One of the very first things you will likely do when you want to open a Pepperstone account, or an account with any other broker for that matter, is make a deposit.
The process is quite easy and straight-forward, including the choice of the deposit method and the Pepperstone base currency.
But let’s take it one step at a time and let’s go straight to the point: What is the Pepperstone minimum deposit?
The Pepperstone minimum deposit is 0 USD, and on top of this the broker does not charge additional fees to the funding.
For those who want to open a Razor account, which is a great choice for scalpers and anyone who is willing to trade with low spreads from 0,09 pips, the amount needed is the same:
The minimum deposit for a Pepperstone Razor account is 0 USD, just like the Pepperstone Standard Account one.
Now, If you’re confident with your trading skills, the next step is to Open a Pepperstone account (74-89% of retail CFD accounts lose money).
|Features||Pepperstone Minimum Deposit|
|Pepperstone Standard Account||0 USD|
|Pepperstone Razor Account||0 USD|
|Base Currencies||AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD|
However it’s not possible to trade without money. That’s why Pepperstone suggests investing at least 200 units of the currency you are going to deposit with, just like they state in their website.
Now you may be wondering what are the deposit methods available with Pepperstone, the deposit fees you may be charged, the whole process of funding the account and maybe how long it will take.
If you’re interested in this, we suggest you keep reading or have a look at our Pepperstone Review for a wider overview in case you haven’t already done so.
Otherwise, if you already know everything you should know, you can follow the link to the Pepperstone website and open a Pepperstone account (74-89% of retail CFD accounts lose money).
In this article you will find the following information:
- The Pepperstone minimum deposits depending on the account chosen
- A Step-by-step tutorial on how to fund your pepperstone account
- Useful information about the account funding (fees, base currencies & deposit methods)
Table of contents
Pepperstone Standard Account Minimum Deposit
Now let’s examine more closely this deposit amount based on the Pepperstone account type you decide to open. If you want to cover more details about the offer of accounts provided by the broker, please check our Pepperstone account types article.
If you are a Pepperstone standard account holder then you will know that these account types are available to all traders worldwide.
The Pepperstone Standard Account minimum deposit is 0 USD, meaning that you can deposit any amount you wish. 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.
Pepperstone Razor Account Minimum Deposit
The Pepperstone Razor account is well-known in the industry and is again available to traders all over the world. The minimum deposit for a Pepperstone Razor account is 0 USD, even for other base currencies that Pepperstone made available.
Holders of Razor accounts can benefit from an even more competitive low pepperstone spread although commissions are added to trades on this account which can be high depending on your trading patterns and plans. Not many know though, that the broker has an Active Trader Program in place like we’ve explained in our Pepperstone professional account review.
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.
You should know that many brokers provide swap free accounts. If you want to discover which brokers offer Islamic accounts, you should definitely read our swap free islamic forex brokers top ten.
Pepperstone Spread Betting Account Minimum Deposit
The Pepperstone spread betting account is currently available to UK and Irish traders only. The minimum deposit on this type of account is $200.
Spread betting with Pepperstone you will find the spread remains very competitive starting from 0 pips and you will have an excellent range of more than 180 assets to spread bet on.
If you are interested in spread betting and would like to learn more, we have written a very useful uk spread betting forex brokers top ten, which highlights the brokers that are the best for spread betting and provides you with all the additional information you may need to get started.
How to fund your Pepperstone Account: Step by Step tutorial
1. Create a Pepperstone account
Whether you’re interested in a Pepperstone Demo or Live account, the first step is always visiting the pepperstone website (74-89% of retail CFD accounts lose money).
From here, select what kind of account you wish to open. If you are ready to create and fund your pepperstone account, select “Open an account”, otherwise select “to Demo” (30 free trial days) if you want to try out the broker first.
2. Login into the client area
Once you’ve created your Pepperstone Account, it’s time to login into the client area. The broker will redirect you to the client area upon the registration, but in case it doesn’t happen, just go to the homepage of the broker and select the top-right corner option “login into client area”.
Then, just type in the email and password you’ve chosen, and you’ll be ready for your first login.
3. Verify the Pepperstone account
When you’ve logged in, the second step consists in going to the “account” section and select “live”. You will find a message saying “Please complete the application process to create a live trading account”.
Click the link on “application process” and fill the questionnaire. You will be asked to provide personal information as well as other information on your wealth and knowledge about forex and CFDs.
Additionally, you will be required to provide a Proof of Address (ID or Passport) and a Proof of Identity (Bank statement).
Since Pepperstone complies to local and international financial regulators, these questions are asked according to the laws and rules Pepperstone has to follow.
If you face any doubt or problem, you can always contact Pepperstone through their live chat by simply clicking the button on the bottom-left corner of the screen.
4. Fund your Pepperstone Account
Once the questionnaire is filled and you’ve confirmed it to Pepperstone, it’s time to finally deposit money.
Visit the “Funds” page and select “add funds”.
It’s important to note though, that the verification may take time to be accepted by pepperstone. So until then, you will see a message encouraging you to complete the verification process though you’ve just completed it.
Once everything will be set, here you will be able to select both the amount and the deposit method, as well as useful information on how to fund the Pepperstone account correctly.
5. Wait for the Pepperstone Approval
Usually a deposit with Pepperstone, depending on the payment method chosen, may take between 2 and 5 business days to be completed. It’s worth noting that the first deposit with every broker is usually slower than the following ones.
Once your Account funds are deposited in the segregated bank account (meaning that Pepperstone cannot use them or prevent you from withdrawing them), you will be able to withdraw them whenever you wish. The process is the same: go to the “fund” page and select “withdraw funds”.
Pepperstone 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.
Choosing one is very simple. All you have to do is log in into your client area and request a live or demo account depending on your preference and skill level. During the account opening process, you will be asked to choose a base currency, just like we are showing in the picture below.
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.
Pepperstone Funding and Deposit Methods
The next thing to look at if you are trading with Pepperstone or any other top brokers are 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 the Pepperstone deposit methods you have at your disposal:
Pepperstone Bank Transfer Deposits
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 (which is a great news if you want to open a Pepperstone Professional Account), you may well receive one from your financial institution, you would be best to make it a larger deposit than the $5 minimum.
Pepperstone Credit Card Deposits
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 cards.
Pepperstone eWallet Deposits
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. To have a clearer picture on the matter, we created a very helpful post which you should take a look at, our PayPal forex brokers top 10.
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.
Pepperstone Other Methods Deposits
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.
Pepperstone Minimum Deposit vs Other Brokers
Pepperstone’s minimum deposit amount is a good deal for you as a trader. Here in the table below, we compared Pepperstone with two other trustworthy brokers for you to take a look at.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money
|Min. deposit||$0 ($200 recommended)||$100 ($1 for AM Invest Account)||$200|
|Number of dep. methods||9||10||10|
|Account currencies||USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, CHF, HKD||USD, EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON, SEK, NOK||USD|
Pepperstone No Deposit Bonus: Is it available?
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. If you’re interested to go deeper into the bonus topic, you can read our forex broker bonus promotions review.
However Pepperstone never offer this kind of bonus, not even under other regulatory bodies where these are allowed. On the other hand what Pepperstone does offer is a Rebate program for Professional High volume traders.
Pepperstone Minimum Deposit FAQs
How do I fund my pepperstone account?
You have to verify your Pepperstone account first. Then, log in into the Clients Area and select the amount of money you want to deposit along with the payment method (wire transfer, credit card or eWallets).
Does pepperstone accept M-Pesa?
Though Pepperstone is regulated and available in Kenya, at the moment it does not accept M-Pesa as currency to fund your account. If you cannot fund the account with other currencies, try contacting Pepperstone through the Clients Area in order to find the best solution for you.
How long does it take to withdraw from Pepperstone?
The time it takes to make your Pepperstone withdrawal depends on the withdrawal method you choose. Many can be completed very quickly within a couple of days though a bank wire transfer can take 3-5 working days to reach your account.
Does pepperstone accept M-Pesa?
Though Pepperstone is regulated by CMA, it does not accept M-Pesa as a method to fund your account. With that being said, you can find a good amount of other funding methods you can choose from.
|74-89% of retail CFD accounts lose money|