Philippines Dollar Forex Trading Accounts
Pepperstone Review gives Filipino traders access to 1,200+ CFDs across multiple financial instruments and markets. Filipinos can trade these global markets using reliable platforms and fast trade execution. Pepperstone is trusted by over 400,000 traders globally.
- Louis Schoeman
Updated : May 22, 2024
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Overall Rating
- 4.9/5
Min Deposit
USD 0/ 0 PHP
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
1000+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Pepperstone is committed to offering a wide range of financial solutions that adapt to the changing demands of the Philippine economy.
If you’re engaged in the thriving semiconductor industry or considering ventures in transport equipment or chemical products, the broker’s flexible financing options and expert advisory services are tailored to help Filipinos achieve their business objectives faster.
Pepperstone prioritizes compliance and security for traders by being regulated across multiple jurisdictions, which, in addition to ASIC, include FCA, CySEC, BaFIN, DFSA, and CMA.
Through Pepperstone’s global entity (SCB Jurisdiction), traders in the Philippines can access a wide range of instruments, such as forex, commodities, indices, cryptocurrencies, shares, ETFs, and CFD forwards.
The platform offers user-friendly interfaces such as MT4, MT5, and cTrader, accessible on mobile, desktop, and web devices. These provide convenience and ease of use. Integrated features like TradingView charts and a social trading network enhance the trading experience.
Traders from the Philippines can enjoy competitive spreads, a minimum deposit requirement suitable for both novice and professional traders, dependable customer service, and timely market updates.
Pepperstone has received multiple accolades since its establishment and was recognized as the top performer in Social Copy Trading, algorithm trading, and MetaTrader in 2024. This has earned the broker its standing as a leading player in the forex trading industry.
The broker also caters to beginner traders by providing a wide range of educational materials. Experienced traders will find this beneficial, along with the extensive research material on the broker’s website.
This broker has tailored its services to cater to the specific needs of Filipino traders, making it a standout choice for them. It has recently introduced trading in the major Latin American currencies, including the Philippine Peso.
If you’re a Filipino trader looking for a trustworthy broker, Pepperstone is here to provide you with all the necessary tools and support for successful online trading.
Is Pepperstone a good choice for beginner traders in the Philippines?
Yes, Pepperstone is a good choice for beginners and experienced traders in the Philippines. Multiple jurisdictions highly regulate the broker. It offers an easy-to-use interface, a wide range of trading instruments, fast execution, and a wide range of deposit and withdrawal methods.
Does Pepperstone have an office in the Philippines?
No, Pepperstone does not have an office in the Philippines, but it has offices in several other locations, including Australia, the UK, Cyprus, Germany, Dubai, and Kenya.
Even though it doesn’t have an office in the Philippines, traders from the Philippines can communicate with Pepperstone through live chat, phone calls, emails, and by requesting a callback.
At a Glance
| 🔢 Established Year | 2010 |
| ⌛Regulation and Licenses | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 5️⃣Ease of Use Rating | 5/5 |
| 🎁Bonuses | ✅ Yes, active trader program, referral bonus |
| ⏰Support Hours | 24/7 |
| 📊Trading Platforms | TradingView, MetaTrader 4, MetaTrader 5, cTrader, Pepperstone Platform |
| 🗂️Account Types | Standard Account, Razor Account |
| 💵Base Currencies | USD, AUD, EUR, CAD, CHF, GBP, JPY, NZD, SGD, HKD |
| ✏️Spreads | From 0.0 pips EUR/USD on the Razor Account |
| ⬆️Leverage | 1:500 (Pro), 1:400 (Retail) |
| ➡️Currency Pairs | 70, minor, major, and exotic pairs |
| 💴Minimum Deposit | 0 PHP (AU$0) |
| 💷Inactivity Fee | None |
| 🗣️Website Languages | English, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, Laotian, German, Polish |
| 💶Fees and Commissions | Spreads from 0.0 pips, commissions from $3.5 |
| 🤝Affiliate Program | ✅ Yes |
| ❌Banned Countries | United States, Canada, Iran, Japan, Iraq, Zimbabwe, Yemen, and others |
| ✴️Scalping | ✅ Yes |
| ✳️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, commodities, indices, currency indices, cryptocurrencies, shares, ETFs |
| 🚀Open an Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in the Philippines
Bangko Sentral NG Pilipinas or BSP does not regulate Pepperstone. However, Pepperstone’s global regulations are listed in the table below.
Global Regulations
| 🔍Registered Entity | 🌎Country of Registration | 🔢 Registration Number | ⌛Regulatory Entity | 📊Tier | ✏️License Number/Ref |
| 🥇Pepperstone Group Limited | Australia | ACN 147 055 703 | ASIC | 1 | 414530 |
| 🥈Pepperstone Markets Limited | Bahamas | 177174 B | SCB | 3 | SIA-F217 |
| 🥉Pepperstone EU, Ltd. | Cyprus | HE 398429 | CySEC | 2 | 388/20 |
| 🏅Pepperstone Limited (UK) | United Kingdom | 08965105 | FCA | 1 | 684312 |
| 🎖️Pepperstone Financial Services (DIFC) Limited | Dubai | DIFC 3460 | DFSA | 2 | F004356 |
| 🏆Pepperstone GmbH | Germany | HRB 91279 | BaFin | 1 | 151148 |
| 🌟Pepperstone Markets Kenya Limited | Kenya | PVT-PJU7Q8K | CMA | 2 | CMA 128 |
Protection of Client Funds
| 🔍Security Measure | ℹ️ Information |
| 🗂️Segregated Accounts | ✅ Yes |
| 👤Compensation Fund Member | ✅ Yes |
| 💵Compensation Amount | £85,000 |
| 🎓SSL Certificate | ✅ Yes |
| 2️⃣2FA (Where Applicable) | None |
| ⛔Privacy Policy in Place | ✅ Yes |
| ⚠️Risk Warning Provided | ✅ Yes |
| ❌Negative Balance Protection | ✅ Yes, only for UK/EU clients |
| 🛑 Guaranteed Stop-Loss Orders | None |
Is Pepperstone legal in the Philippines?
Yes, Pepperstone is legal in the Philippines since it is a global forex broker regulated by top-tier authorities worldwide. There are also no restrictions on Pepperstone imposed by any authorities in the Philippines, which means Filipinos can trade forex confidently with Pepperstone in the Philippines.
Does Pepperstone offer investor protection in the Philippines?
Pepperstone provides investor protection to clients in the ASIC, CySEC, and FCA jurisdictions. However, it doesn’t extend this protection to its global entity (SCB Jurisdiction). As a resident of the Philippines, the investor protection scheme might not apply to you.
Awards and Recognition
Pepperstone has operated since 2010 and has been recognized as a top forex broker globally. Unsurprisingly, the broker has received numerous awards over the years. We have listed the most recent ones below:
✅Pepperstone was awarded the “Best MetaTrader 4 Broker” for the twenty-second year running by the Good Money Guide Awards.
✅In 2024, Pepperstone took three awards at the ADVFN International Financial Awards ceremony.
✅“Best CDF Education Tools.”
✅“Best Forex Trading Platform.”
✅“Best Live Trading Events and Webinars.”
✅It also took top honors in 2024 at the ForexBrokers.com annual awards, receiving “Best in Class for MetaTrader, Algo Trading, and Social Copy Trading.”
✅In 2023, it received the following awards:
✅“DayTrading Broker of the Year” award by DayTrading.com.”
✅“Global Broker Award” by FxScouts for the second year running.
✅“Social Champion” awards at the TradingView Broker Awards.
✅“Broker of the Year” awards by TradingView Broker Awards.
Account Types
| 🔍Account Type | 💴Minimum Deposit | 🚀Open an Account | ⬆️Leverage | 📊Platforms |
| 🥇Standard Account | 0 PHP ($0) | 👉 Click Here | Australia – 1:30 Bahamas – 1:200 Cyprus – 1:30 Dubai – 1:30 Germany – 1:30 South Africa – 1:400 United Kingdom – 1:30 | Pepperstone Trading Platform, MetaTrader 4, MetaTrader 5, cTrader |
| 🥈Razor Account | 0 PHP ($0) | 👉 Click Here | Australia – 1:30 Bahamas – 1:200 Cyprus – 1:30 Dubai – 1:30 Germany – 1:30 South Africa – 1:400 United Kingdom – 1:30 | Pepperstone Trading Platform, MetaTrader 4, MetaTrader 5, cTrader, TradingView |
Standard Account
The Standard Account is one of two live accounts available to Filipino traders of all skill levels. It can trade over 1200 trading instruments, including forex, commodities, indices, shares, cryptocurrencies, and ETFs.
There is no minimum deposit requirement on the Standard Account, and the biggest difference between it and the Razor account is the variable spreads starting at 0.6 pips with no commission charges.
Filipinos can trade on the MetaTrader 4, MetaTrader 5, cTrader, and the Pepperstone Trading Platform. The leverage offered on this account type is 1:30 for retail traders and 1:400 for professional clients.
Razor Account
Filipino traders who are more active in forex trading and use high-frequency trading methods will find that the Razor account will satisfy all their needs.
As with the Standard Account, this account requires no minimum deposit. This is a huge benefit to Filipino professional traders, as most other ECN brokers require a substantial minimum deposit.
Whereas the Standard Account offers variable spreads, the Razor Account offers raw spreads that start at 0.0 pips. It also comes with commission charges of $3.5 per round lot, which only applies to forex trading. The maximum leverage for retail clients is 1:30, and for professional clients, it is 1:400.
Filipino traders can use this account on the Pepperstone Trading Platform, cTrader, TradingView, and MetaTrader 4 and 5.
Demo Account
A demo account is precisely what it sounds like—a trading account that allows Filipino traders to test the trading platforms offered by Pepperstone in a low-risk environment without incurring any actual financial losses.
These demo accounts are commonly used by individuals new to trading who wish to gain experience and practice their skills before opening a live account.
They are also used by experienced traders who want to experiment with new strategies or products before executing real trades in a live environment.
Filipino traders can register a demo account with Standard or Razor accounts on any trading platform.
The demo accounts last 60 days and offers real-market pricing. You can choose from any of our trading account currencies and receive up to $50,000 in virtual funds courtesy of Pepperstone.
Using a demo account, Filipino traders can utilize a trading simulator to familiarize themselves with a platform, develop their strategies, and gain confidence without putting real money at risk.
Islamic Account
The Islamic Swap-free account caters to traders who cannot receive or pay overnight swaps because they follow the Muslim faith.
Pepperstone offers the Islamic Account as an interest-free trading account that provides traders access to the broker’s advanced trading technology and deep liquidity.
This account type is typically available to traders who adhere to the Muslim faith. In the Philippines, where Christianity is the predominant religion and Islam is the second-largest, this account type would be ideal for Muslim traders who adhere to Sharia law. It aligns with Islamic principles that prohibit the charging or paying of interest.
Although Pepperstone does provide the option of opening an Islamic Swap-free account, it is, unfortunately, not available to Filipino traders as the Philippines is not included in the list of eligible countries with the broker.
Can I open more than one live account with Pepperstone?
Yes, you can access it easily by logging into your secure client area and navigating to the Live tab in the Account section. To add a new account and set your preferences, click the blue plus symbol (+).
What’s the minimum deposit for Filipino traders to open a live account with Pepperstone?
Pepperstone requires no minimum deposit for Filipino traders. According to the broker’s perspective, every trader needs to consider their trading experience and financial situation when deciding how much to deposit.
How to Open an Account Step-by-Step
Filipinos can follow these steps to register an account with Pepperstone:
Step 1: Go to the official website and click on “Join Now” or “Trade Now”
Step 2: Complete the online registration form
You must also choose how to sign up through Google, Facebook, Apple, or your email account.
Click on the desired tab, and a new page will open where you must create your profile by filling in the required information.
Step 3: Wait for confirmation from Pepperstone
Wait for the broker’s confirmation email with a verification link. Click on the link to complete your registration.
Next, you must adhere to the KYC procedure, where Pepperstone needs to verify your identification and residency. You must upload a copy of your ID and recent proof of residency through a utility bill or bank statement. Filipino traders must supply their PhilSys ID and the Philippine Identification Card (PhilID).
Can Filipino traders open more than one demo account with Pepperstone?
If Filipino traders have a LIVE account with Pepperstone, you can have up to 10 demo accounts. If you don’t have a live account, you can have up to 5 demo accounts – 2 for MT4 (1 standard & 1 razor account) and one each for MT5, cTrader & TradingView.
Does Pepperstone offer MAM/PAMMs?
Yes, Pepperstone offers MAM and PAMM to qualified and experienced fund managers with relevant licenses or industry experience.
Overall Rating
- 4.9/5
Min Deposit
USD 0/ 0 PHP
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
1000+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Trading Platforms and Software
Pepperstone offers Filipino Traders the following Trading Platforms:
➡️TradingView
➡️cTrader
➡️Pepperstone Trading Platform
➡️MetaTrader 4
➡️MetaTrader 5
➡️Web API
TradingView
The TradingView platform can only be used by Filipino traders who register for a Razor Account. This account type allows Filipino traders to join a large community and use the platform’s social trading features and robust technical analysis tools.
Filipino traders can connect to a charting platform and social network that 30M+ traders and investors use globally.
TradingView offers Filipino traders highly customizable charts with a wide range of indicators, allowing traders to execute trades directly from the charts.
The platform includes essential features such as real-time news updates and an economic calendar to stay informed about major market events and movements.
cTrader
cTrader is another platform available to Filipino traders that Spotware developed. It caters to traders of all experience levels with its versatile functionality.
Whether new to CFD and Forex trading or an experienced trader, cTrader provides an intuitive platform that balances simplicity with advanced capabilities.
It offers robust charting tools, sophisticated order entry options, and extensive customization features. Additionally, with cAlgo integration, traders can automate their strategies and implement personalized algorithms.
Known for its transparent features and user-friendly interface, cTrader supports fair and swift trade execution through direct processing and no-deal desk trading.
Pepperstone Trading Platform
Filipino traders can use Pepperstone’s in-house trading platform to trade financial instruments at their own convenience. This trading platform enables Filipino traders to trade conveniently from any location.
Gain access to a wide range of global markets and trade CFDs on assets such as forex, commodities, indices, and cryptocurrencies. It is accessible on browsers, Android, and iOS.
Filipino traders can enjoy razor-sharp spreads, industry-leading liquidity, efficient execution, and award-winning support.
Filipino traders can easily switch between charts and actively manage their positions in real time using one-click trading, all while trading on live streaming prices.
Pepperstone offers a secure and streamlined trading experience with tight spreads, industry-leading liquidity, efficient execution, and award-winning support through the Trading Platform.
MetaTrader 4
Forex and CFD traders in the Philippines rely on the widely recognized and favored MetaTrader 4 platform, which is ideal for trading forex currencies.
MT4 provides a wide range of features to enhance your trading experience. You’ll have access to advanced charting tools, interactive charts, Expert Advisors, copy trading, custom indicators, algorithmic trading, scripts, and more.
Filipino traders can easily download the free software on their desktop or mobile device. With the ability to trade on multiple devices, you can conveniently monitor and control your positions no matter where you are.
MT4’s powerful features and user-friendly interface make online trading effortless for beginner traders. Traders worldwide trust the platform’s currency trading software for its wide range of currency pairs, competitive spreads, and incredibly fast execution speeds.
MetaTrader 5
With the release of MetaTrader 5, Filipino traders can now experience all the features of the MT4 platform with even more advanced functionality.
The MQL programming language is a versatile tool for developing trading strategies on the MetaTrader platform. MT5 utilizes MQL5, which offers numerous advantages compared to MT4’s MQL4.
MT5 offers a range of impressive features that cater to traders looking to automate and test their strategies and those seeking a user-friendly interface and advanced charting options. By utilizing MT5, you can enhance your trading efforts and maintain a competitive edge.
Traders from the Philippines can expect quicker processing times, enhanced order entry features, and access to the most up-to-date tools on this platform.
MetaTrader 5 has been developed to accommodate a wider variety of trading strategies, providing an extended selection of timeframes and order types.
Web API
Pepperstone supports automated trading via Web API (Application Programming Interface). Tech-savvy traders and developers in the Philippines can seamlessly integrate Pepperstone’s trading functionalities into their applications or platforms or develop custom-built systems.
This could be especially advantageous for individuals creating customized trading algorithms or incorporating Pepperstone data into their current systems.
Which Pepperstone platform is recommended for beginners in the Philippines?
MetaTrader 4 is the best platform for beginners because it is user-friendly.
Which Pepperstone platform is best for technical analysis?
TradingView’s charting tools make it suitable for technical analysis.
Range of Markets
| 🔍Instrument | 🔢 Number of Assets Offered | ⬆️Leverage Offered |
| ➡️Forex | 90+ | 1:20 (retail) 1:500 (Pro) |
| ➡️ETFs | 100 | 1:20 |
| ➡️Indices | 26 | 1:100 |
| ➡️Stocks | 1,000 | 1:20 |
| ➡️Cryptocurrency | 19 | 1:10 |
| ➡️Commodities | 40 | 1:100 |
Pepperstone Trading Hours
While the forex market trades nearly 24 hours a day except on weekends, other markets have more specific timings.
Pepperstone realizes the importance of being available and fitting in with the schedules of the Philippines workforce, which encompasses various sectors, including industry, agriculture, and services.
Whether you prefer to trade during the day in Quezon City or stay up late in Manila, Pepperstone allows you to engage in the global markets at your preferred time conveniently and mostly 24/7.
Look below for the exact trading hours on the markets offered by Pepperstone.
| ➡️Asset Class | Trading Hours (UTC+8) |
| ➡️Forex | 24 hours a day, 5 days a week |
| ➡️Commodities | Varies depending on the specific instrument |
| ➡️Indices | Varies depending on the specific instrument |
| ➡️Shares | Varies depending on the specific instrument |
| ➡️Crypto | 24 hours a day, 7 days a week |
| ➡️ETFs | Varies depending on the specific instrument |
Philippines Stock, Forex, Commodities, and Index CFDs Availability
| ➡️Can I trade OceanaGold (Philippines), Inc. (OGP) with Pepperstone? | No |
| ➡️Can I trade Repower Energy Development Corporation (REDCI) with Pepperstone? | No |
| ➡️Can I trade Ayla Corporation (AC) with Pepperstone? | No |
| ➡️Can I trade Universal Robina Corporation (URC) with Pepperstone? | No |
| ➡️Can I trade Manila Electric Company (MER) with Pepperstone? | No |
| ➡️Can I trade PLDT Inc. (TEL) with Pepperstone? | No |
| ➡️Can I trade RL Commercial REIT, Inc. (RCR) with Pepperstone? | No |
| ➡️Can I trade sugarcane with Pepperstone? | No |
| ➡️Can I trade Soybeans with Pepperstone? | No |
| ➡️Can I trade Copper with Pepperstone? | No |
What is ETF trading?
ETF trading offers traders a convenient method to access a diversified portfolio of stocks that mirror the performance of specific exchanges, regions, countries, or market sectors.
ETFs operate similarly to managed funds, with experienced fund managers actively trading and rebalancing the portfolio to mirror the performance of the underlying companies.
What is the best time to trade Forex in the Philippines?
There is no definitive time or preferred trading session regarding trading forex or other financial products in the Philippines. When trading, it’s crucial to consider various factors like volatility, trading conditions, spreads, market sentiment, and supply and demand.
During sessions such as the New York/London overlap from 8 am to noon EST, there is typically higher trading volume and increased activity in the Forex market compared to other session times.
Pepperstone vs HFM vs JustMarkets – Broker Comparison
| 🔍Broker | 🥇Pepperstone | 🥈HFM | 🥉JustMarkets |
| ⌛Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB | FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions | CySEC, FSCA, FSA, FSC |
| 📊Trading Platform | Pepperstone App TradingView MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 HFM App | MetaTrader 4 MetaTrader 5 JustMarkets App |
| 💳Withdrawal Fee | ✅ Yes, Telegraphic Transfers (TT) | None | None |
| 🆓 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
| 💴Min Deposit | 0 PHP (AU$0) | 0 PHP ($0) | 588 PHP ($10) |
| ⬆️Leverage | 1:500 (Pro) 1:400 (Retail) 1:20 – 1:200 (Others) | 1:2000 | Up to 1:3000 |
| ✏️Spread | From 0.0 pips | 0.0 pips | From 0.0 pips |
| 💷Commissions | From $3.5 per round lot | $6 per round turn | $6 per lot traded |
| 🛑 Margin Call/Stop-Out | 90%/20% | 50%/20% | 40%/20% |
| 🧑⚖️Order Execution | Market | Market | Market |
| ❌No-Deposit Bonus | None | None | ✅ Yes |
| 💰Cent Accounts | None | None | ✅ Yes |
| 🗂️Account Types | Standard Account Razor Account | Cent Account Premium Account Zero Account Pro Account Pro Plus Account | MT4 Standard Cent Account MT4 Standard Account MT4 Pro Account MT4 Raw Spread Account MT5 Standard Account MT5 Pro Account MT5 Raw Spread Account |
| ⌛Philippines BSP Regulation | None | None | None |
| ➡️PHP Deposits | None | None | ✅ Yes |
| 🌟PHP Account | None | None | None |
| ⏰Customer Service Hours | 24/7 | 24/5 | 24/7 |
| 🏷️Retail Investor Accounts | 2 | 5 | 7 |
| ☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | 100 lots | 500 lots | 100 lots |
| ⏰Minimum Withdrawal Time | 1 business day | 10 Minutes | 1 – 3 hours |
| ⏱️Maximum Estimated Withdrawal Time | Up to 7 business days | 10 business days | 6 banking days |
| ✔️Instant Deposits and Instant Withdrawals? | None | None | ✅ Yes, deposits |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
10 Best Forex Brokers in the Philippines
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Fees, Spreads, and Commissions
The fee structure at Pepperstone is competitive and transparent. Here is what we found that would be useful for Filipino traders to know:
Spreads
Pepperstone spread offers are very competitive. Filipino traders can expect variable spreads on the Standard account and raw spreads on the Razor account.
Spreads on the Standard account start at 0.6 pips on the common EUR/USD currency pair, whereas on the Razor account, the same currency spread will start at 0.0 pips.
Filipino traders should remember that spreads can change quickly due to market volatility.
Commissions
With Pepperstone Filipinos will find that the Standard account has no commission charges as this is already incorporated into the spread. However, on the Razor Account, they can expect to pay a commission fee when trading CFDs on forex, starting at $3.50 per round lot for currency pairs.
The low spreads, starting at 0.0 pips, compensate for the commission-free, which means high-volume traders might pay less overall.
Overnight Fees
An overnight or swap fee is a charge applied for holding positions overnight. Pepperstone adjusts your account by debiting or crediting it to reflect the cost of funding your position.
Various factors can impact swap fees, such as the type of instrument being traded, the prevailing interest rate, and the trade duration.
When analyzing currency pairs, we discovered that the disparity in interest rates between the two currencies significantly impacted the overnight cost.
Deposit and Withdrawal Fees
Filipinos have the benefit of paying no fees for deposits or withdrawals. However, Filipino customers should enquire whether any fees from their financial provider are forthcoming.
Inactivity Fees
Another huge advantage of using Pepperstone for Filipino traders is that the broker does not charge inactivity fees for dormant accounts. Filipino traders who want to take a break from trading can do so without worrying that a penalty fee will be added to their trading account.
Currency Conversion Fees
Pepperstone’s conversion fees are usually charged at the current market rate. While the broker doesn’t apply a markup, the rate can change, so the costs might vary.
However, although Filipino traders have quite a choice of base currencies when trading with Pepperstone, the broker does not accept the Philippine Peso (PHP) as the base currency.
Where can Filipinos find Pepperstone's swap rates?
Filipinos can find the latest swap rates on trading platforms. Swap rates posted on Pepperstone’s platforms are indicative and subject to change based on market volatility.
Does Pepperstone have a PHP account?
No, Pepperstone has no PHP account that Filipinos can use to trade with.
Overall Rating
- 4.9/5
Min Deposit
USD 0/ 0 PHP
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
1000+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Deposit and Withdrawal Options
| 💳Payment Method | 🌎Country | 💵Currencies Accepted | ⏰Processing Time |
| ➡️Visa | All | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD | 3 to 5 days |
| ➡️Mastercard | All | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD | 3 to 5 days |
| ➡️Bank transfer | All | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD | 3 to 5 days |
| ➡️MPESA | All | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD | Instant – 5 days |
| ➡️PayPal | All | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD | Instant – 5 days |
| ➡️Neteller | All | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD | Instant – 5 days |
| ➡️Skrill | All | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD | Instant – 5 days |
| ➡️Flutterwave | All | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD | Instant – 5 days |
Deposits
Bank Wire
✅Navigate to the Pepperstone website and log in to your trading account.
✅Go to the client area and click on “Funds.”.
✅Choose “Add Funds” and click “Bank Transfer”.
✅Choose the base currency and your deposit amount.
✅Pepperstone will provide their banking details.
✅Check the information you provided and confirm the transaction.
✅The money should be transferred into your account between 3-5 days.
Credit or Debit Card
✅Navigate to the Pepperstone website and log in to your trading account.
✅Go to the client area and click “Funds.
✅Choose “Add Funds” and click “Credit/Debit Card.”
✅Choose the base currency and provide your deposit amount.
✅Add your credit card number and all relevant information required.
✅Check the information you provided and confirm the transaction.
✅The money should be transferred into your account between 3-5 days.
Cryptocurrency
✅Navigate to the Pepperstone website and log in to your trading account.
✅Go to the client area and click “Funds.”
✅Choose the “Add Funds” and then select “Cryptocurrency.”
✅Select the coin type and enter the deposit amount to generate a unique wallet address.
✅Confirm and send the funds from your wallet to the provided address.
✅The blockchain will ve ed to your trading account within 5 days. rify the transaction.
✅The funds will instantly be transferred to your trading account within 5 days.
e-Wallets or Payment Gateways
✅Navigate to the Pepperstone website and log in to your trading account.
✅Go to the client area and click “Funds.”
✅Choose the “Add Funds.”
✅Select the online payment method of your choice.
✅Enter your base currency and the deposit amount.
✅You must now log into your electronic wallet to authorize the transaction.
✅Confirm to conclude the deposit.
✅You can expect the money to appear in your trading account within 5 days instantly.
Withdrawals
Bank Wire
✅Navigate to the Pepperstone website and log into your trading account.
✅Go to the client area and click “Funds.”
✅Choose “Withdraw Funds.”
✅Select “Bank Transfer.”
✅Enter the base currency and withdrawal amount.
✅Check the information you have provided and then click “Confirm.”
✅You should get the funds in your bank account between 3-5 business days.
Credit or Debit Cards
✅Navigate to the Pepperstone website and log into your trading account.
✅Go to the client area and click “Funds.”
✅Choose “Withdraw Funds.”
✅Select “Credit/Debit Card.”
✅Enter the base currency and withdrawal amount.
✅Check the card details and confirm the transaction.
✅Funds should reflect on your card within 3-5 business days.
Cryptocurrency
✅Navigate to the Pepperstone website and log into your trading account.
✅Go to the client area and click “Funds.”
✅Choose “Withdraw Funds.”
✅Select “Cryptocurrency.”
✅Choose the cryptocurrency you want to withdraw your funds in.
✅Enter the withdrawal amount and provide your wallet’s address.
✅The blockchain will verify the transaction.
✅The funds will be transferred to your digital wallet within 3-5 days.
e-Wallets or Payment Gateways
✅Navigate to the Pepperstone website and log into your trading account.
✅Go to the client area and click “Funds.”
✅Select “Withdraw Funds.”
✅Select your preferred e-wallet.
✅Enter the base currency and withdrawal amount.
✅Log into your e-wallet and authorize the transaction.
✅Confirm the withdrawal.
✅The funds will be reflected in your account instantly.
How do I add funds to my trading account?
Log into your secure client area and head to the Funds tab, then Add Funds, where you’ll find various funding options.
How do I withdraw funds with Pepperstone?
Log into your secure client area and navigate to the Funds Tab. Click on the Withdraw Funds tab to find all your withdrawal options.
Leverage and Margin
The margin represents the funds required to initiate a contractual agreement with a broker.
Understanding the initial margin requirements for a trade involves considering factors such as account leverage, trade size, instrument being traded, and account currency.
This is possible by utilizing the Margin Calculator in your Pepperstone client area.
Pepperstone ensures that traders cannot open positions without sufficient margin. Additionally, if a trader’s equity falls below 50% of the required margin, their positions are automatically closed to safeguard against further losses.
Understanding the relationship between leverage and margin is crucial. Pepperstone recognizes the significance of tailoring its products to align with the Philippines’ regulatory requirements while ensuring a competitive trading environment.
Pepperstone provides forex leverage of up to 1:500 in the ASIC jurisdiction. This allows you to trade $500 for every $1 in your trading account under ASIC regulations.
Using leverage can significantly impact your potential gains and losses, making it crucial for traders to exercise caution. Pepperstone offers a generous leverage option, allowing traders to maximize their market exposure while minimizing the capital required.
Educational Resources
Pepperstone offers many educational and research tools to assist Filipino traders of all skill levels. We found the following on its website:
| ➡️Economic Calendar | ✅ Yes |
| ➡️VPS | ✅ Yes |
| ➡️AutoChartist | ✅ Yes |
| ➡️Trading View | ✅ Yes |
| ➡️Trading Central | ✅ Yes |
| ➡️Market Analysis | ✅ Yes |
| ➡️News Feed | ✅ Yes |
| ➡️Blog | ✅ Yes |
| ➡️eBooks | None |
| ➡️Educational Videos | ✅ Yes |
| ➡️Platform Tutorials | ✅ Yes |
| ➡️Webinars | ✅ Yes |
| ➡️Seminars | ✅ Yes |
| ➡️Live Support | ✅ yes |
Trading Reports
The Philippines is experiencing a significant economic shift from agriculture to services and industry. This transition has propelled the country to become the 34th largest economy globally, with a GDP of US$435.7 billion in 2023.
This places the country among the fastest-growing economies in the world. To keep up with this growth, Pepperstone offers detailed trading reports that thoroughly examine market trends and economic indicators important to traders in the Philippines.
These reports, written by financial experts, can provide valuable insights into the factors that impact the Philippine Peso and other assets. Traders can use this information to make well-informed decisions in a rapidly changing market.
Trading Calculators
Pepperstone provides various handy calculators to help you determine pip values, risk amounts, and optimal lot sizes for your trades. This is a huge benefit for Filipino traders who may be new to forex trading.
It provides them with a clear understanding of the financial consequences of their trades and enables them to manage their risk effectively. This is particularly important in a country like the Philippines, experiencing a growing interest in online trading.
The calculators become available when you register with Pepperstone and will be found in your client portal.
Seminars
In our research, we determined that Pepperstone organizes seminars and, more specifically, webinars, but we could not find one specifically for the Philippines.
Although Pepperstone does not specifically focus on the Filipino market, these educational events encompass a broad spectrum of subjects, ranging from fundamental trading principles to sophisticated strategies, and frequently offer valuable perspectives on global markets.
What technical analysis tools does Pepperstone offer?
Yes, every AvaAcademy course on its website is free, opening doors to endless learning opportunities. The broker’s platform is designed for the modern learner, and traders can access the resources online whenever and wherever they prefer.
What are the benefits of trading with a VPS?
VPS system runs separately from any broker’s computer and internet connection, ensuring continuous trading. Pepperstone VPS services speed up trading to capitalize on market changes and reduce slippage.
Bonuses and Promotions
On the Pepperstone website, the broker clearly states that it does not offer deposit bonuses because it believes that its funds should be used to provide low-cost trading and a quality platform infrastructure.
The broker does, however, offer the refer-a-friend bonus to Filipino traders.
Refer a Friend Bonus
Filipino traders can earn up to AU$ 5,000 when they refer a friend or family member who opens a trading account with Pepperstone.
To qualify for this bonus, you must be a Pepperstone Pro client, and your friend must be approved as a Pepperstone Pro client.
Once approved, your friend must make a deposit and fulfill the trade requirements within 90 days. The bonus will be deposited into the trader’s trading accounts within 30 days.
To refer a friend, provide their full name and email address in your secure client area’s ‘Rewards’ tab.
Rebates for Clients
Filipino traders must be members of Pepperstone’s Active Trader program to qualify for rebates. By taking advantage of this opportunity, you can enjoy significant discounts on your trading commissions.
The discount you receive will be determined by the number of standard lots you trade per month. As you increase your trading volume, your commission discount will also increase.
Pepperstone stands out from other programs by offering daily rebates that are promptly refunded into your trading account the day after you close a position.
If you achieve the required trading volume for a specific symbol or asset class within a month, you will be eligible for tiered trading cost discounts.
The Volume-based Discount is determined by the percentage of the commission or spread, which is influenced by the volume of trades you conduct.
To maintain your membership in the Active Trader program, you must meet the volume requirements within a 3-month timeframe.
How much can Filipinos earn if they participate in the Refer-a-Friend program?
Traders can earn up to AU$5,000 when they refer a friend.
Does Pepperstone offer any competitions or promotions to its customers?
There is no indication that the brokers offer any promotions or run competitions for loyal customers.
Affiliate Programs
Pepperstone offers an affiliate program where Filipino traders can become partners and earn additional income. Our research showed the following features of the program.
Features
Pepperstone offers an affiliate program that welcomes traders from the Philippines to become partners. Based on our research, Pepperstone has built a strong reputation and is dedicated to delivering a top-notch trading experience.
This enables affiliates in the Philippines to confidently and consistently promote the brand, attracting new referrals.
Filipino traders have the potential to earn a significant profit due to the program’s compensation plan, which is determined by the trading activity of referred clients.
Affiliates can promote Pepperstone’s products and services and generate additional income by using their own websites, social media accounts, and other platforms.
This program targets individuals, companies, and communities in the Philippines engaged in blogging, internet marketing, SEO, lead generation, indicator creation, and EA development.
Pepperstone offers a variety of marketing resources to its affiliates targeting the Philippine market. Every product, from training materials to banners, is carefully crafted to cater to the specific needs of its target audience.
Profit potential exists as the program’s compensation plan is tied to the trading activity of referred clients.
By accessing real-time statistics on the performance of referred clients, Filipino affiliates can fine-tune their advertising campaigns for maximum impact.
How to Register an Affiliate Account Step-by-Step
Step 1: Go to the official website and click on the “Partners” icon in the top left corner
Step 2: Click on “Our Programs”
Step 3: Click on “Sign Up Now”
Click “Affiliate Programs at Pepperstone” and “Learn More.”
Step 4: Compete the online registration form
Step 5: Wait for confirmation from Pepperstone
Pepperstone will email you within two to five days with your affiliate account information and login instructions, confirming your authorized application. This email will also include instructions for obtaining your exclusive tracking links and advertising materials.
Where will Filipino affiliates find their tracking link?
Filipino traders need to log into the Partners Program to find their personal tracking link.
How long does it take to process an affiliate application?
All applications should be reviewed within 48 business hours of submission; however, in the case of high demand, this could take longer.
Customer Support
| 🫴🏻 Customer Support | 👥Pepperstone Customer Support |
| ⏰Operating Hours | 24/7 |
| ➡️Support Languages | Multilingual |
| 🗣️Live Chat | ✅ Yes |
| 💻Email Address | ✅ Yes |
| ☎️Telephonic Support | ✅ Yes |
| 5️⃣The overall quality of Pepperstone Support | 5/5 |
Response Time
| 🫴🏻 Support Channel | ⏰Average Response Time | ⏱️User-based Response Time |
| ☎️Phone | 5 minutes | 2 – 5 minutes |
| 1 working day | Same-day | |
| 🗣️Live Chat | 5 minutes | 2 – 5 minutes |
| 📱Social Media | 5 minutes | 5 minutes |
| 🤝Affiliate | 1 – 3 working days | Same-day |
Can Pepperstone be contacted through social media?
Yes, Pepperstone can be contacted through Facebook and Twitter.
In what languages can Filipino traders expect customer support?
Filipino traders can expect to be served in English.
Social Responsibility
Pepperstone does not partake in any Corporate Social Responsibility (CSR) program. Although no CSR projects are mentioned on the broker’s website, we believe that Pepperstone is an ethical broker and could still support worthy causes.
Pepperstone, as a global broker, can engage in Corporate Social Responsibility (CSR) initiatives in the Philippines in several meaningful ways:
✅Disaster Relief: This could be in partnership with humanitarian organizations and involve emergency aid, rebuilding infrastructure, or contributing to long-term recovery and resilience programs in areas affected by natural disasters.
✅Education: Pepperstone could establish a scholarship program for Filipino students pursuing finance, economics, or related fields. This initiative can help empower youth and contribute to developing future financial leaders in the country.
✅Financial literacy programs: The broker can launch educational campaigns or workshops to enhance financial literacy among Filipinos. This could include seminars on personal finance management, investments, and trading aimed at economic empowerment and responsible financial practices.
✅Environmental sustainability: Partnering with local NGOs focused on environmental conservation, which could include supporting reforestation efforts or promoting eco-friendly practices and conservation projects.
Through active participation in CSR initiatives in the Philippines, Pepperstone can showcase its dedication to social responsibility, positively contribute to local communities, foster stronger relationships with stakeholders, and significantly impact societal and environmental challenges.
Current Partnerships
Since Pepperstone is an Australian broker, it would only obviously partner with clubs and companies in Australia.
On Pepperstone’s website, we saw that the broker has the following partnerships:
✅Pepperstone is the Principal Partner of the Adelaide Strikers Big Bash League (BBL) Cricket Team.
✅Pepperstone is an Official Partner of the South Australian Cricket Association.
✅Pepperstone has partnered with one of tennis’s greatest and most exciting players, the former World No. 1 and seven-time grand slam singles champion John McEnroe. The former champion said he was happy to join the Pepperstone team, considering their track record supporting the sport.
✅Pepperstone also partnered with and sponsored the AFC Asian Cup in 2024.
✅Pepperstone joined forces with Geelong Football Club. Pepperstone became the club’s premier partner and official online trading partner, with its brand visible across LED signage at the MCG and GMHBA Stadium, in change rooms, on the club’s media backdrop, and in a range of hospitality options for its premium client.
Since Pepperstone is a globally recognized forex and CFD broker, we recommend it expand to other areas, specifically the Philippines.
The broker could get involved in local NGOs, sports clubs, environmental programs, humanitarian associations, and educational programs. Some of the recommended partnerships could be:
NGOs:
✅Gawad Kalinga focuses on poverty alleviation and community development.
✅ The Philippine Red Cross provides emergency assistance, disaster response, and health services.
✅WWF Philippines is involved in environmental conservation and sustainable development.
Sports Clubs:
✅Manila Polo Club.
✅Philippine Football Federation (PFF).
✅Alab Pilipinas Basketball team competing in the ASEAN Basketball League.
Humanitarian Associations:
✅Save the Children Philippines focuses on children’s rights, education, and protection.
✅UNICEF Philippines is involved in child welfare, health, and education initiatives.
✅Caritas Manila provides social services, disaster response, and livelihood programs.
✅Habitat for Humanity Philippines builds homes and communities for the underprivileged.
These organizations and institutions play crucial roles in various sectors across the Philippines, contributing to community development, education, sports, and humanitarian aid.
User Comments and Review
As Pepperstone is a reputable broker, many personal reviews are available on various sites. We listed some of the recent ones below:
🥇“The agent who responded to my request, Becca, was very helpful and solved my problem instantly. Wonderful service!”
🥈“My six-month experience with Pepperstone has been quite beneficial. I chose them because they provide competitive spreads on my trading instruments, a simple digital verification process for opening Demo and Live accounts, and a connection with TradingView’s API.”
🥉“Pepperstone is always providing exceptional and excellent support. Sometimes, the online chat queue is congested; however, whenever you drop them an email, they respond within one hour with a resolution and answers to your inquiry. Great trusted support team, thanks.”
In Conclusion
Based on our research, Pepperstone offers Filipino traders a comprehensive trading platform that stands out for its wide range of trading tools and platforms, such as MetaTrader, cTrader, and the in-house trading platform.
Our Insight
In my opinion, Pepperstone is a good option for Filipino traders. Pepperstone’s competitive spreads and dedication to quick execution times make it an excellent choice for traders of all levels of experience in the Philippines.
Our Recommendations
Our review of Pepperstone indicates that it should satisfy the trading needs of most traders. However, in terms of Filipino traders, we would like to mention some areas where improvements could be made, like the following:
✅Pepperstone will become better known in the Philippines if the broker puts in a dedicated effort to host seminars, events, and workshops in the Philippines.
✅ Pepperstone offers many educational resources but is not specifically focused on the Filipino market.
✅Pepperstone offers several popular payment methods, but it could make the deposit and withdrawal process for Filipino traders easier if they could use their currency, PHP, as the base currency.
Pros & Cons
| ✅Pros | ❌Cons |
| Offers the most up-to-date tools and services | Does not offer negative balance protection for Filipino customers |
| Offers competitive spreads and minimal commission fees | Filipino traders cannot deposit or withdraw PHP |
| It has reputable licenses in various jurisdictions | Not locally regulated in the Philippines |
| Filipino traders can expect 0 pip spreads on the Razor Account | Investor protection is only available to certain regions |
| MT4, MT5, cTrader, and TradingView offered | The demo account expires after 30 days |
| There are flexible payment methods available to traders | The range of educational materials and trading tools offered by Pepperstone is not focused on the Filipino trader |
| Offers an Affiliate program where traders can earn an extra income | No Islamic account for Muslim Filipino traders |
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Frequently Asked Questions
What is the advantage of Pepperstone’s execution speed?
Pepperstone is noted for its quick execution rates, which are critical for market entry or exit strategies.
Does Pepperstone offer any tools for automated trading?
Yes, Pepperstone has cTrader Automate and API Trading.
Are there any bonuses for high-volume traders at Pepperstone?
High-volume traders can use the “Active Trader Program,” which provides rebates and other benefits.
Can traders use any Expert Advisor (EA) with Pepperstone’s VPS?
Yes, users of Pepperstone’s VPS can install any Expert Advisor (EA) of their choice.
Can beginners use Pepperstone’s social trading tools?
Yes, especially for beginner traders or those wishing to broaden their tactics.
