EUR, or Swiss Franc will all be viable options open to you as a base currency. If you are elsewhere and operating under global regulation these methods will also remain available.
The difference is that more base currency options will open to you if you are based under the global market regulation. These extra options include JPY, AUD, CAD, NZD, SGD, and Hong Kong Dollar based on your location.
As you can see, when it comes to Pepperstone base currency, you have many choices to select from.
The next thing to look at if you are trading with Pepperstone or any top forex broker, is the funding methods that are made available to you. It is in your best interest to make sure what is available from your broker fits your needs. Let’s take a look at what Pepperstone make available:
Pepperstone deposit by bank transfer is of course possible. This method is available worldwide regardless of your account location.
The minimum deposit with Pepperstone if you do wish to use a bank transfer is only $5 although considering that it will take a few days to arrive and although Pepperstone does not charge a fee, you may well receive one from your financial institution, you would be best to make it a larger deposit than the $5 minimum.
Credit card deposits are available with Pepperstone as they are with almost all other major brokers in the world. These deposits again are available worldwide.
You can deposit through either Visa or Mastercard depending on your preference. The minimum deposit here is $5 again, although a fee may be applied.
This fee which may be applied depends on your country from which you are trading, so you could be trading from a place with no fees or you may incur one. Either way, the fee which you do incur will be a small one, and not enough to discourage trading or deposit with credit card.
As with many top brokers these days, Pepperstone eWallet deposit options are available to you as a trader. With that said, these options are only open to you if based outside of Europe.
If that is the case then you will have the choice between PayPal, Neteller, and Skrill to make your deposit based on area. Again, the minimum deposit for these methods is $5.
You will also be pleased to note that if you do choose to deposit using an eWallet, there will be no fees at all taken from the Pepperstone deposit side.
There are a variety of other deposit methods available to Pepperstone traders. Again these will depend on where you are based. An example here is POLi, BPay, and Union Pay which are all available but only if you are located outside Europe.
Locally depending on your region and specific are within that region, you may find other Pepperstone deposit methods like Clickpat, Ecash and ATM deposit available, but these will be highly dependent on you location and fees may vary.
At this time it is not possible to fund your Pepperstone account with Bitcoin or any other type of cryptocurrency.
Now that we have taken a look at how the Pepperstone minimum deposit is impacted and changed based on the funding method you use, let’s examine more closely this deposit amount based on the Pepperstone account type you decide to open.
If you are a Pepperstone standard account holder then you will know that these account types are available to all traders worldwide. On the standard account, the minimum Pepperstone deposit required is $200. The equivalent amount in your base currency is also accepted.
When it comes to trading on the Pepperstone standard account, the spreads available are also the standard competitive spread which is available to all Pepperstone traders. It is worth noting that Islamic accounts are also available upon request with this account if you do require one.
The Pepperstone Razor account is well-known in the industry and is again available to traders all over the world. The minimum deposit on these accounts is also $200 with the equivalent in your chosen base currency also acceptable.
Holders of Pepperstone Razor accounts can benefit from an even more competitive low spread although commissions are added to trades on this account which can be high depending on your trading patterns and plans.
Again here, Pepperstone Islamic accounts are available to anyone who requires them. All you have to do is contact the Pepperstone support team to approve your request.
At this time, Pepperstone bonus amounts are not available to any traders under CySEC and FCA regulation due to the strict rules which they impose to ensure best practice.
However, Pepperstone does not typically tend to offer trader bonuses and there are currently none available to any traders.