The online brokerage firm Pepperstone requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.
The minimum amount required with Pepperstone is $0, which can be deposited via various methods, including wire transfer, credit/debit cards and ewallet. It should be noted that the minimum deposit with Pepperstone may vary depending on the type of trading account chosen.
Pepperstone generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the Pepperstone minimum deposit?
The Pepperstone minimum deposit is $0.
The only exception is the Pepperstone Spread Betting account available in the UK, which requires a minimum deposit of $200.
The Pepperstone minimum deposit, though, may also depend on the payment method chosen, while the base currency of the account and the currency in which you make the deposit can also have an impact on generating additional fees or commissions.
The Pepperstone deposit features are listed in this table below:
| PEPPERSTONE DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| Pepperstone Standard account | $0 minimum deposit |
| Pepperstone Razor account | $0 minimum deposit |
| Pepperstone Spread Betting account | $200 minimum deposit |
| Deposit fees | No |
| Withdrawal fees | No |
| Base currencies | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
(74-89% of retail CFD accounts lose money)
What are the Pepperstone account base currencies?
The Pepperstone account base currencies are AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD.
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.
What are the Pepperstone funding and deposit methods?
The Pepperstone deposit methods features and fees are listed below.
- Wire Transfer: 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.
- Credit/Debit Card: Credit card deposits are available with Pepperstone as they are with almost all other major brokers in the world. 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.
- eWallet: 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.
- Other Methods: 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.
What are the steps to fund your Pepperstone account?
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 (Bank statement) and a Proof of Identity (ID or Passport).
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”.
How does the Pepperstone minimum deposit compare with other major brokers?
The comparison between Pepperstone’s minimum deposit and those of other brokers can be found in this table below:
Warning
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.
| FEATURES | PEPPERSTONE | ADMIRALS | ETORO |
|---|---|---|---|
| Min. deposit | $0 ($200 recommended) | $100 ($1 for AM Invest Account) | $50 |
| Bank Wires | Yes | Yes | Yes |
| Credit/Debit Cards | Yes | Yes | Yes |
| PayPal | Yes | No | No |
| Number of dep. methods | 9 | 15 | 10 |
| Account currencies | USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, CHF, HKD | UUSD, EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON, AUD, SGD, JOD, AED | USD |
Does Pepperstone offer deposit bonuses?
Pepperstone doesn’t offer deposit bonuses at the moment.
On the other hand what Pepperstone does offer is a Rebate program for Professional High volume traders.
If you’re interested to go deeper into the bonus topic, you can read our ranking of the best forex brokers with bonuses and promotions. Keep in mind that bonuses are not available to any traders under CySEC and FCA regulation due to the strict rules which they impose to ensure best practice.
(74-89% of retail CFD accounts lose money)